GSTR-10 (Final Return)
Quick Answer
GSTR-10 (Final Return) India is a one-time return that must be filed by a registered person whose GST registration has been cancelled or surrendered. This final tax filing is governed under the Central Goods and Services Tax Act, 2017, and is crucial to close the taxpayer's account with the tax authorities.
GSTR-10 (Final Return) — detailed explanation below
Governing Act — GSTR-10 (Final Return) India
GSTR-10 is prescribed under Rule 81 of the Central Goods and Services Tax Rules, 2017, read with Section 39 of the CGST Act, 2017. The return must be filed within three months of the date of cancellation or the date of the order of cancellation, whichever is later.
Government Department & Website for GSTR-10 (Final Return) India
The return is filed electronically on the GST portal (www.gst.gov.in) administered by the Goods and Services Tax Network (GSTN) under the Central Board of Indirect Taxes and Customs (CBIC).
GSTR-10 (Final Return) India Application Process
The process for filing GSTR-10 (Final Return) India involves the following steps:
- Login to the GST portal using valid credentials.
- Navigate to 'Services' > 'Returns' > 'Final Return'.
- Select the financial year and the return period.
- Fill in the required details: outward supplies, inputs held in stock, capital goods, and any tax payable.
- Verify the return using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).
- Submit the return and pay any outstanding tax liability.
Key Forms Required for GSTR-10 (Final Return) India
The primary form is GSTR-10 itself. Additionally, the following documents may be required:
- Details of inputs and capital goods held in stock.
- Invoices for supplies made after cancellation (if any).
- Proof of payment of any tax due.
- Cancellation order from the GST department.
Eligibility Criteria for GSTR-10 (Final Return) India
Any registered person whose GST registration has been cancelled or surrendered must file GSTR-10 (Final Return) India. This includes:
- Taxpayers who have voluntarily surrendered their registration.
- Taxpayers whose registration has been cancelled by the department due to non-compliance or other reasons.
- Persons whose registration is cancelled on account of death, business closure, or transfer of business.
Timeline for GSTR-10 (Final Return) India
GSTR-10 must be filed within three months from the date of cancellation or the date of the order of cancellation, whichever is later. No extension is provided under the law.
Fees for GSTR-10 (Final Return) India
There is no fee for filing GSTR-10. However, any tax liability arising from the return must be paid. Late filing attracts a late fee of Rs. 50 per day (Rs. 25 CGST + Rs. 25 SGST) from the due date.
| Fee Type | Amount |
|---|---|
| Late fee (per day) | Rs. 50 (Rs. 25 CGST + Rs. 25 SGST) |
| Maximum late fee | No upper limit specified |
Frequently Asked Questions
What is GSTR-10 (Final Return) India?
GSTR-10 (Final Return) India is a one-time return that must be filed by a registered person whose GST registration has been cancelled or surrendered. It is the final tax filing to close the taxpayer's account.
Who is required to file GSTR-10 (Final Return) India?
Any registered person whose GST registration has been cancelled or surrendered must file GSTR-10 (Final Return) India. This includes voluntary surrender, cancellation by department, or cancellation due to death or business closure.
What is the due date for filing GSTR-10 (Final Return) India?
GSTR-10 (Final Return) India must be filed within three months from the date of cancellation or the date of the order of cancellation, whichever is later.
What happens if I do not file GSTR-10 (Final Return) India on time?
Late filing of GSTR-10 (Final Return) India attracts a late fee of Rs. 50 per day (Rs. 25 CGST + Rs. 25 SGST) from the due date. There is no upper limit on the late fee.
Can I file GSTR-10 (Final Return) India after the due date?
Yes, GSTR-10 (Final Return) India can be filed after the due date, but a late fee will apply. The return must be filed to complete the cancellation process.
What details are required in GSTR-10 (Final Return) India?
GSTR-10 (Final Return) India requires details of outward supplies, inputs held in stock, capital goods, and any tax payable. Supporting invoices and cancellation order may be needed.
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