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Question ID : 44406

Negative Liability GST -Composition scheme - service providers

Sir, I am a Practicing CA under Composition scheme and a Negative liability has arisen due to error in non reporting of the Out put service value in the Annual return 2020.21. The related credit not availed . In order to set off the Negative liability ,I had voluntarily declared higher tax due than the actual tax due in CMP08 of third Quarter 2021.22 .The Actual tax was paid . Annual return for 2021.22 was filed and there was an Error Message in GSTR 4 for 2021.22 ,directing me to declare appropriate Out put service value in consonance with the Tax due shown in CMP 08 third quarter. The said error message occurs even after the GST Dept has adjusted all negative liabilities for all Assessees Pl guide how to solve this issue ?

Posted by A.Jeevanantham on Jan 14, 2023

Filed Under GST

Answer ID : 83879

Error pertaining to one particular year can't get adjusted in nex t year. At best you can file your liability by way of DRC-03. Any way ITC is not available to Composition Scheme. File GSTR 4 as if independent of Prior year liability

Posted by SURAJ KUMAR CHOUDHARY on Jan 18, 2023