GST-Notifications issued on 1st May, 2021 by CBIC for given relief in Pandemic Situation

GST-Notifications issued on 1st May, 2021 by CBIC for given relief in Pandemic Situation

Some notifications issued by the Department to providing relief in current Pandemic Situation (Covid-19) in the country to the taxpayers on 1st May, 2021

Notification No. 08/2021- Central Tax- Relaxation in Interest for the month of March -2021 & April -2021:

Notification No. 09/2021- Central Tax-Waiver of Late Fees for specified taxpayers and specified tax periods:

Notification No. 10/2021- Central Tax-Extension in due date of filling of GSTR-4  (Composition Scheme) for Financial year 20-21 to 31st May, 2021   

Notification No. 12/2021- Central Tax-Extension in due date of filling of GSTR-4  (Composition Scheme) for Financial year 20-21 to 31st May, 2021   

Taxpayers having Turnover Exceeding 5 Crore in Preceding Financial Year

(Big Taxpayers required to file GSTR-3B and GSTR-1 on monthly basis)

PeriodReturn TypeDue DateReturn Filing DateInterestLate Fee
March-21GSTR-3B20-04-2021Till 05-05-20219 % for first 15 daysNil
   After 05-05-20219 % for first 15 days than 18% thereafterRs. 20/50 per day
April-21GSTR-3B20-05-2021Till 04-06-20219 % for first 15 daysNil
   After 04-06-20219 % for first 15 days than 18% thereafterRs. 20/50 per day
April-21GSTR-111-05-2021Till 26-05-2021Not ApplicableNil
   After 26-05-2021Not ApplicableRs. 20/50 per day

Taxpayers having Turnover Upto 5 Crore in Preceding Financial Year

(Small Taxpayers required to file GSTR-3B and GSTR-1 on quarterly basis)

PeriodReturn TypeDue DateReturn Filing DateInterestLate Fee
Jan 21-March-21GSTR-3B22-04-2021Till 07-05-2021Nil for first 15 daysNil
   Between 08-05-2021 to 22-05-20219 % for first 16th day to 30th dayNil
   After 22-05-20219 % for first 16th day to 30th day than 18% thereafterRs. 20/50 per day
April-21IFF13-05-2021Till 28-05-2021Not ApplicableNil

Composition Taxpayers

PeriodReturn TypeDue DateReturn Filing DateInterest
Jan 21-March-21CMP-0818-04-2021Till 03-05-2021Nil for first 15 Days
   Between 03-05-20219 % for first 16th day to 30th day
   After 18-05-20219 % for first 16th day to 30th day than 18% thereafter
Jan 21-March-21GSTR-430-04-202131-05-2021Not Applicable

Notification No. 11/2021- Central Tax-Extension in due date of filling of ITC-04  for Financial year 20-21 to 31st May, 2021:

ITC-04 is a declaration furnishing by the principal manufacturer in respect of the goods dispatched to Job workers for Job Work with certain conditions.

ITC-04 is a quarterly form. It must be furnished on or before 25th day of the month succeeding the quarter. According to the provision for Jan-21 to Mar-21 quarter, the due date is 25th April-21. But in the above notification, this due date of 25th April-21 is extended to 31st May-21.

Notification No. 13/2021- Central Tax-Compliance of Rule36(4) for the month of April-21 deferred till May-21 & IFF for April shall be available till 28th May,21:

The CGST Rule-36(4)restrict taxpayer to claim ITC of 5% of the eligible credit available in respect of invoices or debit notes as per details uploaded by the suppliers.

Now as per this notification ITC claims to 5% of GSTR-2B (Auto populated) in GSTR-3B is relaxed for April 2021. The taxpayer can apply this rule cumulatively for both April-2021 and May -2021 while GSTR-3B for May 2021.

Further this notification extended due date to file IFF for the month of April-2021 by taxpayer opted QRMP scheme open to file originally from 1st May -2021 to 13th May-2021 now extended to 1st May -2021 to 28th May-2021.

Notification No. 14/2021- Central Tax-Extension of dates of various compliances till 31st May-2021:

Notification under section 168A of CGST Act due date of compliance which falls during the period from the 15th April 2021 to 30th May 2021  extended to 31st May 2021.

Exception of above:

  1. On section 39 but except Sub Section(3)- TDS Return u/s 51 (GSTR-7), Sub Section (4)- Return by Input service distributor (GSTR-6) and Sub Section (5)- Non- resident Taxpayer (GSTR-5)

It means the extension is allowed in all three sub sections as mentioned above.

2. Section 68 as far as E-way bill is concerned

3. Section 10 (3) – Composition Scheme shall lapse if turnover exceeds the prescribed limit.

Section 25- Procedure for registration.

Section 27- Provisions related to Casual taxable Person and Non- Resident taxable person

Section 31- Tax Invoice

Section 37- Furnishing details of outwards supplies

Section 47- Levy of Late Fee

Section 50- Interest on delayed payment of Tax

Section 69- Power to Arrest

Section 90- Liability of Partners of the firm to pay tax

Section 122- Penalty for certain offenses

Section 129- Detention, seizure, and release of goods and conveyance in transit.

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