In view of the spread of pandemic COVID-19 across many parts of India & challenges faced by Taxpayers, the Government vide Notification Nos. 08/2021- Central Tax, 09/2021- Central Tax, 10/2021- Central Tax, 11/2021- Central Tax, 12/2021- Central Tax, 13/2021- Central Tax, 14/2021- Central Tax, 01/2021 – Integrated Tax & 01/2021 – Union Territory Tax dated 1st May, 2021 & 17/2021- Central Tax, 18/2021- Central Tax, 19/2021- Central Tax, 20/2021- Central Tax, 21/2021- Central Tax, 22/2021- Central Tax, 23/2021- Central Tax, 24/2021- Central Tax, 25/2021- Central Tax, 26/2021- Central Tax, 27/2021- Central Tax, 02/2021 – Integrated Tax & 02/2021 – Union Territory Tax dated 1st Jun, 2021 has announced various relief measures for taxpayers under GST Law in form of Reduction in rate of interest, Waiver of Late Fees, Extension of due dates, Amnesty Scheme, Rationalization of Late Fees, Relaxation in ITC Availment as follows:
| Relief Measures | Notification No. | Return/Form Type | Period | Original Due Date | Extended Due Date | ||||||||||
|
Extension of Due Date |
12/2021- CT | Form GSTR – 1 | Apr-21 | 11/05/21 | 26/05/21 | ||||||||||
| 17/2021- CT | May-21 | 11/06/21 | 26/06/21 | ||||||||||||
| 13/2021- CT | IFF (QRMP) | Apr-21 | 13/05/21 | 28/05/21 | |||||||||||
| 27/2021- CT | May-21 | 13/06/21 | 28/06/21 | ||||||||||||
| 10/2021- CT | Form GSTR –4 (Annual Return Composition Dealer) | FY 20-21 | 30/04/21 | 31/05/21
31/07/21 |
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| 11/2021- CT | Form GST ITC – 04
(Job Work) |
Jan To Mar-21 Quarter | 25/04/21 | 31/05/21
30/06/21 |
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| Form GSTR – 3B | Relief in Interest for Nos. of days | ||||||||||||||
|
Reduction in rate of Interest for delayed payment |
|
> Turnover > 5Crs | Mar-21, Apr-21, & May-21 | @ 9% for first 15 days from Due Date
@ 18% thereafter |
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| > Turnover upto 5 Crs (Monthly Filers) | Mar-21
|
@ Nil for first 15 days from Due Date;
@ 9% for next @ 18% thereafter |
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| Apr-21 | @ Nil for first 15 days from Due Date;
@ 9% for next @ 18% thereafter |
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| May-21 | @ Nil for first 15 days from Due Date;
@ 9% for next 15 days; @ 18% thereafter |
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| > Turnover upto 5Crs (QRMP Scheme) | Jan To Mar-21 Quarter | @ Nil for first 15 days from Due Date;
@ 9% for next @ 18% thereafter |
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| Form GST PMT-06 | Apr-21 | @ Nil for first 15 days from Due Date;
@ 9% for next 30 days; @ 18% thereafter |
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| May-21 | @ Nil for first 15 days from Due Date;
@ 9% for next 15 days; @ 18% thereafter |
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| Form CMP-08 (Composition Dealer) | Jan To Mar-21 Quarter | @ Nil for first 15 days from Due Date;
@ 9% for next 45 days; @ 18% thereafter
|
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| Waiver of Late Fees for Nos. of days | |||||||||||||||
|
Late Fees Waiver |
|
> Turnover > 5Crs | Mar-21, Apr-21, & May-21 | 15 days from Due Date | |||||||||||
| > Turnover upto 5Crs (Monthly Filers) | Mar-21 | 30 60 days from Due Date | |||||||||||||
| Apr-21 | 30 45 days from Due Date | ||||||||||||||
| May-21 | 30 days from Due Date | ||||||||||||||
| > Turnover upto 5Crs (QRMP Scheme) | Jan To Mar-21 Quarter | 30 60 days from Due Date | |||||||||||||
| Relaxation ITC availment | 13/2021-CT | Rule 36(4) i.e. 105% Cap on availment of ITC | Apr-21 | Rule 36(4) adjustment for Apr-21, May-21 & Jun-21 on Cumulative basis in GSTR3B of Jun-21 | |||||||||||
| E-Invoice | 23/2021-CT | Issuance of E-Invoice | – | Government Dept. & Local authorities excluded from the requirement. | |||||||||||
| EVC | 27/2021-CT | Form GSTR-3B and Form GSTR-1/IFF | 27th Apr, 21 to 31st Aug, 21 | Companies allowed to furnish GSTR-3B and GSTR-1/IFF using EVC instead of DSC | |||||||||||
| Others
|
|
Completion of Proceeding or passing of order or issuance of notice, intimation, Filing of Appeal, Reply, etc. | 15th Apr, 21 to 29th Jun, 21 | Extension till 31st May, 21 30th Jun,21 | |||||||||||
| Rule 9 (Registrations) – CGST, 2017 actions | 1st May, 21 to
30th Jun, 21 |
Extension till 15th Jun, 21 30th Jun,21 | |||||||||||||
| GST Refund Order u/s 54(5) | 15th Apr, 21 to 29th Jun, 21 | Later of 15 days after the receipt of reply or 31st May, 21 30th Jun,21 | |||||||||||||
| Amnesty Scheme | 19/2021-CT | Form GSTR – 3B | Jul-17 to Apr-21 | Filing Period: 1st Jun, 21 to 31st Aug, 21
|
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| Rationalization of Late Fees for prospective periods | 19/2021-CT | Form GSTR 3B/GSTR1 | Jun- 21 onwards or Quarter ending Jun-21 Onwards |
|
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| 21/2021-CT | Form GSTR – 4 (Composition Dealer) |
|
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| 22/2021-CT | Form GSTR – 7
(Person required to deduct Tax at Source) |
Reduced to Rs.50/- per day (Rs. 25/- CGST + Rs. 25/- SGST)
Maximum of Rs. 2000/- (Rs. 1,000/- CGST + Rs. 1,000/- SGST) |
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*The information contained in this document prepared is for information purpose only. Please consult your professional before making any decision or taking any action using information contained in this document.
Author Bio
With reference to various Notifications issued as discussed above, Goods and Services Tax Network (“GSTN”) has issued update dated June 3, 2021, June 4, 2021 & June 5, 2021 on below :
i) Extension in dates of various GST Compliances for GST Taxpayers
ii) Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1) & (Part2)
iii) Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns
Details can be accessed at https://www.gst.gov.in/ —> News|Updates Section