Govt. prescribed special procedure for furnishing return and payment of tax by persons registered under the GST composition scheme in terms of Section 10 of CGST Act, 2017 or Notification No. 02/2019 – Central Tax (Rate). A statement containing details of payment of self-assessed tax shall be submitted for every quarter in FORM GST CMP-08 till the 18th day of the month succeeding such quarter.
Furthermore, the annual return in FORM GSTR-4 shall be furnished on or before the April 30 following the end of such financial year. Such taxpayers shall be deemed to have complied with provisions of Section 37 (Furnishing details of outward supplies) and Section 39 (Furnishing of return) of CGST Act if they have furnished FORM GST CMP-08 and FORM GSTR-4.
The Govt. also amended CGST Rules, 2017 while prescribing that Rule 138E (introduced vide CGST (Fourteenth) Amendment Rules, 2018) providing for restrictions on furnishing of Part A of FORM GST EWB-01 shall come into force w.e.f. June 21, 2019.
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