Can I submit my application before my school councelor submits his recommendation and forms?
Yes
so it wont be bad if my School Report (transcript and such) and Counselor Recommendation wont be sent in on time of the deadline?
That wasn’t the question you asked. But the vast majority of schools allow leeway for items not under the student’s control like recs and transcripts. UMich is one school that does NOT give leeway. All items have to be in by the deadline.