GST News and Updates – June 2021
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, 2021, Notn No 14/2021-CT, dated 1st May, 2021,r/w Notn No 24/2021-CT, dated 1st June, 2021, Notn No 25/2021-CT, dated 1st June, 2021, Notn No 26/2021-CT, dated 1st June, 2021. The details are summarized below:
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 |
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 |
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
Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers
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:
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 |
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 |
Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers
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:
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 | ||
Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns
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:
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 |
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 |
44th GST Council Meeting
Change in GST Rates on goods being used in Covid-19 relief and management
The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing. The Council in its meeting has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021.
The details of recommendations are given below :
These rate reductions/exemptions shall remain in force upto 30th September 2021.
| S. No. | Description | Present GST Rate | GST Rate recommended by GST Council |
|
|||
| 1. | Tocilizumab | 5% | Nil |
| 2. | Amphotericin B | 5% | Nil |
| 3. | Anti-Coagulants like Heparin | 12% | 5% |
| 4. | Remdesivir | 12% | 5% |
| 5. | Any other drug recommended by Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment | Applicable Rate
|
5% |
|
|||
| 1. | Medical Grade Oxygen | 12% | 5% |
| 2. | Oxygen Concentrator/ Generator, including personal imports thereof | 12% | 5% |
| 3. | Ventilators | 12% | 5% |
| 4. | Ventilator masks / canula / helmet | 12% | 5% |
| 5. | BiPAP Machine | 12% | 5% |
| 6. | High flow nasal canula (HFNC) device | 12% | 5% |
|
|||
| 1. | Covid Testing Kits | 12% | 5% |
| 2. | Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH | 12% | 5% |
|
|||
| 1. | Pulse Oximeters, incl personal imports thereof | 12% | 5% |
| 2. | Hand Sanitizer | 18% | 5% |
| 3. | Temperature check equipment | 18% | 5% |
| 4. | Gas/Electric/other furnaces for crematorium, including their installation, etc. | 18% | 5% |
| 5. | Ambulances | 28% | 12% |
Clarifications regarding B2C QR Code
CBIC has clarified vide circular 156/12/2021-GST dated 21st June 2021 the following with respect to the implementation of QR code –
- QR code has to be provided for the person who has UIN – Unique Identity Number since he is not a registered person as per section 25 of CGST Act 2017;
- UPI ID is sufficient to be provided in QR code provided the UPI ID is linked to the bank account;
- UPI ID of the person authorised to collect payment has to be provided in the QR code, where the payment is collected by a person other than supplier i.e. E-commerce Operator or any other scenario;
- Where the recipient is outside India, place of supply falls within India and makes payment through RBI approved medium, QR code is not required to be provided in such invoice as it is not possible to make payment through QR code;
- Where the payment is received prior to issuance of invoice in retail sales counters, unique order ID/sales reference linked to the invoice of such transaction (which should be printed in the invoice and could be cross-verified) is sufficient to be provided in the QR code instead of the invoice number.
- Where the part payment is received in advance prior to issuance of the invoice, the QR code may provide the invoice value as the amount which is the balance payable against the invoice. Further details of the total invoice value, along with details/ cross-reference of the part payment/ advance/ adjustment done, and the remaining amount to be paid, should be provided on the invoice.