CS Lalit Rajput
Quick Summary
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 April, 2023. However, all sum deducted/collected by a
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FAQ :
Key Income Tax deadlines in May 2023 include the deposit of TDS/TCS for April, issuing TDS certificates for various sections (194-IA, 194-IB, 194M, 194S) for March, furnishing Form 24G for April, and submitting quarterly TCS statements for the quarter ending March 31, 2023, all by May 15th. Other deadlines include furnishing statements in Form 49C by May 30th and various challan-cum-statements and certificate issuances by May 30th and May 31st.
For taxpayers with an aggregate turnover exceeding Rs. 5 Cr in the preceding FY, the GSTR-3B for April 2023 is due on May 20th. For those with turnover up to Rs. 5 Cr opting for quarterly filing, the due dates are May 22nd for Group A states and May 24th for Group B states.
The deadline for filing GSTR-1 for the monthly return for April 2023 is May 11, 2023. This applies to registered persons with an aggregate turnover exceeding INR 5 Crores in the preceding year, and those with turnover less than INR 5 Crores who have opted for monthly filing under QRMP.
Yes, non-resident taxpayers (GSTR-5 & 5A) must file their monthly GST return by the 20th of the succeeding month (May 20th for April). Input Service Distributors (ISD) filing GSTR-6 have a deadline of the 13th of the succeeding month (May 13th), while those deducting tax (GSTR-7) and e-commerce operators liable for TCS (GSTR-8) must file by the 10th of the succeeding month (May 10th).
The deadline for submitting Form GST ITC-03 is May 31st. The monthly payment of GST via PMT-06 for taxpayers opting for quarterly filing under QRMP is due by May 25th. The deadline for claiming GST refunds via RFD-10 is 18 months after the end of the quarter for which the refund is claimed.
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