Negative liability

I have face negative liability while I am filing CMP-08. anyone have solution about this problem?
Replies (5)
Quick Summary
This discussion addresses the issue of 'negative liability' encountered when filing CMP-08, particularly for composition dealers. It explains that this often arises from errors in the GSTR-4 annual return for FY 2020-21, where tax liability wasn't reported correctly in Table 6. This causes deposited tax to be incorrectly moved to the Negative Liability Statement, which then offsets current quarter tax. The advice is to manually calculate liability, generate a cash challan, and then use the cash ledger to offset the quarterly liability. For those who have already filed CMP-08 by offsetting from the negative liability statement, they should pay tax via cash ledger and then file DRC-03 to rectify.

Please elaborate you querry
Please elaborate in details
I unable to create challan for cmp 08. negative liability show and adjust with current quarter tax.
Dear Ajay
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.
So it is better to compute your liability manually & generate the cash challan for the same then set-off the liability for Qtr from cash Ledger.

Note :
Those who have filed their CMP08 for current Qtr by adjusting liability from Negative Liability statement ,should pay the tax in Cash Ledger for the Qtr & file DRC 03 to setoff the same.
Agreed

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