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The Central Government with an intent to provide relief to the taxpayers to a certain extent has issued the below set of notifications granting relief in the form of waiver of interest, late fee, extension of various GST compliances etc. The below table captures a gist of the notifications:
| Notification No | Details of the notification | |||||||||||||||||||||||||||||||||||||||||||
| Notification no. 08/2021 – Central Tax | The notification seeks to specify the rate of interest applicable for delay in filing of GSTR-3B for tax periods as specified in table below:
*Similar notification issued under IGST Act, 2017 and UTGST Act, 2017. **The notification is effective from 18 April 2021. |
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| Notification no. 09/2021 – Central Tax | The notification seeks to waive the late fee payable under Section 47 for registered taxpayers who fails to furnish GSTR-3B for the period specified below provided such return is furnished on or before the date mentioned below:
*The notification is effective from 20 April 2021. |
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| Notification no. 10/2021 – Central Tax | The notification seeks to extend the time limit for furnishing annual return by composition taxpayers in Form GSTR-4 for the FY 2020-21 to 31st May 2021. | |||||||||||||||||||||||||||||||||||||||||||
| Notification no. 11/2021 – Central Tax | The notification seeks to extend time period for furnishing declaration in Form GST ITC-04, in respect of goods dispatched to a job worker or received from job worker during the period 1st January 2021 to 31st March 2021 till 31st May 2021. | |||||||||||||||||||||||||||||||||||||||||||
| Notification no. 12/2021 – Central Tax | The notification seeks to extend the due date for furnishing the FORM GSTR-1 under Section 39(1) of CGST Act, 2017 for the month of April 2021 till 26th May 2021. | |||||||||||||||||||||||||||||||||||||||||||
| Notification no. 13/2021 – Central Tax | The notification seeks to make the following amendments:
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| Notification no. 14/2021 – Central Tax | The Notification seeks to extend timelines for completion of relevant GST compliances/ certain GST activities falling due between 15th April 2021 and 30thMay 2021 till 31st May 2021 (except for few provisions covered in the exception clause mentioned in the original notification). This primarily extends the following timelines:
Further, the notification also extends the following timeline:
*The notification is effective from 15 April 2021. |
The second wave of Covid-19 pandemic has turned out to be more severe and destructive as compared to the first wave and considering the difficulties faced by companies, consultants and tax authorities alike, these measures are expected to bring a certain relief to them.
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