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May 29, 2021
Compliance Calendar for the month of May 2021
The pandemic strikes even harder than the last year. The situation is getting worse everywhere but simultaneously it is important for the businesses to stay compliant with various compliance during the year. As far as statutory compliance and Tax compliance calendar is concerned, every month is significant. There are various tax and statutory compliance due dates relating to ROC filing, GST return filings and Income tax filing falls in the month of May 2021. However, in the month of May, apart from Tax and Statutory compliance, one has to keep an eye on LLP Annual Compliance as well, as the due date for filing Annual Statement in LLP form 11 falls in the month of May only. The due date for LLP form 11 for the financial year 2020-21 shall be 30th May 2021.
Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for GST due dates of May 2021 and Compliance Calendar for Income Tax Return due dates for the month of May, 2021.
Compliance Calendar for the Month of May 2021
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Table of Content Important due dates for the GST Returns in the Month of May 2021 |
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Due date |
Form to be filed |
Period |
Who should file? |
10.05.2021 |
GSTR 7 |
April 2021 |
GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST |
10.05.2021 |
GSTR 8 |
April 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 |
11.05.2021 |
GSTR 1 |
April 2021 |
Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return |
13.05.2021 |
GSTR 1 IFF (QRMP) |
April 2021 |
GST return for the taxpayers who opted for QRMP scheme (Optional) |
13.05.2021 |
GSTR 6 |
April 2021 |
Input Service Distributors |
20.05.2021 |
GSTR 5 & 5A |
April 2021 |
Non-Resident Taxpayers and ODIAR services provider |
20.05.2021 |
GSTR 3B |
April 2021 |
The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
25.05.2021 |
GST Challan |
For all Quarterly filers |
GST Challan Payment if no sufficient ITC for April (for all Quarterly Filers) |
Important due dates for the Income Tax Compliance / PF / ESI in the Month of May 2021 |
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07.05.2021 |
Challan No. ITNS-281 |
April 2021 |
Payment of TDS/TCS deducted /collected in April 2021. |
15.05.2021 |
TDS Certificate |
March 2021 |
Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of March, 2021 |
15.05.2021 |
TDS Certificate |
March 2021 |
Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of March, 2021 |
15.05.2021 |
TDS Certificate |
March 2021 |
Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of March, 2021 |
15.05.2021 |
Filing of TCS Statement |
Quarterly |
Quarterly statement of TCS deposited for the quarter ending March 31, 2021 |
15.05.2021 |
Electronic Challan cum Return (ECR) (PF) |
April 2021 |
E-payment of Provident Fund |
15.05.2021 |
ESI Challan |
April 2021 |
ESI payment |
15.05.2021 |
Form No. 3BB |
April 2021 |
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of April, 2021 |
30.05.2021 |
TDS Challan-cum-statement |
April 2021 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M |
30.05.2021 |
TCS Certificate |
4th quarter of FY 2020-21 |
Issue of TCS certificates for the 4th Quarter of the Financial Year 2020-21 |
31.05.2021 |
Form 24Q (TDS Return for Salary) |
January to March 2021 |
Statement for TDS from salaries |
31.05.2021 |
Form 26Q (Filing of TDS statement) |
Quarterly |
Quarterly statement of TDS deposited for the quarter ending March 31, 2021 |
Important due dates for the LLP Annual Filing in the Month of May 2021 |
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30.05.2021 |
LLP Form 11 |
FY 2020-21 |
LLP Annual Filing- An annual statement for submitting details of the business of the LLP and its partners for the FY 2020-21 |
The month of May 2021 is crucial for the due dates for various compliances under Goods and Service Act, Income Tax Act, Companies Act and LLP Act. Filing the above mentioned forms on or before the due dates will save the Taxpayers from hefty penalties.
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