Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual filing, a business has to keep a close watch over the deadlines of all the mentioned compliance. With the beginning of the new year there are certain dates which needs to be taken care of, here is the list of compliance due date for the month of January 2022.
Important update for the filing of an Audit Report
Audit report dates has been extended by the Income Tax Department, Due date for filing an audit report under section 44AB for the assessment year 2021-22 in the case of a corporate or non-corporate assessee (who was due to file his or her return of income by October 31, 2021), has extended the deadline for filing the audit report for Assessment Year 2021-22. Also, foreign or specific domestic transaction under section 92E is also been extended till 31st January 2022.
Compliance Calendar for the Month of January 2022
| Important due dates for the GST Returns in the Month of January 2022 | |||
| Due date | Form to be filed | Period | Who should file? |
| 10.01.2022 | GSTR 7 | December 2021 | GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST |
| 10.01.2022 | GSTR 8 | December 2021 | GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST |
| 11.01.2022 | GSTR 1 | December 2021 | Taxpayers have an aggregate turnover of more than Rs. 5 Crores or opted to file Monthly Return |
| 13.01.2022 | GSTR 1 (QRMP) | December 2021 | GST return for the taxpayers who opted for QRMP scheme (Optional) |
| 18.01.2022 | CMP-08 | December 2021 | Composition dealer |
| 20.01.2022 | GSTR 3B | December 2021 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 22.01.2022 | GSTR 3B (QRMP) | December 2021 | GSTR 3B opted for quarterly filing as per QRMP scheme (For group A States) |
| 24.01.2022 | GSTR 3B (QRMP) | December 2021 | GSTR 3B opted for quarterly filing as per QRMP scheme (For group B States) |
| 25.01.2022 | GST Challan | December 2021 | GST Challan Payment if no sufficient ITC for December 2021 (for all Quarterly Filers) |
| Important due dates for the Income Tax Compliance / PF / ESI in the Month of January 2022 | |||
| 07.01.2022 | Challan No. ITNS- 281 | December 2021 | Payment of TDS/TCS deducted /collected in December 2021. |
| 07.01.2022 | Challan No. ITNS- 281 | December 2021 | For the quarterly deposit of TDS for the period of October – December 2021 |
| 14.01.2022 | TDS Certificate | November 2021 | The due date for the issue of the TDS Certificate for tax deducted under Section 194-IA in the month of November 2021 |
| 14.01.2022 | TDS Certificate | November 2021 | The due date for the issue of the TDS Certificate for tax deducted under Section 194-IB in the month of November 2021 |
| 14.01.2022 | TDS Certificate | November 2021 | The due date for the issue of the TDS Certificate for tax deducted under Section 194-M in the month of November 2021 |
| 15.01.2022 | Audit Report under section 44AB | Assessment Year 2021-2022 | Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021) |
| 15.01.2022 | Form 24G by Government officer | December 2021 | The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November 2021 has been paid without the production of a challan |
| 15.01.2022 | TCS Payment | December 2021 | Quarterly statement of TCS for the quarter ending December 31, 2021 |
| 15.01.2022 | Form No. 15CC | October to December 2021 | Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for the quarter ending December 2021 |
| 15.01.2022 | Form No. 15G/15H | October to December 2021 | Upload the declarations received from recipients in Form Number 15G/15H during the quarter ending December 2021 |
| 15.01.2022 | PF | December 2021 | Due Date for the payment of PF contribution |
| 15.01.2022 | ESI | December 2021 | Due Date for the payment of Employee State Insurance Contributions |
| 25.01.2022 | PF Return | December 2021 | The Provident Fund filing deadline has passed. Every month, all entities with PF registration must file a provident fund return. Each month’s PF return is due on the 25th. |
| 30.01.2022 | TCS Certificate | December 2021 | Quarterly TCS certificate in respect of quarter ending December 31, 2021 |
| 30.01.2022 | TDS Challan-cum-statement | December 2021 | The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M |
At the starting of the new year the statutory due date for January 2022, is having lesser statutory due dates as compared to the previous month. The due dates for various compliances under the Goods and Service Act, and Income Tax Act Filing the above-mentioned forms on or before the due dates will save the Taxpayers from hefty penalties.
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pls mention professional tax payment & return due date