Business Compliance Calendar for the month of May- 2019

Business Compliance Calendar for the month of May- 2019

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07.05.2019

  • Due date for deposit of Tax deducted/collected for the month of April, 2019. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

10.05.2019

  • Monthly TDS payment in Form GSTR-7 by the person specified by the Government for the month of April-2019
  • Due date for builders to file the application if they want to continue   Paying taxes at old rates with Input Tax Credit (ITC) for existing under construction residential projects under GST.
  • Monthly TCS Returns in Form GSTR-8 (E-Commerce Operator) for the month of April-2019 under GST

11.05.2019

  • Monthly GST return in GSTR-1(Outward Supplies) for April -2019  for registered Person with aggregate turnover exceeding Rs. 1.50 Cr.

13.05.2019

  • Return in GSTR-6 for Input Service Distributor (ISD) for the month of April -2019

15.05.2019

  • Monthly PF for April-2019
  • Monthly ESIC for April-2019
  • Due date for issue of TDS Certificate for tax deducted in the month of March, 2019
      1. under section 194-IA(TDS on Immovable property)
      2. under section 194-IB (TDS on Certain Rent payment)
  • Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2019 has been paid without the production of a challan
  • Quarterly statement of TCS deposited for the quarter ending March 31st , 2019
  • Due date for furnishing statement in Form No. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the ​system for the month of April, 2019​

17.05.2019

  • -Issue Monthly TDS Certificate in form GSTR-7A for the month of April-2019 under GST

20.05.2019

  • Monthly Summary Return in GSTR-3B for April -2019
  • Monthly Return in GSTR-5 (for Non Resident Taxable Person) for the month of April -2019
  • Return in GSTR-5A for the month of April-2019 by Non Resident Foreign taxpayers who have come for a short period to make supplies in India

30.05.2019

  • Challan cum Statement with regard to TDS u/s 194IA (TDS on Immovable property) & u/s 194IB (TDS on Certain Rent payment) for April -2019
  • Submission of a statement (in Form No. 49C) by non-resident having a liaison office in India for the financial year 2018-19

31.05.2019

  • Return of tax deduction from contributions paid by the trustees of an approved superannuation fund
  • Quarterly statement of TDS deposited for the quarter ending March 31, 2019
  • Due date for furnishing of Statement of Financial Transaction (SFT) (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Income Tax Act 1961, in respect of a financial year 2018-19.
  • Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA (1) (k) (in Form No. 61B) for calendar year 2018 by reporting financial institutions.
  • Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000/- or more during FY 2018-19 and hasn’t been allotted any PAN.​
  • Application for allotment of PAN in case of person being 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.​

Special Caution:

10th May 2019: For existing (under  construction) residential projects -One time option for builders to file the application if they want to continue paying taxes at old rates i.e., @8% GST on affordable housing & @12% on other housing projects with Input Tax Credit (ITC).

31st May 2019:-Due date for furnishing of Statement of Financial Transaction (SFT) (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Income Tax Act 1961, in respect of a financial year 2018-19

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