Relaxation in GST compliances & payment due to pandemics Covid
GST department has issued 5 notifications on 1st May 2021 granting various relaxation.
The short compilation along with the copy of the Notification is as under:
1. Notification no 8/2021 (payment of interest on delayed filing of GSTR 3B for March and April)
a. Registered person having aggregate turnover more than Rs 5 Cr in last year –
9% interest p.a. for first 15days after due date of filing of GSTR 3B and 18% interest p.a. thereafter.
b. Registered person having aggregate turnover upto Rs 5cr in last year –
No interest for first 15 days after the due date of filing of GSTR 3B, 9% p.a. for next 15 days and 28% p.a. thereafter.
2. Notification no 9/2021 (waiver of late fees for GSTR 3B for March and April)
a. Registered person having aggregate turnover of more than Rs 5cr in last year –
No late fees for the first 15 days from the due date.
b. Registered person having aggregate turnover upto Rs 5cr – No late fees upto 30 days from the due date.
3. Notification 11/2021 (Filing of Job Work return)
All Registered person can file ITC 04 for Jan – March 2021 till 31st May 2021.
4. Notification no 12/2021 (Filing of GSTR-1)
Registered person filling monthly GSTR 1 for April 2021 can file the same till 26th May 2021.
5. Notification 13/2021 (Availment of ITC and filing of IFF for April 2021)
a. Registered person can claim ITC for April 2021 as per their books without following GSTR 2A. However, while filing GSTR 3B for May 2021, it need to ensure that it has availed ITC for April and May , put together , as per GSTR 2A plus 5%
b. Registered person filling quarterly GSTR 1 can file outward supply details in IFF for April 2021 from 1st May till 28th May 2021. Earlier the due date was till 13th May 2021.
