Important Dates of GST and Income-tax compliance

Important Due Dates of Goods and Services Tax (GST) as well as Income-tax compliance for the month of May 2021 and other related to ICAI are as follows:

Goods and Services Tax:

20th May, 2021:

1. GSTR-3B for the month of April 2021.
2. GSTR-5A for the month of April 2021.

26th May, 2021: GSTR-1 for the month of April 2021.

31st May, 2021:

• GSTR-4 for the year Financial Year 2020-21
• GSTR-5 for the month of April 2021.
• GSTR-6 for the month of April 2021.
• GSTR-7 for the month of April 2021.
• GSTR-8 for the month of April 2021.

13th July, 2021: GSTR-1 for the quarter (April-June, 2021)

18th July, 2021: CMP-08 for the quarter (April-June, 2021)

22nd July, 2021: GSTR-3B for the quarter April-June, 2021. (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).

24th July, 2021: GSTR-3B for the quarter April-June, 2021. (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).

Income Tax:

15th May 2021: Quarterly statement of TCS deposited for the quarter ending March 31, 2021. (TCS RETURN)

30th May 2021:

• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of April, 2021.
• Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194M in the month of April, 2021
• Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of April, 2021
• Issue of TCS certificates for the 4th Quarter of the Financial Year 2020-21.

31st May 2021:

• Quarterly statement of TDS deposited for the quarter ending March 31, 2021. (TDS RETURN)
• Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect of a financial year 2020-21. [Statement of Specified Financial Transactions ( SFT )].
• Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2020 by reporting financial institutions
• Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2020-21 and hasn’t been allotted any PAN
• Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN.
• Appeal to Commissioner (Appeals) under Chapter XX of the Act, for which the last date of filing under that Section is 1st April, 2021 or thereafter, may be filed within the time provided under that Section or by 31st May, 2021, whichever is later.*
• Objections to Dispute Resolution Panel (DRP) under Section 144C of the Act, for which the last date of filing under that Section is 1st April, 2021 or thereafter, may be filed within the time provided under that Section or by 31st May, 2021, whichever is later.*
• Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is 1st April, 2021 or thereafter, may be filed within the time allowed under that notice or by 31st May, 2021, whichever is later.*
• Filing of belated return under sub-section (4) and revised return under sub-section (5) of Section 139 of the Act, for Assessment Year 2020-21, which was required to be filed on or before 31st March, 2021, may be filed on or before 31st May, 2021.*
• Payment of tax deducted under Section 194-IA, Section 194-IB and Section 194M of the Act, and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 30th April, 2021(respectively) under Rule 30 of the Income-tax Rules, 1962, may be paid and furnished on or before 31st May, 2021.*
• Statement in Form No. 61, containing particulars of declarations received in Form No.60, which is due to be furnished on or before 30th April, 2021, may be furnished on or before 31st May, 2021.*
  
  *Go To Circular

30th June, 2021:

• Time limit for passing of any order for assessment or reassessment under the Income-tax Act, 1961(hereinafter called ‘the Act’ ) the time limit for which is provided under section 153 or section 153B thereof.*
• Time limit for passing an order consequent to direction of DRP under sub-section (13) of section 144C of the Act.*
• Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment.*
• Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016.*
• Time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount.*
  
  *Go To Extension Notifications:
  https://cacult.com/extended-due-dates-of-the-direct-tax-vivad-se-vishwas-act/
  https://cacult.com/extension-of-income-tax-compliance-upto-30th-june-2021/
  https://cacult.com/government-extends-timelines-in-view-of-the-pandemic-situation/

• The last date for linking of Aadhaar number with PAN.
• UDIN for Audit Forms / Audit certificates can be updated till 30th June, 2021.

CA Fraternity:

10th May 2021: Live Coaching Classes (LCC) Batch -3 commencing from 10th May 2021 respectively for Students of Intermediate course appearing in Nov 2021 examination and Final course for Nov 2021 and May 2022 examination.

30th June 2021:

• Further extension of the last date for Waiving-off Condonation Fees due to late filing of various application forms related to Students and Articled Assistants, amidst COVID-19 Pandemic.
• Extension of time period for commencement of Practical Training on or before 30th April 2021 to 30th June, 2021 for appearing in Final examination to be held in November, 2023.

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