India Entry & Business Startup Consultings

Due Dates of Income Tax and GST Compliance Calendar July 2022 for Corporates

Due Dates of Income Tax and GST Compliance Calendar July 2022 for Corporates

This article comprising of compliances and due dates for the month of July 2022 which is however subject to changes and notifications of extension as and when notified by the Government. The citizen and corporate must comply to the rules and regulations as per Indian law. The month of July, 2022 is crucial for the due dates for various compliances under Income Tax Act, Goods and Service Act, Companies Act and LLP Act. It is always recommended that businesses and companies know their due dates clearly in advance to ensure not missing the deadline.

Here, we have prepared a Compliance Calendar for Income Tax, GST, and Statutory Due Dates for July 2022 that includes GST due dates of July 2022 and Income Tax Return due dates Compliance Calendar for the month of July, 2022.

Income Tax Due Dates Compliance Calendar for July 2022

Sr. No.

Date

Compliance

1

7th July 2022

Deposit of TDS/TCS for June, 2022. However, all sum deducted/collected by a government office shall be paid to the Central Government on the same day where tax is paid without production of an Income-tax Challan for the period of June 2022

2

Due date for deposit of TDS for the period April 2022 to June 2022 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H

3

15th July 2022

The due date for issue of TDS Certificate for tax deducted under sections 194-IA, 194-IB and 194M for the period of May 2022

4

Quarterly statement of TCS deposited for the quarter ending 30th June 2022

5

Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June 2022

6

E-payment of Provident Fund through Electronic Challan cum Return (ECR)(PF) and ESI payment through ESI challan for the period of June 2022

7

30th July 2022

Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2022

8

The due date for furnishing of challan-cum-statement in respect of tax deducted under sections 194-IA, 194-IB and 194M for the period of June 2022

9

31st July 2022

Quarterly statement of TDS deposited for the quarter ending June 30, 2022

10

Return of income for the assessment year 2022-23 for all assessee other than

  1. corporate-assessee or
  2. non-corporate assessee (whose books of account are required to be audited) or
  3. partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A applies or
  4. an assessee who is required to furnish a report under section 92E.

11

The due date for claiming a foreign tax credit, upload a statement of foreign income offered for tax for the previous year 2021-22 and of foreign tax deducted or paid on such income in Form no. 67. (If the assessee is required to submit a return of income on or before July 31, 2022.)

12

Intimation in Form 10BBB by a pension fund in respect of each investment made in India for the quarter ending June 2022

 

GST Compliance Calendar for the month of July, 2022

S. No.

Due Date

Forms

Description

1

10th July 2022

GSTR-7

Return for Tax Deducted at source to be filed by Tax Deductor for the period of June 2022.

 

10th July 2022

GSTR-8

E-Commerce operator registered under GST liable to deduct TCS for the period of June 2022

3

11th July 2022

GSTR-1

Taxpayers having an aggregate turnover of more than INR 5 crores or opted to file monthly return for the period of June 2022.

4

13th July 2022

GSTR-1

Taxpayers who have opted for Invoice Furnishing Facility (IFF) under Quarterly Return Monthly Payment (“QRMP”) Scheme for the period of June 2022

5

13th July 2022

GSTR-6

Every Input Service Distributor (ISD) for the period of June 2022

6

20th July 2022

GSTR-5

Return for Non-Resident taxable Person for the period of June 2022

7

20th July 2022

GSTR-5A

Return for NRI, providing online information and database access or retrieval services to non-taxable person in India for the period of June 2022.

8

20th July 2022

GSTR-3B

Taxpayers having an aggregate turnover of more than INR 5 crore or have opted to file monthly return for the period of June 2022

 

 

 

Taxpayer having an aggregate turnover up to INR 5 crore and whose principal place are in the state of (Opt for QRMP Scheme):

9

22nd July 2021

GSTR-3B

Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh or in the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep for the period of April-June, 2022

 

 

 

Taxpayer having an aggregate turnover up to INR 5 crore and whose principal place are in the state of (Opt for QRMP Scheme):

10

24th July 2021

GSTR-3B

Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or in the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi for the period of April-June, 2022

11

28th July 2022

GSTR-11

Statement of inward supplies received by persons having Unique Identification Number for the period of June 2022

12

31th July 2022

CMP-08

Quarterly challan-cum-statement to be furnished by composition dealers for the period of April- June, 2022

 

In Nutshell:

Compliance Calendar due dates are crucial for individuals and corporates to comply with various compliances under the Goods and Service Act, Income Tax Act, Companies Act and LLP Act. Filing the above-mentioned forms on or before the due dates will save the Taxpayers from hefty penalties. In case of any query, please feel free to contact the ASC Group.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

 

SUBSCRIBE OUR NEWS LETTER