As we enter September 2024, it's crucial to stay on top of statutory compliance deadlines to avoid penalties and ensure smooth business operations. Below is a comprehensive compliance calendar for the month, highlighting key dates and obligations for businesses.
Key Compliance Dates
| Due Date | Compliance | Period | Description |
|---|---|---|---|
| 5th September | FEMA | August 2024 | AD Category – I Banks to upload data for LRS on XBRL System. |
| 7th September | Income Tax | August 2024 | Deposit TDS/TCS for August 2024. Submission of Form-27C for no TCS. |
| 7th September | FEMA | August 2024 | Report actual ECB transactions through Form ECB-2 return. |
| 7th September | Equalization Levy | August 2024 | Deposit equalization levy deducted on specified services for August 2024. |
| 10th September | Professional Tax (PT) Payment | August 2024 | Payment of Professional Tax on Salaries (Due date varies by state; contact us for details.) |
| 10th September | GST | August 2024 | GSTR-7 by TDS Deductor and GSTR-8 by TCS Collector (E-Commerce Operator). |
| 11th September | GST | August 2024 | GSTR-1 (Monthly) Filing for outward supplies. |
| 13th September | GST | August 2024 | GSTR-5 by Non-Resident Taxpayers. GSTR-6 by Input Service Distributor. GSTR-IFF for QRMP scheme. |
| 14th September | Income Tax | July 2024 | Issuance of TDS Certificates (Forms 16B, 16C, 16D) for tax deducted under specific sections. |
| 15th September | Provident Fund (PF) Payment | August 2024 | Deposit of Provident Fund contributions. |
| 15th September | ESI | August 2024 | Deposit of Employees' State Insurance contributions. |
| 15th September | Income Tax | FY 2024-25 | Second Advance Tax Instalment (45% of total estimated tax liability). |
| 20th September | GST | August 2024 | GSTR-3B Filing for inward and outward supplies. GSTR-5A for OIDAR services. |
| 25th September | GST | August 2024 | GST Challan Payment (Quarterly Filers) if ITC is insufficient. |
| 27th September | MCA | FY 2023-24 | AOC-4 Filing (One Person Companies) for FY 2023-24. |
| 29th September | Income Tax | FY 2023-24 | Filing of Form 10DA and Form 29B for specific deductions and book profits. |
| 30th September | MCA | FY 2023-24 | Conduct Annual General Meeting (AGM). File Form FC-3, DIR-3 KYC. Obtain ISIN for share dematerialization. |
| 30th September | Income Tax | August 2024 | Furnish Challan-cum-Statement for TDS. Tax Audit Report Filing (Form 3CA/3CB-3CD). |
Key Compliance Highlights
- TDS Payment: Ensure TDS/TCS for August 2024 is deposited by 7th September.
- Advance Tax: The second installment for FY 2024-25 is due on 15th September. Calculate and pay 45% of the total estimated tax liability.
- GSTR Filings: GSTR-1 due on 11th September, GSTR-3B on 20th September.
- Tax Audit: Tax Audit Report for FY 2023-24 must be filed by 30th September.
- AGM: Conduct by 30th September to remain compliant.
For assistance or expert guidance, please reach out to Sandeep Ahuja & Co. We are here to support all your statutory compliance needs.
