Important GST Changes Applicable From 01st April 2021 By CS Sumit Chudasama

1. E Way Bill

With the amendment by Finance Act 2021, Under Section 129 of the CGST Act under detention, seizure, and release of goods and conveyance in transit, the penalty applicable will be 200% of the tax payable.

2. Obtain or Renew of Letter of Undertaking for FY 2021-22

A registered person who wants to Export or Supply to SEZ units without payment of tax may apply for the LUT for the F.Y. 2021-22.

3. Opt-in Composition Scheme

A regular registered person wanting to opt for Composition Scheme for the F.Y. 2021-22 may apply on or before 31st March 2021 by filing CMP-02.

4. E- Invoice

As per Notification No. 05/2021 – Central Tax dated 08th March 2021, E-Invoice will be mandatory to all the registered person whose aggregate turnover crossed Rs. 50 Crores in any previous financial year.

5. HSN (Harmonized System of Nomenclature)/ SAC (Service Accounting Code)

As per Notification No. 78/2020 – Central Tax dated 15th October 2020, with effect from 1st April, 2021 based on nature of supply and turnover HSN/SAC is mandatory,

Aggregate Annual Turnover


Supplies Made to

HSN (Digits)

SAC (Digits)

Above 5 Cr Previous Financial Year




Up to 5 Cr Previous Financial Year




Up to 5 Cr Previous Financial Year


Not Required


Turnover of any Value of Export




6. GSTR-9 and GST-9C for the F.Y. 2019-20

As per Notification No. 04/2021 – Central Tax dated 28.02.2021 the due date to file GSTR-9 (for the taxpayers having aggregate turnover more than Rs. 2 crores) and GSTR-9C (for the taxpayers having aggregate turnover of more than Rs. 5 crores) has been further extended from 28th February 2021 to 31st March 2021.

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