GSTR-10 Return Filing: Applicability, Late Fees, Due Date, Format & Rules

GSTR-10 is the return to be filed by the registered taxable persons who have opted for the cancellation of the GST registration. A taxable person who opts for cancellation of GST registration has to file a final return under GST law in this form within three months. This article explains all aspects of GSTR-10 in detail.

What is GSTR-10?

A taxable person whose GST registration is cancelled or surrendered has to file a return in the form GSTR-10. This return is called a final return.

GSTR-10 due date: When is GSTR 10 due?

GSTR-10 must be filed within three months from the date of cancellation or date of cancellation order whichever is later.

For instance, if the date of GST registration cancellation is 1st January 2024 and the taxpayer has received the cancellation order on 5th January 2024. Then, the concerned business must file GSTR-10 by 5th April 2024.

GSTR-10 applicability: Who should file GSTR-10?

GSTR 10 is required to be filed only by the persons whose registration under GST has been cancelled or surrendered. Further, all GST taxpayers except the following:

• Input Service Distributors (ISD)
• Composition scheme taxpayers
• Non-Resident Taxable Person (NRTP)
• Persons required to deduct TDS under Section 51 of the CGST Act
• Persons required to collect TCS at source under Section 52 of the CGST Act

Details to be provided in GSTR-10

GSTR 10 has a total of 11 sections. Following are the sections which will be auto-populated at the time of system login:

1. GSTIN
2. Legal Name
3. Business or Trade Name
4. Address for any future correspondence

Below are the sections under which information needs to be furnished:

5. Effective Date of Surrender/Cancellation: Here you need to mention the date of cancellation of GST registration as contained in the order. 
6. Reference number of Cancellation order: Unique ID will be provided by the authorities at the time of passing cancellation order. 
7. Date of Cancellation Order: This will be the date on which the GST registration cancellation order is passed by the authorities.  
8. Particulars of Closing Stock: The taxpayer needs to furnish details of closing stock held at the time business ceases. Any amount of input tax credit lying in such stock needs to be paid along with this return. 
  - 8(a) Inputs in stock (invoice present)
  - 8(b) Inputs in the stock of semi-finished or finished goods (invoice present) 
  - 8(c) Capital goods or machinery in stock
  - 8(d) Inputs in stock or in stock of semi-finished or finished goods (invoice not present)
9. Tax payable amount and tax paid: Give ITC reversal or tax payable as well as paid, and transfer from electronic cash and credit ledgers as per the heads- CGST, SGST, IGST and Cess details.
10. Interest, late fee payable and paid: Give head-wise break up of the interest and late fee payable and paid.
11. Verification: Verify and confirm the correctness of the particulars of the GSTR-10.

Once all the particulars are furnished correctly, the taxpayer is required to sign digitally either through a digital signature certificate (DSC) or Aadhaar based signature verification to authenticate the return.

Points to note while filling up details of stock:

• Where invoices are not present for the declared stock of inputs and inputs contained in semi-finished or finished goods, then the amount must be estimated differently. It will be in compliance with CGST Rule 44(3) at market value. It must be certified by a practising chartered accountant or cost accountant and uploaded along with GSTR-10.
• For declaring the value of capital goods or machinery, a formula is prescribed. It shall be invoice value (minus) value of 1/60th per month or part thereof. This is calculated from the invoice or purchase date by taking useful life as five years.

Format of GSTR-10

What is the penalty for not filing GSTR 10?

If the GSTR 10 is not filed within the due date, a notice will be sent to such a registered person. The person will be given 15 days time for filing the return with all the documents required. If the person still fails to file the return, the tax officer will pass the final order for the cancellation with the amount of tax payable along with interest or penalty.

What is the difference between a final return and an annual return?

Annual return has to be filed by every registered person paying tax as a normal taxpayer under GST. Annual return is to be filed once a year in Form GSTR 9. Whereas Final return is required to be filed by the persons whose registration has been cancelled or surrendered in Form GSTR 10.

For a detailed understanding of the GSTR-10 filing process, read our articles:

• How to file GSTR-10 on the GST portal?
• Steps to file GSTR-10 using the GST offline tool