GSTR-10 Return Filing: The Ultimate Guide

GSTR-10 is a crucial return for businesses undergoing GST deregistration. It serves as the final step in the cancellation process, allowing businesses to formally close their GST registration. This return is required to be filed by taxpayers who have surrendered or had their GST registration canceled. It helps ensure that any outstanding tax liabilities are settled, and input tax credits are properly adjusted before deregistration is completed.

The return must be filed within three months (90 days) of the cancellation or surrender of the GST registration. Failure to meet the deadline can lead to penalties, with a fine of Rs.100 per day for both CGST and SGST, subject to a maximum of 0.25% of the taxpayer’s turnover. It’s essential to file GSTR-10 on time to avoid these costs and ensure that all obligations are properly fulfilled.