1) GST Amnesty Scheme 2021

2) Relaxation in Late – Fee Payment

3) Due Dates Extended

4) Other Relaxation

Summary of GST notification are tabulated below:

Relevant Notifications (Central Tax dated 01.05.2021)
Notification No. Central Tax Description
Notification No. 08/2021- Central Tax Dated: 1st May, 2021 Interest Relaxation for Tax Payable of Mar-Apr-21
Notification No. 09/2021- Central Tax Dated: 1st May, 2021 Late Fee Relaxation for GSTR3B of Mar-Apr-21
Notification No. 10/2021- Central Tax Dated: 1st May, 2021 Extension of GSTR-4 for FY 2020-21
Notification No. 11/2021- Central Tax Dated: 1st May, 2021 Extension of filing ITC-04 for Q4 of FY 2020-21
Notification No. 12/2021- Central Tax Dated: 1st May, 2021 Extension for GSTR-1 Due Dates for Apr-21
Notification No. 13/2021- Central Tax Dated: 1st May, 2021 Relaxation for Rule 36(4) and furnishing IFF for Apr-21
Notification No. 14/2021- Central Tax Dated: 1st May, 2021 https://taxguru.in/goods-and-service-tax/relaxations-time-limits-completion-compliance-gst-law.html

Relevant Notifications (CT dated 01.06.2021)
Notification No.

Central Tax

Description
Notification No. 16/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/revised-section-50-gst-interest-provisions-notified-w-e-f-01-06-2021.html
Notification No. 17/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/cbic-extends-due-date-form-gstr-1-2021-15-days.html
Notification No. 18/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/late-gst-return-interest-rate-lowered-march-2021.html
Notification No. 19/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/late-fee-delay-filing-form-gstr-3b-waived-rationalizd.html
Notification No. 20/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/cbic-rationalize-late-fee-delay-furnishing-form-gstr-1.html
Notification No. 21/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/cbic-rationalize-late-fee-delay-furnishing-form-gstr-4.html
Notification No. 22/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/cbic-rationalize-late-fee-delay-filing-form-gstr-7.html
Notification No. 23/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/govt-depts-local-authorities-excluded-e-invoice-requirement.html
Notification No. 24/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/extension-date-gst-compliances-falling-15-04-21-29-06-21.html
Notification No. 25/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/due-date-filing-gstr-4-financial-year-2020-21-extended.html
Notification No. 26/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/cbic-extends-due-date-filing-form-itc-04-qe-march-2021.html
Notification No. 27/2021 – Central Tax-  Dated 1st June, 2021 https://taxguru.in/goods-and-service-tax/central-goods-services-tax-fifth-amendment-rules-2021.html

INTEREST ON NET CASH BASIS

Section 50 of the CGST Act, 2017 which is also replicated in SGST Acts, contains the provision for levy of interest on delay or non-payment of GST.

 In this regard, the Quantum of interest to be levied was under dispute from first day of introduction of GST.

The dispute was whether GST will be charged before adjusting ITC (on Gross Liability) or after adjusting ITC (Net Liability).

GST Council in its 43rd Meeting held  that W.E.F 01.07.2017 – Retrospective amendment in section50 of the CGST Act, providing for payment of interest on net cash basis (after adjusting ITC) .

Interest Waiver as per Notification 08/2021 and relaxation  as recommended by 43rd GST Council

For Turnover > 5 Crores in preceding FY in case of GSTR 3B Return.

Returns Due Date Interest @ 9% Late Fees @ 18%
From To After
Mar-2021 20.04.2021 21.04.2021 05.05.2021 05.05.2021
Apr-2021 20.05.2021 21.05.2021 04.06.2021 04.06.2021
May-2021 20.06.2021 21.06.2021 05.07.2021 05.07.2021

If return not filed  within due dates, then late fees @ Rs. 50/- (Nil Return: Rs. 20/-) per day will be applicable from the next day after the due date as may  be prescribed/specified.

For Turnover up to 5 Cr. in Preceding FY in case of GSTR 3B Return

Tax-payer
Mon-ths
Due Date
Interest @ NIL
Interest @ 9%
Late Fees @NIL
From
To
From
To
From
To
Monthly
Mar-2021
20.04.2021
21.04.2021
05.05.2021
06.05.2021
19.06.2021 *
21.04.2021
20.05.2021
Apr-2021
20.05.2021
21.05.2021
04.06.2021
05.06.2021
04.07.2021 *
21.05.2021
19.06.2021
May-2021
20.06.2021
21.06.2021
05.07.2021
06.07.2021
20.07.2021 *
21.06.2021
20.07.2021
Quarterly
Mar-2021
22.04.2021
23.04.2021
07.05.2021
08.05.2021
21.06.2021 *
23.04.2021
22.05.2021
Apr-2021
25.05.2021
26.05.2021
09.06.2021
10.06.2021
09.07.2021 *
N.A.
May-2021
25.06.2021
26.06.2021
10.07.2021
11.07.2021
25.07.2021 *

*thereafter 18% and Category A: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep

For Turnover up to 5 Cr.  in Preceding FY in case of GSTR 3B Return

Tax payer Months Due Date Interest @ NIL Interest @ 9% Late Fees @NIL
From To From To From To
Monthly Mar-21 20.04.21 21.04.21 05.05.21 06.05.21 19.06.21 * 21.04.21 19.06.21
Apr-21 20.05.21 21.05.21 04.06.21 05.06.21 04.07.21 * 21.05.21 04.07.21
May-21 20.06.21 21.06.21 05.07.21 06.07.21 20.07.21 * 21.06.21 20.07.21
Quarterly Mar-21 24.04.21 25.04.21 09.05.21 10.05.21 23.06.21 * 25.04.21 23.06.21
Apr-21 25.05.21 26.05.21 09.06.21 10.06.21 09.07.21 * N.A.
May-21 25.06.21 26.06.21 10.07.21 11.07.21 25.07.21 *

*thereafter 18% and Category B: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland,  Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of J&K, Ladakh, Chandigarh or Delhi.

Relaxations to Composition Taxpayers

Form Frequ-ency Due Date Interest @ NIL Interest @ 9%
From To From To
CMP-08 (Self assessed tax) Quarterly  (Mar -2021) 18.04.2021 19.04.2021 03.05.2021 04.05.2021 17.06.2021 *

*thereafter 18%

Extended Due Dates for GSTR-1, IFF and GSTR 4

Form Period            Due Date
Normally Revised
GSTR1 Apr-21 11.05.2021 26.05.2021
IFF 13.05.2021 28.05.2021
GSTR1 May-21 11.06.2021 26.06.2021
IFF 13.06.2021 28.06.2021
GSTR4 FY  2020-21 30.04.2021 30.06.2021

GST Amnesty Scheme for Late Fees waiver as per 43rd GST Council recommendation

GSTR3B

Periods Tax Liability Maximum Late Fees (CGST+SGST)
July-17

To

April-21

NIL 500/- per return
others 1000/- per return
Note : – IF GSTR 3B filed from 01.06.2021 to 31.08.2021

GSTR3B & GSTR1

Taxpayer Maximum Late Fees (C+S)
NIL-Tax Liability 500/- per return
T/O up to 1.5 Cr 2,000/- per return
T/O 1.5 Cr to 5 Cr 5,000/- per return
T/O > 5 Cr 10,000/- per return
Note: The reduced late fees are applicable from June2021 returns & T/O shall be considered of Preceding Financial Year.

GSTR4 :- Composition Return

Tax Liability Maximum Late

Fees (C+S)

Nil 500/- per return
Others 2,000/- per return
Note: Benefit available from 2020-21 returns.

GSTR7:- TDS Return

Tax Liability Maximum Late  Fees (C+S)
Per Day 50/- per return
Maximum 2,000/- per return
Note: Benefit available from June’21 returns.

Other Relaxations

> Due date for filing ITC04 (Goods dispatched to /received from Job work) for the  Q4 (Jan-Mar) of 2020-21 has been extended to 30.06.2021.

> Government Departments and local authorities are exempted from E-Invoicing provisions

> Rule  36(4) pertain to restriction of  ITC shall apply  cumulatively for  the  period April, May and June 2021 in the return FORM GSTR-3B for the tax period June-2021

> The time limit for completion of action of verification by the proper officer of the  application for GST registration and its approval (Rule-9 of CGST rules pertaining to Verification of the Application and Approval) falls between 01.05.2021 to  30.06.2021 has been extended to 15.07.2021.

> Taxpayers registered under Companies Act can furnish returns by using EVC instead of DSC  till 31.08.2021

TIME LIMIT EXTENDED

Whose last date of completion falls between 15th April to 29th June is extended to  30th June 2021

1. Completion of any proceeding or passing of any order or issuance of  any of the following:

1. Notice, Intimation, Notification

2. Sanction and Approval (by any authority, commission or tribunal)

2. Filing of any Appeal, Reply and Application

3. Furnishing of any

1. Report

2.Document

3.Return

4. Statement or such other record

4. Refund Orders under Section 54(5) and Section 54(7) shall be extended up to 15 days after the receipt of reply to the notice OR 30th June-2021 (W.E. later)

NO BENEFIT OF EXTENSION IN FOLLOWING THE SECTION

Sec 12 to 15  Time and Value of Supply

Sec 25 Procedure for Registration

Sec 27 CTP & NRTP Provisions

Sec 31 Tax Invoice Provisions

Sec 37 Filing GSTR1

Sec 47 & Sec 50-   Late Fees and Interest

Sec 68 Inspection of Movement of Goods

Sec 69 Power to Arrest

Sec 90 Liability of Partners of firm to pay tax

Sec 122 Penalty for certain offences

Sec 129 Detention, seizure, & release of goods & conveyance in transit

*****

Disclaimer: The purpose of this is to share knowledge and it is for education purpose only. This does NOT constitute NOR does this form part of neither it is to be construed as, A LEGAL OPINION. The analysis is solely based on the reading abilities of the Author. They may be correct/incorrect as per you. No representation or warranty, express or implied, is made or given in respect of any information provided. UNDER NO circumstances should any recipient rely on this communication as a basis for any legal decision. The views expressed are of personal to the author. They do not reflect the views of any organization he may be directly/indirectly associated with. Neither author nor any of its affiliates accepts any legal liability, or responsibility, for, or provides any assurance or guarantee of accuracy, authenticity, completeness, correctness, dependability, reliability, suitability or timeliness of, any part of this article. The contents of this article are based only on the understanding of the Law, Rules, Notifications, etc. of the author and THEY ARE NOT BASIS FOR ANY LEGAL OPINION.

Author Bio

Qualification: CA in Practice
Company: Jayprakash P & Company
Location: Mumbai, Maharashtra, India
Member Since: 14 Mar 2021 | Total Posts: 12
The author, CA Jayprakash Pandey is a practicing Chartered Accountant (Founder of Jayprakash P & Company) having Office at Mumbai, with more than 5 years of professional cum practical experience, Direct Tax, International Taxation, Indirect Tax & FEMA and RERA Consultant, litigation & co View Full Profile

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