Legal Darbar provides you the GSTR-10 (Final Return service which is the final return for taxpayers who have cancelled or relinquished their GST registration. It ensures that any outstanding tax liabilities are resolved before entering the GST system.
Who should file legaldarbar.com will tell you?
- Businesses that have either voluntarily or mandatorily can cancelled their GST registration.
- Not suitable for composition taxpayers (who file GSTR-4) or taxpayers changing GSTINs owing to a merger, transfer, or conversion.
- Due date: Within 3 months of cancellation or cancellation order date (depending on which is later).
Legal Darbar provides you the bestest benefits of Filing the GSTR-10:
1. Legal Compliance – Avoids penalties for non-filing and guarantees that businesses close smoothly under GST.
2. Reduces Future Tax Liabilities – Helps in the resolution of outstanding debts and the prevention of future tax complications.
3. Avoids Penalties and Interest: Late filing faces a penalty of ₹100 per day (CGST) + ₹100 (SGST), up to ₹10,000.
4. Clears ITC Liabilities – Makes sure the payback of input tax credit (the ITC) on the final inventory.
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Documents Required for the GSTR-10:
1. GSTIN – The GST registration number.
2. Cancellation Order Copy: An order issued by the GST department.
3. Closing Stock Details- Stock details broken down by invoice and the tax due on closing stock if ITC was claimed earlier.
4. Electronic Credit Register Details – Verify whether an ITC balance exists.
5. Tax Paid Challan- If there is any liability incurred when filing.
6. Any other supporting documents: as asked by the GST officer
Legal Darbar provides you the GSTR-9 (Annual Return) service which is an annual return which includes all GST transactions, such as sales, purchases, ITC, and tax payments, for an annual period. It improves accessibility and compliance with GST requirements.
Who Should File GSTR-9 legaldarbar.com will tell you?
1. Regular Taxpayers:
- Businesses registered under the regular GST system.
- Those who have gave up GSTR-1 and GSTR-3B for the financial year.
2. Turnover-Based Filing:
- Filing is optional for businesses with up to ₹2 crore in turnover.
- If you earn more than ₹2 crore, you must file your taxes.
3. Taxpayers in Special Categories:
- Composition dealers are prohibited from filing GSTR-9A commencing FY 2019-20.
- Input Service Wholesalers, SEZ units, and others as usual.
Legal Darbar will provide you the best benefits of GSTR-9:
1. Combined Overview – Provides a summary of all monthly/quarterly returns filed (GSTR-1 & GSTR-3B).
2.Error Correction – Assists in identifying and correcting errors in earlier filings.
3. Compliance Proof – Acts as an official record, confirming that firms follow GST requirements.
4. An inspection Readiness – Helps in organizations and in preparing for inspections and maintaining reliable financial records.
5. Avoids Penalties – Filing the GSTR-9 on time avoids penalties and legal difficulties.
Documents Requird for GSTR-9:
1. Basic business information: GSTIN (GST Identification Number), Trade Name and Legal Name.
2. Monthly or quarterly GST returns filed: GSTR-1 (Outward Supply Data), GSTR-3B: Tax Summary and ITC stated, For inspection healing, submit GSTR-9C if your turnover exceeds ₹5 crore.
3. Sales and Purchase Data: Sales Invoices and Credit/Debit Notes, Purchase Invoices and Reverse Charge Mechanism (RCM) Details, E-commerce or export sales data.
4. Input Tax Credit (ITC) Details: ITC availed and reversed for capital goods and services, ITC ledger matched with books.
5. Tax Payment and Liability Records: GST challans (if the tax is paid in cash), Late fees or interest paid.
6. Other Reconciliations and Documents: HSN Description of Goods and Services, Amendments to returns, Inventory statements for ITC verification.
FAQs for GSTR-10 and GSTR-9?
GSTR-9, GSTR-9A, GSTR-9B, and GSTR-9C.
The GST annual return (GSTR-9) duedate is December 31st of the following calendar year.
GSTR-9 can be filed online through the GST site by going to the Returns Dashboard, and selecting Annual Return (GSTR-9) for completion.
Regular taxpayers with a turnover over ₹2 crore must submit GSTR-9, with the possible exception of compositional dealers, casual taxpayers, non-resident taxpayers, and Input Service Wholesalers.
Taxpayers whose GST registration is cancelled or abandoned must file GSTR-10 (the Final Return) within 3 months.
GSTR-10 must be submitted within 3 months of the cancellation date of the GST registration.
Yes, you can file GSTR-10 online by choosing Final Return (GSTR-10) from the Returns section, and then upload it through the GST portal.
When a taxpayer cancels their GST registration, they must file the Final Return,
GSTR-10 states as follows:
• Details of the stock
• Unpaid tax dues
• Dues must be paid before submitting.