GSTN Removes Negative Balance in Cash Ledger

GSTN Removes Negative Balance in Cash Ledger In a major relief to composition taxpayers, the Goods and Services Tax Network (GSTN) removed negative liability/balance from the cash ledger on 8th July 2022. Due to the reversal of the amount in…

Negative Liability Issue in GSTR-4 Filing

 Negative Liability Issue in GSTR-4 Filing Composition taxpayers liable to file Form GST CMP-08 for the quarter April-June 2021 cannot submit before its due date of 18th July 2021. They are facing issues due to negative liability appearing in their…