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GSTR 4 cash ledger negative

04 May 2022

while filling gstr 4 is not allowed to file due to negative liability under cash ledger because pertaining financial year 2019 to 20 not had reported in table 6 of gstr 4 it was show as a negative liability and while making payment in CMP 08 of first quarter of financial year 20-21 added in challan CMP 08 now we not able file GSTR 4 it shows payable apart from payable option if there is any option please update me Or if go to department can solve this?

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3 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 04 May 2022

Dear Deepank

In this regard cbic has released the Advisory.
The balance in Negative liability which has been adjusted while filling CMP 08 for Fy 2020-21 has been transferred to Cash Ledger by department on 25/04/2022 due which there stand negative cash balance in cash ledger , which not allow to file GSTR 4 ,
So in advisory it being stated that you need to deposit the same which enables you to furnish your annual return & any cash deposited by you while filling CMP-08 during the year , can be claimed as refund.