Compliance due date of Income Tax and GST in October 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 compliance 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 October 2020. This article will aid in providing information of all the required forms to be filed, thus making your life a little bit easier. So now let’s see which deadline ends on 31st of October, 2020

Income Tax Compliances for October 2020

Due Date	Particulars
7^th October	Due date for deposit of tax deducted/collected for the month of September 2020
7^th October	Due date for deposit of *TDS* for the period July 2020 to September 2020 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H
15^th October	Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2020 has been paid without the production of a challan
15^th October	Due date for issue of TDS Certificate for tax deducted under Section 194-IB, Section 194-IA and *Section 194M* in the month of August, 2020
15^th October	Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 2020
15^th October	Quarterly statement of TCS deposited for the quarter ending September 30, 2020

Due Date	Particulars
15^th October	Upload declarations received from recipients in *Form No. 15G/15H* during the quarter ending September 30, 2020
30th October	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 September, 2020
30th October	Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2020
31st October	Quarterly statement of TDS deposited for the quarter ending September 30, 2020. * TDS return for Q2 date has been extended till 31st March 2021
31st October	Due date for furnishing of Annual audited accounts for each approved programme under section 35(2AA)
31st October	*Audit report under section 44AB* for the assessment year 2020-21 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E
31st October	Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction

GST Compliances for October 2020

Due Date	Particulars
1^st October	GSTR 3B for August 2020 (Annual Turnover up to Rs 5 Cr in Previous FY for State 1 group*)
3^rd October	GSTR 3B for August 2020 (Annual Turnover up to Rs 5 Cr in Previous FY for State 2 group*)
10^th October	Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for September 2020
10^th October	Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for September 2020
11^th October	Monthly GSTR 1 for September 2020 (Summary of outward supplies where turnover exceeds Rs 1.5 crore)
13^th October	Monthly GSTR 6 for September 2020

Due Date	Particulars
18^th October	CMP 08 for July to September 2020
20^th October	GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for September 2020
20^th October	GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for September 2020
20^th October	GSTR 3B for September 2020 (Annual Turnover of more than Rs 5 Cr in Previous FY)
31^st October	GSTR 9 and 9C (Annual Return) FY 2018-19
31^st October	GSTR 1 (Quarterly) for July to September (Summary of outward supplies where turnover is upto Rs 1.5 crore)
31^st October	Annual GSTR 4 for FY 2019-20

*Note:

State 1 Group includes 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

State 2 Group includes 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

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