“The first step towards getting somewhere is to decide you’re not going to stay where you are.”
—J.P. Morgan
Compliance Calendar for month of January 2023
This article compiles due-dates for GST, Income Tax, ESI, PF Acts, and Companies Act compliances with a primary focus on Individuals, Professionals, and SME Businesses.
These due-dates are subject to extensions based on stakeholder representations and circumstances. We will notify you as soon as any due-dates are extended.
In accordance with applicable laws and regulations, colour coding is employed for better understanding.
Total days – 31
No. of due dates- 11
Note:
1. Reconciliation of ITC with GSTR-2B auto-populated details of invoices is mandatory for availment of ITC in GSTR-3B by the recipient taxpayer.
2. Mandatory separate disclosures of ineligible ITC and ITC reclaimed during the month in GSTR-3B. The Department has started sending intimation to the companies to comply with the disclosure norms for Ineligible ITC in GSTR-3B.
3. As a result of the implementation of budget changes, the portal is no longer allowing the taxpayers to file the GSTR-3B if the GSTR-1 return for the same tax period is no filed. Consequently, sequential filing of GST returns has become mandatory on GSTN portal.
4. In respect of taxability of renting of residential dwelling under RCM, the following clarification has been provided – No GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity for use as his/her own residence and on his own account and not on account of his business.
This calendar is prepared for the benefits of clients and well-wishers of M/s Kanhaiya Gautam and Associates, Chartered Accountants. This should not be used as substitute for professional advice. Best efforts are placed to compile these due dates, still we would appreciate if you draw our attention to any inaccuracy.
Link to journals
2. ICAI Students Journal- January 2023