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Income Tax, MCA & GST Compliance Calendar June 2022 Due Dates for Corporates

Income Tax, MCA & GST Compliance Calendar June 2022 Due Dates for Corporates

In India, owning a business comes with certain compliances which a corporate must comply before the due dates to ensure smooth operation of company.  The citizen must comply to the rules and regulations as per the Indian law. June 2022 Compliance Calendar consist of several compliances’ due dates which the corporate and individual must meet under incomes tax Act, GST Act and other statutory compliance due dates.

The Due Dates includes the Due Dates for ROC Filing, Income Tax Return Filing, GST Return Filing, etc. In this article, we have listed a Compliance Calendar for Income Tax Compliance Calendar & GST Compliance Calendar Due Dates falling in June 2022 that might be helpful for every corporate and professional to keep a track of due dates for the compliance.

Income Tax Due Dates Compliance Calendar for June 2022

Due Date

Compliance

7th June 2022

Deposit of TDS/TCS for May, 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 May 2022.

14th June

Issuance of TDS Certificate for tax deducted under Section 194-IA, 194-IB and 194M for the period of April 2022.

15th June

Furnishing of Form 24G by Government office where TDS/TCS for May, 2022 has been paid without the production of a challan.

Quarterly TDS certificates (in respect of TDS deducted for payments other than salary) Quarter ending March 2022.

The first installment of advance tax for the assessment year 2023-24.

TDS Certificate to employees in respect of salary paid and tax deducted during FY 2021-22.

Furnishing statement in Form No. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the period of May 2022.

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

30th June

Furnishing of challan-cum-statement for tax deducted under Section 194-IA, 194-IB and 194M for the period of May 2022.

Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to unit holders for income distributed during the previous year 2021-22.

?Report by an approved institution/public sector company u/s 35AC(4)/(5) for the year ending March 31, 2022.

Furnishing of statement of income distributed by business trust to its unit holders during the FY 2021-22 in Form No. 64B.

?Furnishing of Equalization Levy statement for the FY 2021-22.

MCA Due dates Compliance Calendar for June, 2022

Due Date

Compliance

30th June

Filing of LLP-11 i.e., annual statement for furnishing details of the business of LLP and its partners (as extended to 30th June 2022 by MCA) during FY 2021-22.

 

GST Due dates Compliance Calendar for June, 2022

Due Date

Forms

Description

10.06.2022

GSTR-7

Return for Tax Deducted at source to be filed by Tax Deductor for the period May, 2022

10.06.2022

GSTR-8

E-Commerce operator registered under GST liable to TCS for the period May, 2022

11.06.2022

GSTR-1

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

13.06.2022

GSTR-1

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

13.06.2022

GSTR-6

Every Input Service Distributor (ISD) Deductor for the period May, 2022

20.06.2022

GSTR-5

Return for Non-Resident taxable Person Deductor for the period May, 2022

20.06.2022

GSTR-5A

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

20.06.2022

GSTR-3B

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

22/06/2022, 24/06/2022

GSTR-3B

Taxpayers who have opted for quarterly filing as per QRMP scheme

25.06.2022

GST Challan

GST Challan payment if no sufficient ITC for May (for all quarterly filers) Deductor for the period May, 2022

28.06.2022

GSTR-11

Statement of inward supplies received by persons having Unique Identification Number Deductor for the period May, 2022

In Nutshell

The month of June 2022 is vital for the various compliance due dates for various compliances under GST Act, Companies Act, Income Tax Act, and LLP Act. Its mandatory to file the given forms on or before the due dates for Taxpayers to save from hefty penalties. However, these compliance due dates are subject to the extensions according to the representations made by the stakeholders and circumstances. In case of any query, please feel free to contact the ASC Group.

 

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