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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..