Relaxation For April & May 2021 Under Rule 36(4)

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 Relaxation For April  2021 Under Rule 36(4) :-   As we all know that as per rule 36(4) we can avail ITC only 105% of ITC showing in GSTR-2B but due to covid-19 second wave government have changed various due dated including GSTR-1 also. 

Now taxpayer can filled there GSTR-1 till 26 May 2021 and GSTR-2B will be generated on 28 May 2021 after filing GSTR-1 by Quarterly  taxpayer. So main question arises that if a person wants to fill his GSTR-3B before due date i.e. 20 May 2021 ( Government extent due date for late fee purpose only if any body filled GSTR-3B after due date Interest liability is livable as per notification no 13/2021).

As per notification no 13/2021 government give relaxation  to take ITC as per self assessment for the period of April 2021 and may furnished the adjustment in GSTR-3B for tax period of May-2021.

 The detailed notification is here for your references https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-13-central-tax-english-2021.pdf;jsessionid=F801AD0E863F06DABAE64EF9B5514D15


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