GSTR-10
A taxable person who has applied for surrender of GSTIN or whose GST Registration has been cancelled needs to file GSTR-10 or Final return after getting the cancellation order from GST Department. GSTR-10 is a statement of stocks held on the day immediately before the effective date of cancellation.
Due Date for filing GSTR 10
GSTR-10 must be filed within three months from the date of cancellation.
Details to be filled in GSTR 10
- Inputs held in stock (where invoice is available).
- Inputs contained in semi-finished or finished goods held in stock (where invoice is available).
- Capital goods/plant and machinery held in stock.
- Inputs held in stock or inputs as contained in semi-finished /finished goods held in stock (where invoice is not available).
Nil Return
‘Nil’ return can be filed in case there are no inputs held in stock, inputs contained in semi-finished or finished goods held in stock and capital goods/plant and machinery on which input tax credit is required to be reversed or the amount of tax required to be paid back to the Government.
Certificate from practicing Chartered Accountant or Cost Accountant
A Certificate from practicing Chartered Accountant or Cost Accountant has to be uploaded if any details are furnished for Inputs held in stock or inputs as contained in semi-finished /finished goods held in stock (where invoice is not available).
Tax Payment
After paying the Tax, if any, one can file the return using DSC or EVC.
Consequences for not filing GSTR-10 on time
If the GSTR 10 is not filed within the due date, a notice will be sent to the registered person to file the return with all the documents required within 15 days. If the person still fails to file the return, then final order for the cancellation with the amount of tax payable along with interest/penalty.