CMP O8 FILING

while filing cmp 08 for Q1 21-22 additional cash required showing nil after adjusting negative tax liability. shall we pay as per turnover .or not
Replies (4)
Quick Summary
This discussion addresses a common issue faced by composition dealers when filing CMP-O8 for Q1 21-22, where additional cash required shows as nil due to negative tax liability adjustments. This often occurs if the GSTR-4 for FY 2020-21 was filed incorrectly, not reporting tax liability in Table 6. The solution involves paying the quarterly tax in the Cash Ledger and then using Form DRC-03 to set off this payment against the negative liability. Instructions for filing DRC-03 are provided.

he taxpayer can file the nil return, if taxpayer not perform the below mentioned activities:

  • Any outward supply(Commonly known as sale)
  • Any liability due to reverse charge (including import of services)
  • Any other tax liability.

 

Dear Vijay
This problem is being faced by every composition dealer who made the mistake in filing their GSTR 4 (Annual return) for Fy 2020-21.
while filing GSTR 4 , for Fy 2020-21 you have Not report the Tax liability in table 6 of GSTR 4 , so the tax deposited for the period (2020-21) will be transferred to Negative Liability Statement.
So those who have not reported the liability in table 6 of GSTR 4 , the liability declare for the year assumed to be NIL & the tax deposited for that year is get transferred to your Negative Liability Statement.

Thus it is adjusting your Qtr liability from Negative Liability Statement.

You should pay the tax in Cash Ledger for the Qtr & file DRC 03 to setoff the same.

HOW TO SETT OFF THROUGH DRC-03??

UNDER SERVICES SELECT -> MY APPLICATION> FROM DROP DOWN SELECT > DRC03 -VOLUNTARY PAYMENT > CLICK ON NEW APPLICATION.

IN WINDOW SELECT THE PERIOD & TAX AMOUNT TO BE SETOFF, SAVE THE DATA, THEREAFTER IT WILL BRING YOU NEW WINDOW . BEFORE CASH LEDGER INPUT THE TAX NEED TO SETOFF & FILE THE RETURN

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Follow