Article discusses One time Relaxation in Interest and Penalty for Delayed payment of GST and Late filing of GSTR-3B Return, Furnishing of FORM GSTR-04 (Annual Return of Composition Taxpayer), Furnishing of FORM ITC-04 (Quarterly declaration in relation to goods dispatched or received from a Job-worker, during the period), Furnishing of Details of Outward Supplies in FORM GSTR-1 for Tax Period April-2021, Cumulative applicability of Rule 36(4) for Apr’21 and May’21 in May’21 and Time Limit for Completion or Compliance of any action by any tax authority or by any person falling between 15th Apr’21 to 30th May’21.
Page Contents
- One time Relaxation in Interest and Penalty for Delayed payment of GST and Late filing of GSTR-3B Return
- Furnishing of FORM GSTR-04 (Annual Return of Composition Taxpayer)–
- Furnishing of FORM ITC-04 (Quarterly declaration in relation to goods dispatched or received from a Job-worker, during the period)–
- Furnishing of Details of Outward Supplies in FORM GSTR-1 for Tax Period April-2021:
- Cumulative applicability of Rule 36(4) for Apr’21 and May’21 in May’21:
- Time Limit for Completion or Compliance of any action by any tax authority or by any person falling between 15th Apr’21 to 30th May’21–
One time Relaxation in Interest and Penalty for Delayed payment of GST and Late filing of GSTR-3B Return
For Tax Period March-2021
| Serial No. | Particulars | Due date for GSTR-3B | One Time Relaxation |
| 1. | Taxpayers having an aggregate turnover of more than Rs. 5 crores in the preceding financial year | 20-04-2021
*After 20-04-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 20-04-2021 to date of filing) *After 20-04-21, Prescribed Late Fees shall be applicable |
1. Interest @9% P.a. shall be charged in case of delay upto 15 days, (i.e., 21-04-2021 to 05-05-2021) 2. Interest @18% P.a. shall be charged after 15 days delay, (i.e., 06-05-2021 to date of filing) *Late fees shall waive off for 15 days delay in furnishing the return, (i.e., 21-04-2021 to 05-05-2021) |
| 2. | Taxpayers having an aggregate turnover of up to Rs. 5 crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) or proviso to sub-section (1) of section 39 | *Category-1 States- 22-04-2021
*After 22-04-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 22-04-2021 to date of filing). *After 22-04-21, Prescribed Late Fees shall be applicable *Category-2 States- 24-04-2021 *After 24-04-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 24-04-2021 to date of filing) *After 24-04-21, Prescribed Late Fees shall be applicable |
*Category-1 States-
1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 23-04-2021 to 07-05-2021) 2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 08-05-2021 to 22-05-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 22-05-2021, (i.e., 23-05-2021 to date of filing) *Late fees shall waive off for 30 days delay in furnishing the return, (i.e., 23-04-2021 to 22-05-2021) *Category-2 States- 1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 25-04-2021 to 09-05-2021) 2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 10-05-2021 to 24-05-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 24-05-2021, (i.e., 25-05-2021 to date of filing) *Late fees shall waive off for 30 days delay in furnishing the return, (i.e., 25-04-2021 to 24-05-2021) |
| 3. | Taxpayers who are liable to furnish the return as specified
under sub-section (2) of section 39 (Composition Taxpayer under provisions of Section 10) |
FORM CMP-08
(Quarterly return) 18-04-2021
|
1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 19-04-2021 to 03-05-2021)
2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 04-05-2021 to 18-05-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 18-05-2021, (i.e., 19-05-2021 to date of filing). |
For Tax Period April-2021-
| Serial No. | Particulars | Due date for GSTR-3B | One Time Relaxation |
| 1. | Taxpayers having an aggregate turnover of more than Rs. 5 crores in the preceding financial year | 20-05-2021
*After 20-05-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 20-05-2021 to date of filing) *After 20-05-21, Prescribed Late Fees shall be applicable |
1. Interest @9% P.a. shall be charged in case of delay upto 15 days, (i.e., 21-05-2021 to 04-06-2021). 2. Interest @18% P.a. shall be charged after 15 days delay, (i.e., 04-06-2021 to date of filing). *Late fees shall waive off for 15 days delay in furnishing the return, (i.e., 21-05-2021 to 04-06-2021) |
| 2. | Taxpayers having an aggregate turnover of up to Rs. 5 crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of Section 39 | *Category-1 States- 22-05-2021
*After 22-05-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 22-05-2021 to date of filing) *After 22-05-21, Prescribed Late Fees shall be applicable *Category-2 States- 24-05-2021 *After 24-05-21, Interest @18% P.a. on Net cash tax liability shall be charged (i.e., 24-05-2021 to date of filing) *After 24-05-21, Prescribed Late Fees shall be applicable |
*Category-1 States-
1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 23-05-2021 to 06-06-2021) 2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 07-06-2021 to 21-06-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 21-06-2021, (i.e., 22-06-2021 to date of filing). *Late fees shall waive off for 30 days delay in furnishing the return, (i.e., 23-05-2021 to 21-06-2021) *Category-2 States- 1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 25-05-2021 to 08-06-2021) 2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 09-06-2021 to 23-06-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 23-06-2021, (i.e., 24-06-2021 to date of filing) *Late fees shall waive off for 30 days delay in furnishing the return, (i.e., 25-05-2021 to 23-06-2021) |
| 3. | Taxpayers having an aggregate turnover of up to Rs. 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to sub-section (1) of section 39 | Payment of Self-assessed tax or 35% Challan in FORM PMT-06- 25-05-2021
|
1. Nil Interest shall be charged in case of delay upto 15 days, (i.e., 26-05-2021 to 09-06-2021)
2. Interest @9% P.a. shall be charged for next 15 days delay, (i.e., 10-06-2021 to 24-06-2021). 3. Interest @18% P.a. shall be charged if delay is still in continuance after 24-06-2021, (i.e., 25-06-2021 to date of filing). |
**Category-1 States:
Taxpayers having principal place of business in the States of 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
**Category-2 States:
Taxpayers having principal place of business in the states of 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 Jammu and Kashmir, Ladakh, Chandigarh or Delhi
Furnishing of FORM GSTR-04 (Annual Return of Composition Taxpayer)–
| Serial No. | Particulars | Due date | One Time Relaxation |
| 1. | Furnishing of FORM GSTR-04 | For Financial Year 2020-21 30-04-2021 | For financial year 2020-21, FORM GSTR-04 shall be furnished by a composition taxpayer upto 31st day of May-2021 |
Furnishing of FORM ITC-04 (Quarterly declaration in relation to goods dispatched or received from a Job-worker, during the period)–
| Serial No. | Particulars | Due date | One Time Relaxation |
| 1. | Furnishing of Declaration in FORM ITC-04 | For the period (Jan’21 to Mar’21) 25-04-2021 | For the period Jan’21 to Mar’21, declaration in FORM ITC-04 shall be furnished upto 31st day of May-2021 |
Furnishing of Details of Outward Supplies in FORM GSTR-1 for Tax Period April-2021:
| Serial No. | Particulars | Due date | One Time Relaxation |
| 1. | Furnishing of details of Outward Supplies in FORM GSTR-1 for Tax period Apr-2021 | For Monthly Filers having turnover more than Rs. 5 Cr. 11-05-2021
For Monthly Filers having turnover less than Rs. 5 Cr. 13-05-2021 |
For the Tax Period April-2021, Outward Supplies in FORM GSTR-1 shall be furnished upto 26st day of May-2021 |
| 2. | Furnishing of details of Outward Supplies in FORM GSTR-1 for Tax Period Apr-2021 using IFF Facility | For IFF Filers- 13-05-2021 | For the Tax Period Apr-2021, Outward Supplies in FORM GSTR-1 using IFF Facility shall be furnished upto 28th day of May-2021 |
Cumulative applicability of Rule 36(4) for Apr’21 and May’21 in May’21:
There is no such requirement to match the Invoices and claim Input Tax Credit as per Rule 36(4) in the Tax period April-2021.
Cumulative Matching of Invoices for both the Tax Periods Apr-21 and May-21 and Cumulative adjustment of ITC as per Rule 36(4) shall be made in FORM GSTR-3B for the Tax Period May-21.
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
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