What is Form GSTR-10?
A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return. This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective. This return should be filed within three months of the date of cancellation or date of order of cancellation, whichever is later. This return is intended to provide details of ITC involved in closing stock (including inputs and capital goods) to be reversed/ paid by the taxpayer.
Who needs to file Form GSTR-10?
Form GSTR-10 is required to be filed by every taxpayer except:
(i) Input Service Distributor
(ii) Non-resident taxable persons
(iii) Persons required to deduct tax at source (TDS) under section 51
(iv) Persons paying tax under section 10 (Composition Taxpayer)
(v) Persons required to collect tax at source (TCS) under section 52
What is the difference between Final Return and Annual Return?
Annual return has to be filed by every registered person under GST.Annual return is to be filed once a year in Form GSTR-9.
Final return is required to be filed by the persons whose registration has been cancelled or surrendered in Form GSTR-10
Is it mandatory to file Form GSTR-10?
Yes, it is mandatory to file Form GSTR-10 in cases when GST registration is cancelled or surrendered
Can I file nil return in Form GSTR-10?
Yes, you can file nil return in Form GSTR-10, if facts are so.
By when do I need to file the Form GSTR-10?
In case of cancellation, Final Return in Form GSTR-10 is required to be filed within 3 months from the date of effective date of cancellation or date of cancellation order, whichever is later