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Adjustment of negative liability

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Student CA Final
431 Points Posted on 18 July 2021
I am facing the setting off of my F.Y 21-22 liability with negative liability amount which is tax paid for F.Y 19-20 & F.Y 20-21. What may be the steps I need to take to avoid any conflict in future?
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On 18 July 2021 at 14:42 Report
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199 Points Posted on 18 July 2021
CGST AND SGST TAX AMOUNT AND NEGETIVE VALUE ADDED MENTION AFTER CHALLAN PAYMENT ONLY TAX AMOUNT
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On 18 July 2021 at 15:36
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Student CA Final
431 Points Posted on 18 July 2021
Where should I make grievance for it???
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On 18 July 2021 at 15:50
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199 Points Posted on 18 July 2021
How to link it share with u please
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On 18 July 2021 at 15:53
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Student CA Final
431 Points Posted on 18 July 2021
Gautamikonathala @ gmail.com share here
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On 18 July 2021 at 15:54
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199 Points Posted on 18 July 2021
Your mail id will be invalid (https://youtu.be/QYIFZx_O-yI) link open please
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On 18 July 2021 at 16:00
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Chartered Accountant
86505 Points Posted on 18 July 2021
Option 1: Least advisable

Add the liability of previous year 19-20 & 20-21 in CMP-08 of I Qtr.

Option 2. Highly Advisable

Pay the liability of FY 19-20 & 20-21 with Interest through DRC-03 and use negative liability to set off liability of future period.
814 Reply
On 18 July 2021 at 17:06
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Student CA Final
431 Points Posted on 18 July 2021
But I have already liability for respective years at the time of filing CMP 08. Now paying again liability for those yrs...isn't it double payment??
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On 18 July 2021 at 17:13
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Chartered Accountant
86505 Points Posted on 18 July 2021
No as you have not declared such liability in GSTR-4, mention the reason in DRC-03 that paid already in CMP-08 but forgot to declare in GSTR-4.
814 Reply
On 18 July 2021 at 17:35
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Student CA Final
431 Points Posted on 18 July 2021
Thank you so much for suggestion and under which shall I file same in Drc-03
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On 18 July 2021 at 17:47
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Chartered Accountant
86505 Points Posted on 18 July 2021
Voluntarily under Sec 73(5).
814 Reply
On 18 July 2021 at 20:18


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