43rd GST Council Meeting held on 28th May 2021. Although the council meeting is required to meet once every quarter, the 43rd Council meeting has happened nearly after six months. Finance Minister chaired the GST Council Meeting from New Delhi via video conferencing. It was attended by MOS Anurag Thakur along with Finance Ministers of States and UTs and Sr. Officers from Union Government and States. Several recommendations have been made in the meeting, however, the same was notified by 12 notifications on 01st June 2021. In the council meeting, proposals have been made regarding changes in Interest rates and Late fees & several extensions to Tax payers as a relief measure.

Information has been presented in the form of a table for easier understanding of the user of the table below: –

Return	Tax Period	Original due date	As per last Extension	As per this extension
GSTR 1
	Month of April 21	11th May 21	26th May	–
	Month of May 21	11th June 21	–	26th June 21
IFF	Month of May 21	13th June 21	–	28th June 21
GSTR 4	FY 20-21	30th Apr 21	31st May 21	31st July 21
GSTR 5 & 5A
	Month of Mar 21	20th Apr 21	31st May 21	30th June 21
	Month of Apr 21	20th May 21	31st May 21	30th June 21
	Month of May 21	20th June 21	–	30th June 21
GSTR 6
	Month of Apr 21	13th May 21	31st May 21	30th June 21
	Month of May 21	13th June 21	–	30th June 21
GSTR 7 & 8
	Month of Apr 21	10th May 21	31st May 21	30th June 21
	Month of May 21	10th June 21	–	30th June 21
ITC 04	Quarter ending Mar 21	25th Apr 21	31st May 21	30th June 21

Interest and Late Fee Notifications

1. For PMT-06 (for taxpayers opted for QRMP) and CMP 08 (Composite taxpayers) –

Return	For the Period	Original Date	To be filed by	Benefit
PMT 06
	Apr 21	25th May 21	9th June 21	No interest
			10th June – 9th July	Interest @9%
	May 21	25th June 21	10th June 21	No interest
			11th June – 25th July	Interest @9%
CMP 08
	Quarter ending Mar 21	18th Apr 21	3rd May 21	No interest
			4th May to 17th June	Interest @9% + No late fees till 17th July 21

2. For GSTR 3B filers –

Criteria	Period	Original Date	If filed by	Benefit Available
T.O. up to Rs. 5cr
	Month of Mar 21	20.04.21	05th May 21	No Interest to be charged
			6th May to 19th June	Interest @9% + No late fees to be charged till 19th June 21
	Month of Apr 21	20.05.21	04th June	No Interest to be charged
			5th Jun to 4th July	Interest @9% + No late fees to be charged till 4th July 21
	Month of May 21	20.06.21	05th July	No Interest to be charged
			06th July to 20th July	Interest @9% + No late fees to be charged till 20th July 21
T.O. up to Rs. 5cr	Month of May 21	20.06.21	05th July 21	Interest @9% + No late fees to be charged till 05th July 21
Quarterly Filers in Category A states/ UTs
	Quarter ending Mar 21	22.04.21	07th May 21	No interest to be charged
			8th May to 21st June	Interest @9% + No late fees till 21th July 21
Quarterly Filers in Category B states/ UTs
	Quarter ending Mar 21	24.04.21	09th May 2021	No Interest to be charged
			10th May to 23rd June	Interest @9% + No late fees till 20th July 21

Other Recommendations

• Allowing cumulative application under Rule 36(4)for availing ITC for tax periods April, May and June 2021 in the return for the period June, 2021.
• Allowing filing of returns by companies using Electronic Verification Code (EVC), instead of Digital Signature Certificate (DSC) till 08.2021.
• Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from 15th April 2021 to 29th June 2021, to be extended up to 30th June, 2021, subject to some exceptions.
• Taxpayers are allowed to self-certify their reconciliation statement under FORM GSTR-9C for FY 20-21.
• Reconciliation statement in FORM GSTR-9C for the FY 2020-21 is required to be filed by taxpayers with annual aggregate turnover above Rs 5 Crore only.
• Filing of annual return in FORM GSTR-9/ 9A for FY 2020-21 is optional for taxpayers having aggregate annual turnover up to Rs 2 Crore.
• GST Council recommended amendments in certain provisions of the Act to make the present system of filing GSTR-1 GSTR-3Bas the default return filing system in GST.

Written by
Ashutosh Poddar
Articled Clerk