The GST council in its 43rd meeting held on 28.05.2021 had made numerous recommendations which have been notified recently. Gist of all such notifications have been mentioned below :
- CBIC vide Notification No. 18/2021 & 19/2021 – Central Tax dated 1st June 2021 has provided relaxation in interest rates & waiver of late fees for taxpayers.
| Reduced Rate of Interest & Waiver of Late Fees for Taxpayers | ||||
| Tax Period | Return / Challan Type | Specified Due Date | Applicability of Reduced Rate of Interest | Period For Which Late Fee Waived |
| Mar-21 | GSTR-3B Monthly filer (AATO > 5 Cr.) | 20-04-2021 | First 15 Days from due date- 9% (Till 05-05-21) Thereafter- 18% (W.e.f. 06-05-21) |
15 days from due date of furnishing return (Till 05-05-21) |
| GSTR-3B Monthly filer (AATO < 5 Cr.) | 20-04-2021 | First 15 Days from due date- NIL (Till 05-05-21) Next 45 days – 9% (Till 19-06-21) Thereafter- 18% (W.e.f. 20-06-21) |
60 days from due date of furnishing return (Till 19-06-21) | |
| QRMP Scheme GSTR-3B Quarterly filer (AATO < 5 Cr.) | 22-04-2021 (For Group A States) / 24-04-2021 (For Group B States) |
First 15 Days from due date- NIL (Till 07-05-21 / 09-05-21) Next 45 days – 9% (Till 21-06-21 / 23-06-21) Thereafter- 18% (W.e.f. 22-06-21 / 24-06-21) |
60 days from due date of furnishing return (Till 21-06-21 / 23-06-21) |
|
| Apr-21 | GSTR-3B Monthly filer (AATO > 5 Cr.) | 20-05-2021 | First 15 Days from due date- 9% (Till 04-06-21) Thereafter- 18% (W.e.f. 05-06-21) |
15 days from due date of furnishing return (Till 04-06-21) |
| GSTR-3B Monthly filer (AATO < 5 Cr.) | 20-05-2021 | First 15 Days from due date- NIL (Till 04-06-21) Next 30 days – 9% (Till 04-07-21) Thereafter- 18% (W.e.f. 05-07-21) |
45 days from due date of furnishing return (Till 04-07-21) | |
| QRMP Scheme PMT-06 (AATO < 5 Cr.) | 25-05-2021 | First 15 Days from due date- NIL (Till 09-06-21) Next 30 days – 9% (Till 09-07-21) Thereafter- 18% (W.e.f. 10-07-21) |
N/A | |
| May-21 | GSTR-3B Monthly filer (AATO > 5 Cr.) | 20-06-2021 | First 15 Days from due date- 9% (Till 05-07-21) Thereafter- 18% (W.e.f. 06-07-21) |
15 days from due date of furnishing return (Till 05-07-21) |
| GSTR-3B Monthly filer (AATO < 5 Cr.) | 20-06-2021 | First 15 Days from due date- NIL (Till 05-07-21) Next 15 days – 9% (Till 20-07-21) Thereafter- 18% (W.e.f. 21-07-21) |
30 days from due date of furnishing return (Till 20-07-21) | |
| QRMP Scheme PMT-06 (AATO < 5 Cr.) | 25-06-2021 | First 15 Days from due date- NIL (Till 10-07-21) Next 15 days – 9% (Till 25-07-21) Thereafter- 18% (W.e.f. 26-07-21) |
N/A | |
| Jan-21 To Mar-21 | Composition Taxpayers (CMP-08) | 18-04-2021 | First 15 Days from due date- NIL (Till 03-05-21) Next 45 days – 9% (Till 17-06-21) Thereafter- 18% (W.e.f. 18-06-21) |
N/A |
- Extension of due dates for furnishing various returns.
| Due Dates Extended for Various Returns | |||||
| Return/ Form Type |
Tax Period | Type of Taxpayer | Specified Due Date | Extended Due Date | Relevant Notification |
| GSTR-1 (Monthly) | May-21 | Normal Taxpayer filing Monthly returns | 11-06-2021 | 26-06-2021 | Notification No. 17/2021 – Central Tax dated 1st June, 2021 |
| IFF (Optional) | May-21 | Normal Taxpayer under QRMP Scheme | 13-06-2021 | 28-06-2021 | Notification No. 27/2021 – Central Tax dated 1st June, 2021 |
| GSTR-4 | F.Y. 20-21 | Composition Taxpayers (Annual Return) | 30-04-2021 | 31-07-2021 | Notification No. 25/2021 – Central Tax dated 1st June, 2021 |
| GSTR-5 | Mar-21/ Apr-21/ May-21 |
Non-Resident Taxpayers (NRTP) | 20-04-2021/ 20-05-2021/ 20-06-2021/ |
30-06-2021 | Notification No. 24/2021 – Central Tax dated 1st June, 2021 |
| GSTR-6 | Apr-21/ May-21 |
Input Service Distributors (ISD) | 13-05-2021/ 13-06-2021/ |
30-06-2021 | Notification No. 24/2021 – Central Tax dated 1st June, 2021 |
| GSTR-7 | Apr-21/ May-21 |
Tax Deductors at Source (TDS deductors) | 10-05-2021/ 10-06-2021/ |
30-06-2021 | Notification No. 24/2021 – Central Tax dated 1st June, 2021 |
| GSTR-8 | Apr-21/ May-21 |
Tax Collectors at Source (TCS collectors) | 10-05-2021/ 10-06-2021/ |
30-06-2021 | Notification No. 24/2021 – Central Tax dated 1st June, 2021 |
| ITC-04 | For Quarter Jan-21 to Mar-21 | Filed by Principal/Manufacturer for goods sent/received/supplied from Job Worker | 25-04-2021 | 30-06-2021 | Notification No. 26/2021 – Central Tax dated 1st June, 2021 |
- Amnesty Scheme Re-Introduced – Waiving Off the Late Fees For Pending Return
| Amnesty Scheme | |||||
| Return Type |
Tax Period | Return to Be Filed Between | Category | Maximum Late Fees Per Return (Late Fees Under CGST & SGST Acts Both Included) | Relevant Notification |
| GSTR-3B | July’17 to April’21 | 01.06.2021 to 31.08.2021 | Nil Tax Liability | 500 | Notification No. 19/2021 – Central Tax dated 1st June, 2021 |
| Other Cases | 1,000 | ||||
- To reduce the burden of late fees on small taxpayers the upper cap on late fees has been aligned with tax liability/turnover of the taxpayers as follows
| Rationalized Late Fees U/s 47 of CGST Act for Delayed Filing of Returns | ||||
| Sl. No. | Delay in Filing of Return | Category of Taxpayers | Maximum Late Fees Per Return (Late Fees Under CGST & SGST Acts Both Included) | Relevant Notification |
| 1 | GSTR-1 / GSTR-3B |
Nil outward supplies in GSTR-1 or Nil tax liability in GSTR-3B (Irrespective of AATO in PFY*) | 500 | Notification No. 19/2021 (For GSTR-3B) & 20/2021 (For GSTR-1) – Central Tax dated 1st June, 2021 |
| 2 | GSTR-1 / GSTR-3B |
AATO in PFY* is up to 1.5 Cr., other than those covered under Sl. No. 1 | 2,000 | |
| 3 | GSTR-1 / GSTR-3B |
AATO in PFY* is between 1.5 Cr. To 5 Cr., other than those covered under Sl. No. 1 | 5,000 | |
| 4 | GSTR-1 / GSTR-3B |
AATO in PFY* is Above 5 Cr., other than those covered under Sl. No. 1 | 10,000 | |
| 5 | GSTR-4# | If tax liability is NIL in the return | 500 | Notification No. 21/2021 – Central Tax dated 1st June, 2021 |
| Otherwise | 2,000 | |||
| 6 | GSTR-7 | Person Required to Deduct Tax at Source Under GST Act |
Late Fees reduced to Rs. 50 per day & Maximum Capping of Rs. 2,000 | Notification No. 22/2021 – Central Tax dated 1st June, 2021 |
* AATO in PFY means Annual Aggregate Turnover in Preceding Financial Year
# Reduction in late fees for delayed filing of GSTR-4 applicable from F.Y. 2021-22 onwards
- Other Miscellaneous Relaxations
| Other Miscellaneous Relaxations | |
| Description | Relevant Notification |
| Cumulative application of Rule 36(4) of CGST Rules, 2017, for availing ITC for tax periods April, May and June 2021 in GSTR-3B for the tax period of June, 2021 | Notification No. 27/2021 – Central Tax dated 1st June, 2021 |
| Government Departments and Local Authorities excluded from the requirement to issue e-invoice. | Notification No. 23/2021 – Central Tax dated 1st June, 2021 |
| A registered person registered under the provisions of the Companies Act, 2013 shall, during the period 27-04-2021 to 31-08-2021, also allowed to furnish GSTR-1, Invoice Furnishing Facility (IFF) and GSTR-3B, through Electronic Verification Code (EVC) instead of DSC. | Notification No. 27/2021 – Central Tax dated 1st June, 2021 |