Extension of various timelines of compliances under GST


1. Extension of due date for filing GSTR-4,5,6,7,8 FY 2020-21- The due date extended to 31st May 2021 from the current 30th April 2021.

2. Extension of due date for furnishing the declaration in ITC-04 in respect of goods dispatched to a job worker or received from a job worker for Jan-Mar’21 quarter- The due date extended to 31st May 2021.

3. Extension of due date for filing GSTR-1 for the month of April 2021- The due date extended to 26th May 2021.

4. Extension in due date for filing IFF for the month of April 2021- The due date extended to 28th May 2021. 


Relief Measures announced in GST Compliances In view of recent surge in coronavirus cases

 1. Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of March & April 2021

a. The regular taxpayer- Turnover more than 5 Cr- Interest rate reduced to 9% for first 15 days

b. The regular taxpayer- Turnover up to 5 Cr- Interest rate reduced to NIL for the First 15 days and 9% for the next 15 days.


2. Waiver of late fees for delayed filing of GSTR-3B for the month of March & April 2021

a. The regular taxpayer- Turnover more than 5 Cr- Late fees waived for 15 days

b. The regular taxpayer- Turnover less than 5 CrLate fees waived for 30 days



2. Reduction in Interest Rate for delayed GST payment for quarterly taxpayers  for the month of March & April 2021

    a. Upto 15 days -NIL
    b. 15 days to 30 days- 9%
    c. From 31st day-18%

    Waiver of late fees till 22/24 May 2021 for the quarter ending Jan -Mar  2021.

3. Reduction in Interest Rate for delayed GST payment for Composition taxpayer for the March’21 quarter- Interest rate reduced to NIL for First 15 days and 9% for next 15 days.

4. Relaxation in restriction of Input Tax Credit under rule 36(4)-, the said restriction of 5% shall apply cumulatively for the period April to May 2021.

5. Time limit for completion or compliance of any action, by any authority or by any person, which falls during the period from the 15th April 2021 to 30th May 2021 is extended up to 31st May 2021

6. Relaxation in restriction of Input Tax Credit under rule 36(4)-, the said restriction of 5% shall apply cumulatively for the period April to May 2021.


MCA UPDATES


1. Relaxation of time for filing certain forms under the Companies Act, 2013.

Download circular

2. Relaxation of time for filing forms related to the creation or modification of charges under the Companies Act, 2013.

Download circular

3. Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) – Clarification – reg.

Download circular

4. The Ministry has issued General Circular Number 06/2021 and Number 07/2021 on 3rd May 2021 allowing stakeholders to file various forms due for filing during 01/4/2021 to 31/05/2021 under the Companies Act, 2013/LLP Act, 2008 by 31st July 2021 without payment of additional fees. The changes required in the MCA-21 System to implement this decision are being made and stakeholders would be informed in this regard in due course through a similar Notice. The stakeholders may, therefore, plan accordingly.

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