Statutory Compliance Chart – October 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
OCTOBER 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR SEP 2015 GAR – 7
EXCISE: E-PAYMENT OF EXCISE DUTY FOR QUARTER ENDING SEP 2015 BY SSIs
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR SEP 2015 BY CORPORATES
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR QUARTER ENDING SEP 2015 BY NON-CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING SEP 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR SEP 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR SEP 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR SEP 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
EXCISE: QUARTERLY RETURNS OF PRODUCTIONAND REMOVAL OF GOODS BY SSIs FOR QUARTER ENDING SEP 2015 ER 3
EXCISE: QUARTERLY RETURNS OF ASSESSEES PAYING 1% OR 2% EXCISE AND NOT MANUFACTURING ANY OTHER GOODS FOR QUARTER ENDING SEP 2015 ER 8
15 INCOME TAX: QUARTERLY STATEMENT OF TDS FROM INTEREST, DIVIDEND OR ANY OTHER SUM PAYABLE TO NON-RESIDENT FOR QUARTER ENDING SEP 2015 27Q
INCOME TAX: QUARTERLY STATEMNET OF TDS IF DEDUCTOR IS A PERSON OTHER THAN OFFICE OF THE GOVERNMENT FOR QUARTER ENDING SEP 2015 24Q/26Q
INCOME TAX: QUARTERLY STATEMENT OF TCS FOR QUARTER ENDING SEP 2015 27EQ
EXCISE: QUARTERLY RETURN OF CENVAT BY FIRST STAGE AND SECOND STAGE DEALERS FOR QUARTER ENDING SEP 2015 ER 3
EPF: PAYMENT OF EPF CONTRIBUTION FOR SEP 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR SEP 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN SEP 2015 5/10
PT: PAYMENT OF PROFESSIONAL TAX FOR THE HALF YEAR ENDING APR TO SEP 2015 1
20 EXCISE: QUARTERLY RETURN OF PRODUCTION, REMOVAL AND CENVAT BY SPECIFIED MANUFACTURERS OF YARNS AND READY MADE GARMENTS FOR QUARTER ENDING SEP 2015 ER 3
CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING SEP 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR SEP 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING SEP 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
25 SERVICE TAX: HALF YEARLY RETURN FOR THE PERIOD ENDING 30TH SEP 2015 ST 3
SERVICE TAX: HALF YEARLY RETURN FOR MEMORANDUM OF PROVISIONAL DEPOSITS-PROVISIONAL ASSESSMENT CASES ST3A
30 INCOME TAX: ISSUE OF TDS CERTIFICATE IF DEDUCTOR IS A PERSON OTHER THAN OFFICE OF GOVERNMENT FOR TDS MADE FOR QUARTER ENDING SEP 2015 EXCEPT ON SALARIES 16A
COMPANIES ACT: FILING COMPLIANCE CERTIFICATE FOR COMPANIES WHOSE PAID UP CAPITAL>=10 LAKHS(AGM CONDUCTED ON 30TH SEPTEMBER 2015) 66
COMPANIES ACT: FILING OF BOOKS-BALANCE SHEET AND PROFIT AND LOSS ACCOUNT FOR THE FY. 2014-15 (AGM CONDUCTED ON 30TH SEPTEMBER 2015) 23AC & 23ACA
31 INCOME TAX: QUARTERLY RETURN OF NON-DEDUCTION OF TAX AT SOURCE U/S 206A BY BANKING COMPANY FOR QUARTER ENDING SEP 2015 26QAA
INCOME TAX: QUARTERLY STATEMENT OF TDS IF THE DEDUCTOR IS AN OFFICE OF GOVERNMENT FOR THE QUARTER ENDING SEP 2015 24Q/26Q/27Q
INCOME TAX: FORWARDING OF COPIES OF DECLARATION IN FORM 60/61 (NOT BEING RECEIVED AT THE TIME OF OPENING BANK ACCOUNT) RECEIVED BETWEEN 1ST APR AND 30TH SEP TO DIT AND CIT COPY OF 60/61
DUE DATE FOR FILLING TAR U/S 44AB AND RETURN OF INCOME DUE FOR FILLING ON 30TH SEPTEMBER EXTENDED TO 31 OCTOBER ITR 3/4/5/6/7

Statutory Compliance Chart – September 2015

DATE COMPLIANCE REQUIRED
(Dates circled are due dates)
FORM NO. / CHALLAN NO.
SEPTEMBER 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR AUG 2015 GAR – 7
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR AUG 2015 BY CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING AUG 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR AUG 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR AUG 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR AUG 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
15 EPF: PAYMENT OF EPF CONTRIBUTION FOR AUG 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR AUG 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN AUG 2015 5/10
INCOME TAX: DUE DATE FOR PAYMENT OF FIRST INSTALMENT OF ADVANCE INOCME TAX FOR NON-CORPORATE ASSESSEES AND SECOND INSTALMENT FOR CORPORATE ASSESSEES FOR FY.2015-16 280
INCOME TAX: STATEMENT IN RESPECT OF INCOME DISTRIBUTION BY UTI/MUTUAL FUNDS TO UNIT HOLDERS FOR THE FY. 2014-15 63/63 A
21 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING AUGUST 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR AUGUST 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING AUGUST 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
INCOME TAX:  DUE DATE FOR ISSUE OF TDS CERTIFICATE FOR TAX DEDUCTED U/S 194 – I A IN THE MONTH OF AUGUST,2015
FORM 16 B
30 INCOME TAX: LAST DATE FOR RETURN OF INCOME/WEALTH FOR THE PY.2014-15 IN CASE OF AN ASSESSEE (WHOSE BOOKS OF ACCOUNTS ARE REQUIRED TO BE AUDITED) AND WORKING PARTNER OF A FIRM WHOSE ACCOUNTS ARE REQUIRED TO BE AUDITED ITR 3/4/5/6/7/8 WT: BA/BB
INCOME TAX: AUDIT REPORT U/S 44AB FOR THE PY.2014-15 IN CASE OF CORPORATE ASSESSEES OR NON CORPORATE ASSESSEE 3CA/3CB & 3CD

Statutory Compliance Chart – August 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
AUGUST 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR JULY 2015 GAR – 7
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR JULY 2015 BY CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING JULY 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR JULY 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR JULY 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR JULY 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
15 INCOME TAX: ISSUE OF TDS CERTIFICATE IF DEDUCTOR IS OFFICE OF GOVERNMENT FOR TDS MADE FOR QUARTER ENDING JUNE 2015 EXCEPT ON SALARIES 16A
17 EPF: PAYMENT OF EPF CONTRIBUTION FOR JULY 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR JULY 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN JULY 2015 5/10
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JULY 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR JULY 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JULY 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
31 INCOME TAX: ANNUAL INFORMATION RETURN 61A
INCOME TAX: LAST DATE FOR RETURN OF INCOME/WEALTH FOR THE PY. 2014-15 FOR NON CORPORATE ASSESSEES WHOSE ACCOUNTS ARE NOT SUBJECT TO AUDIT UNDER THE INCOME TAX ACT (Due date extended to 31/08/2015 F.NO.225/154/2015/ITA.II DT. 10.06.2015) ITR 1/2/3/4/5/7/8 WT:BA/BB

Statutory Compliance Chart – July 2015

DATE

COMPLIANCE REQUIRED

FORM NO. / CHALLAN NO.
JULY 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR JUNE 2015 GAR – 7
EXCISE: E-PAYMENT OF EXCISE DUTY FOR QUARTER ENDING JUNE 2015 BY SSIs
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR JUNE 2015 BY CORPORATES
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR QUARTER ENDING JUNE 2015 BY NON-CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING JUNE 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR JUNE 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR JUNE 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR JUNE 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
EXCISE: QUARTERLY RETURNS OF ASSESSEES PAYING 1% OR 2% EXCISE AND NOT MANUFACTURING ANY OTHER GOODS FOR QUARTER ENDING JUNE 2015 ER 8
15 EPF: PAYMENT OF EPF CONTRIBUTION FOR JUNE 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR JUNE 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN JUNE 2015 5/10
EXCISE: QUARTERLY RETURN OF CENVAT BY FIRST STAGE AND SECOND STAGE DEALERS FOR QUARTER ENDING JUNE 2015 ER 3
INCOME TAX: QUARTERLY STATEMENT OF TDS IF THE DEDUCTOR IS A PERSON OTHER THAN OFFICE OF GOVERNMENT FOR QUARTER ENDING JUNE 2015 24Q/26Q
INCOME TAX: STATEMENT OF TDS FROM INTEREST, DIVIDEND OR ANY OTHER SUM PAYABLE TO NON-RESIDENT FOR QUARTER ENDING JUNE 2015 27Q
INCOME TAX: QUARTERLY STATEMENT OF TCS FOR QUARTER ENDING JUNE 2015 27EQ
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JUNE 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
EXCISE: QUARTERLY RETURN OF PRODUCTION, REMOVAL AND CENVAT BY SPECIFIED MANUFACTURERS OF YARNS AND READY MADE GARMENTS FOR QUARTER ENDING JUNE 2015 ER 3
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR JUNE 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JUNE 2015 THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
30 INCOME TAX: ISSUE OF TDS CERTIFICATE IF DEDUCTOR IS A PERSON OTHER THAN OFFICE OF GOVERNMENT FOR TDS MADE FOR QUARTER ENDING JUNE 2015 EXCEPT ON SALARIES 16A
31 INCOME TAX: QUARTERLY RETURN OF NON-DEDUCTION OF TAX AT SOURCE U/S 206A BY BANKING COMPANY FOR QUARTER ENDING JUNE 2015 26QAA
INCOME TAX: QUARTERLY STATEMENT OF TDS IF THE DEDUCTOR IS AN OFFICE OF GOVERNMENT FOR QUARTER ENDING JUNE 2015 24Q/26Q/27Q

 

Statutory Compliance Chart – June 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
JUNE 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR MAY 2015 GAR – 7
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR MAY 2015 BY CORPORATES
8 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING MAY 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR MAY 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR MAY 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR MAY 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
15 INCOME TAX: DUE DATE FOR PAYMENT OF FIRST INSTALMENT OF ADVANCE INCOME TAX FOR CORPORATE ASSESSEES FOR FY 2015-16 280
EPF: PAYMENT OF EPF CONTRIBUTION FOR MAY 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR MAY 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN MAY 2015 5/10
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING MAY 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR MAY 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING MAY 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
30 COMPANIES ACT: APPLICATION TO CENTRAL GOVERNMENT FOR APPOINTMENT OF COST AUDITOR 23 C
INCOME TAX: RETURN FOR SECURITIES TRANSACTION TAX 1/2
INCOME TAX: SUBMISSION OF PARTICULARS ABOUT SMALL GOODS CARRIAGE OPERATORS AND SUB – CONTRACTORS U/S 194C(3)(i) 15 I / 15 J
INCOME TAX: QUARTERLY RETURN OF NON-DEDUCTION OF TAX AT SOURCE U/S 206A FOR QUARTER ENDING MARCH 2015 BY BANKING COMPANY 26QAA

Statutory Compliance Chart – May 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
MAY 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR APR 2015 GAR – 7
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR APR 2015 BY CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING APR 2015 281
11 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR APR 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR APR 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR APR 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
12 ESI: HALF YEARLY RETURN OF ESI CONTRIBUTION FOR THE HALF YEAR ENDING 31ST MAR 2015 6 A
15 EPF: PAYMENT OF EPF CONTRIBUTION FOR APR 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR APR 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN APR 2015 5/10
INCOME TAX: QUARTERLY RETURNS FOR TDS MADE FOR QUARTER ENDING MAR 2015 24Q/26Q
INCOME TAX: QUARTERLY RETURNS FOR TCS MADE FOR QUARTER ENDING MAR 2015 27EQ
INCOME TAX: STATEMENT OF TDS FROM INTEREST, DIVIDEND OR ANY OTHER SUM PAYABLE  TO NON-RESIDENTS FOR QUARTER ENDING MAR 2015 27Q
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING APR 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR APR 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING APR 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
30 INCOME TAX: ISSUE OF TDS CERTIFICATE FOR TDS MADE FOR QUARTER ENDING MAR 2015 EXCEPT ON SALARIES 16A
31 INCOME TAX: ISSUE OF TDS CERTIFICATE FOR DEDUCTIONS FROM SALARY FOR THE FY 2014-15 16
INCOME TAX: RETURN OF TDS FROM CONTRIBUTIONS PAID BY THE TRUSTEES OF AN APPROVED SUPERANNUATION FUND 22
INCOME TAX: APPLICATION FOR ALLOTMENT OF PERMANENT ACCOUNT NUMBER – PAN, IF THE TOTAL INCOME DURING PRIOR PREVIOUS YEAR EXCEEDS THE MAXIMUM AMOUNT NOT CHARGEABLE TO TAX 49A

Statutory Compliance Chart – April 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
APRIL 2015
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR MAR 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR MAR 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR MAR 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2014-15 BY PLA/CENVAT/BOTH ER 6
EXCISE: QUARTERLY RETURNS OF PRODUCTION AND REMOVAL OF GOODS BY SSIs FOR THE QUARTER ENDING MAR 2015 ER 3
EXCISE: QUARTERLY RETURNS OF ASSESSEES PAYING 1% OR 2% EXCISE AND NOT MANUFACTURING ANY OTHER GOODS FOR QUARTER ENDING MAR 2015 ER 8
15 EXCISE: QUARTERLY RETURN OF CENVAT BY FIRST STAGE AND SECOND STAGE DEALERS FOR QUARTER ENDING MAR 2015 ER 3
EPF: PAYMENT OF EPF CONTRIBUTION FOR MAR 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR MAR 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN MAR 2015 5/10
PT: PAYMENT OF PROFESSIONAL TAX FOR HALF YEAR ENDING OCT 2014 TO MAR 2015 1
20 EXCISE: QUARTERLY RETURN OF PRODUCTION, REMOVAL AND CENVAT BY SPECIFIED MANUFACTURERS OF YARNS AND READY MADE GARMENTS FOR QUARTER ENDING MAR 2015 ER 3
CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING MAR 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR MAR 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING MAR 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
25 SERVICE TAX: HALF YEARLY RETURN FOR THE HALF YEAR ENDING 31ST MARCH 2015 ST 3
SERVICE TAX: MEMORANDUM OF PROVISIONAL DEPOSITS – PROVISIONAL ASSESSMENT CASES HALF YEARLY RETURNS ST 3A
30 INCOME TAX: PAYMENT OF TDS ON CREDITS GIVEN DURING MAR 2015 281
EXCISE: ANNUAL DECLARATION ON PRINCIPAL INPUTS BY ASSESSEES WHO IN FY 2014-15 PAID>=RS. 1 CRORE AS PLA/CENVAT/BOTH ER 5
EXCISE: ANNUAL INSTALLED CAPACITY STATEMENT BY ALL ASSESSEES ER 7
EPF: ANNUAL RETURNS SHOWING MONTHWISE RECOVERIES FROM MEMBERS  3A
EPF: CONSOLIDATED ANNUAL CONTRIBUTION STATEMENT 6A
INCOME TAX: FORWARDING OF COPIES OF DECLARATION IN FORM 60/61 (NOT BEING RECEIVED AT THE TIME OF OPENING A BANK ACCOUNT) RECEIVED BETWEEN 1ST OCT AND 31ST MAR TO DIT AND CIT COPY OF 60/61

Statutory Compliance Chart – March 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
MARCH 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR FEB 2015 GAR – 7
SERVICE TAX:  E-PAYMENT OF SERVICE TAX FOR FEB 2015 BY CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING FEB 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR FEB 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR FEB 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR FEB 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2013-14 BY PLA/CENVAT/BOTH ER 6
15 EPF: PAYMENT OF EPF CONTRIBUTION FOR FEB 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR FEB 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN FEB 2015 5/10
INCOME TAX: DUE DATE FOR THIRD INSTALMENT ( IN THE CASE OF NON CORPORATE ASSESSEES) OR FOURTH INSTALMENT (IN THE CASE OF CORPORATE ASSESSEES) FOR PAYMENT OF ADVANCE INCOME TAX FOR FY 2014-15 280
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING FEB 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR FEB 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING FEB 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
31 EXCISE: E-PAYMENT OF EXCISE DUTY FOR MARCH 2015 GAR – 7
EXCISE: E-PAYMENT OF EXCISE DUTY FOR QUARTER ENDING MARCH 2015 BY SSIs/REGISTERED DEALERS
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR MAR 2015 BY CORPORATES
SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR QUARTER ENDING MAR 2015 BY NON CORPORATES
INCOME TAX: LAST DATE FOR REVISION OF RETURN FOR THE FY 2012-13 ITR 1/2/3/4/5/6/7/8 WT:BA/BB
INCOME TAX: LAST DATE FOR FILING BELATED RETURN FOR THE FY 2012-13

Statutory Compliance Chart – February 2015

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
FEBRUARY 2015
6 EXCISE: E-PAYMENT OF EXCISE DUTY FOR JAN 2015 GAR – 7
SERVICE TAX:  E-PAYMENT OF SERVICE TAX FOR JAN 2015 BY CORPORATES
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING JAN 2015 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR JAN 2015 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR JAN 2015 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR JAN 2015 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2013-14 BY PLA/CENVAT/BOTH ER 6
15 INCOME TAX: ISSUE OF TDS CERTIFICATE IF DEDUCTOR IS OFFICE OF GOVERNMENT FOR TDS MADE FOR QUARTER ENDING DEC 2014 EXCEPT ON SALARIES 16A
16 EPF: PAYMENT OF EPF CONTRIBUTION FOR JAN 2015
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR JAN 2015 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN JAN 2015 5/10
20 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JAN 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR JAN 2015
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING JAN 2015 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I

GST and its impact on Dealers and Distributors companies

BRIEF ANALYSIS OF THE PROPOSED GST REGIME ON DISTRIBUTORS / TRADERS

Authors Note: With the onset of Goods and Service Tax Regime, it is pertinent for all the companies to revisit their supply chain mechanism to make their operations more effective and efficient. It is high time for the Chartered Accountants to have a look at their clients’ delivery channels to make them in consonance with the proposed regime, as such reorientation normally takes a substantial period to become operational.

This article aims to pass on a brief profile of the GST regime and its impact on distributors / dealers.

1.  Duties and Taxes which are replaced:

Central  Excise  Duty,  Additional  EDs,Service Tax, CVD and Special Additional Duty on imports, Surcharge and Cesses

Central GST (CGST)

1.CGST + SGST are pegged at 18% to 22%.2.No distinction between services and goods

3.CGST paid on inputs / input services can be set off CGST payable on output / output services.

4.Similar, SGST on inputs / input services can be set off against SGST on outputs /output services.

5.Cross  utilization  between  goods  and services is allowed.

6.Cross  utilization  between  SGST  and CGST is not possible.

VAT, Entry Tax (not in lieu of Octroi),Entertainment Tax, Luxury Tax, Taxes on lottery / gambling, states cesses / surcharge

State GST (SGST)

 

 

CST

Inter–State GST

1.IGST is also expected around 18% to 22%.2.It can be claimed as credit when the goods are sold in another state.

3.Earlier, CST used to be cost. Post GST regime, it becomes eligible for credit.

In case of imports, Basic Customs Duty on imports be levied in addition to CGST + SGST

2.  Impact of GST on the purchases:

 

State of Supplier Rate Creditable

Proposed GST Rate

Creditable
Outside Tamil Nadu CST 2% No IGST 18 to 22% Yes
Inside Tamil Nadu VAT 5% / 14.5% Yes SGST + CGST 18-22% Yes
Outside India Imports

BCD – No CVD+SAD Yes

BCD (present rate) + SGST + CGST 18-22% BCD – No Others – Yes
Inferences:

(a)   Based on the above table, it could be referred that in all purchases, the Company had to pay tax of around 18% to 22%. For Imports, there will be an additional levy of Basic Customs Duty.

(b)   However, there will be cost reduction to the extent of 2% CST due to IGST eligible for CENVAT credit.

(c)   All services and inputs are eligible for credit (except certain items to be listed by the government)

(d)   Hence, the company may have to shell out an additional 16% to 20% on its inter–state purchases, but it shall not affect the cash flows of the company because it is also going to collect the additional % from its suppliers. There could be a minor impact on cash flow during the initial months of implementation of the GST (depending upon the Company’s debtors credit period) till the existing stocks are cleared.

 

(e)   There is a press release in December 2014 which indicates the Government’s intention to continue CST at 1% for further 2 years (whereas powers are given in the Constitution Amendment Bill to levy CST for maximum 5 years). This could be a cost to the company.

3.  Impact of GST on the Sales:

Supplier Name

Proposed GST Rate

Creditable for buyers

Sales within the State

SGST + CGST 18% to 22%

Yes

Sales outside the State

IGST 18% to 22%

Yes

Exports

Zero rated

N.A.

(a)   From buyer’s perspective, they can claim credit of all GSTs (whether it is SGST / CGST / IGST).

(b)   Reversal of credit in relation to Stock transfers may be phased out in the new regime. But, given that the direct sale to the customers is better, there may not be much need for stock transfers, except for operational convenience.

4.     Location of Warehouses and GST regime:

 (a)   There is no need to have State-wise warehouses to avoid CST and to facilitate buyers to claim credit.

 (b)   Warehouses can be decided based on operational efficiency instead of tax savings.

(c)    Warehouses can be minimized based on the operational convenience of the company. This serves two purposes – (a) Reduction of establishment costs (b) Reduction of documentation and registration.

5.     Registration: In case of warehouses/marketing units in multiple states, each of them has to be registered under the respective state and returns have to be filed separately for each state (both CGST & IGST).

 6.     Documentation requirements:

 (a)   C Form and other forms may be phased out, reduction of multiple returns filed and documentation

(b)   Single Invoice for both CGST and SGST together.

(c)   Separate returns to be filed in common format for CGST and SGST for every place of registration.

The above information are based on the discussion paper on the Goods and Services Tax and existing practices in other countries.