Archives June 2021

Extension in dates of various GST Compliances for GST Taxpayers

Extension in dates of various GST Compliances for GST Taxpayers

Government has extended the dates of various compliances by Taxpayers under GST vide Notn No 12/2021-CT, dated 1st May, 2021, r/w Notn No 17/2021 CT dated 1st June, 2021Notn No 14/2021-CT, dated 1st May, 2021,r/w Notn No 24/2021-CT, dated 1st June, 2021Notn No 25/2021-CT, dated 1st June, 2021Notn No 26/2021-CT, dated 1st June, 2021. The details are summarized below:

A. Filing of Form GSTR-1/IFF by Normal Taxpayers:

Sl.No. Form Type To be filed by Tax period Due Date/last date Due Date/ last date Extended till
1
Form GSTR-1 (Monthly)
Normal Taxpayer filing Monthly returns
May,2021
11.06.2021
26.06.2021
2
Form IFF (optional)
Normal Taxpayers under QRMP Scheme
May,2021
13.06.2021
28.06.2021

B. Filing of Returns by Composition, NRTP, ISD, TDS & TCS Taxpayers:

Sl.No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till
1
GSTR-4
Composition Taxpayers (Annual Return)
FY 2020-21
30th April, 2021
31st July, 2021
2
GSTR-5
Non Resident Taxpayers (NRTP)
March/April/May, 2021
20th April/ May/June, 2021
30th June, 2021
3
GSTR-6
Input Service Distributors (ISD)
April/May, 2021
13th May/June, 2021
30th June, 2021
4
GSTR-7
Tax Deductors at Source (TDS deductors)
-do-
10th May/June, 2021
30th June, 2021
5
GSTR-8
Tax Collectors at Source (TCS collectors)
-do-
10th May/June, 2021
30th June, 2021

C. Filing of Form ITC-04: The due date for filing of Form GST ITC-04 (to be filed by Principal/Manufacturer for goods sent/received/supplied from Job Worker) for the quarter Jan-March, 2021, (due date 25th April, 2021) has been extended till 30th June, 2021

This is for information and necessary action please.

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)

04/06/2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

B.Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme

Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1
March, 2021
Form GSTR-3B (Quarterly)
22/24th April, 2021,(Group A/B)
Nil
9%
18%
21/ 23rd June, 2021,(Group A/B)
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 30 days
From 46th day onwards
1
April, 2021
Form GST PMT-06
25th May, 2021
Nil
9%
18%
NA
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 15 days
From 31st day onwards
1 May, 2021
Form GST PMT-06
25th June, 2021
Nil
9%
18%
NA

C.Relaxations in filing Form CMP-08 for Composition Taxpayers:

Sl.No.
Tax Period
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1 March, 2021 (Qtr.)
18th April, 2021
Nil
9%
18%
NA

This is for information and necessary action please.

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

05/06/2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

  1. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 45 days
    From 61st day onwards
    1
    March, 2021
    > Rs. 5 Cr.
    20th April
    9%
    18%
    18%
    5th May, 2021
    Up to Rs. 5 Cr
    20th April
    Nil
    9%
    18%
    19th June, 2021
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 30 days
    From 46th day onwards
    1
    April, 2021
    > Rs. 5 Cr.
    20th May
    9%
    18%
    18%
    4th June, 2021
    Up to Rs. 5 Cr
    20th May
    Nil
    9%
    18%
    4th July, 2021
    Sl.No.
    Tax Period
    Class of taxpayer
    (Based on AATO)
    Due date of filing
    Reduced Rate of Interest
    Waiver of late fee till
    First 15 days from due date
    Next 15 days
    From 31st day onwards
    1
    May, 2021
    > Rs. 5 Cr.
    20th June
    9%
    18%
    18%
    5th July, 2021
    Up to Rs. 5 Cr
    20th June
    Nil
    9%
    18%
    20th July, 2021

This is for information and necessary action please.

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

05/06/2021

The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below:

(Note: Please refer to respective State/UT Notifications for waiver of State/UT tax).

    1. For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date:
      Sl.No
      Return in FORM GSTR-3B for the month/ quarter of
      Amount of Central & State/UT tax payablein the return
      If Return furnished between
      Late fee payable waived in excess of (Rs)
      1
      July, 2017 to April, 2021
      NIL
      1st June, 2021 and 31st August,2021
      500
      2
      July, 2017 to April, 2021
      Not NIL
      1st June, 2021 and 31st August,2021
      1000
    2. For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards:
      Sl.No
      Class of registered persons
      Late fee payable waived in excess of (Rs)
      1
      Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil
      500
      2
      Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1
      2,000
      3
      Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1
      5,000

This is for information please.

Table-12 of GSTR-1 (Advisory on PDF)

Table-12 of GSTR-1 (Advisory on PDF)

Table-12 of GSTR-1 pertains to the data related to the HSN-code wise supplies of goods & services declared in the aforesaid GSTR-1. It has been reported that in the GSTR-1 for the tax period of May 2021, the ‘Total Invoice value’ field in the preview PDF is displaying a value as ‘0’ (zero) instead of N.A, in the cases where the taxpayer has not reported any value in the concerned Table-12 of GSTR-1.

Technical team is working towards resolving this issue at the earliest. Meanwhile, taxpayers are requested to kindly proceed with their filing of GSTR-1 & ignore this error for the time being, till it is being fixed.

Upcoming functionalities to be deployed on GST Portal for the Taxpayers

Upcoming functionalities to be deployed on GST Portal for the Taxpayers

As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following functionalities are recently deployed or are being deployed on the portal shortly:

Sl.No.
Module
Form/ Functionality
Functionality released/ to be released for Taxpayers
Present Status
1
Ledgers
Negative liability statement made available to composition taxpayers
• In case of a negative liability in any tax period of a composition taxpayer (and if no amount is required to be paid by the taxpayer (during that period)), the said negative liability will be maintained in Negative liability statement. This negative balance lying in the negative liability statement will be automatically adjusted against the liabilities of subsequent tax period(s).
• The statement would be accessible to them, post-login, by navigating to Services > Ledgers > Negative Liability Statement.
Deployed on the Portal
2
Returns
Download of Form GSTR-4A in excel and auto-population of its details in Form GSTR-4 of the composition taxpayer
• Form GSTR-4A is an auto-drafted statement generated for Taxpayers opting for Composition levy, containing details reported by their registered suppliers in their Form GSTR-1/ GSTR-5 and by their TDS deductors in their Form GSTR-7.
• A facility to download the details of Form GSTR-4A, in an Excel file would be made available to the taxpayers, soon.
• This Excel file would contain consolidated summary of the supplies at GSTIN level, for the complete financial year, which are required to be reported in Annual Return filed by them in Form GSTR-4.
• This summary will also be auto-populated in Table 4A and 4B of their Form GSTR-4.
3
Front Office
Inclusion of common names in the HSN Directory and its download in excel format by the taxpayers
• The currently available HSN Master has been updated on the GST Portal and it now includes product names commonly used in Trade corresponding to a particular HSN code.
• A download facility for the entire HSN directory in Excel Format has also been provided to the taxpayers under the link “Download HSN in Excel Format”. This facility is available as a part of the ‘Search HSN’ functionality, available both in Pre and Post Login, on the GST Portal.
Deployed on the Portal

The above is for your information.

Module wise new functionalities deployed on the GST Portal for taxpayers

Module wise new functionalities deployed on the GST Portal for taxpayers

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders.

To view module wise functionalities deployed on the GST Portal and webinars conducted/ Videos posted on our YouTube channel, refer to table below:

Sl.No
Taxpayer functionalities deployed on the GST Portal during
Click link below
1
May, 2021 https://tutorial.gst.gov.in/downloads/news/newfunctionalitiescompilation_may%202021.pdf
2
April, 2021 https://tutorial.gst.gov.in/downloads/news/newfunctionalitiescompilation_april%202021.pdf
3
January-March, 2021 https://tutorial.gst.gov.in/downloads/news/newfunctionalitiescompilation_janmar2021.pdf
4
October-December, 2020 https://tutorial.gst.gov.in/downloads/news/functionalities_released_octtodec2020.pdf
5
Compilation of GSTN YouTube Videos posted from January-December, 2020 https://tutorial.gst.gov.in/downloads/news/gstn_youtube_videos_posted_2020.pdf
Webinars on recent functionalities related to Refunds deployed on GST Portal.

Webinars on recent functionalities related to Refunds deployed on GST Portal.

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders.

To view module wise functionalities deployed on the GST Portal and webinars conducted/ Videos posted on our YouTube channel, refer to table below:

Webinar Topic
New functionalities related to Refunds
Language of webinar
Hindi
Tamil
Marathi
Date
23.06.2021
24.06.2021
02.07.2021
Time
4:00 PM
12:00 PM
12:00 PM
Speaker
Sh. Sanjay Kumar Sharma, SM, GSTN
Sh. Rafi Ahmed Kidwai, Manager, GSTN
Sh. Bhagwan Patil, VP, GSTN
You tube link to join
https://youtu.be/oUALE__R8tc
https://youtu.be/-70ZzG0NNAY
https://youtu.be/76WhjL5CzdU

During these sessions, viewers can post their Queries in LiveChat / Comments section which will be responded to by our panel. Recording of these sessions will also be available on GSTNs dedicated YouTube channel, at https://www.youtube.com/channel/UCFYpOk92qurlO5t-Z_y-bOQ for viewing later on.
You all are requested to join the session in the language of your choice to benefit from the same.

Thanking You,
Team GSTN