WHAT TO DO IF COMPOSITION RETURNED FILED FOR THE QTR FOR APRIL TO JUNE 21 BUT WITHOUT DEDUCTION OF GST FROM ELECTRONIC CASH LEDGER. TAX LIABILITY IS 1580/- RETURN FILED BUT STILL CASH BALANCE SHOWING THE LEDGER. WHAT IS REASON FOR THIS TYPE OF RETURNED FILED WITHOUT ADJUSTING CASH LIABILITY. ANY PENALTY LEVIED OR NOT BECAUSE ON THE DATE CASH BALANCE IS STILL SHOWING. PLEASE GIVE ANY VALUEBLE SUGGESTION TO RESOLVE THIS PROBLEM.
17 July 2021
This problem is due to the fact that you may not have filled up table 6 of GSTR-4 for the previous FY which asks us to fill rate wise outward supply. As a result of this , the entire tax paid on sale for the FY as a whole is taken by the system into a negative liability statement which can be viewed on portal. That's why the cash ledger doesn't set off and remains intact. The tax amount on sale is deducted out of negative liability. There is no solution to this problem as of now.
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