Q. 307 MY CLIENT IS REGISTERED UNDER COMPOSITION LEVY FOR F Y 2021-22. HOWEVER DURING 4TH QTR, HIS TURNOVER HAS BEEN EXCEEDED BY 1.5CR. EVEN AFTER FILLING CMP-08 REFLECTING EXCEEDED THERESHOULD LIMIT, THE PORTAL IS NOT ALLOWING TO FILE THE FORM CMP-04. PLEASE GUIDE IN THIS REGARD.

Ans. As per notification dated 01.01.2018, turnover in case of traders has been defined as ‘Turnover of taxable supplies of goods”. GST CMP-04 has to be filed within 7 days from the date on which the taxpayer plan to opt out of Composition Scheme or is ineligible to be covered in the scheme.

However if you have applied for Cmp-04 within 7 days and if the portal is not allowing then you have to file a grievance on the GST portal.