prpri GST Newsletter and Compliance Calendar July 21 GST Newsletter and Compliance Calendar July 21

1. GST DEADLINES

1.1. Deadlines | July 21

  GST Compliance CalendarJuly 2021

Due Date Return/ Compliance Remarks
11 July 21 GSTR1 (June 21) Return of Outward Supplies- Monthly Return
13 July 21 GSTR1 (April- June 21) Return of Outward Supplies- QRMP
14 July 21 GSTR2B (June 21) Auto Drafted ITC Statement available for download
18 July 21 CMP 08 (April- June 21) Composition Return for the quarter ending June 21
20 July 21 GSTR3B (June 21) Last Date for Payment of Tax and Return for Normal Taxpayers (Monthly GTSR3B)
22 July 21 GSTR3B(April- June 21) Last Date for Payment of Tax and Return QRMP Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in Chhattisgarh, MP, Gujarat, Daman & Diu, Dadra &  Nagar  Haveli,  Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Islands, Telangana, Andhra Pradesh.
24 July 21 GSTR3B(April- June 21) Last Date for Payment of Tax and return for QRMP Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in J&K, Laddakh, HP, Punjab, Chandigarh, Uttarakhand,  Haryana, Delhi, Rajashthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, WB, Jharkhand and Odhisha
25 July 21 ITC 04 (April- June 21) Details of Job Work Challan (Quarterly Form)
31 July 21 GSTR 4 (FY 20-21) Composition Annual Return for FY 2020-21

2. Circulars or Clarifications

2.1. Cumulative application of Rule 36(4) for April, May, June 21

Matching of GSTR2B with ITC availed in GSTR3B as per Rule 36(4) shall be applied cumulatively for tax periods April, May and June 2021 in the return for the period June 2021.

2.2. GST on milling of wheat into flour or paddy into rice for distribution by Govt

(Circular No. 153/09/2021-GST; 17th June, 2021)

To clarify that supply of service by way of milling of wheat/paddy into flour (fortified with minerals etc. by millers or otherwise )/rice to Government/ local authority etc. for distribution of such flour or rice under PDS is exempt from GST if the value of goods in such composite supply does not exceed 25%. Otherwise, such services would attract GST at the rate of 5% if supplied to any person registered in GST, including a person registered for payment of TDS.

3. GST PORTAL UPDATES

3.1. New Functionality to register complaint on misuse of PAN in GST Registration

To address the complaint related to misuse of PAN for obtaining GST registration, a functionality to register such complaints on GST Portal has been introduced. It will check the misuses, control the frauds and help officers in enquiry and cancellation of such registration.

Once complaint is registered, it will be sent to the concerned jurisdictional authority where the registration is claimed to be fraudulently taken, for necessary enquiry and suitable action.

4. RATIONALIZATION OF LATE FEES

4.1. One time Amnesty Scheme

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:

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 payablein the return If Return furnished between Late fee payable waived in excess of (Rs)
1 July, 2017 to April, 2021 NIL 1st June, 2021 and 31st August,2021 500
2 July, 2017 to April, 2021 Not NIL 1st June, 2021 and 31st August,2021 1000

4.2. Late fees on GSTR3B reduced going forward

Also Government has capped the maximum late fees payable in respect of taxpayers with turnover upto Rs 5 Crore as under:

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

5. NOTIFICATION

5.1. Applicability of B2C dynamic QR code provisions extended to 30.09.2021

(Notification No. 28/2021-Central Tax; 30th June, 2021)

CBIC vide Notification No. 28/2021-Central Tax; 30th June, 2021 extends applicability of B2C dynamic QR code provisions to 30 September 2021 instead of from 1 July 2021.

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Disclaimer: “This material is intended to provide general information on particular subject(s) and is not an exhaustive treatment of such subject(s) or a substitute to obtaining professional service or advice. It is strongly recommended to seek professional advice before implementation of any of the aspects covered in the presentation.”).

Author can be reached at ca.hsinghal@gmail.com; +91 99172 11511

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Company: N H Singhal & Associates
Location: Uttarakhand, IN
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