1. Waiver of Interest for the delay in deposit of tax for the month of March and April 2021 (Notification 08/2021-Central Tax dated 01st May 2021)
| 1. | Taxpayer having turnover of more than Rs 5 crores | 15 days from the due date: – 9% of the tax payable After 15 days from the due date:- 18% of the tax payable. |
| 2. | Taxpayer having turnover up-to Rs 5 crores | 0-15 days from the due date: – Nil
15-30 days from the due date: – 9% After 30 days from the due date : – 18% |
| 3. | Taxpayers who are required to furnish their return quarterly (For Quarter ended March 2021 i.e QMP ) | 0-15 days from the due date: – Nil
15-30 days from the due date: – 9% After 30 days from the due date : – 18% |
| 4. | Taxpayers who are required to furnish their return quarterly (For Quarter ended March 2021 i.e. composition dealers) | 0-15 days from the due date: – Nil
15-30 days from the due date: – 9% After 30 days from the due date : – 18% |
Waiver of late fees for filing GSTR 3B for the month of March 2021 (Notification 09/2021-Central Tax dated 01st May 2021)
| 1. | Taxpayer having turnover exceeding Rs 5 crores during the preceding financial year | 15 days from the due date |
| 2. | Taxpayer having turnover up-to Rs 5 crores | 30 days from the due date. |
| 3. | Taxpayers having turnover of up-to Rs 5 crores in the preceding financial year who are liable to furnish their return quarterly(Quarter ended March 2021) | 30 days from the due date |
3. Extension of Due date of furnishing GSTR 4 for the FY ended 31 st March 2021 (Notification 10/2021-Central Tax dated 01st May 2021)
The due date for furnishing GSTR 4 for the financial year ended 31st March 2021 have been extended to 31st May 2021 from 30th April 2021.
4. Extension of furnishing of details of Job worker for the Quarter ended 31st March 2021(Notification 11/2021-Central Tax dated 01stMay 2021)
For furnishing declaration in FORM GST ITC-04 in respect of goods dispatched or received from Job worker starting from 01st Jan 2021 to 31st March 2021 has been extended to 31st May 2021.
5. Extension of Due date of furnishing GSTR 1 for the month of April 2021 (Notification 12/2021-Central Tax dated 01st May 2021)
The due date of furnishing GSTR-1 for the month of April 2021 have been extended to 26th May 2021.
6. Relaxation of availment of 5% ITC (Notification 13/2021-Central Tax dated 01st May 2021)
The restriction of availment of 5% ITC for the tax period of April & May 2021 shall not apply individually but shall be taken cumulatively.
7. Extension of furnishing of details using IFF (Notification 13/2021-Central Tax dated 01st May 2021)
A registered person may furnish the details for the month of April 2021, using IFF from the 01st May 2021 to 28th May 2021.
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