| Act | Particulars | Due Date |
| Income Tax Act, 1961 | Remittance of TDS & TCS for the month of May, 2011 | On or before 7th June, 2011 |
| Filing of TDS & TCS returns for the month of May, 2011 | On or before 15th June, 2011 | |
| Payment of Advance tax for Corporates - not less than 15% of estimated profit | On or before 15th June, 2011 | |
| Central Excise Act, 1944 | Remittance of duty by all type of units except SSIs in challan no. GAR- 7 | On or before 5th June, 2011 |
| Filing of monthly return by all type of units except SSIs in Form No. ER 1 | On or before 10th June, 2011 | |
| Filing of monthly returns by all types of units for CENVAT credits availed - Form No. ER 1 | On or before 10th June, 2011 | |
| Remittance of duty by SSIs in challan no. GAR- 7 | On or before 15th June, 2011 | |
| Filing of monthly returns by SSI/EOU/FTZ/SEZ in Form No.ER 2 | On or before 10th June, 2011 | |
| Filing of monthly returns by all units for receipt & consumption of inputs out of PLA where excise duty exceeding Rs. One crore in a year - Form No. ER 6 | On or before 10th June, 2011 | |
| Provident Fund Act | Pay P.F.Deductions for the month of May, 2011 | On or before 15th June, 2011 |
| Submit monthly return for the month of May, 2011 in Form 5 (along with Form 2, 10, 12 & 12A) | On or before 25th June, 2011 | |
| Submit monthly statement (for the month of April, 2011) IW-1 relating to details of Employees qualifying for membership as International workers along with Form 5 (for unexempted) /Form 4 PS (for exempted) | On or before 15th June, 2011 | |
| ESI Act | Make ESI payments for the month of May, 2011 | On or before 21st June, 2011 |
| Professional Tax | Submit Form 5 and pay Tax deducted from employees' salary/wages | On or before 20th June, 2011 |
| Service Tax | Payment of Service Tax for the month of May, 2011 | On or before 5th June, 2011 |
| Water Cess Act & Rules | Pay Water Cess and submit return for the month of May, 2011 | On or before 5th June, 2011 |
| Karnataka VAT Act | Remittance of sales tax for the month of May, 2011 | On or before 20th June, 2011 |
| STPI | Monthly return for the month of May, 2011 | On or before 7th June, 2011 |
Thursday, May 26, 2011
Statutory Compliances for the month of June, 2011
Monday, May 9, 2011
CBEC clarification of levy of service tax on assistance provided by VISA facilitators
The Central Board of Excise and Customs (CBEC) has issued circular on 20.04.2011 clarifying the Service tax liability on assistance provided by Visa facilitators to individuals for obtaining Visa. On examination of the issue, the CBEC clarified that the visa facilitators directly assists the individuals to procure visa and does not act on behalf of the embassies. Hence there is no relationship of Principal and Agent. Hence same cannot be considered as Business Auxiliary Service. The same cannot be considered as support service for business or commerce and such services does not fall under section 65(105) of the Finance Act, 1994 and service tax is not attracted.
CBEC clarification of levy of service tax on assistance provided by VISA facilitators
The Central Board of Excise and Customs (CBEC) has issued circular on 20.04.2011 clarifying the Service tax liability on assistance provided by Visa facilitators to individuals for obtaining Visa. On examination of the issue, the CBEC clarified that the visa facilitators directly assists the individuals to procure visa and does not act on behalf of the embassies. Hence there is no relationship of Principal and Agent. Hence same cannot be considered as Business Auxiliary Service. The same cannot be considered as support service for business or commerce and such services does not fall under section 65(105) of the Finance Act, 1994 and service tax is not attracted.
Sunday, May 8, 2011
Service Tax exemption to educational Coaching & Training Centers
Ministry of Finance, Government of India via notification no. 33/2011 dated 25.04.2011 exempted the pre-school coaching or training or any coaching or training leading to a grant of a Certificate of Degree/ diploma or any qualification recognized by the law for the time being in force, for levy of service Tax with effect from 01.05.2011.
Friday, May 6, 2011
Extension of coverage of ESI Act in Karnataka
The Department of Labour of the Karnataka Government has vide its notification dated 16th March, 2011 extended the provisions of the Employees State Insurance Act, 1948 to following establishments where ten or more persons employed or were employed in any day of the preceding twelve months.
1. Shops
2. Hotels
3. Restaurants
4. Road Motor Transport establishments
5. Cinemas
6. Newspaper establishments
7. Educational Institutions
8. Medical Institutions.
Statutory Compliances under Indirect Taxation for the month April, 2011
| Act | Particulars | Due Date |
| Income Tax Act, 1961 | Remittance of TDS & TCS for the month of April, 2011 | On or before 7th May, 2011 |
| Filing of TDS & TCS returns for the month of April, 2011 | On or before 15th May, 2011 | |
| Central Excise Act, 1944 | Remittance of duty by all type of units except SSIs in challan no. GAR- 7 | On or before 5th May, 2011 |
| Filing of monthly return by all type of units except SSIs in Form No. ER 1 | On or before 10th May, 2011 | |
| Filing of monthly returns by all types of units for CENVAT credits availed - Form No. ER 1 | On or before 10th May, 2011 | |
Remittance of duty by SSIs in challan no. GAR- 7 | On or before 15th May, 2011 | |
| Filing of monthly returns by SSI/EOU/FTZ/SEZ in Form No.ER 2 | On or before 10th May, 2011 | |
| Filing of monthly returns by all units for receipt & consumption of inputs out of PLA where excise duty exceeding Rs. One crore in a year - Form No. ER 6 | On or before 10th May, 2011 | |
| Provident Fund Act | Pay P.F.Deductions for the month of April, 2011 | On or before 15th May, 2011 |
| Submit monthly return for the month of April, 2011 in Form 5 (along with Form 2, 10, 12 & 12A) | On or before 25th May, 2011 | |
| Submit monthly statement (for the month of April, 2011) IW-1 relating to details of Employees qualifying for membership as International workers along with Form 5 (for unexempted) /Form 4 PS (for exempted) | On or before 15th May, 2011 | |
| ESI Act | Make ESI payments for the month ofApril, 2011 | On or before 21st May, 2011 |
| Professional Tax | Submit Form 5 and pay Tax deducted from employees' salary/wages | On or before 20th May, 2011 |
| Service Tax | Payment of Service Tax for the month of April, 2011 | On or before 5th May, 2011 |
| Water Cess Act & Rules | Pay Water Cess and submit return for the month of April, 2011 | On or before 5th May, 2011 |
| Karnataka VAT Act | Remittance of sales tax for the month of April, 2011 | On or before 20th May, 2011 |
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