Tax Compliance Tracker: Sep 2023

Tax Compliance Tracker

Presenting the September 2023 Statutory Tax Compliance Tracker, a thorough tool crafted to clarify the complexities of following the Income Tax Act of 1961 and the Goods and Services Tax (GST) Act of 2017 during the entire month of September 2023. We’ve included important dates you need to remember to submit your taxes correctly. Whether you’re an individual or a business, this tracker will make it easier for you to stay on top of your tax responsibilities.

Inside this tax compliance tracker, we break down the main things you need to do to follow the law when it comes to taxes. We’ll tell you when you need to pay your taxes, give out certificates for Tax Deducted at Source (TDS), send in forms and reports, and send in your GST payments. We also make it clear which rules apply to you based on how much money you make and how often you need to file your taxes. This way, you’ll know exactly what you need to do to stay on the right side of the tax rules.

Tax Compliance Tracker – September 2023 (Updated on 29.08.2023)

Sl.Compliance ParticularsDue Dates
1Due date for deposit of Tax deducted/collected for the month of August 2023. 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 when tax is paid without the production of an Income-tax Challan07.09.2023
2Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of July 202314.09.2023
3Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of July 202314.09.2023
4The due date for issue of TDS Certificate for tax deducted under section 194M in the month of July 202314.09.2023
5The due date for the issue of the TDS Certificate for tax deducted under section 194S is in the month of July 2023. Note: Applicable in case of the specified person as mentioned under section 194S14.09.2023
6Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of August 2023 has been paid without the production of a challan15.09.2023
7Second instalment of advance tax for the assessment year 2024-2515.09.2023
8The due date for 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 month of August 202315.09.2023
9The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of August 202330.09.2023
10The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of August 202330.09.2023
11The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of August 202330.09.2023
12The due date for furnishing challan-cum-statement in respect of tax deducted under section 194S in the month of August 2023. Note: Applicable in case of the specified person as mentioned under section 194S30.09.2023
13The due date for filing of audit report under section 44AB for the assessment year 2023-24 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on October 31, 2023)30.09.2023
14Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply the income of the previous year in the next year or in the future (if the assessee is required to submit a return of income on November 30, 2023)30.09.2023
15Statement 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 a return of income on November 30, 2023)30.09.2023
16Quarterly statement of TCS deposited for the quarter ending June 30, 2023. Note: The due date of furnishing the TCS statement has been extended from June 30, 2023, to September 30, 2023, vide Circular no. 9/2023, dated 28-06-202330.09.2023
17Quarterly statement of TDS deposited for the quarter ending June 30, 2023. Note: The due date of furnishing the TDS statement has been extended from June 30, 2023, to September 30, 2023, vide Circular no. 9/2023, dated 28-06-202330.09.2023

Important Announcement of Tax Compliance Tracker

  1. The Center has declared a 3-month extension for the execution of updated TCS rates. The elevated TCS rates, initially scheduled to be enforced from 1st July 2023, will now be applicable starting from October 1, 2023.
  2. Compliance Requirement under GST, 2017

Filing of GSTR –3B / GSTR 3B QRMP

a) Taxpayers having aggregate turnover > Rs. 5 Cr. in the preceding FY

Tax periodDue DateParticulars
Aug, 202320th September, 2023Due Date for filing GSTR – 3B return for the month of August 2023 for taxpayers with Aggregate turnover exceeding INR 5 crores during the previous year.

b). Taxpayers having aggregate turnover up to Rs. 5 crores in the preceding FY (Group A)

Tax PeriodDue DateParticulars
Aug, 202322nd September, 2023Due Date for filing GSTR – 3B return for the month of Aug., 2023 for taxpayers with Aggregate turnover up to INR 5 crores during the previous year and who have opted for Quarterly filing of GSTR-3B in Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep.

c). Taxpayers having aggregate turnover up to Rs. 5 crores in the preceding FY (Group B)

Tax periodDue DateParticulars
Aug, 202324th September, 2023Annual Turnover: Up to INR 5 Cr in Previous FY But Opted Quarterly Filing
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

B. Filing Form GSTR-1:

Tax PeriodDue DateRemarks
Monthly (Aug 2023)11.09.20231. GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding year. 2. Registered person, with aggregate turnover of less than INR 5 Crores during the preceding year, opted for monthly filing of returns under QRMP.

C. Non-Resident Tax Payers, ISD, TDS & TCS Taxpayers:

Form No.Compliance ParticularsTimelineDue Date
GSTR-5Non-resident ODIAR services providers file Monthly GST Return20th of the succeeding month20.09.2023
GSTR-5ANon-resident ODIAR services recipients file Monthly GST Return20th of the succeeding month20.09.2023
GSTR-6Return for Input Service Distributor (ISD)13th of the succeeding month13.09.2023
GSTR-7Return for Tax Deducted at Source (TDS) by Tax Deductor10th of the succeeding month10.09.2023
GSTR-8Return for E-Commerce operator liable to TCS10th of the succeeding month10.09.2023

D. GSTR – 1 QRMP monthly / Quarterly return:

Form No.Compliance ParticularsTimelineDue Date
IFFDetails of outward supply-IFF & Summary of outward supplies by taxpayers who have opted for the QRMP scheme.GST QRMP monthly return due date for the month of April, 2022. Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.
SummarySummary of outward supplies by taxpayers who have opted for the QRMP scheme.13th of succeeding month – Monthly Quarterly Return13.09.2023

E. GST Refund: 

Form No.Compliance ParticularsDue Date
RFD -10Refund of Tax to Certain Persons18 Months after the end of the quarter for which a refund is to be claimed

F. Monthly Payment of GST – PMT-06:

Compliance ParticularDue Date
Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP.25.09.2023

G. GSTR 11:

Statement of inward supply of goods or services or both received by UIN holders GSTR-11 is the return to be filed by the persons who have been issued a Unique Identity Number and claim a refund of the taxes paid on their inward supplies. Due date: Must be filed by the 28th of the month following the month in which inward supply is received by the UIN holders.

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