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Negative tax liability in gstr 4
while filing gstr 4 in f.y 2019 20 , inadvertently did not fill up table 6, there for negative tax liability arises of rs 17000, after that while filing CMP 08 for f.y 21-22 we have adjusted the negative tax liability by increasing our challlan amount,( BUT TURNOVER KEEP INTACT) mean while govt nullified the negative tax liability departmentally assuming that asseee doing mistake inadvertently , and negative the cash ledger as we have setoff the negative figure by CMP 08. now while filing GSTR 4 for f.y 21 22 , asking for increase turnover. pls suggest me what should I do and what is consequence of increasing turnover as we ready to pay negative amount of cash ledger.
Replies (3)
Quick Summary
Dear Subhankar :
Every Composition Tax-payer who has not furnish the table 6 of GSTR 4 of prev year facing this problem. while filling CMP-08 for the said period , liability being setoff by Negative liability register as it was not allowing to adjust from cash ledger.
Now as on 25/4/2022 , the GSTN has transferred the Negative Liability register balance to Cash ledger due which the Cash ledger is showing negative balance , thus while filling GSTR 4 , it is asking for tax again.
So ii is the problem being face by almost every Composition Dealer , & the only way out is to raise ticket to Helpdesk as I have already visited to department , they himself not aware of the same & asking to contact Helpdesk.
Every Composition Tax-payer who has not furnish the table 6 of GSTR 4 of prev year facing this problem. while filling CMP-08 for the said period , liability being setoff by Negative liability register as it was not allowing to adjust from cash ledger.
Now as on 25/4/2022 , the GSTN has transferred the Negative Liability register balance to Cash ledger due which the Cash ledger is showing negative balance , thus while filling GSTR 4 , it is asking for tax again.
So ii is the problem being face by almost every Composition Dealer , & the only way out is to raise ticket to Helpdesk as I have already visited to department , they himself not aware of the same & asking to contact Helpdesk.
How can one increase the challan amount?
@ rawat sir,
regarding negative liability, the advisory dated 30.04.2022 issued by the GSTN. therein, they advised to file refund for negative liability. However, board has not issued any instruction/Circular/Notification.
Can refund be sanctioned on the basis of GSTN advisory.
Pls clarify.
Thanks
regarding negative liability, the advisory dated 30.04.2022 issued by the GSTN. therein, they advised to file refund for negative liability. However, board has not issued any instruction/Circular/Notification.
Can refund be sanctioned on the basis of GSTN advisory.
Pls clarify.
Thanks
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