Corporate Compliance Calendar - February 2023

CS Lalit Rajput , Last updated: 13 February 2023
Share

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 January, 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	07.02.2023
2.	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of December, 2022	14.02.2023
3	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of December, 2022	14.02.2023
4	Due date for issue of TDS Certificate for tax deducted under section 194M in the month of December, 2022	14.02.2023
5	Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January, 2023 has been paid without the production of a challan	15.02.2023
	Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending December 31, 2022	15.02.2023

Corporate Compliance Calendar - February 2023

Important Notifications - For the month of January - 2023

Sl.	Particulars of the Notification(s)	File No. / Circular No.	Link(s)
1.	Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act,1961 in respect of dealership/distributorship contract in case of Co-operative Societies - reg.	Circular No. 25/2022	Click Here
2.	: Extension of time limit for compliance to be made for claiming any exemption underSection 54 to 54GB of the Income-tax Act,1961 (' Act') in view of the then-Covid-19 pandemic-reg.	Circular No. 1 of 2023	Click Here
3.	TheCentral Governmenthereby approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ …………….	[F. No. 203/02/2022/ITA-II]	Click Here
4.	TheCentral Government hereby approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ under the category of ‘University, College or Other Institution’	F. No. 203/02/2022/ITA-II	Click Here
5	TheCentralGovernment hereby specifies the pension fund, namely, the California Public Employees Retirement System (PAN:AAATC6038J), (hereinafter referred to as ―the assessee)	Notification No. 02/2023	Click Here

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
January, 2023	20th February, 2023	Due Date for filling GSTR - 3B return for the month of December, 2022 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year. Due Date for filling GSTR - 3B return for the quarter of January to March 2022 for the taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP.

b) Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period	Due Date	Particulars
January, 2023	22nd February, 2023	Due Date for filling GSTR - 3B return for the month of December, 2022 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 upto Rs. 5 crores in preceding FY (Group B)

Tax period

Due Date

Particulars

January, 2023

24thFebruary,

2023

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 (January, 2023)	11.02.2023	GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceding year. 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	20.02.2023
GSTR -6	Every Input Service Distributor (ISD)	13th of succeeding month	13.02.2023
GSTR -7	Return for Tax Deducted at source to be filed by Tax Deductor	10th of succeeding month	10.02.2023
GSTR -8	E-Commerce operator registered under GST liable to TCS	10th of succeeding month	10.02.2023

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.

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.
Summary of outward supplies by taxpayers who have opted for the QRMP scheme.

13th of succeeding month - Monthly

Quarterly Return

13.02.2023

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.	25.02.2023