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CBIC extends GST Return Due Dates, Waives Late fee for GSTR-3B

Rinav Khakhar 
on 03 May 2021

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Amidst the second wave of covid-19 pandemic throughout the country and complete/partial lockdown already in force in most parts of the country, CBIC comes out with another set of midnight notifications to provide relief to the taxpayers for various GST compliance/returns.

The relief comes in the form of waiving late fees for certain Certain returns and providing conditional reduction in interest on late payment of GST. 

CBIC, vide notifications have also relaxed the provisions of Rule 36(4) for the month of April 2021, which could benefit the taxpayers in claiming ITC for the month of April 2021, subject to certain conditions. 

CBIC extends GST Return Due Dates, Waives Late fee for GSTR-3B

Below is a Summary of the notifications issued on 01st May 2021

SUMMARY OF NOTIFICATIONS ISSUED ON 01ST MAY 2021

Waiver of Late Fees upto  
Form March April
GSTR 1 NA 26/05/2021
IFF NA 28/05/2021
GSTR 3B > 5cr (M) 05/05/2021 04/06/2021
GSTR 3B < 5cr (M) 20/05/2021 19/06/2021
GSTR 3B (Q) * 22/05/2021 NA
GSTR 3B (Q) ** 24/05/2021  
ITC - 04 31/05/2021 NA

Interest waiver Category 1*

Rate of Interest Return Period - March   Return Period - April
Above 5 Cr Below 5Cr - Monthly QRMP Above 5 Cr Below 5Cr - Monthly QRMP
0% p.a. NA 05/05/2021 07/05/2021 NA 04/06/2021 09/06/2021
9% p.a. 05/05/2021 20/05/2021 22/05/2021 04/06/2021 19/06/2021 24/06/2021
18% p.a. after 05/05/2021 after 20/05/2021 22/05/2021 after 04/06/2021 after 19/06/2021 after 24/06/2021

Interest waiver Category 2**

Rate of Interest Return Period - March Return Period - April
Above 5 Cr Below 5Cr - Monthly QRMP Above 5 Cr Below 5Cr - Monthly QRMP
0% p.a. NA 05/05/2021 09/05/2021 NA 04/06/2021 09/06/2021
9% p.a. 05/05/2021 20/05/2021 24/05/2021 04/06/2021 19/06/2021 24/06/2021
18% p.a. after 05/05/2021 after 20/05/2021 after 24/05/2021 after 04/06/2021 after 19/06/2021 after 24/06/2021

Relaxation or Composition Tax Payers for Jan-March 2021

Rate of Interest for Late Payment For Jan - March 2021   Form Due Date
 
0% p.a. 03/05/2021      
9% p.a. 18/05/2021   GSTR - 4 (Annual) 31/05/2021
18% p.a. After 18/05/2021      

Relaxation for reversal of ITC as per Rule 36(4)

Cumulative adjustments for ITC for April and May 2021 as per above provision can be given in GSTR 3B to be filed for the month of  May 2021
*Category 1 includes Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh
** Category 2 includes Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha
NOTE: AS PER NOTIFICATION 08/2021, 09/2021, 10/2021, 11/2021, 12/2021, 13/2021 DATED 01ST MAY 2021
 

Also Read: CBIC extends GST Returns Due Dates, Waives Late Fee For GSTR-3B and Reduces Interest Rates

Note: This is not an exhaustive list of the extensions/relaxations. Please refer the relevant notifications issued  in case of any doubt and kindly bring to our notice in case of any errors.

 

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