Due date compliance calendar May
Due date Compliance Calendar May 2023 – Income Tax
| Dates | Act | Nature of Due dates |
| 7th May 23 | Income Tax | Due date for deposit of TDS / TCS for April 2023. TDS / TCS by Government officer shall be paid on the same day where tax is paid without production of an Income Tax challan. |
| 7th May 23 | Income Tax | Eqalisation levy payment due date for the month of April 2023 in respect of qualization levy on “Specified services”. Know more about “Equalistion levy tax with examples” |
Also See, “TDS on Purchase of Goods”
Also See, “TDS Rate Chart for F.Y. 2023-24”
| 15th May 23 | Income Tax | Due date for issue TDS certification for tax deduction under Section 194I-A for the month of March 2023. |
| 15th May 23 | Income Tax | Due date for issue TDS certification for tax deduction under Section 194I-B for the month of March 2023. |
| 15th May 23 | Income Tax | Due date for issue TDS certification for tax deduction under Section 194M for the month of March 2023. |
| 15th May 23 | Income Tax | Due date for issue TDS certification for tax deduction under Section 194S for the month of March 2023. |
| 15th May 23 | Income Tax | Form No 3BB due date by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of April 2023. |
| 15th May 23 | Income Tax | Form 24G by Government officer where TDS/TCS for April 2023 has been deposited without production of challan. |
| 15th May 23 | Income Tax | TCS Quarterly Return for the period January 23 to March 23. |
| 30th May 23 | Income Tax | Form No 49C by non-resident having a liaison office in India for the Financial year 2022-23 |
| 30th May 23 | Income Tax | Due date for furnishing of Challan cum Statement in respect of TDS under section 194-IA for month of April 2023. |
| 30th May 23 | Income Tax | Due date for furnishing of Challan cum Statement in respect of TDS under section 194-IB for month of April 2023. |
| 30th May 23 | Income Tax | Due date for furnishing of Challan cum Statement in respect of TDS under section 194-M for month of April 2023. |
| 30th May 23 | Income Tax | Due date for furnishing of Challan cum Statement in respect of TDS under section 194-S for month of April 2023. |
| 30th May 23 | Income Tax | Issue of TCS Certificate for the 4th Quarter of the Financial year 2022-23. |
| 31st May 23 | Income Tax | Quarterly TDS Return for the period of January 23 to March 23. |
| 31st May 23 | Income Tax | Return of Tax deduction from contributions paid by the trustees of an approved superannuation fund. |
| 31st May 23 | Income Tax | SFT return (Statement of financial transaction) in Form No 61A under section 285BA for Financial year 2022-23. |
| 31st May 23 | Income Tax | Due date for e-filing of annual statement of reportable accounts under section 285BA(1)(K) in Form No. 61B for calendar year 2022 by reporting financial institutions. |
| 31st May 23 | Income Tax | Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2022-23 and hasn’t been allotted any PAN. |
| 31st May 23 | Income Tax | Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN. |
| 31st May 23 | Income Tax | Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on or before July 31, 2023). |
| 31st May 23 | Income Tax | Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on or before July 31, 2023). |
Due date Compliance Calendar May 2023 – GST
| Dates | Act | Nature of Due dates |
| 10th May 23 | GST | GSTR – 7 (TDS Deducted) for the month of April 23. |
| 10th May 23 | GST | GSTR – 8 (TCS Collected by E-Commerce Operator) for the month of April 23. |
| 11th May 23 | GST | GSTR – 1 for the month of April 23 for taxpayer who does not opt QRMP scheme under GST. |
| 13th May 23 | GST | GSTR – 1 or Invoice furnishing facility (IFF) for taxpayer who opt QRMP Scheme under GST. Know more about “QRMP Scheme under GST”. |
| 13th May 23 | GST | GSTR 6 (Return by Input Service distributor for the month of April 23. |
| 13th May 23 | GST | GSTR – 5 by non-resident taxpayers for the month of April 23. |
| 13th May 23 | GST | GSTR -5A by OIDAR service providers for the month of April 23. |
| 20th May 23 | GST | GSTR 3B for the month of April 23 for the taxpayer having turnover more than Rs 5 Cr in previous year. |
| 25th May 23 | GST | GST April 2023 monthly payment for taxpayers who opt for QRMP Scheme under GST. |
| 30th May 23 | GST | ITC – 03 for taxpayers who opted for composition scheme or by a dealer whose taxable goods or services become exempts. |
Due date Compliance Calendar May 2023 – Others
| Dates | Act | Nature of Due dates |
| 15th May 23 | PF and ESI | EPF and ESI payment for the month of April 2023. |
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