Negative liability of a tax period :GST COMPOSITION

is maintained in Negative Liability Statement on the portal for composition taxpayers which implies:

• If liability becomes negative in any tax period while filing statement in Form GST CMP-08 or GSTR-4 (Annual), the same is maintained in Negative Liability Statement on the portal. This negative balance available in the negative liability statement will automatically be adjusted against the liabilities of subsequent tax period(s).

• The statement would be accessible post-login, by navigating to Services > Ledgers > Negative Liability Statement. Jaiswal Amrish And Associates

Accounts & Taxation including Digital Signature Administration!!

Corporate office: office no.4 First floor Sanjay complex infront dominoz pizza Near popular medical store PNB Bank Civil line Raebareli-229001