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Statutory Tax Compliance Tracker: May 2024

CS Lalit Rajput , Last updated: 09 May 2024  
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1. Compliance requirement under Income Tax act, 1961

Statutory Tax Compliance Tracker: May 2024

Sl.

Compliance Particulars

Due Dates

1

​Due date for deposit of Tax deducted/collected for the month of April, 2024. 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

07.05.2024

2.

​​​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2024

15.05.2024

3

​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of March, 2024

15.05.2024

4

​Due date for issue of TDS Certificate for tax deducted under section 194M in the month of March, 2024

15.05.2024

5

​Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of March, 2024

15.05.2024

6

​Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2024 has been paid without the production of a challan​​

15.05.2024

7

​Quarterly statement of TCS deposited for the quarter ending March 31, 2024

15.05.2024

8

​Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of April, 2024

15.05.2024

9

​Submission of a statement (in Form No. 49C) by non-resident having a liaison office in India for the financial year 2023-24

30.05.2024

10

​​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of April, 2024

30.05.2024

11

​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of April, 2024

30.05.2024

12

​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of April, 2024

30.05.2024

13

​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of April, 2024

30.05.2024

14

​Issue of TCS certificates for the 4th Quarter of the Financial Year 2023-24​

30.05.2024

15

​Quarterly statement of TDS deposited for the quarter ending March 31, 2024

31.05.2024

16

​Return of tax deduction from contributions paid by the trustees of an approved superannuation fund​

31.05.2024

17

​​Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2023-24

31.05.2024

18

​​Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2023 by reporting financial institutions​

31.05.2024

19

​Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2023-24 and hasn't been allotted any PAN​

31.05.2024

20

​Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn't allotted any PAN

31.05.2024

21

​​Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on or before July 31, 2024)

31.05.2024

22

​​Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on or before July 31, 2024)

31.05.2024

23

​​Statement of donation in Form 10BD to be furnished by reporting person under section 80G(5)(iii) or section section 35(1A)(i) in respect of the financial year 2023-24​

31.05.2024

24

​​Certificate of donation in Form no. 10BE as referred to in section 80G(5)(ix) or section 35(1A)(ii) to the donor specifying the amount of donation received during the financial year 2023-24.​

31.05.2024

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

April 2023

20th May, 2024

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

 

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

Tax period

Due Date

 

Particulars

April 2023

22nd May, 2024

 

Due Date for filling GSTR-3B return for the month of April 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 up to Rs. 5 crores in the preceding FY (Group B)

Tax period

Due Date

 

Particulars

April 2023

24th May, 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

(April 2023)

11.05.2024

  • 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

20.05.2024

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.05.2024

GSTR -7

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

10th of succeeding month

10.05.2024

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.05.2024

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

13.05.2024

 

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.

25.05.2024

G. GSTR 11: Statement of inward supply of goods or services or both received by UIN holders due date 28.05.2024

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.

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

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

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Published by

CS Lalit Rajput
(Company Secretary)
Category Income Tax   Report

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