Statutory updates

03/2021- Integrated Tax : Seeks to amend Notification No. 4/2019-Integrated Tax dt. 30.09.2019 to change the place of supply for B2B MRO services in case of Shipping industry, to the location of the recipient.

Application form for Alternative Investment Funds

Reduced Interest Rates for Integrated Tax: March to May 2021

The government reduces interest rates for delayed Integrated Tax payments for the tax periods of March, April, and May 2021.

Reduced Interest Rates for UTGST for March to May 2021

The government reduces interest rates for delayed Union Territory Goods and Services Tax payments for the tax periods March, April, and May 2021.

Appoint 1 June 2021 for Section 112 of Finance Act 2021

The Central Government appoints 1 June 2021 as the date for the provisions of section 112 of the Finance Act 2021 to come into force.

Extension of FORM GSTR-1 Due Date for May 2021

The Central Board of Indirect Taxes and Customs extends the due date to furnish FORM GSTR-1 for May 2021.

18/2021-Central Tax : Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021.

19/2021-Central Tax : Seeks to rationalize late fee for delay in filing of return in FORM GSTR-3B; and to provide conditional waiver of late fee for delay in filing FORM GSTR-3B from July, 2017 to April, 2021; and to provide waiver of late fees for late filing of return in FORM GSTR-3B for specified taxpayers and specified tax periods.

Rationalize Late Fee for Delay in Furnishing FORM GSTR-1

The Central Board of Indirect Taxes and Customs waives the late fee under section 47 of the Central Goods and Services Tax Act, 2017, for delayed furnishing of FORM GSTR-1 from…

Rationalize late fee for FORM GSTR-4 return delay

The Government waives the late fee for delay in furnishing the return in FORM GSTR-4 for financial year 2021-22 onwards.

Rationalize late fee for delay in filing FORM GSTR-7

The Central Board of Indirect Taxes and Customs waives the late fee for any registered person who deducts tax at source and fails to furnish the return in FORM GSTR-7 on time.

Exclusion of Government Departments and Local Authorities from E-Invoice

The Central Board of Indirect Taxes and Customs amends Notification No. 13/2020-Central Tax to exclude government departments and local authorities from the requirement of…

24/2021-Central Tax : Seeks to amend notification no. 14/2021-Central Tax in order to extend due date of compliances which fall during the period from "15.04.2021 to 29.06.2021" till 30.06.2021.

25/2021-Central Tax : Seeks to extend the due date for filing FORM GSTR-4 for financial year 2020-21 to 31.07.2021.

26/2021-Central Tax : Seeks to extend the due date for furnishing of FORM ITC-04 for QE March, 2021 to 30.06.2021.

27/2021-Central Tax : Seeks to make amendments (Fifth Amendment, 2021) to the CGST Rules, 2017.

Advisory to Encourage Work-from-Home for Nursing Mothers

The Ministry of Labour and Employment issues an advisory to all State Governments and Union Territories to encourage work-from-home for nursing mothers under Section 5(5) of the…

Consumer Price Index for Industrial Workers (2016 equal 100) - April, 2021