Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4

Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4 Background:  Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while GSTR-4 Return is required to be filed on annual basis after end of a financial year.  Reason of Negative Liability in GSTR4:  The liability of the comple…