Statutory & Compliance Calendar For May 2023

Important Statutory Due Dates for the May 2023 GST Returns

Due date

Form to be filed

Period

Who should file?

10.05.2023

GSTR 7

April 2023

The GSTR 7 is a return submitted by everyone who must deduct TDS (Tax Deducted at Source) under GST.

10.05.2023

GSTR 8

April 2023

The GSTR-8 is a return that must be filed by e-commerce businesses that are required to deduct TCS (Tax collected at source) under GST.

11.05.2023

GSTR 1

April 2023

Taxpayers who filed a monthly return or had an overall turnover of more than Rs. 1.50 crores

13.05.2023

GSTR 1 IFF (QRMP)

April 2023

GST return for taxpayers who choose the QRMP programme (Opt-in)

13.05.2023

GSTR 6

April 2023

Input Service Distributors

20.05.2023

GSTR 5 & 5A

April 2023

Non-Resident Taxpayers and ODIAR services provider

20.05.2023

GSTR 3B

April 2023

The deadline for GSTR-3B returns with a yearly turnover of more than $5 million

25.05.2023

GST Challan

For all Quarterly filers

If there is not enough ITC for April (for all Quarterly Filers), GST Challan Payment is due.

Important Statutory Due Dates for the May 2023 PF, ESI, and Income Tax Compliance

07.05.2023

Challan No. ITNS-281

April 2023

In April 2023, TDS/TCS was deducted from or collected.

15.05.2023

TDS Certificate

March 2023

March 2023 is the deadline for issuing TDS Certificates for taxes deducted under Section 194IA.

15.05.2023

TDS Certificate

March 2023

March 2023 is the deadline for issuing TDS Certificates for taxes deducted under Section 194IA.

15.05.2023

TDS Certificate

March  2023

The March 2023 deadline for issuing TDS Certificates for taxes deducted under Section 194 M

14.05.2023

TDS Certificate

March 2023

Date by which TDS Certificates must be issued for taxes collected under Section 194S in the month of March 2023 (applicable only to Specified Persons as defined in Section 194S)

15.05.2023

Form No. 24G

April 2023

Date by which a government agency must submit Form 24G if TDS/TCS for April 2023 has been paid without the production of a challan.

15.05.2023

Filing of TCS Statement

Quarterly

TCS's quarterly statement for the period ending March 31, 2023.

15.05.2023

Electronic Challan cum Return (ECR) (PF)

April 2023

E-payment of Provident Fund

15.05.2023

ESI Challan

April 2023

ESI payment

15.05.2023

Form No. 3BB

April 2023

Due date for a stock exchange to submit a Form 3BB statement regarding transactions involving client codes that were changed after registering in the system for the month of April 2023.

30.05.2023

TDS Challan-cum-stament

April 2023

Date that the challan-cum-statement required by Sections 194-IA, 194-IB, 194M, and 194S must be submitted.

30.05.2023

TCS Certificate

4th quarter of FY 2022-23

Making TCS certificates for the final quarter of the fiscal year 2022–2023

30.05.2023

Form No. 49C

FY 2022-23

Submission of a statement for the fiscal year 2022–2023 by a non-resident with a liaison office in India

31.05.2023

Statement of TDS

January to March 2023

TDS quarterly statement for the period ending March 31, 2023,

31.05.2023

TDS Return by trustees

–

TDS Return for tax withheld from trustee contributions to an authorised superannuation fund

31.05.2023

Form 61A

FY 2022-23

Due date for furnishing of statement of financial transaction as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2022-23

31.05.2023

Form 61B

Calendar Year 2022

Due date for reporting financial institutions to submit their annual statement of reportable accounts (in Form No. 61B) electronically for the calendar year 2022, as required by Section 285BA(1)(k).

31.05.2023

PAN Application

 FY 2022-23

If a non-resident individual transacts for Rs. 2,50,000 or more in the financial year 2022-2023, and that individual is also the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer, or office bearer of the individual mentioned in Rule 114(3)(v), or any other qualified party able to act on the individual's behalf who hasn't been assigned any PANs.

31.05.2023

Form 9A

–

To utilise the option given by the Explanation to Section 11(1) to apply revenue from the previous year in the next year or in the future, a Form 9A application must be completed if the assessee is required to submit a return of income on or before July 31, 2023.

31.05.2023

Form 10

–

If the assessee is required to file a return of income on or before July 31, 2023, a statement in Form No. 10 must be provided in order to accrue revenue for a future application under Section 10(21) or Section 11(1).

Important Statutory Due Dates for the May 2023 LLP Annual Filing

30.05.2023

LLP Form 11

FY 2022-23

A yearly report detailing the LLP's and its partners' financial activity for the fiscal year 2022–2023