November 18, 2021
GSTR 10 is a GST final return filed by taxpayers who would like to withdraw their GST registration.
GSTR 10 is a document that has to be filed by a registered taxpayer when they wish to cancel/ surrender their GST registration at the time of shutting down a business (either voluntarily or due to a government order).
GSTR 10 has to be filed within 3 months from the cancellation of GST registration or the date on which the cancellation order was given, whichever comes first.
GSTR 10 demands to be filed by the taxpayers whose registration of GST has to be canceled or surrendered. The regular taxpayer under GST need not file this return. The following categories of people need to file GSTR 10 :
The annual return must be filed by every registered taxpayer as usual under GST. It has to be filed once a year in GSTR9 FORM. The final return has to be filed by the persons whose registration under GST has been canceled or surrendered in GSTR FORM 10.
Unless GSTR 10 is filed within the due date, a notice would be sent to the registered taxpayer as per the CGST Act and GST rules. He would be allotted for 15 days time to file the return with all the documents required. In case the person fails to file the GST return again, the tax officer would pass a final order for the cancellation with the amount of tax payable in addition to the interest of penalty.