The COVID19 pandemic has caused an unprecedented crisis in economic activities worldwide. Its effects have also seeped into the professional lives of people, marring their working capacity. With the country possibly glaring at a second wave of coronavirus infections, it is safe to say that it will take some time to go back to normal. Keeping the changing situation in mind, the Central government has revised the deadlines for various tax compliances over time. While adhering to deadlines might be slightly difficult during the pandemic, non- compliance with GST and income tax return rules may attract severe penalties.
Given below is the Tax Compliance Calendar for November 2020 so that you don’t miss out on the important due dates for GST, Income Tax filing, ESI, PF, and Professional Tax Payment -
GST Compliance Due Dates
|
Compliance Particulars |
Tax Period |
Due Date (2020) |
|
Filing of GSTR–7 by taxpayer liable for Tax Deducted at Source (TDS) |
October |
10th November |
|
Filing of GSTR–8 by e-commerce operator required to deduct TCS (Tax Collected at Source) |
October |
10th November |
|
Filing of GSTR-1 (summary of outward supplies) where aggregate turnover > INR 1.50 Cr (in Preceding FY or Current FY) |
October |
11th November |
|
Filing of GSTR- 6 monthly return by Input Service Distributor |
October |
13th November |
|
Filing of GSTR–5 monthly return by Non- Resident Taxable Person |
October |
20th November |
|
Filing of GSTR–5A monthly return to be filed by the OIDAR Service Provider |
October |
20th November |
|
Payment of tax and filing of GSTR-3B for taxpayers having an aggregate turnover > INR 5 Cr in the preceding FY |
October |
20th November |
|
Payment of tax and filing of GSTR- 3B for Group A* taxpayers having an aggregate turnover up to INR 5 Cr. in the preceding FY |
October |
22nd November |
|
Payment of tax and filing of GSTR- 3B for Group B** taxpayers having an aggregate turnover up to INR 5 Cr. in the preceding FY |
October |
24th November |
*Group A- Those whose principal place of business is in Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Island, Telangana, Andhra Pradesh.
**Group B- Those whose principal place of business is in Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Uttarakhand
Income Tax Compliance Due Dates
|
Compliance Particulars |
Tax Period |
Due Date |
|
Due date for deposit of tax deducted collected by an assessee other than an office of the Government |
October |
7th November |
|
Due date for issue of TDS Certificate for tax deducted under Section 194- IA (TDS on immovable property), Section 194- IB (TDS on certain rent payment), and Section 194M |
September |
14th November |
|
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS has been paid without the production of a Challan |
October |
15th November |
|
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) |
September |
15th November |
|
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system |
October |
15th November |
|
Due date for furnishing of challan- cum- statement in respect of tax deducted under Section 194- IA, Section 194- IB, and Section 194M |
October |
30th November |
|
Annual return of income for the (Financial Year 2018- 19) assessment year 2019- 20 for all assessee. |
FY 2018- 19 (AY 2019- 20) |
30th November |
ESI, PF, and PT Compliance Due Dates
|
Professional Tax Payment |
October |
10th November |
|
ESIC Payment |
October |
15th November |
|
PF Payment |
October |
15th November |
Also read: Corporate Compliance Calendar for the month of November 2020
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