Statutory Tax Compliance Tracker: March 2024

CS Lalit Rajput | Last updated: 01 April 2024

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This tracker outlines the key tax compliance deadlines for March 2024, covering both Income Tax and GST regulations. It details due dates for TDS deposits and certificate issuances under the Income Tax Act, 1961, as well as various GST return filings like GSTR-3B and GSTR-1, catering to different turnover thresholds and filing frequencies. Ensure you don't miss any crucial dates to maintain compliance.

1. Compliance requirement under Income Tax act, 1961

Tax Compliance Deadlines: March 2024 - Your Essential Tracker

Sl.	Compliance Particulars	Due Dates
1	Due date for deposit of Tax deducted/collected by an office of the government for the month of March, 2024. However, all sum deducted 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	07.04.2024
2.	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of February, 2024	14.04.2024
3	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of February, 2024	14.04.2024
4	Due date for issue of TDS Certificate for tax deducted under section 194M in the month of February, 2024	14.04.2024
5	Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of February, 2024	14.04.2024
6	Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending March, 2024	15.04.2024
7	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 March, 2024	15.04.2024
8	Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of March, 2024 has been paid without the production of a challan	30.04.2024
9	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of March, 2024	30.04.2024
10	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of March, 2024	30.04.2024
11	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of March, 2024	30.04.2024
12	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of March, 2024	30.04.2024
13	Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2024	30.04.2024
14	Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2023 to March 31, 2024	30.04.2024
15	Due date for uploading declarations received from recipients in Form. 15G/15H during the quarter ending March, 2024	30.04.2024
16	Due date for deposit of TDS for the period January 2024 to March 2024 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H	30.04.2024

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
Mar, 2023	20th April, 2024	Due Date for filling GSTR - 3B return for the month of Mar, 2023 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year.

b) Taxpayers having aggregate turnover uptoRs. 5 crores in the preceding FY (Group A)

Tax period	Due Date	Particulars
Mar, 2023	22nd April, 2024	Due Date for filling GSTR-3B return for the month of March 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 the preceding FY (Group B)

Tax period	Due Date	Particulars
Mar., 2023	24th April, 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

(Mar., 2023)

11.04.2024

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	20.04.2024
GSTR-6	Every Input Service Distributor (ISD)	13th of succeeding month	13.04.2024
GSTR-7	Return for Tax Deducted at source to be filed by Tax Deductor	10th of succeeding month	10.04.2024
GSTR-8	E-Commerce operator registered under GST liable to TCS	10th of succeeding month	10.04.2024

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.	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	13.04.2024

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.	25.04.2024

G. GSTR 11: Statement of inward supply of goods or services or both received by UIN holders - due date 28.04.2024

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: Jan - Mar, 2024

18.04.2024

The author can also be reached at cslalitrajput@gmail.com

FAQ :

Key Income Tax deadlines include the deposit of tax deducted/collected by government offices by April 7, 2024, and the issuance of TDS certificates for various sections (194-IA, 194-IB, 194M, 194S) by April 14, 2024. Other deadlines in April include furnishing Form 15CC, Form 3BB, Form 24G, and challan-cum-statements for TDS sections, along with declarations in Form 61 and Form 15G/15H.

For taxpayers with an aggregate turnover exceeding Rs. 5 crores in the preceding FY, the GSTR-3B filing due date for March 2023 is April 20, 2024. For those with turnover up to Rs. 5 crores opting for quarterly filing, the due dates are April 22, 2024 (Group A states) and April 24, 2024 (Group B states).

The due date for filing GSTR-1 for March 2023 is April 11, 2024, for registered persons with an aggregate turnover exceeding INR 5 Crores in the preceding year, and also for those with less than INR 5 Crores who have opted for monthly filing under QRMP.

For taxpayers with an aggregate turnover up to INR 5 crores during the previous year who have opted for quarterly filing under QRMP, the monthly payment of GST (Form PMT-06) is due by April 25, 2024.

The due date for filing Form GST CMP-08, which is used by taxpayers under the composition levy to declare their self-assessed tax payable for the period January to March 2024, is April 18, 2024.

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About the Author

CS Lalit Rajput

Company Secretary

Company Secretary having 8+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. Have a keen interest in the Corporate Governance and Compliance Management and the soaring craving to learn everyday. A ... Read more

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Statutory Tax Compliance Tracker: March 2024

1. Compliance requirement under Income Tax act, 1961