What is a compliance calendar?

A compliance calendar lists statutory due dates for GST, Income Tax, ROC, and other regulatory filings that businesses must follow.

Why is the January compliance calendar important?

January includes multiple monthly, quarterly, and annual filings. Missing deadlines can lead to penalties and interest.

Does the January 2024 compliance calendar include GST due dates?

Yes, it covers all key GST returns such as GSTR-1, GSTR-3B, and other applicable filings.

Who should follow the January compliance calendar?

Businesses, LLPs, companies, professionals, and employers subject to statutory filings should follow it.

Articles

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.

2 years ago

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.