A. GSTR 3B

Reduction in rate of interest and waiver of late fees – March 21 & April 21

Vide Notification No. 08/2021 – CT dt. 01.05.2021 as well as Notification No. 01/2021 – IT read with Notification No. 09/2021 – CT dt. 01.05.2021, the relaxations are as under for the given tax period:

Taxpayer Applicable interest Tax period Late fees
Mar-21 Apr-21 Mar-21 Apr-21
Turnover > 5 crores in the preceding FY 9% Till 5th May Till 4th June Late fees waiver till 5th May. Normal late fees thereafter Late fees waiver till 4th June. Normal late fees thereafter
18% After 5th May After 4th June
Turnover <= 5 crores in the preceding FY Nil Till 5th May Till 4th June Late fees waiver till 20th May. Normal late fees thereafter Late fees waiver till 19th June. Normal late fees thereafter
9% After 5th May till 20th May After 4th June till 19th June
18% After 20th May After 19th June
QRMP Scheme (Jan – Mar) Nil Till 9th May Till 9th June Late fees waiver till 24th May. Normal late fees thereafter Not applicable
9% After 9th May till 24th May After 9th June till 24th June
18% After 24th May After 24th June

B. GSTR 1

Extension of due date – April 2021

Vide Notification No. 12/2021 – CT dt. 01.05.2021 the due date for furnishing the details of outward supplies in FORM GSTR-1 for the tax period April 2021 has been extended till 26th May 2021.

C. IFF

Extension of due date – April 2021

Vide Notification No. 13/2021 – Central Tax dt. 01.05.2021 the invoice furnishing facility (IFF) for taxpayers under QRMP scheme for April 2021 shall be available from the 1st May 2021 till the 28th May 2021.

D. GSTR 4

Extension of due date and reduction in the rate of interest – FY 2020-21

Vide Notification No. 10/2021 – CT dt. 01.05.2021, the due date for furnishing GSTR 4 (composition taxpayer) for FY 2020-21 has been extended to 31th May 2021. Relief in terms of interest shall be as under:

Taxpayer Applicable interest FY 2020-21
GSTR 4 (FY 2020-21) Nil Till 3rd May
9% After 3rd May till 18th May
18% After 18th May

E. ITC 04

Extension of due date – January 21 – March 21

Vide Notification No. 11/2021 – CT dt. 01.05.2021 the due date for filing ITC 04 (in respect of goods dispatched to a job worker or received from a job worker) for the period from 1st January 2021 to 31st March 2021 has been extended till 31st May 2021.

F. RULE 36(4) – 5% cap in ITC availment

Cumulative application for April and May 2021

Vide Notification No. 13/2021 – Central Tax dt. 01.05.2021 a proviso has been added to Rule 36(4) to provide for the cumulative application of the 5% cap for the period April and May 2021. The cumulative adjustment is to be given in the GSTR 3B for May 2021.

G. Other relaxations

Vide Notification No. 14/2021 – CT dt. 01.05.2021 the time limit for completion or compliance of any action, by any authority or by any person which falls due during the period from the 15th April 2021 to the 30th May 2021 shall be extended up to the 31st May 2021. However, the said extension shall not apply to:

a) Chapter IV (time and value of supply)

b) sub-section (3) of section 10, sections 25, 27, 31, 37, 47, 50, 69, 90, 122, 129 (crossing the limits under composition scheme, registration, issuing the tax invoice, GSTR 1, late fees, interest, e-way bill, penalties) – please note the relaxations in terms of due dates/interest/late fees discussed earlier.

c) section 39, except sub-section (3), (4) and (5) (GSTR 3B) – please note the relaxations in terms of due dates/interest/late fees discussed earlier.

d) section 68, in so far as e-way bill is concerned

e) rules made under the aforesaid provisions

However, the time limit for verification of the registration application by the authorities which falls due during the period from the 1st May 2021 to the 31st May 2021 shall be extended up to the 15th June 2021.

Also in cases where a notice has been issued for rejection of refund claim, in full or in part and the time limit to issue the order falls due from 15th April 2021 to 30th May 2021 the said time limit shall be extended to fifteen days after the receipt of the reply to the notice from the registered person or 31st May 2021, whichever is later.

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