A taxpayer must submit GSTR-10 if their GST registration has been revoked or relinquished. It is a list of the stocks that these taxpayers owned on the day before the cancellation. It is a single, last return. It must be submitted no later than three months after the cancellation or the cancellation order, whichever comes first.
The prerequisites for submitting Form GSTR-10 are listed below:
1. On the GST portal, taxpayers must have a current User ID and password.
2. Taxpayers ought to have requested the cancellation of their registration, and a cancellation order ought to have been given.
3. An order for cancellation of registration should be issued in the event that tax authorities "suo moto" cancel registration.
Step 1: Log in to the GST portal.
Step 2: Navigate to the GSTR-10 page. Go to Services>Returns>Final Return. Go through the important message, as highlighted below, before clicking on ‘Prepare Online’. The GSTR-10 – Final return page will be displayed as shown below:
Step 3: Update address for correspondence Enter the address and click ‘Save’. A message will pop-up as confirmation.
Step 4: Update the details of Chartered Accountant or Cost Accountant
1. Under "Specifics of certifying Chartered Accountant or Cost Accountant," update the following information about a CA or a Cost Accountant.
2. The firm's name in accountancy.
3. Chartered Accountant or Cost Accountant whose name is on the certificate.
4. Number of the certifying company's membership.
5. The certificate's release date.
6. Scan a copy of the certificate and include it.
7. 'Save CA Details' should be clicked. You'll get a message as confirmation.
Step 5: Fill out the following tiles with information on the items you have on hand (either as semi-finished or finished goods inputs for which ITC has been claimed).
In table 8D, those without invoices. To reverse the ITC already claimed, either under the pre-GST regime or under the GST regime, the details are necessary.
1. Select the 8A, 8B, and 8C - Goods with Invoices tile.
2. Press the 'Add Details' button.
3. From the drop-down list, choose Supplier Registration.
4. As shown in the above image, enter invoice information using any of the two options: GST or Central Excise (CX)/VAT regime. Use the 'Add' button to add each item to the invoice, then click 'Save' to continue.
Invoice/Bill of Entry Number, GSTIN Number, and Invoice/Bill of Entry Date
item information
1. CX/VAT Number
2. Invoice/Bill of Entry Number
a. Invoice/Bill of Entry date
b. Item details
The Tables 8A, 8B, and 8C will be updated with the total number of records, the value of the items, etc., and the taxpayer will be sent to the GSTR-10 dashboard landing page.
Update the information in table 8D, which contains information on items without invoices, in the same manner as described above for changing tables 8A, 8B, and 8C. Next, select "Save." Here, a taxpayer must update the type of goods, description of items, total quantity, and taxable value rather than the invoice details.
The taxpayer will be taken to the GSTR-10 page with the corrected information in Table 8D - details of products without invoices - after the data update is successful.
Step 6: Examine the GSTR-10 form.
After filling out all the fields, select "Preview Draught GSTR-10" to see the Form GSTR-10's draught summary page. Now, a taxpayer can download the summary page and check the information.
Step 7: Pay the fee to submit the Form GSTR-10.
The 'Proceed to file' button should be clicked. The phrase "Proceed to file request has been received" will appear in a pop-up notification. To refresh, click.
The 'Amount of tax payable and paid' tile becomes active as soon as the status of Form GSTR-10 changes to 'Ready to File'. On the tile, click.
The available balance in the cash and credit ledger will be displayed upon clicking the tile.
Case 1: The amount needed to cover the liabilities is less than the available balance in the cash/credit ledger:
In this scenario, a taxpayer can make a portion of the payment by utilising the cash/credit ledger's available balance and the rest portion by selecting "Create Challan." He has the following three payment options:
Online banking
Case 2 of the over-the-counter NEFT/RTGS: The available balance in the cash/credit ledger is greater than or equal to the sum necessary to offset the liabilities
There is no additional cash need in this situation that a taxpayer cannot fully cover with the balance in their cash/credit ledger.
Step 8: Examine the GSTR-10 draught
Before completing a payment, view the form GSTR-10 once more.
Step 9: Submit and submit the GSTR-10 form.
Click "File GSTR-10" after selecting the "Declaration" checkbox and the signatory information from the drop-down list. To continue, select 'Yes' from the pop-up prompt.
The "Submit application" page will then appear. The two filing options are DSC and EVC.
A taxpayer is required to continue to maintain the following records:
1. Register of goods produced
2. Purchase Register
3. Sales Register
4. Stock Register
5. ITC availed
6. Output tax liability
7. Output tax paid
How to Do GST Registration of Partnership Firm?
