GSTR-10 – Final Return under GST

GSTR-10 is a final return that must be filed under the Goods and Services Tax (GST) regime by a registered taxpayer whose GST registration has been cancelled or surrendered.

Who Should File GSTR-10?

Any person whose GST registration is cancelled or voluntarily surrendered must file GSTR-10, except for:

– Input Service Distributors (ISD)

– Non-resident taxable persons

– Persons paying tax under composition scheme (Section 10)

– Taxpayers under TDS/TCS provisions

Purpose of GSTR-10

The main objective is to ensure that the taxpayer discharges any liability related to stocks held at the time of cancellation, preventing tax evasion on unsold goods.

Due Date for Filing

GSTR-10 must be filed within 3 months from:

– The date of cancellation, or

– The date of cancellation order,

whichever is later.

Details Required in GSTR-10

Key information includes:

– GSTIN and legal/trade name

– Effective date of cancellation

– Date of cancellation order

– Details of closing stock (inputs, semi-finished, finished goods)

– Tax payable on such stock

Penalty for Late Filing

– Late fee: ₹100 per day (CGST + SGST = ₹200 per day), subject to a maximum of ₹10,000.

– Interest may also be applicable on any tax liability.

Steps to file GSTR-10:

1. Login to GST Portal:
   1.1 Go to gst.gov.in
   1.2 Enter your username and password.
2. Navigate to GSTR-10:
   2.1 Click Services → Returns → Final Return → GSTR-10.
3. Prepare the form:
   3.1 Your basic details (like GSTIN, name, date of cancellation) will auto-fill.
   3.2 Fill details like:
   3.2.1 Closing stock of inputs, semi-finished, finished goods.
   3.2.2 Tax payable on such stock.
   3.3 Provide invoice-wise details if required (especially if stock is available).
4. Pay Outstanding Tax (if any)
   4.1 The portal will calculate tax payable.
   4.2 You must pay it through Electronic Cash Ledger before filing.
5. File with DSC or EVC:
   5.1 If you’re a company/LLP → Use DSC (Digital Signature).
   5.2 Others (individuals, proprietors) can use EVC (OTP on mobile/email).
6. Download Acknowledgment:
   6.1 After successful filing, download the ARN receipt for your record.

Important Note

GSTR-10 is not a monthly/quarterly return, but a one-time final return. Non-filing may lead to non-compliance notices and issues with future registrations.