GSTR-10 Return Filing: Applicability, Late Fees, Due Date, Format & Rules

Every registered taxpayer is required to file GST returns depending upon their type of registration, turnover, and other criteria. GSTR-10 is one of such document used by businesses to file their final GST return. It is used to declare the closure or cancellation of registration of a GSTIN. This document helps to inform the tax authorities about the cancellation of GST registration.

All registered taxpayers must also file GSTR-10 if they have cancelled their registration or have been cancelled by the tax authorities.

GSTR-10 is an essential document for businesses as it helps them to declare the closure or cancellation of registration of GSTIN. It is also important for the tax authorities to keep track of the taxpayers who have cancelled or deregistered their GSTIN.

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What is GSTR 10 Return?

GSTR-10 is a  return required to be filed by every taxpayers who have surrendered or cancelled their GST registration. It is also known as the Final Return. GSTR-10 needs to be filed within 3 Months from the date of cancellation or surrender of GST registration.

GSTR-10 is a one-page document that contains the following details:

• GSTIN of the taxpayer
• Date of cancellation or date of registration
• Reason for cancellation or deregistration
• Signature and name of the authorized signatory
• Contact details of the authorized signatory

Who needs to file GSTR 10 return?

Every taxpayer who has cancelled or surrendered their GST registration must file final return GSTR-10. Even if the taxpayer has yet to conduct any business activities during the period between the date of cancellation and the date of filing GSTR-10, they are required to file the GSTR 10 return.

Which documents are required to file GSTR-10?

Filing of GSTR-10 requires the following documents and details to be furnished:

• Basic details: The taxpayer must provide their name, address, and GSTIN (Goods and Services Tax Identification Number).
• Input Tax Credit (ITC) details: The taxpayer must provide details of ITC availed on goods and services that are in their possession on the date of cancellation or surrender of GST registration.
• ARN of GST registration surrender application: The application reference number (ARN) is produced automatically on the official GST Portal upon the submission of the GST Registration Application.
• Effective Date of GST registration surrender/cancellation: The taxpayer must mention the effective date of cancellation or surrender of GST registration.
• Unique ID of cancellation order: When a cancellation order is passed, the authorities will assign the taxpayer with a unique ID.
• Letter of GST registration cancellation: A copy of the GST registration cancellation letter issued by the GST department.
• Details of Inputs, Semi-Finished Goods, and Finished Goods: Details of any inputs, semi-finished goods, and finished goods held by the taxpayer on the date of cancellation of registration.
• Details of tax paid on Inputs, Semi-Finished Goods, and Finished Goods: Details of tax paid on any inputs, semi-finished goods, and finished goods held by the taxpayer on the date of cancellation of registration.
• Details of stock in possession: Details of any stock in possession of the taxpayer on the date of cancellation of registration.
• GST liability: The amount of GST liability on the stock held by the taxpayer on the date of cancellation of registration. The taxpayer is required to mention the details of any outstanding tax liability, if any, that needs to be paid.
• GST payment challans: Copies of GST payment challans, if any, related to the payment of GST liability.
• Bank account details: The taxpayer must provide their bank account details for any refund that needs to be claimed.
• Other supporting documents: The taxpayer must provide any other supporting documents as required by the GST department.

What is the time frame for filing GSTR 10 return?

GSTR-10 must be filed within 3 months (90 days) of the date of cancellation. If it is not filed within notified timeframe, the taxpayer may be liable to pay the penalty. It is important to note that this GSTR 10 return cannot be filed if the registration has been cancelled due to the order of the tax authorities. In such cases, the taxpayer must file a different return known as GSTR-11.

Penalty for not filing GSTR 10 form on time?

If the taxpayer fails to file GSTR-10 within the due date, they are liable to pay GSTR 10 late fees of Rs.100 CGST and Rs.100 SGST per day, subject to a maximum of 0.25% of the taxpayer’s turnover.

What is the advantages of  filing GSTR-10?

GSTR-10 is a return that needs to be filed by a taxpayer whose GST registration has been cancelled or surrendered. Filing GSTR-10 gives taxpayers access to several advantages.

• Compliance:

  Filing GSTR-10 is a compliance requirement under GST law. Failing to file the return on time can result in paying a GSTR 10 late fees and facing legal consequences.

• Avoid interest and penalties:

  Filing GSTR-10 within the due date helps avoid interest and penalties. If the return is not filed within the due date, a penalty of Rs.100 per day or maximum up to 0.25% of the turnover will be levied.

• Closure of registration:

  Filing GSTR-10 helps in the closure of the registration and avoids any future liabilities. It ensures that all the liabilities are settled before the cancellation or surrender of GST registration.

• Input Tax Credit:

  Filing GSTR-10 helps the taxpayer to claim any input tax credit that has not been claimed or reversed earlier. It is mandatory to claim the credit before filing GSTR-10.

• Compliance rating:

  Filing GSTR-10 on time helps maintain a sound compliance rating, which is vital for businesses in the long run.

Benefits of filing GSTR-10 through DisyTax:

DisyTax is the country’s top online platform for business tax filing and one of the most trusted online platform for filing GST returns. Filing GSTR-10 through DisyTax offers several advantages, making us a preferred choice for taxpayers.

• Convenience: Filing GSTR-10 through DisyTax is a hassle-free process. Our user-friendly platform is simple to use, ensuring that the procedure is carried out efficiently and correctly.
• Accuracy: DisyTax ensures accuracy by validating the data entered in the GST return forms to avoid mistakes when filing the return.
• Time-Saving: DisyTax helps to save time by allowing taxpayers to file their GSTR-10 return with just a few clicks. We send out timely reminders to taxpayers to ensure the return is filed before the due date. Additionally, we ensure the on-time delivery of filing-related documentation.
• Professional Assistance: DisyTax offers round-the-clock support from experienced professionals who are available to assist with any queries or issues related to filing GSTR-10 returns.

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Frequently Asked Questions (FAQs)

What is the deadline for getting registered under GST?

An entity liable to be registered under GST should apply for registration within 30 days of meeting the criteria. Casual taxable persons and non-resident taxable persons are required to be registered under GST prior to commencing business.

Who is the primary authorized signatory?

The primary authorized signatory is the person who is primarily responsible to undertake tasks on the GST portal on behalf of the taxpayer. It could be the promotion of the business or any other trustworthy person nominated by the promoters of the business.

Is PAN mandatory for obtaining GST registration?

Yes. PAN is mandatory for obtaining GST registration. In the case of proprietorship, the PAN of the proprietor can be used. In the case of LLP or Company or Trust or other types of a legal entity, PAN must first be obtained for the entity. However, PAN is not mandatory for the GST registration of foreigners and foreign companies. For non-resident taxable persons, GSTIN with a fixed expiry date will be provided based on the other documents provided to prove existence.

What is the validity of GST registration?

GST registration does not have an expiry date. Hence, it will be valid until it’s cancelled, surrendered or suspended. Only GST registration for non-resident taxable persons and casual taxable persons have a validity period that is fixed by the authorities while issuing the GST registration certificate.

Can a person with no GST registration collect GST?

No, only persons registered under GST are allowed to collect GST from the customers. A person not registered under GST cannot even claim the input tax credit on the GST paid.

What is GSTR-10?

GSTR-10 is a final return required to be filed by taxpayers who have opted for cancellation or whose registration has been cancelled, surrendered or has lapsed.

How does GSTR-10 work?

GSTR-10 works by allowing taxpayers to declare their total tax liability during the period of registration and submit their returns accordingly.

Who needs to file GSTR-10?

Taxpayers who have opted for cancellation or whose registration has been cancelled, surrendered or has lapsed need to file GSTR-10.

When is the due date for GSTR-10?

The due date for GSTR-10 is 30 days from the date of cancellation/surrender of registration.

What information is required to file GSTR-10?

The information required to file GSTR-10 includes details such as the taxpayer’s GSTIN, date of cancellation/surrender of registration and total tax liability during the period of registration.

Is GSTR-10 available online?

Yes, GSTR-10 is available online through the Goods and Services Tax Network (GSTN) portal. DisyTax can help you file GSTR-10 quickly and easily,