Compliance Calendar for the month of January, GST return, Income Tax Return, TDS Certificate, EbizFiling

Compliance Calendar For The Month of January 2024

Introduction

As we embark on the journey of 2024, businesses and individuals must be prepared for the various compliance requirements and deadlines that the new year will bring. One of the key aspects of compliance is the filing of GST returns and Income Tax Returns (the issuance of TDS & TCS certificates). In this blog, we will provide an overview of these important deadlines in the compliance calendar for the month of January to ensure a smooth and compliant business operation.

Compliance Calendar for the Month of January 2024

Important due dates for the GST Returns in the Month of January, 2024

Due date

Form to be filed

Period

Who should file?

10.01.2024

GSTR 7

December 2023

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

10.01.2024

GSTR 8

December 2023

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.

11.01.2024

GSTR 1

December 2023

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

13.01.2024

GSTR 1 (IFF)

October- December 2023

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

13.01.2024

GSTR 5&5A

December 2023

Non-Resident Taxpayers and ODIAR services provider

13.01.2024

GSTR 6

December 2023

Input Service Distributors

18.01.2024

CMP-08

October- December 2023

CMP 08 for October- December 2023 (Composition).

20.01.2024

GSTR 3B

December 2023

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

22.01.2024

GSTR 3B

October- December 2023

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

24.01.2024

GSTR 3B

October- December 2023

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

Important due dates for the Income Tax Compliance / PF / ESI in the Month of January, 2024

07.01.2024

Challan No. ITNS-281

December 2023

Payment of TDS/TCS was deducted /collected in December 2023.

14.01.2024

TDS Certificate

November 2023

The due date for issuing of TDS Certificate for tax deducted under Section 194IA in the month of November, 2023.

14.01.2024

TDS Certificate

November2023

The due date for issuing of TDS Certificate for tax deducted under Section 194IB in the month of November, 2023.

14.01.2024

TDS Certificate

November 2023

The due date for issuing of TDS Certificate for tax deducted under Section 194M in the month of November, 2023.

14.01.2024

TDS Certificate

November 2023

The due date for issuing of TDS Certificate for tax deducted under section 194S (by specified person) in the month of November, 2023

15.01.2024

Professional Tax

December 2023

Professional Tax (PT) on salaries for the month of December, 2023

15.01.2024

TCS Certificate

October- December 2023

TCS Return from the month of October to December 2023 in Form 27EQ.

15.01.2024

Form 24G by Government officer

December 2023

Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2023 has been paid without the production of a challan.

15.01.2024

PF & ESI Payment

December 2023

Provident Fund & ESI Returns for the month of December, 2023.

15.01.2024

Form 15CC

December 2023

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for the quarter ending December, 2023.

15.01.2024

Form 15G/15H

December 2023

Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2023.

15.01.2024

Form No. 49BA

December 2023

Furnishing of statement in Form No. 49BA under Rule 114AAB (by specified fund) for the quarter ending December 31, 2023.

30.01.2024

TDS Challan-cum-statement

December 2023

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

30.01.2024

TDS Certificate

December 2023

Due date for issuing of TDS Certificate for tax deducted under section 194S in the month of December, 2023.

Note: Applicable in case of a specified person as mentioned under section 194S.

30.01.2024

TCS Certificate

October-December 2023

Issue of TCS Certificates in Form 27D from October to December 2023.

30.01.2024

TDS Payment

December 2023

TDS Payment for the month of December 2023 in Forms 26QB (Property), 26QC (Rent), and 26QD (Contractor Payments).

31.01.2024

TDS Return Payment

October-December 2023

TDS Return Payment in Form 24Q,26Q,27Q from October to December 2023.

Conclusion 

The compliance calendar for January 2024 is important for taxpayers. It involves the filing of GST returns and the issuance of TDS & TCS certificates. Taxpayers must ensure timely compliance to avoid penalties. The due dates for the issue of TDS certificates for tax deducted under various sections are significant, such as sections 194-IA, 194-IB, 194M, and 194S of the Income Tax Act,1961. Additionally, the calendar includes important dates for GST challan payments, TDS/TCS payments, etc.

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Author: siddhi-jain

Siddhi Jain (B.A.LLB) is a young and passionate Content Writer at Ebizfiling Private Limited. She enjoys reading and writing about legal topics and simplifying complex legal concepts for a wider audience. Her goal is to continue growing as a content writer and to become a subject matter expert in legal and business topics.

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