Compliance Calendar for the month of July 2021

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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 dateForm to be filedPeriodWho should file?
10.07.2021GSTR 7June 2021GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST
10.07.2021GSTR 8June 2021GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST
11.07.2021GSTR 1June 2021Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return
13.07.2021GSTR 1 (QRMP)April to June 2021  GST return for the taxpayers who opted for QRMP scheme
13.07.2021GSTR 6June 2021Input Service Distributors
18.07.2021CMP-08April to June 2021Due date for opting for composition scheme for the quarter April to June  
20.07.2021GSTR 5 & 5AJune 2021Non-Resident Taxpayers and ODIAR services provider
20.07.2021GSTR 3BJune 2021The due date for GSTR-3B having an Annual Turnover of more than 5 Crores
31.07.2021 (As extended)GSTR 4FY 2020-21Due 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
07.07.2021Challan No. ITNS-281June 2021Payment of TDS/TCS deducted /collected in June 2021.
07.07.2021Deposit of TDSApril to June 2021Due 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
15.07.2021TDS CertificateMay 2021Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of May, 2021
15.07.2021TDS CertificateMay 2021Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of May, 2021
14.07.2021TDS CertificateMay 2021Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of May, 2021
15.07.2021Form 15CCApril to June 2021Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2021
15.07.2021Statement of TCSApril to June 2021Quarterly statement of TCS deposited for the quarter ending 30 June, 2021
15.07.2021 (As extended)Certificate of TDSFY 2020-21Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2020-21
15.07.2021Form 15G/15HApril to June 2021Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2021
15.07.2021Form No. 3BBJune 2021Due 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. 64CFY 2020-21Statement 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
15.07.2021Electronic Challan cum Return (ECR) (PF)June 2021E-payment of Provident Fund
15.07.2021ESI ChallanJune 2021ESI payment
30.07.2021TDS Challan-cum-statementJune 2021Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M
30.07.2021Quarterly TCS CertificateApril to June 2021Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2021
31.07.2021Quarterly TDS StatementApril to June 2021Quarterly statement of TDS deposited for the quarter ending June 30, 2021
31.07.2021 (Extended to 30.09.2021)ITR filingFY 2020-21ITR filing for non audit cases and who have not entered into any international or specified domestic transaction
31.07.2021Non-TDS Return by banking companyApril to June 2021Quarterly 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
31.07.2021Form no. 67FY 2020-21Due 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.

 
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