Quarterly return and Annual Return :
The taxable person paying GST under composition scheme is required to file only one return per quarter, within 18 days after end of each quarter – section 39(2) of CGST Act.
Monthly return is mandatory, even if there is no transaction during a month – section 39(8) of CGST Act.
Thus, Nil return is required to be filed even if there are no transactions in a month.
Commissioner can extend date of filing return by issuing notification – section 39(6) of CGST Act.
Further, he is also required to file Annual Return under section 44 of CGST Act.
They do not have to file monthly returns of receipt and supplies of goods/services under sections 37 and 38 of CGST Act.
Quarterly payment of tax – Since tax has to be paid at the time of filing return, registered persons paying tax under composition scheme are required to pay tax on quarterly basis before 20th of month next to the quarter.