Compliance Calendar For The Month of March 2021

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Being the last month for the financial year, March is a significant month from the point of view of the tax compliance and other statutory due dates for ROC filing, GST return filings and Income tax filing falling in the month of March 2021. Tax Compliance and Statutory Compliance calendar is helpful for every registered business and professional to be ready for compliance well in advance.

Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for GST due dates of March 2021, Compliance Calendar for Income Tax Return due dates for the month of March, 2021 and ROC Compliance Calendar for the month of March, 2021.

Due Dates are crucial for each and every taxpayer including businesses in India for the purpose of filing the GST returns, IT returns and mandatory ROC forms under the respective laws to avoid paying any interest or late fee.

Important due dates for the GST Returns in the Month of March 2021
Due dateForm to be filedPeriodWho should file?
10.03.2021GSTR 7February 2021GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST
10.03.2021GSTR 8February 2021GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST.
11.03.2021GSTR 1February 2021Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return
13.03.2021GSTR 6February 2021Input Service Distributors
20.03.2021GSTR 5 & 5AFebruary 2021Non-Resident Taxpayers and ODIAR services provider
20.03.2021GSTR 3BFebruary 2021The due date for GSTR-3B having an Annual Turnover of more than 5 Crores
31.03.2021CMP-08October to December 2020Due date for opting for composition scheme for the year 2021-22
Important due dates for the Income Tax Compliance / PF / ESI in the Month of January 2021
07.03.2021Challan No. ITNS-281February 2021Payment of TDS/TCS deducted /collected in February 2021.
15.01.2021TCS ReturnQuarterlyAdvance Tax payment for the quarter of Jan to March 2021
15.03.2021Electronic Challan cum Return (ECR) (PF)February 2021E-payment of Provident Fund
15.03.2021ESI ChallanFebruary 2021ESI payment
31.03.2021Form 26QQuarterlyExtended due date to file TDS return for AY 2020-21(Extended due date)
31.03.2021Form- 1 to 7FY 2019-20Filing ITR for AY 2020-2021 with penalty for both audit and non audit cases.
31.03.2021 – –Payment of Tax under Vivad se Vishwas act, 2020
31.03.2021 Form 1 to 7FY 2019-20Last date to revise ITR for the financial year 2019-20
31.03.2021 – –Last date to link Aadhar with PAN

The Month of March 2021 is full of statutory 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.