CBDT notifed Income Tax Return forms of FY 2020-21

CBDT notifed Income Tax Return forms of FY 2020-21

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GST CALENDAR FOR THE MONTH OF JUNE 2020

Type of compliance Extended due date Notification/ Circular Remarks
Filing of Tran-1 30-06-2020 43/2020- Central Tax dt 16th May, 2020 To give the effect of the verdict passed by Hon’ble Delhi High court in the case of Brand Equity Treaties Ltd v/s Union of India.
IRP/RP should take registration in each of the states/UTs where the corporate debtor was registered earlier within 30 days of being appointed as IRP/RP or by 30.06.2020, whichever is earlier 39/2020 – Central Tax dt 05th May, 2020 Generally, the IRP has to obtain fresh GST registration for the entity under CIRP within 30 days of his appointment, and they are facing difficulty in obtaining registration during the period of the lockdown.
Filing of form 3B for the month of May,2020 for the taxpayers having an aggregate turnover of more than Rs. 5cr 27.06.2020 36/2020 – Central Tax dt 3rd April, 2020 One of the relief measure provided because of corona outbreak.
Time limit of any compliance falling during the period from 20.03.2020 to 29.06.2020 30.06.2020 35/2020 – Central Tax dt 3 rd April, 2020 The said notification is not applicable on compliance of (a)Chapter IV; (b) sub-section (3) of section 10, sections 25, 27, 31, 37, 47, 50, 69, 90, 122, 129; (c) section 39, except sub-section (3), (4) and (5)
Filing of GSTR-1 the month of March, April and May,2020 and for the Qtr ending 31st March, 2020 30.06.2020 33/2020 – Central Tax dt 3 rd April, 2020 No late fee will be levied
Filing of form 3B for the month of Feb, March and April,2020 for the taxpayers having an aggregate turnover of more than Rs. 5cr 24.06.2020 31/2020 – Central Tax dt 3 rd April, 2020; 32/2020 – Central Tax dt 3 rd April, 2020 Interest will be charged @9% if payment is made after 15 days from the original due date. Also the late fee stands waived if the return is filed by the extended due date.
Filing of form 3B for the month of Feb & March,2020 for the taxpayers having an aggregate turnover of more than 1.5cr but less than Rs. 5cr 29.06.2020 31/2020 – Central Tax dt 3 rd April, 2020; 32/2020 – Central Tax dt 3 rd April, 2020 No interest and late fee will be charged if the return is filed by the extended due date.
Filing of form 3B for the month of April,2020 for the taxpayers having an aggregate turnover of more than 1.5cr but less than Rs. 5cr 30.06.2020 31/2020 – Central Tax dt 3 rd April, 2020; 32/2020 – Central Tax dt 3 rd April, 2020 No interest and late fee will be charged if the return is filed by the extended due date.
Filing of form 3B for the month of Feb,2020 for the taxpayers having an aggregate turnover of less than 1.5 30.06.2020 31/2020 – Central Tax dt 3 rd April, 2020; 32/2020 – Central Tax dt 3 rd April, 2020 No interest and late fee will be charged if the return is filed by the extended due date.
Filing of form ITC-04 for the Qtr Jan – March 2020 30.06.2020 N/N: 35/2020 – Central Tax dt 3 rd April, 2020 Circular No: 138/08/2020 dt 06.05.2020 The form ITC-04 is to be filed by the principal manufacturer every quarter, to submit the details of goods sent to or received from his job workers.
The merchant exporter can export goods if the period of 90 days falls within 20.03.2020 to 29.06.2020 30.06.2020 Circular No: 138/08/2020 dt 06.05.2020 The merchant exporter has to export the goods within 90 days from the date of a tax invoice by the registered supplier.
Time limit for filing LUT for FY 2020- 2021 30.06.2020 Circular No: 137/07/2020 dt 13.04.2020 Previously time limit for filing LUT for FY 2020-21 was 31.03.2020.
Filing of RFD-01 30.06.2020 Circular No: 137/07/2020 dt 13.04.2020 RFD-01 is filed for claiming the GST refund.
TDS for the period between 20.03.2020- 29.06.2020 in GSTR 7 30.06.2020 Circular No: 137/07/2020 dt 13.04.2020 No interest shall be charged if the TDS is deposited and Form GSTR-7 is filed on time.

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Functionality to Transfer ITC through Form ITC-02A enabled on GSTN Portal :

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What are Annual Returns to be filed for Company? Know Forms due dates in year 2020

Annual Returns to be filed by Company? Know Forms due dates in year 2020

All Companies registered under the Companies act is required to file two forms annually. The forms are Form no MGT 7 and Form no AOC 4. Annual return is to be filed by the companies irrespective of the turnover during the financial year. The annual return is to be filed with the Ministry of Corporate Affairs to maintain compliance and to avoid penalty. It is important to ensure that all the information filed in the form is correct as there is no provision for resubmission of Annual Return. The following are the due dates for filing of annual return:

Form no Due date
Form AOC 4 30th October of the next year
Form MGT 7 30th November of the next year

Annual returns to be filed by the Company:

Below are the annual returns the Company are required to file during the year:

Form MGT 7: Annual return:

Form MGT 7 is considered as the summary of the management affairs of the Company, like numbers of shareholders, directors etc. along with their names. The due date of form MGT 7 has to be filed by 30th November every year or within 60 days from the date of AGM.

The following are the information and documents required for filing form MGT 7:

  1. Enter Corporate Identification Number (CIN) of the company and click on prefill button the details of the company shall be filled.
  2. PAN of the Company.
  3. Enter the financial year of the company.
  4. Select whether the Annual General Meeting has been held, if yes then the due date of AGM.
  5. Select, whether any extension for AGM granted.
  6. Enter the business activities details of the company.
  7. Provide details of Holding, Subsidiary and Associate companies.
  8. Provide the Share Capital and Debenture details of the company.
  9. Provide the details of Turnover and net worth of the company.
  10. Provide the shareholding pattern of promoters and public.
  11. Provide the number of promoters, members and debenture holders of the company.
  12. Provide details of directors and Key Managerial Personnel.
  13. Provide the details of meetings of members/ class of members/ Board/ Committees of the Board of Directors.
  14. Provide the monetary details of directors and Key Managerial Personnel.
  15. Provide details of matters related to certification of Compliances and Disclosures.
  16. Provide details of Penalty and Punishment for the Year.
  17. Select, whether complete list of shareholders, debenture holders has been enclosed as an attachment.
  18. Select whether MGT 8 has been filed.
  19. Fill the declaration of the director

Documents to be attached:

Attach the following documents with MGT-7:

  1. List of Shareholders, Debenture holders
  2. Approval letter for extension of AGM
  3. Copy of MGT-8

Late fees for filing: In case the company files the annual return after the due date then a penalty of Rs. 100 per day is charged till the date of filing the return.

Form AOC 4: Form for filing financial statement and other documents with the Registrar:

Each and every company registered under the Companies act are required to provide the details of their books of accounts in place and provide all financial data with respect to the profit made, and other data with regards to business and such data is to be submitted by the Company in Form AOC 4 every year. Form AOC 4 must be attested by the signatures of the Director and should also be certified by a practicing-chartered accountant or a practicing company secretary or a practicing cost accountant. Form AOC 4 is to be filed by the Company by 30th October of the next financial year or within 30 days from the date of AGM.

following are the information and documents required for filing Form AOC 4:

  1. Enter Corporate Identification Number (CIN) of the company and click on prefill button the details of the company shall be filled.
  2. Enter the financial year of the company.
  3. Enter the Date of Board of directors’ meeting in which financial statements are approved
  4. Enter the Date of Board of directors’ meeting in which boards’ report referred under section 134 was approved
  5. Enter the Date of signing of reports on the financial statements by the auditors
  6. Select, whether annual general meeting (AGM) held, if yes then enter the Date of AGM
  7. Select, Whether the company is a subsidiary company as defined under clause (87) of section 2, if yes provide details of holding company
  8. Select, Whether the company has a subsidiary company as defined under clause (87) of section 2, if yes provide the details of subsidiary company
  9. Provide the details of Auditors
  10. Select whether Schedule III of the Companies Act 2013 is applicable, if yes than provide the type of industry from the drop down
  11. Select, whether consolidated financial statements required or not
  12. Select, whether company is maintaining books of account and other relevant books and papers in electronic form
  13. Provide details of long-term loans and advances
  14. Provide details of Balance sheet items as on financial year end date
  15. Provide details of Share capital raised during the reporting period
  16. Provide details of Profit and Loss items as on financial year end date
  17. Provide, details related to principal products or services of the company
  18. Provide details related to Segment III: Reporting of Corporate Social Responsibility
  19. Provide details related to Segment IV: Disclosure About Related Party Transactions
  20. Provide details related to Segment V: Auditor’s Report
  21. Fill the declaration of the director
  22. Fill the Certificate by Practising professional

Documents to be attached:

Attach the following documents with AOC-4:

  1. Copy of financial statements duly authenticated as per section 134(including Board’s report, auditors’ report and other documents)
  2. Company CSR policy as per s sub-section (4) of section 135
  3. Details of remaining CSR activities

Late fees for filing: In case the company files the annual return after the due date then a penalty of Rs. 100 per day is charged till the date of filing the return.

MCA form due dates for Companies and LLP for FY 2019-20 and to be filed in Year 2020

FORM PARTICULAR PROVISION DUE DATE
DIR-3 KYC KYC of Directors Pursuant to rule 12A of The Companies (Appointment and Qualification of Directors) Rules, 2014 30/09/2020
DPT-3 Return of deposits Pursuant to rule 16 of the Companies (Acceptance of Deposits) Rules, 2014. 30/09/2020
MME-1 Form for outstanding payments to MSME Pursuant to Order 2 and 3 dated 22 January,2019 issued under Section 405 of the Companies Act, 2013 31/10/2020
BEN-2 Return to the Registrar in respect of declaration under section 90 Pursuant to section 90(4) of The Companies Act, 2013 and rule 4 and rule 8 of the Companies (Significant Beneficial Owners) Rules, 2018. 30/09/2020
A0C-4 ( FOR FY- 2019 -20) Form for filing financial statement Pursuant to section 137 of the Companies Act, 2013 sub-rule (1) of Rule 12 of Companies (Accounts) Rules, 2014 29/10/2020 (AGM
30/09/2020)
AOC-4 CFS Form for filing consolidated financial statements and other Documents with the Registrar. Pursuant to section 137 of the Companies Act, 2013 and Rule 12 of the Companies (Accounts) Rules, 2014 29/10/2020 (AGM 30/09/2020)
A0C-4 XBRL (FOR FY- 2019-20) Form for filing XBRL of financial statement Pursuant to section 137 of the Companies Act, 2013 and rule 12(2) of the Companies (Accounts) Rules,2014 29/10/2020 (AGM 30/09/2020)
FORM MR-3 ( FOR FY- 2019-20) Submission of Secretarial Audit Report Section 204 of Companies Act, 2013 to be read with Rule 9 of The companies (Appointment and Remuneration Personnel) Rules, 2014. Submitted with
Board Report
as an
Attachment In
AOC-4 (XBRL).
MGT-7 Annual Return Pursuant to sub-Section (1) of section 92 of the Companies Act, 2013 and sub-rule (1) of rule 11 of the Companies (Management and Administration) Rules, 2014. 28/11/2020 (AGM 30/09/2020)
MGT-8 Certificate by Company Secretary in Practice Listed company or a company having paid up share capital of Ten Crore rupees or more or Turnover of Fifty Crore rupees or more Pursuant to section 92(2) of the Companies Act, 2013 and rule 11(2) of Companies (Management and Administration) Rules, 2014. Attachment of Form MGT-7
MGT-14 To Be Filed By Public Company After Passing Resolution Of Approval Of Financial Statements And Board Report In Board Meeting. Pursuant to section 11786 179 of the Companies Act, 2013. Within 30 Days from Passing Of Board
Resolution
ADT-1 (If Applicable) Notice to the Registrar for appointment of Auditor Pursuant to section 139 of the Companies Act, 2013 and Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014. 14/10/2020
CRA-2 Form of appointment of cost auditor by the company Pursuant to section 148(3) of Companies Act, 2013 and rule 6 (2) & 6 (3A) of the Companies (cost records and audit) Rules, 2014. Within a period of 30 days of the Board meeting or within 180
days of the commencement of the financial year, whichever is earlier.
CRA-4 Form for Cost Audit Report Pursuant to section 148(6) of Companies Act, 2013 and rule 6(6) of the Companies (cost records and audit) Rules, 2014 Within 30 Days
from Cost Audit Report
PA S-6 Form for Reconciliation of Share Capital Audit Report on half yearly basis. Pursuant to rule 9A (8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Within 60 days from the date deployment of form on MCA.
LLP-11 Annual Return of LLP Pursuant to rule 25(1) of Limited Liability Partnership Rules, 2009. 30/09/2020
LLP-8 Statement of Account & Solvency Pursuant to rule 24 of Limited Liability Partnership Rules, 2009. 30/10/2020

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