GST Returns: Govt notifies Due Date Extension for GSTR-3B, GSTR-1, GSTR-4

GST Returns - GSTR-1 - GSTR-4 - Form ITC-04 - GSTR-7 - GSTR-8 - GSTR-6 - Taxscan

The Central Board of Indirect Taxes and Customs ( CBIC ) notified the Due Date Extension for GST Returns.

GSTR-1 provides for the details of supplies made during the month, by the 11th day of the subsequent month. For payment of Goods and Services Tax (GST), Form GSTR-3B is filed by businesses in a staggered manner between the 20th-24th day of the succeeding month.

The CBDT has notified that the due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 is extended by 15 days i.e. June 26.

The due date for furnishing annual return in Form GSTR-4 for FY 2020-21 to be extended to July 31, 2021.

The taxpayers who are registered under the Companies Act have been permitted to furnish GST returns by using Electronic Verification Code (EVC) instead of Digital Signature Certificate (DSC) till August 31, 2021.

In respect of GSTR 3B Return, the CBDT has notified the relaxation in interest rates to all the taxpayers. The Board has issued the notification in light of the GST Council, chaired by the Union Finance Minister and comprising state counterparts, on May 28 wherein certain compliance relaxations on account of COVID-19 were proposed.

The due date for furnishing return by composition taxpayers on an annual basis in FORM GSTR-4 for the FY 2020-21 has been extended till July 31, 2021.

The Finance Ministry has also extended the due date for furnishing ‘Form ITC-04’ (intimation of goods sent on job work) for the quarter ending March till June 6. The Board has issued the notification in light of the GST Council, chaired by the Union Finance Minister and comprising state counterparts, on May 28 wherein certain compliance relaxations on account of COVID-19 were proposed.

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