Important Tax Compliance Date For Startup And SME For FY-2021.

Tax Compliance Calendar for FY 2021 covering important due dates for Income Tax Filing, GST (GSTR1, GSTR3B. RET1), TDS Payments, Preparation, & Filing, ROC, and general accounting from Apr 01st 2019 to Mar 31st 2020 with a primary focus on Startup and SME.

Important due dates for the GST Return in March 2021

Due dateForm to be filedPeriodWho should file?
10.03.2021
GSTR 7February 2021
GSTR 7 is a return to be filed
by the persons who are required
to deduct TDS (Tax deducted at source) under GST
10.03.2021GSTR 8
February 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.
11.03.2021GSTR 1February 2021Taxpayers having an aggregate turnover of more than Rs. 1.50
Crores or opted to file Monthly Return
13.03.2021GSTR 6February 2021Input Service Distributors
20.03.2021GSTR 5 & 5AFebruary 2021Non-Resident Taxpayers and ODIAR services provider
20.03.2021GSTR 3BFebruary 2021The due date for GSTR-3B
having an Annual Turnover
of more than 5 Crores
31.03.2021CMP-08October to December 2020Due date for opting for composition scheme for the
year 2021-22

Important due dates for the Income Tax Compliance / PF / ESI in the Month of March 2021

07.03.2021Challan No. ITNS-281February 2021Payment of TDS/TCS deducted /collected in February 2021.
15.03.2021TCS ReturnQuarterlyAdvance Tax payment for the quarter of Jan to March 2021
15.03.2021Electronic Challan cum Return (ECR) (PF)February 2021E-payment of Provident Fund
15.03.2021ESI ChallanFebruary 2021ESI payment

31.03.2021
Form 26QQuarterlyExtended due date to file TDS return for AY 2020-21(Extended due date)
31.03.2021Form- 1 to 7FY 2019-20Filing ITR for AY 2020-2021 with penalty for both audit and non audit cases.
31.03.2021  Payment of Tax under Vivad se Vishwas act, 2020
31.03.2021Form 1 to 7FY 2019-20Last date to revise ITR for the financial year 2019-20
31.03.2021__Last date to link Aadhar with PAN
tax compliance

The month of march 2021 is full of statutory due dates for various tax compliances under the 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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About the Author: Ahraaz Makhdoomi