Compliance Calendar for Aug- 23

INCOME TAX

▪ 7th Aug 2023- Due date for payment of TDS/TCS  for the month of July’23

▪ 14th Aug 2023- Due date for issue of TDS Certificate for tax deducted under section 194-IA/194-IA/194M in the month of June, 2023.

▪ 30th Aug 2023- Due date for Challan cum statement for  tax deducted under section 194-IA/194-IA/194M in the month of July, 2023.

Note :- 1) Extended due date for TDS return for Q1 (April- June’2023) for non salary and TCS return, is 30/09/2023.

2) Due date for Tax audit is 30.09.2023 for AY 23-24.

GST

▪ 1st Aug 2023- E invoicing applicable for entities with Turnover above 5cr.

▪ 11th Aug 2023-Due date of filling GSTR-1 for the month of July- 2023 who does not opt QRMP (Quarterly Return Filing and Monthly Payment of Taxes) Scheme under GST.

▪ 13th Aug 2023-Due date of filling of GSTR 1 (QRMP) who opted Scheme under GST.

▪ 20th Aug 2023- Due date of filling GSTR-3B by registered person filling monthly return for the month of July, 2023 (for Maharashtra and Chattisgarh state)

▪ 22nd Aug 2023- Due date of filling GSTR-3B by registered person filling quarterly return for qtr ended July, 2023 (for Maharashtra and Chattisgarh state)

Note :-  1) July-2023 GSTR-1 Return is appropriate opportunity to amend Sales Details for FY 2022-23. Confirm with Customers all Sales made during FY 2022-23 are appearing in their Portal, if any amendment or change is to be made.

2) Return for July-2023 is appropriate opportunity to claim eligible Input Tax Credit for Purchases/RCM Paid of FY 2022-23. Kindly ensure to reconcile GST Portal Purchase report GSTR-2A for FY 2022-23 and assure all Purchases from Suppliers are updated at GST Portal.

ESI/PF

▪ 15th Aug 2023- Due date for payment of Provident Fund, ESI contribution for employers who have paid wages to their employees for July -2023.

▪ 25th Aug 2023- Due date of filing of return for month of July-2023.

Note :-  PF contribution for employee portion if not paid within time, disallowed under Income tax.

PROFESSIONAL TAX

▪ 31st Aug 2023- Due date for payment of PT for the month of July’23 where tax liability is more than Rs.100,000/- (Monthly)

ROC

Roc Annual filing  is based upon AGM of the company held, due date for AGM is 30.09.2023