Central Goods and Services Tax (Fifth Amendment) Rules, 2021 have been notified (02.06.2021)

Central Goods and Services Tax (Fifth Amendment) Rules, 2021 have been notified. Following are the key changes:

• A registered person registered under the provisions of the Companies Act, 2013 shall, during the period from the 27^th day of April, 2021 to the 31^st day of May, 2021, 31^st day of August, 2021 also be allowed to furnish the return in FORM GSTR-3B and the details of outward supplies in FORM GSTR-1 or using IFF, verified through electronic verification code (EVC).

• Rule 36(4) shall apply cumulatively for the period April, May & June 2021 and the return in FORM GSTR-3B for the tax period June, 2021 or quarter ending June, 2021 shall be furnished with the cumulative adjustment of input tax credit for the said months.

• The details using IFF for the month of May 2021 can be furnished from 1^st June, 2021 till 28^th June, 2021.

 (Notification No. 27/2021 – Central Tax dtd 1^st June 2021)