Negative liability in gstr4 annual return

01 June 2022

what to do for negative liability coming in gstr4 annual return 2021-2022. challan fir se pay karna hai ki nahi.

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8 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 June 2022

Depends on the reason of negative liability statement

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CA Vinay Kansara (Job) (2 Points)
Replied 01 June 2022

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 02 June 2022

And as per Government circular, you have to firstly pay amount of negative liability thereafter you can file your GSTR-4.

Dhirendra Rawat (25 Points)
Replied 02 June 2022

But challan have been deposited by the firm with cmp08 quarterly return already

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 02 June 2022

But you have used such challan again in other period as Colum 6 of GSTR-4 not filled by you.

Pawan Gupta (401 Points)
Replied 03 June 2022

But we have paid the taxes by increasing our turnover in next fy gstr4

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 03 June 2022

Then you have to apply for refund of same.

CA Aakarsh Jain (CA) (10431 Points)
Replied 03 June 2022

You can contact me if you need any help in gst refund. leaving the details in your inbox

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