Compliance with various regulatory deadlines is critical for all business owners and professionals. Missing these deadlines can result in substantial penalties and late fees, which can impact the financial health and reputation of your business. To help you stay on track, here are the key compliance dates for GST, PF/ESI, and Income Tax for August 2024. Mark these dates in your calendar to ensure that you meet all your obligations timely and avoid any unnecessary penalties.
GST Due Dates for August 2024
| PARTICULARS | NATURE | TAX PERIOD | DUE DATE |
|---|---|---|---|
| GSTR-7 | TDS DEDUCTORS UNDER GST | July 2024 | 10 August 2024 |
| GSTR-8 | TCS COLLECTORS UNDER GST | July 2024 | 10 August 2024 |
| GSTR-1 | MONTHLY RETURN FOR OUTWARD SUPPLIES | July 2024 | 11 August 2024 |
| GSTR-5 | NRTP | July 2024 | 13 August 2024 |
| GSTR-6 | ISD (INPUT SERVICE DISTRIBUTOR) | July 2024 | 13 August 2024 |
| GSTR-3B | MONTHLY | July 2024 | 20 August 2024 |
| GSTR-5A | OIDAR | July 2024 | 20 August 2024 |
| RFD-10 | REFUND OF TAX TO CERTAIN PERSONS | 18 Months after the end of the quarter for which the refund is to be claimed |
PF/ESI Compliances for August 2024
| DUE DATE | COMPLIANCE | DESCRIPTION |
|---|---|---|
| 15 August 2024 | ESI | ESIC payment |
| 15 August 2024 | EPF | EPF payment |
Income Tax Compliances for August 2024
7 August 2024 –
​Due date for deposit of Tax deducted/collected for the month of July, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan
14 August 2024 –
​​​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of June, 2024
14 August 2024 –
​​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of June, 2024
14 August 2024 –
​​Due date for issue of TDS Certificate for tax deducted under section 194M in the month of June, 2024​
14 August 2024 –
​Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of June, 2024​
15 August 2024 –
​Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2024 has been paid without the production of a challan
15 August 2024 –
​Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of July, 2024
15 August 2024 –
​Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2024
30 August 2024 –
​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for the month of July, 2024
30 August 2024 –
​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of July, 2024
30 August 2024 –
​​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of July, 2024
30 August 2024 –
​​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of July, 2024​
31 August 2024 –
​​Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on October 31, 2024).
31 August 2024 –
​​​Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on October 31, 2024)
Visit www.cagurujiclasses.com for practical courses
555