1. Compliance requirement under Income Tax act, 1961
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Sl. |
Compliance Particulars |
Due Dates |
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1 |
Due date of depositing TDS/TCS liabilities for previous month. |
07.08.2021 |
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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 |
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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 |
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4 |
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2021 |
15.08.2021 |
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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 |
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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 |
Income Tax Due Date - Extensions
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Sl. |
Nature of Extension |
Provisions of IT Act 1961 |
Original Due Date |
Extended Due Date |
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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 |
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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 |
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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 |
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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 |
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5 |
Last date of linkage of Aadhaar with PAN |
Section 139AA of the Act |
30.06.2021 |
30.09.2021 |
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6 |
Last date of payment of amount under Vivad se Vishwas (without additional amount) |
30.06.2021 |
31.08.2021 |
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7 |
Last date of payment of amount under Vivad se Vishwas (with additional amount) |
31.08.2021 |
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8 |
Time Limit for passing assessment order |
30.06.2021 |
30.09.2021 |
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9 |
Time Limit for passing penalty order |
30.06.2021 |
30.09.2021 |
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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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Sl. |
Particulars of the Notification(s) |
File No. / Circular No. |
Link(s) |
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1. |
Guidelines under section 194Q of the Income-tax Act, 1961 - reg. |
Circular No. 13 of 2021 |
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2. |
Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961. |
Circular No. 14 of 2021 |
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3. |
The Income tax Amendment (18th Amendment), Rules, 2021 |
[Notification No. 76/2021 |
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4. |
The Income tax Amendment (19th Amendment), Rules, 2021 |
Notification No. 77/2021 |
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5. |
Central Government hereby notifies for the purposes of the said clause, ‘Haryana Building and Other Construction Workers Welfare Board’ |
Notification No. 78 /2021 |
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6. |
Foundation Trust, Haridwar under the category “Research Association” for Scientific Research |
Notification No. 79/2021 |
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7 |
The Income-tax (20th Amendment) Rules, 2021 |
Notification No. 82 /2021 |
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8 |
The Income-tax (21st Amendment) Rules, 2021 |
Notification No. 83 /2021 |
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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 |
2. Compliance Requirement under GST, 2017
Filing of GSTR –3B
A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
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Tax period |
Due Date |
No interest payable till |
Particulars |
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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)
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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 |
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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 |
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C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
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Tax period |
Due Date |
No interest payable till |
Particulars |
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July, 2021 |
24th August, 2021 |
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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 |
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D. Filing Form GSTR-1
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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
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Form No. |
Compliance Particulars |
Timeline |
Due Date |
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GSTR-5 & 5A |
Non-resident ODIAR services provider file Monthly GST Return |
20th of succeeding month |
20.08.2021 |
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GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.08.2021 |
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GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.08.2021 |
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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
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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
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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
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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
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Sl. |
Notification Particulars |
Notification No. |
Link (s) |
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1. |
Functionality to register complaint on misuse of PAN in GST Registration |
GSTN Circular 485 |
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2. |
Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers |
GSTN Circular 486 |
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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 |
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4. |
Module wise new functionalities deployed on the GST Portal for taxpayers |
GSTN Circular 487 |
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5. |
Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021 |
GSTN Circular 488 |
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6 |
Webinars on recent functionalities related to Registration, Returns, Ledgers and Refunds deployed on GST Portal. |
GSTN Circular 490 |
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7 |
Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 |
GSTN Circular 491 |
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8 |
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. |
GSTN Circular 492 |
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9 |
Functionality to check and update bank account details. |
GSTN Circular 493 |
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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 |
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