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GSTN update on removal of negative balance in cash ledgers of composition taxpayers
Posted on 08/07/2022
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.
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Jul 8, 2022
Comments
Some assessee has voluntarily declared in CMP o8 in 21.22 an increased Tax due , (higher than the actual due), in order to set off Negative Liability. whether this action of GSTN will cover those cases ?
Jul 9, 2022
Jul 16, 2022
Jul 16, 2022
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