Question ID : 40714

Final Return - GSTR-10

The concern's Order of Cancellation of Registration is issued by the department and now it is required to file Final Return. The reason for cancellation is that, this closed concern was taken over by another concern. The closed concern has utilised all the ITC including ITC on closing stock before the take over. Is it correct to file "NIL" GSTR-10, as the concern do not have any ITC which is required to be reversed and paid back to government, as the closing stock with NIL ITC has been taken over by the other concern.

Answer ID : 80609

As per GST Law the Annual return needs to be filed for closure of GSTIN. In the instant case, practically no ITC balance is left and hence, the same may be reported as NIL which is the actual scenario.

Answer ID : 80610

Yes. Nil GSTR-10 can be filed in this case.

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