Due Date Compliance Calendar for the month of December- Income Tax and GST

Last Updated On: Dec. 2, 2020, 8:09 p.m.
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DUE DATE COMPLIANCE CALENDAR FOR THE MONTH OF DECEMBER

 

Non-compliance with due dates of GST return filing as well as income tax-related rules may result in imposing of heavy penalties by the government for taxpayers in India. Tax compliances have been difficult especially in the COVID period where importance for foremost given to human health and safety. Given below are all the GST and Income Tax related compliances for December 2020. This article will aid in providing information of all the required forms to be filed, thus making your life a little bit easier.

 

 

RELATED TO INCOME TAX:

Due Date Particulars
7th December Due date for deposit of tax deducted/collected for the month of November 2020
15th December Due date for issue of TDS Certificate for tax deducted under Section 194-IB, Section 194-IA and Section 194M in the month of October, 2020
15th December Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November, 2020 has been paid without the production of a challan
15th December Due Date of Third instalment of advance tax for the assessment year 2021-22
30th December Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB, Section 194-IA and Section 194M in the month of November, 2020
30th December Furnishing of report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is January 1, 2019 to December 31, 2019) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc
31st December Return of income for the assessment year 2020-21 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or (d) an assessee who is required to furnish a report under section 92E.
31st December Due date for furnishing of various audit reports including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21

 

RELATED TO GOODS AND SERVICES TAX(GST):

Due Date Particulars
11th December Monthly GSTR 1 for November 2020 (Summary of outward supplies where turnover exceeds Rs 1.5 crore)
20th December Form GSTR 3B for November 2020 for taxpayers having an aggregate turnover of more than Rs 5 crores
22nd December Form GSTR 3B for November 2020 for Group 1* taxpayers having an aggregate turnover up to Rs 5 crores
24th December Form GSTR 3B for November 2020 for Group 2* taxpayers having an aggregate turnover up to Rs 5 crores
20th December GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for November 2020
20th December GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for November 2020
13th December Monthly GSTR 6 for November 2020
10th December Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for November 2020
10th December Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for November 2020
31st December GSTR 9, 9A & 9C for FY 2018-19

 

NOTE:

Group 1: It includes Taxpayers whose principal place of business is in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep

Group 2: It includes Taxpayers whose principal place of business is in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.

 

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