GST- TAXPAYERS CAN FILE NIL FORM THROUGH SMS IN THE PORTAL

GST- TAXPAYERS CAN FILE NIL FORM THROUGH SMS IN THE PORTAL

27TH OCTOBER,2020

The Goods and Services Tax Network (GSTN) has laid down the mechanism for SMS filing facility for Composition taxpayers to submit their Nil Form CMP-08 statements. Previously, filing of Form CMP-08 could only be done online on the GST portal. 

A Nil Form CMP-08 needs to be filed by a taxpayer for a quarter if there are no outward supplies made, no liability due to reverse charge which also includes the reverse charge on the import of services, and no other liability for the quarter that the return is being filed.

The taxpayer must be registered as a Composition taxpayer, either by filing Form GST REG-01, or by filing Form GST CMP-02.

The taxpayer should have filed all the applicable statements in Form CMP-08 for the previous quarter.

The authorised signatory should be registered on the GST portal, along with his phone number.