Summary of Notifications no. 05 , 06 , 07 , 08 , 09 under Central Tax, GST

In GST Council updates by Keval Sheth

GST-Notifications-may
  1. CBIC provided relief by waiving late fees for filing GSTR 3B
    Relief by waiving late fees for filing GSTR 3B Notification No
    1. 15 days from the due date of furnishing return for the months of March & April 2021 in case of Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year,
    2. 30 days from the due date of furnishing return for the months of March & April 2021 in case of Taxpayers having an aggregate turnover of upto rupees 5 crores in the preceding financial year.
    3. 30 days from the due date of furnishing return for the quarter Jan-March 2021 in case of Taxpayers having an aggregate turnover of upto rupees 5 crores in the preceding financial year and opted for QRMP scheme.
    		 09/2021 dated 01.05.2021

     

  2. CBIC provided relief by low interest rate for late filing of monthly/quarterly GSTR 3B as well as ITC- 04
    Seeks to provide relief by lowering of interest rate for late filing of monthly/quarterly returns in Form GSTR-3B as well for late filing of ITC -04 by the composition taxpayers. Notification No
    Relief by low interest rate for late filing of monthly/quarterly Form GSTR 3B as well as ITC -04 for tax period ending 31-03-2021 and 30-04-2021. 08/2021 dated 01.05.2021-Central Tax

    01/2021 dated 01.05.2021-Integrated Tax

    01/2021 dated 01.05.2021-Union Territory Tax

     

  3. CBIC provided the facility of Filing GSTR 3B, GSTR 1/ IFF using EVC instead of DSC on 27.04.2021
    GSTR-3B & GSTR-1/ IFF, using EVC enabled for companies Notification No
    The facility of filing GSTR-3B and GSTR-1/ IFF, using EVC instead of DSC, for companies has been provided upto May 31, 2021. 07/2021 dated 27.04.2021

     

  4. CBIC amends notification no. 89/2020 dated 29th November, 2020 related to waiver of penalty for not capturing of QR code in Einvoice.
    Waived penalty payable for non-compliance and non issuance of Dynamic QR Code   Notification No.
    Government has made the amendments in notification No. 89/2020 which was issued on 29th November, 2020. In this notification, Government has notified the waiver of penalty for non compliance of capturing dynamic QR code in GST Invoice from December 2020 to June 30, 2021, fixed deadline of compliance to July 1, 2021. 06/2021 dated 30.03.2021
  5. CBIC amends rules related to E-Invoice under GST Notifications- Central Tax’s Popular Posts
    GST e-Invoicing turnover limit reduced to ₹ 50 Crores w.e.f.  01.04.2021   Notification No.
    Now taxpayers having turnover exceeding Rs 50 Crores will have to generate Einvoice effective April 1, 2021. 05/2021 dated 08.03.2021

Share this Post

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

Recent Posts