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Summary of Notifications – Central Tax (under the CGST Act) issued on June 1, 2021

1. Notification No. 27/2021 – Central Tax

 With this notification, the Central Goods and Services Tax Rules, 2017 stand amended.

  • A registered company during the period of 27th April, 2021 to 31st August, 2021 shall be allowed to furnish GSTR-3B and GSTR-1 using IFF, verified through electronic verification code (EVC).
  • The details using IFF for the month of May 2021 can be furnished from 1st June, 2021 till 28th June, 2021.
  • Rule 36(4) shall apply cumulatively for the tax periods April ’21 to June ’21. GSTR-3B must be furnished with the cumulative adjustment of input tax credit.

2. Notification No. 25/2021 – Central Tax

The due date of furnishing GST ITC-04 has been extended to 30th June, 2021. This return has to be filed in respect of goods dispatched to a job worker or received from a job worker, during the period from 1st January, 2021 to 31st March, 2021.

3. Notification No. 25/2021 – Central Tax

The due date for furnishing GSTR-4 for the financial year ending 31st March, 2021 has been extended to 31st July, 2021.

4. Notification No. 24/2021 – Central Tax

The time limit for completion or compliance of any action, by any authority or by any person, which falls within the period of 15th April 2021 and 29th June 2021, the time limit has been shifted to 30th June, 2021.

The time limit for completion of any action by any authority or by any person as per Rule 9 of the CGST Rules falling between 1st May 2021 and 30th June 2021, has been shifted to 15th July, 2021.

5. Notification No. 22/2021 – Central Tax

Waiver of late fee payable by any registered person, who fails to file FORM GSTR-7 for the month of June 2021, onwards. The late fees payable has been reduced to Rs 50 per day per return subject to a maximum of Rs 2000 per return.

6. Notification No. 21/2021 – Central Tax

Relaxation in late fee payable by any composition taxpayer, who fails to file FORM GSTR-4 for the Financial 2021-22, onwards.

Updated Fee Taxpayer Description
Rs.500 per return Composition taxpayers if tax liability is nil
Rs. 2,000 per return Other taxpayers

7. Notification No. 20/2021 – Central Tax

Relaxation in late fee payable by any composition taxpayer, who fails to file FORM GSTR-4 for the tax period June 2021 and Quarter ending June ‘21, onwards.

Updated Fee Taxpayer Description
Rs.500 per return A taxpayer who does not have any tax liability/ nil outward supplies in GSTR-1
Rs. 2,000 per return Taxpayers having AATO* in preceding financial year up to Rs 1.5 crore
Rs. 5,000 per return Taxpayers having AATO* in preceding financial year between Rs 1.5 crore to Rs 5 crore
Rs. 10,000 per return Taxpayers having AATO* in preceding financial year above Rs 5 crores

8. Notification No. 19/2021 – Central Tax

Relaxation in late fee payable by any registered taxpayer, who fails to file FORM GSTR-3B for the tax periods July 2017 to April 2021, provided that the returns are furnished between June 01, 2021 to August 31, 2021.

Updated Fee Taxpayer Description
Rs.500 per return A taxpayer who did not have any tax liability
Rs. 1,000 per return Other taxpayers

9. Notification No. 18/2021 – Central Tax

https://cbic-gst.gov.in/pdf/central-tax/notfctn-18-central-tax-hindi-2021.pdf

10. Notification No. 17/2021 – Central Tax

The due date for furnishing details of outward supplies Through Form GSTR-1 for the tax period of May 2021 has been extended from 11th June, 2021 to 26th June, 2021.

11. Notification No. 16/2021 – Central Tax

The Ministry of Finance has appointed 1st June 2021 as the notified date for Section 112 of the Finance Act 2021 to come into force. With this amendment, Section 50 stays amended which relates to Interest on delayed payment of GST.

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