Due Date Compliance Calendar - March 2021

CA Sapna Ghelani | Last updated: 27 February 2021

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Quick Summary

This article outlines the essential tax payment due dates for March 2021, covering Income Tax, GST, and Corporate Law. It provides a detailed calendar for various GST returns, including GSTR-8, GSTR-7, GSTR-6, GSTR-5, GSTR-5A, and GSTR-3B, with specific dates based on turnover and location. Additionally, it highlights important Income Tax deadlines such as advance tax instalments, filing belated returns, linking PAN with Aadhaar, and the Vivad Se Vishwas scheme. Other compliances like RBI application deadlines and various tax declarations are also included.

It is important for every person to know about the important due dates regarding tax payments for the upcoming month.

So, in this article, we will discuss the important due dates that lie in the month of March 2021 so that you don't miss out on anything w.r.t Income Tax, GST, Corporate Law etc.

March 2021 Tax Deadlines: GST and Income Tax

GST Compliance Calendar

Sr.No	Particulars	Tax Period	Forms/Returns	Due Date
1	Return to be filed E-Commerce Operators who have deducted TCS	February	GSTR-8	10.03.2021
2	Return to be filed by people deducting TDS	February	GSTR-7	10.03.2021
3	Return to be filed by an Input Service Distributor	February	GSTR-6	13.03.2021
4	Return to be filed by Non-Resident Foreign Taxpayer	February	GSTR-5	20.03.2021
5	Return to be filed by Non-Resident Online Information and Database Access or Retrieval (OIDAR) services Provider	February	GSTR-5A	20.03.2021
6	Return to be filed by registered persons having an annual turnover of up to Rs. 5 crores. For FY 2018-19 Group A: 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	February	GSTR-3B	22.03.2021
7	Return to be filed by registered persons having an annual turnover of up to Rs. 5 crores. For FY 2018-19 Group B: 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	February	GSTR-3B	24.03.2021
8	When aggregate turnover exceeds Rs.5 Crores in previous FY	February	GSTR-3B	20.03.2021
9	Monthly Return When Turnover is above Rs.1.5 Crores	February	GSTR-1	11.03.2021
10	Updation of GSTN in Udyam Registration			31.03.2021
11	Opt in GST Composition Scheme			31.03.2021

Income Tax Compliance Calendar

Sr.No	Particulars	Due Date
1	For individual and corporate taxpayers - Last date of depositing the fourth instalment of advance tax (if liable to pay any) for FY 2020-21.	On or before 15^th March
2	For taxpayers who have opted for Presumptive Taxation Scheme under section 44AD & 44ADA - Last date of depositing the fourth instalment of advance tax (if liable to pay any) for FY 2020-21.	On or before 15^th March
3	Last date of filing belated or revised return for FY 2019-20.	31.03.2021
4	Last date of linking PAN with Aadhaar	31.03.2021
5	Extended last date of filing quarterly statement of TDS/TCS deposited for Q1 and Q2 for FY 2020-21.	31.03.2021
6	Last date of making payment under Vivad Se Vishwas Scheme without any additional levy.	31.03.2021
7	Date for passing of order or issuance of notice by the authorities and various compliances under various direct taxes & Benami Law	31.03.2021

Other Compliances

Sr No	Particulars	Due Dates
1	The Reserve Bank of India (RBI) on Friday extended the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments	31.03.2021
2	Excise duty declaration	15.03.2021
3	Declaration of indirect taxes on imported goods - For Tax period February	25.03.2021
4	Declaration of vehicle tax, land tax and property tax - For Year 2020	31.03.2021
5	Pension fund contributions withheld at the source of payment to local employees as well as individuals from civil legal nature agreements	25.03.2021

FAQ :

Key GST deadlines include filing GSTR-8 and GSTR-7 by March 10th, GSTR-6 by March 13th, GSTR-5 and GSTR-5A by March 20th, and GSTR-3B by March 20th, 22nd, or 24th depending on turnover and location. The GSTN updation and composition scheme opt-in deadline is March 31st.

The last date for depositing the fourth instalment of advance tax for FY 2020-21 for both individual and corporate taxpayers, as well as for those under the Presumptive Taxation Scheme, is on or before March 15th, 2021.

The final deadline for linking your PAN with Aadhaar is March 31st, 2021.

Yes, the last date for making a payment under the Vivad Se Vishwas Scheme without any additional levy is March 31st, 2021.

Other compliances with March 2021 due dates include the RBI's deadline for umbrella entity applications (March 31st), excise duty declarations (March 15th), indirect tax declarations on imported goods (March 25th), vehicle, land, and property tax declarations (March 31st), and pension fund contributions (March 25th).