Tax Compliance Calendar for Enterprises in India in June 2023

May 31, 2023 Posted by India Briefing Written by Naina Bhardwaj Reading Time: 4 minutes

This article provides a detailed India tax compliance calendar for June 2023 that highlights important income tax and GST due dates and obligations that businesses must comply with in order to avoid government penalties and fines. Maintaining compliance is essential for businesses to safeguard their financial stability and reputation. For expert assistance in navigating India’s intricate tax landscape, reach out to our specialists at india@dezshira.com.

Navigating the complex tax landscape in India is crucial for businesses to ensure their financial viability and standing. However, staying compliant under the ever-changing tax regulations and its intricate reporting requirements can be challenging without expert guidance.

Our tax services cover all major industries, helping you optimize your India tax strategy and ensure compliance.

Businesses are advised to seek professional assistance – both to maintain compliance obligations and tap into any available incentives and reporting relaxations.

Choosing a professional services advisor is a well-known method to achieve these objectives. The advisory service should be adept at providing tailored tax advice, enabling businesses to meet their obligations while optimizing their tax advantages.

Other considerations would be whether the service provider can offer cross-department services to match the entity’s requirements at different stages of the business and their overall operations in India.

India tax compliance calendar for June 2023

Compliance particulars	Due dates
Due date for deposit of Tax deducted/collected (TDS/TCS) for May 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Federal Government on the same day where tax is paid without production of an Income-tax Challan	June 7, 2023
Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M and 194S in the month of April 2023 Note: Applicable in case of a specified person as mentioned under section 194S	June 14, 2023
Due date for furnishing of Form 24G by the Government where TDS/TCS for the month of May 2023 has been paid without the production of a challan	June 15, 2023
Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March 2023	June 15, 2023
First instalment of advance tax for the assessment year (AY) 2024-25	June 15, 2023
Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during FY 2022-23	June 15, 2023
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 May 2023	June 15, 2023
Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for FY 2022-23	June 15, 2023
Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in FY 2022-23	June 29, 2023
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, section 194-IB, section 194M and section 194-S in the month of May 2023 Note: Applicable in case of a specified person as mentioned under section 194S	June 30, 2023
Return in respect of securities transaction tax for FY 2022-23	June 30, 2023
Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2023	June 30, 2023
Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during FY 2022-23	June 30, 2023
Report by an approved institution/public sector company under section 35AC(4)/(5) for the year ending March 31, 2023	June 30, 2023
Due date for furnishing of statement of income distributed by business trust to its unit holders during FY 2022-23. This statement is required to be furnished to the unit holders in form No. 64B	June 30, 2023
Furnishing of Equalization Levy statement for the FY 2022-23	June 30, 2023
Deadline for linking PAN with Aadhaar to avoid PAN becoming inoperative Note: The deadline has been extended from March 31, 2023, to June 30, 2023.	June 30, 2023

Compliance requirements under GST for June 2023

Compliance particulars	Due dates	Forms
Return for TDS to be filed by tax deductor	June 10, 2023	GSTR 7
E-Commerce operator registered under GST liable to TCS	June 10, 2023	GSTR 8
The last date to file the GSTR-1 form is June 11, 2023, for following: · Taxpayers having an annual aggregate turnover of more than INR 50 million during preceding year · Registered person, with aggregate turnover of less than INR 50 million during preceding year, opted for monthly filing of return under QRMP.	June 11, 2023	GSTR 1
Details of B2B supply of a registered person with turnover up to INR 50 million during the preceding year and who has opted for quarterly filing of return under QRMP.	June 13, 2023	Invoice Furnishing Facility (IFF)
Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributors (ISD).	June 13, 2023	GSTR 6
Summary of outward taxable supplies and tax payable by a non-resident taxable person.	June 13, 2023	GSTR 5
Annual turnover of more than INR 50 million in previous fiscal	June 20, 2023	GSTR 3B
Annual turnover of up to INR 50 million in previous fiscal for Group A. *Group A States*: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep	June 22, 2023	GSTR 3B
Annual turnover of up to INR 50 million in previous fiscal for Group B *Group B States*: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi	June 24, 2023	GSTR 3B
All the non-resident ODIAR services providers should file their monthly return GSTR-5A on or before the given due date of June 20, 2023	June 20, 2023	GSTR 5A
Due date for payment of GST for a taxpayer with aggregate turnover up to INR 50 million during the previous year and who has opted for quarterly filing of return under QRMP	June 25, 2023	PMT 06

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