Hello, in this blog we will discuss what is a compliance calendar, its significance as well as compliance requirements under income tax act, statutory laws and the compliance calendar of FY 2022-23.
Index:
- What is a compliance calendar?
- Significance of compliance calendar
- Compliance requirement under Income Tax act, 1961
- Compliance under statutory Laws
- Compliance calendar FY 2022-23
What is a compliance calendar?
Compliance calendar is a record of the whole year that carries important dates with deadlines and actions to each and every organisation based on business activities and legal structure. For example – for an annual review of the council policies, council meeting, Annual general meeting, performance indicator, internal audit performance, team performance, compliance audit return, date of filing, and others.
Significance of compliance calendar
It can be overwhelming when you need to sort out all the upcoming compliance details and deadlines. Therefore, a compliance calendar is a great beneficial tool that helps you to manage and organise the compliance plans of your organisation. It tracks and priorities important dates and deadlines related to critical regulations, reporting obligations, filings, permits and accreditations. It helps to identify key compliance dates and clarify the organisation of compliance measures.
Compliance calendar of FY 2022-23 for the month of
March 2023
7 TUE TDS Payment for Feb | 11 SAT GSTR 1 for (Monthly) | 13 MON GSTR 1 IFF for QRMP (Optional Feb,2023) | |
| 15 WED Advance Tax Payment (Jan to Mar) | 15 WED Tax Planning & closing book for FY 2022-23 | 15 WED PF and ESI Payment for Feb,2023 | 20 MON GSTR 3B for (Monthly) |
25 SAT GST Challan Payment if No sufficient ITC for Feb,2023 (Quarterly) | 31 FRI Last date to link Aadhar and PAN with the penalty of Rs.1000. |
February 2023
2 TUE Review for budget | 7 THU TDS Payment for Jan | 11 SAT GSTR 1 for (Monthly) Jan | 13 MON GSTR 1 IFF for QRMP (Optional Jan,2023) |
| 15 WED PF and ESI Payment for Jan,2023 | 20 MON GSTR 3B for (Monthly) Jan | 25 SAT GST Challan Payment if No sufficient ITC for Jan,2023 (Quarterly) |
January 2023
7 SAT TDS Payment for Dec | 11 WED GSTR 1 for (Monthly) Dec | 13 FRI GSTR 1 IFF for QRMP (Oct to Dec 2022) | 15 SUN TCS Payment Quarterly (Oct to Dec,2022) |
| 15 SUN PF and ESI Payment for Dec,2022 | 18 WED CMP 08 (Oct to Dec,2022) composition | 20 FRI GSTR 3B for (Monthly) Dec | 22 SUN GSTR 3B for South India (Oct to Dec, 2022) |
24 TUE GSTR 3B for North India (Oct to Dec,2022) | 25 WED GST Challan Payment if No sufficient ITC for Dec,2022 (Quarterly) | 31 TUE TDS filing (Oct to Dec,2022) |
December 2022
7 WED TDS Payment for Nov | 11 SUN GSTR 1 for (Monthly) | 13 TUE GSTR 1 IFF for QRMP ( Optional Nov) | 13 TUE ADT 1 filing by companies |
| 15 THU Advance Tax Payment (Oct to Dec) | 15 THU PF (Provident Fund) Payment for Nov | 15 THU PF and ESI Payment for Nov | 20 TUE GSTR 3B for (Monthly) November |
25 SUN GST Challan Payment if No sufficient ITC for Nov (Quarterly) | 31 SAT Revised Income Tax Filing (AY 2022-23) | 31 SAT GST Annual return filing |
November 2022
7 MON TDS Payment for Oct | 11 FRI GSTR 1 for (Monthly) | 13 SUN GSTR 1 IFF for QRMP ( Optional Oct) | 15 TUE PF (Provident Fund) Payment for Oct |
| 15 TUE TDS Certificate (other than salary) for quarter ending September, 30 | 15 TUE PF and ESI Payment for Oct | 20 SUN GSTR 3B for (Monthly) October | 25 FRI GST Challan Payment if No sufficient ITC for Oct (Quarterly) |
29 TUE MGT 7 filing for OPC & Companies | 30 WED Renewal of Labour Licence for next year |
October 2022
7 FRI TDS Payment for Sep | 11 TUE GSTR 1 for (Monthly) | 13 THU GSTR 1 (Jul to sep) | 15 SAT TCS Payment for Jul to Sep (Quarterly) |
| 15 SAT PF and ESI Payment for Sep | 18 TUE CMP 08 (Jul to Sep) composition | 20 THU GSTR 3B for (Monthly) | 22 SAT GSTR 3B for South India (Jul to Sep) |
24 MON GSTR 3B for North India (Jul to Sep) | 25 TUE GST Challan Payment if No sufficient ITC for Sep (Quarterly) | 30 SUN AOC 4 filing for companies | 30 SUN Form 8 for LLP |
| 30 SUN TCS Certificate, Quarter ending sep, 30 (Quarterly) | 31 MON TDS return (24Q, 26Q, 27Q) for (Jul to Sep) |
September 2022
7 WED TDS Payment for August | 11 SUN GSTR 1 for (Monthly) | 13 TUE GSTR 1 IFF for QRMP ( Optional August) | 15 THU Advance Tax Payment (July to Sep) |
| 15 THU PF and ESI Payment for August | 20 TUE GSTR 3B for (Monthly) | 25 SAT GST Challan Payment if No sufficient ITC for August (Quarterly) | 30 FRI ITR for assesses whose books are needed to be audit FOR (AY 2022-23) |
30 FRI Audit report for (AY 2022-23) in case of assessee who has not entered into an domestic transaction or international | 30 FRI ITR Audit report | 30 FRI DIR 3 KYC for Director |
August 2022
7 SUN TDS Payment for July | 11 THU GSTR 1 for (Monthly) | 13 SAT GSTR 1 IFF for QRMP ( Optional July) | 15 WED TDS Certificate (other than salary) for quarter ending june, 30 |
| 15 WED PF and ESI Payment for July | 20 SAT GSTR 3B for (Monthly) | 25 THU GST Challan Payment if No sufficient ITC for july (Quarterly) |
July 2022
7 TUE TDS Payment for June | 11 MON GSTR 1 for (Monthly) | 13 MON GSTR 1 for QRMP (Apr to June) | 15 WED TCS Payment for Apr to June (Quarterly) |
| 15 WED PF and ESI Payment for May | 15 WED TDS filing for Jan to March | 18 SAT CMP 08 for Apr to June | 20 MON GSTR 3B for (Monthly) |
22 WED GSTR 3B for South India (Apr to Jun) | 24 FRI GSTR 3B for North India (Apr to Jun) | 25 SAT GST Challan Payment if No sufficient ITC for june (Quarterly) | 30 THU TCS Certificate, Quarter ending june, 30 (Quarterly) |
| 31 FRI ITR for Individuals for (AY 2022-23) | 31 FRI TDS Filing (Apr to Jun) | 31 FRI DPT 3 Form for companies | 31 FRI INC 22A Filing for companies |
31 FRI IEC Code Renewal |
Compliance requirement under Income Tax act, 1961 for May 2022
Due dates | Particulars |
| 7th May 2022 | Depositing of TCS/TDS under Income Tax Act,1961 for previous month |
15th May 2022 | Issues of TDS certificate under section – 194 IA, 194 IB, 194M in the month of March |
| 15th May 2022 | Furnishing statement in the Form no-3BB by a stock exchange regarding transactions in which client code has been changed after registering in the system for the month of April. |
15th May 2022 | Furnishing of Form no – 24G by the government of india where TCS/TDS for the month of april has been paid without the creation of challan. |
| 15th May 2022 | Quarterly statement of TCS deposited for the quarter ended March 31st. |
30th May 2022 | Furnishing of challan-cum statement in respect of TDS under section 194 IA, 194 IB, 194 M in the month of December 2021. |
30th May 2022 | Issues of TCS certificate for the month of 4th quarter FY-2021-22. |
| 31th May 2022 | Quarter statement of deposited for TDS certificate for the end March 31. |
31st May 2022 | Furnishing of statement of specified financial transaction as per section 285BA (1). |
| 31st May 2022 | E-filing of annual statements of accounts by the reposting financial institutions. |
31st May 2022 | Filing application for PAN allotment of non-individual resident person, which enters into a financial transaction of Rs.2,50,000 or more than during the FY-2021-22 and has not been allotted PAN. Application for allotment of PAN in case of persons who are managing author, director, partners, founder, trustee, chief executive, principal, or officers bearer of the persons are referred under the rule 114 (3) (v), and who has not allotted any PAN. |
Compliance under statutory Laws for the month of May, 2022
Dues dates | Mode of form filing | Acts | Particulars |
|---|---|---|---|
| 15th May 2022 | ECR | EPF & Miscellaneous provision Act, 1952 | PF Payment |
| 15th May 2022 | ESI Challan | ESIC Act,1948 | ESIC Payment |
| Within 15 days of commitment / completion of contract | Form VI-A | Contract labour (regulation & Abolition Act, 1970) | Notice of commencement / completion of contract by the contractor within 15 days. |
| Within 15 days of commitment / completion of contract | Form VI-B | Contract labour (regulation & Abolition Act, 1970) | Notice/return of commencement / completion of contract by the principal of the employer within 15 days. |
| Within 30 days of applicability of the act and may any changes | Form A & B | Payment of Gratuity Act | Notice of applicability of the act and any changes. |
Compliance calendar under Income Tax Act and statutory laws is for the current month and subsequent months will be updated.
Compliance calendar of FY 2022-23
Due dates | periods | particulars | Applicable for |
| 30th April 2022 When loan borrowed and 1st quarter 30th june | FY- 2021-22 1st April | Opening of bank a/c or transfer of saved CSR amount to that account, Given loan and director’s disclosure and non-disqualification | If CSR is applicable to the company and the company couldn’t spend CSR amount. All companies receiving a loan from a director or relatives of directors.
|
| 30th April 2022 | Oct 2021 to March 22 | MSME returns a half yearly return with the registrar in respect of outstanding payment to msme. | Applicable for all companies |
| 30th April 2022 | FY- 2021-2022 | Return of dormant | Dormant company |
| Within 30 days of renewal due dates | Every FY | Lien registration or renewals | If borrowing facilities of the company excess Rs.100 crore then it will applicable |
| 30th April 2022 | Oct to March | Reconciliation of share capital audit report (Half- yearly) | All unlisted public company |
| 30th May 2022 | FY- 2021-2022 | Annual return of limited liability of partnership | All limited liability partnership |
| Before 30th May 2022 | FY- 2021-2022 | Annual return of foreign company | Foreign companies/ liaison office |
| 30th June 2022 | FY- 2021-2022 | Return of deposit -3 | Applicable for all companies |
| Before 30th june 2022 | FY- 2022-2023 | Board meeting for quarter 1 | Applicable for all companies |
| 15th July 2022 | FY- 2021-2022 | RBI Annual Return | All companies having foreign investment received and foreign investment |
| Before 30th september 2022 | FY- 2021-2022 | Transfer of unspent CSR amount to the CSR fund constituted by Government under schedule VII | Companies who couldn’t spend CSR amount which is mentioned in point no 1 above |
| 30th september 2022 | FY- 2021-2022 | Secretariat audit | All public listed companies having a paid – up share capital above 50 crore or having a turnover of Rs.250 crore. All companies having outstanding loans or borrowing from banks or public institutions of Rs.100 crore or more. |
| 30th september 2022 | FY- 2021-2022 | DIN KYC | All directors or individual who all holds din on 31st march,2022 |
| 30th september 2022 | FY- 2021-2022 | Appointment of CS audit – MGT8 | Company having a paid-up share capital of rs.10 crore or turnover rs.50 crore or more shall be certified by a CS. |
| Before 30th september 2022 | Generation of UDIN by statutory of auditor | All companies before signing balance sheet of the statutory auditor | |
| Before 30th september 2022 | FY- 2022-2023 | Quarter 2 board meeting | All companies |
| Before 30th september 2022 | FY- 2022-2023 | Unspent CSR expenditure transferred to fund specified scheduled VII | CSR expenditure unspent as on 31st Mar 2021 and such as amount is not marked for outgoing project |
| Before 30th september 2022 | FY- 2021-2022 | Annual general meeting | All companies |
| Within 30 days of board meeting | FY- 2021-2022 | Filing of the board resolution and adoption of accounts and directors reports | Unlisted, listed and subsidiary of public companies |
| Within 15 days annual general meeting (before 14th OCT 2022) | FY- 2021-2022 | Appointment of auditor | Re-appointment or replace as per the management decision |
| Within 30 days of AGM (before 29th Oct 2022) | FY- 2021-2022 | Filing balance sheet with ROC | For all companies |
| 30th Oct 2022 | Apr 2022 to Sep 22 | MSME returns a half yearly return with the registrar in respect of outstanding payment to msme. | For all companies |
| 29th Oct 2022 | FY- 2021-2022 | Statement of accounts and solvency | All limited liability partnership |
| Within 60 days of AGM (before 29th Nov 2022) | FY- 2021-2022 | Annual return of Form MGT-7 & MGT-8 | Applicable for all companies |
| 29th November 2022 | April to September | Reconciliation of share capital audit report (Half- yearly) | All unlisted public company |
| 31st Dec 2022 | FY- 2022-2023 | Board meeting of quarter 3rd | Applicable for all companies |
31st Dec 2022 | FY- 2021-2022 | RBI annual report of performance | All companies having investment in foreign |
| Before 31st march 2023 | FY- 2022-2023 | Board meeting of quarter 4th | Applicable for all companies |
Compliance calendar of FY 2022-23 for the month of January to March in excel download
This is the end of our discussion on the compliance calendar FY 2022-23. Let’s know your other queries and opinions on this topic. Mention below the comment box.
Disclaimer – This calendar has been updated only for the information purposes.
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