I FILED THE CMP-08 OF JAN TO MARCH 2025 ON TIME. IN THE CMP-08 I FILLED THE OUTPUT BUT FORGOT TO FILL IN THE CGST AND SGST FIGURES AND FILED IT ERRORNEOUSLY.
BEFORE THAT I ALSO CREATED THE CHALLAN AND PAID THE AMOUNT WHICH IS STILL REFLECTED IN THE ELECTRONIC CASH LEDGER.
HOW DO I RECTIFY THIS ERROR. AS I CANNOT REVISE THE CMP08 HOW CAN I ADJUST THE CHALLAN PAID WITH THE OUTPUT SHOWN IN CMP-08.
NOW I WILL BE FILING THE ANNUAL RETURN. CAN ANY ADJUSTMENT BE DONE OR MENTIONED IN THE ANNUAL RETURN.
GST Composition Taxpayer Can Rectify Incomplete Return by Properly Declaring Tax Liability in Annual Filing A taxpayer filed a GST composition scheme return (CMP-08) for January to March 2025 without specifying CGST and SGST figures, despite having paid the correct tax amount via challan. The electronic cash ledger reflects the payment. The recommended solution is to correctly declare the tax liability in the annual return (GSTR-4), using the existing cash ledger balance to offset the tax without incurring penalties. Alternative options include filing a DRC-03 form to rectify the reporting error. (AI Summary)
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