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January 11, 2025
Compliance Calendar For The Month of January 2025
As we enter 2025, businesses and individuals must stay on top of their compliance obligations. A compliance calendar helps track important deadlines for GST filings, Income Tax returns, and other statutory requirements, ensuring smooth operations and avoiding penalties. Timely compliance promotes regulatory adherence, financial discipline, and sets a proactive tone for the year ahead.
Important Due Dates for GST Returns in January 2025
| Due Date | Form to be Filed | Period | Who Should File? | Significance |
| 10.01.2025 | GSTR 7 | December 2024 | Persons required to deduct TDS (Tax Deducted at Source) under GST. | Ensures compliance with GST TDS regulations, critical for businesses engaging in specified transactions. |
| 10.01.2025 | GSTR 8 | December 2024 | E-commerce operators required to collect TCS (Tax Collected at Source) under GST. | Vital for e-commerce platforms to report and remit TCS, ensuring accountability in online transactions. |
| 11.01.2025 | GSTR 1 | December 2024 | Taxpayers with an aggregate turnover exceeding ₹ 1.50 Crores or opting for monthly returns. | Facilitates accurate reporting of outward supplies for high-turnover taxpayers. |
| 13.01.2025 | GSTR 1 (IFF) | October-December 2024 | Taxpayers under the QRMP scheme (Optional). | Allows small taxpayers to furnish invoice details for better credit flow to recipients. |
| 13.01.2025 | GSTR 5 & 5A | December 2024 | Non-resident taxpayers and ODIAR service providers. | Ensures that non-resident and digital service providers remain compliant with Indian tax regulations. |
| 13.01.2025 | GSTR 6 | December 2024 | Input Service Distributors. | Helps distribute eligible input tax credit to the respective recipients, maintaining tax chain continuity. |
| 18.01.2025 | CMP-08 | October-December 2024 | Composition taxpayers. | Simplifies tax payment for small taxpayers under the composition scheme, reducing compliance burden. |
| 20.01.2025 | GSTR 3B | December 2024 | Taxpayers with an annual turnover exceeding ₹ 5 Crores. | Critical for declaring summary GST liabilities and claiming input tax credit for large taxpayers. |
| 22.01.2025 | GSTR 3B | October-December 2024 | Taxpayers in South India under the QRMP scheme (Optional). | Enables regional QRMP taxpayers to comply with GST payment and reporting obligations. |
| 24.01.2025 | GSTR 3B | October-December 2024 | Taxpayers in North India under the QRMP scheme (Optional). | Allows regional QRMP taxpayers to manage GST compliance with staggered deadlines for ease of filing. |
Important Due Dates for Income Tax Compliance / PF / ESI in January 2025
| Due Date | Form / Action | Period | Description | Penalties for Non-Compliance |
| 07.01.2025 | Challan No. ITNS-281 | December 2024 | Payment of TDS/TCS deducted/collected in December 2024. | Interest at 1.5% per month and penalty equal to TDS/TCS amount for delayed payment. |
| 14.01.2025 | TDS Certificate | November 2024 | Issue of TDS Certificate under Section 194IA for November 2024. | Fine of ₹ 200 per day of delay until certificate is issued, subject to a maximum of the TDS amount. |
| 14.01.2025 | TDS Certificate | November 2024 | Issue of TDS Certificate under Section 194IB for November 2024. | Same as above. |
| 14.01.2025 | TDS Certificate | November 2024 | Issue of TDS Certificate under Section 194M for November 2024. | Same as above. |
| 14.01.2025 | TDS Certificate | November 2024 | Issue of TDS Certificate under Section 194S (specified person) for November 2024. | Same as above. |
| 15.01.2025 | Professional Tax | December 2024 | Payment of Professional Tax on salaries for December 2024. | Late payment fee and penalty as prescribed by the respective state’s tax laws. |
| 15.01.2025 | TCS Certificate | October-December 2024 | Issue of TCS Certificates in Form 27EQ. | Fine of ₹ 200 per day of delay until certificate is issued, subject to a maximum of the TCS amount. |
| 15.01.2025 | Form 24G by the Government | December 2024 | Filing by government offices for TDS/TCS paid without a challan. | Late filing fee as per IT Act provisions. |
| 15.01.2025 | PF & ESI Payment | December 2024 | Payment of Provident Fund & ESI for December 2024. | Penalty and interest on late payments as per EPF and ESI regulations. |
| 15.01.2025 | Form 15CC | December 2024 | Quarterly statement on foreign remittances by authorized dealers. | Penalty under Section 271H for delay in filing specified statements. |
| 15.01.2025 | Form 15G/15H | December 2024 | Submission of Form 15G/15H declarations received during October-December 2024. | Penalty for non-filing or late submission as applicable. |
| 15.01.2025 | Form No. 49BA | December 2024 | Filing of Form No. 49BA for specified funds. | Penalty for late submission as prescribed under relevant rules. |
| 30.01.2025 | TDS Challan-cum-statement | December 2024 | Filing under Sections 194IA, 194IB, and 194M. | Same as penalties for TDS payment delays. |
| 30.01.2025 | TDS Certificate | December 2024 | Issue of TDS Certificate under Section 194S for December 2024. | Same as above. |
| 30.01.2025 | TCS Certificate | October-December 2024 | Issue of TCS Certificates in Form 27D. | Same as penalties for TCS delays. |
| 30.01.2025 | TDS Payment | December 2024 | TDS payment for December 2024 under Forms 26QB, 26QC, and 26QD. | Interest at 1.5% per month for delayed payment and penalty equal to TDS amount for non-payment. |
| 31.01.2025 | TDS Return Payment | October-December 2024 | Filing TDS Returns in Forms 24Q, 26Q, and 27Q. | Late filing fee of ₹ 200 per day up to ₹ 10,000 and potential prosecution in severe cases. |
The compliance calendar in January 2025 marks the start of the new financial year’s compliance cycle. Staying updated with GST filings, TDS/TCS payments, and other statutory returns is crucial to avoid penalties and ensure smooth operations. Businesses and individuals should plan to meet these obligations efficiently.
PDF Download of Compliance Calendar January 2025
Suggested Read :
GST return of GSTR 1 and GSTR 3B
Income Tax Return
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