GST Return on cancellation of GST Registration
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.
Who needs to file GSTR-10?
Form GSTR 10 is required to be filed only by those persons whose registration under GST has been cancelled or surrendered. Following persons are not required to file this Final Return:
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List of contents of GSTR-10
Requisite documents for GSTR-10 filing
– Address details for future communication
– Last month’s filed GSTR-3B
– Profit and Loss Account
– Balance sheet
By when should the GSTR-10 be filed?
GSTR 10 must be filed within three months from the date of cancellation or date of cancellation order whichever is later.
Step by Step Procedure of filing of Annual Return
Penalty for non filing of 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.
Yes, it is mandatory to file Form GSTR-10 in cases when GST registration is cancelled or surrendered.
You cannot file Form GSTR-10 without discharging full liabilities as declared in this Return.
You can file Form GSTR-10 using DSC or EVC.
Digital Signature Certificate (DSC) Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. A digital certificate can be presented electronically to prove one’s identity, to access information or services on the Internet or to sign certain documents digitally. In India, DSC are issued by authorized Certifying Authorities.
Electronic Verification Code (EVC) The Electronic Verification Code (EVC) authenticates the identity of the user at the GST Portal by generating an OTP. The OTP is sent to the mobile phone number of the registered mobile phone of Authorized Signatory filled in part A of the Registration Application.