The same are summarized below.
A. Interest & Late Fee Relaxation for GSTR-3B
1. Aggregate Turnover > Rs. 5 crores in preceding FY
- Period: March and April 2021
- Late Fee waived off for the first 15 days from the due date of the return
- Interest @9% for the first 15 days from the due date
- Interest @18% for the period thereafter
2. Monthly Taxpayer with Aggregate Turnover =< Rs. 5 crores in preceding FY
- Period: March and April 2021
- Late Fee waived off for the first 30 days from the due date of the return
- Interest NIL for the first 15 days from the due date
- Interest @9% for the next 15 days
- Interest @18% for the period thereafter
3. Quarterly Taxpayer with Aggregate Turnover =< Rs. 5 crores in preceding FY
- Period: Jan to March 2021
- Late Fee waived off for the first 30 days from the due date of the return
- Interest NIL for the first 15 days from the due date
- Interest @9% for the next 15 days
- Interest @18% for the period thereafter
B. ITC-04: Goods Sent on Job Work (Jan-Mar 2021)
The Return in Form ITC-04 for details of goods sent on job work or received from job worker by the principal manufacturer has been extended to 31-May-2021.
C. Additional ITC Availment up to 5% - Cumulative for Apr & May
The condition of restricted availment of ITC up to 5% of eligible credit details of which have not been furnished by the supplier in the GSTR-1 or IFF shall apply cumulatively for the period of both April and May, 2021.
While filing Form GSTR-3B for May, 2021 a cumulative adjustment may be done for additional ITC up to 5% for both the months together.
D. Extension of Other Compliance Due Dates
Any time limit for any other action or compliance within the GST laws, if falling between 15th April to 30th May 2021, shall be deemed to extended to 31st May 2021.
This shall include due dates for issuance of notices, sanction of orders, filing of appeals, furnishing of returns, applications, etc.
E. Updated GST Compliance Calendar for May 2021
20th May: April Monthly GSTR-3B for Turnover > 5 crores
25th May: April Payment in QRMP through PMT-06 if Turnover =< 5 crores
26th May: April Monthly GSTR-1 for Turnover > 5 crores
28th May: April IFF (Optional) for QRMP Scheme
31st May: April Return in GSTR-6 for Input Service Distributors
31st May: Annual Return FY 2020-21 in GSTR-04 by Composition Dealer
