As we know many decisions were taken by GST Council in its 43rd meeting held on 28th May 2021 in regard to the grant of Covid relief to taxpayers. For implementing these decisions, twelve CGST Notifications have been issued on 1st June 2021 by CBIC. Similar Notifications, wherever required have also been issued under IGST and UTGST Act.
For ready reference of our readers the summary of all the CGST Notifications are tabulated below:
| Sl. No | Latest CGST Notification No. (all dated 1st June, 2021) | Amendment made to Notification No. / date or which provision has been enforced | Remarks |
| 1. | Notification No. 16/2021- Central Tax | The provisions in regard to applicability of Section 112 of the Finance Act, 2021 will be applicable from 1st June, 2021. | This provision is in regard to the application of GST interest on net cash/liability basis. This has been a litigated issue since long and finally it has been settled and in case any taxpayer files its GSTR-3B with delay he is required to pay interest on the net amount he is required to deposit in cash (after adjusting the eligible ITC he is entitled to). However, persons who have already paid interest on gross liability may not get any refund as the provision is enforced from 1st June, 2021. For more details CLICK HERE |
| 2. | Notification No. 17/2021- Central Tax | Amendment made to principal Notification No. 83/2020- Central tax dated 10th November, 2020 as recently amended vide Notification No. 12/2021 – Central Tax dated 1st May, 2021. | By this amendment, the GSTR-1 for the month of May 2021 can be filed by 26th June 2021. It is pertinent to mention here that earlier the due for filing of GSTR-1 for April 2021 was extended till 26th May 2021. |
| 3. | Notification No. 18/2021- Central Tax | Amendment made to principal Notification No. 13/2017- Central tax dated 28th June, 2017 as recently amended vide Notification No. 08/2021 – Central Tax dated 1st May, 2021. | Seeks to provide relief by lowering of interest rate for the month of March, April, and May 2021 as decided by GST Council. For details CLICK HERE |
| 4. | Notification No. 19/2021- Central Tax | Amendment made to principal Notification No. 76/2018- Central tax dated 31st December, 2018 as recently amended vide Notification No. 09/2021 – Central Tax dated 1st May, 2021. | Introduction of GST Amnesty Scheme for waiver of late fee of GSTR-3B returns for period July, 2017 to April 2021 if filed between 1st June, 2021 to 31st August 2021. For more details CLICK HERE. Further, the late fee to be charged for tax period June 2021 or the quarter ending June 2021 has been rationalized to Rs 500/- (CGST + SGST) per return for NIl return. In other cases, the late fee will be Rs 2000 (CGST +SGST) for taxpayers having aggregate turnover up to Rs 1.50 cr in preceding FY and Rs 5000 (CGST + SGST) for taxpayers having aggregate turnover more than Rs 1.50 crore and up to Rs 5 crore. |
| 5. | Notification No. 20/2021- Central Tax | Amendment made to principal Notification No. 4/2018- Central tax dated 23rd January, 2018 as last amended vide Notification No. 53/2020 – Central Tax dated 24th June, 2020. | Late fee to be charged for delayed filing of GSTR-1 for tax period June 2021 or the quarter ending June 2021 has been rationalized to Rs 500/- (CGST + SGST) per return for NIl return. In other cases, the late fee will be Rs 2000 (CGST +SGST) for taxpayers having aggregate turnover up to Rs 1.50 cr in preceding FY and Rs 5000 (CGST + SGST) for taxpayers having aggregate turnover more than Rs 1.50 crore and up to Rs 5 crore. |
| 6. | Notification No. 21/2021- Central Tax | Amendment made to principal Notification No. 73/2017- Central tax dated 29th December, 2017 as last amended vide Notification No. 93/2020 – Central Tax dated 22nd December, 2020. | Late fee to be charged for delayed filing of GSTR-4 for FY 2021-22 onwards has been rationalized to Rs 500/- (CGST + SGST) per return for NIL return and Rs 2000/- (CGST +SGST) in other cases. |
| 7. | Notification No. 22/2021- Central Tax | New Notification | Late fee to be charged for delayed filing of GSTR-7 for the month of June, 2021 onwards has been reduced to Rs 50 per day ( CGST +SGST) subject to a maximum of Rs 2000/- (CGST +SGST) per return. |
| 8. | Notification No. 23/2021- Central Tax | Amendment made to principal Notification No. 13/2020- Central tax dated 21st March, 2020 as last amended vide Notification No. 05/2021 – Central Tax dated 8th March, 2021 | This amendment has been carried to keep the government department and a local authority outside the rigors of GST e-invoicing. Meaning that government department and local authority will not be required to do GST e-invoicing. |
| 9. | Notification No. 24/2021- Central Tax | Amendment made to Notification No. 14/2021- Central tax dated 1st May, 2021 | Seeks to extend specified compliances falling between 15.04.2021 to 29.06.2021 till 30.06.2021 in exercise of powers under section 168A of CGST Act. |
| 10. | Notification No. 25/2021- Central Tax | Amendment made to principal Notification No. 21/2019- Central tax dated 23rd April, 2019 as last amended vide Notification No. 10/2021 – Central Tax dated 1st May, 2021 | Seeks to extend the due date for filing FORM GSTR-4 for financial year 2020-21 to 31.07.2021 from the earlier extended date of 31.05.2021. |
| 11. | Notification No. 26/2021- Central Tax | Amendment made to principal Notification No. 11/2021 – Central Tax dated 1st May, 2021 | Seeks to extend the due date for furnishing of FORM ITC-04 for the period Jan-March, 2021 till 30th June, 2021 from existing extended date of 31st May, 2021. |
| 12. | Notification No. 27/2021- Central Tax | Notified CGST (5th Amendment) Rules, 2021 Amendment to 4th proviso to Rule 26(1) of the CGST Rules as inserted vide Notification No. 7/2021 – Central Tax dated 27th April 2021 | Allowing filing of returns by companies using Electronic Verification Code (EVC), instead of Digital Signature Certificate (DSC) till 31.08.2021 from existing 31.05.2021. |
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CA. Mohammad Salim is an ICAI award winning Chartered Accountant having rich experience of more than 20 years in the field of indirect taxes. He is the Member, Indirect Taxes Committee of PHD Chamber of Commerce and Industry. He is author of four successful books on GST published by Taxmann Publication and is also GST expert on taxmann portal.
