The CBIC vide its Notification No. 21 /2019 – Central Tax dated April 23, 2019 has notified the procedure for quarterly tax payment and annual filing of return by registered persons paying tax under the provisions of composition scheme under Section 10 of the CGST Act, 2017, or availing the benefit of Notification No. 02/2019– Central Tax (Rate) dated March 7, 2019 [prescribes composition scheme for supplier of services with a tax rate of 6% having annual turnover in preceding year upto Rs. 50 lakhs].
Following is the procedure:
- The said persons shall furnish a statement, every quarter or, as the case may be, part thereof containing the details of payment of self-assessed tax in FORM GST CMP-08 of the CGST Rules, 2017, till the 18th day of the month succeeding such quarter.
- The said persons shall furnish a return for every financial year or, as the case may be, part thereof in FORM GSTR-4 of the CGST Rules, 2017, on or before the 30th day of April following the end of such financial year.
- The registered persons paying tax by availing the benefit of the said notification, in respect of the period for which he has availed the said benefit, shall be deemed to have complied with the provisions of Section 37 and Section 39 of the CGST Act, 2017, if they have furnished FORM GST CMP-08 and FORM GSTR-4 as provided above.