India’s Tax Compliance Calendar for Businesses for January-March 2023

December 29, 2022 Posted by India Briefing Written by Naina Bhardwaj Reading Time: 3 minutes

We outline the key reporting forms and due dates on India’s tax compliance calendar for the final quarter of financial year (FY) 2023, which must be filed by all registered businesses, irrespective of their entity structure.

We provide a list of the deadlines for various goods and services tax (GST) compliances for the period of January to March 2023 as India prepares to enter the final quarter of financial year (FY) 2023. In order to avoid paying interest or late penalties, all businesses registered in India are required to file specific information on the important reporting forms.

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For a detailed roundup of key GST changes that India saw in 2022, you can read our detailed analysis here. For more information on compliance obligations in India or mandatory reporting requirements for foreign companies doing business in India, please contact our experts at india@dezshira.com.

Here’s a list of all the GST-related compliances:

Tax Compliances in January 2023
Deadline	Details
January 7, 2023	Payment of taxes withheld in December 2022.
January 11, 2023	Electronically filing details of outward supplies of taxable goods and/or services in Form GSTR-1 for December 2022.
January 13, 2023	Electronically filing details of outward supplies of taxable goods and/or services in Form GSTR-1 for the third quarter of FY 2023 (October to December,2022) by taxpayers having turnover less than INR 15 million in FY 2022.
January 20, 2023	Electronically filing Form GSTR-3B to discharge GST tax liability for December 2022 by taxpayers having turnover above INR 50 million in FY 2022.
January 22, 2023	Electronically filing Form GSTR-3B to discharge GST tax liability for December 2022 by taxpayers having turnover up to INR 50 million in FY 2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
January 24, 2023	Electronically filing Form GSTR-3B to discharge GST tax liability for December 2022 by taxpayers having turnover up to INR 50 million in FY 2022 for the states/UTs other than those mentioned above.
January 31, 2023	Electronically file quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q.
January 31, 2023	Electronically file quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q.

Tax Compliances in February 2023
Deadline	Details
February 7, 2022	Payment of taxes withheld in January 2023.
February 11, 2022	Electronically filing details of outward supplies of taxable goods and/or services in Form GSTR-1 for January 2023.
February 20, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for January 2023 by taxpayers having turnover above INR 50 million in FY 2022
February 22, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for January 2023 by taxpayers having turnover up to INR 50 million in FY 2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
February 24, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for January 2023 by taxpayers having turnover up to INR 50 million in FY 2022 for the states/UTs other than those mentioned above.
February 25, 2022	Payment of due tax in PMT-06 for January 2023 for the taxpayers filing return under Quarterly Return Monthly Payment (QRMP) scheme.

Tax Compliances in March 2023
Deadline	Details
March 7, 2022	Payment of taxes withheld in February 2023.
March 11, 2022	Electronically filing details of outward supplies of taxable goods and/or services in Form GSTR-1 for February 2023.
March 15, 2022	Payment of advance taxes up to estimated tax liability for FY 2023.
March 20, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for February 2023 by taxpayers having turnover above INR 50 million in FY 2022.
March 22, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for February 2023 by taxpayers having turnover up to INR 50 million in FY 2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
March 24, 2022	Electronically filing Form GSTR-3B to discharge GST tax liability for February 2023 by taxpayers having turnover up to INR 50 million in FY 2022 for the states/UTs other than those mentioned above
March 25, 2022	Payment of due tax in PMT-06 for February 2023 for the taxpayers filing return under QRMP scheme.
March 31, 2022	Filing of a Country-by-country (CbC) Report by an Indian parent entity or Indian constituent entities of an international group where exchange of information agreement has not been signed, in respect of FY 2022 (in Form 3CEAD).

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