B J S And Associates

Due dates for various Tax compliances in the month of May-2020

Due dates for compliance under Goods & Service Tax (GST)

  • The last date of filing GSTR-3B for the period of March-20 is 05/05/2020 for the taxpayers having turnover above Rs.5 crore. After 05/05/2020, interest @9% p.a. will be levied and no late fees.
  • Further, for the taxpayers having turnover above 1.5 crores and up to Rs.5 crore, the last of filing GSTR-3B for March-20 is 29/06/2020 without any interest and late fees
  • Further, for the taxpayers having turnover up to Rs.1.5 crore, the last of filing GSTR-3B for March-20 is 30/06/2020 without any interest and late fees.
  • No late fee to be levied if GSTR-1 for March-2020, April 2020 & May-2020 is filed by 30th June 2020 for all the assessee.

Due dates for Compliance under Income tax 

  • 07-05-2020 – Due date for payment of Tax deducted by an assessee other than an office of the Government for the month of April 2020
  • 15-05-2020 – Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April 2020 has been paid without the production of a Challan
  • 15-05-2020- ​Quarterly return of TCS to be filed for the quarter ending March 31, 2020
    • However, it could be filed on or before 30.06.2020 without any late fee.
  • 30-06-2020- Due date for Quarterly filing of TDS return for the quarter ending March 31, 2020
  • 15-05-2020- Due date for issue of TDS Certificate for tax deducted u/s 194-IA (TDS on Immovable   property) in m/o March 2020
  • 15-05-2020- Due date for issue of TDS Certificate for tax deducted under section 194-IB (TDS on Certain Rent payment) in m/o March 2020
  • 15-05- 2020 –Due date for issue of TDS Certificate for tax deducted under section 194M in the month of March 2020
  • 30-05-2020- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of April 2020
  • 30-05-2020- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of April 2020
  • 30-05-2020- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of April 2020
  • ​31-05-2020- Application for allotment of PAN in case of a non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2019-20 and hasn’t been allotted any PAN*
  • ​31-05-2020- Application for allotment of PAN in case of a person being the managing director, director, partner, trustee, author, founder, Karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN*

C. Due dates for Compliances under ESI Act

  • 15-05-2020- ESIC Payment for m/o Feb & March 2020
  • 15-05-2020- PF Payment for m/o March 2020

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