Final return in GST
Notification No. 21/2018 – Central Tax
Central Board of Indirect Taxes and Customs on 18th April 2018 vide Notification No. 21/2018 – Central Tax notified the FORM GSTR-10 for furnishing Final return in GST.
Who is required to furnish the Final return in GST?
As per section 45, of THE CENTRAL GOODS AND SERVICES TAX ACT, 2017, every registered who is required to furnish the return under sub-section (1) of section 39 i.e. GSTR3 and whose registration has been cancelled shall furnish a final return within three months of the date of cancellation or date of order of cancellation, whichever is later.
How to furnish the final return in GST?
Every registered person required to furnish a final return under section 45, shall furnish such return electronically in FORM GSTR-10through the common portal either directly or through a Facilitation Centre notified by the Commissioner
Who is not required to furnish the Final return in FORM GSTR10?
This form is not required to be filed by taxpayers or persons who are registered as:-
(i) Input Service Distributors;
(ii) Persons paying tax under section 10;
(iii) Non-resident taxable person;
(iv) Persons required to deduct tax at source under section 51; and
(v) Persons required to collect tax at source under section 52.
Download the Information Booklet by TaxGrid on Final return to read all the provisions at one place. Click here to download or read below.
Leave a Reply