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 | 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) | Q1 | 15th July |
Details of TCS (27EQ) | Q2 | 15th October |
Details of TCS (27EQ) | Q3 | 15th January |
Details of TCS (27EQ) | Q4 | 15th May |
Details of TDS (24Q/26Q) | Q1 | 31st July |
Details of TDS (24Q/26Q) | Q2 | 31st October |
Details of TDS (24Q/26Q) | Q3 | 31st January |
Details of TDS (24Q/26Q) | Q4 | 31st May |
Payment of 15% Advance Tax | Q1 | 15th June |
Payment of 45% Advance Tax | Q2 | 15th September |
Payment of 75% Advance Tax | Q3 | 15th December |
Payment of 100% Advance Tax | Q4 | 15th March |
Statement of Financial Transactions | Annual | 31st 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 | 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 | 13th of the next month |
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 |
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