DUE DATES FOR THE MONTH OF May, 2021 GST Compliance after Extension

 

Return Type

Tax period

Due Date

Extended till

GSTR-1 (Monthly)

April, 2021

11-05-2021

26-05-2021

Form IFF

April, 2021

13-05-2021

28-05-2021

GSTR-4

FY 2020-21

30-04-2021

31-05-2021

GSTR-5

March/ April, 2021

20th April/ May, 2021

31-05-2021

GSTR-6

April, 2021

13-05-2021

31-05-2021

GSTR-7

April, 2021

10-05-2021

31-05-2021

GSTR-8

April, 2021

10-05-2021

31-05-2021

GSTR 1 → Taxpayers having an aggregate turnover of more than ₹ 1.50 Crores or opted to file Monthly Return

GSTR 1 IFF (QRMP) → GST return for the taxpayers who opted for QRMP scheme (Optional)

GSTR 3B → The due date for GSTR-3B having an Annual Turnover of more than 5 Crores

GSTR 5 → Non-Resident Taxpayers

GSTR 5A → ODIAR services provider

GSTR 6 → Input Service Distributors

GSTR 7 → is a return to be filed by the persons who is required to deduct TDS under GST

GSTR 8 → is a return to be filed by the e-commerce operators who are required to deduct TCS under GST

Disclaimer: These dates may change when the Latest Notification comes from Government so stay tuned with us & follow our Instagram Page.

Popular posts from this blog

TDS Chart (Summary)

 TDS Chart (Summary) Section Particular Limit Rate 192 Salaries Slab Basis 193 Interest on Securities ₹ 10000 10% 194A Interest other than from Banking Co. ₹ 5000 10% 194C Payment to Contractors - Single Payment ₹ 30000 1%/2% 194C Payment to Contractors - During the Year ₹ 100000 1%/2% 194D Insurance Commission ₹ 15000 5% 194H Commission & Brokerage ₹ 15000 5% 194I Rent - Land & Building ₹ 240000 10% 194I Rent - Plant & Machinery ₹ 240000 2% 194IA Purchase of Immovable Property ₹ 50 Lakh 1% 194IB Rent - Individual/HUF ₹ 50000/month 5% 194J Fees - Professional/Technical Services ₹ 30000 10% 194M Individual/HUF - Other than 194C,H,J ₹ 50 Lakh 5% 194N Cash Withdrawal in Excess of ₹ 1 Crore ₹ 1 Crore 2% Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall b...
Read more

COVID - 19 impact on Audit reporting

Image
With wide-ranging COVID- 19 travel restrictions all around for an undetermined period,  the companies and their auditors are encountered with uncertainties in a number of audit  areas. Difficulties are also faced by entities in meeting their reporting timelines and the  same extend to auditors and their ability to complete the audit on time due to impediments  presented by COVID- 19. Considering this, auditors may need to perform additional  performance procedures to evaluate the appropriateness of management in assessing  the impact of uncertainties in the business.  Amid the economic turmoil, COVID- 19 is the principal consideration in the auditor's determination in assessing whether one or more Critical Audit Matter (CAM) exists and if exists, how to address those CAMs while reporting financial statements. A lot more doubts are rising till date on part of auditor in fulfilling their reporting requirement. To provide a detailed reporting framework to...
Read more