Statutory due dates for – Tds, Tcs, Vat, Cst, Pf, Pt, Excise, Servicetax for year 2016-17

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Statutory due dates – Tds return, Tcs, Vat / Cst, Professional Tax, Service tax, various returns, PF, ESIC, Excise etc. We will make changes in post as government rules changed. 2016-17

ITR Form NameITR Form Description
ITR 1For Individuals having Income from Salary & Interest.
ITR 2For Individuals & HUFs not having Income from Business or Profession
ITR 3For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4For Individuals & HUFs having income from a proprietory business or profession
ITR 4S (SUGAM)For Individuals/HUF having income from presumptive business
ITR 5For firms, AOPs, BOIs and LLP
ITR 6For Companies other than companies claiming exemption under section


Applicable ChallanNATURE OF TAX PAYMENT
CHALLAN NO./ITNS 281(Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporates)
CHALLAN NO./ITNS 280ADVANCE TAX, SELF ASSESSMENT TAX, TAX ON DISTRIBUTED PROFITS, TAX ON REGULAR ASSESSMENT, SURTAX, TAX ON DISTRIBUTED INCOME
CHALLAN NO./ITNS 282
(payment of Security Transaction Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax /Other direct taxes & Gift tax)
CHALLAN NO./ITNS 283(payment of Banking Cash Transaction Tax and Fringe Benefits Tax)

DUE DATES INCOME TAX RETURN & Audit

ASSESSEDUE DATE
Audited30th Sept
Non Audited31th July
RevisedWithin 1 year from the end A.Y. or Completion of Assessment which ever is earlier (if return is filed on or before due date

INTEREST PENALTY U/S 234A,B,C

SECTIONSApplicablePeriodRate
201(1A)Failure to deduct TDSFrom Date of payment to date of deduct1% pm
201(1A)Failure to deposit tax in timeDate of deduction to Date of deposit1.5% pm
234AFor Late Filling of IT returnFrom due date to furnish IT return1%pm. & part thereof on Net tax liability
234BNon/Less payment of Advance taxFrom 1st April of AY to Date of payment1%pm. & part thereof on Net tax liability
234CDeferment of Advance taxFrom due date to due date of next installment (in last inst. Up to end of P.Y.)
1%pm. On installment payable
Installment Due dates of Advance tax
For Non CorporateFor Corporate
DUE DATESLABDUE DATESLAB
15th June15%
15th Sept.30%15th Sept.45%
15th Dec.60%15th Dec.75%
15th March100%15th March100%

LIMIT FOR SECTION 44AB TAX AUDIT

S.No.Financial yearLimit(Business)in lakhasProfessional (in lakhas)
12009-104010
22010-11, 2011-126015
32012-1310025

TDS PAYMENT DUE DATE

GOVT.Within 7 days from the end of month
NON GOVT.Within 7 days from the end of month
In case of March month upto 30th April

TDS RETURN DUE DATES

Salary paymentWith in 15 days from the end of quarter
Payment to Residence(Other than salary)Within 15 days from the end of each quarter
15th may in case of last quarter
Penalty for delay furnish TDS Return
Section 234E
from 1st July 2012Fees of Rs. 200 per day will be levied on the Deductor(not supposed to exceed the TDS deductibles)
1. Failure to submit e-TDS Statement on time
2. If you delay or forget to file your e-TDS Statement
Section 271HDeductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees
1. If Deductor exceeds one year time limit to File TDS Statement.
2. If Deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

FORM FOR TDS/TCS RETURN FILING

FORMFOR WHICH ISSUED
Form 24QQuarterly statement of deduction of tax in respect of Salary
Form 26QQuarterly statement of deduction of tax in respect of payments other than Salary
Form 27QQuarterly statement of deduction of tax in respect of payments other than Salary made to non-residents
Form 27EQQuarterly statement of Tax Collection at Source (TCS)
Form 27AForm for furnishing information with the statement of deduction / collection of tax at source filed on computer media for a given period
Form 27CIssued as per Rule 37C, this form is the declaration to be made by a buyer for obtaining goods without collection of tax

FORM FOR TDS CERTIFICATE

SECTIONFORMFOR WHICH ISSUED
203Form-16Certificate for tax deducted at source from income chargeable under the head “Salaries”.
203Form-16ACertificate for tax deducted at source in respect of income other than Salary.

VAT/CST RETURNS & VAT AUDIT

ParticularsTime For file
Quarterly & Monthly Return21th of the next month
Six Monthly Return30th of the next month
Revised ReturnWithin 8 month of the following financial year
Vat Audit Report U/s 6130th November
Revised Return after Vat Audit u/s 61Within 30 days
concession of additional 10 days are given for uploading e-return.However, this concession is available subject to the payment of the tax as per return is made on or before prescribed due date
Interest u/s 30(2)1.25%pm form the due date of payment to date of payment (calculation day wise)

PROFESSIONAL TAX PAYMENT & RETURNS DUE DATE

Tax LiabilityPeriodicityMonths of salary to be coveredDue Date
<50 data-blogger-escaped-in=”” data-blogger-escaped-p.y.=”” data-blogger-escaped-td=””>AnnualMarch of the P.Y. and April to February of the current year31st March
≥ 50,000/- in P.Y.MonthlySalary of previous monthEnd of the month for which return is filed
In case of first year of registrationMonthlySalary of previous monthEnd of the month for which return is filed
NOTE: PT return required in case of PTRC registration
Profession Tax Penalties– Delays in obtaining Enrollment , a penalty of Rs. 2/per day and for Registration, a penalty of Rs. 5/- per day.
– Providing false information regarding enrollment – Penalty of 3 times of tax amount.
– Non-payment or late payment of profession tax – Penalty is equal to 10% of the amount of tax to be imposed.
– Late filing of Returns – Penalty of Rs. 300 per return.
Payment due date Up to 30th june with in financial year

SERVICE TAX PAYMENT DUE DATE

ParticularsFrequencyDue Date
Paid physicallyOnline
Individual/Partnership & Proprietary firmQuarterly5th of the following quarter6th of the following quarter
OthersMonthly5th of the following Month6th of the following quarter
However, in case of end quarter/March, the payment should be made by 31st March
Interest on late payment of ST is 18%pa from the due date to date of payment. benefit of 3% is provided where turnover of any Assessee is upto Rs.60 Lakhs, i.e. 15% pa

SERVICE TAX RETURN DUE DATE

For the Half YearTo be Filed by
1st April to 30th September25th October
1st October to March25th April
Due Date for Return filing for Input Service Distributor (ISD)
1st April to 30th September30th October
1st October to March30th April
Penalty for delay file ST return: Upto 15 days from Due Date – 500
Upto 30 days from Due Date – 1000
After 30 days (1000+100 per day) – Maximum penalty Rs. 20000/-
We can revise ST return with in 90 days from date of filling the return

FORMS UNDER SERVICE TAX

FORMLIABILITYTIME PERIODWHEN & BY WHOM
ST-1Service tax RegistrationWithin 30 days from the date of
starting of business or reaching Rs.9 Lacs taxable T/O or commandments of new levy
At the time of starting business
ST-2ST Registration certificateWith in 7 days from the date of applicationTo be given by Service tax dept.
ST-3ST ReturnWith in 25 days after complete half yearHalf yearly
ST-4Appeal to commissioner of central Excise (Appleals)With in 3 from the date of receipt orderAssessee
ST-5Appleals to CESTATWith in 3 from the date of receipt orderAssessee
ST-6Cross ObjectionsWith in 45days from the date of orderAssessee/Department
ST-7Appleals to CESTATWith in 3 fro the date of receipt orderBoard
GAR-7 CHALLANPayment service TaxWith in 5/6 days from the end of month & quarterAssessee

Payment Due Date for PT, ESIC, PFProfessional Tax 15 of succeeding month + 5 days grace ESIC 16 of succeeding month + 5 days grace Provident Fund 15 of succeeding month + 5 days grace Service tax payable on the basis of Point of taxationRule Of Point of taxation: Which ever is earlier i) Date of invoice if invoice issue within 14 days from the completion of service OR Otherwise Date of completion of service ii) Date of payment receipt Point of Taxation Rules, 2011 shall not apply to

S.No.Name of ServicesSub Clouse
1Architect ServicesP
2Interior Decorator ServicesQ
3Chartered Accountant ServicesS
4Cost Accountant ServicesT
5Company Secretary ServicesU
6Scientific and Technical Consultancy ServicesZa
7Legal Consultancy ServicesZzzzm

“output service” means any taxable service rendered by the service provider to a customer, client, subscriber, policy holder or any other person, as the case may be; “input service” means any taxable service received and consumed by a service provider in relation to rendering of output service; Service tax credit.- (1) An output service provider shall be allowed to take credit (herein referred to as service tax credit) of the service tax paid on such input services, which fall in the same category of taxable service as that of output service, for which invoice/bill is issued on or after sixteenth day of August 2002. Though Service Tax and Central Excise Department continue to slap notices for denial of CENVAT credit of service tax paid on services used in business; the credit is undoubtedly admissible. Rule 2 (l) of CENVAT Credit Rules 2004 as amended defines “input service” as under: “input service” means any service,- (i) used by a provider of taxable service for providing an output service; or (ii) used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products, upto the place of removal, and includes services used in relation to setting up, modernization, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, activities relating to business, such as accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, and security, inward transportation of inputs or capital goods and outward transportation upto the place of removal;” Thus input service includes services used in activities relating to business. Though some examples have been given in the above said definition by specifying some of the activities “such as accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, and security” ; the said specified activities do merely denote some activities related to business which is only illustrative and not exhaustive and the scope and definition of the terms “in relation to” and “as such” is very wide and connotes all the activities related to business.