Amidst the second wave of covid-19 pandemic throughout the country and complete/partial lockdown already in force in most parts of the country, CBIC comes out with another set of midnight notifications to provide relief to the taxpayers for various GST compliance/returns.
The relief comes in the form of waiving late fees for certain Certain returns and providing conditional reduction in interest on late payment of GST.
CBIC, vide notifications have also relaxed the provisions of Rule 36(4) for the month of April 2021, which could benefit the taxpayers in claiming ITC for the month of April 2021, subject to certain conditions.
Summary of the GST notifications issued by CBIC on 01st May 2021
Prepared by Khakhar and Associates | Nidhi Mistry and Associates – E & O E | rinav@khakharassociates.com
Note: This is not an exhaustive list of the extensions/relaxations. Please refer the relevant notifications issued in case of any doubt and kindly bring to our notice in case of any errors.
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Relevant Notification Links-
| Title | Notification No. | Date |
|---|---|---|
| Relaxations in time limits for completion or compliance under GST law | Notification No. 14/2021- Central Tax [G.S.R. 310(E)] | 01/05/2021 |
| CBIC extends due date for IFF to 28th May & amends rule 36(4) | Notification No. 13/2021- Central Tax [G.S.R. 309(E)] | 01/05/2021 |
| GSTR-1 due date for April 2021 extended to 26th May 2021 | Notification No. 12/2021- Central Tax [G.S.R. 308(E)] | 01/05/2021 |
| CBIC extends due date for filing GST ITC-04 to 31st May 2021 | Notification No. 11/2021- Central Tax [G.S.R. 307(E)] | 01/05/2021 |
| CBIC extends due date for filing GSTR 4 (Composition Scheme) | Notification No. 10/2021- Central Tax [G.S.R. 306(E)] | 01/05/2021 |
| Govt waives Late Fees on delayed filing of March/April GSTR 3B Return | Notification No. 09/2021- Central Tax [G.S.R. 305(E)] | 01/05/2021 |
| Relaxation in GST interest rate for March & April 2021 | Notification No. 08/2021- Central Tax [G.S.R. 304(E)] | 01/05/2021 |
| UTGST: Relaxation in GST interest rate for March & April 2021 | Notification No. 01/2021-Union Territory Tax [G.S.R. 312(E)] | 01/05/2021 |
| IGST: Relaxation in GST interest rate for March & April 2021 | Notification No. 01/2021-Integrated Tax [G.S.R. 311(E)] | 01/05/2021 |
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