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.
| 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 |
|
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) |
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.
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