Table of Contents
GST COMPLIANCE REQUIREMENTS FOR THE MONTH OF AUG 2021
GSTR –3B filing
- Taxpayers with an overall turnover of more than Rs. 5 Crore in the preceding fiscal year
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
August, 2021 |
20th September, 2021 |
- |
Due date for filing GSTR - 3B return for the month of June, 2021 for taxpayers with an aggregate turnover of more than INR 5 crores in the preceding fiscal year. |
- Taxpayers with a combined annual revenue of up to Rs. 5 crores in the preceding fiscal year (Group A)
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
August, 2021 |
22nd September, 2021 |
|
Due date for submitting GSTR-3B return for the month of June, 2021 for taxpayers having an aggregate revenue of up to INR 5 crores in the preceding fiscal year and who have chosen for quarterly filing of GSTR-3B. |
|
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep |
|||
- Taxpayers with an overall turnover of up to Rs. 5 Crores in the preceding fiscal year (Group B)
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
August, 2021 |
24th September, 2021 |
|
|
|
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi |
|||
- Form GSTR-1 Filing:
|
Tax period |
Due Date |
Remarks |
|
Monthly return (August, 2021) |
11.09.2021 |
Taxpayers with a total turnover of more than Rs. 1.50 crores or who have decided to file a monthly return |
- Non-Resident Taxpayers, ISD, TDS, and TCS Taxpayers
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
GSTR-5 & 5A |
Non-resident ODIAR service providers are required to file a monthly GST return. |
20th of succeeding month |
20.09.2021 |
|
GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.09.2021 |
|
GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.09.2021 |
|
GSTR -8 |
E-Commerce operator registered under GST liable to TCS |
10th of succeeding month |
10.09.2021 |
- Non-Resident Taxpayers, ISD, TDS, and TCS Taxpayers
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
Details of outward supply-IFF |
For registered persons with a turnover of less than INR 5 Crores and who have chosen for quarterly filing of returns, invoice furnishing is accessible. |
13th of succeeding month |
13.09.2021 |
G. GST Refund:
|
Form No. |
Compliance Particulars |
Due Date
|
|
RFD -10 |
Refund of Tax to Certain Persons |
18 Months after the end of quarter for which refund is to be claimed |
- Other Returns:
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
GST return for pending Period-Amnesty Scheme |
Filing of outstanding GST returns with a reduced penalty under the Amnesty Scheme |
July, 2017 to April, 2021 |
From 01.6.2021 to 30.11.2021 (earlier due date was 31.08.2021) |
Major Update: The deadline for filing a revocation application for cancelled registrations has been extended to September 30, 2021, for situations where the application deadline fell between March 1st, 2020 and August 31st, 2021. More information may be found under “News & Updates.”
The Goods and Services Tax Network (GSTN) recently announced in its advisory that Rule-59(6) of Central GST Rules which provides for restriction on the filing of GSTR-1 will come into effect from September 1, 2021. According to the new rule, “a registered person will not be allowed to furnish the details of outward supplies of goods or services or both in Form GSTR-1 if he or she has not furnished the return in Form GSTR-3B for the preceding two months.” These new rules will bring changes in the economy, banking, financial and other sectors of the Country.
The Goods and Services Tax Network (GSTN) has issued an advisory stating that Rule-59(6) of the Central GST Rules, which restricts the filing of GSTR-1, would go into effect on September 1, 2021. The new regulation states that “a registered person will not be permitted to provide the information of outward supplies of goods or services or both in Form GSTR-1 if he or she has not filed the return in Form GSTR-3B for the prior two months.”
These new laws will have an impact on the country's economy, banking, finance, and other sectors.
2. The GST Council will meet on September 17 to discuss the rate for COVID-19 necessities.
The Goods and Services Tax (GST) Council will convene in Lucknow on September 17. Among other things, the committee is scheduled to evaluate Covid essentials concessional prices. "Finance Minister Smt @nsitharaman will preside over the 45th meeting of the GST COUNCIL on September 17th in Lucknow," the Finance Ministry said in a tweet.
Notably, the preceding GST council meeting on June 12, 2021, was held online through videoconferencing. During the most recent GST meeting, tax rates on certain Covid-19 necessities were cut until September 30, as the country battled the second wave of COVID-19. The conference on September 17 might include discussions about compensating governments for revenue losses, reviewing Covid essentials prices, and inverting tariff on specific items.
GST UPDATES FOR THE PERIOD OF 01.08.2021 TO 31.08.2021:
|
Sl. |
Notification Particulars |
Notification No. |
Link (s) |
|
1.
|
Annual Return Filing by Composition Taxpayers. - Negative Liability in GSTR-4. |
GSTN Circular 491 |
|
|
2. |
New Annual Aggregate Turnover (AATO) capability has been introduced on the GST Portal for taxpayers. |
GSTN Circular 492 |
|
|
3. |
Checking and updating bank account information is a feature. |
GSTN Circular 493 |
|
|
4. |
Attempts to exclude taxpayers with AATO of up to Rs. 2 crores from the obligation to filing an annual return for fiscal year 2020-21. |
31/2021-Central Tax dated 30.07.2021 |
|
|
5. |
Attempts to modify Rule 80 of the CGST Rules, 2017, and to notify Forms GSTR 9 and 9C for Fiscal Years 2020-21. Rule 80 exempts taxpayers with AATO up to Rs. 5 crores from filing GSTR-9C. |
30/2021-Central Tax dated 30.07.2021 |
|
|
6 |
Sections 110 and 111 of the Finance Act of 2021 are proposed to be made effective on August 1, 2021. |
29/2021-Central Tax |
|
|
7 |
Clarification about the extending of the limitation period under the GST Law in accordance with the Hon'ble Supreme Court's Order of April 27, 2021. |
157/13/2021-GST |
|
|
8 |
Taxpayers updating their Annual Aggregate Turnover (AATO). |
GSTN Circular 494 |
|
|
9 |
Taxpayers should be aware that the blocking of E-Way Bill (EWB) generation facilities will restart after August 15th, 2021. |
GSTN Circular 495 |
|
|
10 |
The DGGI Gurugram Unit has detained two more people for input tax credit theft. |
Release ID: 1748734 |
|
|
11 |
Webinars on ‘Taxpayer Audit Compliance.' |
GSTN Updates 497 |
|
|
12 |
Module-by-module, additional features for taxpayers have been implemented on the GST Portal. |
GSTN Updates 496 |
|
|
13 |
The deadline for filing an application for revocation or cancellation of registration has been extended. |
GSTN Updates 503 |
|
|
14 |
HSN and GSTR-1 Filing Recommendations |
GSTN Updates 501 |
|
|
15 |
Rule 59(6) is being implemented on the GST Portal. |
GSTN Updates 500 |
GST COMPLIANCE CALENDAR 2022-23
