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Being the last month for the financial year, March is a significant month from the point of view of the tax compliance and other statutory due dates for ROC Reporting, GST Return Filings, and Income Tax Filing as it is the last month of the fiscal year. Every registered business and professional can benefit from a tax compliance and statutory compliance calendar to ensure that they are prepared for compliance well in advance.
We’ve put together a Compliance Calendar in three parts: a Compliance Calendar for March 2022 GST Due Dates, a Compliance Calendar for March 2022 Income Tax Return due dates, and a ROC Compliance Calendar for the Month of March 2022.
Due Dates are critical for all taxpayers, including businesses in India, to file GST Returns, IT Returns, and mandatory ROC documents by the regulations to avoid paying any interest or late fees.
Compliance Calendar for the Month of March 2022
| Important due dates for the GST Returns in the Month of March 2022 | |||
| Due date | Form to be filed | Period | Who should file? |
| 10.03.2022 | GSTR 7 | February 2022 | GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST |
| 10.03.2022 | GSTR 8 | February 2022 | 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 |
| 11.03.2022 | GSTR 1 | February 2022 | Taxpayers have an aggregate turnover of more than Rs. 5 Crores or opted to file Monthly Return |
| 13.03.2022 | GSTR 1 IFF | February 2022 | Opted for quarterly filing as per QRMP Scheme |
| 13.03.2022 | GSTR 6 | February 2022 | Input Service Distributors |
| 20.03.2022 | GSTR 5 & 5A | February 2022 | Non-Resident Taxpayers and ODIAR services provider |
| 20.03.2022 | GSTR 3B | February 2022 | The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
| 20.03.2022 | GST Challan Payment | February 2022 | If you don’t have enough ITC for February, you’ll have to pay a GST challan (for all Quarterly Filers). |
| Important due dates for the Income Tax Compliance / PF / ESI in the Month of March 2022 | |||
| 02.03.2022 | TDS Certificate | January 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194-IA is in January 2022. |
| 02.03.2022 | TDS Certificate | January 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194-IB is in January 2022. |
| 02.03.2022 | TDS Certificate | January 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194M is in January 2022. |
| 07.03.2022 | TDS/TCS | February 2022 | Deposit of tax deducted/collected for February 2022 is due on this day. All sums deducted/collected by a government office, however, must be paid to the Central Government’s credit on the same day that tax is paid without the provision of an Income-tax Challan. |
| 15.03.2022 | Advance Tax | AY 2022-23 | Fourth Instalment of advance tax for the Assessment Year 2022-23. |
| 15.03.2022 | Section 44AD/44ADA | AY 2022-23 | The due date for assesses is covered by the presumed scheme of section 44AD / 44ADA to pay the entire amount of advance tax for the assessment year 2022-23. |
| 15.03.2022 | Return of Income | AY 2021-22 | If the assessee is (a) a corporate assessee or (b) a non-corporate assessee (whose books of account are required to be audited) or (c) a partner of a firm whose accounts are required to be audited or the spouse of such a partner if the provisions of section 5A apply, the due date for filing a return of income for the assessment year 2021-22 is. |
| 15.03.2022 | Report under section 92E | Ay 2021-22 | Return of income for the assessment year 2021-22, if an assessee is required to file a report under section 92E relating to an overseas or defined domestic transaction. |
| 15.03.2022 | PF | February 2022 | Due Date for the payment of PF contribution |
| 15.03.2022 | ESI | February 2022 | Due Date for the payment of Employee State Insurance Contributions |
| 17.03.2022 | Section 194-IA | January 2022 | In January 2022, the TDS Certificate for tax deducted under section 194-IA is due. |
| 17.03.2022 | Section 194-IB | January 2022 | In January 2022, the TDS Certificate for tax deducted under section 194-IB is due. |
| 17.03.2022 | Section 194M | January 2022 | In January 2022, the TDS Certificate for tax deducted under section 194M is due. |
| 25.03.2022 | PF Return | February 2022 | Every month, all entities with PF registration must file a provident fund return. Each month’s PF return is due on the 25th. |
| 30.03.2022 | TDS under Section 194-IA | February 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194-IA is in February 2022. |
| 30.03.2022 | TDS under Section 194-IB | February 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194-IB is in February 2022. |
| 30.03.2022 | TDS under Section 194M | February 2022 | The deadline for submitting a challan-cum-statement for tax deducted under section 194M is in February 2022. |
| 31.03.2022 | Aadhar number and PAN | The due date for linking PAN and Aadhar number information. | |
| 31.03.2022 | Form no. 3CEAD | FY 2020-21 | A parent entity or alternate reporting entity, resident in India, must submit a Country by Country report in Form 3CEAD for the prior year 2020-21 in respect of the multinational group of which it is a constituent. |
| 31.03.2022 | Form no. 3CEAD | The accounting Year 2020-21 | A constituent entity, resident in India, must file a Country-By-Country Report in Form Number 3CEAD for a reporting accounting year (assuming the reporting accounting year is April 1, 2020, to March 31, 2021) in respect of the international group of which it is a constituent if the parent entity is not required to file a report under section 286(2) or the parent entity is a resident of a country with which India does not have an agreement for the exchange of reports, etc. |
| 31.03.2022 | Revised /Belated return | AY 2021-22 | All assesses must file a belated/revised return of income for the assessment year 2021-22. (provided assessment has not been completed before March 31, 2021) |
| 31.03.2022 | Form 10A | Application for registration/provisional registration/intimation /approval /provisional approval of Trusts, institutions, or Research Associations, etc., in Form 10A. (which was required to be filed on or before 30-06-2021) | |
| 31.03.2022 | Form 10AB | Application in Form 10AB for conversion of provisional registration to regular registration or renewal of registration /approval after five years of registration /approval of Trust, institution, etc. (which was due on or before February 28,2022). | |
| Important due dates for Company Annual Filing in the Month of March 2022 | |||
| 15.03.2022
|
Form AOC 4 (CFS, XBRL, Non-XBRL) | FY 2020-21 | Form AOC 4 filing by Companies (The deadline for submitting the Form was previously set for February 15, 2022, but it has been extended to March 15, 2022.) |
| 31.03.2022 | Form MGT 7 /7A | FY 2020-21 | Form MGT 7A filing by Companies and One Person Company (The deadline for submitting the Form was previously set for February 28, 2022, but it has been extended to March 31, 2022.) |
The month of March 2022, is significant for the due dates for various compliances under the Goods and Service Act, Income Tax Act, Companies Act, and LLP Act. Filing the above-mentioned forms on or before the due dates will save the taxpayers from hefty penalties.
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