“Tax Compliance Tracker – January, 2024”
1. Compliance requirement under Income Tax act, 1961
|
Sl. |
Compliance Particulars |
Due Dates |
|
1 |
Due date for deposit of Tax deducted/collected for the month of December, 2023. However, all the 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 |
07.01.2024 |
|
2. |
Due date for deposit of TDS for the period October 2023 to December 2023 when Assessing Officer has permitted quarterly deposit of TDS under 192, 194A, 194D or 194H |
07.01.2024 |
|
3 |
Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2023 |
14.01.2024 |
|
4 |
Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2023 |
14.01.2024 |
|
5 |
Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 2023 |
14.01.2024 |
|
6 |
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2023 has been paid without the production of a challan |
15.01.2024 |
|
7 |
Quarterly statement of TCS for the quarter ending December 31, 2023 |
15.01.2024 |
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8 |
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending Dec., 2023 |
15.01.2024 |
|
9 |
Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2023 |
15.01.2024 |
|
10 |
Quarterly TCS certificate in respect of quarter ending December 31, 2023 |
30.01.2024 |
|
11 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 2023 |
30.01.2024 |
|
12 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2023 |
30.01.2024 |
|
13 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of December, 2023 |
30.01.2024 |
|
14 |
Quarterly statement of TDS for the quarter ending December 31, 2023 |
31.01.2024 |
|
15 |
Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending Dec. 31, 2023 |
31.01.2024 |
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16 |
Intimation under section 286(1) in Form No. 3CEAC, by a resident constituent entity of an international group whose parent is non-resident |
31.01.2024 |
2. Compliance Requirement under GST, 2017
A) Filing of GSTR –3B / GSTR 3B QRMP
a) Taxpayers having aggregate turnover >Rs. 5 Cr. in preceding FY
| Tax period | Due Date | Particulars |
| Dec., 2023 | 20thJanuary,2024 | Due Date for filling GSTR – 3B return for the month of Dec, 2023 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year. |
b). Taxpayers having aggregate turnover uptoRs. 5 crores in preceding FY (Group A)
| Tax period | Due Date | Particulars | |
| Dec., 2023 | 22ndJanuary,2024 | Due Date for filling GSTR – 3B return for the month of Jan., 2023 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B | |
| Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep | |||
c). Taxpayers having aggregate turnover uptoRs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | Particulars | |
| Dec., 2023 | 24thJanuary,2024 | Annual Turnover Up to INR 5 Cr in Previous FY But Opted Quarterly Filing | |
| Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi | |||
B. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return(Dec., 2023) | 11.01.2024 | 1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceding year.
2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP. |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
| Form No. | Compliance Particulars
|
Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month |
20.01.2024 |
|
GSTR -6 |
Every Input Service Distributor (ISD) | 13th of succeeding month |
13.01.2024 |
|
GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor | 10th of succeeding month |
10.01.2024 |
|
GSTR -8 |
E-Commerce operator registered under GST liable to TCS | 10th of succeeding month |
10.012.2024 |
D. GSTR – 1 QRMP monthly / Quarterly return
| Form No. | Compliance Particulars | Timeline | Due Date |
| Details of outward supply-IFF &
Summary of outward supplies by taxpayers who have opted for the QRMP scheme.
|
a) GST QRMP monthly return due date for the month of April, 2022 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore
b) Summary of outward supplies by taxpayers who have opted for the QRMP scheme. |
13th of succeeding month – Monthly
Quarterly Return |
13.01.2024 |
E. GST Refund:
| Form No. | Compliance Particulars | Due Date |
| RFD -10 | Refund of Tax to Certain Persons | 18 Months after the end of quarter for which refund is to be claimed |
F. Monthly Payment of GST – PMT-06:
|
Compliance Particular |
Due Date |
| Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
25.01.2024 |
G. GSTR 11: Statement of inward supply of goods or services or both received by UIN holders – due date 28.01.2024
GSTR-11 is the return to be filed by the persons who have been issued a Unique Identity Number and claims a refund of the taxes paid on their inward supplies.
Due date:Must be filed by the 28th of the month following the month in which inward supply is received by the UIN holders.
H. Monthly Payment of GST -CMP-08:
| Compliance Particular | Due Date |
| Form GST CMP-08 is used to declare the details or summary of self-assessed tax payable by taxpayers who have opted for a composition levy.
Period: Oct-Dec, 2023 |
18.01.2024 |
I. Please note: GST Amnesty scheme appeals applicable till January 31, 2024
In a bid to assist taxpayers grappling with Goods and Services Tax (GST) issues, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a significant amnesty scheme. This initiative allows specified GST taxpayers to lodge appeals against GST tax demand orders until January 31, 2024.
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