PARTICULARS

NOTIFICATION No.

PURPOSE

Extension of due date for filing of GSTR-1

Notification No. 83/2020-Central Tax, dated 10th November, 2020 has been amended vide Notification No. 17/2021- Central Tax, dated 1st June, 2021

Extend the time limit for furnishing the details of outward supplies in Form GSTR-1 for the month of May, 2021 from June 11, 2021 to June 26, 2021.

Lowering of interest rates for delayed payment of tax

Notification No. 18/2021-Central Tax dated 1st June, 2021

Reduced the rate of interest for delayed payment of CGST (u/s 50 of the CGST Act, 2017) for the month of May, 2021

Amnesty Scheme regarding late fee for pending Forms GSTR-3B

Notification No. 19/2021– Central Tax dated 1st June, 2021

Notification No. 2/2021 – Integrated Tax dated 1st June, 2021.

An amnesty scheme has been introduced by way of capping the late fees for non-furnishing of Form GSTR-3B for the tax periods from July 2017 to April 2021

Interest rate for delayed payment of IGST has also been lowered parallelly

Waiver of late fees on delayed filing of GSTR3B

Notification No. 76/2018-Central Tax dated 31st December, 2018 has been further amended vide Notification No. 19/2021- Central Tax dated 1st June, 2021

to waive off late fees payable on belated furnishing of GSTR-3B for the months of March 2021, April 2021, May, 2021 and for the quarter January-March 2021

Reduction in late fee in case of delayed filing of Form GSTR-3B

Notification No. 19/2021 – Central Tax dated 1st June, 2021

To reduce the late fee payable on delay in furnishing of Form GSTR3B for June, 2021 onwards or quarterly returns from the quarter ending June, 2021 onwards

Reduction in late fee in case of delayed filing of Form GSTR-1

Notification No. 20/2021-Central Tax, dated 1st June,2021 has amended Notification No. 4/2018– Central Tax, dated the 23rd January, 2018

To reduce the late fee payable on delay in furnishing of Form GSTR-1 for the tax period June, 2021 onwards or quarter ending June, 2021 onwards

Reduction in late fee in case of delayed filing of Form GSTR-4 (Annual Return filed by Composition taxpayers)

Notification No. 73/2017-Central Tax dated 29th December, 2017 has further been amended vide Notification No. 21/2021- Central Tax dated 1st June, 2021

To reduce the late fees for delay in furnishing of Form GSTR-4 for financial year 2021- 22 onwards

Reduction in late fees in case of delayed filing of Form GSTR-7

Notification No. 22/2021- Central Tax dated 1st June, 2021

The CBIC has reduced the amount of late fees payable on delay in furnishing the return in Form GSTR-7 (TDS return) for the month of June, 2021 onwards, to ₹25 (plus ₹25/- for SGST) subject to maximum of ₹1000 (plus ₹1000/- for SGST).

No e-invoicing for Government department & local authority

Notification No. 13/2020-Central Tax, dated 1st June, 2020 has been amended vide Notification No. 23/2021- Central Tax, dated 1st June, 2021

To exempt Government department and local authority from the requirement of issuing e-invoice.

Due date of filing Form GSTR 4 extended upto 31st July, 2021

Notification No. 25/2021 – Central Tax, dated 1st June, 2021.

The due date of filing of Form GSTR 4 for the financial year 2020-21 has been extended up to 31st July, 2021. This amendment shall be deemed to have come into force with effect from 31st May, 2021.

Extension of due date for furnishing declaration in Form GST ITC-04

Notification No. 11/2021- Central Tax, dated 1st May, 2021 has been amended vide Notification No. 26/2021- Central Tax, dated 1st June, 2021

To extend the time period for furnishing the declaration in Form GST ITC-04 (Job work movements) for the period January 2021 to March, 2021, up to 30th June, 2021. This amendment shall be deemed to have come into force with effect from 31st May, 2021.

Extension granted for specified compliances falling due between 15.04.2021 to 29.06.2021 till 30.06.2021

Notification No. 14/2021- Central Tax, dated 1st May, 2021 has been amended vide Notification No. 24/2021- Central Tax, dated 1st June, 2021

To extend the time limit for completion or compliance of any action, by any authority or by any person which falls due during the period from the 15th April, 2021 to 29th June, 2021, up to 30th June, 2021 subject to some exceptions specified in the notification

Place of supply of B2B supply of maintenance, repair & overhaul services in respect of ships/vessels notified

Notification No. 03/2021-Integrated Tax dated June 02, 2021 has amended Notification No. 04/2019- Integrated tax dated September 30, 2019

The CBIC to notify place of supply for the service under section 13(13) of the IGST Act, 2017

Time of payment of tax for a builder promoter in case of a joint development agreement (JDA)

Notification No. 03/2021- Central Tax (Rate), dated 2nd June, 2021 has amended Notification No.06/2019- Central Tax (Rate), dated the 29th March, 2019

Parallel amendment has been made for IGST vide Notification No. 03/2021- Integrated Tax (Rate), dated 2nd June, 2021

The CBIC to make the following amendments in the said notification:

i) for the words “in whose case the liability to”, the words “, who shall” shall be substituted;

ii) for the words “shall arise on the date of issuance of completion certificate for the project, where required, by the competent authority or on its first occupation, whichever is earlier”, the words “in a tax period not later than the tax period in the date of issuance of the completion certificate for the project, where required, by the competent authority, or the date of its first occupation, whichever is earlier, falls” shall be substituted.

As per GST Council recommendation, the above amendment will allow the developer promotor to pay GST relating to such apartments any time before or at the time of issuance of completion certificate.