Why is a compliance calendar important for businesses?

A compliance calendar helps businesses track statutory deadlines and ensures timely filings, reducing the risk of penalties and non-compliance.

Which compliances are covered in the December 2024 compliance calendar?

The calendar covers ROC filings, GST returns, Income Tax deadlines, and other statutory compliances applicable in December 2024.

What happens if a compliance deadline is missed?

Missing a compliance deadline may result in late fees, interest, penalties, and legal consequences depending on the nature of the filing.

Can small businesses use the compliance calendar?

Yes, the compliance calendar is useful for businesses of all sizes, including startups, SMEs, LLPs, and private limited companies.

2024-2025

Compliance Calendar for the month of December 2024

As we approach the final month of 2024, businesses and individuals need to stay on top of various important compliance deadlines related to taxes, returns, and contributions. Here’s a detailed guide for essential financial obligations and compliance tasks for December 2024.

We have divided the Compliance Calendar into two sections: ‘The Compliance Calendar of Important Due Dates for GST Returns in December 2024’ and ‘The Compliance Calendar of Important Due Dates for Income Tax Compliance/PF/ESI in December 2024.

Important Due Dates for GST Returns in December 2024

Due Date	Form to be Filed	Period	Who Should File?
11.12.2024	GSTR 1	November 2024	Taxpayers with aggregate turnover > ₹1.50 Crores or those opting for monthly returns
13.12.2024	GSTR 1 (IFF)	November 2024	Taxpayers opting for the Quarterly Return Monthly Payment (QRMP) scheme (Optional)
20.12.2024	GSTR 3B	November 2024	All GST registered taxpayers with annual turnover > ₹5 Crores
25.12.2024	GST Challan Payment	November 2024	Quarterly filers with insufficient Input Tax Credit (ITC) for November 2024
31.12.2024	GSTR 9 & 9C	FY 2023-24	Filing of GST Annual Return (GSTR-9) & GST Reconciliation Statement (GSTR-9C) for FY 2023–2024

Important Due Dates for Income Tax Returns / TDS / PF / ESI in December 2024

Due Date	Form to be Filed	Period	Who Should File?
07.12.2024	Challan No. ITNS-281	November 2024	Payment of TDS/TCS deducted/collected for November 2024
15.12.2024	Professional Tax	November 2024	Professional Tax on salaries for November 2024
15.12.2024	TDS Certificate (Section 194-IA)	October 2024	Issuance of TDS Certificate for tax deducted under Section 194IA
15.12.2024	TDS Certificate (Section 194-IB)	October 2024	Issuance of TDS Certificate for tax deducted under Section 194IB
15.12.2024	TDS Certificate (Section 194-M)	October 2024	Issuance of TDS Certificate for tax deducted under Section 194M
15.12.2024	TDS Certificate (Section 194-S)	October 2024	Issuance of TDS Certificate for tax deducted under Section 194S (if applicable to specified persons) Note: Applicable in case of specified person as mentioned under section 194S.
15.12.2024	Form 24-G by Government Office	November 2024	Filing of Form 24G for TDS/TCS paid without a challan in government offices
15.12.2024	Form No. 3BB	November 2024	Stock exchange statement for client code modifications in November 2024
15.12.2024	Advance Tax Installment	FY 2024-25	Third installment of advance tax for FY 2024-25
15.12.2024	PF & ESI Payment	November 2024	Payment of Provident Fund & ESI contributions for November 2024
30.12.2024	TDS Certificate (Section 194S)	November 2024	Issuance of TDS Certificate for tax deducted under Section 194S (Note: Applicable in case of specified person as mentioned under section 194S.)
30.12.2024	TDS Payment	November 2024	TDS payment for November 2024 on Forms 26QB (Property), 26QC (Rent), 26QD (Contractor Payments)
30.12.2024	Form No. 3CED	—	Submission of report in Form No. 3CED for the reporting accounting year, as applicable (for international groups)
31.12.2024	Return of Income	FY 2023-24	Filing of revised or belated income tax return for FY 2023-24 (if assessment is not completed by 31st December 2024)

Conclusion

In the compliance calendar for December 2024, 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.

1 year ago

Team Ebizfiling

Ebizfiling.com is a leading online platform offering end-to-end business compliance solutions for startups, SMEs, and global companies. With a presence across India and international markets including the USA, UK, and Singapore, the company specializes in company/LLP incorporation, ITR and GST filings, legal advisory, and foreign subsidiary formation. Backed by experienced professionals including CAs, CSs, and legal experts, Ebizfiling delivers accurate, timely, and regulation-compliant services trusted by thousands of businesses. The platform aims to simplify complex compliance processes through technology, personalized support, and a deep understanding of Indian and global regulatory frameworks.