1. Compliance requirement under Income Tax
act, 1961
Applicable Laws/Acts
|
Due Dates
|
Compliance Particulars
|
Forms/
(Filing mode)
|
Income Tax Act, 1961
|
07.04.2020
|
Due date
for deposit of Tax deducted by an office of the government for the month of
March, 2020. However, all sum deducted 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
|
Tax deducted
by Govt. Office
|
Income Tax Act, 1961
|
14.04.2020
|
Due date for issue of TDS Certificate
for tax deducted under section 194-IA in the month of February, 2020
|
TDS
Certificate under section 194-IA
|
Income Tax Act, 1961
|
14.04.2020
|
Due date
for issue of TDS Certificate for tax deducted under section 194-IB
in the month of February, 2020
|
TDS
Certificate under section 194-IB
|
Income Tax Act, 1961
|
14.04.2020
|
Due date
for issue of TDS Certificate for tax deducted under section 194M
in the month of February, 2020
|
TDS
Certificate under section 194M
|
Income Tax Act, 1961
|
15.04.2020
|
Quarterly
statement in respect of foreign remittances (to be furnished by authorized
dealers) in Form No. 15CC for quarter ending March, 2020
|
Form No.
15CC
|
Income Tax Act, 1961
|
15.04.2020
|
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 March, 2020
|
Form no. 3BB
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for furnishing of Form 24G by an office of the
Government where TDS/TCS for the month of March, 2020 has been paid without
the production of a challan
|
Form No. 24G
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for furnishing of
challan-cum-statement in respect of tax deducted under section 194-IA
in the month of March, 2020
|
Tax Deducted under section 194-IA
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for furnishing of
challan-cum-statement in respect of tax deducted under section 194-IB
in the month of March, 2020
|
Tax Deducted under section 194-IB
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for furnishing of challan-cum-statement
in respect of tax deducted under section 194M in the month of March,
2020
|
Tax Deducted u/s 194M
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for deposit of Tax
deducted by an assessee other than an office of the Government for the month
of March, 2020.
|
Tax deducted by non – govt.
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for e-filing of a declaration in Form No. 61 containing
particulars of Form No. 60 received during the period October 1, 2019 to
March 31, 2020.
|
Declaration in Form No. 61
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for uploading
declarations received from recipients in Form. 15G/15H during the quarter
ending March, 2020.
|
Form. 15G/15H
|
Income Tax Act, 1961
|
30.04.2020
|
Due date for deposit of TDS for the
period January 2020 to March 2020 when Assessing Officer has permitted
quarterly deposit of TDS under section 192, 194A, 194D or 194H
|
Quarterly TDS
(January to March 2020)
|
Note: 1.
1.
PAN-Aadhaar linking deadline FURTHER extended to JUNE,
2020
The
due date for linking of PAN with Aadhaar as specified under sub-section 2 of
Section 139AA of the Income-tax Act,1961 has been extended from 31st December,
2019 to 31st March, 2020 and further extended to 30th June, 2020 due
to COVID – 19 outbreak. (Notification
no.107 of 2019 dated 30/12/2019 issued by CBDT.)
Link:
2. Compliance Requirement under Goods & Services Tax
Act, (GST) 2017
Applicable Laws/Acts
|
Due Dates
|
Compliance Particulars
|
Forms/
(Filing mode)
|
GST, Act, 2017
|
End of June
2020
|
Turnover less than Rs. 5 Crore Those having aggregate annual turnover less than Rs. 5 Crore Last
date can file GSTR-3B due in March, April and May 2020 by the last week of
June, 2020. No interest, late fee, and penalty to be charged.
|
GSTR-3B
|
GST, Act, 2017
|
End of June 2020 |
Turnover More than Rs. 5 Crore
Can file returns due in March, April and May 2020 by last week of
June 2020 but the same would attract reduced rate of interest @9 % per
annum from 15 days after due date (current interest rate is 18 % per annum).
No late fee and penalty to be charged, if complied before till 30 June 2020.
|
GSTR – 3B
|
GST, Act, 2017
|
End of June 2020 |
Return of outward
supplies of taxable goods and/or services for the Month of March 2020 (for
Assesses having turnover exceeding 1.5 Cr.) Monthly Return.
|
GSTR - 1
|
GST, Act, 2017
|
End of June 2020 |
Return of outward
supplies of taxable goods and/or services for the Month of March 2020 (for
Assesses having turnover Less than 1.5 Cr.) Monthly Return.
|
GSTR - 1
|
GST, Act, 2017
|
20th of the succeeding
|
Payment of self-assessed tax
(Payment of tax shall be
made by 20th of the month succeeding the month to which the liability
pertains.)
|
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
|
30.06.2020
|
Annual
Returns for FY 2018-19
|
GSTR-9,
GSTR – 9A
& GSTR-9C
|
GST, Act, 2017
|
3 months of the registration cancellation
date or order cancellation date, whichever comes late
|
A taxable
person who opts for cancellation of GST registration has to file a final
return under GST law in form GSTR-10 within three months.
|
GSTR - 10
|
GST, Act, 2017
|
28th of the month following
the month in which an inward supply is received by the UIN holders
|
Statement
of inward supplies by persons having Unique Identification Number (UIN)
|
GSTR - 11
|
GST, Act, 2017
|
Last week of June 2020
|
Return
filed by composition dealer statement-cum-challan to declare the
details or summary of his/her self-assessed tax payable for a given quarter.
(January 2020
to March 2020)
|
CMP-08
|
Note:
·
For
GST, no
different staggering dates will
be applicable.
·
Date
for opting for composition scheme is
extended till the last week of June, 2020. Further, the last date for making
payments for the quarter ending 31 March, 2020 and filing of return for 2019-20
by the composition dealers will be extended till the last week of June, 2020.
·
·
Payment
date under Sabka Vishwas Scheme shall be extended to 30 June, 2020. No interest
for this period shall be charged if paid by 30 June, 2020.
Key UPDATE(s):
1. The
GST helpdesk (call centre) will be operating with minimal resources due to
COVID-19 pandemic. Please use the self-help portal https://selfservice.gstsystem.in/
for technical issues relating to GST
portal
2. Forms
available on GST Portal for Taxpayers and Tax Officials
Government
has issued various forms for GST related compliances to be made by taxpayers
and for taking actions on them by tax officials. Various forms issued for
registration, filing returns or refunds etc. have been made available on the
GST Portal..
Read
more at :
3. Tracking
GST Refund Application Status on the GST Portal and PFMS portal
The
functionality to track the status of refund application has been available on
the GST portal. By utilising this functionality, the taxpayers can know the
stage at which the refund application is pending with the tax-officer/
taxpayer.
This
advisory is being issued for the benefit of the taxpayers in order to make them
aware of the ways in which they can track the status of their refund
applications on both the Portals.
Read
more at :
- 39th GST COUNCIL MEETING UPDATES
Disclaimer:
IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL
OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE
USE OF THIS INFORMATION.
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