Negative tax liability in gstr 4

366 views 3 replies

SUBHANKAR MULLICK

ACCOUNTANT

111 Points Joined November 2018

while filing gstr 4 in f.y 2019 20 , inadvertently did not fill up table 6, there for negative tax liability arises of rs 17000, after that while filing CMP 08 for f.y 21-22 we have adjusted the negative tax liability by increasing our challlan amount,( BUT TURNOVER KEEP INTACT) mean while govt nullified the negative tax liability departmentally assuming that asseee doing mistake inadvertently , and negative the cash ledger as we have setoff the negative figure by CMP 08. now while filing GSTR 4 for f.y 21 22 , asking for increase turnover. pls suggest me what should I do and what is consequence of increasing turnover as we ready to pay negative amount of cash ledger.

Replies (3)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Dear Subhankar :
Every Composition Tax-payer who has not furnish the table 6 of GSTR 4 of prev year facing this problem. while filling CMP-08 for the said period , liability being setoff by Negative liability register as it was not allowing to adjust from cash ledger.

Now as on 25/4/2022 , the GSTN has transferred the Negative Liability register balance to Cash ledger due which the Cash ledger is showing negative balance , thus while filling GSTR 4 , it is asking for tax again.

So ii is the problem being face by almost every Composition Dealer , & the only way out is to raise ticket to Helpdesk as I have already visited to department , they himself not aware of the same & asking to contact Helpdesk.

sabyasachi mukherjee

28026 Points Joined May 2017

How can one increase the challan amount?

Vikasanand Gupta

180 Points Joined November 2018

@ rawat sir,
regarding negative liability, the advisory dated 30.04.2022 issued by the GSTN. therein, they advised to file refund for negative liability. However, board has not issued any instruction/Circular/Notification.

Can refund be sanctioned on the basis of GSTN advisory.
Pls clarify.
Thanks