Thread by @CA_HarshilSHETH

Thread on closing FY 20-21

I knw its turbulent times.. Working from Home.. Limited sources .. Doing Compliance for Clients who are also not able to cope up in difficult times
And no Extention of dates

Here is CHECKLIST for GST & IT

#GST
#IT

Prepare list of clients in each following category and make 100% sure that U have done following compliance for each month

👉GST
Check in All Monthly /Quarterly Clients

✅ GSTR1 filed upto MARCH 2021
✅GSTR 3B filed upto MARCH 2021
✅GSTR 9/9C filed upto FY 19-20 ( if applicable)

👉GST
Check in Composition clients
✅ CMP 8 filed upto Q4
✅ GSTR 4 Filed Upto FY 20-21

👉GST (other matter)

✅ LUT Apply for 21-22( u can even later on when required)

✅ Selection of QRMP.. Opt in or Opt out from QRMP.. 30th April last date

✅ITC 4 To whom applicable.. Filed upto Q4 of FY 20-21

👉Income tax
Check in those clients where TDS applicable

✅ Payment of TDS till March 2021 Month
✅ TDS return filed for Q1 Q2 Q3
✅ prepare data for Q4.. As last date is 31-5

👉Income tax
Check in those clients whom TCS applicable

✅ Payment of TCS till March 2021
✅ TCS return for Q3 filed
✅ Prepare data for Q4.. As last date is 15-5

👉Income tax ( Other matter)
SFT filling to whom applicable . Last date 31-5

PS - due dates से ज्यादा health is important..work only to the extent U can take pressure.. Due dates will come and go.. Maintain Quality of health and work simultaneously

This check list only to make u 100% sure abt Completion of FY 20-21.. and making you relax abt FY 21-22

Income tax
Check in all clients whom TDS provisions applicable
✅ 15G/H filling for FY 20-21 in case of certain income where TDS not to be deducted
Last date 30-4-2021

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