GSTR-4 Annual return wrongly reported and impacted in negative liability statement

Question BankCategory: Goods & Service Tax (GST)GSTR-4 Annual return wrongly reported and impacted in negative liability statement
Mohamed Abdulla asked 5 months ago

Sir,
I’m wrongly reported amount in Inward supplies attracting reverse charge in CMP-08 and i have paid tax liability as RCM. While filing GSTR-4 annual return, i have mentioned this amount in 0% supply in Table 6. But now i have an issue with this RCM tax as reflected in our negative liability statement and reduce my GST tax liability. How to rectify this mistake?
Kindly help me to resolve this issue

2 Answers
Aditya answered 5 months ago

GSTR-4 (GST return for taxpayer under compounding sheme) , this return was filed quarterly upto FY 18-19 then if any mistake was done in one quarter , it could be rectified in next quarter but w.e.f. FY 19-20, GSTR-4 is filed annually ..and it cannot be revised…Hence any mistake done in this return cannot be revised in next period return.
Hence if any mistake is done in GSTR-4 then it can be rectified in GSTR-9A of same FY. (GSTR-9A is annual return for taxpayer under compounding scheme which is required to be filed upto 31st December of next FY. 

Mohamed Abdulla answered 5 months ago

Dear Aditya,
Thanks for your reply. we have filed GSTR-4 with wrongly. For this wrong, we are having amount in Negative liability statement. Such amount is reducing our tax liability like ITC. But such amount is our liability only. is this possible to report through DRC-03?
 

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