The Month of January, 2021 is very significant with regards to the statutory due dates for ROC filing, GST return filings and Income tax filing falling in this month. Tax Compliance and Statutory Compliance calendar for the month of January 2021 helps every registered business and professional to be ready for compliance well in advance.
Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for GST Return due dates of January 2021, Compliance Calendar for Income Tax Return due dates for the month of January, 2021 and ROC Compliance Calendar for the month of January, 2021.
Due Dates are crucial for every taxpayer including businesses to file the GST returns, IT returns and prescribed ROC forms under the respective laws to avoid incurring any interest or late fee.
| Important due dates for the GST Returns in the Month of January 2021 | |||
| Due date | Form to be filed | Period | Who should file? |
| 10.01.2021 | GSTR 7 | December 2020 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST |
| 10.01.2021 | GSTR 8 | December 2020 | 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. |
| 11.01.2021 | GSTR 1 | December 2020 | Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return |
| 13.01.2021 | GSTR 1 | October to December 2020 | For the quarter October to December 2020 |
| 13.01.2021 | GSTR 6 | December 2020 | Input Service Distributors |
| 18.01.2021 | CMP-08 | October to December 2020 | Taxpayers who have opted for composition scheme |
| 20.12.2020 | GSTR 5 & 5A | December 2020 | Non-Resident Taxpayers and ODIAR services provider |
| 20.01.2021 | GSTR 3B | December 2020 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 22.01.2021 | GSTR 3B | December 2020 | Taxpayer having turnover upto ₹5 crores in previous financial year (monthly return) in the state of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu, and Dadra & Nagar Haveli, Puducherry, Andaman, and Nicobar Islands, Lakshadweep |
| 24.01.2021 | GSTR 3B | December 2020 | Taxpayer having turnover upto ₹5 crores in previous financial year (monthly return) in the state of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi |
| Important due dates for the Income Tax Compliance / PF / ESI in the Month of January 2021 | |||
| 07.01.2021 | Challan No. ITNS-281 | December 2020 | Payment of TDS/TCS deducted /collected in December 2020. |
| 10.01.2021 | Form- 1 to 7 | FY 2019-20 | Filing ITR for AY 2020-2021 for non-audit cases. (extended due date) |
| 10.01.2021 | Form- 1 to 7 | FY 2019-20 | Self assessment tax for small and middle class taxpayers for tax liability up to 1 lakh |
| 15.01.2021 | Tax Audit Report | FY 2019-20 | Tax Audit Report and report in respect of international/specified domestic transaction for the FY 2019-20 (extended due date) |
| 15.01.2021 | TCS Return | Quarterly | Quarterly TCS Return under Income Tax |
| 15.01.2021 | Electronic Challan cum Return (ECR) (PF) | December 2020 | E-payment of Provident Fund |
| 15.01.2021 | ESI Challan | December 2020 | ESI payment |
| 30.01.2021 | Form 26QB | December 2020 | Deposit of TDS on payment made for purchase of property in November. |
| 31.01.2021 (Due date Extended to 15.02.2021 | Form- 1 to 7 | FY 2019-20 | ITR filling for AY 2020-2021 for audit cases. (extended due date) |
| 31.01.2021 | Payment of Tax under Vivad se Vishwas act, 2020 (extended due date) | ||
| Please note: The Income Tax Department has extended various due dates for ITR filing and audit report filing including due dates for GSTR 9 & GST 9C filing | |||
| Important due dates for the ROC Compliance in the Month of January 2021 | |||
| 14.01.2021 | ADT 1 | – | If the AGM held on 31.12.2020 |
| 29.01.2021 | AOC 4 | – | If the AGM held on 31.12.2020 |
The Month of January 2021 is full of statutory due dates for various compliances under 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 / Companies / LLPs from hefty penalties.
Author Bio
TDS return filing date for Q3 FY 2020-21 was 31st Jan 2021 which is not updated in the above compliance calender. Many of the assessee missed to file filing of TDS/TCS return for Q3 assuming return filing date will be after 31st March 2021 as due date for filing Q1 & Q2 return extended to 31st March 2021.