As we step into April 2024, businesses across India are gearing up to fulfill their compliance obligations.
To ensure smooth operations and adherence to regulatory requirements, here's a comprehensive overview of the key compliance due dates for this month:
- TCS Payment: Deadline for depositing tax collected by assesses (excluding government offices) for the month of March 2024.
- TDS/TCS Payment – Government Office: Due date for depositing tax deducted/collected by government offices for March 2024.
- GSTR-7: Submission of the Summary of Tax Deducted at Source (TDS) under GST regulations for March 2024.
- GSTR-8: Submission of the Summary of Tax Collected at Source (TCS) and Deposited by E-Commerce Operators under GST Laws for March 2024.
- GSTR-1: Submission of the summary of outward supplies for taxpayers with turnover exceeding Rs. 5 crore or those not under the QRMP plan for the quarter of January to March 2024.
- GSTR-6: Monthly return for Input Service Distributors (ISDs) providing information about their inward supply and disbursed Input Tax Credit (ITC).
- GSTR-1 for QRMP: Summary of outbound supply by taxpayers who choose the QRMP scheme.
- GSTR-5: Summary of outward taxable supplies and taxes owed by a non-resident taxable person.
- Form No. 15CC: Quarterly statement in relation to overseas remittances for the quarter ending March 2024.
- Form No. 3BB: Due date for providing a statement by a stock exchange for March 2024.
- PF and ESIC: Payment of PF and ESIC deductions for March 2024 salary.
- CMP-08: Quarterly challans and statements for Composition dealers.
- GSTR-5A: Summary of outward taxable supplies and tax owed by individuals providing OIDAR services.
- GSTR-3B: Summary of outward supplies, ITC claimed, and net tax payable for taxpayers with turnover > Rs. 5 crore or not under QRMP for Jan-Mar quarter 2024.
- GSTR-3B – QRMP 1: Self-declared summary GST return filed by certain states and union territories.
- GSTR-3B – QRMP 2: Self-declared summary GST return filed by certain states and union territories.
- ITC-04: Summary of Goods supplied to or received from a job-worker for taxpayers with AATO > Rs. 5 crore (half-yearly).
- Form 24G: Submission of Form 24G by a government office where TDS/TCS for March 2024 has been paid without a challan.
- Form 15G/15H: Due date for submitting Form 15G/15H declarations received during the quarter ending March 2024.
- TDS Pay: Due date for filing challan-cum-statement for tax deducted under specified sections for March 2024.
- TDS Payment: Deadline for depositing tax deducted by assesses (excluding government offices) for March 2024.
- TDS Payment – AO: Permitted due date for depositing TDS for the period Jan-Mar 2024 when quarterly deposit is permitted by the Assessing Officer.
- Form No. 61: Due date for electronic filing of a declaration including particulars of Form No. 60 received between Oct 1, 2023, and Mar 31, 2024.
- GSTR-4: Yearly Return for taxpayers who opted for the composition scheme.
- Form MSME-1: Half-yearly return regarding outstanding payments to MSMEs.
These due dates are crucial for maintaining compliance and avoiding penalties. Businesses are advised to mark their calendars and ensure timely submission of required documents to stay on the right side of the law.
In case you find any discrepancies, please write to us at [email protected]
