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What is GSTR 10

The Goods and Services Tax Return 10 is a statement document that must be filed by a registered taxpayer. It is a one-time filing that is necessary whenever GST registration is cancelled, and it should be filed at the time of closing down a business.

Who Should File GSTR-10

GSTR-10 must be filed by any persons whose registration under GST has been cancelled or surrendered. The following individuals have to file the GSTR 10 document:

  • Input Service Distributors

  • Non-resident taxable persons 

  • Composition taxable persons

  • 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

When to File GSTR 10

This return must be filed within 3 months from the date of cancellation of GST registration or the date on which the cancellation order was issued, and it must be done on whichever date appears later.

Prerequisites for Filing GSTR-10

The following prerequisites must be followed when filing GSTR 10:

  • One must be a registered taxpayer under the GST. He/she must have a 15 digit PAN based GSTIN who now wishes to cancel his/her GST registration.

  • The business should not generate an aggregate turnover greater than ₹ 20 Lakhs (In the case of NE India, it is ₹10 Lakhs).

How to File GSTR 10 Return

The following is the procedure on how to file GSTR 10 on GST Portal:

Step 1: Visit the official website of GST Portal.

Step 2: Select' Services', click on 'Returns', and then select 'Final Return'.

Step 3: Click on 'Prepare Online' and remember that you have to update the address correctly for further correspondence.

Step 4: Update the Cost Accountant or Chartered Accountant details. The following would be required to fill this section up:

  • Name of the particular accountant who would issue the certificate

  • The membership code of the firm

  • Scanned copy

  • Date of the issued certificate

Step 5: Then, you need to put in details of stock goods that are being held:

  • The ones with invoices are to be filled in 8A, 8B, 8C tables

  • The ones without invoices in the 8D table

How to Fill the Tables for GSTR-1O (8A, 8B, 8C, 8D)

  • Click on the 'Goods with invoices' option.

  • Select 'Add details'.

  • Select the registration of the supplier.

  • Enter the details of the invoice under Central Excise or GST.

Once all of the above mentioned are entered, all you have to do is "Save" and proceed.

Details Needed for the GSTR-10 Invoice

  • GSTIN numbers

  • Bill or invoice of the Entry Number

  • Bill or invoice of the Entry Date

  • Details of the item

Details Needed for CX (Central Excise) or VAT (Value Added Tax) Invoice?

  • VAT (Value Added Tax) or CX (Central Excise) number

  • Bill or invoice of the Entry Number

  • Bill or invoice of the Entry Date

  • Details of the item

After that, the individual would be taken to the dashboard of GSTR-10, with the three tables updated with records and details. Table 8D has to be filled similarly. However, instead of the requirement for details of the invoice, update specifically the description and the types of goods, its entire quantity and its taxable value. When the update is completed, the individual would be taken to the dashboard with the table updated.

Step 6: Preview your GSTR-10 form.

Step 7: Complete the payment for the completion of the procedure.

Step 8: Now, choose the tile that shows the tax payable amount.

There are two possibilities, and here is how to deal with both:

  • Available balance present in credit ledger or cash is lesser than the required amount: In such a case, part payment must be made using NEFT or RTGS or net banking.

  • Available balance present in credit ledger or cash is higher than the required amount: In such a case, the individual can directly and completely pay from within the balance.

Step 9: Finally, preview your draft and submit the GSTR-10 final return. Click on 'Declaration' and then 'File GSTR-10' to proceed.