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

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
Form	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.

05-05-2021

07-05-2021

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.

05-05-2021

09-05-2021

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

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