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GST & Income Tax Due Date Compliance Calendar May 2022 for Corporates and Individuals

GST & Income Tax Due Date Compliance Calendar May 2022 for Corporates and Individuals

The month of May 2022, is noteworthy for the due dates of various compliances under the GST, Income Tax Act, Companies Act, and LLP Act. Businesses or Individuals, having their operations are bound to adhere to the tax compliance. Filing the compliances on or before the due dates saves the taxpayers from penalties. However, the due dates may be extended sometimes by the concerned departments on the basis of various events by the stakeholders. This article is a compilation of all monthly due dates of compliance for May 2022 related to GST, ESI, Income Tax, ESI, RBI, PF Acts, etc. 

Important due dates for the Income Tax and PF/ESI for May 2022

It includes the compliance calendar of Due dates for payment of TDS/TCS, Payment of Advance Tax, Issuance of TDS/TCS Certificates, linking of Aadhaar numbers with PAN, Payment of PF/ESIC and PF Return filling.
 

Date

Compliance

7th May 2022

The due date for deposit of TDS / TCS for the month of April, 2022. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.

15th May 2022

The due date for the issue of the TDS certificate for tax deducted under sections 194-IA, 194-IB and 194-M in March 2022.

The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2022 has been paid without the production of a challan.

?Quarterly statement of TCS deposited for the quarter ending March 31, 2022.

E-payments of Provident Funds in April 2022

E-payments of Employee State Insurance in April 2022

30th May 2022

Submission of a statement (in Form No. 49C) by a non-resident having a liaison office in India for the financial year 2021-22.

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

Issue of TCS certificates for the 4th Quarter of the Financial Year 2021-22

Annual Return of LLP in Form LLP-11

31st May 2022

Quarterly statement of TDS deposited Quarter ending March 2022

??Return of tax deduction from contributions paid by the trustees of an approved superannuation fund Quarter ending March 2022

The due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under section 285 BA(1) of the Income Tax Act.

The due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for the calendar year 2021 by reporting financial institutions

Application for allotment of PAN in case of a non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2021-22 and hasn't been allotted any PAN

Application for allotment of PAN in case of a 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

 

Important due dates for the GST Compliance for May 2022

This article is a compilation of all monthly due dates of compliance for May 2022 related to GST which includes compliance related to GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, GSTR-11, etc. 

Due Date

Forms

Description

 

10th May 2022

 

 

GSTR-7

 

Return for Tax Deducted at source to be filed by Tax Deductor for April, 2022

 

10th May 2022

 

GSTR-8

 

E-Commerce operator registered under GST liable to TCS for April, 2022

 

11th May 2022

 

GSTR-1

 

Taxpayers having an aggregate turnover of more than INR 5 crores or opted to file monthly return for April, 2022

 

 

13th May 2022

 

GSTR-1

 

Taxpayers who have opted for Invoice Furnishing Facility (IFF) under Quarterly Return Monthly Payment (“QRMP”) Scheme for April, 2022

 

 

13th May 2022

 

GSTR-6

 

Every Input Service Distributor (ISD) for April, 2022

 

14th May 2022

 

GSTR-2B

 

Auto generated ITC statement for April, 2022

 

 

20th May 2022

 

GSTR-5

 

 

Return for Non-Resident taxable Person for April, 2022

 

20th May 2022

 

GSTR-5A

 

Return for NRI, providing online information and database access or retrieval services to non-taxable person in India for April, 2022

 

 

20th May 2022

 

GSTR-3B

 

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

 

 

25th May 2022

 

 

PMT-06

 

Taxpayers who have opted to file return under QRMP Scheme for April, 2022

 

28th May 2022

 

 

GSTR-11

 

Statement of inward supplies received by persons having Unique Identification Number for April, 2022

 

In case of any query, please feel free to contact the ASC Group.

 

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