1. Date of Effect of Section 112 of the Finance Act 2021
    Vide     Notification No. 16/2021 – Central Tax, CBIC has appointed 1st June 2021 as the date on which Section 112 of the Finance Act 2021 shall come into force. This section seeks to amend Section 50 of the Central Goods and Services Tax Act, 2017 which relates to Interest on Delayed Payment of GST.
  2. CBIC extends the due date for filing GSTR-1 for May 2021 by 15 days
    Vide Notification No. 17/2021 – Central Tax, CBIC has extended the due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 from 11th June 2021 to 26th June 2021.
  3. CBIC provides relief by lowering the interest rate
    Vide Notification No. 18/2021 – Central Tax, CBIC has provided relief to taxpayers by lowering the interest rate for a specified time for tax periods March 2021 to May 2021, w.e.f 18th May 2021, in the following link: – https://www.cbic.gov.in/htdocs-cbec/gst/notfctn-18-central-tax-english-2021.pdf
  1. CBIC rationalizes late fee for delay in filing of return in Form GSTR-3B
    Vide Notification No. 19/2021 – Central Tax, CBIC has rationalized late fee for delay in filing of return in FORM GSTR-3B w.e.f 20th May 2021 and has provided a conditional waiver of late fee for delay in filing FORM GSTR-3B from July 2017 to April 2021. Moreover, the authorities have also provided a waiver of late fees for late filing of return in FORM GSTR-3B for specified taxpayers and specified tax periods. link:- https://www.cbic.gov.in/htdocs-cbec/gst/notfctn-19-central-tax-english-2021.pdf
  1. CBIC rationalizes late fee for delay in furnishing of the statement of outward supplies in Form GSTR-1
    Vide Notification No. 20/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1 from June 2021 onwards or the quarter ending June 2021 onwards, details in the following link:- https://www.cbic.gov.in/htdocs-cbec/gst/notfctn-20-central-tax-english-2021.pdf
  1. CBIC rationalizes late fee for delay in filing of return in Form GSTR-4
    Vide Notification No. 21/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-4 for FY 2021-22, – (i) Which is in excess of Rs. 250/- where the total amount of central tax payable in the said return is NIL, – (ii) Which is in excess of Rs. 1000/- for the registered persons other than those covered under clause (i).

  1. CBIC rationalizes late fee for delay in filing of return in Form GSTR-7
    Vide Notification No. 22/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-7 for the month of June 2021 onwards for an amount that is in excess of one thousand rupees.
  2. Vide Notification No. 23/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has excluded government departments and local authorities from the requirement of issuance of e-invoice.
  3. Vide Notification No. 24/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended all the due date compliances fall during the period from 15th April 2021 to 29th June 2021, till 30th June 2021.
  4. Vide Notification No. 25/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended the due date for filing FORM GSTR-4 for the FY 2020-21 to 31st July 2021.
  5. Vide Notification No. 26/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended the due date for furnishing of FORM ITC-04 for QE March 2021 to 30th June 2021.
  6. Vide Notification No. 27/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fifth Amendment) Rules, 2021 in order to further make amendments to the Central Goods and Services Tax Rules, 2017. As per the notification, amendments have been made under Rule 26(1) and 36(4) of the CGST Rules 2017.