GSTR-10 Filing

GSTR-10 is the final return filed by taxpayers whose GST registration has been cancelled or surrendered. It must be filed within 3 months from the date of cancellation order or date of cancellation, whichever is later. It reports details of closing stock and input tax credit reversal.

All taxpayers whose GST registration has been cancelled or surrendered must file GSTR-10, except input service distributors, non-resident taxpayers, OIDAR service providers, and persons paying tax under TDS/TCS provisions. It is the final compliance requirement before exiting GST.

GSTR-10 requires details of closing stock held on the date of cancellation, input tax credit reversal on closing stock, details of tax paid on stock, and any other relevant particulars. It ensures that input tax credit availed on stock is properly reversed.

Non-filing of GSTR-10 attracts a late fee of ₹200 per day (₹100 CGST + ₹100 SGST) subject to a maximum of ₹10,000. It may also result in the cancellation order not becoming effective, and the taxpayer remains liable for compliance.

No, GSTR-10 cannot be revised once filed. It is crucial to ensure accuracy before submission. Any errors may require rectification through other means or may remain uncorrected, potentially affecting compliance records.

GSTR-10 requires reporting closing stock because input tax credit (ITC) would have been claimed on purchases. When registration is cancelled, the taxpayer must reverse the ITC attributable to closing stock or pay tax on it, as they will no longer be able to utilize the credit.

Yes, GSTR-10 is required whether the cancellation is voluntary (surrendered by taxpayer) or involuntary (cancelled by tax officer). It is the final return that completes the compliance cycle for the taxpayer under GST.

Yes, if there is no closing stock and no input tax credit to reverse, a nil GSTR-10 can be filed. This is common for service providers who do not hold inventory. However, the return must still be filed to complete the cancellation process.

After filing GSTR-10, the cancellation process is complete. The taxpayer is no longer required to file regular GST returns. The GSTIN remains in cancelled status, and the taxpayer cannot make taxable supplies unless a new registration is obtained.

ITC reversal is calculated based on the closing stock value and the rate of tax applicable to those goods. The taxpayer must reverse the credit claimed on inputs and input services attributable to the closing stock held on the date of cancellation.