The third wave of covid has already begun in India, and it may be worse than the previous two waves. However, it is critical for firms to maintain compliance with numerous regulations. Here is the entire August 2021 compliance calendar.
The entire compliance calendar for the month of August 2021, will serve as a reference as to what must be met and on what days. Employers and company owners will benefit from this. The compliance calendar assists entrepreneurs in better planning their schedules so that they may make the most of their time.
There are significant legislation and tax compliances every month. However, according to the compliance calendar, there are a few tax and statutory compliance due dates in August 2021, such as ROC filings, income tax return filings, and GST return files.
For Companies apart from statutory and tax compliances, there is extra compliance in the month of August 2021. Which is DPT-3 annual compliance. The due date for DPT 3 Filing was June 30, 2021. (Here is the compliance calendar of June 2021), but considering the covid situation, the government has extended the due date to 31st August 2021. This is a return of deposits that companies must file to furnish information about outstanding receipt of loans or money other than deposits.
There is an additional deadline for LLPs, the annual return of LLPs for the previous financial year i.e. 2020-21 needs to be filed by filing form 11 within August 31st, 2021.
Below is the complete compliance calendar for the month of August 2021. This calendar has been prepared in three parts, Compliance Calendar for GST due dates of August 2021, Compliance Calendar for Income Tax Return due dates for the month of August 2021, and Compliance calendar for the other Filings in the Month of August 2021.
I'm requesting that you check over each calendar completely to grasp the due dates and criteria for your company.
Tax and Statutory Compliance calendar for the month of August 2021
Below are the three compliance calendars for various compliances that a firm must follow.
GST Compliance calendar for the month of August 2021. (Important due dates for GST Return filings)
| SL NO | Form to be filed | For the Period | Due date | Who should file? |
|---|---|---|---|---|
| 1 | GSTR 1 | July 2021 | 11.08.2021 | Taxpayers having an aggregate turnover of more than INR 1.5 Crores or opted to file Monthly Return |
| 2 | GSTR 1 IFF (QRMP) | July 2021 | 11.08.2021 | GST return for the taxpayers who opted for QRMP scheme (Optional) |
| 3 | GSTR 3B | July 2021 | 20.08.2021 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 4 | GSTR 5 | July 2021 | 20.08.2021 | Non-Resident Taxpayers |
| 5 | GSTR 5A | July 2021 | 20.08.2021 | Registered person providing OIDAR services from outside India to a non taxable online recipient |
| 6 | GSTR 6 | July 2021 | 13.08.2021 | Input Service Distributors |
| 7 | GSTR 7 | July 2021 | 10.08.2021 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (TaxTDS (Tax deducted at source) deducted at source) under GST |
| 8 | GSTR 8 | July 2021 | 10.08.2021 | 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 |
| 9 | GST CMP-08 | July 2021 | 18.08.2021 | Tax payers opted for composition scheme |
Income Tax and Statutory compliance calendar for the month of August 2021. (Important due dates for TDS/PF/ESI return filings)
| SL NO | Form to be filed | For the Period | Due date | Who should file? |
|---|---|---|---|---|
| 1 | Challan No. ITNS-281 | July 2021 | 07.08.2021 | Payment of TDS/TCS deducted /collected in April 2021. |
| 2 | Electronic Challan cum Return (ECR) (PF) | July 2021 | 15.08.2021 | E-payment of Provident Fund |
| 3 | ESI Challan | July 2021 | 15.08.2021 | ESI payment |
| 4 | PT Challan | July 2021 | 20.08.2021 | E-payment of Professional Tax |
| 5 | Vivad se Viswad | 31.08.2021 | Settlement of pending tax disputes between individuals and the income tax department |
Other Important due dates in August 2021
| SL NO | Form to be Filed | For the Period | Due Date | Who should file? |
|---|---|---|---|---|
| 1 | DPT-3 Filing | FY 2020-21 | 31.08.2021 | Companies who have taken outstanding loans |
| 2 | PAS -6 | Half Yearly | 31.08.2021 | last date for reconciliation of share capital audit report |
| 3 | MSME- 1 | Half Yearly | 31.08.2021 | Payment delayed to MSME stake holders |
| 4 | FORM-11 | For FY 2020-21 | 31.08.2021 | Annual Return of LLP |
July 2021 was not that crucial for due dates for various compliances as compared to August 2021. As, in this month there are various regular compliances related to GST filings, Income Tax filings, and Statutory compliances. Along with these, there are additional filings such as DPT-3, form 11 for LLPs, and a couple of others.
Filing the above-mentioned list of compliances on or before the due days will save businesses and entrepreneurs from hefty penalties. We advise you to get in touch with your CA/CS for filing for these compliances. If you need any help, feel free to write to us at Info@bbnc.in.
