Notification No. 17/2021-Central Tax dt. 1st June
2021
EXTENSION OF DUE DATE OF FORM GSTR-1
FOR MAY,2021
Due date of GSTR-1 for the month of May, 2021 has been extended till 26th June,2021 by amending second proviso of Notification No. 83/2020-Central Tax dt. 10th Nov 2020 which was inserted by amending the said notification via Notification No. 12/2021-Central Tax dt. 1st May 2021
Notification No. 18/2021-Central Tax dt. 1st June 2021
RELAXATION IN INTEREST PAYABLE
Relaxation has been provided in the amount of interest payable as per the below mentioned Table for taxpayers who are liable to pay tax but fails to do so (In the earlier Notification No. 51/2020- Central Tax dt.24th June, 2020, Interest payable was specified for those taxpayers who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the month)
|
Category
of Taxpayers |
Period |
Interest
payable |
|
Taxpayers
having an aggregate turnover of more than ₹ 5 crores in the preceding F.Y. |
Mar-21 Apr-21 May-21 |
For the First 15 days from due date – 9% p.a. For period thereafter – 18% p.a. |
|
Taxpayers
having an aggregate turnover of up to ₹ 5 crores in the preceding F.Y. (For Taxpayers filing
monthly returns as well as who have opted for QRMP scheme) |
Mar-21 |
For the First 15 days from due date – NIL For Next 45 days – 9% p.a. For period thereafter – 18% p.a. |
|
Apr-21 |
For the First 15 days from due date – NIL For Next 30 days – 9% p.a. For period thereafter – 18% p.a. |
|
|
May-21 |
For the First 15 days from due date – NIL For Next 15 days – 9% p.a. For period thereafter – 18% p.a. |
|
|
Taxpayers
having an aggregate turnover of up to ₹ 5 crores in the preceding F.Y. (For Taxpayers who have opted for Composition Scheme) |
Quarter Ending Mar-21 |
For the First 15 days from due date – NIL For Next 45 days – 9% p.a. For period thereafter – 18% p.a. |
Notification No. 19/2021-Central Tax dt. 1st
June 2021
WAIVER OF LATE FEES, AMNESTY SCHEME
& RATIONALISATION OF LATE FEES FOR FORM GSTR-3B
Late fees for filing FORM GSTR-3B has been waived as under :
|
Category
of Taxpayers |
Period |
Period
for which late fees waived |
|
Taxpayers
having an aggregate turnover of more than ₹ 5 crores in the preceding F.Y. |
Mar-21 |
15 days from due date |
|
Apr-21 |
||
|
May-21 |
||
|
Taxpayers
having an aggregate turnover of up to ₹ 5 crores in the preceding F.Y. (For Taxpayers filing
monthly returns) |
Mar-21 |
60 days from due date |
|
Apr-21 |
45 days from due date |
|
|
May-21 |
30 days from due date |
|
|
Taxpayers
having an aggregate turnover of up to ₹ 5 crores in the preceding F.Y. (For Taxpayers who have opted for QRMP Scheme) |
Quarter Ending Mar-21 |
60 days from due date |
Amnesty Scheme for waiving of Interest payable on filing FORM GSTR-3B for the months/quarters of July, 2017 to April, 2021 if the aforementioned return/s have been filed during the period from 1st June 2021 to 31st August 2021
|
CATERGORY OF TAXPAYER |
MAX LATE FEES (per return) |
|
For
Taxpayers Having NIL Tax Liability |
₹ 500 (₹250 CGST + ₹ 250 SGST) |
|
For other Taxpayers |
₹ 1000 (₹500 CGST + ₹ 500 SGST) |
Rationalisation of Late Fees payable on GSTR-3B for the tax period June, 2021 onwards/quarter ending June, 2021 onwards has been done as under:
|
CATERGORY
OF TAXPAYER |
MAX LATE FEES(per return) |
|
For Taxpayers Having NIL Tax Liability in GSTR-3B or having NIL outward supplies in GSTR-1 |
₹ 500 (₹250
CGST + ₹ 250 SGST) |
|
For
other Taxpayers: |
|
|
a. Annual
Aggregate Turnover (AAT) ≤ ₹ 1.5 crores |
₹ 2000 (₹1000 CGST + ₹ 1000 SGST) |
|
b. ₹1.5
crores < Annual Aggregate Turnover (AAT) ≤ ₹ 5 crores |
₹ 5000 (₹2500
CGST + ₹ 2500 SGST) |
|
c. Annual
Aggregate Turnover (AAT) > ₹ 5 crores |
₹ 10000 (₹5000
CGST + ₹ 5000 SGST) |
Notification No. 20/2021-Central Tax dt. 1st
June 2021
RATIONALISATION OF LATE FEES FOR FORM
GSTR-1
Rationalisation of Late Fees payable on GSTR-1 for the tax period June, 2021 onwards/quarter ending June, 2021 onwards has been done as under:
|
CATERGORY
OF TAXPAYER |
MAX LATE FEES(per return) |
|
For Taxpayers Having NIL Tax Liability in GSTR-3B or having NIL outward supplies in GSTR-1 |
₹ 500 (₹250
CGST + ₹ 250 SGST) |
|
For
other Taxpayers: |
|
|
a. Annual
Aggregate Turnover (AAT) ≤ ₹ 1.5 crores |
₹ 2000 (₹1000
CGST + ₹ 1000 SGST) |
|
b. ₹1.5
crores < Annual Aggregate Turnover (AAT) ≤ ₹ 5 crores |
₹ 5000 (₹2500
CGST + ₹ 2500 SGST) |
|
c. Annual
Aggregate Turnover (AAT) > ₹ 5 crores |
₹ 10000 (₹5000
CGST + ₹ 5000 SGST) |
Notification No. 21/2021-Central Tax dt. 1st
June 2021
WAIVER OF LATE FEES FOR FORM GSTR-4
Max Late Fees payable on GSTR-4 for the F.Y. 2021-22 onwards has been reduced as under:
|
CATERGORY OF TAXPAYER |
MAX LATE FEES (per return) |
|
For
Taxpayers Having NIL Tax Liability |
₹ 500 (₹250 CGST + ₹ 250 SGST) |
|
For
other Taxpayers |
₹ 2000 (₹1000 CGST + ₹ 1000 SGST) |
Notification No. 22/2021-Central Tax dt. 1st
June 2021
WAIVER OF LATE FEES FOR FORM GSTR-7
Max Late Fees payable on GSTR-7 for the tax period June, 2021 onwards has been reduced as under:
|
Late
Fees payable per day |
₹ 50 per day (₹ 25 CGST + ₹ 25 SGST) |
|
Maximum
late fees payable (per return) |
₹ 2000 (₹ 1,000 CGST + ₹1,000 SGST) |
Notification No. 23/2021-Central Tax dt. 1st
June 2021
EXEMPTION FOR GENERATING E-INVOICES
As per amendment in Notification No. 13/2020- Central tax dt. 21st March 2020, a government department and a local authority has been exempted from generating e-invoices under GST.
Notification No. 24/2021-Central Tax dt. 1st
June 2021
EXTENSION IN TIME LIMIT OF CERTAIN
COMPLIANCES
CBIC has earlier extended time limit for certain compliances vide Notification No. 14/2021-Central Tax dt. 1st May 2021 which are now being further extended as under:
Time limit of
completion of specified
purposes* shall be further extended as under :
|
Original Time limit for completion
lies in between |
Extended due date for completion |
|
15th
April 2021 to |
|
·
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.
Time limit for completion of any
action specified under Rule 9 of CGST Rules, 2017 shall be further extended as under:
|
Original Time limit for completion
lies in between |
Extended due date for completion |
|
01st
May 2021 to |
|
Time limit for refund order to be
passed under Section 54(5) read with Section 54(7) shall be further extended as under :
|
Original Time limit for completion
lies in between |
Extended due date for completion |
|
15th
April 2021 to |
|
Notification No. 25/2021-Central Tax dt. 1st June 2021
EXTENSION IN DUE DATE OF FORM GSTR-4
Due date for filing FORM GSTR-4 for F.Y. 2020-21 has
been further extended upto 31st May 2021 31st
July 2021 (Earlier, it was extended upto 31st May 2021 via
Notification No. 10/2021-Central Tax dt. 1st May 2021)
Notification No. 26/2021-Central Tax dt. 1st
June 2021
EXTENSION IN DUE DATE OF FORM GST
ITC-04
Due date for filing FORM GST ITC-04 for F.Y.
2020-21 has been further extended upto
31st May
2021 30th June 2021 (Earlier, it was extended upto
31st May 2021 via Notification No. 11/2021-Central Tax dt. 1st May 2021)
Notification No. 27/2021-Central Tax dt. 1st
June 2021
CGST (FIFTH) AMENDMENT RULES, 2021
a) Fourth proviso to Rule 26(1) has been amended allowing companies to file FORM GSTR-1 & FORM GSTR-3B through Electronic Verification Code (EVC) upto 31st August 2021.
b) Second proviso to Rule 36(4) has been amended whereby ITC in FORM GSTR-3B for the month of June, 2021 can be taken as a cumulatively adjusted amount of ITC for April-2021, May-2021 and June-2021.
c) Second proviso to Rule 59(2) has been inserted allowing taxpayers to furnish details of outward supplies for the month of May-2021 using IFF upto 28th June 2021.
 Amendment Rules, 2021 along with recommendations of GST Council Notified | CBIC){kind=link}
2 Comments
Good job KD (y)
ReplyDeleteThank you 😁
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