Relief Measures announced in GST Compliances

1. Extension in due date for filing GSTR-4: -

   Composition taxpayers for FY 2020-21- The due date extended to 31st May 2021 from current 30th April 2021.

2. Waiver of late fees in GSTR-3B: - GSTR-3B for the month of March & April 2021 and January-March, 2021

• Turnover more than 5 Cr: - filed within 15 days from original due date

• Turnover up to 5 Cr: - filed within 30 days from original due date

3. Extension in due date for filing GSTR-1/IFF: -

   For the month of April 2021- The due date extended

• GSTR-1- 26 May 2021
• IFF- 28 May 2021

4. Extension in 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.

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

6. Reduction in Interest Rate: - delayed GST payment for Regular/ Composition Taxpayers for the month of March & April 2021 and quarter of March 2021 (Composition)

• Turnover more than 5 Cr: -Interest rate reduced to 9% for first 15 days and thereafter interest rate 18 %

• Turnover upto 5 Cr: - Interest rate reduced to NIL for First 15 days and 9% for next 15 days and thereafter interest rate 18 %

• Composition Taxpayer: - Interest rate reduced to NIL for First 15 days and 9% for next 15 days and thereafter interest rate 18 %