{"id":247825,"date":"2021-05-03T11:02:14","date_gmt":"2021-05-03T05:32:14","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=247825"},"modified":"2023-10-03T14:27:17","modified_gmt":"2023-10-03T08:57:17","slug":"government-announces-various-relief-measures-for-taxpayers-under-gst-law-due-to-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/03\/government-announces-various-relief-measures-for-taxpayers-under-gst-law-due-to-covid-19-pandemic\/","title":{"rendered":"Government announces various relief measures for taxpayers under GST law due to COVID-19 pandemic"},"content":{"rendered":"<p style=\"text-align: justify;\">On May 01, 2021, the Government has issued notifications providing various relief measures for taxpayers. These measures are explained below:<\/p>\n<p style=\"text-align: justify;\"><strong>1.\u00a0\u00a0\u00a0\u00a0\u00a0 Reduction in rate of interest:<\/strong><\/p>\n<p style=\"text-align: justify;\">Concessional rates of interest in lieu of the normal rate of interest of 18% per annum for delayed tax payments have been prescribed in the following cases<strong>.<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>For registered persons having aggregate turnover above Rs. 5 crore: <\/strong>A lower rate of interest of 9 per cent for the first 15 days from the due date of payment of tax and 18 per cent thereafter, for the tax payable for tax periods March 2021 and April 2021, payable in April 2021 and May 2021 respectively, has been notified.<\/li>\n<li style=\"text-align: justify;\"><strong>For registered persons having aggregate turnover upto Rs. 5 crore: <\/strong>Nil rate of interest for the first 15 days from the due date of payment of tax, 9 per cent for the next 15 days, and 18 per cent thereafter, for both normal taxpayers and those under QRMP scheme, for the tax payable for the periods March 2021 and April 2021, payable in April 2021 and May 2021 respectively, has been notified.<\/li>\n<li style=\"text-align: justify;\"><strong>For registered persons who have opted to pay tax under the Composition scheme: <\/strong>NIL rate of interest for first 15 days from the due date of payment of tax and 9 per cent for the next 15 days, and 18 per cent thereafter has been notified for the tax payable for the quarter ending 31st March, 2021, payable in April 2021.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong><strong>2.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><strong>Waiver of late fee<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>\u00a0<\/strong><strong>For registered persons having aggregate turnover above Rs. 5 crore: <\/strong>Late fee waived for 15 days in respect of returns in <strong>FORM GSTR-3B <\/strong>furnished beyond the due date for tax periods March, 2021 and April, 2021, due in the April 2021 and May 2021 respectively;<\/li>\n<li style=\"text-align: justify;\"><strong>For registered persons having aggregate turnover upto Rs. 5 crore: <\/strong>Late fee waived for 30 days in respect of the returns in <strong>FORM GSTR-3B <\/strong>furnished beyond the due date for tax periods March, 2021 and April, 2021 (for taxpayers filing monthly returns) due in April 2021 and May 2021 respectively \/ and for period Jan-March, 2021 (for taxpayers filing quarterly returns under QRMP scheme) due in April 2021.<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>3.\u00a0\u00a0\u00a0\u00a0\u00a0 Extension of due date of filing GSTR-1, IFF, GSTR-4 and ITC-04<\/strong><strong>\u00a0<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">Due date of filing <strong>FORM GSTR-1 <\/strong>and <strong>IFF <\/strong>for the month of April (due in May) has been extended by 15 days.<\/li>\n<li style=\"text-align: justify;\">Due date of filing <strong>FORM GSTR-4 <\/strong>for FY 2020-21 has been extended from 30th April, 2021 to 31st May, 2021.<\/li>\n<li style=\"text-align: justify;\">Due date of furnishing <strong>FORM ITC-04 <\/strong>for Jan-March, 2021 quarter has been extended from 25th April, 2021 to 31st May, 2021.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">4.\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>Certain amendments in CGST Rules<\/strong>:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Relaxation in availment of ITC: <\/strong>Rule 36(4) i.e. 105% cap on availment of ITC in <strong>FORM GSTR-3B <\/strong>to be applicable on cumulative basis for period April and May 2021, to be applied in the return for tax period May 2021. Otherwise, rule 36(4) is applicable for each tax period.<\/li>\n<li style=\"text-align: justify;\">The filing of GSTR-3B and GSTR-1\/ IFF by companies using electronic verification code has already been enabled for the period from the 27.04.2021 to 31.05.2021.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">5.\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>Extension in statutory time limits under section 168A of the CGST Act: <\/strong>Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from <strong>15th April, 2021 to 30th May, 2021<\/strong>, has been extended upto <strong>31st May, 2021, subject to some exceptions <\/strong>as specified in the notification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 01, 2021, the Government has issued notifications providing various relief measures for taxpayers. These measures are explained below: 1.\u00a0\u00a0\u00a0\u00a0\u00a0 Reduction <\/p>\n","protected":false},"author":8808,"featured_media":26751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-247825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government announces various relief measures for taxpayers under GST law due to COVID-19 pandemic | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/03\/government-announces-various-relief-measures-for-taxpayers-under-gst-law-due-to-covid-19-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government announces various relief measures for taxpayers under GST law due to COVID-19 pandemic\" \/>\n<meta property=\"og:description\" content=\"On May 01, 2021, the Government has issued notifications providing various relief measures for taxpayers. 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Measures for Trade facilitation: a. Reduction in Late Fee for past Returns: As a measure to clean up pendency in return filing, late fee for non-furnishing\u00a0FORM GSTR-3B\u00a0for the tax period from\u00a0July, 2017 to January, 2020\u00a0has been\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/GST.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/GST.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/GST.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/GST.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/GST.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":253534,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/02\/cbic-relaxes-timeline-for-gst-amnesty-scheme\/","url_meta":{"origin":247825,"position":1},"title":"CBIC relaxes timeline for GST Amnesty Scheme","author":"Prachi Bhardwaj","date":"September 2, 2021","format":false,"excerpt":"The Central Board of Indirect Taxes has extended FORM GSTR-3B late fee Amnesty Scheme from 31.08.2021 upto 30.11.2021 vide notification no. 33\/2021-Central Tax dated August 29, 2021. The GST Amnesty Scheme has been extended till 30th November 2021. As per the Amnesty Scheme: The late fee waived will be 15\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/MicrosoftTeams-image-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/MicrosoftTeams-image-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/MicrosoftTeams-image-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/MicrosoftTeams-image-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/MicrosoftTeams-image-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":94111,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/12\/21\/benefit-of-lower-rate-of-income-tax-on-digital-turnover-for-small-businesses\/","url_meta":{"origin":247825,"position":2},"title":"Benefit of lower rate of income tax on digital turnover for small businesses","author":"Saba","date":"December 21, 2016","format":false,"excerpt":"Measures for Promoting Digital Payments & Creation of Less-Cash Economy:\u00a0 Benefit of lower rate of Income Tax on digital turnover for small businesses The benefit of lower rate of Income tax on digital turnover for small businesses up to a turnover of Rs.2,00,000,00 (Rupees Two Crore), announced by the Government\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":251405,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/16\/delhi-goods-and-services-tax-seventh-amendment-rules-2020\/","url_meta":{"origin":247825,"position":3},"title":"Delhi Goods and Services Tax (Seventh Amendment) Rules, 2020","author":"Prachi Bhardwaj","date":"July 16, 2021","format":false,"excerpt":"The Delhi Government has notified Delhi Goods and Services (Seventh Amendment) Rules, 2020 on July 07, 2021, effective from April 01, 2021. The Delhi Goods and Services (Seventh Amendment) Rules, 2020 amends the Delhi Goods and Services Tax Rules, 2017 in the following manner: \u00a0 S.No. Section under which composition\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"AAR","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/08\/image-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/08\/image-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/08\/image-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/08\/image-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/08\/image-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":227516,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/24\/corona-virus-relief-measures-relating-to-statutory-and-regulatory-compliance-matters-across-sectors-in-view-of-covid-19-outbreak-read\/","url_meta":{"origin":247825,"position":4},"title":"Corona Virus | Relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak","author":"Bhumika Indulia","date":"March 24, 2020","format":false,"excerpt":"Following are the decisions with respect to statutory and regulatory compliance matters related to various sectors: \u2014 Income Tax Extend last date for income tax returns for (FY 18-19) from 31st\u00a0March, 2020\u00a0 to\u00a0 30th\u00a0June, 2020. Aadhaar-PAN linking date to be extended from 31st\u00a0March, 2020 to 30th\u00a0June, 2020. Vivad se Vishwas\u00a0\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":231341,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/06\/25\/extension-of-various-time-limits-under-direct-tax-benami-laws\/","url_meta":{"origin":247825,"position":5},"title":"Extension of various time limits under Direct Tax &#038; Benami laws","author":"Bhumika Indulia","date":"June 25, 2020","format":false,"excerpt":"In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 31st March, 2020 which, inter alia,\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/247825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=247825"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/247825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/26751"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=247825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=247825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=247825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}