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December 1, 2020

Due Dates for Income Tax and GST Compliances for December 2020

by CA Shivam Jaiswal in Income Tax

Due Dates for Income Tax and GST Compliances for December 2020

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 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.

Due Dates for Income Tax Compliances for December 2020

Due DateParticulars
7th DecemberDue date for deposit of tax deducted/collected for the month of November 2020
15th DecemberDue 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 DecemberDue 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 DecemberDue Date of Third instalment of advance tax for the assessment year 2021-22
30th DecemberDue 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 DecemberFurnishing 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 DecemberReturn 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 DecemberDue 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

Due Dates for GST Compliances for December 2020

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

*Note:

Group 1 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 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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