GSTR 10 - Final return under GST
GSTR 10 is a final return that has to be filed by taxpayers who wish to withdraw their GST registration.
What is GSTR 10?
The Goods and Services Tax Return 10 is a one time document/statement that has to be filed by a registered taxpayer whenever they cancel their GST registration or at the time of closing down a business (either voluntarily or because of a government order).
When to file GSTR-10?
This return has to be filed within 3 months from the date of cancellation of GST registration or the date on which the cancellation order was issued, whichever is later.
Prerequisites for filing GSTR-10
- To file the GSTR-10:
- You must be a registered tax payer under the GST with a 15 digit PAN based GSTIN who is now cancelling his/her GST registration.
- The aggregate turnover of your business should be greater than 20 lakh rupees (10 lakh rupees in case of NE India).
How to file GSTR 10?
The GSTR 10 format collects information from taxpayers who opt for the cancellation of GST registration. Let’s take a look at each section in detail.
Note: Fields 1 - 4 will be auto-populated upon logging into the GST portal while the rest have to be furnished by you.
- GSTIN – This field will contain your unique PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN).
- Legal Name - This field should contain the name of the taxpayer.
- Business Name - This field should contain the name of your company/establishment.
- Address - Contains the company address registered under GST (for this GSTIN).
- Application Reference Number (ARN) if any – If your application to cancel your GST registeration has been approved by the tax authorities, then you will be given an ARN and this ARN needs to be specified here.
- Effective Date of Surrender/Cancellation – Here, specify the date of cancellation as given on your cancellation order.
- Whether cancellation order has been passed – Here, you have to specify whether it’s a voluntary cancellation or a cancellation that was forced/ordered by the authorities.
- If Yes, Unique ID of Cancellation order – Here, record the unique ID on your cancellation order (if it’s a forced cancellation).
- Date of Cancellation Order – This section will contain the date of issue of the cancellation order.
- Particulars of Closing Stock – Here you are required to declare the details of your closing stock that you hold at the time of ceasing business along with the details of the input tax credit associated with your closing stock.
- Amount of Tax Payable on Closing Stock – This section contains the details of the tax that you owe on your closing stock (this includes the credit under section 10).
- Verification – Last but not the least, you are required to digitally sign the document declaring the correctness and trueness of the same. You can either use a digital signature certificate (DSC) or Aadhar based signature verification to authenticate the GSTR-10.