GSTR-10 is a Final Return that needs to be filed by a taxpayer whose GST registration has been cancelled or surrendered. The primary purpose of this form is to provide the government with a consolidated record of input stocks and capital goods held by the taxpayer at the time of registration cancellation.
Unlike GSTR-1 or GSTR-3B, which are periodic returns, GSTR-10 is a one-time return required only upon closure of the business or cancellation of the registration.
The following taxpayers must file GSTR-10:
Exemptions: Composition dealers are not required to file GSTR-10. Instead, they file GSTR-4 or CMP-08.
The objective of filing GSTR-10 is to ensure that the government gets complete information on:
It helps the tax authorities assess any remaining tax dues and ensures proper compliance.
The due date for filing GSTR-10 is:
If your registration was cancelled on 15th June 2024 and the cancellation order was issued on 30th June 2024, then your GSTR-10 must be filed by 30th September 2024.
Filing GSTR-10 is an online process done through the GST portal (www.gst.gov.in):
Once submitted, an Acknowledgment Reference Number (ARN) is generated for tracking purposes.
Failing to file GSTR-10 on time can lead to penalties:
Aspect | GSTR-10 | GSTR-3B (Final Monthly Return) |
---|---|---|
Purpose | Final stock & ITC declaration | Monthly summary of outward/inward tax |
Filing Frequency | One-time | Monthly or quarterly |
Trigger | GST registration cancellation | Ongoing tax liability |
Applicability | On closure of business | During active registration |
Filing GSTR-10 is a crucial compliance step for any business exiting the GST framework. It ensures closure of all outstanding tax matters and prevents future complications. Timely filing not only avoids penalties but also demonstrates responsible tax conduct.
Businesses planning to discontinue operations must proactively complete GSTR-10 filing to stay compliant with GST rules and close their registration in a smooth and legal manner.