Even if you have you surrendered your GST number or cancelled GST registration, Don’t forget GSTR-10
Even if you have you surrendered your GST number or cancelled GST registration, Don’t forget GSTR- 10.
File GSTR 10 has to be filed within three months from the date of surrender or cancellation of GST registration.
GSTR 10 is basically a stock summary, stating the closing stock held by you preceding the date on which GST number is cancelled.It is also called as final return form.
*Difference between annual return and final return?*
Annual return is to be filled by every registered person once a year in form GSTR 9, while Final return is to be filled by every person who has surrendered his GST number or after his GST registration has been cancelled and it is filed in form GSTR 10.
*Consequences for not filing GSTR 10*
A notice will be served to you and you will be given 15 days time to file it. If you still fail to file the final return then the tax officer will pass the final order of cancellation with the amount of tax payable along with interest and penalty.
Even in case of NIL GSTR 10, Its compulsory even if the facts are such that you have no amount to fill in it then also you will have to file it.
*Filing GSTR 10*
it can be filled in both online and offline mode.
Dont forget GSTR10 compliance even after cancellation.