FEMA / RBI Compliance Calendar _ July 2019

Compliances under FEMA / RBI for the month of July 2019

Applicable Laws/Acts	Due Dates	Compliance Particulars	Forms / (Filing mode)
FEMA ACT 1999	on or before 15.07.2019	FLA Return is required to be submitted mandatorily by all the India resident companies which have received FDI and/ or made ODI in any of the previous year(s), including current year required to be filed by the companies, who hold foreign assets or liabilities in their financial statements as on 31 March.	Annual Return on Foreign Liabilities and Assets (FLA Return)
FEMA ACT 1999	Monthly Basis	External Commercial Borrowings Borrowers are required to report all ECB transactions to the RBI on a monthly basis through an AD Category – I Bank in the form of ‘ECB 2 Return’.	ECB 2 Return’
FEMA ACT 1999	Not later than 30 days from the date of issue of shares	After the issue of shares or other eligible securities, the Indian company has to file	Form FC-GPR
FEMA ACT 1999	Within 60 days from the date of receipt of the amount of consideration.	Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.	Form FC-TRS

Thanks 

TAX COMPLIANCE CALENDAR - JUNE 2019

TAX COMPLIANCE CALENDAR - JUNE 2019(Income Tax & GST)

   1. Compliance requirement under Income Tax act, 1961

Applicable Laws/Acts	Due Dates	Compliance Particulars	Forms/  (Filing mode)
Income Tax Act, 1961	07.06.2019	Due date for deposit of Tax deducted/collected for the month of May, 2019. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan	TDS & TCS
Income Tax Act, 1961	14.06.2019	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of April, 2019	TDS Certificate u/s 194-IA
Income Tax Act, 1961	14.06.2019	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of April, 2019	TDS Certificate u/s 194-IB
Income Tax Act, 1961	15.06.2019	Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2019 has been paid without the production of a challan	Form 24G
Income Tax Act, 1961	15.06.2019	Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March 31, 2019
Income Tax Act, 1961	15.06.2019	First instalment of advance tax for the assessment year 2020-21​
Income Tax Act, 1961	15.06.2019	Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2018-19
Income Tax Act, 1961	15.06.2019	Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of May 2019​	Form 3BB
Income Tax Act, 1961	29.06.2019	​Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in the financial year 2018-19.​	Form No. 3CEK
Income Tax Act, 1961	30.06.2019	​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of May 2019	challan-cum-statement u/s 194-IA
Income Tax Act, 1961	30.06.2019	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of May, 2019	challan-cum-statement u/s 194-IB
Income Tax Act, 1961	30.06.2019	Return in respect of securities transaction tax for the financial year 2018-19
Income Tax Act, 1961	30.06.2019	Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2019
Income Tax Act, 1961	30.06.2019	​Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2018-19	Form No. 64C
Income Tax Act, 1961	30.06.2019	​Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2019
Income Tax Act, 1961	30.06.2019	Due date for furnishing of statement of income distributed by business trust to its unitholders during the financial year 2018-19. This statement is required to be furnished to the unitholders in form No. 64B	form No. 64B

NOTE: 

a) Quarterly statement of TDS deposited for the quarter ending March 31, 2019 has been extended from May 30, 2019 to June 30, 2019 for the deductors of the State of Odhisha. Order F.No. 275/38/2017-It(b), dated 24-5-2019

b) Quarterly statement in Form 24Q of TDS deposited for the quarter ending March 31, 2019 has been extended from May 31, 2019 to June 30, 2019 vide order F.No. 275/38/2017-It(b), dated 04-06-2019

    2. Compliance  Requirement under Goods & Services Act,  (GST) 2017

Applicable Laws/Acts	Due Dates	Compliance Particulars	Forms/  (Filing mode)
GST, Act, 2017	10.06.2019	Form GSTR-7 for the month of May, 2019 (TDS Deductor)	GSTR-7
GST, Act, 2017	10.06.2019	TCS Collector (for the month of May, 2019)	GSTR - 8
GST, Act, 2017	11.06.2019	Return of outward supplies of taxable goods and/or services for the Month of May 2019 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return.	GSTR – 1
GST, Act, 2017	13.06.2019	Due date for Furnishing return of May 2019 by Input Service Distributors (ISD)	GSTR - 6
GST, Act, 2017	Payment of tax shall be made by 20th of the month succeeding the month to which the liability pertains.	Payment of self-assessed tax	PMT-08
GST, Act, 2017	18 months after end of the quarter for which refund is to be claimed	Application for Refund	RFD-10
GST, Act, 2017	20.06.2019	Summary of outward taxable supplies and tax payable by Non-Resident taxable person & OIDAR respectively. (for the month of March, 2019)	GSTR-5 & GSTR - 5A
GST, Act, 2017	20.06.2019	Simple GSTR return for the month of May, 2019	GSTR – 3B
GST, Act, 2017	30.06.2019	Annual Returns for FY 2017-18	GSTR-9, GSTR-9A & GSTR-9C

Note:

April GST return filing deadline extended till 20 June in parts of Odisha:

Government extends the deadline of GSTR-3B and GSTR-1 for the specified 14 districts in Odisha to June 20 and June 10, respectively.

14 Specified Districts:  

Angul	Balasore	Bhadrak	Cuttack	Dhenkanal	Ganjam	Jagatsinghpur
Jajpur	Kendrapara	Keonjhar	Khordha	Mayurbhanj	Nayagarh	Puri

Link: https://finance.odisha.gov.in/notifications/2019/24.pdf

and https://finance.odisha.gov.in/notifications/2019/23.pdf