Compliance with various statutory requirements is crucial for businesses and professionals to avoid penalties and ensure smooth operations. Here is a detailed compliance calendar for July 2024, outlining the major due dates for various acts including Income Tax, GST, P.F./E.S.I., FEMA, and others.
July 1, 2024 (Monday)
LLP Act
- Extended due date for filing of LLP BEN-2 and Form No. 4D:
- LLPs need to comply with the extended deadline for submitting LLP BEN-2, which pertains to significant beneficial ownership information, and Form No. 4D, related to various compliances under the LLP Act.
July 7, 2024 (Sunday)
Income Tax
- Deposit tax deducted (TDS) / tax collected (TCS) for June 2024:
- Deadline for depositing TDS/TCS collected for the month of June 2024.
- Due date for deposit of TDS for the April to June 2024 quarter:
- Applicable if the Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D, or 194H.
FEMA
- Report actual ECB transactions through Form ECB-2 return:
- Companies must report their External Commercial Borrowings (ECB) transactions for the previous month.
July 10, 2024 (Wednesday)
GST
- File GSTR-7 by TDS Deductor for June 2024:
- Submission of GST returns for TDS deducted under GST for June 2024.
- File GSTR-8 by TCS Collector for June 2024:
- Submission of GST returns for TCS collected under GST for June 2024.
July 11, 2024 (Thursday)
GST
- File GSTR-1 for June 2024:
- Applicable for taxpayers whose aggregate turnover exceeds ₹5 crores in the previous financial year or those who have not opted for the Quarterly Return Monthly Payment (QRMP) scheme.
July 13, 2024 (Saturday)
GST
- File GSTR-5 by Non-Resident Taxpayers:
- For the period ending June 2024, due by the 13th of the following month or within 7 days after the expiry of registration.
- File GSTR-6 by Input Service Distributor for June 2024:
- Input Service Distributors (ISDs) must file their GST returns.
- File GSTR-1 by taxpayers under the QRMP scheme for April to June 2024:
- For those who opted for the QRMP scheme, covering the quarter ending June 2024.
July 15, 2024 (Monday)
Income Tax
- Issue TDS Certificate for tax deducted in April to June 2024:
- For tax deducted under sections 194-IA, 194-IB, 194S, and 194M.
- Furnish quarterly TCS statement for April to June 2024:
- Submission of TCS collected and statements for the quarter.
- Upload declarations received in Form No. 15G/15H:
- For the quarter ending June 2024, regarding non-deduction of tax.
- Furnish Form No. 15CC for quarter ending June 2024:
- For transactions related to foreign remittances.
- Furnish Form No. 3BB by stock exchanges:
- Regarding transactions modified in May 2024.
P.F./E.S.I.
- Deposit of ESI and PF for June 2024:
- Payment of Employee State Insurance (ESI) and Provident Fund (PF) contributions.
FEMA
- FLA Return for FY 2023-24:
- Annual return on Foreign Liabilities and Assets (FLA) by companies with foreign investments.
July 18, 2024 (Thursday)
GST
- File CMP-08 for April to June 2024:
- Quarterly statement for composition scheme taxpayers.
July 20, 2024 (Saturday)
GST
- File GSTR-3B for June 2024:
- For taxpayers with turnover exceeding ₹5 crores or those not under QRMP.
- File GSTR-5A by OIDAR services providers:
- Submission of GST return by providers of Online Information and Database Access or Retrieval (OIDAR) services.
July 22, 2024 (Monday)
GST
- File GSTR-3B for QRMP scheme taxpayers (specific states):
- For Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman and Diu, and Andaman & Nicobar Islands.
July 24, 2024 (Wednesday)
GST
- File GSTR-3B for QRMP scheme taxpayers (specific states):
- For Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu & Kashmir, Delhi, and Ladakh.
July 25, 2024 (Thursday)
P.F.
- Filing of Provident Fund Return for June 2024:
- Submission of monthly PF returns.
July 30, 2024 (Tuesday)
Income Tax
- Quarterly TCS certificate for April to June 2024:
- Issuance of TCS certificates for the quarter.
- Furnish Challan cum statement for TDS under sections 194-IA, 194-IB, 194S, and 194M:
- For tax deducted in June 2024.
July 31, 2024 (Wednesday)
Income Tax
- Return of income for Assessment Year 2024-25:
- Filing income tax returns for non-auditable assessees.
- Quarterly TDS statement for April to June 2024:
- Submission of TDS collected and statements.
- Quarterly return of non-deduction of tax by banking companies:
- For interest on time deposits.
- Statements by scientific research associations:
- Submission as required under sections 35D, 35E, and 5F.
- Intimation in Form 10BBB by pension funds:
- For investments made in India during the quarter ending June 2024.
- Intimation in Form II by Sovereign Wealth Funds:
- For investments made in India during the quarter ending June 2024.
Conclusion
Keeping track of compliance due dates is vital for ensuring adherence to statutory requirements and avoiding penalties. This calendar serves as a comprehensive guide for the major compliance deadlines in July 2024, helping businesses and professionals stay organized and compliant.
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