Tax Compliance Tracker – January, 2023

Statutory Tax Compliance Tracker for January, 2023 explains Compliance requirement under Income Tax act, 1961 and Compliance Requirement under GST, 2017 for the Month of January, 2023.

Tax Compliance Tracker – January, 2023

  Sl.  Compliance Particulars      Due Dates  
1Due date for deposit of Tax deducted/collected for the month of December, 2022. However, all the 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 Challan07.01.2023
  2.​Due date for deposit of TDS for the period October 2022 to December 2022 when Assessing Officer has permitted quarterly deposit of TDS under section 192, section 194A, section 194D or section 194H07.01.2023
3​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 202214.01.2023
4​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 202214.01.2023
5​Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 202214.01.2023
  6​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
7​Quarterly statement of TCS for the quarter ending December 31, 202215.01.2023
8​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
9​Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 202215.01.2023
10​Quarterly TCS certificate in respect of quarter ending December 31, 202230.01.2023
11​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 202230.01.2023
12​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2022​30.01.2023
13Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of December, 2022​30.01.2023
14​​Quarterly statement of TDS for the quarter ending December 31, 202231.01.2023
15​Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 202231.01.2023
16​Intimation under section 286(1) in Form No. 3CEAC, by a resident constituent entity of an international group whose parent is non-resident​31.01.2023

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 periodDue DateParticulars
December, 202220th January, 2023Due Date for filling GSTR – 3B return for the month of December, 2022 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year.   Due Date for filling GSTR – 3B return for the quarter of January to March 2022 for the taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP.  

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

Tax periodDue Date Particulars
December, 202222nd January, 2023 Due Date for filling GSTR – 3B return for the month of December, 2022 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 Date Particulars
December, 202224th January, 2023 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 periodDue DateRemarks
Monthly return (December, 2022)11.01.20231. 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.
Form No.Compliance ParticularsTimeline Due Date
GSTR-5 & 5ANon-resident ODIAR services provider file Monthly GST Return20th of succeeding month           20.01.2023
  GSTR -6Every Input Service Distributor (ISD)  13th of succeeding month  13.01.2023
  GSTR -7Return for Tax Deducted at source to be filed by Tax Deductor  10th of succeeding month  10.01.2023
  GSTR -8E-Commerce operator registered under GST liable to TCS10th of succeeding month10.01.2023

D. 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 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    13.01.2023

E. 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

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.  25.01.2023

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.

Leave a Comment

Your email address will not be published. Required fields are marked *