June 2023 Tracker For Income Tax and GST Compliance
The June 2023 Tracker for Income Tax and GST Compliance provides a comprehensive overview of important deadlines and requirements for tax compliance in June 2023. It serves as a valuable resource for individuals and businesses, ensuring they stay on top of their income tax and Goods and Services Tax (GST) obligations.
|
Due Dates |
Compliance Particulars |
|
7th June 2023 |
The deadline for depositing the tax amount deducted or collected for the month of May 2023 is approaching. In the case of an office of the government, any amount deducted or collected must be paid to the Central Government on the same day as the tax payment, without the need for an Income-tax Challan. |
|
14th June 2023 |
The due date for furnishing the TDS Certificate for tax deducted u/s 194-IA in April 2023 |
|
14th June 2023 |
The due date for furnishing the TDS Certificate for tax deducted u/s 194-IB in April 2023 |
|
14th June 2023 |
The due date for furnishing the TDS Certificate for tax deducted u/s 194M in the month of April 2023 |
|
14th June 2023 |
The due date for furnishing the TDS Certificate for tax deducted u/s 194S in April month of 2023 Note: Applicable in case of a specified person as mentioned u/s 194S |
|
15th June 2023 |
The deadline for submitting Form 24G by a government office, in cases where the TDS/TCS for the month of May 2023 has been paid without using a challan, is approaching. |
|
15th June 2023 |
Quarterly TDS certificates (Regarding tax deducted for payments other than salary) for the quarter ending March 2023 |
|
15th June 2023 |
The first instalment of advance tax for the assessment year 2024-25 |
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15th June 2023 |
The certificate of tax deducted at source (TDS) needs to be issued to employees in respect of the salary paid and tax deducted during the Financial Year 2022-23. |
|
15th June 2023 |
The deadline for providing the statement in Form No. 3BB by a stock exchange, regarding transactions where client codes have been modified after registering in the system, for the month of May 2023, is approaching. |
|
15th June 2023 |
Furnishing of the statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the previous year 2022-23 |
|
29th June 2023 |
The deadline for electronically filing a statement (in Form No. 3CEK) by an eligible investment fund u/s 9A, regarding its activities in the financial year 2022-23, is approaching. |
|
30th June 2023 |
The due date for providing the challan-cum-statement for tax deducted u/s 194-IA in May 2023 is approaching. |
|
30th June 2023 |
The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of May 2023 |
|
30th June 2023 |
The due date for submitting the challan-cum-statement for tax deducted u/s 194M in the month of May 2023 is approaching. |
|
30th June 2023 |
The deadline for submitting the challan-cum-statement for tax deducted under section 194S in the month of May 2023 is approaching. This requirement is applicable to specified persons as mentioned u/s 194S. |
|
30th June 2023 |
Return regarding the securities transaction tax for the financial year 2022-23 |
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30th June 2023 |
The banking company is required to file a quarterly return for non-deduction of tax at source from interest on time deposit for the quarter ending March 31, 2023. |
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30th June 2023 |
The statement, to be furnished by an Alternative Investment Fund (AIF) to its unit holders regarding the income distributed during the previous year 2022-23, should be provided in Form No. 64C. |
|
30th June 2023 |
For the financial year ending on March 31, 2023, an approved institution or a public sector company must fulfill the obligation of submitting a report as per the provisions of section 35AC(4)/(5). |
|
30th June 2023 |
The deadline for providing the statement of income distributed by a business trust to its unit holders during the financial year 2022-23 is approaching. This statement, which needs to be furnished to the unit holders, should be in Form No. 64B. |
|
30th June 2023 |
Furnishing of Equalisation Levy statement for the FY 2022-23 |
|
30th June 2023 |
To ensure that your PAN remains active and functional, it is important to link it with your Aadhaar before the revised deadline of June 30, 2023. Please note that the original deadline of March 31, 2023, has been extended as per the press release issued on March 28, 2023. |
GSTR Filing 3B/GSTR3B QRMP
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(i) Taxpayers with an aggregate turnover > Rs. 5 Crore in Preceding Financial Year
|
Due Date |
Tax Period |
Compliance Particulars |
|
20th June 2023 |
May 2023 |
The due date for filing the GSTR-3B return for the month of May 2023 is applicable to taxpayers whose aggregate turnover exceeded Rs. 5 crores in the previous year. On the other hand, taxpayers with an aggregate turnover of up to Rs. 5 crores in the previous year who have chosen the Quarterly Return Monthly Payment (QRMP) scheme have a due date for submitting the GSTR-3B return for the quarter covering January to March 2022. |
(ii) Taxpayers with aggregate turnover up to Rs. 5 Crores in the preceding financial year (Group A)
|
Due Date |
Tax Period |
Particulars |
|
22nd June 2023 |
May 2023 |
Due Date for filling GSTR–3 B return for the month of May 2023 for the taxpayer with Aggregate turnover upto INR 5 crores during the previous year and who have opted for Quarterly filing of GSTR-3B |
States Under Group A: Andhra Pradesh, Puducherry, Andaman and Nicobar Islands, Lakshadweep, Chhattisgarh, Madhya Pradesh, Daman & Diu, and Dadra & Nagar Haveli, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana,
Taxpayers with aggregate turnover up to Rs. 5 Crores in the previous Financial year (GroupB)
Due Date |
Tax Period |
Compliance Particulars |
|
May 2023 |
24th June 2023 |
Annual Turnover Upto INR 5 Cr in Previous FY But Opted Quarterly Filing |
Odisha, Jammu and Kashmir, Haryana, Rajasthan, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Ladakh, Chandigarh, Delhi, Himachal Pradesh, Punjab, Uttarakhand, Uttar Pradesh, Bihar, Sikkim
Filing Form GSTR1
|
Due Date |
Tax Period |
Remarks |
|
Monthly Return (May 2023) |
11th June 2023 |
1. A registered person with an aggregate turnover exceeding Rs. 5 Crores during the previous year is required to file GST returns.
2. Registered persons who have an aggregate turnover of less than Rs. 5 Crores during the previous year and have chosen to file returns on a monthly basis under the QRMP (Quarterly Return Monthly Payment) scheme. |
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Non-Resident Taxpayers, TDS, TCS & ISD
|
Form no. |
Due Date |
Time limit |
Compliance Particulars |
|
GSTR5 & 5A |
20th June 2023 |
20th of next month |
Non-resident ODIAR services provider file Monthly GST Return |
|
GSTR6 |
13th June 2023 |
13th of next month |
ISD (input service distributor) |
|
GSTR7 |
10th June 2023 |
10th of next month |
Return for (TDS) Tax Deducted at source to be filed by tax Deductor |
|
GSTR8 |
10th June 2023 |
10th of next month |
E-Commerce operators registered under GST are liable to TCS
|
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GSTR-1 QRMP Monthly/Quarterly Return
|
Form No. |
Compliance Particulars |
Time limit |
Due Date |
|
The information regarding the outward supply made through the Invoice Furnishing Facility (IFF) and the summary of outward supplies by taxpayers who have chosen the Quarterly Return Monthly |
The due date for the monthly return under the GST QRMP scheme for the month of April 2022, specifically for taxpayers with an annual aggregate turnover of up to Rs. 1.50 Crore, and for the details of outward supplies made through the Invoice Furnishing Facility (IFF), as well as the summary of outward supplies by taxpayers who have opted for the QRMP scheme, is as follows. |
13th of succeeding month – Monthly Quarterly Return |
13th June 2023
|
GST Refund
|
Due Date |
Compliance Particulars |
|
18 Months for which a refund is to be claimed after the end of the quarter |
Refund of Tax to Certain Persons |
Monthly Payment of GST - PMT-06:
|
Due Date |
Compliance Particular |
|
25th June 2023 |
The payment due date for GST (Goods and Services Tax) for a taxpayer with an aggregate turnover of up to Rs. 5 crores in the previous year, and who has been selected to file returns on a quarterly basis under the QRMP (Quarterly Return Monthly Payment) scheme. |
Also, Read: "ITR Filing Due Date, Benefit, & Documents For AY: 2023-24".
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Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com
Krishna Gopal Varshney
An editor at MyitronlinenewsKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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