The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the August itself. But simultaneously it is important for the businesses and entrepreneurs to stay compliant with various compliance during the year. As far as statutory compliance and tax compliance is concerned, every month is significant. There are various tax and statutory compliance calendars that includes the due dates relating to Company Annual Filing, LLP Annual filing, GST return filings and Income tax filing falls in the month of August 2021.
However, in the month of August, apart from Tax and Statutory compliance, one has to keep an eye on Company Annual Filing and LLP Annual filing as well, as the due date for filing form DPT 3 for the companies who have taken loans, due date for form CFSS 2020 and Form LLP 11 has been extended and now falls in the month of August only.
Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for GST due dates of August, 2021 and Compliance Calendar for Income Tax Return due dates for the month of August, 2021 and Compliance Calendar for the month of LLP and Company Annual Filing for the month of August, 2021.
Compliance Calendar for the Month of August 2021
| Important due dates for the GST Returns in the Month of August 2021 | |||
| Due date | Form to be filed | Period | Who should file? |
| 10.08.2021 | GSTR 7 | July 2021 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST |
| 10.08.2021 | GSTR 8 | July 2021 | 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 |
| 11.08.2021 | GSTR 1 | July 2021 | Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return |
| 13.08.2021 | GSTR 1 IFF (QRMP) | July 2021 | GST return for the taxpayers who opted for QRMP scheme (Optional) |
| 13.08.2021 | GSTR 6 | July 2021 | Input Service Distributors |
| 20.08.2021 | GSTR 5 & 5A | July 2021 | Non-Resident Taxpayers and ODIAR services provider |
| 20.08.2021 | GSTR 3B | July 2021 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 25.08.2021 | GST Challan (PMT 6) | For all Quarterly filers | GST Challan Payment if no sufficient ITC for May(for all Quarterly Filers) |
| 31.08.2021 | GST Amnesty Scheme | July 2017 to April 2021 | End date for the new GST Amnesty scheme for filing GSTR 3B without any additional fees |
| Important due dates for the Income Tax Compliance / PF / ESI in the Month of August 2021 | |||
| 07.08.2021 | Challan No. ITNS-281 | July 2021 | Payment of TDS/TCS deducted /collected in May 2021. |
| 14.08.2021 | TDS Certificate | June 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of April, 2021 |
| 14.08.2021 | TDS Certificate | June 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of April, 2021 |
| 14.08.2021 | TDS Certificate | June 2021 | Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of April, 2021 |
| 15.08.2021 | Form 24G by Government officer | July 2021 | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2021 has been paid without the production of a challan |
| 15.08.2021 | Form No. 3BB | July 2021 | Due 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 July, 2021 |
| 15.08.2021 | TDS Certificate | April to June 2021 | Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2021 |
| 15.08.2021 | Electronic Challan cum Return (ECR) (PF) | July 2021 | E-payment of Provident Fund |
| 15.08.2021 | ESI Challan | July 2021 | ESI payment |
| 30.08.2021 | TDS Challan-cum-statement | July 2021 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M |
| 31.08.2021 (As Extended) | Form No. 15CC | April to June 2021 | The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances (Due date extended from 31st July 2021) |
| 31.08.2021 (As Extended) | Form No.1 | FY 2020-21 | The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21 (Due date extended from 31st July 2021) |
| 31.08.2021 (As Extended) | Payment of tax | – | Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional charge (Due date extended from 30th June 2021 to 31st August 2021) |
| Important due dates for the Company Annual Filing and LLP Annual Filing in the Month of August 2021 | |||
| 31.08.2021
(As extended) |
Form DPT 3 | FY 2020-21 | For the Companies who have taken outstanding loans |
| 31.08.2021 (As extended) | Form CFSS | – | Form CFSS to be filed by the stakeholders who opted for CFSS 2020 scheme |
| 31.08.2021 (As extended) | Form LLP 11 | FY 2020-21 | Annual return to be filed by the Limited Liability Partnership for the FY 2020-21 (Original due date 3oth May, 2021) |
The month of August 2021 is crucial for the 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 from hefty penalties.
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