Final return after GST registration cancellation in form GSTR-10

All about GSTR-10 (Final Return)

Final return under GST in form GSTR-10

Introduction to form GSTR-10: 

A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return under section 45 of CGST. This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective. 

This return is intended to provide details of ITC involved in closing stock (including inputs and capital goods) to be reversed/ paid by the taxpayer.

📌Here are top ten faq's to get insight of GSTR-10

1. What is due date for filing GSTR-10/Final Return?

GSTR-10 should be filed within three months of 
  • date of cancellation or
  • date of order of cancellation of GST registration 
whichever is later

2. Who needs to file Form GSTR-10 GST final return?

Form GSTR-10 is required to be filed by every taxpayer except:

(i) Input Service Distributor
(ii) Non-resident taxable persons
(iii) Persons required to deduct tax at source (TDS) under section 51
(iv) Persons paying tax under section 10 (Composition Taxpayer)
(v) Persons required to collect tax at source (TCS) under section 52

3. Is Final Return and Annual Return same?

No. Annual return has to be filed by every registered person once a year 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.

4. Is it mandatory to file GST final return Form GSTR-10?

Yes, it is mandatory to file Form GSTR-10 in cases when GST registration is cancelled or surrendered.

5. Is it compulsory to Form GSTR-10 even if no transaction/closing stock?

Yes, mandatory even if nil transaction

6. Upon cancellation of registration can taxpayer log in to common portal?

Yes. existing log in credential will remain active for the remaining activities required to be fulfilled after cancellation.

7. Is it possible to revise Form GSTR-10?

Final Return/ Form GSTR-10 cannot be revised once filed.

8. What are the modes of signing Form GSTR-10?

Form GSTR-10 can be signed using EVC (Mobile-Email based OTP) or Pan based class II/III Digital Signature Certificate (DSC)
[For Companies and LLP DSC is mandatory] 

9. Particulars to be furnished in GST final return GSTR-10

Particulars of Closing Stock: The taxpayer needs to furnish details of closing stock held at the time of closing the business. Any amount of credit lying in such stock needs to be paid along with this return. 

This section has a sub-table i.e. Table 10 A – Amount of tax payable on closing stock. As mentioned before, the credit lying in inputs and / or capital goods need to be paid to the administration. This amount is auto-populated based on the declaration of closing stock of goods in Table 10.

10. Is there any penalty or late fees for GSTR-10?

Late filing fees for GSTR-10 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. There is no maximum limit on amount of penalty. Late fees is to be paid to enable filing of your return.

If the GSTR 10 is not filed within the due date, a notice will be sent to the such 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/penalty.

Vide Notification  No .08/2023–CENTRALTAX dated 31st March 2023 CBIC notified amnesty scheme for GSTR-10 Non filers:
Late Fees reduction for pending Final Return GSTR-10: maximum late fees has been now capped at Rs. 1000/- (CGST + SGST), if the pending;GSTR-10 is filed between April 01, 2023 to June 30, 2023
#CA certificate for GSTR-10 final return-Click here

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