2024-2025 Archives

Compliance Calendar for the Month of May 2025 With the start of May 2025, Stay ahead of deadlines with the compliance calendar for the month of May 2025. This month has important due dates for GST returns, Income tax filings, and PF/ESI payments. To make things easier, we have prepared a Compliance Calendar for May 2025, covering key GST and Income Tax Return due dates separately. By being aware of these due dates, businesses can avoid penalties. Below is the list of the important due dates. Essential Due Dates for the GST returns for May 2025 Due Date Form to be Filed Period Who Should File? 10.05.2025 GSTR 7 April 2025 TDS/TCS under GST for April 2025 10.05.2025 GSTR 8 April 2025 TDS/TCS under GST for April 2025 11.05.2025 GSTR-1 (Monthly) April 2025 Taxpayers with a turnover above ₹5 crores or opting for monthly filing must file GSTR-1. 13.05.2025 GSTR-5 April 2025 Input Service Distributors must file GSTR-5 for non-resident taxpayers 13.05.2025 GSTR-6 April 2025 GSTR-6 for Input Service Distributors ISD-related transactions. 20.05.2025 GSTR-3B (Monthly) April 2025 Taxpayers with an aggregate turnover exceeding ₹ 5 crores or those opting for monthly return filing must file GSTR-3B. 25.05.2025 PMT-06 April 2025 The monthly payment for QRMP taxpayers 31.05.2025 ITC-03 (if applicable) FY 2025–26 ITC reversal form if newly opting into composition scheme We provide PVT LTD Annual Filing and LLP Annual Return Filing services, along with GST return filing and ITR return filing, to help ensure timely compliance and minimize the risk of penalties. Essential Due Dates for the Income Tax Compliance / PF / ESI for May 2025 Due Date Form to be Filed Period Who Should File? 7.05.25 Monthly TDS and TCS Payment April 2025 All taxpayers deducting/collecting TDS/TCS 15.05.25 TCS Return Quarter: January 2025 to March 2025 Taxpayers who collected TCS 30.05.25 Issue of Form 27D (TCS Certificate) Quarter: January 2025 to March 2025 Taxpayers who collected TCS 31.05.25 TDS Return Quarter: January 2025 to March 2025 Taxpayers who deducted TDS 31.05.25 Furnishing of Statement of Financial Transactions (SFT) FY 2024-25 Reporting entities 31.05.25 Furnishing of Form 10BD (Donation Statement) FY 2024-25 Charitable trusts 15.05.25 PF Payment April 2025 Employers registered under the Employees' Provident Fund Organization (EPFO). 15.05.25 ESI Payment April 2025 Employers registered under the Employees' State Insurance Corporation (ESIC). 12.05.25 ESI Return Oct 2024 - Mar 2025 Employers registered under the Employees' State Insurance Corporation (ESIC). Conclusion It is important for businesses to ensure timely compliance with tax and regulatory deadlines to avoid penalties and legal risks. The Compliance Calendar for May 2025 will help you to stay updated with the due dates. Filing your returns on time makes your financial planning smoother. Over all, A simple, Updated calendar can make it easy for businesses to meet their regulatory due dates. Suggested Read : Compliance Calendar June 2025 GST Compliance Calendar for FY 2025-26 ITR Compliance Calendar For FY 2025-26 Compliance Calendar for Pvt Ltd company 2025-26 LLP Compliance Calendar FY 2025-26 FAQ Late filing of GST returns can lead to penalties, interest on tax dues, and restrictions on input tax credit claims. Businesses switching to the GST composition scheme in FY 2025–26 must file ITC-03 for input tax credit reversal. TCS returns are due by 15th May 2025, while TDS returns must be filed by 31st May 2025 Yes, employers registered under EPFO and ESIC must pay PF and ESI contributions by the 15th of each month. Form 10BD is a donation statement that must be furnished by charitable organizations by 31st May 2025.

2024-2025

Compliance Calendar for the Month of May 2025

Compliance Calendar for the month of December 2024

Compliance Calendar For The Month Of November 2024

Compliance Calendar for the month of October 2024

COMPLIANCE CALENDAR FOR THE MONTH OF SEPTEMBER 2024

Minutes of GST Council Meeting