Quick Summary
Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative. The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified. All such taxpayers have been informed through email also. Thanking You Team GSTN.
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FAQ :
GSTN has nullified the negative balances in the cash ledgers of some composition taxpayers.
A negative balance occurred due to the reversal of amounts in the cash ledger for certain composition taxpayers.
Yes, the government has decided that the negative balance should be nullified, and it has now been nullified.
All taxpayers affected by the nullification of negative balances have been informed via email.
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