In order to know how to file GSTR-10, it must be filed by a taxpayer whose GST registration has been cancelled or surrendered.
It is a list of stocks held by such taxpayers on the day before the date of cancellation. It's a one-time-only final return.
It must be filed within three months of the cancellation date or the cancellation order, whichever is later.
GSTR-10 filing requirements
The following are the prerequisites for knowing how to fill GSTR-10:
Taxpayers must have a valid User ID and password on the GST portal.
Taxpayers should have applied for cancellation of registration, and a cancellation order should have been issued.
In the event of a 'suo moto' cancellation of registration by tax authorities, an order for cancellation of registration should be issued.
Step-by-step instructions for submitting GSTR-10 via the GST portal:
Step 1: Access the GST portal.
Step 2: Open the GSTR-10 page.
Navigate to Services>Returns>Final Returns.
Before clicking on 'Prepare Online,' read the important message highlighted below.
The GSTR-10 - Final return page will appear.
Step 3: Update the correspondence address
Enter the address and press the 'Save' button.
As confirmation, a message will appear.
Step 4: Update the Chartered Accountant or Cost Accountant information.
- The following information is required for a GST invoice:
- Under 'Particulars of certifying Chartered Accountant or Cost Accountant,' update the following CA or Cost Accountant details.
- The accounting firm's name.
- The Chartered Accountant/Cost Accountant who is issuing the Certificate.
- The certifying firm's membership number.
- The date the certificate was issued.
- Please include a scanned copy of the certificate.
- Select 'Save CA Details'.
- As confirmation, a message will appear.
In the following tiles, enter the details of goods held in stock (either as inputs in semi-finished/finished goods on which ITC has been claimed):
Those who have invoices - Tables 8A, 8B, and 8C
Those who do not have invoices- See table 8D
The information is required to reverse the ITC claimed previously, whether under the pre-GST regime or the GST regime.
Filling tables 8A, 8B, and 8C: 1. Select the tile 8A, 8B, and 8C - Goods with invoices.
Select 'Add Details'.
Choose Supplier Registration from the drop-down menu.
GSTR-10 4. Enter invoice details under either the GST or the Central Excise (CX)/VAT regime, as shown in the above image.
After adding all of the items to the invoice with the 'Add' button, click 'Save' to continue.
The following information is required for a GST invoice:
- GSTIN Invoice/Bill of Entry Number GSTIN Invoice/Bill of Entry Date
- Particulars of the item
- In the case of a Central Excise/VAT invoice, GSTR-10 details are required.
- CX/VAT Code
- Number of Invoice/Bill of Entry
- Date of Invoice/Bill of Entry
- Particulars of the item
- The taxpayer is redirected to the GSTR-10 dashboard landing page, and Tables 8A, 8B, and 8C are updated with the total number of records, the value of goods, and so on.
- completing table 8D
- In the same way that tables 8A, 8B, and 8C were updated, update the details in table 8D - details of goods without invoices.
- Then press the 'Save' button.
- In this case, a taxpayer must update the type of goods, description of goods, total quantity, and taxable value rather than updating the invoice details.
- The taxpayer will be directed to the GSTR-10 page with updated details in Table 8D - details of goods without invoices if the data is successfully updated.
Step 6 of GSTR-10:
Preview the Form GSTR-10
After entering all the information, click 'Preview Draft GSTR-10' to view the Form GSTR-10 draft summary page.
A taxpayer can now download the summary page to double-check the information.
Step 7: Pay the filing fee for Form GSTR-10.
- Select the 'Proceed to file option.
- The message 'Proceed to file request has been received will appear.
- Refresh the page.
- When the status of Form GSTR-10 changes to 'Ready to File,' the 'Amount of tax payable and paid' tile becomes active.
- Select the tile by clicking it.
- When you click the tile, the available balance in the cash and credit ledgers will be displayed.
There are two possibilities here:
Case 1: The available cash/credit ledger balance is less than the amount required to offset the liabilities:
In this case, a taxpayer can make a partial payment using the available balance in the cash/credit ledger and the remainder by clicking 'Create Challan.'
He can pay using one of the three methods listed below:
Case 2: The available balance in the cash/credit ledger is greater than or equal to the amount required to offset the liabilities:
In this case, there is no additional cash requirement that a taxpayer can pay entirely from the cash/credit ledger balance.
Step 8: Examine the draught GSTR-10.
Before making payment, review the draught GSTR-10 once more.
Step 9: Submit and file the GSTR-10 Form
- Check the 'Declaration' checkbox, enter signatory information from the drop-down list, and then click 'File GSTR-10.'
- To proceed, click 'Yes' on the pop-up message.
- The 'Submit application' page will then appear.
- DSC or EVC can be used to file.
Records to be kept after the cancellation
A taxpayer must continue to keep the following records:
- Product register
- Purchase Register
- Purchase Register
- Sales Register
- Stock Register
- ITC available
- Liability for output taxes
- Output tax paid
1. What exactly is Form GST ASMT-10?
Form GST ASMT-10 is a notice issued under Section 61 of the Central Goods and Service Tax Act, 2017 [hereinafter referred to as "CGST Act"] and Rule 99 of the Central Goods and Service Tax Rules, 2017 [hereinafter referred to as "CGST Rules"] informing the taxpayer of discrepancies in the GST returns filed by the taxpayer and seeking an explanation for the same.
2. What steps should be taken if you receive a notice in GST Form ASMT-10?
A) Scenario 1: The taxpayer disagrees with the errors listed on GST Form ASMT-10.
In this case, the taxpayer must respond in GST Form ASMT-11, explaining the reason for the discrepancies.
For example, if the taxpayer received an ASMT-10 informing them of discrepancies between their tax liability as reported on GSTR 1 and GSTR 3B.
In this case, the tax liability reported in GSTR 1 exceeds the liability paid in GSTR 3B.
The taxpayer must identify the month in which there is a difference between GSTR 1 and GSTR 3B, identify the invoices reported in GSTR 1 but not paid in GSTR 3B, and explain why.
If the tax on the missing invoices was paid later, please share the workings that explain why.
B) Scenario 2: The taxpayer accepts the discrepancies listed on GST Form ASMT-10.
If the taxpayer accepts the discrepancies listed in GST Form ASMT-10, he must pay the tax, as well as any interest and penalties, and notify the appropriate officer in Form GST ASMT-11.
3. How to file the GST ASMT-10 notice?
To obtain the GST ASMT-10, follow the steps below:
- Go to the GST portal (https://services.gst.gov.in/services/login) and sign in.
- Navigate to "Services."
III. Navigate to "User Services."
- Select "View more notices and orders."
4. How many days does the taxpayer have to file a replay in GST ASMT-11?
According to Section 61 of the CGST Act, the taxpayer must file a response within 30 days of being notified, i.e., 30 days from the date of receipt of the notice. The GST ASMT-10, on the other hand, specifies the deadline for filing a response