Gstr4 annual return in 19-20

This discussion addresses a common issue with the GSTR4 annual return for the 19-20 financial year, specifically concerning dealers registered under the GST composite scheme. The user has paid Rs. 8546/- via CMP-08, resulting in a negative liability of Rs. -4273 CGST and Rs. -4273 SGST. The core question is how to adjust this negative liability within the GSTR4 return. The advice suggests reporting sales figures with applicable tax rates in the outward sales column, which should then zero out the negative liability. It highlights that the mistake might stem from not showing invoices in CMP-08 despite payment, and recommends reporting these sales in Table (6) of GSTR4 to rectify the error.