GST Relaxation to Taxpayer in Second Wave of Covid-19

We hope that you and your family members are healthy and safe in the event of this Covid-19 pandemic, the government is also considering the hurdle faced by the taxpayer to meet compliance under GST. Therefore, the government has issued a notification to provide some exemption to taxpayers.

Notification No. 07/2021-Central Tax: –

As Per Notification No. 07/2021 dated 27/04/2021  the taxpayer registered under the Companies Act 2013, can file GSTR-1 , GSTR-3B , IFF using EVC from the period 27th April’2021 to 31st May’2021.

Notification No. 08/2021-Central Tax: –

As Per Notification 08/2021 dated 01/05/2021 in  reference to vide notification no. 51/2020

CBIC has provide relaxation in Interest liability occurred due to late filling of GSTR-3B are as follow: –

Class of Taxpayer’s Rate of Interest Tax Period for which relaxation has been provided
Taxpayer having aggregate turnover more than 5 crores in Preceding financial year Return filled within 15 days from due date = 9%

March’2021 April’2021

Return filled after 15 days from due date = 18%
Taxpayer having aggregate turnover up to 5 crores in Preceding financial year Return filled within 15 days from due date = NIL

 March’2021  April’2021

Return filled after 15 days from due date    = 9%
Return filled after 30 days from due date = 18%
Taxpayer paying tax under Section 10 (Composition Scheme) Return filled within 15 days from due date = NIL Quarter ending March’2021

This notification shall come into force from 18th April 2021

Similar Notification has been also issued under UTGST, IGST Act

Notification No. 09/2021-Central Tax: –

As Per Notification 09/2021 dated 1/05/2021 in reference to vide notification no. 57/2020

 

CBIC has waived late fess occurred due to late filling of GSTR-3B are as follows: –

Sr. No. Class of Taxpayer Tax Period for which late fees waived No. of days for which late fess waived
1 Taxpayer having aggregate turnover more than 5 crore in Preceding financial year March’2021, April’2021 15 Days
2 Taxpayer having aggregate turnover up to 5 crores in Preceding financial year March’2021, April’2021 30 Days
3 Taxpayer having aggregate turnover up to 5 crores in Preceding financial year Jan’2021 to Mar’2021 30 Days

 

Similar Notification has been also issued under UTGST, IGST Act

Notification No. 10/2021-Central Tax: –

As Per Notification no. 10/2021 dated 01/05/2021 CBIC has been extended the Due date of GSTR-4 (Annual return of Composition Taxpayer) to the 31st May 2021.

This notification shall deemed come into force with effect from 30th April’2021.

Notification No. 11/2021-Central Tax: –

As Per Notification no. 11/2021 dated 01/05/2021 CBIC has been extended the Due date of ITC – 04 for the period (Jan’21 to Mar’21) to the 31st May 2021.

This notification shall deemed come into force with effect from 25th April’2021.

Notification No. 12/2021-Central Tax: –

As Per Notification no. 12/2021 dated 01/05/2021 CBIC has been extended the Due date of GSTR-1 for the period April’2021 to the 26th May 2021.

Notification No. 13/2021-Central Tax: –

As Per Notification no. 13/2021 dated 01/05/2021 following relaxation has been given

  • Compliance with Rule36(4) of CGST Rules 2017 shall be cumulative for the period April’2021 and May’2021, provided further that GSTR-3B of May’2021 shall be furnished after the cumulative adjustment of Input Tax Credit.
  • Taxpayer may file IFF (Invoice Furnishing facilityfor the Period of April’2021 till 28th May

The time limit for any compliance and completeness by any authority or any other person which falls during the period from 15 April 2021 to 30 May -2021 will be extended to 31 May 2021.

Specified compliance for which extension is permitted: -

To carry out or pass any order of any authority or to issue any notice, notice, information, approval or approval or such action, by any authority, commission or tribunal, by whatever name called Is, under the provisions of. Acts described above; or
Submission of any report, document, application or any report, document, return, statement or other such record, by whatever name called, under the provisions of the above mentioned Acts;

Extension of time limit shall not applicable to following provisions of this act: –

  • Chapter IV (Time and Value of Supply)
  • 25 (Procedure of Registration)
  • 27 (Provision relating to CTP and NRTP)
  • 31 (Tax Invoice)
  • 37 (Furnishing details of outward supplies)
  • 47 (Levy of Late fees)
  • 50 (Interest on Delayed payment of Tax)
  • 69 (Tax Payable on Self -assessment basis)
  • 90 (Liability of partners of firm to pay Tax)
  • 122 (Penalty in case of Offences)
  • 129 (Detention, Seizure and release of goods and conveyances in Transit)
  • 10(3) (Compulsory withdrawal from composition Scheme due to aggregate turnover exceed specified limit)
  • 39 except Subsection (3), (4), (5)
  • 68 (Relating to E-way Bill)
  • Rule and Regulations relating to above mentioned sections
  • Compliance relating to Rule 9 (verification of application for registration and approval) falls during the period from May 1, 2021 to May 31, 2021, where such compliance has not been met, such deadline for completion of compliance is 15. Extended to June 2021.
  • In cases where a notice has been issued for rejection of the claim for refund in whole or in part, and the time limit for issuing the order in terms of the provisions of sub-section (5), along with sub-section (7) Read section 54 of the said Act falls on the 15th April, 2021 to the 30th day of May, 2021, in such cases, the time limit for issuing the said order shall be extended to fifteen days after receipt of the said order. Notice to registered person or from 31st day of May, 2021, whichever is later.

Tags: GST Relaxation to Taxpayer in Second Wave of Covid-19, GST Relaxation to Taxpayer in Second Wave of Covid-19



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