Statutory, GST, Income Tax,PF, ESI and Company Law Compliance Calendar of August 2018

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).