Finally, the world is opening, and everything is getting back in line after a long deadlock because of the COVID 19 crisis. However, it will take some time for the businesses, entrepreneurs, and taxpayers to bounce back to normal with regards to their businesses. However, it is important to stay compliant with enormous compliance falling in the year for businesses and entrepreneurs. The Government and concerned Government Departments such as Ministry of Corporate Affairs, Central Bureau of Direct Taxes, Income Tax Department, Ministry of Finance etc. have announced extensions in various due dates from time to time to facilitate the stakeholders and taxpayers at large. Nevertheless, statutory compliance and tax compliance Calendar is concerned, every month is significant including July 2021. There are various tax and statutory compliance due dates relating to ROC filing, GST return filings and Income tax filing falls in the month of July 2021.
Recently, the MCA has announced the extension in various ROC filing forms for Companies and LLP till 31st August 2021 which includes ROC Form DPT 3, LLP Form 11, Form CFSS etc.
Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for Statutory GST due dates of July 2021 and Compliance Calendar for Income Tax Return due dates for the month of July, 2021.
Compliance Calendar for the Month of July 2021
| Important Statutory due dates for the GST Returns in the Month of July 2021 | |||
| Due date | Form to be filed | Period | Who should file? |
| 10.07.2021 | GSTR 7 | June 2021 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST |
| 10.07.2021 | GSTR 8 | June 2021 | GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST |
| 11.07.2021 | GSTR 1 | June 2021 | Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return |
| 13.07.2021 | GSTR 1 (QRMP) | April to June 2021 | GST return for the taxpayers who opted for QRMP scheme |
| 13.07.2021 | GSTR 6 | June 2021 | Input Service Distributors |
| 18.07.2021 | CMP-08 | April to June 2021 | Due date for opting for composition scheme for the quarter April to June |
| 20.07.2021 | GSTR 5 & 5A | June 2021 | Non-Resident Taxpayers and ODIAR services provider |
| 20.07.2021 | GSTR 3B | June 2021 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 31.07.2021 (As extended) | GSTR 4 | FY 2020-21 | Due date for opting for composition scheme on annual basis |
| Important due dates for the Income Tax Compliance / PF / ESI in the Month of July 2021 | |||
| 07.07.2021 | Challan No. ITNS-281 | June 2021 | Payment of TDS/TCS deducted /collected in June 2021. |
| 07.07.2021 | Deposit of TDS | April to June 2021 | Due date for deposit of TDS for the period April 2021 to June 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H |
| 15.07.2021 | TDS Certificate | May 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of May, 2021 |
| 15.07.2021 | TDS Certificate | May 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of May, 2021 |
| 14.07.2021 | TDS Certificate | May 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of May, 2021 |
| 15.07.2021 | Form 15CC | April to June 2021 | Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2021 |
| 15.07.2021 | Statement of TCS | April to June 2021 | Quarterly statement of TCS deposited for the quarter ending 30 June, 2021 |
| 15.07.2021 (As extended) | Certificate of TDS | FY 2020-21 | Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2020-21 |
| 15.07.2021 | Form 15G/15H | April to June 2021 | Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2021 |
| 15.07.2021 | Form No. 3BB | June 2021 | 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 June, 2021 |
| 30.07.2021 (As extended) | Form No. 64C | FY 2020-21 | 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 2020-21 |
| 15.07.2021 | Electronic Challan cum Return (ECR) (PF) | June 2021 | E-payment of Provident Fund |
| 15.07.2021 | ESI Challan | June 2021 | ESI payment |
| 30.07.2021 | TDS Challan-cum-statement | June 2021 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M |
| 30.07.2021 | Quarterly TCS Certificate | April to June 2021 | Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2021 |
| 31.07.2021 | Quarterly TDS Statement | April to June 2021 | Quarterly statement of TDS deposited for the quarter ending June 30, 2021 |
| 31.07.2021 (Extended to 30.09.2021) | ITR filing | FY 2020-21 | ITR filing for non audit cases and who have not entered into any international or specified domestic transaction |
| 31.07.2021 | Non-TDS Return by banking company | April to June 2021 | Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2021 |
| 31.07.2021 | Form no. 67 | FY 2020-21 | Due date for claiming foreign tax credit, upload statement of foreign income offered for tax for the previous year 2020-21 and of foreign tax deducted or paid on such income in Form no. 67. |
The month of July 2021 is crucial for the due dates for various compliances under Goods and Service Act, Income Tax Act, Companies Act and LLP Act. Filing the above-mentioned forms on or before the due dates will save the Taxpayers from hefty penalties.
