GST Notifications by CBIC as on 01st May,2021.

In GST Council updates by Keval Sheth

gst-notifications-may-21
Extension in dates of various GST Compliances
for GST Taxpayers vide Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021.

The details are summarized below:
Filing of Form GSTR-1/IFF by Normal Taxpayers:

Sl. No.

Return Type(Form)

To be filed by

Tax period

Due Date

Due Date Extended till

 Notification No.

1

Form GSTR-1 (Monthly)

Normal Taxpayer filing Monthly returns

April, 2021

11.05.2021

26.05.2021

 12/2021

2

Form IFF

Normal Taxpayers under QRMP Scheme

April, 2021

13.05.2021

28.05.2021

 13/2021

Filing of Returns by Composition, NRTP, ISD, TDS & TCS Taxpayers and ITC – 04:

Sl. No.

Return Type(Form)

To be filed by

Tax period

Due Date

Due Date Extended till

 Notification No.

1

GSTR-4

Composition Taxpayers (Annual Return)

FY 2020-21

30th April, 2021

31st May, 2021

 10/2021

2

GSTR-5

Non Resident Taxpayers (NRTP)

March/ April, 2021

20th April/ May, 2021

31st May, 2021

 14/2021

3

GSTR-6

Input Service Distributors (ISD)

April, 2021

13th May, 2021

31st May, 2021

 14/2021

4

GSTR-7

Tax Deductors at Source (TDS deductors)

April, 2021

10th May, 2021

31st May, 2021

 14/2021

5

GSTR-8

Tax Collectors at Source (TCS collectors)

April, 2021

10th May, 2021

31st May, 2021

 14/2021

6

Form ITC – 04

Principal/Manufacturer for goods sent/received/supplied from Job Worker)

Quarter ended- Jan-March, 2021

25th April,
2021

31st May, 2021

 11/2021

Amidst the second wave of covid-19 pandemic throughout the country and complete/partial lock-down 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 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.

Summary of the GST notifications issued by CBIC on 01st May 2021
SUMMARY OF NOTIFICATIONS ISSUED ON 01ST MAY 2021
Waiver of Late Fees Upto
Form Tax Period
March 2021 April 2021
GSTR 1 Not Applicable 26-May-2021
IFF Not Applicable 26-May-2021
GSTR 3B > 5 Cr turnover (Monthly) 05-May-2021 04-Jun-2021
GSTR 3B <  5 Cr turnover (Monthly) 20-May-2021 19-Jun-2021
GSTR 3B – Category 1 (Quarterly) 22-May-2021 Not Applicable
GSTR 3B – Category 2 (Quarterly) 24-May-2021 Not Applicable
ITC – 04 31-May-2021 Not Applicable
Interest waiver category 1*
Rate of Interest Return period March Return period April
Above 5 Cr Below 5 Cr Monthly QRMP Above 5 Cr Below 5 Cr 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 5 Cr Monthly QRMP Above 5 Cr Below 5 Cr 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 for Composition Tax Payer for Jan to March’ 2021
Rate of Interest for Late Payment For Jan – March 2021 Form Due Date
0% p.a. 01-05-2021 GSTR – 4 Annual 31-05-2021
9% p.a. 18-05-2021
18% p.a. after 18-05-2021
Relaxation for reversal of ITC as per Rule no.36(4)
Cumulative adjustments for ITC for April and May 2021 as per the above provision can be given in GSTR 3B to be filed for the month of May 2021
* Category 1 includes Chattisgarh, 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 Odhisa.
NOTE : AS PER NOTIFICATION 08/2021, 09/2021, 10/2021, 11/2021, 12/2021, 13/2021 DATED  01ST MAY, 2021

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About the Author

Keval Sheth

Functional Consultant (Indirect Taxation) A Solution Expert in GST Domain, he worked as a Service Delivery Manager with remarkable achievement in managing a team and successfully delivering the GST E-filing and Compliance services to most of the leading clients. He brings along 18+ years of experience of Accounting, Taxation, Finance, Auditing and Risk management, Fraud Investigation, Detection and Control. He has expertise in Foreign Exchange Operations and AML / KYC compliance