NEW   TallyPrime (Rel 1.1.4)    

1st June 2021

Tally CA Community

Details of Extenstion in due date or Relief

Reduction in rate of interest for delayed payment of GST in case of (i) Regular tax payers, (ii) taxpayers opted for QRMP scheme for the month of March, April and May 2021 and (iii) for the composition scheme tax payers for the quarter Jan-Mar . Please refer notification for more specific details.

Tally CA Community

Waiver of late fee for delay in furnishing returns in Form GSTR 3B for the month of March, April & May 2021 for (i) Regular tax payers and (ii) for Tax payers opted for QRMP scheme for the quartner Jan - March upto certain days. Please refer notification for more specific details

Tally CA Community

Due date of GSTR 1 return for the period May 2021 has been extended from 11th June 2021 to 26th June 2021. Please refer notification for more specific details.

Tally CA Community

Due date of Invoice Furnishing Facility (IFF) for the period May 2021 has been extended from 13th June 2021 to 28th June 2021. Please refer notification for more specific details.

Tally CA Community

Due date of GSTR 4 (Return applicable for Composition tax payers) for the FY 2020-21 has been extended from 31st May 2021 to 31st July 2021. Please refer notification for more specific details.

Tally CA Community

Due date of Form ITC 04 for the quarter Jan-Mar 2021 has been extended from 31st May 2021 to 30th June 2021. Please refer notification for more specific details.

Tally CA Community

Rule 36(4) is not applicable for the month of April and May 2021. Condition of restricting credit to (Matched + 5% of un-matched credits) or (book credits) which ever is less shall apply culumatively for the period of April and May 2021 tax period and to be adjusted accordingly in GSTR 3B of May 2021. Hence, for April 2021 and May 2021 3B return, tax payer can avail the credit as per books. Please refer notification for more specific details.

Tally CA Community

Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from 15th April 2021 to 29th June 2021 to be extended upto 30th June 2021.

Tally CA Community

Seeks to appoint 01.06.2021 as the day from which the provisions of section 112 of Finance Act, 2021, relating to amendment of section 50 of the CGST Act 2017 i.e payment of interest only on net liability shall come into force.

Tally CA Community

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-3B for future periods; and to provide conditional partial waiver of late fee for delay in filing FORM GSTR-3B from July, 2017 to April, 2021 subject to condition that 1st day of June, 2021 to the 31st day of August, 2021.

Tally CA Community

Seeks to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1 for the future periods

Tally CA Community

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-4 for the future periods

Tally CA Community

Seeks to rationalize late fee for delay in filing of return in FORM GSTR-7

Tally CA Community

Seeks to amend Notification no. 13/2020-Central Tax to exclude government departments and local authorities from the requirement of issuance of e-invoice.

Tally CA Community

26th May 2021

Tally CA Community

Details of extension of due date under income tax

Due date of Statement of Financial Transactions (SFT) for the FY 2020-2021 has been extended to 30th June 2021 from 31st May 2021

Tally CA Community

Due date of TDS return for quarter 4 of FY 2020-21 has been extended to 30th June 2021 from 31st May 2021

Tally CA Community

Issue of form no. 16 for the FY 2020-2021 has been extended to 15th July 2021 from 15th June 2021

Tally CA Community

Individual Income Tax return and Non Tax Audit Income Tax return for the Assessment year 2021-22 has been extended to 30th Sep 2021 from 31st July 2021

Tally CA Community

Tax Audit Report (3CACD & 3CBCD) for Assessment year 2021-2022 has been extended to 31st October 2021 from 30th Sep 2021.

Tally CA Community

Transfer Pricing Report (3CEB) u/s 92E for Assessment year 2021-2022 has been extended to 30th Nov 2021 from 31st October 2021.

Tally CA Community

Tax Audit ITR's for the Assessment year 2021-2022 has been extended to 30th Nov 2021 from 31st October 2021.

Tally CA Community

Transfer Pricing ITR's for the Assessment year 2021-2022 has been extended to 31st Dec 2021 from 30th Nov 2021.

Tally CA Community

Belated / Revised returns for Assessment year 2021-2022 has been extended to 31st Jan 2022 from 31st Dec 2021.

Tally CA Community