January’s Statutory Compliances under Income Tax
As per the Income Tax Act 1961, there are some of the monthly compliances which are necessary to adhere to. Let us know what all are statutory compliances under Income Tax every incometax taxpayer shall obey to.
- 07.01.2023
The due date for depositing Tax deducted/collected for the month of December 2022.
- 07.01.2023
The due date for the deposit of TDS for the period of October 2022 to December 2022.
- 14.01.2023
The due date for issuing of TDS Certificate for tax deducted under Section 194-IA in the month of November 2022.
- 14.01.2023
The due date for issue of TDS Certificate for tax deduced under Section 194-IB in the month of November 2022.
- 14.01.2023
The due date for issue of TDS Certificate for tax deducted under Section 194M in the month of November, 2022.
- 15.01.2023
The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December 2022 has been paid without the production of a challan.
- 15.01.2023
The due date for furnishing quarterly statement of TCS for the quarter ending December 31, 2022.
- 15.01.2023
The due date of filing quarterly statement in respect of Foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending December 2022.
- 15.01.2023
The due date for furnishing of Form 15G/15H for declarations received during the quarter ending December 2022.
- 30.01.2023
The due date of the quarterly TCS certificate in respect of quarter ending December 31,2022.
- 30.01.2023
The due date of furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December 2022.
- 30.01.2023
The due date of furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December 2022.
- 30.01.2023
The due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194M in the month of December 2022.
- 31.01.2023
The due date for the quarterly statement of TDS for the quarter ending December 31, 2022.
- 31.01.2023
The due date for the quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31.2022.
- 31.01.2023
The due date for filing Intimation under Section 286(1) in Form No. 3CEAC by a resident constituent entity of an international group whose parent is a non-resident.
January’s Statutory Compliances under GST
After knowing about Income Tax Compliance, let us now jump to the GST Compliances for the month of January 2023.
- 20.01.2023
The due date for filing GSTR 3B return for the month of December 2022 for taxpayers having aggregate turnover exceeding Rs. 5 crores during previous year.
The due date for filing GSTR 3B return for the quarter of January to March 2022 for taxpayers having aggregate turnover up to Rs. 5 crores during the previous year and who opted for quarterly filing of return under QRMP.
- 22.01.2023
The due date for filing GSTR 3B return for the month of December, 2022 for taxpayers with aggregate turnover up to Rs. 5 crores during the previous year and also for those opted for Quarterly filing of GSTR-3B.
This due date of GST Return Filing is applicable to states like 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.
- 24.01.2023
This due date is applicable on taxpayers having aggregate turnover up to Rs.5 crore in the previous financial year and however have opted for quarterly filing.
This date is applicable on states naming, 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
- 11.01.2023
It is the due date of filing monthly Form GSTR-1 for the month of December 2022. It is applicable to those registered taxpayers having aggregate turnover Rs. 5 crores during the preceding year.
Also, for registered persons with aggregate turnover of less than Rs. 5 crores during the preceding year and opted for monthly filing of return under QRMP.
- 20.01.2023
The non-residents providing OIDAR Services are required to file monthly GST Return i.e. GSTR 5 &5A.So, for this, the due date stands to be 20th of the succeeding month.
- 13.01.2023
Every Input Service Distributor (ISD) being a non-resident is required to file GSTR 6 on 13th of succeeding month.
- 10.01.2023
GSTR 7 is required to be filed by a non-resident being tax deductor to file return for Tax Deducted at source. And for this, the due date is said to be 10th of the succeeding month.
- 10.01.2023
Every e-commerce operator registered under the GST regime is liable to pay TCS. So, for filing TCS the due date is said to be the 10th of the succeeding month for which GSTR 8 is form filed.
- 13.01.2023
Taxpayers having aggregate turnover up to Rs. 1.50 crore shall be required to file GST QRMP monthly returns. Under this form, details of outward supply-IFF are to be reported.
In addition to it, a summary of outward supplies by taxpayers who have opted for the QRMP scheme. It is a GSTR -1 QRMP quarterly filed return by those taxpayers falling under the QRMP scheme.
- 25.01.2023
It is the due date for making the GST payment which is applicable on taxpayers having aggregate turnover up to Rs. 5 crores during the previous year and who has opted for quarterly filing of return under QRMP.
This was all about the January due dates that are necessary for every GST and income taxpayer to know. Stay connected with EAdvisors and learn of the new updates. Also, if you are interested in taking our services of GST Return Filing and Income Tax Return Filing, then do drop us mail so that we can help you in every possible manner.
Disclaimer: Every step has been taken to provide the readers with the appropriate information. However, if any error arises from our side, it must be reported to us suddenly so that it doesn’t get repeated further. Also, no liability shall be on us where any damage arises to anyone from the information given above.
