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1. Compliance requirement under Income Tax act, 1961

Sl.

Compliance Particulars

Due Dates

1

Due date of depositing TDS/TCS liabilities for previous month.

07.08.2021

2

Due date of depositing TDS/TCS liabilities for the period April to June for quarterly deposit of TDS under section 192, 194A, 194D or 194H

07.08.2021

3

Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of April, 2021

14.08.2021

4

Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2021

15.08.2021

5

Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2021 has been paid without the production of a challan

15.08.2021

6

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M for the month of July, 2021

30.08.2021

Corporate Compliance Calendar for the m/o August, 2021

Income Tax Due Date - Extensions

Sl.

Nature of Extension

Provisions of IT Act 1961

Original Due Date

Extended Due Date

1

Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961

Section 144C

01.06.2021

31.08.2021

2

The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc.,

Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act

30.06.2021

on or before

31.08.2021

3

The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption  under  the  provisions  contained  in  Section  54  to  54GB  of the Act

Section  54  to  54GB  of the Act

Between 01.04.2021 to 29.09.2021

30.09.2021

4

Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021

Form No. 15G/15H

15.07.2021

31.08.2021

5

Last date of linkage of Aadhaar with PAN

Section 139AA of the Act

30.06.2021

30.09.2021

6

Last date of payment of amount under Vivad se Vishwas (without additional amount)

 

30.06.2021

31.08.2021

7

Last date of payment of amount under Vivad se Vishwas (with additional amount)

   

31.08.2021

8

Time Limit for passing assessment order

 

30.06.2021

30.09.2021

9

Time Limit for passing penalty order

 

30.06.2021

30.09.2021

10

Time Limit for processing Equalisation Levy returns

 

30.06.2021

30.09.2021

 

Important Notifications – For the month of July - 2021

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Particulars of the Notification(s)

File No. / Circular No.

Link(s)

1.

Guidelines under section 194Q of the Income-tax Act, 1961 - reg.

Circular No. 13 of 2021

LINK

2.

Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961.

Circular No. 14 of 2021

LINK

3.

The Income tax Amendment (18th Amendment), Rules, 2021

[Notification No. 76/2021

LINK

4.

The Income tax Amendment (19th Amendment), Rules, 2021

Notification No. 77/2021

LINK

5.

Central Government hereby notifies for the purposes of the said clause, ‘Haryana Building and Other

Construction Workers Welfare Board’

Notification No. 78 /2021

LINK

6.

Foundation Trust, Haridwar under the category “Research Association” for Scientific Research

Notification No. 79/2021

LINK

7

The Income-tax (20th Amendment) Rules, 2021

Notification No. 82 /2021

LINK

8

The Income-tax (21st Amendment) Rules, 2021

Notification No. 83 /2021

LINK

9

​Calling for region preference of candidates nominated to the post of Tax Assistant in CBDT through Combined Graduate Level Examination - 2018.

F. No. HRD/CM/127/12/2020-21 / 2847

LINK

 

2. Compliance Requirement under GST, 2017

Filing of GSTR –3B

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period

Due Date

No interest payable till

Particulars

July, 2021

20th August, 2021

-

Due Date for filling GSTR - 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period

Due Date

No interest payable till

Particulars

July 2021

22nd August, 2021

 

Due Date for filling GSTR - 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B

Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep

C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period

Due Date

No interest payable till

Particulars

July, 2021

24th August, 2021

   

Group B States:  Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

D. Filing Form GSTR-1

Tax period

Due Date

Remarks

Monthly return

(July, 2021)

11.08.2021

1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores.

2. Registered person, with aggregate turnover of less then INR 5 Crores, opted for monthly filing of return under QRMP

E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers 

Form No.

Compliance Particulars

Timeline 

Due Date

GSTR-5 & 5A

Non-resident ODIAR services provider file Monthly GST Return

20th of succeeding month           

20.08.2021

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.08.2021

GSTR -7

Return for Tax Deducted at source to be filed by Tax Deductor

10th of succeeding month

10.08.2021

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.08.2021

F. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.

Compliance Particulars

Timeline 

Due Date

Details of outward supply-IFF

Invoice furnishing facility is available for registered person with turnover less than INR 5 Crores and opted for quarterly filing of return.

13th of succeeding month           

13.08.2021

G. GST Refund

Form No.

Compliance Particulars

Due Date

RFD -10

Refund of Tax to Certain Persons

18 Months after the end of quarter for which refund is to be claimed

Other Returns 

Form No.

Compliance Particulars

Timeline 

Due Date

GST return for pending Period-Amnesty Scheme

Filing of Pending GST return with reduced penalty under Amnesty Scheme

July, 2017 to April, 2021

From 01.6.2021 to 31.08.2021

 Major Update: The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login henceforth.

GST UPDATES from 01.07.2021 to 31.07.2021

Sl.

Notification Particulars

Notification No.

Link (s)

1.

Functionality to register complaint on misuse of PAN in GST Registration

GSTN Circular 485     

Click Here

2.

Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers

GSTN Circular 486

Click Here

3.

Clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020

156/12/2021-GST    

Click Here

4.

Module wise new functionalities deployed on the GST Portal for taxpayers

GSTN Circular 487

Click Here

5.

Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021

GSTN Circular 488

Click Here

6

Webinars on recent functionalities related to Registration, Returns, Ledgers and Refunds deployed on GST Portal.

GSTN Circular 490     

Click Here

7

Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4

GSTN Circular 491

Click Here

8

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers.

GSTN Circular 492

Click Here

9

Functionality to check and update bank account details.

GSTN Circular 493

Click Here

10

Seeks to exempt taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual return for FY 2020-21.

31/2021-Central Tax dated 30.07.2021

Click Here

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