Timely payment of taxes provides several advantages, including cost savings and avoidance of financial problems such as low credit scores and penalties for non-compliance. Below, we outline the key compliance obligations for August in the fiscal year 2024-25.
We have divided the Compliance Calendar into two sections: ‘The Compliance Calendar of Important Due Dates for GST Returns in August 2024’ and ‘The Compliance Calendar of Important Due Dates for Income Tax Compliance/PF/ESI in August 2024’.
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Important due dates for GST Returns in the Month of August, 2024 |
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Due Date |
Forms to be filled |
Period |
Who should file? |
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10.08.2024 |
GSTR-07 |
July 2024 |
To be filed by the persons who is required to deduct TDS i.e., Tax Deducted at Source under GST |
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10.08.2024 |
GSTR-08 |
July 2024 |
To be filed by the persons who is required to deduct TCS i.e., Tax Collected at Source under GST. |
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11.08.2024 |
GSTR-1 |
July 2024 |
Taxpayers whose aggregate turnover is > 5 crores or who have opted to file monthly return (Other than QRMP scheme) |
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13.08.2024 |
GSTR-05 |
July 2024 |
To be filed by Non-Resident Taxable Person |
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13.08.2024 |
GSTR-06 |
July 2024 |
To be filed by Input Service Distributors |
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18.08.2024 |
GST-CMP-08 |
July 2024 |
To be filed by Composition Scheme Dealers |
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20.08.2024 |
GSTR 5A |
July 2024 |
To be filed by Non-Resident Taxpayers and ODIAR service providers. |
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20.08.2024 |
GSTR-3B |
July 2024 |
Taxpayers whose aggregate turnover is > 5 crores or who have opted to file monthly return |
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Important due dates for Income Tax Compliance/PF/ESI in the Month of August, 2024 |
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07.08.2024 |
TDS and TCS liabilities to the Income Tax Department |
July 2024 |
To be paid by entities who are required to deduct tax at the source before making certain payments, such as salaries, interest, rent, commission, etc. |
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15.08.2024 |
TDS Certificate (Form 16C) |
July 2024 |
Form 16C is filed by the person who is responsible for paying any income or making any payment (other than salary) to a resident. It’s primarily related to TDS on rent. |
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15.08.2024 |
TDS Certificate (Form 16D) |
July 2024 |
Form 16D is filed by the tenant (deductor) for TDS deducted on rent. |
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15.08.2024 |
PF/ESI |
July 2024 |
Employers are required to deduct the specified amounts from employees’ salaries and contribute their share towards PF and ESI |
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30.08.2024 |
Challan cum TDS statement [Tax deducted under 194IA (Form 26 QB), 194IB (Form 26 QC), and 194M (Form 26 QD)] |
July 2024 |
To be filed by a contractor, an employer, or any person or entity making specified payments where TDS is required to be deducted as per the provisions of the Income Tax Act, 1961. |
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31.08.2024 |
Application in Form 9As |
July 2024 |
Trustee or authorized representative of the trust or institution. |
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31.08.2024 |
Statement in Form no. 10 |
July 2024 |
Trustee or authorized representative of the trust or institution. |
Please make sure to keep a check! So you do not forget these important dates under Income Tax.
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