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May 11, 2024
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ByKomal S
Compliance Calendar For The Month of May 2024
Compliance with tax and statutory regulations is mandatory for both individuals and businesses in India, regardless of their scale of operations. It is crucial for businesses of all forms, such as Private Limited Company, Public Limited Company, Limited Liability Partnership, Partnership, or Sole Proprietorship Firm, to keep track of compliance due dates for Income Tax Return Filing, GST Return Filing, ROC Compliance, and others, which fall every month of the year. May 2024 is a significant month in terms of tax and statutory compliance, particularly for LLP owners.
To facilitate registered businesses and professionals in staying updated with tax and statutory compliance, we have prepaired a Compliance Calendar for May 2024. As always, use this compliance calendar as a road map to ensure that you satisfy your commitments on time throughout the month.
We created a Compliance Calendar in two parts: the Compliance Calendar for GST due dates in May 2024 and the Compliance Calendar for Income Tax Return due dates in May 2024.
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Important due dates for the GST Returns in the Month of May, 2024 |
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Due date |
Form to be filed |
Period |
Who should file? |
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10.05.2024 |
GSTR 8 |
April |
GSTR-8 is a return that e-commerce businesses must file to deduct TCS (Tax collected at source) under the rules governing GST. |
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10.05.2024 |
GSTR 7 |
April |
GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST. |
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11.05.2024 |
GSTR 1 |
April |
Taxpayers whose aggregate turnover is more than Rs. 5 crores or who have opted to file monthly return. |
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13.05.2024 |
IFF |
April |
Taxpayers whose aggregate turnover is less than Rs. 5 crores and who have opted to file quarterly return. |
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13.05.2024 |
GSTR 5 & 6 |
April |
Input Service Distributors |
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20.05.2024 |
GSTR 5A |
April |
Non-Resident Taxpayers and ODIAR services provider. |
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20.05.2024 |
GSTR 3B |
April 2024 |
Taxpayers whose aggregate turnover is more than Rs. 5 crores or who have opted to file monthly return. |
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Important due dates for the Income Tax Compliance / PF / ESI in the Month of May, 2024 |
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07.05.2024 |
TDS Challan |
April |
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15.05.2024 |
Form: 3BB |
April |
Due date for a stock exchange to provide a statement in Form 3BB for transactions in which client codes were amended after registration in the system for the month of April, 2024.
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15.05.2024 |
Form 24G by Government officer |
April |
Submission of Form 24G by a government office where TDS (for other deductors)/TCS for the month of April, 2024 was paid without a challan. |
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30.05.2024 |
Form. 15G/15H |
April |
Due date to upload declarations received from recipients in Form 15G/15H during the quarter ending April 2024. |
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15.05.2024 |
PF, ESI & Professional Tax Payment |
April |
Provident Fund, ESI Returns & Professional Tax Payment for the month of April, 2024. |
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30.05.2024 |
TDS cum-challan Statement |
April |
TDS statement for taxes deducted under Sections 194IA, 194IB, and 194M in April 2024. |
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30.05.2024 |
TDS cum-challan Statement |
April |
TDS statement for tax deducted under Section 194S is April 2024.
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31.05.2024 |
Jan to March 2024 |
TDS statement- 26Q, 24Q, 27Q for tax deducted for the quarter Jan to Mar 2024.
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Now that you are aware of the dates, remember to mark this in your calendar!
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