Corporate Compliance Calendar for the m/o June, 2022

CS Lalit Rajput , Last updated: 07 June 2022
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1. Compliance requirement under Income Tax act, 1961

Sl.	Compliance Particulars	Due Dates
1	Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month (May, 2022).	07.06.2022
2.	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of April, 2022	14.06.2022
3	Due date for issue of TDS Certificate for tax deducted under section 194M in the month of April, 2022	14.06.2022
4	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of April, 2022	14.06.2022
5	Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2022 has been paid without the production of a challan	15.06.2022
6	Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March, 2022	15.06.2022
7	First instalment of advance tax for the assessment year 2023-24	15.06.2022
8	Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2021-22	15.06.2022
9	Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of May, 2022	15.06.2022
10	Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the previous year 2021-22	15.06.2022
11	Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in financial year 2021-22	29.06.2022
12	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of May, 2022 Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of May, 2022 Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of May, 2022	30.06.2022
13	Return in respect of securities transaction tax for the FY 2021-22	30.06.2022
13	Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending 31.03.2022	30.06.2022
15	Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2021-22	30.06.2022
16	Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2021-22. This statement is required to be furnished to the unit holders in form No. 64B	30.06.2022
17	Furnishing of Equalisation Levy statement for the Financial Year 2021-22	30.06.2022
18	Report by an approved institution/public sector company under section 35AC(4)/(5) for the year ending March 31, 2022	30.06.2022
19	Return in respect of securities transaction tax for the financial year 2021-2022.	30.06.2022

Corporate Compliance Calendar for the m/o June, 2022

Important Notifications - For the month of May - 2022

Sl.	Particulars of the Notification(s)	File No. / Circular No.	Link(s)
1.	TheCentralGovernment hereby notifies the following countries and specified territories,	Notification No. 46/2022	Click Here
2.	The Income-tax (Eleventh Amendment)Rules, 2022.	Notification No. 48/2022	Click Here
3.	The Income-tax (Twelfth Amendment)Rules, 2022.	Notification No. 49/2022	Click Here
4.	The Income-tax (Fourteenth Amendment) Rules, 2022	Notification No. 51/2022	Click Here
5	The Income-tax (Fifteenth Amendment) Rules,2022.	Notification No. 53/2022	Click Here
6	Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961 - reg	Circular No. 9 of 2022	Click Here
7	Circular regarding use of functionality under section 206AB and 206CCA ofthe Income-tax Aci, 1961 - reg.	Circular No. 10 of 2022	Click Here
8	The Income- tax (Fifteenth Amendment) Rules,2022	Notification No. 53/2022	Click Here
9	TheFaceless Penalty (Amendment)Scheme, 2022	Notification No. 54/2022	Click Here
10	Giving effect to the Faceless Penalty (Amendment) Scheme, 2022	Notification No. 55/2022	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
May, 2022	20^thJune, 2022	Due Date for filling GSTR - 3B return for the month of June, 2021 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
May, 2022	22^nd June, 2022	Due Date for filling GSTR - 3B return for the month of June, 2021 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
May, 2022	24^thJune, 2022	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

(May, 2022)

11.06.2022

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	20.06.2022
GSTR -6	Every Input Service Distributor (ISD)	13th of succeeding month	13.06.2022
GSTR -7	Return for Tax Deducted at source to be filed by Tax Deductor	10th of succeeding month	10.06.2022
GSTR -8	E-Commerce operator registered under GST liable to TCS	10th of succeeding month	10.06.2022

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

13.06.2022

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. GSTR - 3B -Tax Liability Payment

Compliance Particular	Due Date
Due Date for Payment of Tax Liability for the taxpayer with Aggregate turnover up to INR 5 crores during previous year and who has opted for Quarterly filing of return under QRMP.	25.06.2022

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Published by

CS Lalit Rajput
(Company Secretary)
Category Corporate Law Report