Statutory and Tax Compliance Calendar - March 2022

This Article contains compliance requirement under various statutory Act for which due date falls in the month of March 2022. The due dates are very crucial for compliances of statutory provision under various act in order to avoid penalty, interest or late fee.

Compliance under Income Tax Act

• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of January, 2022: 2^nd March, 2022
• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of January, 2022: 2^nd March, 2022
• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of January, 2022: 2^nd March, 2022
• Due date for deposit of Tax deducted/collected for the month of February, 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: 7^th March, 2022

15th March, 2022

• Fourth instalment of advance tax for the assessment year 2022-23
• Due date for payment of whole amount of advance tax in respect of assessment year 2022- 23 for assessee covered under presumptive scheme of section 44AD / 44ADA
• Due date for filing of return of income for the assessment year 2021-22 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A apply
• Return of income for the assessment year 2021-22 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)
• Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of January, 2022

17 March, 2022

• Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of January, 2022
• Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of January, 2022
• Due date for issue of TDS Certificate for tax deducted under section 194M in the month of January, 2022

30 March, 2022

• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of February, 2022
• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of February, 2022
• Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of February, 2022
• Due date for linking of Aadhaar number with PAN

31 March, 2022

• Country-By-Country Report in Form No. 3CEAD for the previous year 2020-21 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent of such group
• Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2020 to March 31, 2021) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc.
• Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before March 31, 2021)
• The due date for filing of belated/revised return of income for the assessment year 2021-22 has been extended to March 31, 2022 vide Circular no. 17/2021, dated 09-09-2021
• Filing of application in Form 10A for registration/provisional registration/intimation/approval/provisional approval of Trust, institutions or Research Associations, (which was required to be filed on or before 30-06-2021)
• The due date for filing of application in Form 10A has been extended to March 31, 2022 vide Circular no. 16/2021, dated 29-08-2021
• Filing of application in Form 10AB for conversion of provisional registration into regular registration or renewal of registration/approval after five year of registration/approval of Trust, institution, etc. (which was required to be filed on or before 28-02-2022)
• The due date for filing of application in Form 10AB has been extended to March 31, 2022 vide Circular 16/2021, dated 29-08-2021

Compliance Under Goods and Service Tax Act

• GSTR 7 TDS (Tax deducted at source) under GST: 10th March, 2022
• GSTR- 8 (TCS) under GST: 10th March, 2022
• GSTR- 1 whose turnover exceeds 5 Crore: 11th March, 2022
• GSTR- 1 Taxpayer opted to file monthly return: 11th March, 2022
• GSTR- IFF under QRMP Scheme: 13th March, 2022
• GSTR-6 Input Service Distributor: 13th March, 2022
• GSTR-5 Return for Non-Resident taxable Person: 20th March, 2022
• GSTR-5A Return for NRI, providing online information and database access or retrieval services to non-taxable person in India: 20th March, 2022
• GSTR - 3B Whose Turnover > Rs 5 Crore or have opted to file monthly return: 20 March, 2022
• GSTR - 3B (Opted to file under QRMP as per State Criteria): 22 & 24 March, 2022
• PMT - 06 Who has opted to file return under QRMP Scheme: 25th March, 2022
• GSTR - 11 Statement of inward supplies received by persons having Unique Identification Number (UIN): 28th March, 2022
• RFD - 11 Application for Letter of Undertaking( LUT) for FY 2022-23: 31st March, 2022
• CMP - 02 Intimation to pay tax under Composition Scheme during the FY 2022-23: 31st March, 2022

Compliances under ESI and PF Act

MCA has further extended the due dates for filing of e-forms AOC-4/ 4(CFS)/ 4(XBRL), 4(Non- XBRL) upto 15/03/2022 and for filing of e-forms MGT-7/ 7A upto 31/03/2022, without payment of any additional fee for the financial year 2020-21, however the normal fee shall be payable as applicable, vide General Circular 1/2022 dt. 14/02/2022.

Accordingly, the ROC annual return due date for FY 2020-21 stands extended for companies, without payment of additional fee, as under:

1. AOC-4, AOC-4 CFS, AOC-4 XBRL, AOC-4 Non-XBRL: 15/03/2022
2. MGT-7 and MGT-7A: 31/03/2022

Disclaimer: Every care has been taken in the preparation of this article to ensure its accuracy. The contents of this article are for information purposes only and do not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up.