Notification No. 26/2023 – Central Tax: Extension of Deadline for Filing GSTR-10
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 26/2023 – Central Tax, dated 17th July 2023, extending the deadline for filing the GSTR-10 form from the 30th June 2023 to the 31st August 2023. The GSTR-10 form is a final return that needs to be filed by registered persons whose registration has been surrendered or cancelled.
The extension of the deadline is a welcome move for taxpayers who have not yet filed their GSTR-10 forms. It will give them additional time to complete the filing process and avoid any penalties.
The notification also clarifies that the extension is only applicable to taxpayers whose registration has been surrendered or cancelled. Taxpayers whose registration has been suspended or revoked will still need to file their GSTR-10 forms by the original deadline of 30th June 2023.
The full text of the notification can be found on the CBIC website.
What is the GSTR-10 form?
The GSTR-10 form is a final return that needs to be filed by registered persons whose registration has been surrendered or cancelled. The form must be filed within 3 months of the date of surrender or cancellation of registration.
The GSTR-10 form includes details of all the taxable supplies made by the taxpayer during the period of registration. It also includes details of any input tax credit that the taxpayer has claimed.
What are the penalties for not filing the GSTR-10 form?
Taxpayers who do not file the GSTR-10 form by the due date will be liable to pay a penalty of ₹200 per day. The penalty will be levied for each day of delay, up to a maximum of ₹10,000.
In addition to the penalty, taxpayers who do not file the GSTR-10 form may also be barred from registering for GST in the future.
How to file the GSTR-10 form?
The GSTR-10 form can be filed online through the GST portal. To file the form, you will need to login to the portal using your GSTIN and password.
Once you have logged in, you will need to select the “GSTR-10” form from the list of available forms. You will then need to enter the details of your registration and the details of your taxable supplies.
Once you have completed the form, you will need to submit it for processing. The form will be processed within a few days, and you will receive a confirmation message once it has been processed.
Conclusion
The extension of the deadline for filing the GSTR-10 form is a welcome move for taxpayers. It will give them additional time to complete the filing process and avoid any penalties.
If you have not yet filed your GSTR-10 form, I recommend that you do so as soon as possible. You can find more information about the GSTR-10 form on the GST portal.
