Prateek Sahu & Associates

04/10/2019

THIS ARTICLE IS RELATED TO COMPLIANCE IN THE MONTH OF OCTOBER 2019 RELATED TO GST, INCOME TAX, COMPANIES, PF, ESI ETC. OCTOBER 2019 IS MOST IMPORTANT DUE TO FESTIVAL SEASON IN BETWEEN. SO YOU HAVE TO SCHEDULE YOUR DATES ACCORDINGLY. BELOW ARE DATE WISE COMPLIANCE LIST:

07 October 2019: Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of Sep 19. However, all sum deducted by an office of government shall be paid to credit of Central Government on same day where tax is paid without production of an Income-tax Challan

10 October 2019: Due date for filing GSTR-8 (to be filed by the by the e-commerce operators required to deduct TDS under GST for the m/o Sep 2019.

10 October 2019: Due date for filing GSTR-7 (to be filed by the by the to be filed by the person who is required to deduct TDS under GST for the m/o Sep 2019.

11 October 2019- Due date for filing GSTR-1 for m/o Sep 19 for Taxpayers opted to file monthly GSTR 1 or having turnover more than 1.5 crores

13 October 2019 :Due date for filing GSTR-6 (to be filed by Input Service Distributor for m/o Sep 19.

15 October 2019: – Due date for issue of TDS Certificate for tax deducted u/s 194-IA/194IB (TDS on Immovable property/TDS on Rent payments) in m/o Aug 19

15 October 2019: Quarterly statement of TCS deposited for the quarter ending September 30​

15 October 2019: PF/ESI payment

18 October 2019: Due date for filing CMP 08 (to be filed by Composite Dealers) for July 19 to September 19

20 October 2019: GSTR-3B for the m/o Sep 19. Pay GST with this and This is last date to reconcile and correct errors for the FY 2018-19

20 October 2019: Due date for filing GSTR-5 & 5A (to be filed by the Non-Resident taxable person & OIDAR for the m/o Sep 19.

25 October 2019: – PF Return filling for Sep 19

30 October 2019: Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194IA/194IB in month of Sep 19

30 October 2019: Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2019

31 October 2019

31 October 2019- Due date for filing GSTR-1 for July 2019 to September 2019 Taxpayers having Annual Aggregate turnover UPTO Rs. 1.50/- Crore (Rs. One Crore Fifty Lacs) only.

31 October 2019– Annual return of income for the Financial Year 2018-19 (Assessment year 2019-20) for following assessee

(a) corporate-assessee or

(b) non-corporate assessee (whose books of account are required to be audited) or

(c) working partner of a firm whose accounts are required to be audited

31 October 2019– Audit report under section 44AB for the assessment year 2019-20

in the case of a corporate-assessee

or non-corporate assessee (who is required to submit return of income on Oct 31st, 2019).

31 October 2019-Quarterly statement of TDS deposited for the quarter ending September 30, 2019

21/09/2019

*GST Council Meeting Outcome-*

1. Hotel Tariffs Rs. 7,500 and above GST at 18%.

2. Hotel Tariffs Rs. 1,000 upto 7,500 GST at 12%.

3. Hotel Tariffs below Rs. 1,000 GST at Nil rate.

4. Outside Catering GST rate reduced at 5%.

5. Diamond Job-work GST rate reduced at 1.5% and Other Job-work GST rate reduced to 12% from 18%.

6. Council amended rules regarding Refund by Appellate Authority.

7. Council amended rules regarding GST Practitioners and Consumer Welfare Fund.

8. Cups/Plates made from Flowers leaves GST rate Nil from 5%.

9. GST Annual Returns GSTR-9, 9A Optional for those with turnover upto 2cr for FY 17-18 & 18-19.

10. Those with turnover above 2cr to still file GSTR9.

11. No relief in case of GSTR-9C as it’s applicable only where turnover exceeds 2cr.

12. GSTR-9 also to be made “Saral”.

20/09/2019

20/09/2019

GST Council Important Decision

1. GST Annual Returns GSTR-9, 9A Optional for those with turnover upto 2cr for FY 17-18 & 18-19.
2. Those with turnover above 2cr to still file GSTR9.
3. No relief in case of GSTR-9C as it’s applicable only where turnover exceeds 2cr.
4. GSTR-9 also to be made “Saral”.

07/08/2019

Taxpayers whose bank accounts are not linked with PAN cards are likely to face trouble in getting income tax refunds.Linking your bank account with PAN is quite simple

25/07/2019

Income tax return last date: Income tax assessees - who were originally required to file their income tax returns by July 31 - will be required to file their ITRs by August 31, according to an official statement. A belated income tax return attracts a "late filing fee" under Section 234F of the Inco...