Corporate Compliance Calendar for January, 2022

1. Compliance requirement under Income Tax act, 1961

  Sl.  Compliance Particulars  Due Dates  
1Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.07.01.2022
2.Due date for deposit of TDS for the period October 2021 to December 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, section 194A, section 194D or section 194H.    07.01.2022
  3Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2021.     14.01.2022
  4Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2021.     14.01.2022
5Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 2021.       14.01.2022
    6Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021) – extended date  15.01.2022
  7Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2021 has been paid without the production of a challan.    15.01.2022
8.Quarterly statement of TCS for the quarter ending December 31,2021.15-01-2022
9.Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending December, 2021.15-01-2022
10.Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2021.15-01-2022
11.Quarterly TCS certificate in respect of quarter ending December 31, 2021.30-01-2022
12.Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 2021.30-01-2022
13.Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2021.30-01-2022
14.Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of December, 2021.30-01-2022
15.Quarterly statement of TDS for the quarter ending December 31, 2021.31-01-2022
16.Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2021.31-01-2022
17.Intimation under section 286(1) in Form No. 3CEAC, by a resident constituent entity of an international group whose parent is non-resident.31-01-2022
18.Audit report under section 44AB for the assessment year 2021-22 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E.   The due date for furnishing of audit report for Assessment Year 2021-22 has been extended from October 31, 2021 to November 30, 2021 vide Circular no. 9/2021, dated 20-05-2021.   The due date for furnishing of audit report for Assessment Year 2021-22 has been further extended from November 30, 2021 to January 31, 2022 vide Circular no. 17/2021, dated 09-09-2021.31-01-2022

Income Tax Due Date – Extensions

Sl.Nature of ExtensionProvisions / Forms of IT Act 1961Earlier  Due DateExtended Due Date
1The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc.,Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act    30.06.2021    31.03.2022
2Return 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)    under section 92E    31.12.202128.02.2022
  3Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before December 31, 2021).Belated/revised return of income for the assessment year 2021-2231.01.202231.03.2022

2. Compliance Requirement under GST, 2017

  • Filing of GSTR –3B

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax periodDue DateNo interest payable tillParticulars
December, 202120thJanuary, 2022Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax periodDue DateNo interest payable tillParticulars
December, 202122ndJanuary, 2022 Due Date for filling GSTR – 3B return for the month of June, 2021 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 upto Rs. 5 crores in preceding FY (Group B)

Tax periodDue DateNo interest payable tillParticulars
December, 202124thJanuary, 2022  

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

D. Filing Form GSTR-1

Tax periodDue DateRemarks
Monthly return (December, 2021)11.01.2022“1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceeding year.   2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP”

E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.Compliance ParticularsTimeline Due Date
GSTR-5 & 5ANon-resident ODIAR services provider file Monthly GST Return20th of succeeding month           20.01.2022
  GSTR -6Every Input Service Distributor (ISD)  13th of succeeding month  13.01.2022
  GSTR -7Return for Tax Deducted at source to be filed by Tax Deductor  10th of succeeding month  10.01.2022
  GSTR -8E-Commerce operator registered under GST liable to TCS10th of succeeding month10.01.2022

F. GSTR – 1 QRMP monthly / Quarterly return

Form No.Compliance ParticularsTimeline 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 December, 2021 (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        13.01.2022

G. GST Refund

Form No.Compliance ParticularsDue Date  
RFD -10Refund of Tax to Certain Persons18 Months after the end of quarter for which refund is to be claimed
  • Other Returns
Form No.Compliance ParticularsTimeline Due Date
    CMP-08Quarterly challan-cum-statement to be furnished by composition taxpayers. Oct-Dec’21.          Quarterly – Oct. to Dec 2021    18.01.2022
  • Annual Returns
Form No.Compliance ParticularsDue Date
    GSTR – 9GSTR-9 is Annual Return applicable for registered person with aggregate turnover exceeding INR 2 Crores during the F.Y. 2020-21. However, registered person with aggregate turnober upto INR 2 Crores have option to file GSTR-9.    28.02.2021
  GSTR – 9CGSTR-9C is reconciliation statement applicable for registered person with aggregate turnover exceeding INR 5 Crores during the F.Y. 2020-21.  28.02.2021

Major Update:

  • The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login henceforth.
  • Taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it.
  • Aadhaar authentication of registered person is mandatory for filing of Refund/Revocation of cancelled registration applications w. e. from 1.1.2022.

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.