Statutory Tax Compliance Tracker - March 2024

CS Lalit Rajput , Last updated: 04 March 2024  
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1. Compliance requirement under Income Tax act, 1961

Statutory Tax Compliance Tracker - March 2024

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Compliance Particulars

Due Dates

1

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

01.03.2024

2.

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

01.03.2024

3

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

01.03.2024

4

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

01.03.2024

5

​Due date for deposit of Tax deducted/collected for the month of February, 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

07.03.2024

6

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

15.03.2024

7

​Due date for payment of whole amount of advance tax in respect of assessment year 2024-25 for assessee covered under presumptive scheme of section 44AD / 44ADA

15.03.2024

8

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

15.03.2024

9

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

16.03.2024

10

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

16.03.2024

11

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

16.03.2024

12

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

16.03.2024

13

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

30.03.2024

14

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

30.03.2024

15

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

30.03.2024

16

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

30.03.2024

17

​Country-By-Country Report in Form No. 3CEAD for the previous year 2022-23 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

31.03.2024

18

​Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2022 to March 31, 2023) 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.

31.03.2024

19

​Uploading of statement [Form 67], of foreign income offered to tax and tax deducted or paid on such income in previous year 2022-23, to claim foreign tax credit [if return of income has been furnished within the time specified under section 139(1) or section 139(4)

31.03.2024

20

​Furnishing of an updated return of income for the Assessment Year 2021-22

31.03.2024

 

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

Feb., 2023

20th March, 2024

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

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

Tax period

Due Date

 

Particulars

Feb., 2023

22nd March, 2024

 

Due Date for filling GSTR - 3B return for the month of Feb., 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 preceding FY (Group B)

Tax period

Due Date

 

Particulars

Feb., 2023

24th March, 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

(Feb., 2023)

11.03.2024

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 succeeding month

20.03.2024

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.03.2024

GSTR -7

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

10th of succeeding month

10.03.2024

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.03.2024

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

13.03.2024

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.

25.03.2024

 

G. GSTR 11: Statement of inward supply of goods or services or both received by UIN holders - due date 28.03.2024

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.

Taxation Update: Taxpayers can opt for Composition Scheme for the Financial Year 2024-25 by accessing the GST Portal, which will be open upto March 31, 2024. Use Navigation 'Services -> Registration -> Application to Opt for Composition Levy', and file Form CMP-02.

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Published by

CS Lalit Rajput
(Company Secretary)
Category Income Tax   Report

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