GST Final Return (GSTR 10)

Under the GST regime, taxpayers are required to file a final return called the GST Final Return when they decide to surrender their GST registration or when their registration is canceled by the authorities. The GST Final Return provides details of all supplies made and received during the period for which the registration was active.

The GST Final Return is filed in Form GSTR-10 on the GST portal. The due date for filing the return is within 3 months of the date of cancellation or surrender of the GST registration.

The taxpayer must provide the following details in the GST Final Return:

Details of all supplies made and received during the period for which the registration was active.

Details of any credit that was availed or reversed during the period for which the registration was active.

Details of any tax liability that arose during the period for which the registration was active.

The amount of tax payable, if any, after adjusting any input tax credit available.

It is important for taxpayers to file the GST Final Return accurately and within the due date to avoid any penalties or interest charges. Failure to file the return or filing an incorrect return may result in the authorities taking further action against the taxpayer. Therefore, it is advisable to seek professional help if necessary to ensure compliance with GST regulations.

Documents Required :

• Login Credentials (Surrender application should be approved and all pending returns should be filed)