GST CMP-08 Report
TallyPrime gives you an overview of the GST CMP-08 report, where you can see the company information on top, the Return view, and the Nature view of the transactions. You can also view the total number of vouchers along with the number of vouchers under different headings in the Return Summary of the report. Form GST CMP-08 contains different sections or tables for recording multiple types of supplies, such as taxable, exempted, and even nil-rated. You can also learn about the GST CMP-08 filing along with the descriptions for each section of this report.
GST CMP-08 is a tax return that has to be filed monthly by a composite dealer on the GSTN portal. If you are a composite dealer, then you have to upload the details of all your outward supplies every quarter and file GST CMP-08 for depositing the tax payment quarterly. The filing of a tax return might sound difficult, but with TallyPrime, your journey becomes easy. You only have to record your GST transactions in TallyPrime, as usual, and your transactions appear in sections of the GST returns based on their nature as of the date you record them. You can just verify and export the details and upload them to the portal, and all your GST data from TallyPrime appear seamlessly on the portal.
To file GST CMP-08, you must upload the details of your GST sales in the relevant tables or sections on the portal. TallyPrime’s GST CMP-08 report is perfectly mapped to the tables of the GST CMP-08 form, and all your GST sales are automatically assigned to the relevant tables. Once your details are up and running in TallyPrime, you can rest assured that these details seamlessly reflect on the portal as well. You can view the report as Return view which is the mirror of how your data appears in the portal, and also in the Nature view which is the mirror of your data in your company books.
Overview of GST CMP-08
We understand how important it is to balance the compliance and the business aspects of your transactions. Hence, TallyPrime comes with a GST CMP-08 report that is tailored to meet your many requirements in one place. You can not only view your key GST values as per the portal but also view how these values are reflected in your books.
Moreover, if there are any errors or uncertainties in your GST details, you can easily identify and also resolve them in TallyPrime.
- Open CMP-08 report.
Press Alt+G > type or search CMP-08 > press Enter.
Alternatively, Gateway of Tally > Display More Reports > GST Reports > CMP-08.
If you are in Rel 2.1 and earlier, you can view the report Gateway of Tally > Display More Reports > Statutory Reports > GST > Returns > GST CMP-08.TallyPrime shows the default period for the report as per the last voucher date entry. Press Alt+F2 to view the report for any period other than your current reporting period.
- Click F12: Configure and enable the option Show breakup of Tax Amount, to view the taxes in separate columns.
If you are in Rel 2.1 and earlier, you can see the option as Show break-up of nett values?
- Press Alt+F5 (Detailed) to view the breakup of sales, purchases, and the corresponding returns.
GST CMP-08 has the following sections, which address your specific needs with great simplicity.
- Header – Company Information
- Return View – Mirror of the Portal
- Nature View – Mirror of Company Books
Header | View Company Information
The header section in GST CMP-08 captures some of your key information, such as the Company name, GST Registration, Period, and so on. If required, you can change one or more of these necessary details, and the contents of the reports get updated accordingly.
What’s more, if your business consists of multiple GST registrations/GSTINs, then the GST CMP-08 report provides you with an amazing view of your combined GST details and activities across registrations. However, TallyPrime also provides you with the flexibility to view GST CMP-08 for only one registration, from any of your companies.
View GST CMP-08 for a specific GSTIN
Press F3: Company/Tax Registration and select the required company or registration from the list.
The GST CMP-08 report is open for the selected registration.
Based on your requirements, you can even set a particular registration as the default using the Save View feature, so that GST CMP-08 opens with the details of your desired registration every time.
Return View | View GST Details in the Format of the Portal
The Return View section is your personal map of the GSTN portal. Every section or table on the portal is faithfully represented in this section so that you can conveniently share the data with the tax department. The best part is that you don’t have to do anything extra from your end. Depending on the nature of a particular transaction, TallyPrime captures all your transaction in the respective sections or tables.
The Return View section displays the following sections, based on your transactions during the period.
- Outward Supplies (including Exempt Supplies)
- Inward Supplies attracting Reverse Charge including Import of Services
- Interest, Late Fee, Penalty and Others
Outward Supplies (including Exempt Supplies)
This section displays the total value of taxable, exempt, and nil-rated supplies. It also displays the values of tax on sales.
When the Taxability Type (in the GST-Taxability Details screen) is set to:
Taxable, the tax is calculated only on the taxable supplies.
Taxable, Exempt and Nil-rated values, the tax is calculated on the total value of taxable, exempt, and nil-rated supplies.
Inward Supplies attracting Reverse Charge including Import of Services
This section displays the total value of purchases and the value of the tax on purchases attracting reverse charges.
Interest, Late Fee, Penalty and Others
This section displays any interest, late fee, or penalty that is levied for not filing GST CMP-08 on or before the due date.
Nature View | View GST Details as per Company Books
Within the context of the GST CMP-08 report, TallyPrime provides you with a quick and easy way to compare your return data with the data in your company books. To view these details, you simply have to change the view from Return View to Nature View by pressing F5. The Nature View section provides a general categorization of your GST sales, based on the nature of the transaction. You can view essential GST groups such as Outward Supplies and Inward RCM Supplies, with a breakup of taxable, exempt, nil-rated, and non-GST supplies.
Using the Nature View, you can quickly compare the GST details with the details in your company books, that is, in the Profit & Loss report, Sales Register, or Chart of Accounts. This helps you greatly in identifying and resolving any errors in your data before you can finalize the return.
In the Nature View section, you can find that all your outward supplies and inward RCM supplies are conveniently categorized based on your transactions during the period.
There are two sections in this report:
- Returns summary, which is a snapshot of the business operations in the given period.
- Particulars, which display transactions participating in the returns.
Returns Summary
This section provides a summary of all transactions recorded in the reporting period. You can drill down from each row to view the details.
Total Vouchers
The Total Vouchers section gives you a bird’s eye view of the key numbers and details across your GST transactions. You get a clear picture of the number of transactions included in the return, the transactions that are ready for export, the transactions where corrections are needed, and so on. You can drill down from each sub-section to take a closer look at the transaction details.
Included in Return
Included in Return gives you an overall count of the vouchers included in GST CMP-08. You can further drill down for a detailed breakup of the type of vouchers involved. For example, you can see how many sales returns are included in the return. The best part is that you can further drill down to see the full list of sales returns that have been recorded during the specified period, and also set the Effective Date and GST Status, as needed.
Not Relevant for this Return
Not Relevant for this Return gives you an overall count of the vouchers that are not required to be filed in GST CMP-08 in the selected period. This includes transactions of other registrations, returns, or return periods, and also includes non-GST transactions (such as payroll, inventory, and order vouchers) and transactions that were consciously excluded by you.
You can further drill down to view the different categories of transactions. For example, you can see how many non-GST transactions are present. The best part is that you can further drill down to see the full list of voucher types, such as credit notes, journals, payments, and receipts.
Uncertain Transactions (Corrections needed)
Uncertain Transactions gives you an overall count of the vouchers with GST-related errors. You can drill down further from the section to view all such uncertain details and correct them. Even if you have hundreds of transactions, you can easily find and fix a particular error.
Getting Ready for GST CMP-08 Filing
Apart from assured compliance, easy design, and great speed, the GST CMP-08 report comes with the following features, which make your return filing experience as smooth as possible.
Resolve Uncertain Transactions
Sometimes, you might experience problems in GST CMP-08 filing, if there are any errors or missing details in your GST transactions. When you have hundreds or thousands of transactions, it might get difficult to keep a tab on all the supplies and ensure that all the correct details are in place. However, with TallyPrime at your fingertips, you do not have to worry about such uncertain details at all.
The GST CMP-08 report in TallyPrime comes with an easy, intuitive classification of all such GST-related errors. You can drill down from the Uncertain transactions section to view all such uncertain details and correct them easily. Even if you have hundreds of transactions, it is pretty easy to find and fix a particular error. Moreover, if you think that certain details are correct, and you want to proceed with these details, TallyPrime also provides you with the option to accept such transactions as is.
All your uncertain transactions are conveniently placed in one of the following groups:
- Transactions with Incomplete/Mismatch in Information
- Inward and Outward Supplies
- Tax and Other Adjustments
Within the above groups, you can find your uncertain details in one of the following sub-groups:
- Invalid or Missing Information
- Mismatch in Information Between Masters and Transactions
- Mismatch Within the Transaction
Based on your requirement, you can drill down from one of the uncertain sections to view the full list of transactions. For example, if you want to view all the transactions where the GST rate is overridden in the transaction, then you can drill down from the GST Rate Details are overridden in transaction section and check the full list.
Moreover, if you think that the overridden GST rate is correct, and you want to proceed with those details, then you can select the required entry and press Alt+J (Accept As Is).
If you are in Rel 2.1 and earlier, click here.
Resolve Incomplete/mismatch in Information in Vouchers
The exceptions are listed in the order of priority, based on the importance of the information to generate the returns. You need to update the missing information and resolve the mismatches to include them in the returns.
Exceptions in this section
Tax rate/tax type not specified
Taxability, Reverse charge applicability, Taxable value, Rate of tax modified in voucher
Vouchers with incomplete/incorrect adjustment details
Vouchers having Reverse Charge and Other than Reverse Charge Supplies
Vouchers recorded before 01-Jan-2020 should not have State and Place of Supply as Ladakh
Sales by composition dealer with interstate Party
Information required for generating table-wise details not provided
Tax rate/tax type not specified
Displays the count of transactions for which the rate or tax type is not selected in the item/ledger master.
- Select Tax rate/tax type not specified, and press Enter.
- Select the Taxability, if not provided.
- Enable Reverse Charge if applicable, and provide the tax rates.
- Press Enter to save.
Click X: Exclude Vouchers to exclude the voucher from GST CMP-08 return.
Taxability, Reverse charge applicability, Taxable value, Rate of tax modified in voucher
Displays the count of transactions in which the taxability, applicability of reverse charge, or rate of tax defined in the ledger master has been changed in the transaction.
- Select Taxability, Reverse charge applicability, Taxable value, Rate of tax modified in voucher, and press Enter.
- Select the relevant transaction, press Alt+R (Resolve), and enter the details manually. Press Alt+J (Accept as is) if you do not want to change any information.
- Press Enter to accept. Similarly, accept the required vouchers.
- Press Ctrl+A to accept.
Vouchers with incomplete/incorrect adjustment details
Displays the count of journal vouchers in which the Nature of adjustment selected is incorrect.
- Select Voucher with incomplete/incorrect adjustment details, and press Enter.
- Select the Nature of Adjustment and accept the voucher.
- Press Ctrl+A to accept.
Vouchers having Reverse Charge and Other than Reverse Charge Supplies
Displays the count of transactions in which both reverse charge and other than reverse charge supplies are selected.
- Select the exception Vouchers having Reverse Charge and Other than Reverse Charge Supplies, and press Enter.
- Select the transaction and press Enter to view the voucher alteration screen. Make the necessary corrections in the transaction and save the transaction.
Vouchers recorded before 01-Jan-2020 should not have State and Place of Supply as Ladakh
Displays the count of transactions in which Ladakh is selected as the Place of supply and party’s State, in transactions recorded on or before 31-Dec-2019.
- Select the exception Vouchers recorded before 01-Jan-2020 should not have State and Place of Supply as Ladakh, and press Enter.
- Select the transaction and press Enter to view the voucher alteration screen. Press F12 to view the Voucher Configuration screen of sales invoice, and set the option Provide supplier details? to Yes to update the State and Place of Supply.
- Select the party’s State and save the transaction.
Sales by composition dealer with interstate Party
Displays the count of transactions recorded with party located outside the state, as such transactions are not allowed by GSTN.
- Select the exception Sales by composition dealer with interstate Party, and press Enter.
- Select the State, Place of Supply, and Registration Type. You can change the address details by pressing Backspace and setting the option Set/Alter Address to Yes.
Information required for generating table-wise details not provided
Displays the count of transactions excluded from GST CMP-08 due to incomplete information.
- Select Information required for generating table-wise details not provided, and press Enter.
- Select any voucher and press Enter to view the reason.
- Press Esc to return to the report and press Ctrl+Enter to view the transaction.
- Enter the missing information or update the incorrect details. On saving the voucher, the transaction will form part of the relevant section of the report.
In case you are making changes while passing the transaction by overriding the details given in the masters, at the time of accepting the voucher, there is an option to accept it without conflicts. If you click on O: Override then the transaction will not go in the uncertain transaction section.
View Voucher Accepted As Valid
In the GST CMP-08 report,
- Press Ctrl+J > select Transactions Accepted as Valid > press Enter.
It displays the list of vouchers that you have accepted as valid and included in the returns. - To move the vouchers out of this list and make the required corrections,
- Press Alt+J (Undo Accept As Is) and press Enter.
The voucher moves to the relevant exceptions.
- Press Alt+J (Undo Accept As Is) and press Enter.
Description of Information Captured in each Section of GST CMP-08
|
Field Name in GST CMP-08 |
Description |
|
Taxable Sales @ x% |
Displays the values of sales, sales returns, increase or decrease in sales recorded with the following details:
|
|
Exempted sales @ x% |
Displays the values of sales, sales returns, increase or decrease in sales recorded with the following details:
|
|
Nil Rated sales @ x% |
Displays the values of sales, sales returns, increase or decrease in sales recorded with the following details:
|
|
Registered Dealer Purchases Liable for Reverse Charge |
Displays the value of total purchases attracting reverse charge, made from registered dealers. |
|
Purchase Taxable @ x% |
Displays the values of transactions under reverse charge – purchase, purchase returns, increase or decrease in purchases recorded with the following details:
|
|
Interstate Purchase Taxable @ x% |
Displays the values of transactions under reverse charge – purchase, purchase returns, increase or decrease in purchases recorded with the following details:
|
|
Unregistered Dealer Purchases Liable for Reverse Charge |
Displays the value of total purchases attracting reverse charge, made from unregistered dealers. |
|
Purchase from Unregistered Dealer @ x% |
Displays the values of transactions under reverse charge – purchase, purchase returns, increase or decrease in purchases recorded with the following details:
|
|
Interstate Purchase from Unregistered Dealer @ x% |
Displays the values of transactions under reverse charge – purchase, purchase returns, increase or decrease in purchases recorded with the following details:
|
|
Import of Services |
Displays the values of transactions under reverse charge – purchase, purchase returns, increase or decrease in purchases recorded with the following details:
|
|
Advance Payments |
Displays the total of advance paid and adjustment made towards advance paid |
|
Advance Paid |
Displays the credit values of GST ledgers selected in journal vouchers recorded with:
|
|
Adjustment of Advance |
Displays the debit values of GST ledgers selected in journal vouchers recorded with:
|
Print Form GST CMP-08 to File Returns
You can print the GST CMP-08 report as a Word document and use it to file returns on the portal.
- Press Alt+G (Go to) > type or search CMP-08 > press Enter.
Alternatively, go to Gateway of Tally > Display More Reports > GST Reports > CMP-08. - Press Alt+P > Return Form > and press Enter.
- Click Print.
The Print Report screen appears as shown:
Details Captured in Word document of Form GST CMP-08
|
Field names |
Description |
|
Financial Year, Quarter, GSTIN, Name |
Displays the details based on the period for which GST CMP-08 is generated, with the company’s GSTIN and Mailing Name. |
|
Outward supplies (including exempt supplies) |
Value Displays the total value of taxable, exempt and nil rated supplies from the Outward Supplies section of GST CMP-08 report.
Integrated tax, Central tax, State/UT tax, Cess Displays the values of tax on sales from the Outward Supplies section of GST CMP-08 report. When the Basis for tax calculation (in Company GST Details screen) is set to: Taxable, the tax will be calculated only on the taxable supplies. Taxable, Exempt and Nil rated values, the tax will be calculated on the total value of taxable, exempt and nil rated supplies. |
|
Inward supplies attracting reverse charge including import of services |
Value Displays the total value of purchases attracting reverse charge from the Inward Supplies on Which Tax is Payable section of GST CMP-08 report.
Integrated tax, Central tax, State/UT tax, Cess Displays the value of tax on purchases attracting reverse charge from the Inward Supplies on Which Tax is Payable section of GST CMP-08 report. |
|
Tax Payable (1+2) |
This field will be left blank. |
Procedure for Filing Form GST CMP-08
You can refer to the following form on the GSTN portal and fill in the necessary fields.
|
Sl. No |
Field Name |
Description |
|
Summary of self-assessed liability (net of advances, credit and debit notes and any other adjustment due to amendments etc.) |
||
|
1 |
Outward supplies (including exempt supplies) |
You can get the details of taxable value, IGST, SGST, CGST, and Cess for outward supplies from GSTR-4, by
The sum of these values should be entered under Outward supplies (including exempt supplies). |
|
2 |
Inward supplies attracting reverse charge including import of services |
You can get the details of taxable value, IGST, SGST, CGST, and Cess for inward supplies from the Inward Supplies section in GSTR-4. |
|
3 |
Tax Payable (1+2) |
This value will be auto-calculated on the GSTN portal. |
Once all the details are entered, save the form and file the returns.
