GSTR-10 for GST Final Return Details & FAQs

Explaining GSTR-10 for Finalization, its need during GST registration surrendering or cancellation, timing of the cancellation and other frequently asked questions.

This document covers

Summary
Due date of filing
Late Fee for filing GSTR 10 after due date
Who is required to file
Details to be provided
Quick GST FAQs

1. Summary

Every registered person who is required to file GST returns and whose GST registration has been surrendered or cancelled shall file a final return in form GSTR 10 electronically.

2. Due date of filing GSTR 10

The final return in form GSTR 10 is required to be filed within 3 months from the

Date of cancellation (or)
Date of order of cancellation

Whichever is later.

Example:

If Mr A's effective date of cancellation registration is 18/09/2018 and date of order of cancellation is 28/09/2018, then GSTR 10 is required to be filed within 3 months from the above dates whichever is later i.e., 28/12/2018.

3. Late Fee for filing GSTR 10 after due date

If GSTR 10 is filed post due date, late fee will be applicable. The late fee for filing GSTR 10 after due date is Rs 200 per day (CGST -100 and SGST-100).
However the maximum late fee applicable is Rs 10,000 (CGST-5000 and SGST-5000)

NOTE: Amnesty scheme was introduced vide notification dated 21st September 2020. The maximum penalty for filing GSTR 10 after due date is Rs 500 (CGST-250 and SGST-250). This is applicable only for the returns filed between 22nd September 2020 till 31st December 2020

4. Persons required to file GSTR 10

The final return in form GSTR 10 is required to be filed by every registered taxpayer except the following persons

Input Service Distributor.
Non-resident Taxable Person.
Persons required to deduct tax at source u/s 51.
Persons required to collect tax at source u/s 52.
Person paying tax under Composition scheme.

5. Details to be provided in GSTR 10

The following details are required to be given in GSTR 10

GSTIN, Trade Name, Date of Cancellation and reference number of cancellation number will be auto Populated.
Address for Future Correspondence.
Particulars of certifying Chartered Accountant or Cost Accountant where applicable.
Goods details with invoices from supplier registered under GST: Details of inputs held in stock, inputs contained in semi-finished or finished goods held in stock and capital goods / plant & machinery on which input tax credit is required to be reversed.
Goods without invoices from supplier registered under GSTIN or without GSTIN: Details of inputs held in stock, inputs contained in semi-finished or finished goods held in stock on which input tax credit is required to be reversed.
The Tax payable and paid will be auto populated after entering all the details.

6. Quick GST FAQs

A comprehensive list of frequently asked questions on GSTR-10

1.What is the difference between Final return and Annual return?

Annual Return is required to be filed by every registered taxpayer annually in Form GSTR 9.

Final Return is required to be filed by the persons whose registration has been cancelled or surrendered in Form GSTR 10.

2.Can the taxpayer file nil return in form GSTR 10?

Yes, the taxpayer can file nil return if he has no activity during the tax period.

3.Is it possible to revise GSTR 10?

No, Final return in form GSTR 10 once filed by the taxpayer cannot be revised.

4.Can the taxpayer file GSTR 10 after discharging partial liability?

GSTR 10 will be filed only if all the liabilities are discharged by the taxpayer. Partial discharge of liability is not possible in filing GSTR 10.

5.What are the pre-requisites for filing GSTR 10?

The pre-requisites for filing GSTR 10 are as follows

Valid User Id and Password
The taxpayer should have applied for cancellation of GST registration and order has been issued for cancellation of registration (or) in case of Suo moto cancellation by tax authorities, an order has been issued for cancellation of registration.

6.Can the adjustment of liabilities is allowed for the payment which were made at the time of filing of application for cancellation of GST registration?

Yes, if any amount paid at the time of filing application for cancellation of GST registration, then such amount will be reduced from your liability to be payable at the time of filing of final return in form GSTR 10.

7.Is it mandatory to file GSTR 10 return?

Yes, it is mandatory to file GSTR 10 in case where GST registration is cancelled / surrendered.

In case you come under the compliance to file your Annual GST Returns, speak to Team EZTax.in to know more and help you be tax compliant.