Demand notices, responses, replies and corrective actions

Demand Notices and their corrective actions

-          What is Demand in the terms of taxation?

The Income Tax Department (IT Department) checks the income declarations and tax paid to see if all these details match. Only then the IT Department will accept the tax return filed as per Section 143(1). If the taxes paid are found to be less than what you owe, they will issue you a demand notice.

-     Why a Taxpayer get a notice?

1.      For delay filing IT return

2.      Misreporting of LTCG for equity

3.      For TDS claimed not matched with 26AS

4.      For Non-Disclosure of income

5.      For not declaring investment made in the name of the spouse

6.      For filing defective return

7.      If you done high value transactions

8.      If your return picked up for scrutiny

9.      For setting off refunds against remaining tax payable

10. For tax evasion of earlier years

-       TYPES OF INCOME TAX NOTICES

-       SECTION 139(9) : Defective income tax return

-       SECTION 142(1) : Preliminary Enquiry before an assessment

-       SECTION 143(2) : Follow up of notice under section 142(1)

-       SECTION 148 : Income escaped assessment

-       SECTION 156 : Notice of Demand

-       SECTION 245 : Refund adjusted against the tax demand

-          Possible resolution in case of tax mismatch:

a.      Credit Available in FORM 26AS but not given in the intimation order

-          Invalid TAN entered in the return

-          SAT/AT details are entered wrongly

-          No data error in TAN/SAT/AT details

-          No data error in particular entered in TDS/TCS schedule

b.      Credit not available in form 26AS

-          Mismatch of TDS/TCS amounts claimed compared to form 26AS

-          Mismatch of SAT/AT

Outstanding Tax Demand 

This indicates that principal demand is already adjusted/ paid, and interest demand is the only outstanding value. For the demand against which there is "No Submit response option" available such demand is already confirmed by the Assessing Officer.

Outstanding Tax Demand Status

The Taxpayer can submit the response online to the outstanding demand by either choosing to Agree or Disagree with the demand.

Perform the following steps for Responding to the Outstanding Demand.

1.       Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in

2.       Go to the ‘e-File’ menu, Click ‘Response to Outstanding Demand’.

3.       All outstanding demands will be displayed here. Click on 'View' hyperlink under 'Response' column. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Intimation in SECTION 143(1)

The intimation of demand made by the income tax department is under section 143(1) and assessee must respond it within 30days. A copy of notice is attached below:

Reasons for Notice under Section143(1)(a)

Many taxpayers are currently receiving intimations under section 143(1)(a) due to a mismatch between Form 26AS and the ITR Form.

In most cases, there will be no change in tax calculations. The department is only asking for more information.

Circumstance under the notice of Section 143(1)

	Reason/ Purpose	Action to be taken
Notice under Section 143(1)(a)	Due to discrepancy/mismatch found and there is a tax liability	If you agree - Pay the taxes & Revise the return If you disagree - Respond on income tax portal

Respond to an Outstanding Demand

  The Taxpayer can submit the response online to the outstanding demand by either choosing to    ‘Agree’ or ‘Disagree’ with the demand.

Perform the following steps for Responding to the Outstanding Demand.
1.       Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in
2.       Go to the ‘e-File’ menu and Click ‘Response to Outstanding Demand’
3.   Click the hyperlink 'Submit' located under 'Response' column (To respond for the Outstanding Demand)
4.       Choose any one of the listed responses.

-           Agree

-          Not agree

-          Disagree

-          Demand is not correct but ready for adjustments
   
     5.        A success message along with Transaction ID is displayed on successful submission of the response, in case of agree or partially agree for demand:   

If you disagree - Respond on income tax portal

Step1: Go to http://portal.inco metaxindiaefiling.gov.in/home and click on‘Login here’

Step2: Enter UserID, Password and Captcha to proceed logging in

Step3: On successfully logging in, click on the‘e-proceeding’tab

Step 4: Click on ‘Adjustment u/s 143(1)(a)’

Step5: When the e-proceeding tab opens, click on ‘Submit’ under the‘Response’tab

Step 6: This page summarizes the discrepancies due to which the notice has been issued.

➔        If you agree or partially agree with the department, then you must file a revised return.

➔        If you disagree,click on the ‘disagree’ response and‘Continue’

Step7A:  When you disagree with the notice issued by  the department, you can provide a justification for the same on this page.

Step7B: If there is  any income which has been taxed in the notice but is exempt under section 10, you must select the option from the drop down list.

Step7C: If you do not find your reasons in  the options  specified,then specify it in the tab for‘any other reason’

Step6

The Dynamic Reconciliation Statement will auto populate, then click on ‘Submit’.

Above mentioned steps in a nutshell:

-         STEP 1:Ascertain the Outstanding Tax Demand

-          STEP 2: Draft a letter for cancellation of Demand

-         STEP 3: Send to Income tax department and get the Acknowledgment Number

-         STEP 4: Scan the above letter, draft grievance and prepare the attachments.

PRECAUTIONS WHILE DRAFTING GRIEVENCE

Ø While drafting Grievance for the letter NO SPECIAL CHARACTERS can be used (%,*.#,+,-,@ etc.)

Ø Attachments : one file – one name -No space and no special characters and must be upto  50MB.

-         STEP 5: Scan the Documents and upload on e-filing portal.

Notice of under Section 245

Why did Assessee receive Intimation under Section 245?

This intimation is received when you have a tax demand pending from the IT department or when you have claimed a refund from them for some other assessment year. Section 245 of the Income Tax Act empowers the assessing officer (AO) to adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer. In simple words, the IT department wants to adjust the refund due against a demand due from you. This demand may pertain to an earlier assessment year.

Adjustments against Refund under section 245

-          Section 245 Notice

-          Adjustment under section 143(1) of another year

-          Adjustment against demand in Refund Vouchers

1.   Section 245 Notice

-   Generally, the response of notice of section 245 shall be filed within 15days.

-   Response to the notice must be either:

·         Agree                                                                                                                 

·         Disagree

·         Partially agree

·         Not agree but ready for adjustments

i.      If assessee agree to the notice and demand,then the assessee simply login to the portal and submit the demand and pay the amount.

ii.    If the assessee disagree then s/he will respond to the reasons for being Disagree to the Demand raised.

iii.  Partially Agree: in this case the assessee must submit the XML or may revise the return and submit it again.                      Or

The Assessee must file rectification in such a circumstance.

iv.   Not agree but ready for adjustments : In such an assessee is not Agreed with the demand raised by the department but assessee just for a way-out take such decision for not to block the entire refund with the department.

Rectification request under section 154

A rectification request under section 154(1) is allowed by the Income Tax Department for correcting mistakes when there is an apparent mistake in your Income Tax Return. an error due to overlooking compulsory provisions of law.

 Order rectified under section 154.

Mistake apparent from records, and income tax department may-

-Amend any order passed under any provisions of the Income-tax Act

-Amend any intimation or deemed intimation sent under section 143(1)

- Amend any intimation sent under section 200A (1)- TDS return

- amend any intimation under section 206CB- Processing of TCS statement

Submitting the request for Rectification

The return filed by the taxpayer will be processed by Income Tax Department (ITD) and intimation will be sent to the assessee under section 143(1) based on details disclosed by the taxpayer and rules deployed at the processing centre of ITD. In case if the taxpayer wants to seek rectification of a mistake in an order or intimation, which is apparent from the record, then the taxpayer can seek ‘Rectification under Section 154’.

STEPS:
1.       Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in
2.       Go to the ‘e-File’ menu and Click ‘Rectification’ link
3.       Choose the options of ‘Order/Intimation to be rectified’ and ‘Assessment Year’ from the dropdown list. Click ‘Continue’
4.       Select any one of the following options of ‘Request Type’ from drop down list.
5.       To ViewthesubmittedRectificationRequest :

-          Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in

-          Go to the ‘My Account’ menu located at upper-left side of the page ↓ Click ‘View e-Filed Returns/Forms’

-          Select ‘Rectification Status’ from drop down list¯Click ‘Submit’

View Refund/ Demand Status

To check the refund status, follow the steps:

Step1: Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha.

Step2: Go to My Account and click on "Refund/Demand Status"

Step3: following details would be displayed

-          Assessment year

-          Status

-          Reasons for refund failure (if any),

-          Mode of payment is displayed

APPEALS

A taxpayer aggrieved by various actions of Assessing Officer can appeal before Commissioner of Income Tax (Appeals). Further appeal can be preferred before the Income Tax Appellate Tribunal. On substantial question of law, further appeal can be filed before the High Court and even to the Supreme Court.

Compiled By : Abhilasha at Sandeep Ahuja & Co

Steps for Transition to New GST Returns

The GST Council in its 31st meeting decided that a new GST return system will be introduced to facilitate taxpayers. In order to ease transition to the new return system, a transition plan has been worked out. The details of the indicative transition plan are as follows: -

i. In May, 2019 a prototype of the offline tool has already been shared on the common portal to give the look and feel of the tool to the users. The look and feel of the offline tool would be same as that of the online portal. Taxpayers may be aware that there are three main components to the new return – one main return (FORM GST RET-1) and two annexures (FORM GST ANX-1 and FORM GST ANX-2).

ii. From July, 2019, users would be able to upload invoices using the FORM GST ANX-1 offline tool on trial basis for familiarisation. Further, users would also be able to view and download, the inward supply of invoices using the FORM GST ANX-2 offline tool under the trial program. The summary of inward supply invoices would also be available for view on the common portal online. They would also be able to import their purchase register in the Offline Tool and match it with the downloaded inward supply invoices to find mismatches from August 2019.

iii. Between July to September, 2019 (for three months), the new return system (ANX-1 & ANX-2 only) would be available for trial for taxpayers to make themselves familiar. This trial would have no impact at the back end on the tax liability or input tax credit of the taxpayer. In this period, taxpayers shall continue to fulfil their compliances by filing FORM GSTR-1 and FORM GSTR-3B i.e. taxpayers would continue to file their outward supply details in FORM GSTR-1 on monthly / quarterly basis and return in FORM GSTR-3B on monthly basis. Non-filing of these returns shall attract penal provisions under the GST Act.

iv. From October, 2019 onwards, FORM GST ANX-1 shall be made compulsory and FORM GSTR-1 would be replaced by FORM GST ANX-1. The large taxpayers (i.e. those taxpayers whose aggregate annual turnover in the previous financial year was more than Rs. 5 Crore) would upload their monthly FORM GST ANX-1 from October, 2019 onwards. However, the first compulsory quarterly FORM GST ANX-1 to be uploaded by small taxpayers (with aggregate annual turnover in the previous financial year upto Rs. 5 Crore) would be due only in January, 2020 for the quarter October to December, 2019. It may be noted that invoices etc. can be uploaded in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October, 2019 onwards.  FORM GST ANX-2 may be viewed simultaneously during this period but no action shall be allowed on such FORM GST ANX-2.

v. For October and November, 2019, large taxpayers would continue to file FORM GSTR-3B on monthly basis. They would file their first FORM GST RET-01 for the month of December, 2019 by 20th January, 2020.

vi. The small taxpayers would stop filing FORM GSTR-3B and would start filing FORM GST PMT-08 from October, 2019 onwards. They would file their first FORM GST-RET-01 for the quarter October, 2019 to December, 2019 from 20th January, 2020.

vii. From January, 2020 onwards, all taxpayers shall be filing FORM GST RET-01 and FORM GSTR-3B shall be completely phased out.

Separate instructions shall be issued for filing and processing of refund applications between October to December, 2019.

Changes in ITR Forms AY 2019-20

1. If the taxpayer is a Director in a Company at any time during the tax year, the following details need to be furnished (ITR 2, 3):

(i) Name and Permanent Account Number (PAN) of the Company

(ii) Whether shares of the Company are listed or unlisted

(iii) Director Identification Number (DIN) of such person

2. If the taxpayer is a Partner in a Firm, then the name and PAN of the Firm need to be disclosed separately (ITR 5, 7).

3. Enhanced Reporting in case of Transfer of Immovable Property - such as name and PAN of the buyer, address of property and in case of more than one buyer, percentage share and amount paid by each buyer needs to be reported (ITR 2, 3, 5, 6).

4. Break-up of Interest Income earned needs to be bifurcated into interest earned from savings bank, deposits, income tax refund, interest in the nature of pass-through income or others. (ITR 2, 3, 5, 6, 7)

5. Break-up of certain Specified Incomes such as dividend income, winning from lotteries, puzzle, races etc. which are taxed under Income from Other Sources - The break-up period is aligned to the due dates of payment of advance tax (ITR 2, 3, 5, 6, 7).

6. Break-up of monetary Donations made in cash and other mode - Monetary donations made by taxpayer and eligible for deduction under section 80G of the Income Tax laws need to be bifurcated between donation made in cash or in any other mode (like cheque or electronic mode). (ITR 2, 3, 4, 5, 6)

7. Enhanced reporting in relation to Foreign Assets located outside India - instead of information about foreign bank accounts held, the new ITR forms require details of following assets held by resident taxpayers at any time during the tax year in Schedule FA dealing with foreign assets and income from any source outside India (ITR 2, 3, 5, 6, 7)

(i) Details of Foreign Depository accounts

(ii) Details of Foreign Custodial accounts

(iii) Details of Foreign Equity and Debt interest

(iv) Details of Foreign Cash Value Insurance Contract or Annuity Contract

Under each asset category, there is further reporting requirement such as details of country name and code, name and address of institution, account number, date of opening the account, peak balance during the tax year, closing balance, amount of interest/ amount paid/ credit. In case of insurance contract, cash/ surrender value of contract needs to be reported.

8. Enhanced reporting in Exempt Income schedule

(i) If net agricultural income exceeds Rs. 5,00,000; the following details need to be reported separately for each agricultural land (ITR 2, 3, 5, 6)

- Name of district along with pin code where agricultural land is situated

- Measurement in acres

- Whether the land is owned or leased and whether it is irrigated or rain fed

(ii) income is not chargeable as per Double Taxation Avoidance Agreement (DTAA)

(iii) it is pass-through exempt income (ITR 2, 3, 5)

9. Furnishing of PAN/ TAN of Tenant is mandatory if TDS credit on rent income is claimed by the taxpayer (ITR 2, 3, 5, 6, 7)

10. Insertion of Manufacturing Account and Trading Account - Statement of Profit and Loss has been bifurcated into Manufacturing Account, Trading Account and Profit and Loss Account. Certain additional details need to be furnished in the Manufacturing Account such as details of direct wages, direct expenses and factory overheads. (ITR 3, 5, 6).

11. In case regular books of accounts are not maintained - details of Gross Receipts as bifurcated between receipts through specified banking modes and any other mode to be reported.

12. Date of Commencement of Business to be disclosed by Companies

13. In case of Companies, Loans and Advances given and received - party wise details along with opening and closing balance, amount received and repaid during the year, rate and amount of interest

14. In case of Companies, land or building or both (whether residential or not), other assets such as motor vehicle, aircraft, yacht, jewelry, archaeological collections, drawings, painting, sculptures or any work of art or bullion - date and cost of acquisition, purpose of use needs to be disclosed.

New Method of Utilization of ITC under GST (w.e.f. 23-Mar-19)

With effect from 29th March, 2019, the manner of utilization of Input Tax Credit (ITC) has been amended vide Notification No. 16/2019-CT, following which Rule 88A has been introduced. It states as under:

“Rule 88A: Order of utilization of input tax credit – Input tax credit on account of Integrated Tax shall first be utilised towards payment of Integrated Tax, and the amount remaining, if any, may be utilised towards the payment of Central Tax and State Tax or Union Territory Tax, as the case may be, in any order:

Provided that the input tax credit on account of Central Tax, State Tax or Union Territory Tax shall be utilised towards payment of Integrated tax, Central Tax, State Tax or Union Territory Tax, as the case may be, only after the input tax credit available on account of Integrated Tax has first been utilised fully.”

Here’s breaking down the change for you.

1. If you have IGST Input Credit, first exhaust that for payment of IGST Output

2. If there is any IGST ITC left thereafter, use it for payment of CGST and SGST Output, now in no particular order, i.e. you can use the remaining IGST ITC to pay both CGST and SGST equally. It will not follow the sequence of first setting it off against CGST Output and then the remaining against SGST Output.

3. Credit can be taken in any order.

4. ITC of CGST and SGST can be utilized towards payment of IGST, CGST, SGST only after exhausting the ITC of IGST.

5. It still remains that the ITC of CGST cannot be used to pay SGST, and ITC of SGST cannot be used to pay CGST.

To put it simply, the following tables show how the manner of utilizing GST ITC has changed in the past few months.

Up to 31-Jan-2019
Payment For	First Set off From	Then Set off From
IGST	IGST	CGST and SGST
CGST	CGST	IGST
SGST	SGST	IGST

From 01-Feb-2019 due to Section 49A of CGST (Amendment) Act, 2018
Payment For	First Set off From	Then Set off From
IGST	IGST	CGST and SGST
CGST	IGST ITC left after setting off IGST	CGST
SGST	IGST ITC left after setting off IGST and CGST	SGST

From 29-Mar-2019 due to Rule 88A – Order of utilizing IGST ITC against CGST and SGST is done away with
Payment For	First Set off From	Then Set off From
SGST	IGST ITC left after setting off IGST	SGST
CGST	IGST ITC left after setting off IGST	CGST
IGST	IGST	CGST and SGST

Illustration 1: ITC Utilization in Case of No IGST Liability
w.e.f. 29-Mar-19	IGST	CGST	SGST
ITC Available	1000	1000	1000
Output Tax Payable	NIL	2000	2000
IGST Utilized	NIL	500	500
CGST Utilized	NIL	1000	N.A.
SGST Utilized	NIL	N.A.	1000
ITC Balance	NIL	NIL	NIL
Payment in Cash	NIL	500	500

Illustration 2: ITC Utilization in Case of IGST Liability
w.e.f. 29-Mar-19	IGST	CGST	SGST
ITC Available	1000	1000	1000
Output Tax Payable	500	500	500
IGST Utilized	500	250	250
CGST Utilized	NIL	250	N.A.
SGST Utilized	NIL	N.A.	250
ITC Balance Carried Fwd	NIL	750	750
Payment in Cash	NIL	NIL	NIL

GST on Real Estate Sector w.e.f. 1st April, 2019

The following is a summary of decisions taken by the GST Council in its 34th Meeting held on 19th March, 2019 regarding GST on the real estate sector.

To reduce the burden of GST on home buyers, GST council has reduced the rate of tax to 5% without ITC for non-affordable houses and 1% without ITC for affordable house. Here, affordable house/flat is one of carpet area up to 90 sq.m. in non-metropolitan cities and 60 sq.m. in metropolitan cities, having value up to Rs.45 lakhs only, in both cases.

The proposed rates shall apply from 1st April, 2019.

Conditions for Availing the New Tax Rates

1. Input Tax Credit shall not be available on adoption of new rates. However, ITC shall be available to those who continue to pay tax under the old rate.

2. 80% of inputs and input services (other than capital goods, TDR/JDA, FSI, long term lease) shall be purchased from registered persons. On shortfall of purchase from 80%, tax shall be paid by builder @18% on RCM basis. However, tax on cement purchased from unregistered person shall be paid @28% under RCM basis.

Taxing Options for Ongoing Projects

1. Under construction projects shall be given a one-time option to continue to pay tax at old rates (effective rates of 8% or 12% with ITC) on ongoing projects (building where construction and actual booking have both started before 01.04.2019) which have not been completed by 31.03.2019.

2. The option shall be exercised once within the prescribed time, and where the option is not exercised, new rates shall apply.

Transition for Ongoing Projects

1. Ongoing projects not completed by 31.03.2019 shall transition the ITC in proportion to booking of the flat and invoicing done for the booked flat, subject to a few safeguards.

2. For a mixed project, transition shall also allow ITC on pro-rata basis in proportion to carpet area of the commercial portion in the ongoing projects (on which tax will be payable @12% with ITC even after 01.04.019) to the total carpet area of the project.

Transfer of Development Rights (TDR) & Floor Space Index (FSI)

The following treatment shall apply to TDR/FSI and long-term lease for projects commencing after 01.04.2019

1. Supply of TDR, FSI, long term lease (premium) of land by a land owner to a builder shall be exempted from GST if flats are sold before issuance of completion certificate and tax is paid on them. Exemption of TDR, FSI, long term lease (premium) shall be withdrawn in case of flats sold after issue of completion certificate, but such withdrawal shall be limited to 1% of value in case of affordable houses and 5% of value in case of other than affordable houses.

2. Builder has to pay GST on RCM basis. It means liability to pay tax on TDR, FSI, long term lease has been shifted from land owner to builder.

3. The builder has to pay tax under RCM basis, in respect of flats sold after completion certificate, on the date of issue of completion certificate.

Input Tax Credit (ITC) in case of Sales Promotion Activities

The GST Department has recently offered great relief to the FMCG industry by clarifying on a few matters with respect to supply of free articles under schemes such as "Buy One, Get One", where ITC was not being allowed in proportion to the free supplies made by such companies.

The details are as follows.

A. Free Sample and Gifts (No ITC): 

It is a common practice in trade and industry, such as, garment industries which often provide free sample or gifts to increase sales volume and to attract customers without any consideration.

According to section 7(1)(a) of said Act, supply made without any consideration shall be not treated as supply under GST (except in case of activities mentioned in Schedule I of the said Act).

It is clarified that input tax credit shall not be available to the supplier on the inputs, input services and capital goods to the extent they are used in relation to the gifts or free samples distributed without any consideration.

However, where the activity of distribution of gifts or free samples falls within the scope of ‘supply’ on account of the provisions contained in Schedule I of the said Act, the supplier would be eligible to avail of the ITC.

B. Buy One Get One Free Offer (ITC Available):

Offers like ‘buy one soap and get one free’, are actually not an individual supply of free goods but a case where a single price is charged for two or more individual supplies. Taxability of such supply will be dependent upon whether the supply is a composite supply or a mixed supply and the rate of tax shall be determined as per the provisions of section 8 of the said Act.

It is also clarified that ITC shall be available to the supplier for the inputs, input service and capital goods used in relation to supply of goods or service or both as part of such offers.

C. Discounts on the Face of Invoice or Pre-determined (Reduced from Taxable Value):

Sometimes, suppliers give discounts which increase with the increase in purchase volume. For example, 10% discount on purchase of more than Rs. 5000 and 15% discount on purchase of more than Rs. 10000. Such discounts are often given in the invoice itself.

Suppliers also give periodic discounts, generally at end of the season or at the year end. The discounted amount would be excluded to determine the value of supply. Such discounts are passed by the supplier by issuing credit notes.

It has been clarified in this regard that ITC shall be available to the supplier for the inputs, input service and capital goods used in relation to supply of goods or service or both as part of such offers.

D. Secondary Discount (Not Deducted from Taxable Value):

When discount is provided after sale it is termed as secondary discount. For example, M/s A supplies 10000 packets of biscuits to M/s B at Rs. 10/- per packet. Afterwards, M/s A re-values it at Rs. 9/- per packet. Subsequently, M/s A issues credit note to M/s B for Rs. 1/- per packet.

Discounts in cases such as these do not fulfill the conditions laid out in section 15(3)(b) of the Act. It has been clarified in this regard that financial / commercial credit notes can be issued by the supplier even if they don’t fulfill the conditions under the aforementioned section, i.e. credit notes can be issued as a commercial transaction between two contracting parties.

It is also clarified that such secondary discounts shall not be excluded while determining the value of supply since they are not known at the time of supply, and there is no impact on availability or otherwise of ITC in the hands of supplier in this case.



Compiled by:


Shivam Tiwari
Articled Assistant
GST Team
Sandeep Ahuja & Co.

Completion of Audit Training Workshop

A few Articled Assistants of Sandeep Ahuja & Co. completed a training workshop on Internal Audits on 9th March, 2019 at the Gurgaon office of the firm.

Left to Right (Standing): Ritik Chandel, Saino Susan Varghese, Robin Singh Dhama, Kriti Makker, Amit Soam, Megha Bansal, Vijay Raghav, Pushkar Tayal, Shivam Tiwari, Mayur Sahni, Tanveer Alam, Sahil Sardana, Shivangi Jain, Piyush, Akash Arora, Kashika Ahuja, Aditya Harsh, Lovely Sharma, Harshit Singh

Partners (Sitting): Sarthak Ahuja, Surekha Ahuja, Sandeep Ahuja

March 2019 - Due Date Calendar

7th March 2019: Income Tax TDS/TCS payment for the month of February 2019.

10th March 2019: Monthly GST-TDS/TCS payment in form GSTR-7 for the month of February 2019 under GST.

11th March 2019: GST Filing of returns by registered person with aggregate turnover more than 1.50 crores (GSTR-1) for February 2019.

15th March 2019: Due date for forth and last installment/ entire amount of advance tax for Assessee having presumptive basis income,

15th March 2019: Due date for PF and ESIC payment.

20th March 2019: GST monthly return for the month of February 2019 (GSTR-3B) 

25th March 2019: Due date for filing monthly return of PF

30th March 2019: Challan cum statement for TDS u/s 194 IA for immovable property and 194 IB for rent payment for February 2019.

31st March 2019: Due date for filing of GSTR 3B and 1 from July 2017 to September 2018 without late fees

31st March 2019: Due date for filing of ITC 4 under GST for claiming Input tax credit on goods sent for job works for the period July 2017 to December 2018.

31st March 2019: Last date for linking Aadhar with PAN.