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

25/2021- CT

Form GSTR –4 (Annual Return Composition Dealer) FY 20-21 30/04/21 31/05/21

31/07/21

11/2021- CT

26/2021-CT

Form GST ITC – 04

(Job Work)

Jan To Mar-21 Quarter 25/04/21 31/05/21

30/06/21

     
    Form GSTR – 3B Relief in Interest for Nos. of days
 

 

 

 

 

Reduction in rate of Interest for delayed payment

 

 

 

 

 

08/2021-CT

01/2021 IT

01/2021 –UT

18/2021-CT

02/2021 -IT

02/2021-UT

 

> Turnover > 5Crs Mar-21, Apr-21, & May-21 @ 9% for first 15 days from Due Date

@ 18% thereafter

> Turnover upto 5 Crs  (Monthly Filers) Mar-21

 

@ Nil for first 15 days from Due Date;

@ 9% for next 15 45 days;

@ 18% thereafter

Apr-21 @ Nil for first 15 days from Due Date;

@ 9% for next 15 30 days;

@ 18% thereafter

May-21 @ Nil for first 15 days from Due Date;

@ 9% for next 15 days;

@ 18% thereafter

> Turnover upto 5Crs (QRMP Scheme) Jan To Mar-21 Quarter @ Nil for first 15 days from Due Date;

@ 9% for next 15 45 days;

@ 18% thereafter

Form GST PMT-06 Apr-21 @ Nil for first 15 days from Due Date;

@ 9% for next 30 days;

@ 18% thereafter

May-21 @ Nil for first 15 days from Due Date;

@ 9% for next 15 days;

@ 18% thereafter

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

 

      Waiver of Late Fees for Nos. of days
 

Late Fees Waiver

 

 

09/2021-CT

19/2021-CT

> 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

27/2021- 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

 

 

 

14/2021-CT

24/2021-CT

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

Nil Tax Liability Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)
Other Cases Rs. 1000/- (Rs. 500/- CGST + Rs. 500/- SGST)

 

Rationalization of Late Fees for prospective periods 19/2021-CT

20/2021-CT

Form GSTR 3B/GSTR1 Jun- 21 onwards or Quarter ending Jun-21 Onwards
Nil Tax Liability Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)
Other Cases with -Annual Aggregate Turnover as per table:
Upto 1.5 Cr Rs. 2,000 (Rs. 1,000 CGST + Rs. 1,000 SGST)
1.5 Cr to 5 Cr Rs. 5,000 (Rs. 2,500 CGST + Rs. 2,500 SGST)
> 5 Cr Rs. 10,000 (Rs. 5,000 CGST + Rs. 5,000 SGST
21/2021-CT Form GSTR – 4 (Composition Dealer)
Nil Tax Liability Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)
Other Cases Rs. 2,000/- (Rs. 1,000/- CGST + Rs. 1,000/- SGST)

 

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)

*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

Qualification: CA in Practice
Company: H P J & Co Chartered Accountants
Location: Pune, Maharashtra, India
Member Since: 27 Mar 2021 | Total Posts: 5
CA Harshal Jain is a member of Institute of Chartered Accountants of India with 8 years standing in the Profession. He has wide experience in the field of Accounting, Audit & Assurance, Income Tax, Goods and Services Tax (GST). He had been associated with leading Private Sector Bank for it View Full Profile

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One Comment

  1. CA Harshal Jain says:

    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

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