In view of the spread of pandemic COVID-19 across many parts of India & challenges faced by Taxpayers, the Government vide Notification Nos. 08/2021- Central Tax, 09/2021- Central Tax, 10/2021- Central Tax, 11/2021- Central Tax, 12/2021- Central Tax, 13/2021- Central Tax, 14/2021- Central Tax, 01/2021 – Integrated Tax & 01/2021 – Union Territory Tax dated 1st May, 2021 has announced various relief measures for taxpayers under Goods and Services Tax Law in form of Reduction in rate of interest, Waiver of Late Fees, Extension of due dates as follows:
| Relief Measures | Notification No. | Return/Form Type | Period | Original Due Date | Extended Due Date |
|
Extension of Due Date |
12/2021- Central Tax | Form GSTR – 1 | Apr-21 | 11/05/2021 | 26/05/2021 |
| 13/2021- Central Tax | IFF | Apr-21 | 13/05/2021 | 28/05/2021 | |
| 10/2021- Central Tax | Form GSTR – 4 (Composition Dealer) | FY 2020-21 | 30/04/2021 | 31/05/2021 | |
| 11/2021- Central Tax | Form GST ITC – 04
(Job Work) |
FY 2020-21
|
25/04/2021 | 31/05/2021 | |
| Form GSTR – 3B | Relief in Interest for Nos. of days | ||||
|
Reduction in rate of Interest for delayed payment |
08/2021 – Central Tax | Ø Turnover > 5Crs | Mar-21 &
Apr-21 |
@ 9% for first 15 days from Due Date
@ 18% thereafter |
|
| Ø Turnover upto 5Crs (Monthly Filers) | Mar-21 &
Apr-21 |
@ Nil for first 15 days from Due Date;
@ 9% for next 15 days; @ 18% thereafter |
|||
| Ø Turnover upto 5Crs (QRMP Scheme) | Jan To Mar-21 Quarter | @ Nil for first 15 days from Due Date;
@ 9% for next 15 days; @ 18% thereafter |
|||
| Waiver of Late Fees for Nos. of days | |||||
|
Late Fees Waiver |
|
Ø Turnover > 5Crs | Mar-21 &
Apr-21 |
15 days from due date of furnishing return | |
| Ø Turnover upto 5Crs (Monthly Filers) | Mar-21 &
Apr-21 |
30 days from due date of furnishing return | |||
| Ø Turnover upto 5Crs (QRMP Scheme) | Jan To Mar-21 Quarter | 30 days from due date of furnishing return | |||
| Relaxation ITC availment | 13/2021 – Central Tax | Rule 36(4) i.e. 105% Cap on availment of ITC | Apr-21 | Rule 36(4) adjustment for Apr-21 & May-21 applicable on Cumulative basis in GTR 3B of May-21 | |
|
Extension of Time Limits |
|
Completion of Proceeding or passing of order or issuance of notice, intimation, Filing of Appeal, Reply | 15th Apr, 21 to 30th May, 21 | Extension upto 31st May, 21 | |
| Rule 9 (Registrations) – CGST, 2017 actions | 1st May, 21 to 31st May, 21 | Extension upto 15th June, 21 | |||
| GST Refund Order u/s 54(5) | 15th Apr, 21 to 30th May, 21 | 15 days after the receipt of reply or 31st May, 21 whichever is Later | |||
Relevant Notification Links-
| Title | Notification No. | Date |
|---|---|---|
| Relaxations in time limits for completion or compliance under GST law | Notification No. 14/2021- Central Tax [G.S.R. 310(E)] | 01/05/2021 |
| CBIC extends due date for IFF to 28th May & amends rule 36(4) | Notification No. 13/2021- Central Tax [G.S.R. 309(E)] | 01/05/2021 |
| GSTR-1 due date for April 2021 extended to 26th May 2021 | Notification No. 12/2021- Central Tax [G.S.R. 308(E)] | 01/05/2021 |
| CBIC extends due date for filing GST ITC-04 to 31st May 2021 | Notification No. 11/2021- Central Tax [G.S.R. 307(E)] | 01/05/2021 |
| CBIC extends due date for filing GSTR 4 (Composition Scheme) | Notification No. 10/2021- Central Tax [G.S.R. 306(E)] | 01/05/2021 |
| Govt waives Late Fees on delayed filing of March/April GSTR 3B Return | Notification No. 09/2021- Central Tax [G.S.R. 305(E)] | 01/05/2021 |
| Relaxation in GST interest rate for March & April 2021 | Notification No. 08/2021- Central Tax [G.S.R. 304(E)] | 01/05/2021 |
| UTGST: Relaxation in GST interest rate for March & April 2021 | Notification No. 01/2021-Union Territory Tax [G.S.R. 312(E)] | 01/05/2021 |
| IGST: Relaxation in GST interest rate for March & April 2021 | Notification No. 01/2021-Integrated Tax [G.S.R. 311(E)] | 01/05/2021 |
Author Bio
