Relief to taxpayers: GSTR-3B, GSTR-1, ITC-04, GSTR-4 due date extended, Waives Late Fee For GSTR-3B.
Updated on : 2021-May-03 17:40:43 | Author :
By extending the deadlines for filing various GST returns, the govt has provided important relief to taxpayers. In collation, the Indian govt has put away or waives the late fee for the late filing of GSTR-3B.
The due dates for filing GST returns can be extended by issuing orders or notifications. Here, we have got for you the list of upcoming GST returns due dates you must not miss !
- GSTR-3B Return Due Dates Extended for march and April, Waives Late Fee For GSTR-3B
- GSTR-1 April month Due Dates extended 26 May
- ITC-04 January to march & GSTR-4 Due Dates extended up to 31 May
- IFF due date has been late to May 28th
- GSTR-4 financial year ending March 31, has been extended a month to May 31, 2021
Due dates Extended for filing of Form GSTR-3B
| up to Rs 5 crore | 30 days of late payment over the two-month period |
| up to Rs 5 crore for the term January-March 2021 | 30-day window applies to taxpayers |
| more than Rs 5 crore | 15 days of the due date in March and April |
For the months of March and April 2021, this cover an extension of the deadline for filing GST returns, a reduced late fee amount, and even a late fee put away in some cases. Following 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.
GST Latest Updates
1. Businesses with total 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.
2. The late fee is put away for companies with a total turnover of up to Rs 5 crore for up to 30 days of late payment over the two-month period.
3. The 30-day window applies to taxpayers with a total turnover of up to Rs 5 crore for the term January-March 2021.
4. The deadline to file a return in Form GSTR-4 under the Central Goods and Services Tax Rules, 2017, for the financial year ending March 31, 2021, has been extended a month to May 31, 2021.
5. 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 working from January 1 to March 31, 2021, to May 31, 2021.
6. GSTR-1 due date for April 2021 has been holding to May 26th, and IFF due date has been late to May 28th.
7. For the months of April and May 2021, the government further relaxed the imposition of interest for non-payment, short payment, or delay in the payment of tax dues.
If GST Returns are not filed within time, you will be liable to pay interest and a late fee. Interest is 18% per annum. if you face any trouble to return your gst you can contact our lenstax expert team. our expert team always ready to move for support your legal desire.
