This is a list of important due dates for various compliance obligations under different Acts such as the Goods and Service Tax Act, Income Tax Act, FEMA, LLP Act, and Companies Act, 2013 for the month of May 2023. These due dates are crucial for corporates to ensure they remain compliant with the various regulations and avoid any penalties or legal issues. It is important for professionals to adhere to these due dates and ensure that all necessary filings and payments are made on time. By doing so, they can help their clients avoid any potential non-compliances and ensure the smooth functioning of their business operations.
| Event Date | Act Applicable | Form | Obligation |
|---|---|---|---|
| 01-May-23 | Goods and Services Tax | N/A | Assessees with a turnover of Rs. 100 crore or more cannot report invoices, or debit/credit notes on the e-invoice portal after 7 days of issue. |
| 01-May-23 | Goods and Services Tax | N/A | Taxpayers with turnover below Rs 5 crores must opt in or opt out of the QRMP Scheme for the Jul-Sep quarter till 31st July. |
| 07-May-23 | Income Tax | ITNS-281 | Payment of TDS/TCS of April 2023 (both salary and non-salary) |
| 07-May-23 | FEMA | ECB-2 | Return of External Commercial Borrowings for April. |
| 10-May-23 | Goods and Services Tax | GSTR-7 | Monthly return by tax deductors for April 2023. |
| 10-May-23 | Goods and Services Tax | GSTR-8 | Monthly return by e-commerce operators for April 2023. |
| 11-May-23 | Goods and Services Tax | GSTR-1 | Monthly return of outward supplies for April 2023 except QRMP opted registered person. |
| 13-May-23 | Goods and Services Tax | GSTR-1: IFF | Optional upload of B2B invoices, and debit/credit notes for April 2023 under the QRMP scheme. |
| 13-May-23 | Goods and Services Tax | GSTR-6 | Monthly Return of Input Service Distributor for April 2023. |
| 15-May-23 | ESI | ESI Challan | ESI payment for April 2023. |
| 15-May-23 | Provident Fund | Electronic Challan cum Return (ECR) | E-Payment of PF for April 2023. |
| 15-May-23 | Income Tax | Form 16B | Issue of TDS certificate for tax deducted u/s 194-IA on payment made for the purchase of property in March 2023. |
| 15-May-23 | Income Tax | Form 16C | Issue of annual TDS certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB in March 2023. |
| 15-May-23 | Income Tax | Form 16D | Issue of TDS certificate for tax deducted u/s 194M on certain payments by individual/HUF in March. |
| 15-May-23 | Income Tax | Form 27EQ | Quarterly statement of TCS for January-March. |
| 20-May-23 | Goods and Services Tax | GSTR-5 & 5A | Monthly return by non-resident taxable person for April 2023. |
| 20-May-23 | Goods and Services Tax | GSTR-3B | Summary return cum payment of tax for April by monthly filers (other than QRMP). |
| 25-May-23 | Goods and Services Tax | PMT-06 | Deposit of GST of April 2023 under QRMP scheme. |
| 28-May-23 | Goods and Services Tax | GSTR-11 | Return for April by persons with Unique Identification Number (UIN) like embassies etc to get a refund under GST for goods and services purchased by them. |
| 30-May-23 | LLP Act | LLP Form 11 | Annual return of LLP for FY 22-23. |
| 30-May-23 | Companies Act | FC-4 | Annual Return of Foreign Company (Branch/Liaison/Project Office) |
| 30-May-23 | Companies Act | PAS-6 | Half yearly Audit Report from October to March of Reconciliation of Share Capital by Unlisted Public Companies |
| 30-May-23 | Income Tax | Form 26QB | Deposit of TDS u/s 194-IA on payment made for the purchase of property in April 2023 |
| 30-May-23 | Income Tax | Form 26QD | Deposit of TDS on certain payments made by individual/HUF u/s 194M for April 2023 |
| 30-May-23 | Income Tax | Form 26QE | Deposit of TDS on Virtual Digital Assets u/s 194S for April |
| 30-May-23 | Income Tax | Form 27D | Issue of TCS certificates for January-March |
| May 31, 2023 | Income Tax | Form 24Q, 26Q, 27Q | Quarterly statements of TDS for January-March |
| May 31, 2023 | Income Tax | Form 61A | Annual Statement of financial transactions in respect of Dividend and Interest of FY 22-23 |
| May 31, 2023 | Income Tax | Form 61B | Statement of reportable accounts for the Calendar year 2022 by reporting financial institutions |
| May 31, 2023 | Income Tax | Form 26QF | Quarterly statement of tax deposited in relation to transfer of virtual digital asset u/s 194S |
| May 31, 2023 | Income Tax | Form 10BD | E-filing of Annual Statement of Donors & Donations received by charitable organizations u/s 80G/35 |
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