Compliance Calendar for the month of December 2023 As we approach the final month of 2023, December brings not just festive cheer but also important financial obligations for businesses and individuals alike. In the Compliance Calendar for December 2023, we spotlight three key elements demanding attention: the filing of GST returns, the issuance of TDS certificates, and the submission of revised income tax returns for the assessment year 2023-24. Stay tuned for a detailed guide on navigating these essential compliance tasks. Compliance Calendar for the Month of December 2023 Important due dates for the GST Returns in the Month of December, 2023 Due date Form to be filed Period Who should file? 11.12.2023 GSTR 1 November 2023 Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return. 13.12.2023 GSTR 1 (IFF) November 2023 GST return for the taxpayers who opted for QRMP scheme (Optional) 20.12.2023 GSTR 3B November 2023 The statutory due date for GSTR-3B having an Annual Turnover of more than 5 Crores. 25.12.2023 GST Challan Payment November 2023 If there is insufficient ITC for the month of November, pay the GST Challan (for all Quarterly Filers). 31.12.2023 GSTR 9 & 9C FY 2022-23 Filling the GST Annual Return (GSTR-9 & 9C) for Financial Year 2022–2023. Important due dates for the Income Tax Return/ PF / ESI in the Month of December, 2023 07.12.2023 Challan No. ITNS-281 November 2023 Payment of TDS/TCS deducted /collected in November 2023. 10.12.2023 Professional Tax November 2023 Professional Tax (PT) on salaries for the month of November, 2023 15.12.2023 TDS Certificate October 2023 The statutory Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of October, 2023. 15.12.2023 TDS Certificate October 2023 Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of October, 2023. 15.12.2023 TDS Certificate October 2023 Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of October, 2023. 15.12.2023 TDS Certificate October2023 Due date for issue of TDS Certificate for tax deducted under section 194S in the month of October, 2023. Note: Applicable in case of specified person as mentioned under section 194S. 15.12.2023 Form 24G by Government officer November 2023 The statutory Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November, 2023 has been paid without the production of a challan. 15.12.2023 Form No. 3BB November 2023 Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of November, 2023. 15.12.2023 Advance Tax Installment AY 2024-25 The third advance tax installment is due for the assessment year 2024–2025. 15.12.2023 PF & ESI Payment November2023 Provident Fund & ESI Returns for the month of November, 2023. 30.12.2023 TDS Certificate November 2023 Due date for issue of TDS Certificate for tax deducted under section 194S in the month of November, 2023. Note: Applicable in case of specified person as mentioned under section 194S. 30.12.2023 TDS Payment November 2023 TDS Payment for the month of November 2023 in Forms 26QB (Property), 26QC (Rent), and 26QD (Contractor Payments). 30.12.2023 Form No. 3CED --- The submission of the report in Form No. 3CEAD for the reporting accounting year (which, if it is January 1, 2022–December 31, 2022, is assumed) in respect of the international group of which it is a constituent by a constituent entity that resides in India, provided that the parent entity is not required to file a report under section 286(2) or resides in a nation with which India does not have an agreement for the exchange of reports, etc. 30.12.2023 TDS Challan-cum-statement November 2023 Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M. 31.12.2023 Return of Income AY 2023-24 All taxpayers must file a revised or belated income tax return for the assessment year 2023–2024 (if the assessment hasn't been finished by December 31, 2023). In the compliance calendar for December 2023, remember that timely filing of GST returns, TDS certificates, PF, ESI Returns, and other essential documents is not just a regulatory obligation but a strategic move. By meeting these deadlines, individuals and businesses shield themselves from the financial storm of hefty penalties. As the year concludes, let your commitment to compliance be the key that unlocks a new year of prosperity, unburdened by avoidable fines.