We define the important thing reporting varieties and due dates on India’s tax compliance calendar for the ultimate quarter of economic yr (FY) 2023, which should be filed by all registered companies, no matter their entity construction.
We present an inventory of the deadlines for varied items and providers tax (GST) compliances for the interval of January to March 2023 as India prepares to enter the ultimate quarter of economic yr (FY) 2023. In order to keep away from paying curiosity or late penalties, all companies registered in India are required to file particular data on the necessary reporting varieties.
For a detailed roundup of key GST modifications that India noticed in 2022, you’ll be able to learn our detailed evaluation right here. For extra data on compliance obligations in India or obligatory reporting necessities for international corporations doing enterprise in India, please contact our specialists at india@dezshira.com.
Here’s an inventory of all of the GST-related compliances:
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Tax Compliances in January 2023 |
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Deadline |
Details |
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January 7, 2023 |
Payment of taxes withheld in December 2022. |
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January 11, 2023 |
Electronically submitting particulars of outward provides of taxable items and/or providers in Form GSTR-1 for December 2022. |
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January 13, 2023 |
Electronically submitting particulars of outward provides of taxable items and/or providers in Form GSTR-1 for the third quarter of FY 2023 (October to December,2022) by taxpayers having turnover lower than INR 15 million in FY 2022. |
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January 20, 2023 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for December 2022 by taxpayers having turnover above INR 50 million in FY 2022. |
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January 22, 2023 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for December 2022 by taxpayers having turnover as much as INR 50 million in FY 2022 for the next states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep). |
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January 24, 2023 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for December 2022 by taxpayers having turnover as much as INR 50 million in FY 2022 for the states/UTs apart from these talked about above. |
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January 31, 2023 |
Electronically file quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q. |
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January 31, 2023 |
Electronically file quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q. |
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Tax Compliances in February 2023 |
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Deadline |
Details |
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February 7, 2022 |
Payment of taxes withheld in January 2023. |
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February 11, 2022 |
Electronically submitting particulars of outward provides of taxable items and/or providers in Form GSTR-1 for January 2023. |
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February 20, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for January 2023 by taxpayers having turnover above INR 50 million in FY 2022 |
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February 22, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for January 2023 by taxpayers having turnover as much as INR 50 million in FY 2022 for the next states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep). |
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February 24, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for January 2023 by taxpayers having turnover as much as INR 50 million in FY 2022 for the states/UTs apart from these talked about above. |
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February 25, 2022 |
Payment of due tax in PMT-06 for January 2023 for the taxpayers submitting return underneath Quarterly Return Monthly Payment (QRMP) scheme. |
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Tax Compliances in March 2023 |
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Deadline |
Details |
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March 7, 2022 |
Payment of taxes withheld in February 2023. |
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March 11, 2022 |
Electronically submitting particulars of outward provides of taxable items and/or providers in Form GSTR-1 for February 2023. |
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March 15, 2022 |
Payment of advance taxes as much as estimated tax legal responsibility for FY 2023. |
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March 20, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for February 2023 by taxpayers having turnover above INR 50 million in FY 2022. |
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March 22, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for February 2023 by taxpayers having turnover as much as INR 50 million in FY 2022 for the next states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep). |
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March 24, 2022 |
Electronically submitting Form GSTR-3B to discharge GST tax legal responsibility for February 2023 by taxpayers having turnover as much as INR 50 million in FY 2022 for the states/UTs apart from these talked about above |
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March 25, 2022 |
Payment of due tax in PMT-06 for February 2023 for the taxpayers submitting return underneath QRMP scheme. |
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March 31, 2022 |
Filing of a Country-by-country (CbC) Report by an Indian mother or father entity or Indian constituent entities of a world group the place alternate of data settlement has not been signed, in respect of FY 2022 (in Form 3CEAD). |
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