prpri GST Quarterly Updates Tracker (April 2021 – June 2021) GST Quarterly Updates Tracker (April 2021 – June 2021)

Goods and Services Tax is an indirect tax used in India on the supply of goods and services. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.

Goods and Service Tax (GST) is paid by the consumers for the products or services. But the GST will be remitted to the government by the businesses who are providing you with those products and services.

  • GST Circulars in brief:

1. Significant Changes from 1st April 2021

A. E-invoicing will be mandatory

The Central Board of Indirect Taxes and Customs (CBIC) notified that e-invoicing will be mandatory for business to business (B2B) transactions for taxpayers having turnover of over Rs 50 crore from April 1, 2021.

E-invoicing replaces the physical invoice and will soon replace the existing e-way bill system, and taxpayers will not have to generate separate e-way bills. The government expects e-invoicing to have also other major advantages, such as improving the payment cycle for industry and giving boost to invoice-based lending to MSMEs.

B. HSN Code (Harmonized System of Nomenclature)

  • Taxpayers to mandatorily declare HSN codes in GST Tax Invoices from 1st April, 2021.
  • The Taxpayers whose aggregate Turnover is up to Rs. 5 crores in the preceding Financial Year HSN code of 4 digits is mandatory for all the B2B tax invoices and optional for B2C tax invoices on the supplies of Goods and Services.
  • The Taxpayers whose aggregate Turnover is more than Rs. 5 crores in the preceding Financial Year HSN code of 6 digits is mandatory for both B2B and B2C tax invoices on the supplies of Goods and Services.

C. Important system changes need to be integrated in your e waybills, Delivery challans, Tax invoices, GSTR 1 reporting, Shipping bills, GST refund applications and further note that options available for non reporting under Table 17 and Table 18 would be done away from FY 2021-22 positively.

2. Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021:

Sl. No Form/ Functionality Functionality released/ to be released for Taxpayers
1 Registration

Timelines for filing of Application for Revocation of Cancellation of Registration in Form GST REG-21

  • the Government had extended the date for filing of various applications falling during the period from the 15th April, 2021 to 29th June, 2021, till 30th June, 2021.
  • Timeline for filing of Application for Revocation of Cancellation of Registration, which were due on 15th of April 2021, had also been extended till 30th June 2021 on the GST Portal.
  • Accordingly, these extensions have now ceased to be effective w.e.f. 1st July, 2021,
  • Timelines for filing of application for revocation of cancellation is now changed to 90 days (as was earlier) on the GST Portal, from date of Order of Cancellation of Registration in Form GST REG-19.
2 Returns

Information regarding late fee payable provided in Form GSTR-10

  • Taxpayers whose registration is cancelled, at the time of filing of last return in Form GSTR-10, will now be provided with details of late fee payable by them, for the delayed filing of any of the previous returns/ statements in a table, for their assistance in filing of said return by them.
  • This information can be viewed by clicking on a hyperlink provided under the column “Late Fee Payable” in the online Form GSTR- 10.
3 Returns

Auto-population of data in Form GSTR-11 on basis of Forms GSTR-1 / 5 filed by their suppliers

  • The UIN holders file details of their inward supplies in Form GSTR-11 on a quarterly basis. They can subsequently file for refund (if required) in Form GST RFD- 10, for the quarter, in which summary of the documents is auto-populated from their Form GSTR-11, in an editable mode
  • Form GSTR-11 of the UIN holder would be generated with details of their inward supplies, on basis of Forms GSTR-1 / 5 filed by their suppliers, which will subsequently help them in filing their refund claims

3. Govt. relaxes GST refund claim norms:

The Central Board of Indirect Taxes and Customs (CBIC) has eased the norms for claiming Goods and Services Tax (GST) refunds making it easier for businesses to rectify their applications. The period between filing a refund claim and an officer issuing a deficiency notice will not be counted in the total time limit available for filing a refund request.

4. Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy case

Flavoured milk is basically ‘beverage containing milk’ and will attract 12 per cent GST, the Gujarat Authority for Advance Ruling (AAR) has said.

Gujarat Co-operative Milk Marketing Federation Ltd, which markets dairy product under Amul brand, had approached the AAR on the taxability under the Goods and Services Tax (GST) of flavored milk which the company sells under trade name Amul Kool /Amul Kool Cafe.

The applicant had submitted before the AAR that the process of the flavoured milk is standardization of fresh milk according to the fat contents and then heating at certain temperature followed by filtration, pasteurisation and homogenisation and then mixing of sugar and various flavours and finally bottling.

5. 6-digit HSN code mandatory in invoices for biz with over Rs 5 crore turnover

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the Finance Ministry said on Wednesday. Those with turnover of up to Rs 5 crore in the preceding financial year would be required to mandatorily furnish four-digit HSN code on B2B invoices. Earlier, the requirement was four-digits and two-digits respectively. “With effect from the 1st April, 2021, GST taxpayers will have to furnish HSN (Harmonised System of Nomenclature Code), or Service Accounting Code (SAC) in their invoices, as per the revised requirement, the Ministry said in a statement.

6. GSTN enables functionality to lodge complaint of PAN misuse for GST registration

“To check the misuses of PAN in GST Registration, a functionality has been provided at GST Portal to register the complaint. GSTN, which handles the technology backbone of the Goods and Services Tax, has enabled an utility to lodge complaints relating to misuse of PAN for obtaining GST registration, a move aimed at curbing creation of bogus entities for the purpose of tax evasion. Any person whose PAN has been misused can lodge such a complaint. Following that, it would be sent to the concerned tax officer under whose jurisdiction the registration has taken place fraudulently for further action. https://taxguru.in/goods-and-service-tax/functionality-register-complaint-misuse-pan-gst-registration.html

7. GST Amnesty Scheme – Unable to file GST returns and take benefit, businesses urge government to do THIS

An important day for the Indian indirect taxation system – the Goods and Services Tax (GST) – which will be completing its four years at the helm, on Thursday. The government has been making changes in the law to remove teething problems from time-to-time. The government has also recently launched the GST Amnesty scheme. This scheme is valid for the period between July 2017 and April 2021.

However, the businesses are unable to take advantage of this scheme as this scheme will apply if the GST returns are filed till 31 August 2021.

Monthly Updates with official links

  • Monthly Updates / Circulars / Notification / News – April 2021
Title Notification No./ News Date
Rajiv Magoo appointed as member of Maharashtra GST Advance Ruling Committee Notification No. GST-1021 / C.R. 43 / Taxation-1 29/04/2021
GSTR-3B & GSTR-1/ IFF, using EVC enabled for companies Notification No. 07/2021–Central Tax 27/04/2021
GST: Personal Hearing proceedings’ functionality released DSR Advisory No : 04/2021 26/04/2021
Implementation of PMT-03 to re-credit the ITC sanctioned as refund Advisory No. 8/2021- Refunds 20/04/2021
Relaxation to assessee whose GSTIN canceled during 15.3.2020 to 14.3.2021 P/35/2021-ADC(RC AND M)-CCT-CTD 07/04/2021
GST: Release of modules: Issuance of SCN based on Order-in-Review & Call Book DSR ADVISORY NO : 03/2021 06/04/2021
Due date of filing Form GSTR-3B, from January, 2021, onwards 16/04/2021
New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme 13/04/2021
Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for Taxpayers in QRMP Scheme 13/04/2021
4-digit/6-digit HSN Code under GST 12/04/2021
GST Council News Letter- March 2021 13/04/2021
Payment of Tax under QRMP Scheme for March, 2021 08/04/2021
Taxpayer functionalities deployed on GST Portal in March 2021 07/04/2021
Auto-population of e-invoice details into GSTR-1 for March 2021 06/04/2021
GST Revenue collection for March’ 21 sets new record 01/04/2021
Updated schedule of CGST rates on goods as on 31.03.2021 01/04/2021
  • Monthly Updates / Circulars / Notification / News – May, 2021
Title Notification No. Date
GoM on concessions/ exemption from GST to COVID relief material F.No. S-31011/12/2021-DIR(NC)-DOR 29/05/2021
Blocking of Credit under Rule 86A of SGST Rules-2017 – Guidelines issued Circular No. 04/2021-SGST 24/05/2021
Pass order on cancellation of GST Registration within 30 days of Application: CBIC CBEC – 20/16/34/2019-GST/802 24/05/2021
GoM on GST on Casinos, Race Courses and Online Gaming Office Memorandum No. S-31011/12/2021-DIR(NC)-DOR 24/05/2021
GoM on Capacity based taxation & Special Composition Scheme in Certain Sectors on GST Office Memorandum No. S-31011/12/2021-DIR(NC)-DOR 04/06/2021
GST: SOP to implement extended time limit for revocation of cancellation of registration Circular No. 148/04/2021-GST 18/05/2021
Central Goods and Services Tax (Fourth Amendment) Rules, 2021 Notification No. 15/2021–Central Tax [G.S.R. 333(E)] 18/05/2021
Haryana Govt reimbursement of IGST on import of Covid relief materials Notification No. 28/19/2021-5B&C 17/05/2021
GST: Chart of Waiver of interest & late fee for March & April, 2021 Advisory No. 468 04/05/2021
Extended due date chart for various GST Compliances Advisory No. 469 04/05/2021
Relaxations in time limits for completion or compliance under GST law Notification No. 14/2021- Central Tax [G.S.R. 310(E)] 01/05/2021
CBIC extends due date for IFF to 28th May & amends rule 36(4) Notification No. 13/2021- Central Tax [G.S.R. 309(E)] 01/05/2021
GSTR-1 due date for April 2021 extended to 26th May 2021 Notification No. 12/2021- Central Tax [G.S.R. 308(E)] 01/05/2021
CBIC extends due date for filing GST ITC-04 to 31st May 2021 Notification No. 11/2021- Central Tax [G.S.R. 307(E)] 01/05/2021
CBIC extends due date for filing GSTR 4 (Composition Scheme) Notification No. 10/2021- Central Tax [G.S.R. 306(E)] 01/05/2021
Govt waives Late Fees on delayed filing of March/April GSTR 3B Return Notification No. 09/2021- Central Tax [G.S.R. 305(E)] 01/05/2021
Relaxation in GST interest rate for March & April 2021 Notification No. 08/2021- Central Tax [G.S.R. 304(E)] 01/05/2021
Timeline for Application for Revocation of Cancellation extended upto 30.06.2021 31/05/2021
Punjab FM raised critical concerns related to GST in his letter to FM 25/05/2021
Generation of GSTR-2B for April 2021 17/05/2021
Extension of due date of filing Revocation application of Cancellation 14/05/2021
GST: Need for A Serious Midterm Correction- Letter to FM by Badal 11/05/2021
FM replies to Mamata Banerjee over Letter to PM For GST Exemption 09/05/2021
GST Council Secretariat Newsletter – April 2021 06/05/2021
5 New GST Return Functionalities on GST Portal (April, 2021) 05/05/2021
Relief measures for taxpayers under GST in view of COVID-19 02/05/2021
GST Revenue collection for April 2021 sets new record 01/05/2021
  • Monthly Updates / Circulars / Notification / News – June, 2021
Title Notification No. And News Date
Applicability of B2C dynamic QR code provisions extended to 30.09.2021 Notification No. 28/2021-Central Tax [G.S.R. 450(E)] 30/06/2021
GST Council meetings become acrimonious, vexing & toxic: Amit Mitra D.O. No. 156/FM/2021 23/06/2021
CBIC issues 7 GST Circulars on 17th June 2021 D.O.No.74/CH(IC)/2020 21/06/2021
CBIC clarifies on Applicability of Dynamic QR Code on B2C invoices Circular no. 156/12/2021-GST 21/06/2021
GST rate on laterals/parts of Sprinklers or Drip Irrigation System Circular No. 155/11/2021-GST 17/06/2021
No GST on guaranteeing of loans by Govt for their undertaking or PSU  Circular No. 154/10/2021-GST 17/06/2021
GST on milling of wheat into flour or paddy into rice for distribution by Govt Circular No. 153/09/2021-GST 17/06/2021
GST on works contract service by way of construction of rope way Circular No. 152/08/2021-GST 17/06/2021
GST on services provided by Central or State Boards of Examination Circular No. 151/07/2021-GST 17/06/2021
GST on annuities paid for construction of road Circular No.150/06/2021-GST 17/06/2021
No GST on supply of food in Anganwadis and Schools Circular No. 149/1/2021-GST 17/06/2021
Revise MRP of medicines on which GST rates been reduced: NPPA File No. 19(175)/2019/DP/NPPA/Div. II 15/06/2021
CBIC notifies concessional rate of UTGST on Covid-19 relief supplies Notification No. 05/2021-Union Territory Tax (Rate) [G.S.R. 407(E).] 14/06/2021
CBIC reduces UTGST rate on Covid related services till 30.09.2021 Notification No. 04/2021-Union Territory Tax (Rate) [G.S.R. 404(E)] 14/06/2021
CBIC notifies concessional rate of IGST on Covid-19 relief supplies Notification No. 05/2021-Integrated Tax (Rate) [G.S.R. 406(E).] 14/06/2021
CBIC reduces IGST rate on Covid related services till 30.09.2021 Notification No. 04/2021- Integrated Tax (Rate) [G.S.R. 403(E).] 14/06/2021
CBIC notifies concessional rate of CGST on Covid-19 relief supplies Notification No. 05/2021-Central Tax (Rate) [G.S.R. 405(E).] 14/06/2021
CBIC reduces GST rate on Covid related services till 30.09.2021 Notification No. 04/2021-Central Tax (Rate) [G.S.R. 402(E).] 14/06/2021
GST: GoM on Movement of Gold and Precious Stones modified File No. GoM-Movement of Gold and precious stones/GSTC/2021/7036-42 04/06/2021
UTGST: CBIC clarifies on Date of issuance of completion certificate Notification No. 03/2021- Union Territory Tax (Rate) [G.S.R. 382(E)] 02/06/2021
UTGST: CBIC notifies changes in GST rate of services wef 02.06.2021 Notification No. 02/2021-Union Territory Tax (Rate) [G.S.R. 379(E)] 02/06/2021
UTGST: CBIC notifies changes in GST rate of goods wef 02.06.2021 Notification No. 01/2021-Union territory Tax (Rate) [G.S.R. 376(E)] 02/06/2021
CGST: CBIC clarifies on Date of issuance of completion certificate Notification No. 03/2021-Central Tax (Rate) [G.S.R. 380(E)] 02/06/2021
CBIC notifies changes in CGST rate of services wef 02.06.2021 Notification No. 02/2021-Central Tax (Rate) [G.S.R. 377(E)] 02/06/2021
CBIC notifies changes in CGST rate of goods wef 02.06.2021 Notification No. 01/2021-Central Tax (Rate) [G.S.R. 374(E)] 02/06/2021
Place of supply for B2B MRO services in case of Shipping industry amended Notification No. 03/2021-Integrated Tax [G.S.R. 383(E)] 02/06/2021
IGST: CBIC clarifies on Date of issuance of completion certificate Notification No. 03/2021-Integrated Tax (Rate) [G.S.R. 381(E)] 02/06/2021
IGST: Changes in GST Rate of Services with effect from 02.06.2021 Notification No. 02/2021–Integrated Tax (Rate) [G.S.R. 378(E)] 02/06/2021
IGST: Change in GST rate of goods wef 2nd June 2021 Notification No. 01/2021–Integrated Tax (Rate) [G.S.R. 375(E)] 02/06/2021
Central Goods and Services Tax (Fifth Amendment) Rules, 2021 Notification No. 27/2021–Central Tax [G.S.R. 371(E)] 01/06/2021
CBIC extends due date of filing FORM ITC-04 for QE March, 2021 Notification No. 26/2021-Central Tax [G.S.R. 370(E)] 01/06/2021
Due date of filing GSTR-4 for financial year 2020-21 extended Notification No. 25/2021–Central Tax [G.S.R. 369(E)] 01/06/2021
Extension of date of GST compliances falling between 15.04.21 to 29.06.21 Notification No. 24/2021–Central Tax [G.S.R. 368(E)] 01/06/2021
Govt depts & local authorities excluded from e-invoice requirement Notification No. 23/2021–Central Tax [G.S.R. 367(E)] 01/06/2021
CBIC rationalize late fee for delay in filing FORM GSTR-7 Notification No. 22/2021-Central Tax [G.S.R.366(E)] 01/06/2021
CBIC rationalize late fee for delay in furnishing of FORM GSTR-4 Notification No. 21/2021-Central Tax [G.S.R.365(E)] 01/06/2021
CBIC rationalize late fee for delay in furnishing of FORM GSTR-1 Notification No. 20/2021-Central Tax [G.S.R.364(E)] 01/06/2021
Late fee for delay in filing FORM GSTR-3B waived/rationalizd Notification No. 19/2021-Central Tax [G.S.R.363(E)] 01/06/2021
Late GST return : Interest rate lowered for March to May 2021 Notification No. 18/2021-Central Tax [G.S.R.362(E)] 01/06/2021
CBIC extends due date of Form GSTR-1 for May 2021 by 15 days Notification No. 17/2021-Central Tax [G.S.R.361(E)] 01/06/2021
Revised Section 50 GST interest Provisions notified w.e.f. 01.06.2021 Notification No. 16/2021-Central Tax [S.O. 2129(E)] 01/06/2021
UTGST | Late GST return | Interest rate lowered for March to May 2021 Notification No. 02/2021–Union Territory Tax [G.S.R. 373(E)] 01/06/2021
IGST | Late GST return | Interest rate lowered for March to May 2021 Notification No. 02/2021–Integrated Tax [G.S.R. 372(E)] 01/06/2021
Message of FM on 4 Years of GST 30/06/2021
CBIC to honour tax payers contributing to GST success story 30/06/2021
Collect evidences to take action against errant suppliers: NAA 22/06/2021
Highlights of recent Relaxation in Late Fees & Interest under GST 18/06/2021
New Functionalities on GST Portal (May, 2021) 17/06/2021
Latest updates in GST e-Invoice Portal 10/06/2021
GST Council Secretariat News Letter for May 2021 10/06/2021
GoM report submitted on GST tax relief on Covid materials 08/06/2021
Table-12 of GSTR-1 (Advisory on PDF) 08/06/2021
CBIC collects Late Fees of ₹. 1516.34 Cr during Apr 2020 to Feb 2021 07/06/2021
1,02,709 crore gross GST revenue collected in May 06/06/2021
Chart of Late fee waiver for delay in filing Form GSTR-3B returns 05/06/2021
Chart of Waiver of GST interest & late return filing fee 05/06/2021
Only an Ostrich would deny V shaped graph – Anurag Thakur to Chidambaram 03/06/2021
GST Amnesty & Relaxation – 10 Things to Know 01/06/2021
e-Way Bill- Changes related to Blocking of GSTIN & Bill generation 01/06/2021
  • GST Council Meetings:
Sl. GST Meetings Links
1 43rd GST Council meeting Outcome: 8 Key highlights dated 28th May, 2021 Click Here
2 44th GST Council Meeting Highlights dt.12.06.2021 Click Here

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Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

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