As we all know, COVID-19 second wave had many drastic impacts. The taxpayers faced a major crisis regarding the compliances under GST. To provide big relief for taxpayers, the government has announced several reliefs for taxpayers. In this article, we will read about GST Return filing extended for May 2021.
GST Return Filing extended of Form GSTR-1/IFF for Normal Taxpayers:
|GST Form Type||Who should file||Tax Period||Due Date/ Last Date||Due Date/Last Date Extended till|
|Form GSTR-1 (Monthly)||Normal Taxpayer filing Monthly returns||May 2021||11th June 2021||26th June 2021|
|Form IFF (optional)||Normal Taxpayers under QRMP Scheme||May 2021||13th June 2021||28th June 2021|
There are other GST Return filing extended for other tax periods. The details for the same are as follows.
GST Return Filing extended of GST Forms to be filled by Composition, NRTP, ISD, TDS & TCS Taxpayers:
|GST Form Type||Who should file||Tax period||Due Date||Due Date Extended till|
|GSTR-4||Composition Taxpayers (Annual Return)||FY 2020-21||30th April 2021||31st July 2021|
|GSTR-5||Non-Resident Taxpayers (NRTP)||March/April/May 2021||20th April/ May/June 2021||30th June 2021|
|GSTR-6||Input Service Distributors (ISD)||April/May 2021||13th May/June 2021||30th June 2021|
|GSTR-7||Tax Deductors at Source (TDS deductors)||-do-||10th May/June 2021||30th June 2021|
|GSTR-8||Tax Collectors at Source (TCS collectors)||-do-||10th May/June 2021||30th June 2021|
Form ITC-04 Filing Extended
Along with the Return filing extended for May 2021, Government has announced relief for filing ITC-04. The due date for filing of Form GST ITC-04 (to be filed by Principal/Manufacturer for goods sent/received/supplied from Job Worker) for the quarter Jan-March, 2021, (due date 25th April 2021) has been extended till 30th June 2021.
As we can see, the government has announced GST return filing extension to provide reliefs to taxpayers. The taxpayers must take advantage of this opportunity, and file GST Returns to avoid tax penalties.
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