These compliances details comprises of due dates of Income tax, GST, EPF & PF for June 2021. Having stating this, these Compliances can help the assessee in planning his schedule.
Every month, there are significant compliances related to statutory and tax which the assessee is required to comply with. Considering the current COVID-19 situation, the government has recently given an extension for various deadlines. The following tax and statutory compliance details comprising of due dates relating to ROC filings, Income tax return filings, and GST Return filling which fall under the month of June 2021 compliances, can help the assessee in planning his schedule.
Direct Tax Compliances
The compliances for the month of June, 2021 are:
– Firstly, payment of TDS deducted/collected
– Secondly, payment of advance tax
– Thirdly, filing of TDS Return
– Fourthly, the last date to settle disputes related to Income Tax
– Fifthly, filing of Form SFT Return
– Fifthly, the last date to link PAN with Aadhaar
– Lastly, payment of tax under Vivad Se Vishwas Scheme
Due dates for Direct Tax Compliances
The due dates for direct tax compliances for the month of June, 2021 are:
| Period | Form to be filed | Description | Due Date |
|---|---|---|---|
| May 2021 | Challan No. ITNS-281 | Payment of TDS/TCS deducted /collected in May 2021. | 07.06.2021 |
| April 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of April, 2021 | 14.06.2021 |
| April 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of April, 2021 | 14.06.2021 |
| April 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of April, 2021 | 14.06.2021 |
| FY 2021-22 | First Instalment of Advance Tax | First instalment of advance tax for the assessment year 2022-23 | 15.06.2021 |
| Quarterly | Filing of TDS Certificate | Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March 31, 2021 | 15.06.2021 |
| FY 2020-21 | Certificate of TDS | Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2020-21 | 15.06.2021(Extended Due date 15.07.2021) |
| May 2021 | Form 24G by Government officer | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2021 has been paid without the production of a challan | 15.06.2021 (Extended due date 30.06.2021) |
| May 2021 | Form No. 3BB | 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 May, 2021 | 15.06.2021 |
| FY 2020-21 | Statement of Income in Form 64D | Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the Previous year 2020-21 | 15.06.2021(Extended Due date 30.06.2021) |
| FY 2020-21 | Statement by Eligible Investment Fund | Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in financial year 2020-21 | 29.06.2021 |
| May 2021 | TDS Challan-cum-statement | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M | 30.06.2021 |
| FY 2020-21 | Return for Securities transaction tax | Return in respect of securities transaction tax for the financial year 2020-21 | 30.06.2021 |
| Quarter ending March 2021 | Non-TDS Return by banking company | Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2021 | 30.06.2021 |
| FY 2020-21 | Form No. 64C | 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 | 30.06.2021(Due date extended to 30.07.2021) |
| FY 2020-21 | Report by public sector company | Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2021 | 30.06.2021 |
| FY 2020-21 | Form 64B | Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2020-21. This statement is required to be furnished to the unit holders in form No. 64B | 30.06.2021 |
| – | Linking of Aadhaar | Due date for linking of Aadhaar number with PAN | 30.06.2021 (As extended from 31.03.2021) |
| – | – | Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional charge | 30.06.2021 (As extended) |
| Quarterly | Statement of TDS | Quarterly statement of TDS deposited for the quarter ending March 31, 2021 | 30.06.2021 |
| FY 2020-21 | Form 61A | Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2020-21 | 30.06.2021 |
| FY 2020-21 | Form 61B | Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2020 by reporting financial institutions | 30.06.2021 |
| – | Return of tax deduction | Return of tax deduction from contributions paid by the trustees of an approved superannuation fund | 30.06.2021 |
Also Read: Acronyms Related To Income Tax
Indirect Tax Compliances
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, filing of monthly GSTR-1, where turnover exceeds Rs. 1.5 crores
– Fourthly, filing of GST return for taxpayer opting for QRMP Scheme
– Fifthly, GST return for Input Service Distributor
– Sixthly, filing of GST return by NRI and ODIAR services provider
– Seventhly, filing of GST return for persons having an annual turnover of Rs. 5 crores for Part A & B states,
– Lastly, filing of GST Challan
Due Dates for Indirect Tax Compliance
The due dates for Indirect Tax compliances for the month of June, 2021 are as follows:
| Period | Form to be filed | Description | Due date |
|---|---|---|---|
| May 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 | 10.06.2021 |
| May 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 | 10.06.2021 |
| May 2021 | GSTR 1 | Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return (The due date has been extended for GSTR 1 by 15 days as decided in 43rd GST Council Meeting) | 11.06.2021 (Extended Due date- 26.06.2021) |
| May 2021 | GSTR 1 IFF (QRMP) | GST return for the taxpayers who opted for QRMP scheme (Optional) (The due date has been extended for GSTR 1 (IFF) by 15 days as decided in 43rd GST Council Meeting) | 13.06.2021 (Extended Due date- 28.06.2021) |
| May 2021 | GSTR 6 | Input Service Distributors | 13.06.2021 |
| May 2021 | GSTR 5 & 5A | Non-Resident Taxpayers and ODIAR services provider | 20.06.2021 |
| May 2021 | GSTR 3B | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores | 20.06.2021 |
| For all Quarterly filers | GST Challan | GST Challan Payment if no sufficient ITC for May(for all Quarterly Filers) | 25.06.2021 |
Also Read: GST Registration on basis of State & Turnover
ESI & PF Compliances
The ESI & PF compliances with dates for the month of June, 2021 are as follows:
– Filing of Electronic Challan cum Return (Provident Fund)
– Additionally, filing of ESI challan
| Period | Form to be filed | Description | Due Date |
|---|---|---|---|
| May 2021 | Electronic Challan cum Return (ECR) (PF) | E-payment of Provident Fund | 15.06.2021 |
| May 2021 | ESI Challan | ESI payment | 15.06.2021 |
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