Skip to main content

Obligation for the Month of July 2017


Event DateActApplicable FormObligation
06/07/2017Service TaxChallan No.GAR-7E-payment of Service Tax for month ending June for Cos & quarter ending June for others.
07/07/2017Income TaxForm No.27C (TCS)Submission of Forms received in June  to IT Commissioner
07/07/2017Income TaxChallan No.ITNS-281Payment of TDS/TCS deducted/collected in June
10/07/2017ExciseER-1Return for Non SSI assessees for June
10/07/2017ExciseER-2Return for EOUs for June
10/07/2017ExciseER-3Submission of return by SSI units for June quarter
10/07/2017ExciseER-6Return by units paying duty >  1 crore (CENVAT + PLA) for June
12/07/2017D-VATBE - 2 Advance information for 2nd fortnight of July of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi
15/07/2017D-VAT DVAT 20 Payment of DVAT TDS for June
15/07/2017Income Tax Form 15G/H E-filing of form 15G/H received during June Quarter
15/07/2017Income Tax Form 15CC Statement by Banks etc. in respect of foreign remittances during June quarter.
15/07/2017 Income Tax Form 27EQ TCS Returns by ALL Collectors
15/07/2017 Providend Fund Electronic Challan cum Return (ECR) E-Payment of PF for June
 21/07/2017 ESI ESI Challan Payment of ESI for June Applicable for Salary upto Rs. 21,000 instead of 15,000 earlier)
 21/07/2017 M-VAT MVAT Challan Payment of MVAT & WCT TDS for June
 21/07/2017 D-VAT DVAT-20 & Central E-Payment of DVAT & CST for the month/quarter ended June
 21/07/2017 M-VATForm 231-235 & CST 1Submission of MVAT return for month/quarter ended June. (10 Days extra for e-returns)
 22/07/2017 D-VAT DVAT - 43 Issue of DVAT Certificate for deduction made in June
 25/07/2017 D-VAT Form 16 and CST 1 E- Return of DVAT for quarter ended June 
 27/07/2017 D-VAT BE-2 Advance information for 1st fortnight of August of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi
 28/07/2017 D-VAT DVAT - 56 Filing of DVAT Return Verification Form  for quarter ended June where return not signed with digital signature.
 28/07/2017 D-VAT DVAT-48 Return of TDS for June quarter in DVAT-48
 28/07/2017 D-VAT Bank-1Return by Scheduled Bank branches in Delhi engaged in sale of  silver, gold, repossessed vehicles for quarter ending June
 30/07/2017 Income Tax Form 27D Issue TCS Certificates by Collectors for quarter ended June
 31/07/2017 Income Tax Form No. ITR-1,2,3,4 Filing of I.T. Returns by Individuals , HUF (without Audit)
 31/07/2017 Income Tax Form No ITR.-5 Filing of I.T. return by Firms,AOPs, BOIs (without audit)
 31/07/2017 Income Tax Form No ITR.-7 Filing of I.T. Return by Trusts, Political party etc.(without audit)
 31/07/2017 Income Tax Return No.24Q, 26Q & 27Q TDS  returns for June Quarter by ALL deductors
 31/07/2017 Income Tax Form No. 26QAA Returns by banks for interest upto Rs.10,000 for June quarter
 31/07/2017 Maharastra Profession Tax MTR-6/Form IIIB Payment & Monthly Return of Maharastra PT (Annual Liability 50000 or more)

Note: Please not that this is not an exhaustive list of obligations under various laws and rules. Important ones have been compiled to serve as a Ready Reckoner.
Please reconfirm in case of doubt or in caseof extension/change & bring the same to our notice. We are not responsible for inadvertant errors, if any.

Comments

Popular posts from this blog

RBI minutes show MPC members flagged upside risks to inflation

RBI minutes show MPC members flagged upside risks to inflation Concerns about economic growth and easing inflation prompted five of the six monetary policy committee (MPC) members to call for a cut in the repo rate, but most warned that prices could start accelerating, show the minutes of the panel’s last meeting, released on Wednesday. The comments reflected a tone of caution and flagged upside risks to inflation from farm loan waivers, rise in food prices, especially vegetables, price revisions withheld ahead of the goods and services tax, implementation of house rent allowance under the 7th pay commission and fading of favourable base effect, among others. On 2 August, the panel chose to cut the repurchase rate—the rate at which the central bank infuses liquidity in the banking system—by 25 basis points to 6%. One basis point is one-hundredth of a percentage point. Pami Dua, professor at the Delhi School of Economics, wrote that her analysis showed “a fading economic growth outlook, as …

Shrinking footprints of foreign banks in India

Shrinking footprints of foreign banks in India Foreign banks are increasingly shrinking their presence in India and are also becoming more conservative than private and public sector counterparts. While many of them have sold some of their businesses in India as part of their global strategy, some are trying to keep their core expertise intact. Others are branching out to newer areas to continue business momentum.For example, HSBC and Barclays Bank in India have got out of the retail business, whereas corporate-focused Standard Chartered Bank is now trying to increase its focus on retail “Building a retail franchise is a huge exercise and takes a long time. You cannot afford to lose it,” said Shashank Joshi, Bank of Tokyo-Mitsubishi UFJ’s India head.According to the Reserve Bank of India (RBI) data, foreign banks’ combined loan book shrunk nearly 10 per cent from Rs 3.78 trillion in fiscal 2015-16 to Rs 3.42 trillion last financial year. The banking industry, which includes foreign banks…

Differential Tax Levy under GST: Food Firms May De-Register Trademarks

Differential Tax Levy under GST:Food Firms May De-Register Trademarks The government’s decision to charge an enhanced tax rate on trademark food brands is leading several rice, wheat and cereal manufacturers to consider de-registering their product trademarks. Irked by the June 28 central government notification fixing a 5 per cent goods and services tax (GST) rate on food items packaged in unit containers and bearing registered brand names, the industry has made several representations to the government to reconsider the differential tax levy, which these players say is creating an unlevel playing field within these highly-competitive and low-margin industries. Sources say that the move has affected the packaged rice industry the hardest and allowed the un-registered market leaders, India Gate and Daawat, to gain advantage as compared to other registered brands such as Kohinoor and Lal Qilla. Smaller players are even more worried with this enhanced rate of tax (against the otherwise …