Important Due Dates For Various Compliances In March, 2021

Important Due Dates for Various Compliances in March, 2021

The month of March is the last month of the financial year. To give taxpayers one last time opportunity, various departments have also extended the due dates and the last date now falls in the month of March. TaxHelpdesk has compiled a list of due dates of compliances in March 2021. These are as follows: 

List of Income Tax Compliances in March 2021

The list of compliances in March 2021 is as follows:
– Firstly, payment of the fourth instalment of advance tax
– Secondly, payment of the fourth instalment of advance tax for small taxpayers opting for the presumptive taxation scheme
– Thirdly, the filing of the belated or revised return
– Fourthly, linking of PAN with Aadhaar
– Fifthly, the filing of quarterly statement of TDS/TCS deposited for Q1 and Q2
– Sixthly, the payment under Vivad Se Vishwas Scheme
– Lastly, passing of order or issuance of notice under direct tax and Benami laws

Also Read: Difference between TDS & TCS easily explained

income Tax Due dates of Compliances in March 2021

Income Tax Compliances and Due Dates for the month of March, 2021

Filing Period

Particulars

Due Dates

FY 2020-2021

For Individuals and corporate taxpayers:
Fourth instalment of advance tax

15.03.2021

FY 2020-2021

For taxpayers who have opted for Presumptive Taxation Scheme under Section 44AD & Section 44DA:
Fourth instalment of advance tax

15.03.2021

FY 2020-2021

Filing of belated or revised return

31.03.2021

Linking of PAN with Aadhaar

31.03.2021

FY 2020-2021

Filing of quarterly statement of TDS/TCS deposited for Q1 and Q2

31.03.2021

Payment under Vivad se Vishwas Scheme without any additional levy

31.03.2021

Passing of order or issuance of notice by the authorities and various compliances under various direct taxes & benami laws

31.03.2021

List of GST Compliances in March, 2021

The list of various compliances of GST are as follows:
– Firstly, filing of GST return for tax deducted at source
– Secondly, filing of GST return by e-commerce operators responsible for tax collection at source
– Thirdly, GST return for Input Service Distributor
– Fourthly, filing of GST return by NRI and ODIAR services provider
– Fifthly, filing of GST return for persons having an annual turnover of Rs. 5 crores for Part A & B states
-Sixthly, filing of monthly GST return by taxpayers whose aggregate turnover exceeds Rs. 5 crore in previous FY.
– Seventhly, filing of monthly GSTR-1, where turnover exceeds Rs. 1.5 crores
– Eighthly, filing of Annual Return
– Ninthly, updating of GSTN in Udyam Registration
– Lastly, opting for composition schemee

GST Due Dates

Following are the GST due dates for compliances in March 2021

Tax Period

Return

Particulars

Due Dates

February, 2021

GSTR-7

Return for Tax Deducted at Source

10.03.2021

February, 2021

GSTR-8

TCS collected by e-commerce operator

10.03.2021

February, 2021

GSTR-1

Monthly Return where turnover exceeds Rs. 1.5 crores

11.03.2021

February, 2021

GSTR-6

Return for Input Service Distributor

13.03.2021

February, 2021

GSTR-5

Return for Non Resident Taxpayer

20.03.2021

February, 2021

GSTR-5A

Return for ODIAR Services Provider

20.03.2021

February, 2021

GSTR-3B

Return for persons having an annual turnover of Rs 5 crores for Part A states

22.03.2021

February, 2021

GSTR-3B

Return for persons having an annual turnover of Rs 5 crores for Part B states

24.03.2021

February, 2021

GSTR-3B

Return when aggregate turnover exceeds Rs. 5 crore in previous FY

20.03.2021

FY 2019-20

GSTR-9/9C

Annual Return

31.03.2021

Updation of GSTN in Udyam Registration

31.03.2021

Opt in Composition Scheme

31.03.2021

Part A States are: Chhattisgarh, Madhya Pradesh, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Islands, Andhra Pradesh and Telangana

Part B States are: Jammu & Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha.

PF & ESI due dates

In addition to the Income Tax & GST compliances, one has to comply with PF & ESI compliances too.

The due date for filing of PF & ESI for the month of February, 2021 is 15th March, 2021.

The above stated are the various compliances for the month of March, 2021. Taxpayers are advised to mark their calendars and file the above mentioned before or on due date, to avoid any late fees, interest and penalties.

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