Notification issued as per decisions taken in 43rd meeting of GST Council
GST Council in its 43rd meetings held on 28th May 2021 took several decisions to provide relief to the taxpayers.
CBEC has issued notifications to implement the recommendations of the GST Council as under:
| Notification No. | Particulars of relief provided |
| No. 17/2021 –Central Tax | Extension of due date of Form GSTR-1 for the month of May 2021 from 11th June, 2021 to 26th June, 2021 |
| No. 18/2021 –Central Tax | Turnover based reduction in rate of interest for late filing of GST returns for tax payers |
| No. 19/2021 –Central Tax | Turnover based waiver / rationalisation of late fee for delayed filing of Form GSTR-3B for specified periods |
| No. 20/2021 –Central Tax | Turnover based rationalisation of Late fee for delay in filing Form GSTR-1 for the tax period June, 2021 onwards or quarter ending June, 2021 onward |
| No. 21/2021 –Central Tax | Waiver of late fee for delayed filing of Form GSTR-4 financial year 2021-22 onwards. |
| No. 22/2021 –Central Tax | Waiver of late fee for delay in furnishing the return in FORM GSTR-7 for the month of June, 2021 onwards |
| No. 23/2021–Central Tax | Government department and local authority exempted from the requirement of e-invoicing |
| No. 24/2021 –Central Tax | Extension of due dated for compliances under GST laws falling in the period April to May 2021 |
| No. 25/2021 –Central Tax | Due date for filing Form GSTR-4 for the financial year 2020-2021 extended from 30th April, 2021 to 31st July, 2021 |
| No. 26/2021–Central Tax | Extension of due date for filing FORM ITC-04 for quarter ended March, 2021 to 30.06.2021 |
| No. 27/2021 –Central Tax | The Central Goods and Services Tax (Fifth Amendment) Rules, 2021. Extension of period for authentication of Form GSTR-1 and GSTR-3B through EVC. Cumulative period extended for claiming ITC in respect of invoices or debit notes not been uploaded by the suppliers |
Similar notices have been issued for Integrated Tax and Union Territory Tax.
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- Receipts mentioning that it was towards corpus, donation assumed to be for corpus of trust
- Credit in partner’s capital account for book entry adjustments can not be added u/s 68
- Non-compliance of summons issued u/s 131 no ground to make addition u/s 68
- Assessee not obliged to demonstrate actual utilization of donation u/s 35(1)(ii)
- For Registration u/s 12AB, phrase “genuineness of activities” is interpreted liberally
