Managing taxes is an essential aspect of maintaining a smooth financial journey for individuals and businesses alike. To help you stay organized and meet your tax obligations in a timely manner, we have compiled a comprehensive tax calendar for the month of June 2023. This table-wise guide will assist you in keeping track of important tax-related dates and payments throughout the month.
June 7: TDS Payment for May 2023
Ensure timely payment of Tax Deducted at Source (TDS) for the month of May 2023. It is crucial to fulfill this obligation by the specified deadline to avoid penalties or interest charges.
June 10: Professional Tax (PT) on Salaries for May 2023
Please note that the due date for Professional Tax (PT) on Salaries may vary from state to state. We recommend contacting eztax.in for expert assistance to determine the specific deadline applicable to your state.
June 11: GSTR 1 (Monthly) for May 2023
File your Goods and Services Tax Return (GSTR 1) for the month of May 2023. This monthly return contains details of outward supplies and must be submitted within the prescribed timeframe.
June 13: GSTR 1 IFF (Optional) (May 2023) for QRMP
If you are a Quarterly Return Monthly Payment (QRMP) scheme participant, the optional GSTR 1 Invoice Furnishing Facility (IFF) for May 2023 must be submitted by this date. The IFF allows you to report B2B invoices for the first two months of a quarter.
June 15: Advance tax Payment for April to June 2023 (1st Installment)
Make the first installment of Advance Tax for the period from April to June 2023. Ensure your payment reflects your estimated tax liability to avoid any penalties for underpayment.
June 15: Provident Fund (PF) & ESI Returns Payment for May 2023
Employers must deposit Provident Fund (PF) and Employee State Insurance (ESI) contributions for the month of May 2023 by this date. Fulfill your statutory obligations and ensure your employees' benefits are processed efficiently.
June 15: Issuance of TDS Certificates Form 16/16A for Jan to March 2023
Issue Form 16/16A, which is a TDS certificate, to employees and parties from whom you have deducted tax at source for the period from January to March 2023. Timely distribution of these certificates is crucial for compliance purposes.
June 20: GSTR 3B for May 2023 (Monthly)
Submit your GSTR 3B return, a summary of your monthly tax liability, for the month of May 2023. Ensure accurate reporting of your tax details within the specified timeframe.
June 25: GST Challan Payment if no sufficient ITC for May 2023 (for all Quarterly Filers)
If you are a quarterly filer and do not have sufficient Input Tax Credit (ITC) to offset your tax liability for May 2023, make the necessary GST challan payment by this date.
June 30: Form DPT 3 for FY 2022-23 for Companies
Companies are required to file Form DPT 3, which captures details of outstanding loans or borrowings, by the end of June 2023 for the financial year 2022-23.
June 30: TDS Payment in Form 26QB (Property), 26QC (Rent), 26QD (Contractor Payments) for May 2023
Complete the TDS payment for property transactions (Form 26QB), rent payments (Form 26QC), and contractor payments (Form 26QD) for the month of May 2023 by the end of June 2023.
June 30: IEC Code Renewal
If you hold an Importer-Exporter Code (IEC), remember to renew it before the expiry date. The renewal process ensures the smooth continuation of your import and export activities.
Conclusion:
By following this tax calendar for June 2023, you can proactively manage your tax obligations and avoid any penalties or interest charges. Remember to consult with tax experts or refer to the relevant government websites for detailed information on each tax requirement. Stay organized and ensure compliance to enjoy a hassle-free financial journey.
Comments
Post a Comment
If you have any doubts, Please let me know