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Set up a sole GSTR-10

  • A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return. This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective.

10K+ GSTR-10 Firms Registered Since 2020

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Register GSTR-10 Firm Online through Compliance Gurukul

You can easily complete GSTR-10 firm registration online through Compliance Gurukul. For a sole GSTR-10 registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • GSTR-10
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the GSTR-10 firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select GSTR-10 Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

GSTR-10 Return Filing

Every registered taxpayer is required to file GST returns depending upon their type of registration, turnover, and other criteria. GSTR-10 is one such document used by businesses to file their final GST return. It is used to declare the closure or cancellation of registration of a GSTIN. This document helps inform the tax authorities about the cancellation of registration of the GSTIN and the deregistration of the taxpayer.

GSTR-10 must be filed by all taxpayers who have applied for GST registration but have not been granted the same. All registered taxpayers must also file GSTR-10 if they have cancelled their registration or have been cancelled by the tax authorities.

GSTR-10 is an essential document for businesses as it helps them to declare the closure or cancellation of registration of GSTIN. It is also important for the tax authorities to keep track of the taxpayers who have cancelled or deregistered their GSTIN.

What is the time frame for filing GSTR 10 return?

GSTR-10 must be filed within three months (90 days) of the date of cancellation or deregistration. If it is not filed within this timeframe, the taxpayer may be liable to pay the penalty. It is important to note that this GSTR 10 return cannot be filed if the registration has been cancelled due to the order of the tax authorities. In such cases, the taxpayer must file a different return known as GSTR-11.

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Advantages come with filing GSTR-10

GSTR-10 is a return that needs to be filed by a taxpayer whose GST registration has been cancelled or surrendered. Filing GSTR-10 gives taxpayers access to several advantages.

Compliance

Filing GSTR-10 is a compliance requirement under GST law. Failing to file the return on time can result in paying a GSTR 10 late fees and facing legal consequences.

Closure of registration

Filing GSTR-10 helps in the closure of the registration and avoids any future liabilities. It ensures that all the liabilities are settled before the cancellation or surrender of GST registration.

Input Tax Credit

Filing GSTR-10 helps the taxpayer to claim any input tax credit that has not been claimed or reversed earlier. It is mandatory to claim the credit before filing GSTR-10.

Compliance rating

Filing GSTR-10 on time helps maintain a sound compliance rating, which is vital for businesses in the long run.

Documents are required to file GSTR-10

Filing of GSTR-10 requires the following documents and details to be furnished:

  • Basic details: The taxpayer must provide their name, address, and GSTIN (Goods and Services Tax Identification Number).
  • Input Tax Credit (ITC) details: The taxpayer must provide details of ITC availed on goods and services that are in their possession on the date of cancellation or surrender of GST registration.
  • ARN of GST registration surrender application: The application reference number (ARN) is produced automatically on the official GST Portal upon the submission of the GST Registration Application.
  • Effective Date of GST registration surrender/cancellation: The taxpayer must mention the effective date of cancellation or surrender of GST registration.
  • Unique ID of cancellation order: When a cancellation order is passed, the authorities will assign the taxpayer with a unique ID.
  • Letter of GST registration cancellation: A copy of the GST registration cancellation letter issued by the GST department.
  • Details of Inputs, Semi-Finished Goods, and Finished Goods: Details of any inputs, semi-finished goods, and finished goods held by the taxpayer on the date of cancellation of registration.
  • Details of tax paid on Inputs, Semi-Finished Goods, and Finished Goods: Details of tax paid on any inputs, semi-finished goods, and finished goods held by the taxpayer on the date of cancellation of registration.
  • Details of stock in possession: Details of any stock in possession of the taxpayer on the date of cancellation of registration.
  • GST liability: The amount of GST liability on the stock held by the taxpayer on the date of cancellation of registration. The taxpayer is required to mention the details of any outstanding tax liability, if any, that needs to be paid.
  • GST payment challans: Copies of GST payment challans, if any, related to the payment of GST liability.
  • Bank account details: The taxpayer must provide their bank account details for any refund that needs to be claimed.
  • Other supporting documents: The taxpayer must provide any other supporting documents as required by the GST department.

Timelines

A sole GSTR-10 firm registration can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

GSTR-10 FAQ's

An entity liable to be registered under GST should apply for registration within 30 days of meeting the criteria. Casual taxable persons and non-resident taxable persons are required to be registered under GST prior to commencing business.

The primary authorized signatory is the person who is primarily responsible to undertake tasks on the GST portal on behalf of the taxpayer. It could be the promotion of the business or any other trustworthy person nominated by the promoters of the business.

Yes. PAN is mandatory for obtaining GST registration. In the case of proprietorship, the PAN of the proprietor can be used. In the case of LLP or Company or Trust or other types of a legal entity, PAN must first be obtained for the entity. However, PAN is not mandatory for the GST registration of foreigners and foreign companies. For non-resident taxable persons, GSTIN with a fixed expiry date will be provided based on the other documents provided to prove existence.

GSTR-10 is a final return required to be filed by taxpayers who have opted for cancellation or whose registration has been cancelled, surrendered or has lapsed.

GSTR-10 works by allowing taxpayers to declare their total tax liability during the period of registration and submit their returns accordingly.

Taxpayers who have opted for cancellation or whose registration has been cancelled, surrendered or has lapsed need to file GSTR-10.

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