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Out of the current scenario due to pandemic, Central Board of Indirect Taxes and Customs extends Relief to SMEs
Extension & relief in filing GSTR 3B as follows:
Revised Dates for GSTR3B [Turnover < 5 Crs in P.Y.]
|
Frequency |
Months |
Due Date |
Interest @ NIL |
Interest @ 9% |
Late Fees @NIL |
|||
|
From |
To |
From |
To |
From |
To |
|||
|
Monthly |
Mar’21 |
20.04.2021 |
21.04.2021 |
05.05.2021 |
06.05.2021 |
20.05.2021 |
21.04.2021 |
20.05.2021 |
|
Apr’21 |
20.05.2021 |
21.05.2021 |
04.06.2021 |
05.06.2021 |
19.06.2021 |
21.05.2021 |
19.06.2021 |
|
|
Quarterly |
CT I St |
22.04.2021 |
23.04.2021 |
07.05.2021 |
08.05.2021 |
22.05.2021 |
23.04.2021 |
22.05.2021 |
|
Apr’21 |
25.05.2021 |
26.05.2021 |
09.06.2021 |
10.06.2021 |
24.06.2021 |
N.A. |
||
Revised Dates for GSTR3B [Turnover > 5 Crs in P.Y.]
|
Months |
Due Date |
Interest @ 9% |
Late Fees @ NIL |
||
|
From |
To |
From |
To |
||
|
Mar’21 |
20.04.2021 |
21.04.2021 |
05.05.2021 |
21.04.2021 |
05.05.2021 |
|
Apr’21 |
20.05.2021 |
21.05.2021 |
04.06.2021 |
21.05.2021 |
04.06.2021 |
Note:
Interest will be charged in a staggered manner wherever applicable. If return not filed within the last date of any benefits.
Late fees @ Rs 50 [Nil Return: Rs 20] per day will be applicable from the next day of the due date as specified.
Extension & relief in filing GSTR 1 :
Revised Dates for GSTR 1
|
Form |
Period |
Due Date |
|
|
Original |
Revised |
||
|
GSTR 1 |
Apr’21 |
11.05.2021 |
26.05.2021 |
|
Form -IFF |
13.05.2021 |
28.05.2021 |
|
Extension & relief to Composition Taxpayers:
|
Form |
Frequency |
Due Date |
Interest @ NIL |
Interest @ 9% |
||
|
From |
To |
From |
To |
|||
|
CMP08 |
Q-Mar’21 |
18.04.2021 |
19.04.2021 |
03.05.2021 |
04.05.2021 |
18.05.2021 |
The date for furnishing return by composition taxpayers on an annual basis in FORM GSTR-4 for the FY 2020-21 extended till the 31st May 2021.
Relaxation in availing of Input Tax Credit:
-
- Rule 36(4) [restricts ITC beyond 5% of the ITC reflected in Form GSTR 2A/2B] will apply cumulatively for the period April’21 & May’21 and the return of May’21 in FORM GSTR-3B to be furnished with the cumulative adjustment of ITC.
- The date for furnishing the declaration in Form ITC-04 [ goods dispatched to a job worker or received from a job worker] for the quarter Jan’21-Mar’21 extended to 31st May 2021.
Relaxation – Others:
If falling between 15th April 2021 to 30th May 2021 – Extended till – 31st May 2021.
-
- Completion of any proceeding or passing of any order or issuance of any of the following: Notice/ Intimation/ Notification/ Sanction/Approval {by any authority, commission or tribunal};
- Filing of any: Appeal/ Reply/ Application;
- Furnishing of any: Report/ Documents/ Return/ Statements or such other records;
- Refund Orders u/s 54(5) or 54(7);.
Note: The above article only refers to a part of the Notification dated 1st May 2021. For detailed analysis and applicability please get back to us at info@taxmanta.com.
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