CA Durgesh Kabra

CA Durgesh KabraThe business entity such as Proprietary Concerns/Partnership Firms/ LLP/ AOP/HUF/ Companies, etc. has to follow various statutory compliances monthly/quarterly/half-yearly/annually, as the case may be.

For the benefit of all and timely compliances related to various laws applicable to be followed for the June 2016 month (May 2016 Commitments) are listed as below:

Due DateCategoryDescription
06-06-2016Central Excise (Refer Note 1)Payment of Excise Duty for all Assesses (including SSI Units)
06-06-2016Service Tax (Refer Note 1)Service Tax Payment for Month May
07-06-2016TDS/TCSTCS payment for May
07-06-2016TDS/TCSTDS Payment for May
07-06-2016Income TaxForm 15G/H submission received in May
07-06-2016Income TaxLast date of submission of declaration i.e., for no TCS u/s 206C(1A) obtained from manufacturer to the Commissioner/Chief Commissioner of Income Tax as the case may be.
07-06-2016Income TaxPayment on transfer of certain immovable property other than agricultural land
10-06-2016Central Excise (Refer Note 1)Filing ER-1 Return (Other than SSI Units)
10-06-2016Central Excise (Refer Note 1)Filing ER-2 monthly return by 100% EOU (removing goods in domestic tariff area)
10-06-2016Central Excise (Refer Note 1)Filing monthly ER-6 Return by specified class of Assesses regarding principal inputs.
10-06-2016Central Excise (Refer Note 1)Exports – Procurement of specified goods from EOU for use in manufacture of Export goods in Form Ann-17B for DTA units, procuring specified goods from EOU for manufacture of export goods.
10-06-2016Central Excise (Refer Note 1)Proof of Exports in form Ann.-19, once in a month for all exporters, exporting goods under Bond
10-06-2016Central Excise (Refer Note 1)Export detains in Form Ann.-20, for Manufacturing following simplified export procedure
10-06-2016Central Excise (Refer Note 1)Removal of excisable goods for specified use at concessional rate of duty in terms of Rules described in Col. 4.
15-06-2016Provident Fund (includes EDLI)PF Payment for May
15-06-2016Income TaxPayment of First Installment of Advance Tax by all Assesses in Challan 280 AY 17-18
21-06-2016ESICESIC Payment and Return for May
21-06-2016MVAT/CST (Refer Note 2)WCT -TDS Payment for May
21-06-2016MVAT/CST (Refer Note 2)Monthly Return for May (TAX>1000000/-)
21-06-2016MVAT/CST (Refer Note 2)Monthly Payment for May
22-06-2016Income TaxDue date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of May, 2016
25-06-2016ESICMonthly – Consolidated Statement of dues and remittance under EPF Scheme, 1952, EPS 1995 and Employees’ Deposit Linked Insurance Scheme, 1976 of the previous month to which the dues relate.
25-06-2016Provident Fund (includes EDLI)PF Return filing for May (including pension and insurance scheme forms)
30-06-2016Central Excise (Refer Note 1)Particulars relating to clearances, electricity load etc. in Form Ann. – 4, exceeding the limit of Rs. 90 lakhs of exempted clearances for Small scale units availing exemption and whose turnover exceeds or has exceeded Rs. 90 lakhs in a financial year, as the case may be.
30-06-2016MVAT/CST (Refer Note 2)Quarterly Returns January to March (For dealers not liable to file F-704)
30-06-2016MVAT/CST (Refer Note 2)Six Monthly Returns October to March (For dealers not liable to file F-704)
30-06-2016MVAT/CST (Refer Note 2)E ANNEXURE (With the last Return of the Financial Year)
30-06-2016Profession Tax ( Tax Liability > = 50000 or in case of First Year of Registration)Payment and Return of May
30-06-2016Profession Tax ( Tax Liability > = 50000 or in case of First Year of Registration)Payment of PTEC by person who stands enrolled for first time before the commencement of a year or is enrolled on or before 31st May of a year and by person who is enrolled after the 31st May of a year for the first time and by already registered PTEC holders
30-06-2016Income TaxReturn in respect of securities transaction tax for the financial year 2015-16
30-06-2016Income TaxQuarterly 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, 2016
30-06-2016Income TaxReport by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2016
30-06-2016Income TaxDue date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2015-16. This statement is required to be furnished to the unit holders in form No. 64B [As prescribed under Rule 12CA inserted by the Income-tax (First Amendment) Rules, 2016, w.e.f. 19-1-2016.]
30-06-2016Income TaxReturn of tax deduction from contributions paid by the trustees of an approved superannuation fund
30-06-2016Income TaxParticulars under the third proviso to section 194C (3)(i) to be furnished by a contractor responsible for paying any sum to such sub-contractor shall be in Form No. 15J. – A copy shall be furnished before Commissioner of Income Tax for the Financial Year ending March 31.
30-06-2016Luxury Tax ActMonthly Return of May

Notes:

1. Excise and Service Tax : One day grace is allowed for payment of Excise / Service Tax in e-mode and Next working day will be considered as due date, if the due date falls on Holiday/Sunday. However, for Excise previous working day to be considered.E-Payment will be considered valid up to 8:00 pm of the respective day.

2. MVAT – As per Trade Circular 16T of 2008 issued by Hon’ble CST the concession of additional 10 days are given for uploading e-return. However, this concession is available subject to the payment of tax as per return is made on or before prescribed due date. Therefore, the dealer fulfilling this condition may upload e-return within additional 10 days.

(Author can be reached at durgeshkabra@gmail.com)

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(Republished with amendments replacing due date calendar for earlier months)

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