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Tax compliance is a crucial aspect of every business operation. It ensures that individuals and companies fulfill their financial obligations to the government. In India, the month of October 2023 brings with it a range of tax-related deadlines and responsibilities. To help you stay organized and avoid any penalties, here's a detailed guide to the tax compliance due dates for October 2023:
| Due Date | Purpose | Month | Description |
|---|---|---|---|
| 7th Oct | TDS & TCS deposit | Sep'23 | TDS & TCS deposit for September 2023 under Income Tax laws |
| 10th Oct | GSTR-7 (Monthly) | Sep'23 | Summary of Tax Deducted at Source (TDS) and deposited under GST laws |
| 10th Oct | GSTR-8 (Monthly) | Sep'23 | Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws |
| 11th Oct | GSTR-1 (Monthly) | Sep'23 | Summary of outward supplies where turnover exceeds Rs.5 crore or have not chosen the QRMP scheme for Jul-Sep'23 |
| 13th Oct | GSTR-1 (Quarterly) | Jul-Sep'23 | Summary of outward supplies by taxpayers who have opted for the QRMP scheme |
| 13th Oct | GSTR-5 (Monthly) | Sep'23 | Summary of outward taxable supplies and tax payable by a non-resident taxable person |
| 13th Oct | GSTR-6 (Monthly) | Sep'23 | Details of ITC received and distributed by an ISD |
| 14th Oct | Form ADT-1 (Auditor) | FY 2022-23 | To be filed within 15 days from the conclusion of AGM |
| 15th Oct | PF / ESI TCS return | Sep'23 & Jul-Sep '23 | Depositing contribution towards PF / ESI and filing of Form 27EQ for the quarter ended September 2023 under Income Tax laws |
| 18th Oct | CMP-08 (Quarterly) | Jul-Sep'23 | Quarterly challan-cum-statement to be furnished by composition taxpayers |
| 20th Oct | GSTR-5A (Monthly) | Sep'23 | Summary of outward taxable supplies and tax payable by a person supplying OIDAR services |
| 20th Oct | GSTR-3B (Monthly) | Sep'23 | Summary return for taxpayers with turnover more than Rs.5 crore in the last FY or have not chosen the QRMP scheme for Jul-Sep'23 |
| 22nd Oct | GSTR-3B (Quarterly, Category X) | Jul-Sep '23 | Summary return for taxpayers who have opted for the QRMP scheme and registered in category X states or UTs |
| 24th Oct | GSTR-3B (Quarterly, Category Y) | Jul-Sep'23 | Summary return for taxpayers who have opted for the QRMP scheme and are registered in category Y states or UTs |
| 25th Oct | ITC-04 (Half-Yearly) | Apr-Sep 23 | Half-yearly summary of goods sent to or received from a job-worker for those with a turnover more than Rs.5 crore in the last FY |
| 28th Oct | GSTR-11 (Monthly) | Sep'23 | Statement of inward supplies by persons having Unique Identification Number (UIN) for claiming a GST refund |
| 30th Oct | TCS Certificate (Quarter 2) | Jul-Sep '23 | Issue of TCS certificate for Quarter 2 of FY 2023-24 under Income Tax laws |
| 30th Oct | Form 8 (LLP) | FY 2022-23 | To be filed annually with the ROC, also known as the statement of accounts and solvency |
| 30th Oct | Form AOC-4 (Annual Accounts) | FY 2022-23 | To be filed 30 days from the conclusion of AGM |
| 31st Oct | TDS Returns (Salary and Non-Salary) | Jul-Sep '23 | Filing of Quarterly TDS returns (Form 24Q or Form 26Q) under Income Tax laws |
| 31st Oct | ITR Filing for Assessee Covered Under Tax Audit | FY 22-23 | ITR filing for assessees requiring tax audit, other than TP cases |
| 31st Oct | Transfer Pricing Audit Report | FY 22-23 | Submission of the TP audit report for FY 2022-23 |
| 31st Oct | Form MSME (Outstanding Payments to MSMEs) | Apr 2023 - Sep 2023 | Half-yearly return with the registrar for outstanding payments to Micro or Small Enterprises |
NOTE:
#Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.
##Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.
It's essential to mark these dates on your calendar and ensure timely compliance with these tax-related obligations. Non-compliance can lead to penalties and legal consequences. Consult with tax professionals if you have any doubts about your specific requirements. Staying organized and meeting your tax deadlines is a key aspect of responsible financial management for individuals and businesses alike.
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