Interpretation of Notification 08 to 14 of 2021 in an easy way: By CA Monish Shah

Spread the love
Reading Time: 3 minutes

 

Notification No 08/2021 to 14/2021 CGST , 01/2021 of IGST & 01/2021 of UTGST                  – BY CA MONISH S SHAH
Sr No Particulars Due Dates Late Fees applicable From Interest Month/ Quarter
 

1

 

3B Monthly for Taxpayers having an aggregate turnover of more than rupees

5 crores in the preceding financial year

 

20th of Next Month

 

05-05-2021

 

9%  till 5-5-2021 and

18% post  that

 

Mar-21

 

2

 

3B Monthly for Taxpayers having an aggregate turnover of more than rupees

5 crores in the preceding financial year

 

20th of Next Month

 

04-06-2021

 

9%  till 4-6-2021 and

18% post  that

 

Apr-21

 

 

3

3B Monthly for Taxpayers having an aggregate turnover of up to rupees 5

crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of section 39

 

 

20th of Next Month

 

 

20-05-2021

 

Nil  Till 05/05/2021 9%  till 20/05/2021  and

18% post that

 

 

Mar-21

 

 

4

3B Monthly for Taxpayers having an aggregate turnover of up to

rupees 5

crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of section 39

 

 

20th of Next Month

 

 

19-06-2021

 

Nil  Till 04/06/2021 9%  till 19/06/2021 and

18% post that

 

 

Apr-21

 

 

5

 

3B Quarterly for Taxpayers having an aggregate turnover of up to rupees 5

crores in the preceding financial year who are liable to furnish the return as specified under  provisio to sub-section (1) of

section 39 (QRMP)

 

 

22nd Of Next Month

 

 

22-05-2021

 

Nil  Till 07/05/2021 9%  till 22/05/2021  and

18% post that

 

 

Mar-21

 

 

6

 

3B Quarterly for Taxpayers having an aggregate turnover of up to rupees 5

crores in the preceding financial year who are liable to furnish the return as specified under  provisio to sub-section (1) of

section 39 (QRMP)

 

 

25th of Next Month

 

 

Only Payment No return

 

Nil  Till 09/06/2021 9%  till 24/06/2021 and

18% post that

 

 

Apr-21

 

7

 

 

3B for Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39 i.e. Composition Scheme

 

18th April 2021

 

3B not Applicable

 

Nil  Till 03/05/2021

9%  till 18/05/2021      and 18% post that

 

Qtr Ending March 2021

8 GSTR-4 31st May 2021 2020-21
9 ITC -04 31st May 2021 Jan- Mar 2021
10 GSTR-1 26th May 2021 Apr-21
11 Rule 36(4) Cummulative to be calculated for April & May 2021
12 IFF 28th May 2021     Apr-21
 

 

 

 

13

 

All Proceedings, Passing of Orders, Issue of Notice, Intimation, Notification, Sanction , Approval, Appeals, Reply or Application of any report , document, returns,    statements or such other records under this Act if falls within 15/4 to 30/5 and if completion not done then can be done by 31/5/2021. However if the deadline is between 01/5/2021 to 31/5/2021 and if completion not done then can be done by 15/06/2021. However this will not apply to

(a)  Chapter IV                                                                                                                                                                                                                                                                                   (b)

sub-section (3) of section 10, sections 25, 27, 31, 37, 47, 50, 69, 90, 122, 129;

(c)  section 39, except sub-section (3), (4) and (5);

(d) section 68, in so far as e-way bill is concerned; and

(e) rules made under the provisions specified at clause (a to d )

 

 

Sr No. Section No. Corresponding rules Provisions related to
 

1

 

Chapter IV

 

Chapter IV of CGST Rules, 2017, rules ranging from

27 to 35.

 

Time and Value of Supply

 

2

 

Section 10(3)

 

 

Lapse of Composition scheme due to crossing of Limits

 

3

 

Section 25

Rule No.8,14,9,10, 10A,11,12, 16,17,18, 24,25, 26  

Procedure for Registration

 

4

 

Section 27

 

Rule No. 13 & 15

Provisions  relating to  Registration  for  Casual taxable person & Non-resident Taxable person.
 

5

 

Section 31

Rule No. 46,46A,47,49,50, 51, 52,53  

Tax Invoice

6 Section 37 Rule No. 59, 78,79 Furnishing Details of Outward supplies
 

7

 

Section   39,   excep t  t hose covered u / s 39(3), ( 4 ) & (5)

 

Rule 61,62

 

Furnishing of returns.

 

8

 

Section 47

 

Levy of Late fee on Failure to Furnish return u/s 37,38,39 & 45.
 

9

 

Section 50

 

 

Interest on delayed payment of Tax

 

10

 

Section 68, t o th e e xt en t E

w a y B ill is co n si d ere d .

 

 

Inspection of Goods in movement.

 

11

 

Section 69

 

 

Power to Arrest

 

12

 

Section 90

 

 

Liability of partners of firm to pay tax.

 

13

 

Section 122

 

 

Penalty for certain offences

 

14

 

Section 129

 

Detention, seizure  and release  of Goods and Conveyances in transit.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed

error: Content is protected !!