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

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

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

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

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 )

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

Procedure for Registration

4

Section 27

Rule No. 13 & 15

5

Section 31

Tax Invoice

7

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

Rule 61,62

Furnishing of returns.

8

Section 47

–

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

–