Summary of the GST notifications dated 01st June 2021

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Summary of the GST notifications issued by CBIC as on 01st June 2021 to give effects to the 43rd GST Council meeting dated 28th May 2021
GST Council meeting dated 28th May 2021

Notification No. & Date of Issue

Subject

27/2021-Central Tax dated 01.06.2021

Seeks to make amendments (Fifth Amendment, 2021) to the CGST Rules, 2017.

26/2021-Central Tax dated 01.06.2021

Seeks to extend the due date for furnishing of FORM ITC-04 for Q March, 2021 to 30.06.2021.

25/2021-Central Tax dated 01.06.2021

Seeks to extend the due date for filing FORM GSTR-4 for financial year 2020-21 to 31.07.2021.

24/2021-Central Tax dated 01.06.2021

Seeks to amend notification no. 14/2021-Central Tax in order to extend due date of compliances which fall during the period from "15.04.2021 to 29.06.2021" till 30.06.2021.

23/2021-Central Tax dated 01.06.2021

Seeks to amend Notification no. 13/2020-Central Tax to exclude government departments and local authorities from the requirement of issuance of e-invoice.

22/2021-Central Tax dated 01.06.2021

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-7.

21/2021-Central Tax dated 01.06.2021

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-4.

20/2021-Central Tax dated 01.06.2021

Seeks to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1.

19/2021-Central Tax dated 01.06.2021

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-3B ; and to provide conditional waiver of late fee for delay in filing FORM GSTR-3B from July, 2017 to April, 2021; and to provide waiver of late fees for late filing of return in FORM GSTR-3B for specified taxpayers and specified tax periods.

18/2021-Central Tax dated 01.06.2021

Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021to May, 2021.

17/2021-Central Tax dated 01.06.2021

Seeks to extend the due date for FORM GSTR-1 for May, 2021 by 15 days.

16/2021-Central Tax dated 01.06.2021

Seeks to appoint 01.06.2021 as the day from which the provisions of section 112 of Finance Act, 2021, relating to amendment of section 50 of the CGST Act, 2017 shall come into force.

Summary of notification no 19/2021-CT & 20/2021-CT dated 01/06/2021:

Revised late fees for late filing of GSTR-3B/GSTR-1 w.e.f. June 2021

Sr. No.

Class of registered persons

Maximum late fees

1

Registered persons whose total amount of tax payable in the said return is NIL

Rs. 5,00

2

Registered persons having an aggregate turnover of up to Rs. 1.5 crores in the preceding financial year, other than those covered under S. No. 1 above

Rs. 2,000

3

Taxpayers having an aggregate turnover of more than Rs. 1.5 crores and up to Rs. 5 crores in the preceding financial year, other than those covered under S. No. 1 above

Rs. 5,000

4

Taxpayers having an aggregate turnover of more than Rs. 5 crores in the preceding financial year, other than those covered under S. No. 1 above

Rs. 10,000

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