File final return in Form GSTR-10 with reduced late fees on or before 31st December 2020

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GST registration cancelled but final return in form GSTR-10 not filed yet? Here is good news for you! 

GST registration cancelled but final return in form GSTR-10 not filed yet?

What is GSTR-10
A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return under section 45 of CGST. If GSTR-10 not filed within time limit prescribed late filing fees of Rs. 200/- per day will be applicable. Read everything about GSTR-10 here. 

In order to provide relief to persons who have cancelled GST registration but not filed final return GSTR-10, CBIC issued notification no 68/2020-Central Tax capping late fees for late filing of GSTR-10.

Maximum late fees payable for GSTR-10 capped to Rs. 500/-
CBIC vide notification no 68/2020--Central Tax dated 21st September 2020 capped late fees payable for delayed filing of Final Return (GSTR-10) to Rs. 500 if such GSTR-10 is furnished between  22th September, 2020 to 31st December, 2020.

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