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Now file GST returns through SMS - Big relief to small traders
PrintAnother process of filing GST returns has been made easier for small traders. The GST Network (GSTN) has started the facility of filing quarterly returns through SMS for composition taxpayers with NIL returns. A total of 17.11 lakh taxpayers are registered under the composition scheme, out of which 20 percent or 3.5 lakh taxpayers are NIL returns.
This means that small traders or small business houses which do not have any GST dues or tax liability can now file their GST returns by just sending an SMS. They will not need to visit the GST portal. However, the business houses which have to pay tax will not be able to avail this facility.
“Composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08 is a quarterly statement of self-assessed tax to be submitted by Composition Taxpayers,” a statement by Goods and Services Tax Network (GSTN), said.
This means that small traders or small business houses which do not have any GST dues or tax liability can now file their GST returns by just sending an SMS. They will not need to visit the GST portal. However, the business houses which have to pay tax will not be able to avail this facility.
“Composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08 is a quarterly statement of self-assessed tax to be submitted by Composition Taxpayers,” a statement by Goods and Services Tax Network (GSTN), said.
Category : GST | Comments : 0 | Hits : 1146
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