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1) GST Amnesty Scheme 2021

2)Relaxation in Late – Fee Payment

3)Due Dates Extended

4) Other Relaxation

 

Summary of GST notification are tabulated below: –

Relevant Notifications (Central Tax dated 01.05.2021)
Notification No. Central Tax	Description
08/2021	Interest Relaxation for Tax Payable of Mar-Apr-21
09/2021	Late Fee Relaxation for GSTR3B of Mar-Apr-21
10/2021	Extension of GSTR-4 for FY 2020-21
11/2021	Extension of filing ITC-04 for Q4 of FY 2020-21
12/2021	Extension for GSTR-1 Due Dates for Apr-21
13/2021	Relaxation for Rule 36(4) and furnishing IFF for Apr-21
14/2021	Other relaxations for Completion or Compliance of Action under GST

Relevant Notifications (CT dated 01.06.2021)
Notification No. Central Tax	Description
16/2021	Retrospective Amendment to Section-50
17/2021	Due Date Extension GSTR1 for May’2021
18/2021	Reduced ROI for Mar’21 to May’21
19/2021	GST Amnesty Scheme and Rationalized Late Fees
20/2021	Rationalized Late Fees for GSTR1
21/2021	Rationalized Late Fees for GSTR4
22/2021	Rationalized Late Fees for GSTR7
23/2021	Taxpayers Exempted from E-Invoicing
24/2021	Various Compliances Extended
25/2021	GSTR4 Extended for 2020-21
26/2021	ITC04 for QE Mar’2021 Extended
27/2021	Extended IFF, Relaxations to Rule 36(4)

INTEREST ON NET CASH BASIS

Section 50 of the CGST Act, 2017 which is also replicated in SGST Acts, contains the provision for levy of interest on

delay or non-payment of GST.

In this regard, the Quantum of interestto be levied was under dispute from first day of introduction of GST. The dispute was whether GST will be charged before adjusting ITC (on Gross Liability) or after adjusting ITC (Net

Liability).

GST Council in its 43rd Meeting held that W.E.F 01.07.2017 – Retrospective amendment in section50 of the CGST Act,

providing for payment of interest on net cash basis (after adjusting ITC) .

Interest Waiver as per Notification 08/2021 and relaxation as recommended by 43rd GST Council

For Turnover > 5 Crores in preceding FY in case of GSTR 3B Return.

Returns	Due Date	Interest @ 9%		Late Fees @ 18%
		From	To	After
Mar-2021	20.04.2021	21.04.2021	05.05.2021	05.05.2021
Apr-2021	20.05.2021	21.05.2021	04.06.2021	04.06.2021
May-2021	20.06.2021	21.06.2021	05.07.2021	05.07.2021

If return not filed within due dates, then late fees @ Rs. 50/- (Nil Return: Rs. 20/-) per day will be applicable from the next day after

the due date as may be prescribed/specified.

For Turnover up to 5 Cr. in Preceding FY in case of GSTR 3B Return

Category A States

Taxpayer	Months	Due Date	Interest @ NIL		Interest @ 9%		Late Fees @NIL
			From	To	From	To	From	To
Monthly	Mar-2021	20.04.2021	21.04.2021	05.05.2021	06.05.2021	19.06.2021	21.04.2021	20.05.2021
	Apr-2021	20.05.2021	21.05.2021	04.06.2021	05.06.2021	04.07.2021	21.05.2021	19.06.2021
	May-2021	20.06.2021	21.06.2021	05.07.2021	06.07.2021	20.07.2021	21.06.2021	20.07.2021
Quarterly	Mar-2021	22.04.2021	23.04.2021	07.05.2021	08.05.2021	21.06.2021	23.04.2021	22.05.2021
	Apr-2021	25.05.2021	26.05.2021	09.06.2021	10.06.2021	09.07.2021	N.A.
	May-2021	25.06.2021	26.06.2021	10.07.2021	11.07.2021	25.07.2021

thereafter 18% and Category A: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra

Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep

For Turnover up to 5 Cr. in Preceding FY in case of GSTR 3B Return

Category B States

Taxpayer	Months	Due Date	Interest @ NIL		Interest @ 9%		Late Fees @NIL
			From	To	From	To	From	To
Monthly	Mar-2021	20.04.2021	21.04.2021	05.05.2021	06.05.2021	19.06.2021	21.04.2021	19.06.2021
	Apr-2021	20.05.2021	21.05.2021	04.06.2021	05.06.2021	04.07.2021	21.05.2021	04.07.2021
	May-2021	20.06.2021	21.06.2021	05.07.2021	06.07.2021	20.07.2021	21.06.2021	20.07.2021
Quarterly	Mar-2021	24.04.2021	25.04.2021	09.05.2021	10.05.2021	23.06.2021	25.04.2021	23.06.2021
	Apr-2021	25.05.2021	26.05.2021	09.06.2021	10.06.2021	09.07.2021	N.A.
	May-2021	25.06.2021	26.06.2021	10.07.2021	11.07.2021	25.07.2021

thereafter 18% and Category B: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland,

Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of J&K, Ladakh, Chandigarh or Delhi.

 

Relaxations to Composition Taxpayers

Form	Frequency	Due Date	Interest @ NIL		Interest @ 9%
			From	To	From	To
CMP-08 (Self assessed tax)	Quarterly (Mar-2021)	18.04.2021	19.04.2021	03.05.2021	04.05.2021	17.06.2021

thereafter 18%

Extended Due Dates for GSTR-1, IFF and GSTR 4

Form	Period	Due Date
		Normally	Revised
GSTR1	Apr-21	11.05.2021	26.05.2021
IFF		13.05.2021	28.05.2021
GSTR1	May-21	11.06.2021	26.06.2021
IFF		13.06.2021	28.06.2021
GSTR4	FY 2020-21	30.04.2021	30.06.2021

 

Other Relaxations

• Due date for filing ITC04 (Goods dispatched to /received from Job work) for the Q4 (Jan-Mar) of 2020-21 has been extended to 06.2021.

• Government Departments and local authorities are exempted from E-Invoicing provisions

• Rule 36(4) pertain to restriction of ITC shall apply cumulatively for the period

April, May and June 2021 in the return FORM GSTR-3B for the tax period June-2021

• The time limit for completion of action of verification by the proper officer of the application for GST registration and its approval (Rule-9 of CGST rules pertaining to Verification of the Application and Approval) falls between 05.2021 to 30.06.2021 has been extended to 15.07.2021.

• Taxpayers registered under Companies Act can furnish returns by using EVCinstead of DSC till 08.2021

 

TIME LIMIT EXTENDED

Whose last date of completion falls between 15th April to 29th June is extended to

30th June 2021

1. Completion of any proceeding or passing of any order or issuance

of any of the following:

1. Notice,Intimation,Notification

2. Sanction and Approval(by any authority, commission or tribunal)

2. Filing of any Appeal ,Reply and Application

3. Furnishing of any

• Report
• Document
• Return
• Statement or such other record

4. Refund Orders under Section 54(5) and Section 54(7) shall be extended up to15 days after the receipt of reply to the notice

OR 30^th June-2021 (W.E. later)

 

NO BENEFIT OF EXTENSION IN FOLLOWING THE SECTION

Sec 12 to 15                   Time and Value of Supply Sec 25                          Procedure for Registration

Sec 27                              CTP & NRTP Provisions

Sec 31                             Tax Invoice Provisions

Sec 37                              Filing GSTR1

Sec 47 & Sec 50-          Late Fees and Interest

Sec 68                             Inspection of Movement of Goods

Sec 69                             Power to Arrest

Sec 90                             Liability of Partners of firm to pay tax

Sec 122                          Penalty for certain offences

Sec 129                          Detention, seizure, & release of goods & conveyance in transit