https://www.taxtmi.com/article/detailed?id=9915 When composition taxpayers omit declaring annual tax liability in Table 6 of GSTR-4, the system computes tax payable by offsetting auto-populated CMP-08 credits in Table 5, generating a negative liability (excess tax paid). Omission requires a rectification request to adjust the negative liability, while legitimately excess CMP-08 payments may be carried forward for future tax periods. en-us Mon, 26 Jul 2021 13:49:25 +0530 Mon, 26 Jul 2021 13:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9915 When composition taxpayers omit declaring annual tax liability in Table 6 of GSTR-4, the system computes tax payable by offsetting auto-populated CMP-08 credits in Table 5, generating a negative liability (excess tax paid). Omission requires a rectification request to adjust the negative liability, while legitimately excess CMP-08 payments may be carried forward for future tax periods. Articles Goods and Services Tax - GST Mon, 26 Jul 2021 13:49:25 +0530 https://www.taxtmi.com/article/detailed?id=9915