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:
Table of Contents
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:
| Category | Period of Reduction | Applicable Interest Rates |
| Regular taxpayer having an aggregate turnover of more than rupees 5 crores in the preceding financial year | March 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 year | March 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 year | March 2021 and April 2021 | -First 15 days from the due date – NIL; -For next 15 days- 9%; -Thereafter- 18% |
| Taxpayer under composition scheme | Quarter 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:
| Category | Period of Reduction | Applicable Interest Rates |
| Regular taxpayer having an aggregate turnover of more than rupees 5 crores in the preceding financial year | March 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 year | March 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 year | March 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/Chapter | Particulars |
| Chapter IV | Time 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 37 | Furnishing 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 50 | Interest on delayed payment of Tax |
| Section 68 | To extent E-way Bill is considered:- Inspection of Goods |
| Section 69 | Power to arrest |
| Section 90 | Liability of partners of firm to pay tax |
| Section 122 | Penalty for certain offences |
| Section 129 | Detention, 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 Return | Original Due Date | Extended Due Date |
| Section 39(3) ie. GSTR 7 | 10th May 2021 | 31th May, 2021 |
| Section 39(4) ie. GSTR-6 | 13th May 2021 | 31th May, 2021 |
| Section 39(5) ie. GSTR-5 | 20th May 2021 | 31th May, 2021 |
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GST Compliance calendar for May 2021
| Sr. No. | Month | Return Form | Month/Year | Due date |
| 1. | Filing of returns by registered person (Other than those opted for QRMP Scheme) | GSTR-1 | Apr,2021 | 26thMay 2021(Extended) |
| 2. | Quarterly Filing of GST returns by registered person (Those opted for QRMP Scheme) | IFF(QRMP) | Apr,2021 | 28th 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, 2021 | 20th 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 3B | Apr, 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-06 | Apr, 2021 | 25th May, 2021 |
| 6. | Return by non-resident taxable person | GSTR 5 | Apr, 2021 | 31th May 2021 (Extended) |
| 7. | Return by a person located outside India providing OIDAR services to non-taxable persons in India | GSTR 5A | Apr, 2021 | 20th May 2021 |
| 8. | Return for ITC received and distributed by ISD. | GSTR-6 | Apr, 2021 | 31th May 2021 (Extended) |
| 9. | Return for TDS deducted/TDS liability paid/payable | GSTR-7 | Apr, 2021 | 31th May 2021 (Extended) |
| 10. | Return for TCS Collected/TCS liability paid/payable | GSTR-8 | Apr, 2021 | 31th May 2021 (Extended) |
| 11. | Summary of goods sent to/received from a job-worker. | ITC-04 | Jan-Mar, 2021 | 31st May 2021 (Extended) |
| 12. | Return by composition taxpayers | GSTR -4 | FY 2020-21 | 31st May 2021 (Extended) |
*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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Read:
- GST Late Fees Waived off & Due Date Extended 2021: Covid-19 Relief
- GST on Goods Transport Agency (GTA): Detailed Analysis
- Analysis of applicability of GST registration for service providers
