What is GSTR-10 Final Return ?
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tax_expert
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Goods and Services Tax (GST)
What is GSTR-10?
A taxable person whose GST registration is cancelled or surrendered has to file a return in the form GSTR-10. This return is called a final return.
Details to be provided in GSTR-10
GSTR 10 has a total of 11 sections. Following are the sections which will be auto-populated at the time of system login:
GSTIN
Legal Name
Business or Trade Name
Address for any future correspondence
Effective Date of Surrender/Cancellation
Reference number of Cancellation order
Date of Cancellation Order
Particulars of Closing Stock
Tax payable amount and tax paid
Interest, late fee payable and paid:
Once all the particulars are furnished correctly, the taxpayer is required to sign digitally either through a digital signature certificate (DSC) or Aadhaar based signature verification to authenticate the return.
When is GSTR 10 due?
GSTR 10 must be filed within three months from the date of cancellation or date of cancellation order whichever is later.
What will happen if you won’t file the return?
If the GSTR 10 is not filed within the due date, a notice will be sent to such a registered person. The person will be given 15 days’ time for filing the return with all the documents required. If the person still fails to file the return, the tax officer will pass the final order for the cancellation with the amount of tax payable along with interest or penalty.
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