Due dates of Direct Tax & Indirect Tax

There are many due dates under GST & Income Tax Act. Some of which are general in nature, and some are industry specific

Let us investigate the some of the due dates which are majorly applicable to most of the business entities.

Firstly, GST. Goods & Services Tax came into the effect on 01.07.2024. It is one of the indirect taxes levied in India. Under this there are some returns that needs to be submitted to the department on regular basis. Now let us have a brief overview of the returns, to whom it applies, it’s frequency & the due date.

GST Return	Purpose	Frequency	Due Date
GSTR-1	Outward supplies report	Monthly/Quarterly	11th (Monthly), 13th (Quarterly)
GSTR-1A	To update the details of sales for GSTR-1 which is filed earlier.	Monthly/Quarterly	Filing after GSTR-1, But before filing GSTR-3B.
GSTR-3B	Summary of outward and inward supplies	Monthly/Quarterly	20th (Monthly), 22nd/24th (Quarterly) Depends on principal place of Business.
GSTR-4	Annual Return for composition taxpayers	Annually	30th of April
CMP-08	Quarterly Return for composition taxpayers	Quarterly	18^th of following month of a Quarter
GSTR-5	Return for non-resident taxpayers	Monthly	13th of the following month
GSTR-5A	Form GSTR-5A is a return to be furnished by Online Information and Database Access or Retrieval (OIDAR) services provider, of the services provided to non-taxable persons, from a place outside India to a person in India.	Monthly	20^th of the following month
GSTR-6	Return for Input Service Distributors	Monthly	13th of the following month
GSTR-7	TDS return	Monthly	10th of the following month
GSTR-8	TCS return for e-commerce operators	Monthly	10th of the following month
GSTR-9,9C	Annual return for regular taxpayers	Annually	31st December after the financial year.
GSTR-10	Final return after GST registration cancellation	One-time	Within 3 months from cancellation
GSTR-11	Form GSTR-11 is a form to be filed by every registered person, who has been issued a Unique Identity Number (UIN), to get tax credit/refunds under GST.	Quarterly	28^th of the following month
ITC-04	Input Tax Credit on Job Work	Half yearly/Annually	If T/O > 5 Crores – Half yearly If T/O < 5 Crores – Annually
LUT	Filing of Letter of Undertaking for Export of Goods or Services	Annually	31^st March of previous financial year.

Now Income Tax. Income Tax Act, 1961 is the direct tax levied in India. Although there are only three deadlines for filings Income Tax returns, there are also some other due dates for various compliances. Let us have a look at some of them

Purpose	Frequency	Due Date
TDS/TCS Payments	Monthly	7^th of the Subsequent month. For March, 30^th of April
TDS returns filings	Quarterly	31^st of subsequent month ending the quarter. For March, 31^st of May.
TCS returns filings	Quarterly	15^th of subsequent month ending the quarter. For March, 15^th of May.
Advance Tax	Quarterly	15^th of the last month in the quarter
Country By Country Reporting in form 3CEAD	Annually	12 months from the end of company’s reporting accounting year
Statement of Specified financial transaction (SFT)	Annually	31^st of immediate May ending from the financial year
Filing of Income Tax return for other than those covered under section 92E a. Non-Corporate b. Non-Tax audits	Annually	31^st of immediate July ending from the financial year
Filing of Income Tax return for other than those covered under section 92E a. Corporate b. Tax audits	Annually	31^st of immediate October ending from the financial year
Filing of Income Tax return for those covered under section 92E	Annually	30^th of immediate November ending from the financial year
Tax Audit Report	Annually	One month prior to the date of filing Income Tax return
Form 3CEB	Annually
Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB	Annually	31^st of immediate October ending from the financial year
Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction	Annually	31^st of immediate October ending from the financial year
Report in Form No. 3CEAA by a constituent entity of an international group	Annually	30^th of immediate November ending from the financial year
Filing of Belated/Revised ITR	Annually	31^st of immediate December ending from the financial year
Furnishing of an updated return of income for the Financial Year	NA	3^rd 31^st of March ending from the financial year.

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