Compliance Calendar for month of September 2024
Effectively managing compliance deadlines is crucial for businesses to ensure uninterrupted operations and to avoid costly penalties. This article provides an in-depth guide to the important due dates for GST, Income Tax, and ROC compliance, helping you stay organized and up-to-date. By keeping track of these critical dates, businesses can maintain compliance with regulatory requirements and operate smoothly without disruptions.
The article covers various compliances under the Income Tax Act, Goods and Services Tax (GST) Act, and the Companies Act, 2013. It includes key aspects such as filing deadlines for GSTR-1, GSTR-3B, GSTR-7, GSTR-8, FORM FC-3, DIR-3 KYC, and other essential forms.
This comprehensive Due Date Compliance Calendar for the month of September 2024 will serve as a valuable tool to help businesses plan and meet their compliance obligations timely and accurately.
Compliances under INCOME TAX
Income Tax compliance is a critical aspect of financial management for both individuals and businesses. It encompasses the fulfillment of various obligations laid down by the Income Tax Department, ensuring that taxpayers contribute their fair share to the nation’s revenue. The income tax system is designed to be progressive, with tax rates that vary based on income levels, and compliance is essential to maintain the integrity of this system.
Non-compliance can lead to penalties, interest charges, and in some cases, legal action. Therefore, it is important for individuals and businesses to stay informed about their obligations and ensure timely and accurate compliance with Income Tax laws.
| SR.NO. | PARTICULARS | FORMS | DUE DATE |
| 1 | TDS/TCS payment for August month | – | 7th Sept 2024 |
| 2 | issuing the TDS certificate for tax deducted under sections 194-IA, 194-IB, 194-M, and 194-S for the month of July 2024 | – | 14th Sept 2024 |
| 3 | Second Instalment of Advance tax | – | 15th Sept 2024 |
| 4 | Challan-cum-statement for taxes deducted in August 2024 under Sections 194-IA, 194-IB, 194-M, and 194-S | 30th Sept 2024 | |
| 5 | Country-by-Country Report for the financial year 2023-24 to be filed by the parent entity or an alternate reporting entity, resident in India, for the international group of which it is a constituent | Form No. 3CEAD | 30th Sept 2024 |
| 6 | For Trusts – Application to apply income of current year in the next year or future (if the assessee is required to submit return of income on November 30, 2024) | Form 9A | 30th Sept 2024 |
| 7 | For Trusts – Application to accumulate income for future application (if the assessee is required to submit return of income on November 30, 2024) | Form 10 | 30th Sept 2024 |
| 8 | Due date for filing of audit report under section 44AB for the assessment year 2024-25 in the case of a corporate-assessee or non-corporate assessee (who is required to submit return of income on October 31, 2024) | – | 30th Sept 2024 |
Due dates of Compliances under GOODS & SERVICE TAX
Compliance under Goods and Services Tax (GST) involves adhering to various legal and procedural requirements set by the GST law in India. GST is an indirect tax applicable on the supply of goods and services, and compliance ensures the proper functioning of this tax system.
Failure to comply with GST regulations can lead to significant penalties, interest charges, and legal consequences. Therefore, maintaining strict adherence to GST compliance requirements is essential for businesses to operate smoothly and avoid any potential issues with tax authorities.
| SR. NO. | FORM | PARTICULARS | DUE DATE |
| 1 | GSTR-7 (GST-TDS) | To be filed by the by the person who is required to deduct TDS under GST under GST – for August month | 10th Sept |
| 2 | GSTR-8 (GST-TCS) | to be filed by the e-commerce operators required to collect TCS under GST- for August month | 10th Sept |
| 3 | GSTR-1-Other than QRMP scheme | For month of August-2024 | 11th Sept |
| 4 | GSTR-5 | To be filed by Non-Resident taxable person – for August month | 13th Sept |
| 5 | GSTR-6 | To be filed by Input Service Distributor – for August month | 13th Sept |
| 6 | GSTR-3B-Other than QRMP scheme | For month of August-2024 | 20th Sept |
| 7 | GSTR-5A | To be filed by the OIDAR- for August month | 20th Sept |
Due dates of Compliances of ROC (Registrar of Companies)
Compliance with the Registrar of Companies (ROC) involves adhering to various regulations and filing requirements prescribed under the Companies Act, 2013, for companies registered in India and outside India.
Non-compliance with ROC regulations can lead to penalties, fines, and even the disqualification of directors. In severe cases, the ROC may initiate the process of striking off a company from the register, which effectively dissolves the company. Therefore, regular and accurate compliance with ROC requirements is crucial for the smooth functioning and legal standing of a company.
| SR.NO. | PARTICULARS | DUE DATE |
| 1 | Annual accounts of foreign companies | 30th Sept 2024 |
| 2 | Annual general meeting | 30th Sept 2024 |
| 3 | KYC for DIN holders | 30th Sept 2024 |
Compliances is complex process so its advisable to take professionals assistance for incorporation of business. By seeking expert advice, you can mitigate the risk of non-compliance, streamline the conversion process, and establish a solid foundation for the future operations of your Business. If you have any doubt regarding this and for compliance services, then connect with company suggestion and our team of experts will guide you.
