By extending the deadlines for filing various GST returns, the government has provided significant relief to taxpayers. In addition, the government has waived the late fee for late filing of GSTR-3B.
For the months of March and April 2021, this includes an extension of the deadline for filing GST returns, a reduced late fee amount, and even a late fee waiver in some cases. According to the notice, no late fees will be charged if the return is filed within 30 days of the original due date for the quarter ending March 31, 2021. 43rd GST Council Meeting On May 28.
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Businesses with aggregate revenue of more than Rs 5 crore in the previous financial year will be exempt from paying a late fee if they fail to file their GSTR-3B returns within 15 days of the due date in March and April. You can also add or change your account number in the GST portal.
The late fee is waived for companies with an aggregated turnover of up to Rs 5 crore for up to 30 days of late payment over the two-month period.
The 30-day window applies to taxpayers with an aggregated turnover of up to Rs 5 crore for the term January-March 2021.
The deadline to file a return in Form GSTR-4 under the Central Goods and Services Tax Rules, 2017, for the fiscal year ending March 31, 2021, has been pushed back a month to May 31, 2021.
The government has also extended the deadline for filing the Form GST ITC-04 declaration in respect of products dispatched to or obtained from a job worker from January 1 to March 31, 2021, to May 31, 2021.
GSTR-1 due date for April 2021 has been postponed to May 26th, and IFF due date has been delayed to May 28th. For the months of April and May 2021, the government further relaxed the levy of interest for non-payment, short payment, or delay in the payment of tax dues.