GSTR-10
GSTR-10 is a final return filed by a taxpayer whose GST registration has been cancelled or surrendered. It must be filed within 3 months from the cancellation date, detailing stock and liabilities. This ensures proper closure of the GST account and avoids penalties.
What is GSTR-10?
GSTR-10 is the final return filed by a taxpayer who has cancelled or surrendered their GST registration. It informs the tax authorities about the closure or cancellation of a GSTIN (Goods and Services Tax Identification Number).
Who Should File GSTR-10?
- Taxpayers who have cancelled or surrendered their GST registration.
- Taxpayers who applied for GST registration but were not granted the same.
- Filing is mandatory even if no business activity took place after cancellation.
Key Details in GSTR-10
- GSTIN of the taxpayer
- Date of cancellation or registration
- Reason for cancellation or deregistration
- Name, signature, and contact details of the authorized signatory
Documents Required for GSTR-10 Filing
- Basic taxpayer details: name, address, GSTIN
- Details of Input Tax Credit (ITC) on goods/services held on cancellation date
- ARN (Application Reference Number) of GST registration cancellation
- Effective date of cancellation or surrender
- Unique ID of cancellation order (if issued)
- GST registration cancellation letter from authorities
- Details and tax paid on inputs, semi-finished, and finished goods stock
- Details of GST liability on stock held
- GST payment challans for any tax paid
- Bank account details for refunds (if applicable)
- Any other documents requested by GST authorities
Timeframe for Filing GSTR-10
- Must be filed within 3 months (90 days) of the cancellation or deregistration date.
- Failure to file on time may attract penalties.
Late Fees for Delay in Filing
- ₹100 CGST + ₹100 SGST per day, subject to a maximum of 0.25% of the taxpayer’s turnover.
Advantages of Filing GSTR-10
- Ensures compliance with GST laws and avoids penalties.
- Helps in closing GST registration cleanly, preventing future liabilities.
- Enables claiming or reversing any pending Input Tax Credit (ITC).
- Maintains a good compliance rating for the taxpayer.
Why Choose Easy My Tax Company for GSTR-10 Filing?
- Simple and Fast Process: Our user-friendly platform makes filing GSTR-10 quick and hassle-free.
- Accurate Filing: We ensure all data is validated to avoid errors and rejection.
- Expert Support: Our team of GST professionals is available to assist you with any questions.
- Timely Reminders: Get notified well before the due date to avoid late fees and penalties.
- Affordable Services: Quality GST filing support at competitive prices.
