Its 1st April 2021. Start of new FY. However, Compliances of FY 20-21 will conclude in APRIL-2021. Here are Things you should share with your clients in APRIL FIRST WEEK for changes / compliances of APRIL 2021. It’s Important for FY 2020-21 as well as FY 2021-22.
GST CLIENTS
♦ Composition clients –
details for CMP 8 of Q4 as well as full year FY 20-21 details for GSTR 4 (Annual return)
♦ ALL NORMAL GST clients –
HSN code / SAC code on tax invoice related guidance
| 5 crore above 6 digits | 5 crore below 4 digits | from 01-04-2021 |
♦ Currently Monthly Clients
Ask for March GSTR 1 and 3B
it is advised to file GSTR 3B & 1 after checking comparison on GST site FOR FY 20-21..If any mismatch then Please solve in GSTR 1 or/and 3B of March..
♦ Currently QRMP clients
Ask for Quarterly GSTR 3B and Quarterly GSTR 1
Remember to ask full Q4 details in 1 & 3B
Also it is advised to file GSTR 3B & 1 after checking comparison on GST site FOR FY 20-21..If any mismatch then Please solve in GSTR 1 or/and 3B of March..
♦ 50 crore above GST clients
enablement of E-INVOICE & Guidance to generate e-INVOICE FROM 1ST April 2021
♦ 5 crore below GST clients –
selection for QRMP.. Opt in or Opt out to be done after carefully evaluating & discussing with Each client for FY 21-22..
♦ Export clients
Apply for LUT FOR FY 21-22
INCOME TAX CLIENTS
| TDS Clients 20-21 – pay TDS for March 2021 | |
| TCS clients 20-21 – Pay TCS for March 2021 | |
| TCS clients – TO> 10 CR above | Discuss about how TCS to be collected in FY 21-22 |
April Due dates for Both Income Tax and GST
| 11 April GSTR 1 monthly of March | 30 April GSTR 4 for FY 19-20 |
| 13 April GSTR 1 Quarterly of Q4 | 30 April Opting or Opt out QRMP |
| 18 April CMP 8 of Q4 | 30 April TDS / TCS for Q4 payment |
| 20 April GSTR 3B monthly of March | 30 April for Form 15G /15H |
| 22 April GSTR 3B quarterly of Q4 | I hope I am not missing anything |
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Dear Sir, I read your posts. I like it. I wish to ask whether I can file return for 2019-20 now?
Please help.