Statutory Tax Compliance Tracker for May, 2023 explains Compliance requirement under Income Tax act, 1961 and Compliance Requirement under GST, 2017 for the Month of May, 2023.
- Compliance requirement under Income Tax act, 1961
| Sl. | Compliance Particulars | Due Dates |
| 1 | Due date for deposit of Tax deducted/collected for the month of April, 2023. 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 | 15.05.2023 |
| 2. | Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2023 | 15.05.2023 |
| 3 | Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of March, 2023 | 15.05.2023 |
| 4 | Due date for issue of TDS Certificate for tax deducted under section 194M in the month of March, 2023 | 15.05.2023 |
| 5 | Due date for issue of TDS Certificate for tax deducted under section 194S in the month of March, 2023 Note: Applicable in case of specified person as mentioned under section 194S | 15.05.2023 |
| 6 | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2023 has been paid without the production of a challan | 15.05.2023 |
| 7 | Quarterly statement of TCS deposited for the quarter ending March 31, 2023 | 15.05.2023 |
| 8 | Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of April, 2023 | 15.05.2023 |
| 9 | Submission of a statement (in Form No. 49C) by non-resident having a liaison office in India for the financial year 2022-23 | 30.05.2023 |
| 10 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of April, 2023 | 30.05.2023 |
| 11 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of April, 2023 | 30.05.2023 |
| 12 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of April, 2023 | 30.05.2023 |
| 13 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of April, 2023 Note: Applicable in case of specified person as mentioned under section 194S | 30.05.2023 |
| 14 | Issue of TCS certificates for the 4th Quarter of the Financial Year 2022-23 | 30.05.2023 |
| 15 | Quarterly statement of TDS deposited for the quarter ending March 31, 2023 | 31.05.2023 |
| 16 | Return of tax deduction from contributions paid by the trustees of an approved superannuation fund | 31.05.2023 |
| 17 | Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2022-23 | 31.05.2023 |
| 18 | Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2022 by reporting financial institutions | 31.05.2023 |
| 19 | Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2022-23 and hasn’t been allotted any PAN | 31.05.2023 |
| 20 | Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN | 31.05.2023 |
| 21 | Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on or before July 31, 2023) | 31.05.2023 |
| 22 | Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on or before July 31, 2023) | 31.05.2023 |
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 period | Due Date | Particulars |
| April, 2023 | 20th May, 2023 | Due Date for filling GSTR – 3B return for the month of April, 2023 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 period | Due Date | Particulars | |
| April, 2023 | 22nd May, 2023 | Due Date for filling GSTR – 3B return for the month of April, 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 upto Rs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | Particulars | |
| April, 2023 | 24th May, 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 period | Due Date | Remarks |
| Monthly return (April, 2023) | 11.05.2023 | 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 | 20.05.2023 |
| GSTR -6 | Every Input Service Distributor (ISD) | 13th of succeeding month | 13.05.2023 |
| GSTR -7 | Return for Tax Deducted at source to be filed by Tax Deductor | 10th of succeeding month | 10.05.2023 |
| GSTR -8 | E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.05.2023 |
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 | 13.05.2023 |
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. | 25.05.2023 |
G. Form GST ITC-03
| Compliance Particular | Due Date |
| Form GST ITC-03 is to be submitted within 60 days from the commencement of the relevant financial year when registered person opts to pay tax under section 10. | 31.05.2023 |
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