Know Income Tax & GST Due dates for Year 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.

Income Tax Compliances for FY 2021-22

Compliance	Period	Due Date
Income Tax Return (ITR)	Annual	31^st July of the next FY
Tax Audit Report	Annual	30^th September of the next FY
Belated ITR	Annual	31^st December of the next FY
Revised ITR	Annual	31^st December of the next FY
Monthly deposit of tax deducted/collected (TDS/TCS)	Monthly	7^th of the next month
Details of TCS (27EQ)	Q1	15^th July
Details of TCS (27EQ)	Q2	15^th October
Details of TCS (27EQ)	Q3	15^th January
Details of TCS (27EQ)	Q4	15^th May
Details of TDS (24Q/26Q)	Q1	31^st July
Details of TDS (24Q/26Q)	Q2	31^st October
Details of TDS (24Q/26Q)	Q3	31^st January
Details of TDS (24Q/26Q)	Q4	31^st May
Payment of 15% Advance Tax	Q1	15^th June
Payment of 45% Advance Tax	Q2	15^th September
Payment of 75% Advance Tax	Q3	15^th December
Payment of 100% Advance Tax	Q4	15^th March
Statement of Financial Transactions	Annual	31^st May of the next FY

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	11^th 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	13^th of the next month
Taxpayers who opted for Quarterly GSTR 1	Quarterly	13^th of the month following the quarter
Payment of GST in PMT – 6 (only if tax is payable monthly)	Monthly	25^th of next month
Annual Return in GSTR 9 with reconciliation for those having turnover exceeding Rs 2 crore	Annual	31^st of December of the following financial year
Filing of GSTR-6 by Input Service Distributors	Monthly	13^th of the next month
GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited)	Monthly	10^th of the next month
GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators)	Monthly	10^th of the next month
GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing	Monthly	20^th of the next month
GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing	Monthly	20^th of the next month
Filing of CMP-08 by Composition Dealer	Quarterly	18^th 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