Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Friday, September 6, 2013

Compliance Calendar: September 2013

Date
Statutory Act
Applicable Form
Obligation
05/09/13
Service Tax
Challan No.GAR-7
Monthly payment of service tax for assessee other than individual, Proprietorship Firm. (6th Sep in case of e-payment)
Provision: Rule 6
05/09/13
Central Excise
Challan No.GAR-7
Monthly Payment of Central Excise Duties for August. (6th Sep in case of e-payment)
Provision: Rule 8(1)
07/09/13
Income Tax
Challan No.ITNS-281/17
Payment of TDS/TCS deducted/collected in August.
Provision: Rule 30(2) and Rule 37CA
07/09/13
Income Tax
Form No. 27C
Late Payment of submission of declaration i.e. for no TCS obtained from manufacturer to the IT commissioner.
Provision: Rule 37C
07/09/13
Income Tax
Form No.15G,15H, 27C
Submission of Forms received in August to IT Commissioner.
Provision: Rule 29C
10/09/13
Excise
ER-1
Return for Non SSI assessees for August.
Provision: Rule 12(1)
10/09/13
Excise
ER-2
Return for EOUs for August.
Provision: Rule 17(3)
10/09/13
Excise
ER-6
Return by units paying duty > 1 crore (CENVAT + PLA) for August. Provision: Rule 9A(3)
15/09/13
Service Tax
ST-3
Extended date of Service Tax  Return for the period from 1.10.2012 to 31.03.2013
15/09/13
Provident Fund
Electronic Challan Cum Return(ECR)
E-Payment of PF for August (Cheques to be cleared by 20th)
15/09/13
ESI
ESI Challan
Payment of ESI of August
15/09/13
Income Tax
ITNS-280
Payment of Advance Income Tax in case of company/non corporate assessee. Provision: Chapter XVII Part C
15/09/13
D-VAT
DVAT- 20
Deposit of DVAT TDS for August
Provision: Rule 59(1)
15/09/13
D-VAT
DVAT – 43
Issue of DVAT certificate for deduction made in August
Provision: Rule 59(2)
16/09/13
PF ESI

Monthly Payment of ESI Contribution for August (Cheques to be cleared by 20th)
21/09/13
D-VAT
DVAT-20
Deposit of VAT for August
Provision: Rule 31
25/09/13
D-VAT
Form 16 and CST 1
E- Return of VAT for Aug for dealers having monthly Tax Period
Provision: Not. No. F. 7(7)/POLICY-III/VAT/2005-06/3671

25/09/13
EPF,ESI

Monthly - Consolidated Statement of dues and remittance under EPF, EPS and Employees' Deposit Linked Insurance Scheme, 1976 for the month of August to which the dues relate.
28/09/13
D-VAT
DVAT-16/Form-1 & Ack
Last date for Monthly Return (Hard Copy of e-Filing) of VAT & CST for the month of August.
Provision: Rule 28
30/09/13
Income Tax
ITNS-280
Deposit of Income Tax – Self assessment tax
Provision: 140A
30/09/13
Income Tax
DVAT-51
Quarterly Reconciliation Return for transaction under CST Act
Provision: Rule 67(1)
30/09/13
Income Tax
ITR-1 to 8 &  ITR-V
Last date of filing return in case of assessee whose accounts are required to be audited, or working partner of a firm whose accounts are required to be audited, or Companies
Provision: Section 139
VCES - Voluntary pay your Service tax and get benefits.

Period: 1st October  2007 to 31st December  2012

ü  VCES AVAILABLE TO:
Ø  The person
- Who has not received notice or order of determination u/s 72, 73 or 73A on or before 1st march 2013 is eligible under the scheme.
-  Against him If any inquiry, investigation or audit has been initiated after 1st march, he can avail the scheme.

ü  VCES NOT AVAILABLE TO:
Ø  The Person :
-       Who has filed service tax return but does not pay tax, he will be not eligible for the scheme.
-       Against him If any inquiry, investigation or audit has been initiated  and pending as on 1st march 13,

ü  VCES PARTIAL AVAILABLE TO:
Ø  The Person :
-       Against him If any notice or order of determination has been issued for any period between October 07 to December 12, declaration cannot be made on same issue for any subsequent period. But if show cause notice has been issued prior to October  07, declaration can be made on same issue.

ü  Payment of tax:
-       Up to 31stdecember, 2013 : minimum 50% tax payment else not eligible for the scheme
-       Up to 30th June , 2014 : balance without interest
-       Up to 31st December 2014 :  balance with interest

(all payments without penalty and prosecution)

ü  Other major points :
·          If registration under service tax has not obtained, the person will be required to take registration before making such declaration. He will get immunity from penalty for not having registration.
·          If show cause notice has been received by a taxpayer for particular period during October 07 to December 12, he can file declaration for period not covered by notice.
·          The Tax Payer will be ineligible if an inquiry, investigation or for audit which is pending as on 1st march 13.  A notice for mere general communication for taxpayers’ business by department will not make him ineligible for scheme..
·          The eligibility for scheme will be determined separately for each unit If taxpayer has two units with separate service tax registration number,
·          For tax dues concerning an issue which is not a part of audit para the declaration  can be made by the tax payer.
·          If tax dues are paid by a person but he  has not filed  return, he is not eligible for the scheme to avoid penalty for late return filling.
·          If tax dues for part of the period of the scheme has been paid and same person has paid other part of the tax dues under VCES  scheme, he will be entitled for immunity from interest and penalty on tax dues which he has paid under scheme. If a person has paid 5 lacs for the period 1stOctober  07 to 31st December  11 on 1st jan 2013 and 20 lacs on 31st august  2013 under VCES  scheme for the  period 1st January  12 to 31st December 12. He will be entitled for immunity from interest and penalty for 20 lacs which he has paid under  VCES.
·          The Taxpayer can amend the declaration and correct it If there is any mistake in declaration and submit it before 31st December 2013.
·          The Declaration can be rejected after giving opportunity to taxpayer if authority finds declaration wrong and thereafter show cause notice for the tax dues may be issued by the authority.

·         Tax under VCES  should be paid in cash.