Final Return (GSTR 10)

Taxpayers, whose GST Registration has either been surrendered by the them or has been cancelled by authorities are required to file GSTR 10. This return is also called as Final Return, which is completely different from Annual Return ie. A Taxpayer has to file GSTR 9 (Annual Return) every year in accordance with the quarterly returns filed by him throughout the Financial Year.

Who does not need to file GSTR 10

The following Taxpayers need not required to file GSTR 10:
 

1. Input Service Distributor


2. Non-resident taxable persons


3. Persons required to deduct TDS u/s 51


4. Persons paying tax u/s 10 (Composition Taxpayer)


5. Persons required to collect TCS u/s 52





 
6.  
7.  

Information to be provided in the GSTR-10 return.

• GSTIN of the taxpayer


• ARN of GST registration surrender application


• Effective Date of GST registration surrender/cancellation (DD/MM/YYYY)


• If GST cancellation order has been passed


• Unique ID of the cancellation order


• Date of Cancellation Order (DD/MM/YYYY)


• Closing Stock held on the date of GST registration surrender or cancellation


• Inputs in semi-finished goods


• Inputs in finished goods


• Input services


• Capital goods


• Amount of tax payable on closing stock







 
•  
•  
• The penalty for Late Filing of GSTR 10
  
  The provisions for a late filing of GSTR-10 are a bit lenient as compared to other returns. In case of a late-filing of GSTR-10, a notice is issued to the corresponding taxpayer giving them a time period of 15 days to file the return. In case taxpayers fail to comply with the 15-day extension, tax officers will pass the cancellation order and issue the amount of payable tax with interest/penalty.