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March 2, 2021

Know Income Tax and GST Due dates for March 2021

by CA Jessica Nagaonkar in GST, Income Tax

Know Income Tax and GST Due dates for March 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. Given below are all the GST and Income Tax related compliances for March 2021. This article will aid in providing information of all the required forms to be filed, thus making your life a little bit easier this new month.

Income Tax Compliances for March 2021

Due DateParticulars
7th MarchDue date for deposit of tax deducted/collected for the month of February 2021
15th MarchDue date of depositing the fourth quarterly instalment of advance tax (if liable to pay any) for individual and corporate taxpayers for FY 2020-21
15th MarchDue date of depositing the fourth quarterly instalment of advance tax (if liable to pay any) for taxpayers who opted for presumptive taxation scheme for FY 2020-21
15th MarchDue date for E-payment of Provident Fund for Provident Fund for February 2021
15th MarchDue date for ESI payment for February 2021
17th MarchDue date for issue of TDS Certificate for tax deducted under Section 194-IB, Section 194-IA and Section 194M in the month of January, 2021
30th MarchDue Date of Deposit of TDS with Government under Section 194-IB, Section 194-IA and Section 194M in the month of February, 2021
31st MarchExtended due date of filing quarterly statement of TDS/TCS deposited for Q1 and Q2 for FY 2020-21.
31st MarchExtended due date of filing quarterly statement of TDS/TCS deposited for Q1 and Q2 for FY 2020-21
31st MarchDue date of filing belated or revised return for FY 2019-20.
31st MarchDue date of linking PAN with Aadhaar
31st MarchDue date of making payment under Vivad Se Vishwas Scheme without any additional levy
31st MarchDue Date for passing of order or issuance of notice by the authorities and various compliances under various direct taxes & Benami Law

GST Compliances for March 2021

Due DateParticulars
10th MarchMonthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for February 2021
10th MarchMonthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for February 2021
11th MarchMonthly GSTR 1 for February 2021 (Summary of outward supplies where turnover exceeds Rs 1.5 crore)
13th MarchFiling of GSTR-6 by Input Service Distributors for the Month February 2021.
20th MarchForm GSTR 3B for February 2021 for taxpayers having an aggregate turnover of more than Rs 5 crores
20th MarchGSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for February 2021
20th MarchGSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for February 2021
22nd MarchForm GSTR 3B for February 2021 for Group 1* taxpayers having an aggregate turnover up to Rs 5 crores
24th MarchForm GSTR 3B for February 2021 for Group 2* taxpayers having an aggregate turnover up to Rs 5 crores
31st MarchDue date for opting for composition scheme for the year 2021-22 in Form CMP – 08

*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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