Statutory due date, Statutory due date for May 2022, compliance calendar for May 2022, TDS Return, GST return, Ebizfiling, MGT 7, ESI payment

Tax Compliance & Statutory Due dates for May 2022

Compliance Calendar for the Month of May, 2022

Individuals or businesses, be it a small scale businesses or a business having its operations on a large scale, are bound to adhere to the tax and statutory compliance prevailing in India. It is important for all the businesses, in any form, (Private Limited Company, Public Limited Company, Limited Liability Partnership, Partnership, or Sole Proprietorship Firm) to keep a track of various compliance Due dates such as Income Tax Return Filing, GST Return Filing, ROC Compliance Due dates, etc. falling in every month of the year. If we talk about May 2022, it is an important month from a Tax and Statutory Compliance perspective. The Month of May is also important as the due date for filing LLP Annual Return in LLP Form 11 falls in this month only. Hence, for LLP owners, it is significant to mark its calendar for this important LLP Annual Filing due date i.e. Due to date for LLP Form 11 for FY 2021- 22 is 30th May 2022. Here, we have prepared a Compliance Calendar for Tax and Statutory Due Dates falling in the Month of May 2022 that includes, a Compliance Calendar for GST Due Dates of May 2022 and a Compliance Calendar for Income tax Return Due Dates of May 2022, which might be helpful for every registered business and professional to keep a track and be ready for the compliance well in advance.

Compliance Calendar for the Month of May 2022

Important due dates for the GST Returns in the Month of May 2022

Due date

Form to be filed

Period

Who should file?

10.05.2022

GSTR 7

April 2022

GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST

10.05.2022

GSTR 8

April 2022

GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST

11.05.2022

GSTR 1

April 2022

Taxpayers have an aggregate turnover of more than Rs. 1.50 Crores or opted to file a Monthly Return

13.05.2022

GSTR 1 IFF (QRMP)

April 2022

GST return for the taxpayers who opted for the QRMP scheme (Optional)

13.05.2022

GSTR 6

April 2022

Input Service Distributors

20.05.2022

GSTR 5 & 5A

April 2022

Non-Resident Taxpayers and ODIAR services provider

20.05.2022

GSTR 3B

April 2022

The due date for GSTR-3B has an Annual Turnover of more than 5 Crores

25.05.2022

GST Challan

For all Quarterly filers

GST Challan Payment if no sufficient ITC for April (for all Quarterly Filers)

Important due dates for the Income Tax Compliance / PF / ESI in the Month of May 2022

07.05.2022

Challan No. ITNS-281

April 2022

Payment of TDS/TCS deducted /collected in April 2022.

15.05.2022

TDS Certificate

March 2022

The due date for issue of the TDS Certificate for tax deducted under Section 194IA in the month of March 2022

15.05.2022

TDS Certificate

March 2022

The due date for issue of the TDS Certificate for tax deducted under Section 194IB in the month of March 2022

15.05.2022

TDS Certificate

March  2022

The due date for issue of the TDS Certificate for tax deducted under Section 194M in the month of March 2022

15.05.2022

Form No. 24G

April 2022

The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April 2022 has been paid without the production of a challan

15.05.2022

Filing of TCS Statement

Quarterly

Quarterly statement of TCS deposited for the quarter ending March 31, 2022

15.05.2022

Electronic Challan cum Return (ECR) (PF)

April 2022

E-payment of Provident Fund

15.05.2022

ESI Challan

April 2022

ESI payment

15.05.2022

Form No. 3BB

April 2022

The due date for the furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of April 2022

30.05.2022

TDS Challan-cum-statement

April 2022

The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M

30.05.2022

TCS Certificate

4th quarter of FY 2021-22

Issue of TCS certificates for the 4th Quarter of the Financial Year 2021-22

30.05.2022

Form No. 49C

FY 2021-22

Submission of a statement by a non-resident having a liaison office in India for the financial year 2021-22

31.05.2022

Form 24Q (TDS Return for Salary)

January to March 2022

Quarterly Statement for TDS on salaries

31.05.2022

Form 26Q (TDS Return for Payments to Foreigners)

January to March 2022

Quarterly statement of TDS deposited (for the payment to a non-resident not being a company, foreign company, and persons who are not ordinarily resident) for the quarter ending March 31, 2022

31.05.2022

Form 27Q (TDS Return for Professional Fees)

January to March 2022

Quarterly Statement for TDS on professional fees, interest payments, etc.

31.05.2022

TDS Return by trustees

TDS Return for tax deducted from contributions paid by the trustees of an approved superannuation fund

31.05.2022

Form 61A

FY 2021-22

The due date for furnishing of statement of financial transaction as required to be furnished under sub-section (1) of section 285BA of the Act with respect for the financial year 2021-22

31.05.2022

Form 61A

The calendar Year 2021

The due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for the calendar year 2021 by reporting financial institutions

31.05.2022

PAN Application

FY 2021-22

Application for allotment of PAN in case of a non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2021-22 and in case of a person being managing director, director, partner, trustee, author, founder, Karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN

Important due dates for the LLP Annual Filing in the Month of May 2022

30.05.2022

LLP Form 11

FY 2021-22

An annual statement for submitting details of the business of the LLP and its partners for the FY 2021-22

 

The month of May 2022, is significant for the due dates for various compliances under the Goods and Service Act, Income Tax Act, Companies Act, and LLP Act. Filing the above-mentioned forms on or before the due dates will save the taxpayers from hefty penalties. However, the due dates may be extended from time to time by the concerned departments on the basis of various events/representations by the stakeholders.

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