Relaxations under GST due to ongoing COVID-19 pandemic

 

On 1^st May 2021, CBIC provided various relaxations and notified them via notification no. 08/2021 to notification no. 14/2021 (official notification link also provided below at the end). The various relaxations have been summarized as under:

        ·        Notification no. 08/2021 dated 01^st May 2021:

        (effective from 18^th April 2021)

INTEREST RATE REDUCTION/WAIVER

        

Class of Registered person	Tax Period	Rate of Interest
Taxpayers having an aggregate turnover of more than ₹ 5 crores in the preceding financial year	March, 2021 April, 2021	Return filed:   a)     Upto 15 days from due date: 9% p.a. b)     After 15 days from due date: 18% p.a.
Taxpayers having an aggregate turnover of up to ₹ 5 crores in the preceding financial year who are liable to furnish the return as specified under section 39(1)	March, 2021 April, 2021	Return filed:   a)     Upto 15 days from due date: NIL. b)     After 15 days from due date but upto 30 days: 9% p.a. c)     After 30 days : 18% p.a.
Taxpayers having an aggregate turnover of up to ₹ 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to section 39(1)	March, 2021 April, 2021	Return filed:   a)     Upto 15 days from due date: NIL. b)     After 15 days from due date but upto 30 days: 9% p.a. c)      After 30 days : 18% p.a.
Taxpayers who are liable to furnish the return as specified under section 39(2)	Quarter ending March, 2021	Return filed:   a)   Upto 15 days from due date: NIL. b)     After 15 days from due date but upto 30 days: 9% p.a. c)    After 30 days : 18% p.a.

 

        ·        Notification no. 09/2021 dated 01^st May 2021:

        (effective from 20^th April 2021)

WAIVER OF LATE FEES

Class of Registered person	Tax Period	PERIOD FOR WHICH LATE FEES WAIVED
Taxpayers having an aggregate turnover of more than ₹ 5 crores in the preceding financial year	March, 2021 April, 2021	15 days from due date
Taxpayers having an aggregate turnover of up to ₹ 5 crores in the preceding financial year who are liable to furnish the return as specified under section 39 (1)	March, 2021 April, 2021	30 days from due date
Taxpayers having an aggregate turnover of up to ₹ 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to section 39(1)	March, 2021 April, 2021	30 days from due date

 

        ·        Notification no. 10/2021 dated 01^st May 2021:

        (effective from 30^th April 2021)

 Due date of Form GSTR-4 for the financial year ending 31^st March 2021 is extended to 31^st May 2021.

        ·        Notification no. 11/2021 dated 01^st May 2021:

        (effective from 25^th April 2021)

Due date of Form GSTR 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 is extended to 31^st May 2021.

        ·        Notification no. 12/2021 dated 01^st May 2021:

            Due date of Form GSTR-1 for the tax period of April-2021,  in respect of taxpayers who are required to furnish their return under section 39(1), is extended to 26^th April 2021.

 

        ·        Notification no. 13/2021 dated 01^st May 2021:

        (effective from 01^st May 2021)

o   This notification deals with amendment in CGST rules, 2017 which may be called as Central Goods and Services Tax (Third Amendment) Rules, 2021.

o   Amendment in Rule 36(4): Proviso under rule 36(4) is inserted which allows availing ITC in Form GSTR-3B for the month of May-2021 taking into consideration cumulative adjustment of input for the month of April, 2021 and May, 2021.

o   Amendment in Rule 59(2): Due date of furnishing outward supplies, for the month of April,2021 using IFF shall be extended to 28^th May 2021.

 

        ·        Notification no. 14/2021 dated 01^st May 2021:

        (effective from 15^th April 2021)

1.      Time limit of completion of specified purposes* shall be extended as under :

Original Time limit for completion lies in between	Extended due date for completion
15th April 2021 to 30th May 2021	31st May 2021

 

                    ·        Specified purposes shall include:

(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, by any authority, commission or tribunal, by whatever name called, under the provisions of the Acts stated above; 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, under the provisions of the Acts stated above;

 but such extension is not applicable to compliance of  following provisions:

(a)   Chapter IV;

(b)   sub-section (3) of section 10, sections 25, 27, 31, 37, 47, 50, 69, 90, 122, 129;

(c)    section 39, except sub-section (3), (4) and (5);

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

(e)   rules made under the provisions specified at clause (a) to (d) above

 

2.      Time limit for completion of any action specified under Rule 9 of CGST Rules, 2017 shall be extended as under:

Original Time limit for completion lies in between	Extended due date for completion
01st May 2021 to 31st May 2021	15th June 2021

 

3.      Time limit for refund order to be passed under Section 54(5) read with Section 54(7) shall be extended as under :

Original Time limit for passing of order lies in between	Extended due date for completion
15th April 2021 to 30th May 2021	31st May 2021

 

For official notification , click here.

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