GST Compliance Relaxations pursuant to GST Council Recommendations –

Pursuant to the GST Council recommendations in their 43rd meeting held on 28th May 2021 at New Delhi, CBIC has issued series of notifications relaxing GST compliance requirements.

The changes are categorized in below major areas and summarized for ease of understanding –

A. Reduction of late fees under GST-

The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below:

1.    For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date:

Sl. No Return in FORM GSTR-3B for the month/ quarter of Amount of Central & State/UT tax payable in the return If Return furnished between Late fee payable waived in excess of (Rs)
1 July, 2017 to April, 2021 NIL 1st June, 21 and   31st August,21 500
2 July, 2017 to April, 2021 Not NIL 1st June, 21 and   31st August,21 1000

2. For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards:

Sl. No Class of registered persons Late fee payable waived in excess of (Rs)
1 Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil 500
2 Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1 2,000
3 Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1 5,000

B. Extension of due dates for various compliances –

Government has extended the dates of various compliances by Taxpayers under GST vide Notn No 12/2021-CT, dated 1st May, 2021, read with Notn No 17/2021 CT dated 1st June, 2021, Notn No 14/2021-CT, dated 1st May, 2021, read with Notn No 24/2021-CT, dated 1st June, 2021, Notn No 25/2021-CT, dated 1st June, 2021, Notn No 26/2021-CT, dated 1st June, 2021.

The details are summarized below:

1. Filing of Form GSTR-1/IFF by Normal Taxpayers:

Sl. No. Form Type To be filed by Tax period Due Date/last date Due Date/ last date Extended till
1 Form GSTR-1 (Monthly) Normal Taxpayer filing Monthly returns May,2021 11.06.2021 26.06.2021
2 Form IFF (optional) Normal Taxpayers under QRMP Scheme May,2021 13.06.2021 28.06.2021

2. Filing of Returns by Composition, Non Resident Taxpayers, Input Service Distributors, TDS & TCS Taxpayers and Job Work Return:

Sl. No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till
1 GSTR-4 Composition Taxpayers (Annual Return) FY 2020-21 30th April, 2021 31st July, 2021
2 GSTR-5 Non Resident Taxpayers (NRTP) March/April/May, 2021 20th April/ May/June, 2021 30th June, 2021
3 GSTR-6 Input Service Distributors (ISD) April/May, 2021 13th May/June, 2021 30th June, 2021
4 GSTR-7 Tax Deductors at Source (TDS deductors) -do- 10th May/June, 2021 30th June, 2021
5 GSTR-8 Tax Collectors at Source (TCS collectors) -do- 10th May/June, 2021 30th June, 2021
6 ITC – 04 Job Work Return Quarter Jan-Mar 21 25th April 21 30th June 21

3. Filing of Form ITC-04: The due date for filing of Form GST ITC-04 (to be filed by Principal/Manufacturer for goods sent/received/supplied from Job Worker) for the quarter Jan-March, 2021, (due date 25th April, 2021) has been extended till 30th June, 2021 

C. Relief in form of Waiver of Interest and/or Late fees (Notification No 18 and 19/2021 dated 1st June 21)-

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for periods of March, April & May, 2021, vide The details are summarized below:

1. Relaxations in filing Form CMP-08 for Composition Taxpayers:

Sl. No. Tax Period Due date of filing Reduced Rate of Interest Waiver of late fee till
First 15 days from due date Next 45 days From 61st day onwards
1 March, 2021 (Qtr.) 18th April, 2021 No Interest 9% 18% NA

2. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B

Sl. No. Tax Period Class of taxpayer
(Based on AATO)
Due date of filing Reduced Rate of Interest Waiver of late fee till
NIL 9% 18%
1 March, 2021 > Rs. 5 Cr. 20th April NA First 15 days From 16th Day 5th May, 2021
Up to Rs. 5 Cr 20th April First 15 days For next 45 days From 60th day onwards 19th June, 2021
2 April, 2021 > Rs. 5 Cr. 20th May NA First 15 days from Due date From 16th Day from due date 4th June, 2021
Up to Rs. 5 Crs 20th May First 15 days For next 30 days From 45th day onwards 4th July, 2021
3 May, 2021 > Rs. 5 Cr. 20th June NA First 15 days from Due date From 16th Day from due date 5th July, 2021
Up to Rs. 5 Cr 20th June First 15 days For next 15 days From 30th day onwards 20th July, 2021

3. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme

Sl. No. Tax Period Form Type Due date of filing Reduced Rate of Interest Waiver of late fee till
1st 15 days from due date Next 45 days From 61st day onwards
1 March, 2021 Form GSTR-3B (Quarterly) 22/24th April, 2021,(Group A/B) No Interest 9% 18% 21/ 23rd June, 2021,(Group A/B)
2 April, 2021 Form GST PMT-06 25th May, 2021 No Interest 9% 18% NA
3 May, 2021 Form GST PMT-06 25th June, 2021 No Interest 9% 18% NA

*****

Disclaimer: The content of this document is for general information purpose only. TaxMarvel shall not accept any liability for decision taken based on the advice. You should carefully study the situation before taking any decision.

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17 Comments

  1. B K SHARMA says:

    Dear Sir,
    We have GSTR-1 & GSTR-3B not filed from April-2021. So please provide us let fee charge up to date January-2022 return filling.
    Regards & Thanks,

    B K Sharma
    9818870442

  2. Surya says:

    Last date to file Gstr 3b For the tax period April 2021 is Extended to 04/07/2021.
    Similarly Last date to file Gstr 3b For the tax period May 2021 is Extended to 20/07/2021 and June 2021 is extended to 20/07/2021

    Actual interest Calculation :
    tax liability *(No of days delayed / 365 ) * 18%

    How to calculate Number of days delayed For the tax period April may 2021 if I File the returns in Sep ?

    For April .. Can I calculate From date is 05/07/2021 ?? or 20/05/2021 ??
    For May …. From date 21/07/2021 or 20/06/2021 ??

  3. MILAN N SHAH says:

    i want to know how Amnesty scheme of GST works, My registration no is cancelled
    How to approch now as officer has not issued any order allowing me to upload the retuens
    kimdly advice
    thanks
    milan shah
    9820153685

  4. Smit Mahesh Patil says:

    Dear Sir,
    If GST Return is not file from Oct-2018 than Late fees will be ?? & Also Interest perecentage? Turnover is below 1cr

  5. Rishabh wadhwa says:

    Hi, there is a way to save late fees which are shown in the first month.
    you even need not pay 500rs per months late fees on nil return filing
    what’s up me at 9166.387878

  6. BADRINATH V says:

    Dear sir, Based on the notice of the proper officer i paid the dues with interest, voluntarily through challan. the paid amount reflected in my cash ledger. Some time later, the proper officer direct me to create DRC 03 for that voluntary payment. I done it and adjusted the due from my cash ledger> Now the proper officer demanded interest for the belated payment of tax into Government account. Am i need to pay interest. For info. After volutary payment i have not done any business and filed nil return till April 2021.

    1. fcsrohit says:

      Dear Sir,

      For delayed payment of tax (if the payment is made in cash for any month), interest at 18% is applicable

      Regards

      Rohit

  7. J.SRINIVASARAGHAVAN says:

    Sir/Madam
    Well. I am in TamilNadu. Here COVID lockdown contd., till date upto 14.06.2021. No shops are opened , if you opened fine for Rs.5,000 to no limit. Here GST returns are pending from March 21, April 21, may 21, June 21., contd., But the GOVT. OF INDIA – MINSTRY OF FINANCE – putting LAST DATE 15days, 30daysetc., 9% & 18%, & 24% interest charged. HOW WE CAN FILE THE GST RETURNS, UPTO DATES. WHO IS LIABILE TO PAY THE INTEREST AND TAX + LATE FEES.
    GIVE ME THE CLARIFICATIONS. IN THIS REGARDS.
    CA’S, GSTP’S, ADVOCATE’S, ICWA’S .. above persons are sleeping in well of his offices are closed.
    Totallt liability only owners of the GST REGD. persons.
    Thanks.

    1. Vishnu M says:

      Dear Dayananda sir,
      In light of Notification no. 12/2017-CT amended vide Notification no. 78/2020-CT, 4 digit HSN code is required to be mentioned on invoices where aggregate turnover in preceding FY is upto Rs. 5crs and 6 digit HSN code is required to be mentioned on invoices where aggregate turnover in preceding FY is more than Rs. 5crs.
      However, HSN code is not required to be mentioned in an invoice issued to unregistered person (B2C) if turnover in preceding financial year is up to Rs. 5 Cr.
      Also vide Notification no. 90/2020-CT, 8 digit HSN code is required to be mentioned on invoice only in case of specific chemicals listed in said notification.

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