Income Tax & GST Due Dates for the F.Y 2021

Last Updated On: Feb. 15, 2021, 10:25 p.m.
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INCOME TAX & GST DUE DATES FOR THE F.Y 2021

Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. 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 FY 2021-22. This article will aid in providing information of all the required compliances, thus making your life a little bit easier this year.

 

GST Compliances for FY 2021-22:

Compliance Period Due Date
Taxpayers who opted for Monthly GSTR 1 (Summary of outward supplies where turnover exceeds Rs 1.5 crore) Monthly 11th of next month
Taxpayers who opted for Monthly GSTR-3B having principal place of business in All States and UTs Monthly 20th of the next month
Taxpayers who opted for Quarterly GSTR-3B having principal place of business in States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep Quarterly 22nd of the month following the quarter
Taxpayers who opted for Quarterly GSTR-3B having principal place of business in States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi Quarterly 24th of the month following the quarter
Taxpayers who have opted for quarterly filing have to upload details in Invoice Furnishing Facility (IFF) Monthly 13th of the next month
Taxpayers who opted for Quarterly GSTR 1 Quarterly 13th of the month following the quarter
Payment of GST in PMT – 6 (only if tax is payable monthly) Monthly 25th of next month
Annual Return in GSTR 9 with reconciliation for those having turnover exceeding Rs 2 crore Annual 31st of December of the following financial year
Filing of GSTR-6 by Input Service Distributors Monthly Filing of GSTR-6 by Input Service Distributors
GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited)  Monthly 10th of the next month
GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) Monthly 10th of the next month
GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Monthly 20th of the next month
GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Monthly 20th of the next month
Filing of CMP-08 by Composition Dealer Quarterly 18th of the month following the quarter
Filing of Annual Return by Composition Dealer in GSTR 4 Annual 30th of April of the following financial year

 

 

Income Tax Compliances for FY 2021-22:

Compliance Period Due Date
Income Tax Return (ITR) Annual 31st July of the next FY
Tax Audit Report Annual 30th September of the next FY
Belated ITR Annual 31st December of the next FY
Revised ITR Annual 31st December of the next FY
Monthly deposit of tax deducted/collected (TDS/TCS) Monthly 7th of the next month
Details of TCS (27EQ) Quarter 1 15th July
Details of TCS (27EQ) Quarter 2 15th October
Details of TCS (27EQ) Quarter 3 15th January
Details of TCS (27EQ) Quarter 4 15th May
Details of TDS (24Q/26Q) Quarter 1 31st July
Details of TDS (24Q/26Q) Quarter 2 31st October
Details of TDS (24Q/26Q) Quarter 3 31st January
Details of TDS (24Q/26Q) Quarter 4 31st May
Payment of 15% Advance Tax Quarter 1 15th June
Payment of 45% Advance Tax Quarter 2 15th September
Payment of 75% Advance Tax Quarter 3 15th December
Payment of 100% Advance Tax Quarter 4 15th March
Statement of Financial Transactions Annual 31st May of the next FY

 

 

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