GST - 10
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Table of Content
- GST- 10
- Who needs to file GSTR-10?
- When should it be filed?
- Information to be provided in GSTR-10
GST-10
Who needs to file GSTR-10?
- Any GST-registered business that has voluntarily canceled its GST registration or had its GST registration canceled by the authorities.
- It is filed after the cancellation of GST registration and serves as the final return.
When should it be filed?
- Timeframe: GSTR-10 must be filed within 3 months from the date of cancellation or the order of cancellation, whichever is later.
- Failure to file can result in penalties.
Information to be provided in GSTR-10
- GSTIN of the taxpayer.
- Date of cancellation of GST registration.
- Details of stock held at the time of cancellation of GST registration.
- Details of input tax credit (ITC) claimed on such stock, if applicable.
- Whether the taxpayer has disposed of any goods after cancellation and the taxes applicable to such goods.
- The final GST liability that needs to be settled.
FAQs for GST - 10
Taxpayers whose GST registration has been canceled (voluntary or by authorities).
It must be filed within 3 months from the date of cancellation or the cancellation order, whichever is later.
Non-filing can lead to penalties, interest, and issues with future GST registrations.
No, you must settle the unutilized ITC on stock before cancellation in GSTR-10.
GSTR-10 must be filed within 3 months from the date of cancellation or the cancellation order.
Invoice details of stock, stock list, GST payment on stock, and ITC details.
No, once filed, GSTR-10 cannot be amended. Ensure all details are accurate before submitting.
Log into the GST portal, enter stock details and GST payments, and submit the return.
You may face penalties, late fees, and difficulty in future GST registration.
No, GSTR-10 must be filed only after cancellation of GST registration.
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
