Statutory Tax Compliance Tracker - June 2023

CS Lalit Rajput , Last updated: 08 June 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 May, 2023. However, all 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

07.06.2023

2.

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of April, 2023

14.06.2023

3

​​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of April, 2023

14.06.2023

4

​Due date for issue of TDS Certificate for tax deducted under section 194M in the month of April, 2023

14.06.2023

5

​Due date for issue of TDS Certificate for tax deducted under section 194S in the month of April, 2023

Note: Applicable in case of specified person as mentioned under section 194S

14.06.2023

6

​Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2023 has been paid without the production of a challan

15.06.2023

7

​Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March, 2023

15.06.2023

8

​First instalment of advance tax for the assessment year 2024-25

15.06.2023

9

​Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2022-23

15.06.2023

10

​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, 2023

15.06.2023

11

​Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the previous year 2022-23

15.06.2023

12

​Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund unde​r section 9A in respect of its activities in financial year 2022-23

29.06.2023

13

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of May, 2023​

30.06.2023

14

​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of May, 2023

30.06.2023

15

​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of May, 2023

30.06.2023

16

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of May, 2023

Note: Applicable in case of specified person as mentioned under section 194S

30.06.2023

17

​Return in respect of securities transaction tax for the financial year 2022-23

30.06.2023

18

​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2023​

30.06.2023

19

​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 2022-23

30.06.2023

20

​​Report by an approved institution/public sector company under section 35AC(4)/(5) for the year ending March 31, 2023

30.06.2023

21

​Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2022-23. This statement is required to be furnished to the unit holders in form No. 64B

30.06.2023

22

​Furnishing of Equalisation Levy statement for the Financial Year 2022-23

30.06.2023

23

Deadline for linking PAN with Aadhaar to avoid PAN becoming inoperative

Note: The deadline has been extended from March 31, 2023, to June 30, 2023, vide press release, dated 28-03-2023

30.06.2023

Statutory Tax Compliance Tracker - June 2023

2. Compliance Requirement under GST, 2017

A. Filing of GSTR 3B / GSTR 3B QRMP

a) Taxpayers having aggregate turnover >Rs. 5 Cr. in the preceding FY

Tax Period

Due Date

Particulars

May, 2023

20th June, 2023

  • Due Date for filling GSTR - 3B return for the month of May, 2023 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 the preceding FY (Group A)

Tax period

Due Date

 

Particulars

May, 2023

22nd June, 2023

 

Due Date for filling GSTR 3B return for the month of May, 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 upto Rs. 5 crores in the preceding FY (Group B)

Tax period

Due Date

 

Particulars

May, 2023

24th June, 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

(May, 2023)

11.06.2023

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 the succeeding month

20.06.2023

GSTR-6

Every Input Service Distributor (ISD)

13th of the succeeding month

13.06.2023

GSTR-7

Return for Tax Deducted at source to be filed by Tax Deductor

10th of the succeeding month

10.06.2023

GSTR-8

E-Commerce operator registered under GST liable to TCS

10th of the succeeding month

10.06.2023

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

13.06.2023

 

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.

25.06.2023

To read the full article: Click Here


Published by

CS Lalit Rajput
(Company Secretary)
Category Income Tax   Report

1 Likes   10259 Views

Comments


Related Articles


Loading