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Negative Cash Ledger

26 April 2022

I got a email from gstin about negative liabilities in gstr4 19-20 we forgot to put data in table 6 but we have shown that turnover in gstr4 of 20-21 but now the dasboard is showing minus figureWhat to do please help

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5 Replies

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
Replied 26 April 2022

visit to department with explanation. they will adjust the same

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 26 April 2022

Can also adjust it in your Qtly return & pay the tax for particular Qtr in Cash ledger & set off by by furnishing DRC 03.

Yes , if you got the mail from department , then need to visit department & clarify the same.

Pawan Gupta (401 Points)
Replied 27 April 2022

I have adjusted the same all tax have been paid by me but its showing negative amd asking to pay all the taxes of 19-20 cmp08 i cant pay the tax twice i have raised complain lets see what they are rep

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 27 April 2022

Dear Pawan
Like you many other taxpayer has also deposited the tax & filed DRC 03 , but now all the filed CMP-08 ,the liability setoff against the Negative Credit Ledger being withdrawn by GSTN & same has been debited to Cash Ledger . So while filling GSTR 4 it's asking for the whole year tax , which is already being paid.
Hence it's better to visit the department & make it rectify.