Summary of 9 GST Notifications issued by CBIC on 01.05.2021

Certain notifications have been issued by the CBIC yesterday night providing relief in certain matters in view of the ongoing pandemic situation in the country. A synopsis of them all is as under:

Notification No. 08/2021 – Central Tax, Notification No. 01/2021-Integrated Tax , Notification No. 01/2021-Union Territory Tax

Seeks to provide relief by lowering of interest rate for late filing of monthly/quarterly returns in Form GSTR-3B as well for late filing of statement in Form CMP-08 by the composition tax payers.

Notification No. 09/2021 – Central Tax:

Seeks to provide relief by waiving late fees for filing of Form GSTR-3B for:

1. 15 days from the due date of furnishing return for the months of March & April 2021 in case of Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year,
2. 30 days from the due date of furnishing return for the months of March & April 2021 in case of Taxpayers having an aggregate turnover of upto rupees 5 crores in the preceding financial year.
3. 30 days from the due date of furnishing return for the quarter Jan-March 2021 in case of Taxpayers having an aggregate turnover of upto rupees 5 crores in the preceding financial year and opted for QRMP scheme.

Notification No. 10/2021 – Central Tax:

The due date for furnishing return in Form GSTR-4 for the financial year ending 31st March, 2021 has been extended from 30th April, 2021 to 31st May, 2021.

Notification No. 11/2021 – Central Tax:

The due date for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, during the period from 1st January, 2021 to 31st March, 2021 has been extended from 25^th April, 2021 to 31^st May, 2021.

Notification No. 12/2021 – Central Tax:

The due date for furnishing details of outward supplies in Form GSTR-1 for the month of April-2021 has been extended from 11th May, 2021 to 26th May, 2021. 

Notification No. 13/2021 – Central Tax:

Central Goods and Services Tax (Third Amendment) Rules, 2021 have been notified. Following are the key changes:

• Rule 36(4) shall apply cumulatively for the period April and May, 2021 and the return in FORM GSTR-3B for the tax period May, 2021 shall be furnished with the cumulative adjustment of input tax credit for the said months.

• The details using IFF for the month of April 2021 can be furnished from 1^st May, 2021 till 28^th May, 2021.

Notification No. 14/2021 – Central Tax:

Where, any time limit for completion or compliance of any action, by any authority or by any person, has been specified in, or prescribed or notified under the said Act, which falls during the period from the 15th day of April,2021 to the 30th day of May, 2021, and where completion or compliance of such action has not been made within such time, then, the time limit for completion or compliance of such action, shall be extended upto the 31st day of May, 2021, including for the purposes of—

(a) completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called; or

(b) filing of any appeal, reply or application or furnishing of any report, document, return, statement or such other record, by whatever name called.

However, following are the exceptions to this general extension:

• Chapter IV of CGST Act related to time and place of supply;
• Sub-section (3) of Section 10 related to composition levy;
• Sections 25 – Procedure for registration;
• Section 27 – Special provisions relating to CTP & NRTP;
• Section 31 – Tax Invoice;
• Section 37 – Furnishing details of outward supplies;
• Section 47 – Levy of late fee;
• Section 50 – Interest on delayed payment of tax;
• Section 69 – Power to arrest;
• Section 90 – Liability of partners of firm to pay tax;
• Section 122 – Penalty for certain offences;
• Section 129 – Detention, seizure and release of goods and conveyance in transit;
• Section 39, except sub-section (3), (4) and (5) related to TDS deductors, ISD and NRTPs;
• Section 68 related to inspection of goods in movement, in so far as e-way bill is concerned; and
• rules made under the provisions specified above.

Also, the time limit for completion of any action by any authority or by any person as per Rule 9 of the CGST Rules related to verification and approval of registration application, falling during the period from 1^st May, 2021 to 31^st May, 2021 shall be extended to 15^th June, 2021.

Relevant Notification Links-