What are the Pre-Conditions for Filing Form GSTR-10?

Posted In | Finance | Accounting Software

GSTR-10 is a final return that is required to be filed by taxpayers registered under the Goods and Services Tax (GST) regime in India who have applied for the cancellation of their GST registration. It is a one-time return that contains the details of the supplies made and received, input tax credit availed, and tax paid during the period for which the GST registration was in force. In this article, we will take a closer look at GSTR-10, who can file it, and the pre-conditions for filing this form.

 

 

What is GSTR-10?

GSTR-10 is a final return that is required to be filed by taxpayers who have applied for the cancellation of their GST registration. It consists of the following details:

1. Details of supplies made and received: This includes the details of all the supplies made and received during the period for which the GST registration was in force, such as the name and GSTIN of the supplier/recipient, the value of the supplies, and the applicable GST rate.
2. Input tax credit availed: GSTR-10 includes details of the input tax credit availed by the taxpayer during the period for which the GST registration was in force. Input tax credit refers to the credit that a taxpayer can claim on the GST paid on inputs (i.e., goods or services used in the course of business).
3. Tax paid: GSTR-10 includes details of the tax paid by the taxpayer during the period for which the GST registration was in force, including the GST paid on outward supplies, TCS (tax collected at source) collected, and TDS (tax deducted at source) deducted.

 

GSTR-10 is a one-time return and is required to be filed within three months of the cancellation of GST registration.

 

Who Can File GSTR-10?

GSTR-10 is required to be filed by taxpayers who have applied for the cancellation of their GST registration. This includes taxpayers who have surrendered their GST registration or whose GST registration has been cancelled by the GST authorities.

 

Pre-Conditions for Filing Form GSTR-10

There are certain pre-conditions that need to be fulfilled before you can file GSTR-10. These include:

1. All tax liabilities for the period for which the GST registration was in force must have been paid in full.
2. All returns for the period for which the GST registration was in force must have been filed.
3. All refund claims, if any, must have been finalized.
4. The taxpayer must not have any pending proceedings under the GST law.

 

Frequently Asked Questions: 

1. By when do I need to file the Form GSTR-10?

GSTR-10 is required to be filed within three months of the cancellation of GST registration. This means that if your GST registration has been cancelled, you need to file GSTR-10 within three months from the date of cancellation. For example, if your GST registration has been cancelled on 1st January 2022, you will need to file GSTR-10 by 1st April 2022.

 

2. Can I file Form GSTR-10 after discharging partial liability?

Yes, you can file Form GSTR-10 after discharging partial liability. 

 

3. Is there any late fee levied on filing of GSTR-10 return beyond the due date?

Yes, a late fee is applicable if Form GSTR-10 is filed after the due date. The late fee for filing Form GSTR-10 is specified in the GST laws and regulations and is based on the amount of tax outstanding and the number of days for which the return is filed late. As per the GST laws, the late fee for filing Form GSTR-10 is INR 100 per day, up to a maximum of 0.25% of the outstanding tax liability.