Revised Compliance Due Dates and implications

Jun 09, 2020 | 5 min read |

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Compliances are critical part of the Indian Businesses. In India Compliances are complex, vast and never ending. From monthly to quarterly to annual, there are countless number of compliances a business entity has to take care in India.

As the Covid-19 has hit the entire business world, government has given relaxations in various due dates.

For the benefit of business world, we have summarized key due dates and their revised due dates.

VARIOUS COMPLIANCES DUE DATES & OTHER IMPLICATIONS AFTER COVID-19 PANDEMIC

Name of compliances	For the period/ FY/Months	Revised Due Date/ Other implications	Original Due Date/ Other implications
Income Tax Return	FY 2018-19 (AY 2019-20)	30^th June 2020	31^st March 2020
Income Tax Return – for Non-Auditable Assessee	FY 2019-20 (AY 2020-21)	30^th November 2020	31^st July 2020
Income Tax Return – for Auditable Assessee	FY 2019-20 (AY 2020-21)	30^th November 2020	31^st October 2020
Tax & Statutory Audit	FY 2019-20 (AY 2020-21)	31^st October 2020	30^thSeptember 2020
TDS & TCS Return of Qtr. IV	FY 2019-20 (AY 2020-21)	30^th June 2020	31^st May 2020
Due date for deposit of TDS/TCS	For the month of May 2020	7^th June 2020	7^thJune 2020
Online submission of form 15G/15H	FY 2020-21	30^th June 2020	30^thApril 2020
Linking PAN with Aadhar	N.A.	30^th June 2020	31^st Mar 2020
Issuance of Form 16/16A for the Qtr. IV	FY 2019-20 (AY 2020-21)	30^th June 2020	15^th June 2020
Making investments & payments for claiming deduction under Section 80C/80D/80G	FY 2019-20 (AY 2020-21)	30^th June 2020	31^st Mar 2020
Interest liability on payment) (All delayed payments of advance tax, self-assessment tax, TDS, TCS, equalization levy, STT, CTT)	Due between 20^th March 2020 to 30^th June 2020	20^th March 2020 to 30^th June 2020 will be charges at reduced interest rate i.e., 9% p.a instead of 12% or 18% p.a	Interest rate i.e., 12% or 18% p.a
GSTR - 3B Turnover in preceding FY < 1.5 crore	February 2020, March 2020, April 2020, May 2020	30^th June 2020, 3^rd July 2020, 6^th July 2020, 14^th July 2020	20^th March 2020, 20^thApril 2020, 20^th May 2020, 20^th June 2020
GSTR - 3B Turnover in preceding FY 1.5 crore to 5 crore	February 2020, March 2020, April 2020, May 2020	29^th June 2020, 29^th June 2020, 30^th June 2020, 14^th July 2020	20^th March 2020, 20^thApril 2020, 20^th May 2020, 20^th June 2020
GSTR - 3B Turnover in preceding FY > 5 crore	February 2020, March 2020, April 2020, May 2020	24^th June 2020, 24^th June 2020, 24^th June 2020, 27^th June 2020	20^th March 2020, 20^thApril 2020, 20^th May 2020, 20^th June 2020
GSTR – 1 Quarterly Turnover in preceding FY < 1.5 crore	January - March 2020, April - June 2020	30^th June 2020, 31^st July 2020	30^th April 2020, 31^st July 2020
GSTR - 1Monthly Turnover in preceding FY > 1.5 crore	March 2020, April 2020, May 2020	30^th June 2020, 30^th June 2020, 30^th June 2020	11^th April 2020, 11^th May 2020, 11^th June 2020
GSTR 9/9C Annual return	FY 2018-19	30^th September 2020	31^st Mar. 2020
GST ITC?04 Return –Quarterly (for March 2020)	FY 2019-20	30^th June 2020	25^th April 2020
Online filing LUT (GST RFD 11) for Exports & Supplies to SEZ without payment of tax	FY 2020-21	30^th June 2020	31^st March 2020
ROC Compliance – Additional Fees	For the period 1^st April 2020 to 30^th September 2020	No additional fee shall be charged for late filing during a moratorium period (01.04.2020 to 30.09.2020) in respect of any document, return, statement etc required to be filed in MCA system irrespective of its due date	MCA Due dates
Input GST credit - restriction rule of 10% with reference to GSTR2A Note: The said condition shall apply in FORM GSTR-3B for the tax period of September, 2020 and shall be furnished with cumulative adjustment of input tax credit for the said months in accordance with the 10% condition)	For the months of February, March, April, May, June, July and August 2020	20^th September 2020	FORM GSTR-3B – 20^th day of March, April, May, June, July, August and September 2020.
Submission of Annual Results to SEBI by Listed Entities	FY 2019-20	30^th June 2020	30^th May 2020
Vivad se Vishwas Scheme (Not liable to pay additional 10%. No interest and penalty will be applicable)	FY 2019-20	31^st December 2020	31^st March 2020
Form 61 (statement of Form 60 received), 61A (statement of financial transactions), or 61B (statement of reportable accounts)	FY 2019-20	30^th June 2020	31^st May 2020
Companies (Auditor’s Report) Order, 2020 [CARO-New]	FY 2019-20	1^st April 2021 (extended applicable date)	1^st April 2020 (applicable date)
Newly incorporated companies to file a declaration for commencement of business (Form INC-20A)	FY 2020-21	12 months after incorporation	6 months after incorporation

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Deepak Kumar Daga

Professional & Qualified Chartered Accountant with more than 9+ years Experience.
Expert in the field of Direct Tax & Indirect taxes Consultancy, Bank Audits, Statutory Audit, Tax Audit, Accounting, GST, Income Tax, Concurrent Audit, Valuation of Securities and Financial Assets.

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Revised Compliance Due Dates and implications

VARIOUS COMPLIANCES DUE DATES & OTHER IMPLICATIONS AFTER COVID-19 PANDEMIC

Deepak Kumar Daga

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