Who Needs Gstr 10?

Is Gstr 10 mandatory?

GSTR 10 is required to be filed only by the persons whose registration under GST has been cancelled or surrendered.

The the regular persons registered under GST are not required to file this return..

What is the penalty for not filing Gstr 10 on time?

Regarding Late fee applicable on FORM GSTR-10, Section 47(1) of the CGST Act states that if a registered person fails to file the required time in the prescribed due time then the person has to pay a late fee of ₹ 100 for each day such failure continues.

Is Gstr 10 applicable for composition scheme?

Form the Combined Reading of Section 39 and Section 45, we can conclude that GSTR 10 i.e. Provision of Final Return are not applicable the person paying tax under section 10 (Popularly known as Composition Scheme).

Who can file Gstr 4?

GSTR-4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR 4 once in a year by 30th of April, following a financial year.

How do I file a Gstr 10?

Here are the steps to create and file details in Form GSTR-10.Step 1: Login to the Portal. … Step 2: Enter the Credentials. … Step 3: Click Final Return. … Step 4: Click Prepare Online. … Step 5: Enter the Address. … Step 6: Click Save. … Step 7: Enter Chartered Accountant or Cost Accountant Details.Step 8: Attach the Documents.More items…

What is eligibility for getting ITC?

Documents/Conditions for taking ITC: The goods must have been received or service must have been taken. 3. A buyer must have paid the value of invoice along with the tax to the supplier of goods or services or both within a period of 180 days from the date of invoice.

Is it compulsory to file GST return?

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return. You cannot file a return if you do not file previous month/quarter’s return. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

Who needs Gstr 9a?

Who is Required to File GST Return 9A?The business must have an annual turnover of less than Rs. 1 crore. ( For North Eastern states the Annual Turnover must be less than Rs. 75 lakh) … Composition dealers must keep details of all quarterly transactions (including imports and purchases) for the current Financial Year.

Is it required to file Gstr 9 when Gstin Cancelled?

Yes, the annual return needs to be filed even if the taxpayer has got his registration canceled during the mentioned financial year. Should one file form GSTR-9 return at the entity level or GSTIN level?

How many Gstr forms are there?

Generally, a regular business has to file 2 monthly returns (GSTR-1 & GSTR-3B) and 1 annual return (GSTR-9), thereby making a total of 25 GST returns in a year. Please note that composition dealers are required to file GST via different forms.

What is the late fee for Gstr 4?

Rs.50 per dayIf your GSTR 4 is not filed by the due date, you are liable to pay a late fee of Rs. 50 per day post the GSTR 4 due date or Rs. 20 per day in case of a nil return, up to a total of Rs. 5,000.

Why GST gets Cancelled?

The registration granted under GST can be cancelled for specified reasons. The cancellation can either be initiated by the department or the registered person or the legal heirs in case of death of registered person. … In this article, we will discuss about the process of cancellation & revocation of GST Registration.

What if Gstr 10 is not filed?

If a taxpayer fails to file final GST Return, then a notice for not filing the final return will be sent to that registered person. Later, the taxpayer would be provided a 15 days period for filing the return along with all the documents.

Can we file GST return after cancellation?

Ans: Please note that, when GST is cancelled then you have to file GST Final Return within 3 months of GST Cancellation, in which you have to provide detail of Stock in hand and input availed on that and has to pay GST Liability before filing of final return.

What happens if Gstin is Cancelled?

Procedure. A registered person can submit an application for revocation of cancellation, in FORM GST REG-21, if his registration has been cancelled suo moto by the proper officer.