GST Course

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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 & 17/2021 - Central Tax, 18/2021 - Central Tax, 19/2021 - Central Tax, 20/2021 - Central Tax, 21/2021 - Central Tax, 22/2021 - Central Tax, 23/2021 - Central Tax, 24/2021 - Central Tax, 25/2021 - Central Tax, 26/2021 - Central Tax, 27/2021 - Central Tax, 02/2021 - Integrated Tax & 02/2021 - Union Territory Tax dated 1st June 2021 has announced various relief measures for taxpayers under GST Law in form of Reduction in rate of interest, Waiver of Late Fees, Extension of due dates, Amnesty Scheme, Rationalization of Late Fees, Relaxation in ITC Availment as follows:

Consolidated Covid-19 Relief Measures for Taxpayers under GST law

Relief Measures

Notification No.

Return/Form Type

Period

Original Due Date

Extended Due Date

Extension of Due Date

12/2021 - CT

Form GSTR - 1

Apr-21

11/05/2021

26/05/2021

17/2021 - CT

May-21

11/06/2021

26/06/2021

13/2021 - CT

IFF (QRMP)

Apr-21

13/05/2021

28/05/2021

27/2021 - CT

May-21

13/06/2021

28/06/2021

10/2021 - CT 25/2021 - CT

Form GSTR - 4 (Annual Return Composition Dealer)

FY 2020-21

30/04/2021

31/05/2021

31/07/2021

11/2021 - CT 26/2021 - CT

Form GST ITC - 04

(Job Work)

Jan To Mar-21 Quarter

25/04/2021

31/05/2021

30/06/2021

         
   

Form GSTR-3B

 

Relief in Interest for Nos. of days

Reduction in rate of Interest for delayed payment

08/2021 - CT

01/2021 - IT

01/2021 - UT

18/2021 - CT

02/2021 - IT

02/2021 - UT

• Turnover > 5Crs

Mar-21, Apr-21, & May-21

@9% for first 15 days from Due Date

@18% thereafter

• Turnover upto 5Crs (Monthly Filers)

Mar-21

@Nil for first 15 days from Due Date;

@9% for next 15 45 days;

@18% thereafter

Apr-21

@Nil for first 15 days from Due Date;

@9% for next 15 30 days;

@18% thereafter

May-21

@Nil for first 15 days from Due Date;

@9% for next 15 days;

@18% thereafter

• Turnover upto 5Crs (QRMP Scheme)

Jan To Mar-21 Quarter

@Nil for first 15 days from Due Date;

@9% for next 15 45 days;

@18% thereafter

Form GST PMT-06

Apr-21

@Nil for first 15 days from Due Date;

@9% for next 30 days;

@18% thereafter

May-21

@Nil for first 15 days from Due Date;

@9% for next 15 days;

@18% thereafter

Form CMP-08 (Composition Dealer)

Jan To Mar-21 Quarter

@Nil for first 15 days from Due Date;

@9% for next 45 days;

@18% thereafter

       

Waiver of Late Fees for Nos. of days

Late Fees Waiver

09/2021 - CT

19/2021- CT

• Turnover > 5Crs

Mar-21, Apr-21, & May-21

15 days from Due Date

• Turnover upto 5Crs (Monthly Filers)

Mar-21

30 60 days from Due Date

Apr-21

30 45 days from Due Date

May-21

30 days from Due Date

• Turnover upto 5Crs (QRMP Scheme)

Jan To Mar-21 Quarter

30 60 days from Due Date

         

Relaxation ITC availment

13/2021 - CT

27/2021- CT

Rule 36(4) i.e. 105% Cap on availment of ITC

Apr-21

Rule 36(4) adjustment for Apr-21, May-21 & Jun-21 on Cumulative basis in GSTR3B of Jun-21

         

E-Invoice

23/2021 - CT

Issuance of E-Invoice

-

Government Dept. & Local authorities excluded from the requirement.

         

EVC

27/2021 - CT

Form GSTR-3B and Form GSTR-1/IFF

27th Apr, 21 to 31st Aug, 21

Companies allowed to furnish GSTR-3B and GSTR-1/IFF using EVC instead of DSC

         

Others

14/2021 - CT

24/2021- CT

Completion of Proceeding or passing of order or issuance of notice, intimation, Filing of Appeal, Reply, etc.

15th Apr, 21 to 29th Jun, 21

Extension till 31st May, 21 30th Jun,21

Rule 9 (Registrations) - CGST, 2017 actions

1st May, 21 to 30th Jun, 21

Extension till 15th Jun, 21 30th Jun,21

GST Refund Order u/s 54(5)

15th Apr, 21 to 29th Jun, 21

Later of 15 days after the receipt of reply or 31st May, 21 30th Jun,21

         

Amnesty Scheme

19/2021 - CT

Form GSTR - 3B

Jul-17 to Apr-21

Filing Period: 1st Jun, 21 to 31st Aug, 21

Nil Tax Liability

Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)

Other Cases

Rs. 1000/- (Rs. 500/- CGST + Rs. 500/- SGST)

Rationalization of Late Fees for prospective periods

19/2021 - CT

20/2021- CT

Form GSTR 3B/GSTR1

Jun- 21 onwards or Quarter ending Jun-21 Onwards

Nil Tax Liability

Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)

Other Cases with -Annual Aggregate Turnover as per table:

Upto 1.5 Cr

Rs. 2,000/- (Rs. 1,000/- CGST + Rs. 1,000/- SGST)

1.5 Cr to 5 Cr

Rs. 5,000/- (Rs. 2,500/- CGST + Rs. 2,500/- SGST)

> 5 Cr

Rs. 10,000/- (Rs. 5,000/- CGST + Rs. 5,000/- SGST

21/2021 - CT

Form GSTR - 4 (Composition Dealer)

Nil Tax Liability

Rs. 500/- (Rs. 250/- CGST + Rs. 250/- SGST)

Other Cases

Rs. 2,000/- (Rs. 1,000/- CGST + Rs. 1,000/- SGST)

22/2021 - CT

Form GSTR - 7

(Person required to deduct Tax at Source)

Reduced to Rs.50/- per day (Rs. 25/- CGST + Rs. 25/- SGST)

Maximum of Rs. 2000/- (Rs. 1,000/- CGST + Rs. 1,000/- SGST)

 

*The information contained in this document prepared is for information purpose only. Please consult your professional before making any decision or taking any action using information contained in this document.

 

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Category GST, Other Articles by - CA Harshal Jain 



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