Compliance Calendar For The Month of March 2024
Welcome to the Compliance Calendar for the month of March 2024. March being the last month of the Financial Year 2023-24, it becomes crucial for businesses and individuals alike must keep track of their compliance requirements to ensure they are adhering to the legal and regulatory framework in the country. March is an important month in terms of compliance, as it is not only the end of the financial year but also the beginning of the new one. Here, we have prepared a Compliance Calendar in two parts, a Compliance Calendar for GST due dates of March 2024, and a Compliance Calendar for Income Tax Return like TDS Certificate, PF, TDS cum challan certificate, etc due dates for the month of March, 2024.
Compliance Calendar for the Month of March, 2024
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Important due dates for the GST Returns in the Month of March, 2024 |
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Due date |
Form to be filed |
Period |
Who should file? |
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11.03.2024 |
GSTR 1 |
February 2024 |
Taxpayers having an aggregate turnover of more than Rs. 1.50 Crores or opted to file Monthly Return. |
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13.03.2024 |
GSTR 1 (IFF) |
February 2024 |
GST return for the taxpayers who opted for QRMP scheme (Optional) |
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20.03.2024 |
GSTR 3B |
February 2024 |
The due date for GSTR-3B having an annual turnover up to or more than 5 Crores. |
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25.03.2024 |
GST Challan Payment |
February 2024 |
If there is insufficient ITC for the month of February, pay the GST Challan (for all Quarterly Filers). |
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Important due dates for the Income Tax Compliance / PF / ESI in the Month of March, 2024 |
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01.03.2024 |
TDS Challan-cum-statement |
January |
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01.03.2024 |
TDS Challan-cum-statement |
January |
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07.03.2024 |
Challan No. ITNS-281 |
February 2024 |
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10.03.2024 |
Professional Tax |
February |
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15.03.2024 |
Form 24G by Government officer |
February |
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15.03.2024 |
Payment of the Whole Advance Tax |
AY 2024-25 |
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15.03.2024 |
Advance Tax Installment |
AY 2024-25 |
The fourth advance tax installment is due for the assessment year 2024–2025. |
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15.03.2024 |
PF & ESI Payment |
February |
Provident Fund & ESI Returns for the month of February, 2024. |
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16.03.2024 |
TDS Certificate |
January |
Due date for issuing of TDS Certificate for tax deducted under Section 194IA, 194IB, 194M in the month of January, 2024. |
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16.03.2024 |
TDS Certificate |
January |
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30.03.2024 |
TDS Challan-cum-statement |
February |
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30.03.2024 |
TDS Challan-cum-statement |
February |
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31.03.2024 |
Form No. 3CEAD |
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The submission of the report in Form No. 3CEAD for the reporting accounting year (which, if it is 2022-23 is assumed) in respect of the international group of which it is a constituent by a constituent entity that resides in India, provided that the parent entity is not required to file a report under section 286(2) or resides in a nation with which India does not have an agreement for the exchange of reports, etc. |
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31.03.2024 |
ITR Filing |
AY 2020-21 |
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In conclusion, the month of March 2024 holds significant importance for various compliance due dates under the Goods and Service Act, and Income Tax Act. Taxpayers must file the required forms within the specified deadlines to avoid substantial penalties. However, please note that these due dates maybe subject to extensions based on stakeholder representations and prevailing circumstances. Rest assured, we will keep you promptly informed of any changes or extensions to ensure you stay compliant. Remember, timely filing is key to averting hefty penalties and maintaining a smooth business journey.
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