Tax Calendar of November 2021- GST, Income Tax and Companies Act

tax calendar

1. Compliance requirement under Income Tax act, 1961

  Sl.  Compliance Particulars  Due Dates  
1Due date of depositing TDS/TCS liabilitiesunder Income Tax Act, 1961 for previousmonth.07.11.2021
2.Due date deposit of TDS for July-Sep. 2021u/s section 192, 194A, 194D or 194H.07.11.2021
  3Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of September, 202114.11.2021
  4Due date of TDS Certificate in case of Tax deducted in case of other than salary for the quarter ending September, 202115.11.2021
5Form 3BB is the monthly statement to be furnished by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of October 202115.11.2021
6Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of October, 2021 has been paid without the production of a challan  15.11.2021
7Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of October  30.11.2021
83CEAA is required to be Filed electronically with the Director General of Income Tax (Risk Assessment)  30.11.2021
  9To exercise option of safe harbour rules for International transaction by furnishing Form 3CEFA.  30.11.2021
10To exercise option of safe harbour rules for Domestic transaction by furnishing Form 3CEFB.  30.11.2021
11Statement of income distribution by Venture Capital Company or venture capital fund in respect of income Distributed during previous Year 2020-21 (Form No. 64)  30.11.2021
12Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2020-21.30.11.2021
13Statement to befurnished inForm No. 64Dby AlternativeInvestmentFund (AIF) toPrincipal CIT orCIT in respectof incomeDistributed(during previousyear 2020-21)to units holders  30.11.2021
14Submit copy ofaudit ofaccounts to theSecretary,Department ofScientific andIndustrialResearch incase companyis eligible forweighted deduction under section35(2AB).  30.11.2021
15Report to be furnished in Form 3CEB in respect of International transaction and specified domestic transaction.30.11.2021

Income Tax Calendar Due Date – Extensions

Sl.Nature of ExtensionProvisions / Forms of IT Act 1961Original Due DateExtended Due Date
  1Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021  Form No. 15G/15H  15.07.2021  30.11.2021
    2Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June,2021,  Form II SWF  31.07.2021  30.11.2021
    3Intimation to be made by a Pension Fund in respect of each investment ) made by it in India in Form No. 10BBB for the quarter ending on 30th June,2021    Form No. 10BBB  31.07.2021  30.11.2021

Important Notifications – For the month of October – 2021:

Sl.Particulars of the Notification(s)File No. / Circular No.Link(s)
1.TheIncome-tax(31st Amendment) Rules, 2021.Notification No. 118/2021Click Here
  2.Processing of returns with refund claims under section 143(1) of theIncome-tax Act 1961 beyond the prescribed time limits in non-scrutiny cases – reg  F. No. 225/98/2020 – ITA-II  Click Here
  3.Income Tax Department conducts searches in Assam, Meghalaya and West BengalPress Release ID: 1762084  Click Here
  4.Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with IndiaPress Release ID: 1760883  Click Here
  5.TheIncome-tax(31st Amendment) Rules, 2021.Notification No. 118/2021Click Here
  6.Processing of returns with refund claims under section 143(1) of theIncome-tax Act 1961 beyond the prescribed time limits in non-scrutiny cases – reg  F. No. 225/98/2020 – ITA-II  Click Here
  7Income Tax Department conducts searches in Assam, Meghalaya and West BengalPress Release ID: 1762084  Click Here
8Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with IndiaPress Release ID: 1760883  Click Here
9Clarification regarding Section 36(1)(xvi i) of the Income-tax Act. 1961 inserted vide Finance Act. 2015Circular No. 18 / 2021Click Here

2. Compliance Requirement under GST

Filing of GSTR –3B

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax periodDue DateNo interest payable tillParticulars
October, 202120thNovember, 2021Due Date for filling GSTR – 3B return for the month of Oct, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Group A States: 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

Tax periodDue Date
October, 202122nd November, 2021

C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Group B States: 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

Tax periodDue Date
October, 202124thNovember, 2021

D. Filing Form GSTR-1:

Tax periodDue DateRemarks
Monthly return (October, 2021)11.11.2021GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate Turnover more than 1.50 Crore.   GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate turnover less than 1.50 Crore and opted to file monthly Return.

E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.Compliance ParticularsTimeline Due Date
GSTR-5 & 5ANon-resident ODIAR services provider file Monthly GST Return20th of succeeding month           20.11.2021
  GSTR -6Every Input Service Distributor (ISD)  13th of succeeding month  13.11.2021
  GSTR -7Return for Tax Deducted at source to be filed by Tax Deductor  10th of succeeding month  10.11.2021
  GSTR -8E-Commerce operator registered under GST liable to TCS10th of succeeding month10.11.2021

F. GSTR – 1 QRMP monthly return

Form No.Compliance ParticularsTimeline Due Date
  Details of outward supply-IFFGST QRMP monthly return due date for the month of October, 2021 (IFF). Applicablefor taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.  13th of succeeding month     13.11.2021

G. GST Refund:

Form No.Compliance ParticularsDue Date  
RFD -10Refund of Tax to Certain Persons18 Months after the end of quarter for which refund is to be claimed

Other Returns:

Form No.Compliance ParticularsTimeline Due Date
    CMP-08GST ChallanPayment fortaxpayer, withaggregateturnover of less than INR 5Crores during preceeding year, who hasopted for quarterly filing of returns.GST Challan payment if No sufficient ITC available    25.11.2021
GST return for pending Period-Amnesty SchemeFiling of Pending GST return with reduced penalty under Amnesty Scheme.July, 2017 to April, 2021From 01.6.2021 to 30.11.2021   (earlier due date was 31.08.2021)

Read Also: GST Weekly Update: Goods and Service Tax -2021

Major GST Update:

  • The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login henceforth.
  • GSTR-2B will be available in the afternoon of 14th as its generation commences after end of due date of GSTR-1/IFF filing on 13th.

GST UPDATES from 01.10.2021 to 31.10.2021

Sl.Notification ParticularsNotification No.Link(s)
1.  Resumption of Blocking of E-Way Bill (EWB) generation facility.GSTN Circular No. 507  Click Here
2.Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 45th meeting held on 17th September, 2021 at Lucknow – reg.  163/19/2021-GST        Click Here
3.Clarifications regarding applicable GST rates & exemptions on certain services.164/2020/2021-GST      Click Here
4.Availability of Input Tax Credit (ITC) for FY 2020-21GSTN Circular No. 509  Click Here
5.Ahmedabad, Surat becoming bogus GST billing hubs: GovtNews Article
6Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017.13/2021-Central Tax (Rate), dt. 27-10-2021  Click Here
7Seeks to amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017.13/2021- Integrated Tax (Rate),   dt. 27-10-2021  Click Here
8Clarifications regarding applicable GST rates & exemptions on certain services.  164/2020/2021-GST  Click Here
9Advisory for taxpayers on Form GSTR-2BGSTN Circular No. 510Click Here

3. Compliance Requirement under Companies Act

  Due Dates  Compliance Particulars  Forms / Filing mode
First declaration within 90 days from the date of notification Dt. 08.02.2019    A person having Significant beneficial owner shall file a declaration to the reporting company i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019   In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.  Form BEN-1
within 30 days of acquiring beneficial interestFiling of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.  (the date of receipt of declaration in BEN-1 ) CLICK HEREForm BEN – 2 (e-form deployed by Ministry (ROC)) on 01.07.2019
Annual Compliance (30.09.2021)*DIN KYC through DIR 3 KYC Form is an Annual Exercise. Last date for filing DIR-3 KYC for Financial year 2020-21 is 30th September, 2021   Annual Exercise: CLICK HERE Penalty after due date is Rs. 5000/-(one time)  E-Form DIR – 3 KYC (Web Based and E-form)  
Within 270 days from the date of deployment of this FormAnnual Return To Be Filed By Auditor With The National Financial Reporting Authority CLICK HERE CLICK HERE Click Here Note on NFRA -2NFRA-2 (NFRA-2 e-Form live since 9th December 2019.)
Within 15 days of appointment of an auditor.The Ministry in its General Circular No. 12/2018 dated 13th December, 2018 clarified that filing of Form NFRA-1 is applicable only for Bodies Corporate and ruled out filing by Companies as defined under sub-section (20) of Section 2 the Act.E – Form NFRA -1
Within 30 days of the board meetingFiling of resolutions with the ROC regarding Board Report and Annual Accounts. The details of the resolutions passed should be filed.MGT-14  (Filing of resolution with MCA)
Within 60 (sixty) days from the conclusion of each half year.Reconciliation of Share Capital Audit Report (Half-yearly) Pursuant to sub-rule Rule 9A (8) of  Companies (Prospectus and Allotment of Securities) Rules, 2014 To be filed all unlisted companies, deemed public companies Till further clarification to be filled in GNL-2E-Form PAS – 6
(Half Yearly basis) 31.10.2021Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise, can be filed delayed without any Additional FeeE-Form MSME-1
One Time compliances           Registration of Entities for undertaking CSR activities       – Trust/ Society/ Section 8 Company need to file before Acceptance of Donation as CSR w.e.f. 01st April 2021E-Form CSR-1
within a period of 60 days after the holding of AGMIEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts. This e-form shall be filed within a period of 60 days after the holdingof AGM or the date on which it should have been held as perthe provisions of section 96 of the Act, whichever is earlierIEPF -2

LLP Compliance:

  Applicable Laws/Acts    Due Dates  Compliance Particulars  Forms / Filing mode
  LLP Act, 2008  30.12.2021 (extended)Statement of Account and Solvency for Financial Year 2020-21 Within30 days from the end of 6 months of the financial year to which the statement relates.Form LLP-8    

Due dates of ROC Return Filings

Sl. No.  Particulars    Due Date  E- Form
  1  Appointment of AuditorWithin 15 days from the conclusion of AGM    ADT-1
      2  Filing of financial statement and other documents with the ROC31.12.2021 – due date extended for all Companies including OPC Within 30 days from the conclusion of the AGM, other than OPC (In case of OPC within 180 days from the close of the financial year)      AOC-4
  3Filing of annual return by a company.31.12.2021 – due date extended for all Companies including OPC   Within 60 days from the conclusion of AGM  MGT-7
4Filing of annual return by a company.31.12.2021 – due date extended for all Companies including OPC   Within 60 days from the conclusion of AGM – Applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC and small companies.    MGT-7A
5.Filing of Cost Audit Report with the Central Government31.11.2021 – due date extended   Within 30 days from the receipt of Cost Audit Report  CRA-4

MCA Monthly Update Calendar: October, 2021

  Sl.    Particulars of the Circulars  Link
1Engagement of Media Advisor on contract in contract in IEPF Authority  Click Here
2Advertisement Notice in Form No. 63 for invitation of claims in the matter of M/s. Blue Crystal Agro Chemicals Ltd., (in Liquidation) issued by the OL, Bengaluru  Click Here
3Dissolution Notice of various Companies (in liqn) issued by the OL Chandigarh  Click Here
4Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg.  Click Here
5.Form MGT-7/MGT-7A is likely to be revised on MCA21 Company Forms Download page w.e.f 14th October, 2021. Stakeholders are advised to check the latest version before filing.  Click Here
6.Expression of Interest (EOI) in the matter of M/s.Sirsilk Ltd.Click Here
7ROC Annual Filing: Quick Referencer for All CompaniesClick Here
8Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4, AOC-4 XBRL AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013    Click Here
9Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg  Click Here
10Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021.- reg  Click Here
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The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]

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