GSTN removes Negative Liability/Balance from the Cash Ledger for Composition Taxpayers

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Categories: Important News

The Goods and Services Tax Network (“GSTN”) has removed Negative Liability/Balance from the Cash Ledger for Composition Taxpayers.

Please verify and file the Annual Return in GSTR-4 for Financial Year 2021-22 by July 28, 2022.

“Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative. The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified. All such taxpayers have been informed through email also.”

Source from: https://www.gst.gov.in/newsandupdates/read/546

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