<p>GST Network on Monday said it has launched the facility of filing quarterly returns by SMS for composition taxpayers with 'NIL' liability.</p>.<p>Out of the total of 17.11 lakh taxpayers registered under the Composition Scheme, about 20 per cent or 3.5 lakh taxpayers are NIL return filers.</p>.<p>With this, 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.</p>.<p>"Taxpayers are advised to send SMS in the prescribed format to avail the benefits," GSTN said in a statement.</p>.<p>Goods and Services Tax Network (GSTN), which provides the IT backbone of the GST system, have already provided the facility to file NIL GSTR-3B (monthly summary return filed by normal taxpayers) and NIL GSTR-1, (monthly or quarterly return filed by normal taxpayers to disclose their outward supplies along with their tax liability) to the taxpayers.</p>.<p>With the extension of this facility to composition taxpayers, now over 35 lakhs taxpayers can file NIL returns offline through SMS, GSTN said.</p>.<p>GST composition scheme can be opted by any taxpayer whose turnover is up to Rs 1.5 crore. Under the scheme, manufacturers and traders are required to pay GST at 1 per cent, while it is 5 per cent for restaurants (which do not serve alcohol).</p>
<p>GST Network on Monday said it has launched the facility of filing quarterly returns by SMS for composition taxpayers with 'NIL' liability.</p>.<p>Out of the total of 17.11 lakh taxpayers registered under the Composition Scheme, about 20 per cent or 3.5 lakh taxpayers are NIL return filers.</p>.<p>With this, 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.</p>.<p>"Taxpayers are advised to send SMS in the prescribed format to avail the benefits," GSTN said in a statement.</p>.<p>Goods and Services Tax Network (GSTN), which provides the IT backbone of the GST system, have already provided the facility to file NIL GSTR-3B (monthly summary return filed by normal taxpayers) and NIL GSTR-1, (monthly or quarterly return filed by normal taxpayers to disclose their outward supplies along with their tax liability) to the taxpayers.</p>.<p>With the extension of this facility to composition taxpayers, now over 35 lakhs taxpayers can file NIL returns offline through SMS, GSTN said.</p>.<p>GST composition scheme can be opted by any taxpayer whose turnover is up to Rs 1.5 crore. Under the scheme, manufacturers and traders are required to pay GST at 1 per cent, while it is 5 per cent for restaurants (which do not serve alcohol).</p>