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

Period Form to be filed Description Due Date
February 2021 Challan No. ITNS-281 Payment of TDS/TCS deducted /collected in February 2021. 07.03.2021
January – March 2021 TCS Return Advance Tax payment for the quarter of Jan to March 2021 15.03.2021
FY 2019-20 Form 26Q Extended due date to file TDS return for FY 2019-20(Extended due date) 31.03.2021
FY 2019-20 Form- 1 to 7 Filing 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 31.03.2021
FY 2019-20  Form 1 to 7 Last date to revise ITR for the financial year 2019-20 31.03.2021
 –  – Last date to link Aadhar with PAN 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

Period Form to be filed Description Due date
February 2021 GSTR 7 GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST 10.03.2021
February 2021 GSTR 8 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. 10.03.2021
February 2021 GSTR 1 Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return 11.03.2021
February 2021 GSTR 6 Input Service Distributors 13.03.2021
February 2021 GSTR 5 & 5A Non-Resident Taxpayers and ODIAR services provider 20.03.2021
February 2021 GSTR 3B The due date for GSTR-3B having an Annual Turnover of more than 5 Crores 20.03.2021
October to December 2020 CMP-08 Due date for opting for composition scheme for the year 2021-22 31.03.2021
FY 2019-20 GSTR 9 & GSTR 9C Extended due date for filing GSTR 9 & GSTR 9C for the FY 2019-20 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.

Period Form to be filed Description Due Date
February, 2021 ESI Challan ESI Challan 15.03.2021
February, 2021 Electronic challan cum return (ECR)(PF) E-payment of Provident Fund 15.03.2021

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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