GST Compliance Relaxations – May 2021

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Here is a summary of due date extensions and late fee waiver announced on 1 May 2021

GSTR-3B -No Late Fee –  Notification No 09/2021

A. Relaxation for Taxpayer with turnover of more than 5 Crore in financial year 2020-21 in respect of GSTR-3B -for the months of March and April 2021

  • No Late fees for a period of 15 days from the due date
  • Interest at 9% for the first 15 days from the due date and at 18% from thereafter

B. Relaxation for Taxpayer with  turnover of upto 5 Crore in financial year 2020-21

i) for monthly filers in respect of GSTR-3B -for the months of March and April 2021

  • No Late fees For a period of 30 days from the due date
  • No interest for the first 15 days from the due date. Thereafter 9 % interest for the next 15 days and at 18% from thereafter

ii) for quarterly filers in respect of GSTR-3B for Quarter Jan-March 2021

  • No Late fees For a period of 30 days from the due date
  • No interest for the first 15 days from the due date. Thereafter 9 % interest for the next 15 days and at 18% from thereafter 

GSTR-4 – Due date extended  Notification No 10/2021

GSTR-4 Annual Return for composition tax payers for the period 2020-21 is extended from 30 April to 31 May 2021

ITC-04 – Due date extended  Notification No 11/2021

ITC-04  in respect of goods despatched for job work  for the period Jan-March 2021  is extended to 31 May 2021

GSTR-1 – Due date extended  Notification No 12/2021

GSTR-1  in respect of details of outward supplies  for the period April 2021  is extended from 11 May to 26 May 2021

QRMP -April  – IFF –  Notification No 13/2021

GSTR-3B for the month of April 2021 can be filed using IFF from 1 May 2021 to 28 May 2021

Blog written by CA Jigar Shah , Partner of S K Rathi & Co, Chartered Accountants, Mumbai