Compliance Calendar for the month of October, 2021

Compliance-calendar-october-2021-ef56c507

And finally, the world seems to be recovering from COVID 19 effects. Things, including businesses, are getting back on track. Amid all of this, 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 the Ministry of Corporate Affairs, the Central Bureau of Direct Taxes, the Income Tax Department, the 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 are concerned, every month is significant. 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 October 2021.

Compliance Calendar for the Month of October 2021

 

Important due dates for the GST Returns in the Month of October 2021
Due dateForm to be filedPeriodWho should file?
10.10.2021GSTR 7September 2021GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST
10.10.2021GSTR 8September 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
11.10.2021GSTR 1September 2021Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return
13.10.2021GSTR 1 (QRMP)July to September 2021GST return for the taxpayers who opted for QRMP scheme (Optional)
13.10.2021GSTR 6September 2021Input Service Distributors
18.10.2021CMP- 08July to September 2021Composition
20.10.2021GSTR 5 & 5ASeptember 2021Non-Resident Taxpayers and ODIAR services provider
20.10.2021GSTR 3BSeptember 2021The due date for GSTR-3B having an Annual Turnover of more than 5 Crores
25.10.2021GST Challan PaymentSeptember 2021GST Challan Payment if no sufficient ITC for September (for all Quarterly Filers)
Important due dates for the Income Tax Compliance / PF / ESI in the Month of October 2021
07.10.2021Challan No. ITNS-281September 2021Payment of TDS/TCS deducted /collected in September 2021.
15.10.2021TDS CertificateAugust 2021Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of August, 2021
15.10.2021TDS CertificateAugust 2021Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of August, 2021
15.10.2021TDS CertificateAugust 2021Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of August, 2021
15.10.2021Form 24G by Government officerSeptember 2021Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2021 has been paid without the production of a challan
15.10.2021Form No. 3BBSeptember 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 September, 2021
15.10.2021TCS PaymentJuly to September 2021Quarterly statement of TCS deposited for the quarter ending September 30, 2021
15.10.2021Electronic Challan cum Return (ECR) (PF)September 2021E-payment of Provident Fund
15.10.2021ESI ChallanSeptember 2021ESI payment
30.10.2021TDS Challan-cum-statementSeptember 2021Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M
30.10.2021TCS CertificateJuly to September 2021Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2021
31.10.2021Form 3CEABFY 2020-21Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year 2020-21
31.10.2021TDS PaymentJuly to September 2021Quarterly statement of TDS deposited for the quarter ending September 30, 2021
31.10.2021Annual Audited AccountFY 2020-21Due date for furnishing of Annual audited accounts for each approved programme under section 35(2AA)
31.10.2021Non TDC ReturnJuly to September 2021Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2021
31.10.2021Copies of Form No. 60April to September 2021Copies of the declaration received in Form No. 60 during April 1, 2021 to September 30, 2021 to the concerned Director/Joint Director
31.10.2021Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 with additional charge
Important due dates for the Company Annual Filing and LLP Annual Filing in the Month of October 2021
14.10.2021ADT 1FY 2020-21
29.10.2021Form AOC 4FY 2020-21AOC 4 filing by Companies(If AGM is held on 30.09.2021)– If AGM was not held on 30.09.2021, then AOC 4 needs to be filed withing 30 days date of the conclusion of AGM
30.10.2021LLP Form 8FY 2020-21Every LLP should submit the data of its profit or loss and balance sheet.Financial Report of LLP
31.10.2021Form MSMEApril to September 2021All MSMEs should file a half-yearly return with the registrar for outstanding payments to Micro or Small Enterprises.

The month of October 2021 is crucial for the due dates for various 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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Ishita Ramani is a young women entrepreneur and currently the operations directors at ebizfiling india private limited. In her entire career so far, she had led a team of 50+ professionals like CA, CS, MBAs, and retired bankers. Parts from her individual experience on almost every facet of Indian statutory compliance, she has been instrumental in setting up operational at ebizfiling.com!

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