Regarding Statutory Obligations for the Month of March

Mar, 04 2021
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This is to remind that the following statutory obligations have to be complied by our group companies/ individuals to the extent as applicable:

INCOME TAX

  1. The Fourth Installment of ADVANCE INCOME TAX @100% of total estimated Income Tax (Less tax deposited in earlier installments / TDS deducted) for the Financial Year 2020-21 is to be deposited on or before 15th March,2021, if the estimated tax liability is Rs. 10,000/- or more.
  2. Last date to file Belated Income Tax Return for assesse who has not filled their return or audit for FY 2019-20 is 31.03.2021.

TDS

  1. TDS for the Month of February-2021 to be deposited on or before
    07-03-2021.

GST

  1. Due date for filing Monthly GSTR-1 for the month of February is 11.03.2021.
  2. Due date for filing GSTR-3B for the month of February-2021 is as follows:-
  • If Annual Turnover is Rs. 5 Cr. Or more in Previous Financial Year – 20.03.2021
  • If Annual Turnover is upto Rs. 5 Cr. in Previous Financial Year and Registered in Madhya Pradesh, Maharashtra, Karnataka and Telangana – 22.03.2021
  • If Annual Turnover is upto Rs. 5 Cr. in Previous Financial Year and Registered in Haryana. Delhi, Rajasthan and Uttar Pradesh – 24.03.2021.
  1. The annual return of GST for the period 01.04.2019 to 31.03.2020 is required to be filed along with statutory GST audit report, if Turnover for the period is Rs. 5 Crore or more, till 31.03.2021.
  2. The annual return of GST for the period 01.04.2019 to 31.03.2020 is required to be filed if Turnover for the period is Rs. 2 Crore or more, till 31.03.2021 respectively.

ESI / PF

  1. 15.03.2021 is due date for payment of Provident Fund Contribution for the month of February 2021.
  2. 15.03.2021 is due date for payment of ESI Contribution for the month of February 2021.

INTERNAL AUDIT

  1. It is advisable to update your books of accounts for the Financial Year 2020-21 till date and get them audited as early as possible to check proper Compliances.

Thanking you,

Yours Faithfully,

Kila & Co.

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