The 43rd GST Council met under the Chairmanship of FM Smt. Nirmala Sitharaman along with ministers of the States & UTs through VC held on 28th May 2021. The council has made the following recommendations relating to the Amnesty scheme, changes in GST laws & procedures, reliefs in return filing & revised GST rates on goods and services.

Amnesty Scheme to provide relief to taxpayers regarding the late fee for pending GSTR-3B for the periods up to April’21 has been reduced/waived as under: –
i.  Has No Tax Liability – ₹500/return;
ii. Has A Tax Liability – ₹1000/return;
The reduced rate of the late fee would apply if GSTR-3B returns for these tax periods are furnished between 01.06.2021 to 31.08.2021.

Rationalization of the late fee imposed by recommending a cap applicable for prospective tax periods as under:
For GSTR1 & GSTR3B
i. Has No Tax Liability – ₹500/return.
ii. Has A Annual Aggregate Turnoveras in PY- Up to 1.5 Crs – ₹2000/return;  From 1.5 Crs to 5 Crs – ₹5000/return; Above 5 Crs – ₹10000/return.
For GSTR4
i. Has No Tax Liability – ₹500/return;
ii. Has A Tax Liability – ₹2000/return.
For GSTR7
Per day late fees revised to – ₹50/return with a max- ₹2000/return.

Annual Reconciliation & Returns
i. Filing of annual return in FORM GSTR-9 / 9A for FY 2020-21 optional for taxpayers having T/o up to Rs 2 Crore;
ii. Reconciliation statement in FORM GSTR-9C for the FY 2020-21 required by taxpayers with T/O above Rs 5 Crore (with a self-certified reconciliation statement instead of getting it certified by Chartered Accountants)

Revised due dates

Months	Due Date	Interest @ 9%		Late Fees @ NIL
		From	To	From	To
Mar’2021	20-04-2021	21-04-2021	05-05-2021	21-04-2021	05-05-2021
Apr’2021	20-05-2021	21-05-2021	04-06-2021	21-05-2021	04-06-2021
May’2021	20-06-2021	21-06-2021	05-07-2021	21-06-2021	05-07-2021
GSTR 3B T/O>5 Crs		After which Interest @18% to  be Charged		After which Late Fees of
				Rs 20/ day (for NIL)
				or Rs 50/day to be Charged

 

Frequency	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
	Mar’2021	22-04-2021	23-04-2021	07-05-2021	08-05-2021	21-06-2021	23-04-2021	21-06-2021
Quarterly (PMT-06)	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
GSTR 3B – T/O<5 Crs – Cat I States					After which Interest @18%  to be Charged		After which Late Fees of
							Rs 20/ day (for NIL)
							or Rs 50/day to be Charged

 

Frequency	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
	Mar’2021	24-04-2021	25-04-2021	09-05-2021	10-05-2021	23-06-2021	25-04-2021	23-06-2021
Quarterly (PMT-06)	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
GSTR 3B – T/O<5 Crs – Cat II States					After which Interest @18%  to be Charged		After which Late Fees of
							Rs 20/ day (for NIL)
							or Rs 50/day to be Charged

 

Period	Return	Due Date
		Original	Revised
Mar-21	GSTR-1	11-04-2021	11-04-2021
	IFF	13-04-2021	13-04-2021
Apr-21	GSTR-1	11-05-2021	26-05-2021
	IFF	13-05-2021	28-05-2021
May-21	GSTR-1	11-05-2021	26-06-2021
	IFF	13-06-2021	28-06-2021
GSTR 1/ IFF

 

Form	Frequency	Period	Due Date		Interest @ NIL		Interest @ 9%
			Original	Revised	From	To	From	To
CMP-08	Quarterly	Jan to March  2021	18-04-2021	NA	19-04-2021	03-05-2021	04-05-2021	17-06-2021
GSTR-4	Annual	F.Y. 2020-2021	30-04-2021	31-07-2021	NA		NA

Other Relaxations
GSTR 2B relaxation for the month of Apr’2021 & May 2021 as per Rule 36(4).
Filing of returns for companies via EVC till 31.08.2021. 
Apart from these, certain relaxation in rates of GST for goods and services are also recommended by the council including the equipment and medicines related to COVID19. 

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