Finance/Compliance Consultant
68251 Points
Posted on 03 July 2026
For GSTR-4, you must report all inward supplies (purchases) as it is a mandatory consolidated annual return. If you see a negative balance in your cash ledger, it is likely due to the "Negative Liability Statement" adjusting for previously declared excess tax; you should view this statement on the portal and are generally advised to deposit any actual tax shortfalls via a fresh challan.