IMPORTANT ALERT FOR UPCOMING DUE DATES

Various changes have been made in Law regarding provisions of important tax compliances. This article discusses various upcoming important due dates which are relevant to almost every person. Upcoming due dates relating to filing of various forms with GST department e.g. Opt in QRMPs, LUT, Aadhar authentication, Updation of Udyam Registration & Import Export Code along with other Important compliances have been discussed in the article.

Sr. No. Particulars Period/Due Date Remarks
1 Opt in/Opt Out of QRMP scheme for June-2021 Qtr 01/02/2021 to 30/04/2021 GST registered entities, who wish to opt in/opt out of QRMP scheme to Regular Monthly Scheme for June-2021 quarter can do the scheme during 01/02/2021 to 30/04/2021.

(Website: www.gst.gov.in )

2 Apply Letter of Undertaking (LUT) for FY 2021-22 16/02/21 onwards The facility to furnish LUT for FY 2021-22 has been activated by GSTN. Now the exporters making zero rated supply without payment of taxes can furnish their LUT in Form GST RFD-11

(Website: www.gst.gov.in )

3 Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal 06/01/2021 onwards Functionality for Aadhaar Authentication and e-KYC (where Aadhaar is not available) has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal.

(Website: www.gst.gov.in )

4 GSTR 9 & GSTR 9C for FY 2019-2020 Due Date: 28/02/2021 Filing of GSTR 9 & GSTR 9C for FY 2019-2020 is due till 28/02/2021

(Website: www.gst.gov.in )

5 Filing of DTVSV Forms Due Date: 28/02/2021 Last date for filing Direct Tax Vivad se Vishwas Scheme (DTVSV) Forms is 28th Feb, 2021

( Website: www.incometaxindiaefiling.gov.in )

6 E-Verification of Income Tax Returns (EVC) Within 120 Days of Filing of ITR Income Tax Return has to be e-verified within 120 days from the date of e-filing. Since Due Date of ITR filing was extended upto 10/1/2021 (Non Audit) / 15/02/2021 (Audit Cases), hence in case you have filed the ITR but not e-verified the same, then you can do the same within prescribed period.

( Website: www.incometaxindiaefiling.gov.in )

7 Annual Renewal of ICAI LIC Group Term Insurance Feb-21 onwards ICAI has arranged in the form of specially designed Group Term Insurance through the LIC for CA Members of ICAI. The Term Insurance policy will cover death due to any reason. Policy started w.e.f Feb-2019 and Annual Renewal of the same is due accordingly.

( Website : https://cmpbenefits.icai.org/lic-term-insurance )

8 Advance Tax for Q4 of FY 2020-21 Due Date: 15/03/2021 Advance Tax Due date for Quarter 4 of FY 2020-21 is 15/03/2021.

https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

9 Monthly GSTR 3B Due Date for Regular Taxpayer Due Date: 20/03/2021 Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 – Central Tax, dated 10th Nov., 2020, has revised Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from January, 2021.

(For detailed Notification refer link https://www.gst.gov.in/newsandupdates/read/450)

10 Linking of PAN card with Aadhar Card Due Date: 31/03/2021 Last date for linking PAN with Aadhaar is 31st March, 2021.

(Website: www.incometaxindiaefiling.gov.in )

11 Migration of UAM/EM Part-II to Udyam Registration Due Date: 31/03/2021 All the existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) obtained
till 30.06.2020 shall remain valid till 31.03.2021, hence need to be migrated to New Udyam Registration.( Website: https://udyamregistration.gov.in )
12 Updation of GSTN in Udyam Registration Due Date: 31/03/2021 In case you have obtained Udyam Registration on Self Declaration Basis & don’t have GST registration yet, then you need to get GST registration and update in Udyam Registration to avoid de-activation, as GST registration is mandatory for Udyam Registration w.e.f. 01/04/2021.

( Website: https://udyamregistration.gov.in )

13 Opt in GST Composition Scheme Due Date: 31/03/2021 Functionality to opt in for composition has been made available for FY 2021-22 in the Dashboard of taxpayers at Common Portal. The eligible taxpayers, who wish to avail the composition scheme may opt in for composition up to 31st March 2021.
14 Tax Saving Deductions for FY 2020-2021 Due Date: 31/03/2021 In case you have not done Tax Saving Investments/Deductions available in Income Tax (e.g. LIC/PPF/NPS/Donation u/s.80G, Medical Premium u/s.80D etc) for FY 2020-21, then you can do the same by 31/03/2021 and submit to employer for Form 16 purpose.
15 Annual-Updation of Udyam Registration 01/04/2021 onwards An enterprise having Udyam Registration Number need to update its information online in the
Udyam Registration portal, including the details of the ITR and the GST Return for the
previous financial year and such other additional information as may be required, on self declaration
basis.Failure to update the relevant information within the period specified in the online Udyam
Registration portal will render the enterprise liable for suspension of its status of MSME.( Website: https://udyamregistration.gov.in )
16 Annual Updation of Import Export Code (IEC) April-21 to June-21 IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period.

In cases where there are no changes in IEC details same also needs to be confirmed online. An IEC shall be de-activated, if it is not updated within the prescribed time.

(For detailed notification refer link: https://taxguru.in/dgft/dgft-amends-importer-exporter-code-iec-provisions.html )

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Due Dates compiled by: CA Sagar Gambhir | FCA, DISA (ICAI), DIRM (ICAI), B.COM

Author can be reached at [email protected] for any queries, issues & recommendations relating to article. Any feedback for improvement would be really appreciated.

Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.

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