One of my friend was running a Propreitary business and a few months ago, he decided to close his business and applied for voluntary cancellation of his RC. The GST council has subsequently cancelled his RC. But, he was not aware of filing Form 10 final return. Only a few days ago, he came to know about this. When he tried to file form 10, the system did not allow, stating that there is a Cash balance of Rs. 520/- ( CGST - 260 and SGST - 260 ) to his credit in the cash ledger. He has no tax liabilities and hence, he applied for refund. Now, the status of the refund is that his account details has been sent to PFMS for validation. The last date to file Form 10 is 12.01.2024. If the refund application does not get processed on or before 12.01.24, is there any other way to file Form 10.
10 January 2024
In my opinion this should not affect Form 10 filing. After due date form 10 can be filed only with late fees. You may take other opinions also.
11 January 2024
Sir, Thanks for your kind reply. Today, I tried once again and filed the return successfully. I could not trace out what has gone wrong earlier. However, the return has been filed and I once again thank you so much for your kind advice. Regards.
CAclubindia
