GST Updates & Compliance Calendar for May 2021

Amidst the COVID-19 pandemic throughout the country and lockdown already in force in most parts of the country, CBIC has issued various notifications to provide relief to the taxpayers for various GST compliance. We have summarised the recent GST updates & GST compliance calendar for May 2021.

Summary of Relief Measures announced in GST Compliances on 01st May 2021 is as follows:

GST Updates for May 2021: Due Date extension Announcement on 01-May-2021

Reduction in Interest Rate for delayed payment of GST (Notification No. 8/2021):

Interest Rate for delayed payment of GST has been lowered as follows:

CategoryPeriod of ReductionApplicable Interest Rates
Regular taxpayer having an aggregate turnover of more than rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 15 days from the due date – 9%;
-Thereafter- 18%
Regular taxpayer under Monthly Scheme having an aggregate turnover of up to rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 15 days from the due date – NIL;
-For next 15 days- 9%;
-Thereafter- 18%
Regular taxpayer under Quarterly Scheme (QRMP) having an aggregate turnover of up to rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 15 days from the due date – NIL;
-For next 15 days- 9%;
-Thereafter- 18%
Taxpayer under composition schemeQuarter ending March, 2021-First 15 days from the due date – NIL;
-For next 15 days- 9%;
-Thereafter- 18%

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Waiver of Late Fees who fail to furnish the returns in GSTR-3B for the month of March & April 2021 (Notification No. 9/2021):

Late fees for delayed filing for GSTR-3B has been waiver as under:

CategoryPeriod of ReductionApplicable Interest Rates
Regular taxpayer having an aggregate turnover of more than rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 15 days from the due date – Nil;
-Thereafter- applicable
Regular taxpayer under Monthly Scheme having an aggregate turnover of up to rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 30 days from the due date – Nil;
-Thereafter- applicable
Regular taxpayer under Quarterly Scheme (QRMP) having an aggregate turnover of up to rupees 5 crores in the preceding financial yearMarch 2021 and April 2021-First 30 days from the due date – Nil;
-Thereafter- applicable

Extension in due date for furnishing return by composition taxpayers (Notification No. 10/2021)

The due date for furnishing return by composition taxpayers in GSTR-4 for FY 2020-21 has been extended from 30th April to 31st May, 2021.

Extension in due date for furnishing the declaration in ITC-04 (Notification No. 11/2021): 

The due date for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, for for the quarter January 2021-March 2021 has been extended to 31st May, 2021 from 25th April,2021.

Furnishing the statement of outward supplies in FORM GSTR-1 (Notification No. 12/2021)

The due date for furnishing the details of outward supplies in FORM GSTR-1 for the month of April 2021 has been extended from 11th May to 26th May 2021.  

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Furnishing the statement of outward supplies in FORM IFF (Notification No. 13/2021):

The due date for furnishing the details of outward supplies for the month of April 2021 has been extended from 13th May to 28th May, 2021                           

Relaxation in restriction on availment of Input Tax Credit under rule 36(4) (Notification No. 13/2021)

Restriction on availment of Input Tax Credit under rule 36(4) will apply cumulatively for the period April and May, 2021 and the return in FORM GSTR-3B for the tax period May, 2021 has to be furnished with the cumulative adjustment of input tax credit for the said months.

Relaxation in time limit of other compliances by any Authority or any person (Notification No. 14/2021):

I. Where, any time limit for completion or compliance of any action, falls during the period from the 15th day of April, 2021 to the 30th day of May, 2021, and where completion or compliance of such action has   not been made within such time, then, the time limit for completion or compliance of such action, shall be extended upto the 31st day of May 2021, including the purpose of:-

a)      Completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called by any authority, commission or tribunal, by whatever name called, under the provisions of the Acts stated above; or

b)      Filing of any appeal, reply or application or furnishing of any report, document, return,statement or such other record, by whatever name called.

Provided that where any time limit for completion of any action by the Authority as prescribed under rule 9 in view of application and approval for grant of registration Falls during the period from 1st day of May 2021 to 31st day of May 2021, completion of such action shall be extended upto  15th June 2021.

II.     In case where notice has been issued in respect of rejection of refund claim whether in full or in part as per section 54 of the said act falls between the period 15th April 2021 till 30th  day of May 2021 shall be extended by 15 days after receipt of reply letter from the registered person or 31st day of May 2021 whichever is later.

Exclusion from Relaxation:

Sections/ChapterParticulars
Chapter IVTime of supply
Section 10(3) Lapse of Composition scheme due to crossing of Limits
 Section 25 Procedure for Registration
 Section 27 Provisions relating to Registration for Casual   taxable person & Non-resident Taxable person.
 Section 31 Tax Invoice
  Section 37Furnishing Details of Outward supplies
Section 39, except those covered u/s 39(3), (4) & (5)Furnishing of returns
Section 47 Levy of Late fee on Failure to Furnish return u/s 37, 38, 39 & 45
Section 50Interest on delayed payment of Tax
Section 68To extent E-way Bill is considered:- Inspection of Goods
Section 69 Power to arrest
Section 90Liability of partners of firm to pay tax
Section 122Penalty for certain offences
Section 129Detention, seizure and release of Goods and Conveyances in transit

It is evident from the Notification No. 14/2021 -Central Tax, Dtd 01-May-2021 that the following due date has also been extended to 31th May 2021 and not covered in exclusion under the said notification:

GST ReturnOriginal Due DateExtended Due Date
Section 39(3) ie. GSTR 710th May 202131th May, 2021
Section 39(4) ie. GSTR-613th May 202131th May, 2021
Section 39(5) ie. GSTR-520th May 202131th May, 2021

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GST Compliance calendar for May 2021

Sr. No.MonthReturn FormMonth/YearDue date  
1.Filing of returns by registered person (Other than those opted for QRMP Scheme)  GSTR-1Apr,202126thMay 2021(Extended)
2.Quarterly Filing of GST returns by registered person (Those opted for QRMP Scheme)IFF(QRMP)Apr,202128th May 2021 (Extended)
3.GST Filing of returns by registered person having turnover exceeding 5 crores (Relaxation has been provided w.r.t interest & late fees vide Notification no 8 & 9- CT dtd 01.05.21)GSTR-3B Apr, 202120th May 2021
4.GST Filing of returns by registered person having turnover upto 5 Cr under monthly return scheme (For A & B Category States) (Relaxation has been provided w.r.t interest & late fees vide Notification no 8 & 9- CT dtd 01.05.21)GSTR 3BApr, 2021*22nd July  2021 **24th July  2021            
5.GST Payment by registered person Opted for QRMP scheme (Relaxation has been provided w.r.t interest & late fees vide Notification no 8 & 9- CT dtd 01.05.21)PMT-06Apr, 202125th May, 2021
6.Return by non-resident taxable personGSTR 5Apr, 202131th May 2021 (Extended)
7.Return by a person located outside India providing OIDAR services to non-taxable persons in IndiaGSTR 5AApr, 202120th May 2021
8.Return for ITC received and distributed by ISD.GSTR-6Apr, 202131th May  2021 (Extended)
9.Return for TDS deducted/TDS liability paid/payableGSTR-7Apr, 202131th May 2021 (Extended)
10.Return for TCS Collected/TCS liability paid/payableGSTR-8Apr, 202131th May  2021 (Extended)
11.Summary of goods sent to/received from a job-worker.ITC-04Jan-Mar, 202131st May  2021 (Extended)
12.Return by composition taxpayersGSTR -4FY 2020-2131st May  2021 (Extended)
GST Compliance Calendar for May 2021

*Category A States: Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh.

**Category B States:Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha

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