CS Lalit Rajput | Nov 7, 2021 |
Tax Compliance Calendar November 2021
This article contains various Compliance requirements for the Month of November, 2021 under various Statutory Laws.
Compliance Requirement Under
| Sl. | Compliance Particulars | Due Dates |
| 1 | Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. | 07.11.2021 |
| 2. | Due date deposit of TDS for July-Sep. 2021 u/s section 192, 194A, 194D or 194H. | 07.11.2021 |
| 3 | Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of September, 2021 | 14.11.2021 |
| 4 | Due date of TDS Certificate in case of Tax deducted in case of other than salary for the quarter ending September, 2021 | 15.11.2021 |
| 5 | Form 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 2021 | 15.11.2021 |
| 6 | Due 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 |
| 7 | Due 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 |
| 8 | 3CEAA is required to be Filed electronically with the Director General of Income Tax (Risk Assessment) | 30.11.2021 |
| 9 | To exercise option of safe harbour rules for International transaction by furnishing Form 3CEFA. | 30.11.2021 |
| 10 | To exercise option of safe harbour rules for Domestic transaction by furnishing Form 3CEFB. | 30.11.2021 |
| 11 | Statement 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 |
| 12 | Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2020-21. | 30.11.2021 |
| 13 | Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income Distributed (during previous year 2020-21) to units holders | 30.11.2021 |
| 14 | Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB). | 30.11.2021 |
| 15 | Report to be furnished in Form 3CEB in respect of International transaction and specified domestic transaction. | 30.11.2021 |
| Sl. | Nature of Extension | Provisions / Forms of IT Act 1961 | Original Due Date | Extended Due Date |
| 1 | Uploading 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 |
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2 | Intimation 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 |
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3 | Intimation 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 |
| Sl. | Particulars of the Notification(s) | File No. / Circular No. | Link(s) |
| 1. | The Income-tax (31st Amendment) Rules, 2021. | Notification No. 118/2021 | Click Here |
| 2. | Processing of returns with refund claims under section 143(1) of the Income-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 Bengal | Press Release ID: 1762084 | Click Here |
| 4. | Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India | Press Release ID: 1760883 | Click Here |
| 5. | The Income-tax (31st Amendment) Rules, 2021. | Notification No. 118/2021 | Click Here |
| 6. | Processing of returns with refund claims under section 143(1) of the Income-tax Act 1961 beyond the prescribed time limits in non-scrutiny cases – reg | F. No. 225/98/2020 – ITA-II | Click Here |
| 7 | Income Tax Department conducts searches in Assam, Meghalaya and West Bengal | Press Release ID: 1762084 | Click Here |
| 8 | Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India | Press Release ID: 1760883 | Click Here |
| 9 | Clarification regarding Section 36(1) (xvi i) of the Income-tax Act. 1961 inserted vide Finance Act. 2015 | Circular No. 18 / 2021 | Click Here |
Filing of GSTR –3B
a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
| Tax period | Due Date | No interest payable till | Particulars |
| October 2021 | 20th November, 2021 | – | Due Date for filling GSTR – 3B return for the month of June, 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)
| Tax period | Due Date | No interest payable till | Particulars |
| October, 2021 | 22nd November, 2021 | – | Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B |
| 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 | |||
c. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | No interest payable till | Particulars |
| October, 2021 | 24th November, 2021 | ||
| 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 | |||
d. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return (October, 2021) | 11.11.2021 | GST 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 Particulars | Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month | 20.11.2021 |
| GSTR -6 | Every Input Service Distributor (ISD) | 13th of succeeding month | 13.11.2021 |
| GSTR -7 | Return for Tax Deducted at source to be filed by Tax Deductor | 10th of succeeding month | 10.11.2021 |
| GSTR -8 | E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.11.2021 |
f. GSTR – 1 QRMP monthly return
| Form No. | Compliance Particulars | Timeline | Due Date |
| Details of outward supply-IFF | GST QRMP monthly return due date for the month of October, 2021 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore. | 13th of succeeding month | 13.11.2021 |
g. GST Refund:
| Form No. | Compliance Particulars | Due Date |
| RFD -10 | Refund of Tax to Certain Persons | 18 Months after the end of quarter for which refund is to be claimed |
| Form No. | Compliance Particulars | Timeline | Due Date |
| CMP-08 | GST Challan Payment for taxpayer, with aggregate turnover of less than INR 5 Crores during preceeding year, who has opted for quarterly filing of returns. | GST Challan payment if No sufficient ITC available | 25.11.2021 |
| GST return for pending Period-Amnesty Scheme | Filing of Pending GST return with reduced penalty under Amnesty Scheme. | July, 2017 to April, 2021 | From 01.6.2021 to 30.11.2021 (earlier due date was 31.08.2021) |
Major Update:
| Sl. | Notification Particulars | Notification 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 2020-21 | GSTN Circular No. 509 | Click Here |
| 5. | Ahmedabad, Surat becoming bogus GST billing hubs: Govt | News Article | Click Here |
| 6 | Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017. | 13/2021-Central Tax (Rate), dt. 27-10-2021 | Click Here |
| 7 | Seeks to amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017. | 13/2021- Integrated Tax (Rate), dt. 27-10-2021 | Click Here |
| 8 | Clarifications regarding applicable GST rates & exemptions on certain services. | 164/2020/2021-GST | Click Here |
| 9 | Advisory for taxpayers on Form GSTR-2B | GSTN Circular No. 510 | Click Here |
| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / Filing mode |
| Companies Act, 2013 | 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 http://www.mca.gov.in/Ministry/pdf/CompaniesOwnersAmendmentRules_08020219.pdf 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 Draft Format available at LINK |
| Companies Act, 2013 | within 30 days of acquiring beneficial interest | Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018. (the date of receipt of declaration in BEN-1 ) CLICK HERE | Form BEN – 2 (e-form deployed by Ministry (ROC)) on 01.07.2019 |
| Companies Act, 2013 | 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) |
| Companies Act, 2013 | Within 270 days from the date of deployment of this Form | Annual Return To Be Filed By Auditor With The National Financial Reporting Authority CLICK HERE CLICK HERE Click Here Note on NFRA -2 Click Here | NFRA-2 (NFRA-2 e-Form live since 9th December 2019.) |
| Companies Act, 2013 | 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 |
| Companies Act, 2013 | Within 30 days of the board meeting | Filing 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) |
| Companies Act, 2013 | 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-2 | E-Form PAS – 6 |
| Companies Act, 2013 | (Half Yearly basis) 31.10.2021 | Form 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 Fee | E-Form MSME-1 |
| Companies Act, 2013 | 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 2021 | E-Form CSR-1 |
| Companies Act, 2013 | within a period of 60 days after the holding of AGM | IEPF 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 holding of AGM or the date on which it should have been held as per the provisions of section 96 of the Act, whichever is earlier | IEPF -2 |
| 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 Within 30 days from the end of 6 months of the financial year to which the statement relates. | Form LLP-8 |
| Sl. No. | Particulars | Due Date | E- Form |
| 1 | Appointment of Auditor | Within 15 days from the conclusion of AGM | ADT-1 |
| 2 | Filing of financial statement and other documents with the ROC | 31.12.2021 – 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 |
| 3 | Filing 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 |
| 4 | Filing 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 Government | 31.11.2021 – due date extended Within 30 days from the receipt of Cost Audit Report | CRA-4 |
| Sl. | Particulars of the Circulars | Link |
| 1 | Engagement of Media Advisor on contract in contract in IEPF Authority | Click Here |
| 2 | Advertisement 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 |
| 3 | Dissolution Notice of various Companies (in liqn) issued by the OL Chandigarh | Click Here |
| 4 | Extension 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 |
| 7 | ROC Annual Filing: Quick Referencer for All Companies | Click Here |
| 8 | Relaxation 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 |
| 9 | Extension 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 |
| 10 | Relaxations 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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