What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Assistance with GST registration closure compliance.
- Review of pending GST returns and outstanding tax liabilities.
- Reconciliation of stock, capital goods, and input tax credit where applicable.
- Accurate preparation of the applicable final GST return.
- Identification of tax or credit adjustments arising from cancellation.
- Support with GST cancellation-related notices and queries.
- Better compliance closure and maintenance of final GST records.
How the engagement works
Final GST compliance following cancellation of registration is governed by the applicable provisions of the Central Goods and Services Tax Act, 2017, corresponding State or Union Territory GST laws, GST Rules, and relevant notifications. Where applicable, a registered person whose registration has been cancelled may be required to furnish the prescribed final return, including Form GSTR-10, within the applicable statutory period. Additional requirements may apply regarding stock, capital goods, input tax credit, tax payable, and other matters arising from cancellation.
Scenario 1: A business has permanently discontinued operations and its GST registration has been cancelled or is being cancelled.
Scenario 2: A company has closed a business division and needs to complete the GST compliance associated with cancellation of the relevant registration.
Scenario 3: A taxpayer has received GST cancellation approval and needs assistance with the applicable final return and closure requirements.
Scenario 4: A business has outstanding GST returns or tax liabilities at the time of registration cancellation and requires assistance in completing the pending compliance.
Scenario 5: A taxpayer needs to reconcile stock, capital goods, and input tax credit before completing GST registration closure.
GST Cancellation Status Review
We review the GST registration status, effective cancellation date, cancellation order, pending returns, and other relevant information to determine the applicable closure requirements.
Final Period Reconciliation
We reconcile sales, purchases, input tax credit, tax liability, payments, credit notes, debit notes, and other transactions up to the relevant cancellation period.
Stock & Capital Goods Review
Where applicable, we review stock and capital goods held on the relevant date and assess the GST implications and input tax credit adjustments arising from cancellation.
General questions
01What is a final GST return?
A final GST return is a prescribed compliance filing associated with the closure or cancellation of a GST registration. For applicable taxpayers, this may include Form GSTR-10 along with completion of other pending GST obligations.
02What is GSTR-10?
GSTR-10 is the final return prescribed for a taxpayer whose GST registration has been cancelled or surrendered, subject to the applicable provisions and conditions.
03Who needs to file GSTR-10?
A registered taxpayer whose GST registration has been cancelled or surrendered may be required to furnish GSTR-10, subject to applicable exemptions, conditions, and statutory requirements.
04What information is required for a final GST return?
Information may include details of stock and capital goods held on the relevant date, input tax credit, tax payable, tax payments, pending returns, and other information prescribed under the applicable GST provisions.
05What happens to input tax credit when GST registration is cancelled?
Cancellation may require reversal or payment relating to input tax credit on stock, inputs contained in finished or semi-finished goods, and capital goods, subject to the applicable GST provisions and circumstances.
06Can a final GST return be filed if previous returns are pending?
Outstanding GST compliance may need to be addressed before or as part of the cancellation closure process. The appropriate sequence depends on the taxpayer’s circumstances, cancellation status, and applicable GST requirements.
07Can you help with GST cancellation and final return filing together?
Yes. We can assist with the applicable GST cancellation process, pending compliance review, final period reconciliation, final return preparation, and post-cancellation requirements.
