Compliance Calendar for the Month of December 2022 – GST Returns and ITR Due Dates
Starting, owning, or operating a business in India entails significant compliance that all businesses, regardless of structure, must adhere to during a financial year. Statutory compliance is an essential part of running a business. So, here is a Tax & GST Compliance Calendar for the months of December, 2022, covering all of the important due dates for Income Tax Return Filing, GST Return Filing, and TDS Payments.
Important due dates for the GST Returns in the Month of December 2022 |
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Due date |
Form to be filed |
Period |
Who should file? |
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10.12.2022 |
GSTR 7 |
November 2022 |
GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source)under GST |
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10.12.2022 |
GSTR 8 |
November 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 |
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11.12.2022 |
GSTR 1 |
November 2022 |
Taxpayers having an aggregate turnover of more than INR 5 Crores or opted to file Monthly Return |
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13.12.2022 |
GSTR 1 (IFF) |
November 2022
|
GST return for the taxpayers who opted for QRMP scheme (Optional) |
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13.12.2022 |
GSTR 6 |
November 2022 |
Input Service Distributors |
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20.12.2022 |
GSTR 5 & 5A |
November 2022 |
Non-Resident Taxpayers and ODIAR services provider |
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20.12.2022 |
GSTR 3B |
November 2022 |
The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
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25.12.2022 |
GST Challan Payment |
November 2022 |
GST Challan Payment if no sufficient ITC for September (for all Quarterly Filers)
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31.12.2022 |
GSTR 9 |
FY 2021- 22 |
The GSTR-9 filing due date for a financial year is December 31st. |
Important due dates for the Income Tax Compliance / PF / ESI in the Month of December 2022 |
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07.12.2022 |
TDS Deposit |
November 2022 |
The deposit of tax deducted/collected for the month of November 2022 is due on this date. However, all sums deducted/collected by a government office must be paid to the credit of the Central Government on the same day tax is paid, even if no Income-tax Challan is produced. |
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15.12.2022 |
Form 24G |
November 2022 |
Due date for submitting Form 24G by a government office where TDS/TCS for the month of November 2021 was paid without the production of a challan. |
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15.12.2022 |
Advance Tax Installment |
AY 2023-24 |
Third advance tax payment for the AY (Assessment Year) 2023-24 |
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15.12.2022 |
Section 194-IA |
October 2022 |
In the month of October 2022, the TDS Certificate for tax deducted under Section 194-IA must be issued. |
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15.12.2022 |
Section 194-IB |
October 2022 |
In the month of October 2022, the TDS Certificate for tax deducted under Section 194-IB must be issued. |
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15.12.2022 |
Section 194M |
October 2022 |
In the month of October 2022, the TDS Certificate for tax deducted under Section 194M must be issued. |
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15.12.2022 |
Form no. 3BB |
November 2022 |
Due date for a stock exchange to provide a statement in Form 3BB for transactions in which client codes were modified after registering in the system for the month of November 2022. |
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15.12.2022 |
Issue of TDS Certificate |
Ocotber 2022 |
In the month of October 2022, the TDS Certificate for tax deducted under Section 194S must be issued.
Note: Only applicable in the case of a specific person as defined in Section 194S. |
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15.12.2022 |
PF Payment |
November 2022 |
Provident Fund payment for November 2022. |
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15.12.2022 |
ESI Payment |
November 2022 |
Employee State Insurance payment for November 2022. |
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30.12.2022 |
Section 194-IA |
November 2022 |
Due date for submitting challan-cum-statement in relation to tax deducted under section 194-IA in November 2022 |
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30.12.2022 |
Section 194-IB |
November 2022 |
Due date for submitting challan-cum-statement in relation to tax deducted under section 194-IB in November 2022 |
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30.12.2022 |
Section 194M |
November 2022 |
Due date for submitting challan-cum-statement in relation to tax deducted under section 194M in November 2022 |
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30.12.2022 |
Form no. 3CEAD |
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Reporting in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is January 1, 2021 to December 31, 2021) by an Indian constituent entity in respect of the international group of which it is a constituent if the parent entity is not required to file a report under section 286(2) or the parent entity is a resident of a country with which India does not have an agreement for the exchange of reports, etc. |
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30.12.2022 |
Section 194S |
November 2022 |
Due date for submitting challan-cum-statement in relation to tax deducted under section 194S in November 2022
Note: Only applicable in the case of a specific person as defined in Section 194S. |
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31.12.2022 |
Belated / Revised return of income |
AY 2022-23 |
Filing of belated/revised income tax returns for the fiscal year 2022-23 for all assesses (provided assessment has not been completed before December 31, 2022) |
Conclusion
The month of December 2022 is critical in terms of the GST Act and the Income Tax Act. Make certain that all of your filings are completed within a specified time-frame and that no dates are missed, as this can result in significant penalties.
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