In a bid to provide relief to COVID-19 hit businesses, the finance ministry had on 1st May, 2021 notified nine changes in the compliance requirements under the Goods and Services Tax (GST) regime. This includes extension of the deadline for filing GST returns, reduced quantum of late fee, and even late fee waiver in some cases for the months of March and April 2021.
1. Waiver of Late Fees for delayed filing of GSTR 3B Return for the month of March & April 2021 [Notification No. 9/2021-CT dated 1st May 2021]:
Late fees for delayed filing of GSTR-3B return has been waived for different classes of taxpayers as under:
Turnover Exceeding Rs 5 Crs in Preceding FY (Monthly) – GSTR 3B
|Month||Date without late fees||NIL Interest||9% Interest||18% Interest|
|March 2021||5th May 2021||Not Applicable||If filed till 5th May||Filed post 5th May|
|April 2021||4th June 2021||Not Applicable||If filed till 4th June||Filed post 4th June|
Turnover up to Rs 5 Crs in Preceding FY (Monthly) – GSTR 3B
|Month||Date without late fees||NIL Interest||9% Interest||18% Interest|
|March 2021||20th May 2021||If filed till 5th May||6th May to 20th May||Filed post 20th May|
|April 2021||19th June 2021||If filed till 4th June||5th June to 19th June||Filed post 19th June|
Turnover up to Rs 5 Crs in Preceding FY (Quarterly – QRMP Scheme) – GSTR 3B
|Quarter||Date without late fees||NIL Interest||9% Interest||18% Interest|
|Jan – Mar 2021 (Catagory1- States)||22nd May 2021||Till 7th May 2021||8th May to 22nd May||Filed post 22nd May|
|Jan – Mar 2021 (Catagory2- States)||24th May 2021||Till 9th May 2021||10th May to 24th May||Filed post 24th May|
In terms of Notification No. 12/2021-CT dated 01.05.2021, the due date for filing statement of outward supplies in FORM GSTR-1 for the month of April 2021 is extended to 26th May 2021.
Further by virtue of Notification No. 13/2021-CT dated 01.05.2021, the due date for furnishing details of outward supplies for the month of April 2021 is extended to 28th May 2021.
Waiver of late fees for filing of GSTR 1, IFF and GSTR 4
|Return||March 2021||April 2021|
|GSTR 1||Not Applicable||26th May 2021|
|IFF||Not Applicable||28th May 2021|
3. Extension in due date for furnishing return by composition taxpayers [Notification No. 10/2021-CT dated 1st May 2021]:
The due date for furnishing return by composition taxpayers on an annual basis in FORM GSTR-4 for the FY 2020-21 has been extended till the 31st May, 2021.
|Composition Dealer||GSTR 4 (Quarterly)||Financial Year 2020-21||31st May 2021|
4. Extension in due date for furnishing the declaration in ITC-04 [Notification No. 11/2021-CT dated 1st May 2021]:
The due date for furnishing the declaration in Form ITC-04 in respect of goods dispatched to a job worker or received from a job worker for the quarter Jan’21-Mar’21 has been extended to 31st May, 2021.
|Job Work||ITC 04||Quarter Jan 21 to Mar 21||31st May, 2021|
5. Reduction in Interest Rate for delayed payment of GST [Notification No. 8/2021-CT dated 1st May 2021]:
6. Relaxation in restriction on availment of Input Tax Credit under rule 36(4) [Notification 13/2021-CT dated 1st May 2021]:
Rule 36(4) restricts the availment of input tax credit beyond 5% of the ITC reflected in Form GSTR 2A/2B.
However said restriction will not apply in individual months of April & May 2021, but will apply cumulatively for the period April & May, 2021 and the return in FORM GSTR-3B for the month of May, 2021 is to be furnished with the cumulative adjustment of input tax credit for those months.
7. Extension of due date for furnishing TDS/TCS Returns [Notification No. 14/2021-CT dated 1st May 2021]:
The due date for furnishing statement of TDS deducted/ TCS Collected for the month of April, 2021 in Form GSTR-7/ Form GSTR-8 have been extended till 31st May, 2021.
8. Extension of due date for filing return by Input Service Distributor/ non-resident taxable person [Notification No. 14/2021-CT dated 1st May 2021]:
The due date of filing return by Input Service Distributor/ non-resident taxable person for the month of April, 2021 in Form GSTR-6/ Form GSTR-5 have been extended till 31st May, 2021.
9. Relaxation of time limit for compliance (which falls during the period from 15th April 2021 to 30th May 2021 till 31st May 2021) under GST Law [Notification No. 14/2021-CT dated 1st May 2021]:
|Particulars||Original Date||Revised Date|
|Completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called, by any authority, commission or tribunal, by whatever name called||15th April 2021 to 30th May 2021||31st May 2021|
|Filing of any appeal, reply or application or furnishing of any report, document, return, statement or such other record, by whatever name called||15th April 2021 to 30th May 2021||31st May 2021|
Non-applicability of above extensions in specified cases as under:
The aforesaid extensions of time shall not be applicable in following cases:
♦ For determination of “Time of Supply” as envisaged in Chapter IV of CGST Act, 2017;
♦ For withdrawal from composition scheme where turnover exceeds threshold limits as prescribed under section-10(3);
♦ For application for New Registration u/s 25 or of casual taxable person u/s 27
♦ For issuance of Tax Invoice u/s 31
♦ For filing of GSTR-1 u/s 37, Levy of Late Fees u/s 47 or levy of Interest for delayed filing of returns u/s 50 except as notified separately as per above
♦ Power of arrest u/s 69; Liability of partners of firm to pay tax envisaged u/s 90.
♦ Levy of Penalty for certain offences u/s 122
♦ Detention, seizure and release of goods and conveyances in transit u/s 129.
♦ Filing of return u/s 39 except sec 39(3), 39(4) and 39(5)
♦ For compliance of E-way bill related provision u/s 68 e. generation of e-way bill, inspection of goods in movement u/s 68 etc.
|Notification No.||Return/Form Type||Period||Relief in Interest for Nos. of days|
|08/2021 -Central Tax
(Reduction in rate of Interest for delayed payment) GSTR 3B
|Turnover > 5Crs||March 2021 & April 2021||9% p.a for first 15days from Due Date 18% p.a thereafter|
|Turnover upto 5Crs(Monthly Filers)||March 2021 & April 2021||Nil for First 15 days from Due Date; 9% p.a for next 15 days;18% p.a thereafter|
|Turnover upto 5Crs(QRMP Scheme)||Jan To Mar-21 Quarter||Nil for First 15 days from Due Date; 9% p.a for next 15 days;18% p.a thereafter|
|09/2021 – Central Tax (Late Fees Waiver)||GSTR 3BTurnover > 5Crs||March 2021 & April 2021||15 days from due date of furnishing return|
|Turnover upto 5Crs(Monthly Filers)||March 2021 & April 2021||30 days from due date of furnishing return|
|Turnover upto 5Crs(QRMP Scheme)||Jan To Mar-21 Quarter||30 days from due date of furnishing return|
|Notification No.||Return/Form Type||Period||Original Due Date||Extended Due Date|
|10/2021 – Central Tax||Form GSTR – 4 (Composition Dealer)||FY 2020-21||30th April 2021||31st May 2021|
|11/2021 – Central Tax||Form GST ITC – 04(Job Work)||FY 2020-21||25th April 2021||31st May 2021|
|12/2021 – Central Tax||GSTR 1||Month of April||11th May 2021||26th May 2021|
|13/2021 – Central Tax||IFF||Month of April||13th May 2021||28th May 2021|
|Relaxation ITC Availment
Rule 36(4) i.e.105% Cap on availment of ITC
|Month of April||Rule 36(4) adjustment for Apr-21 & May-21 applicable on Cumulative basis in GTR 3B of May-21|
|14/2021 – Central Tax
(Extension of Time Limits)
|Completion of Proceeding or passing of order or issuance of notice, intimation, Filing of Appeal, Reply||15th April, 2021 to 30th May, 2021||Extension up-to 31 May, 21|
|Rule 9 (Registrations) – CGST, 2017actions||1st May, 2021 to 31st May, 2021||Extension up-to 15 June, 21|
|GST Refund Order u/s54(5)||15th April, 2021 to 30th May, 2021||15 days after the receipt of reply or 31 May, 21 whichever is Later|