GSTR-10: Final Return

Purpose: To file final return by taxpayers who have cancelled their GST registration.

Due Date: Within 3 months of cancellation of GST registration.

Sections:

1. GSTIN
2. Cancellation details
3. Outward supplies
4. Inward supplies
5. Tax liability
6. Payment details
7. Declaration

GSTR-11: Details of Inward Supplies to be claimed by Unique Identification Number (UIN) holders

Purpose: To file details of inward supplies by UIN holders.

Due Date: 28th of each month.

Sections:

1. UIN
2. Name of the UIN holder
3. Inward supplies
4. Tax liability
5. Payment details
6. Declaration

Key Features of GSTR-10 and GSTR-11:

GSTR-10:

1. Final return to be filed by cancelled GST registration holders.
2. Includes details of outward and inward supplies.
3. Payment of tax liability.

GSTR-11:

1. Filed by UIN holders.
2. Includes details of inward supplies.
3. Claim input tax credit.

Eligibility for Filing GSTR-10 and GSTR-11:

GSTR-10:

1. Taxpayers who have cancelled their GST registration.
2. Taxpayers who have migrated from composition scheme to regular scheme.

GSTR-11:

1. UIN holders.
2. Embassies.
3. United Nations organizations.

Consequences of Non-Filing:

GSTR-10:

1. Penalty: Up to ₹25,000.
2. Interest: 18% per annum.

GSTR-11:

1. Penalty: Up to ₹5,000.
2. Interest: 18% per annum.

References:

1. GST Act, 2017.
2. GST Rules, 2017.
3. CBIC notifications.

Additional Resources:

1. GST portal (gst.gov.in).
2. CBIC website (cbic.gov.in).
3. GST consulting firms.

FAQs:

1. What is GSTR-10 and GSTR-11?
2. Who is eligible to file GSTR-10 and GSTR-11?
3. What are the consequences of non-filing?

For more information on GST & other taxation related topics, visit bizconsulting.io.