Mazars Tax Update | Edition 04.21
This newsletter is a compilation of most interesting and recent news related to tax.
Indirect Tax Updates for the period 16th August 2021 to 31st August 2021. (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOM)
CBIC vide N/N 32/2021-CT dated 29th August 2021 allows companies to file FORM GSTR-3B & GSTR-1/ IFF using EVC till 31st October 2021
The filing of FORM GSTR-3B and GSTR-1/ IFF by companies using electronic verification code (EVC), instead of Digital Signature certificate (DSC) has been further extended to 31st October 2021. Earlier it was extended till 31st August 2021.
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CBIC vide N/N 33/2021-CT dated 29th August 2021 provided time limit to avail benefit of GST amnesty scheme upto 30th November 2021
Government had provided relief to the taxpayers by reducing / waiving of late fee for non-furnishing of monthly/quarterly FORM GSTR-3B for the tax periods from July 2017 to April 2021, if the returns for these tax periods are furnished between the period 01.06.2021 to 31.08.2021. To avail the benefit of this amnesty scheme, the government further extended the time limit from existing 31.08.2021 to 30.11.2021.
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CBIC vide N/N 34/2021-CT dated 29th August 2021 has extended the due date of filing application for revocation of cancellation of GST registration till 30th September 2021
Government has also extended the timelines for filing application for revocation of cancellation of registration to 30.09.2021, where the due date of filing application for revocation of cancellation of registration falls between the period 01.03.2020 to 31.08.2021.
The extension would be applicable only in those cases where registrations have been cancelled under clause (b) or clause (c) of sub-section (2) of section 29 of the CGST Act.
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GSTN has issued an advisory dated 26th August 2021 for blocking of filing of GSTR-1 on GST Portal w.e.f 1st September 2021 in lack of filing of GSTR-3B for the past two months (Rule 59(6)).
On implementation of the blocking of GSTR-1 on GST portal, taxpayers will not be able to file GSTR-1/IFF for the period August 2021 on the GST portal if they have pending GSTR-3B filings.
It applies if GSTR-3B is pending for the past two months till July 2021 (monthly filer) or for the last quarter ending 30th June 2021 (quarterly).