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Gst query for composite dealer

Kollipara Sundaraiah (B.com) (3003 Points)

23 July 2021

how to proceed ticket may be raised to nullify the amount available in negative liability statement in gst portal for composite dealer.

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2 Replies

Tax Officer (49 Points)
Replied 23 July 2021

Https://youtu.be/wo-0QwR67UU... see the link

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CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 24 July 2021

: If table 6 of GSTR-4 has not been filled due to oversight, a ticket may be raised to nullify the amount available in negative liability statement. If there is no liability to be paid during the year, the liability paid through Form GST CMP-08 shall move to negative liability statement and the same excess amount can be utilised to pay the liability of future tax periods.