Govt provides relief in GST timelines to businesses hit by Covid-19

03 May 2021 CW Team

The Ministry of Finance has announced changes in compliance requirements under the Goods and Services Tax (GST) regime to provide relief to businesses affected by Covid-19.

The reliefs include an extension of the GST return filing deadline, a reduced late fee amount, and even a late fee waiver in some cases These changes have been made in response to the GST Council's recommendations.

Businesses with an aggregated turnover of over Rs 5 crore in the previous financial year will be exempt from paying a late fee if they fail to file their GSTR-3B returns within 15 days of the due date in March and April.

The late fee is waived for businesses with an aggregate turnover of up to Rs 5 crore for up to 30 days of late payment during the two months. The 30-day window applies to taxpayers with an aggregate turnover of up to Rs 5 crore for the January-March 2021 period.

The deadline to file a return in Form GSTR-4 under the Central Goods and Services Tax Rules, 2017, for the fiscal year ending March 31, 2021, has been pushed back a month to May 31, 2021.

The government has also extended the deadline for submitting the Form GST ITC-04 declaration in regards to goods dispatched to or received from a job worker from January 1 to March 31, 2021, to May 31, 2021.

While the time limit for furnishing the details of outward supplies for the April 2021 tax period, in Form GSTR-1 has been extended till May 26, the government notification informed that businesses could file returns in Form GSTR-3B cumulatively for the period April and May, with the cumulative adjustment of the input tax credit. Details of April will have to be furnished by May 28.

Image Source

Also read: Covid-19 second wave: State govts offer assistance to construction workers

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..