Statutory, GST, Income Tax,PF, ESI and Company Law Compliance Calendar of August 2018
A. Due dates for Compliance under GST for August 2018
- 10-08-2018– Due date for filing GSTR-1 for the Month of July 2018 → Applicable for taxpayers with Annual Aggregate turnover Above Rs. 1.50/- Crore (Rs. One Crore Fifty Lacs) only.
- 20-08-2018- GSTR-3B for the Month of July 2018. Pay due Tax till this date.
- 20-08-2018 – Due date of GSTR-5 (filed by a Non-resident Taxable person) for the for the month of July 2018
- 20-08-2018 – Due date of GSTR-5A (filed by a Non-resident Taxable person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient) for the for the month of July 2018
B. Due dates for Compliance under Income tax for August 2018
- 31-08-2018 – Annual return of income for the assessment year 2018-19 for all assessee other than:-
- Corporate-assessee or
- Non-corporate assessee (whose books of account are required to be audited) or
- working partner of a firm whose accounts are required to be audited or
- An assessee who is required to furnish a report under section 92E.
Penalty would be imposed as below in case of delay in return filling:-
- Late Filing between 1st Sep & 31st December – Rs.5000
- Late Filing After 31st December – Rs.10,000
- Penalty if taxable income is less than Rs.5 Lakhs – Rs.1000
TDS and TCS
- 07-08-2018– Due date for deposit of tax deducted /collected at source for Month of July 2018
- 15-08-2018 – Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for June quarter
- 15-08-2018 – Due date for furnishing of Form 24G by an office of Government where TDS for m/o July 2018 has been paid without the production of a challan.
- 14-08-2018– Due date for issue of TDS Certificate for tax deducted under section 194-IA (TDS on Immovable property) in Month of June 2018
- 14-08-2018 – Due date for issue of TDS Certificate for tax deducted under section 194-IB (TDS on Certain Rent payment) in Month of June 2018
- 30-08-2018 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA(TDS on Immovable property) in Month of July 18.
- 30-08-2018 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB(TDS on Certain Rent payment) in Month of July 18.
C. Due dates for Compliances under ESI, PF Acts for August 2018
- 15-08-2018– PF Payment for Month of July 2018.
- 15-08-2018– ESIC Payment for Month of July 2018
- 25-08-2018 – PF Return filling for Month of 2018 (including pension and Insurance scheme forms)
D. Due dates for Compliances under Companies Act for August 2018
- 31-08-2018– Mandatory filing of DIR-3 KYC for all directors on or before 31st August 2018
- MCA would be conducting KYC of all Directors of all companies annually through a new e-form viz. DIR-3 KYC.
- Accordingly, every Director who has been allotted DIN on or before 31st March 2018. Also, whose DIN is in ‘Approved’ status. Would be mandatorily required to file form DIR-3 KYC on or before 31st August 2018.
- While filing the form, the Unique Personal Mobile Number and Personal Email ID would have to be duly verified by One Time Password (OTP).