GSTR-10
GSTR-10
GSTR-10 is a final return that must be filed by businesses whose GST registration has been canceled or surrendered. It ensures that all pending liabilities and input tax credits (ITC) are settled before closure.
⏳ Due Date: Within 3 months from the date of cancellation or order of cancellation, whichever is later.
💼 Applicability: Any business whose GST registration is canceled or surrendered, except for tax deductors under Section 51 of CGST Act.
Importance of GSTR-10 Filing
✅ Legal Compliance – Prevents penalties and ensures tax obligations are cleared.
✅ Avoids Heavy Penalties – Late filing incurs fines of ₹200 per day (₹100 CGST + ₹100 SGST).
✅ Settles Pending ITC and Liabilities – Ensures the smooth closure of the GST account.
✅ Prevents Future Legal Issues – Avoids complications with tax authorities.
how we help
Great Support for Funding & Compliance
Documents Required for GSTR-10 Filing
📌 GSTIN of the Taxpayer
📌 Business Closure Date
📌 Details of Stock Held on Cancellation Date
📌 Liabilities & Input Tax Credit (ITC) Details
📌 Electronic Cash & Credit Ledger Balance
📌 Tax Paid Challan (if applicable)
GST Compliance Requirements
✅ Ensures a Smooth Business Exit – Legally close your business tax records.
✅ Prevents GST Non-Compliance Issues – Avoid legal complications in the future.
✅ No Future Liabilities – Settles pending tax obligations.
✅ Saves from High Penalties – Avoids fines for non-filing.
✅ Clears Input Tax Credit (ITC) Balance – Utilizes available ITC before closure.
