As the year progresses, it's crucial for businesses, tax professionals, and individuals to stay on top of their compliance obligations. Timely fulfillment of tax and GST obligations ensures smooth operations and avoids penalties. This post covers the key Income Tax and GST compliance deadlines for the month of January 2025. Special attention is drawn to the Income Tax Return Filing deadline extension for taxpayers eligible for the Section 87A rebate, and the extended deadline for the Vivad Se Vishwas Scheme 2024.
Here is the detailed statutory compliance calendar for January 2025:
Statutory Compliance Calendar for January 2025
Table 1: Monthly Compliance Obligations – January 2025
| Due Date | Compliance Area | Description | Form Name |
|---|---|---|---|
| 07-Jan-2025 | Income Tax | Deposit of Tax deducted (except under sections 194-IA, 194-IB, 194M, or 194S by specified persons) or collected for December 2024. | Not Applicable |
| 07-Jan-2025 | Income Tax | Deposit of TDS for the period October 2024 to December 2024 when the Assessing Officer has permitted quarterly deposit under Sections 192, 194A, 194D, or 194H. | Not Applicable |
| 10-Jan-2025 | GST | Filing of GST return by Tax Deductors under TDS. | GSTR-7 |
| 10-Jan-2025 | GST | Filing of GST return by E-commerce operators under TCS. | GSTR-8 |
| 11-Jan-2025 | GST | Filing of monthly return for outward supplies for December 2024 by taxpayers with turnover exceeding ₹5 crores during the previous year. | GSTR-1 |
| 13-Jan-2025 | GST | Filing of return by Input Service Distributors for December 2024. | GSTR-6 |
| 13-Jan-2025 | GST | Filing of return by Non-Resident Taxable Persons for December 2024. | GSTR-5 |
| 13-Jan-2025 | GST | Filing of outward supplies summary for taxpayers using the Invoice Furnishing Facility (IFF) under the QRMP scheme for December 2024. | GSTR-1/IFF |
| 14-Jan-2025 | Income Tax | Due date for issue of TDS Certificate for tax deducted under section 194-IA for November 2024. | Form 16B |
| 14-Jan-2025 | Income Tax | Due date for issue of TDS Certificate for tax deducted under section 194-IB for November 2024. | Form 16C |
| 14-Jan-2025 | Income Tax | Due date for issue of TDS Certificate for tax deducted under section 194M for November 2024. | Form 16D |
| 14-Jan-2025 | Income Tax | Due date for issue of TDS Certificate for tax deducted under section 194S (by specified persons) for November 2024. | Form 16E |
| 15-Jan-2025 | Income Tax | Furnishing of Form 24G by an office of the Government where TDS/TCS for December 2024 has been paid without a challan. | Form 24G |
| 15-Jan-2025 | Income Tax | Filing of quarterly statement of TCS for the quarter ending December 31, 2024. | Not Applicable |
| 15-Jan-2025 | Income Tax | Quarterly statement in respect of foreign remittances (Form 15CC) for the quarter ending December 31, 2024. | Form 15CC |
| 15-Jan-2025 | Income Tax | Due date for furnishing of Form 15G/15H declarations received during the quarter ending December 31, 2024. | Form 15G/15H |
| 15-Jan-2025 | Income Tax | Furnishing of statement in Form No. 49BA by specified fund for the quarter ending December 31, 2024. | Form 49BA |
| 20-Jan-2025 | GST | Filing of monthly return for GST for December 2024 by taxpayers with turnover exceeding ₹5 crores. | GSTR-3B |
| 22-Jan-2025 | GST | Filing of monthly return for GST for December 2024 by taxpayers with turnover up to ₹5 crores (Group A States). | GSTR-3B |
| 24-Jan-2025 | GST | Filing of monthly return for GST for December 2024 by taxpayers with turnover up to ₹5 crores (Group B States). | GSTR-3B |
| 25-Jan-2025 | GST | Payment of GST by QRMP taxpayers for December 2024 using the challan. | PMT-06 |
| 28-Jan-2025 | GST | Filing of GST return for UIN holders claiming inward supply refunds for December 2024. | GSTR-11 |
| 30-Jan-2025 | Income Tax | Due date for furnishing of challan-cum-statement for tax deducted under section 194-IA for December 2024. | Form 26QB |
| 30-Jan-2025 | Income Tax | Due date for furnishing of challan-cum-statement for tax deducted under section 194-IB for December 2024. | Form 26QC |
| 30-Jan-2025 | Income Tax | Due date for furnishing of challan-cum-statement for tax deducted under section 194M for December 2024. | Form 26QD |
| 30-Jan-2025 | Income Tax | Due date for furnishing of challan-cum-statement for tax deducted under section 194S (by specified persons) for December 2024. | Form 26QE |
| 31-Jan-2025 | Income Tax | Quarterly statement of TDS for the quarter ending December 31, 2024. | Form 24Q |
| 31-Jan-2025 | Income Tax | Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit for the quarter ending December 31, 2024. | Not Applicable |
| 31-Jan-2025 | Income Tax | Intimation by Sovereign Wealth Fund in respect of investment made in India for the quarter ending December 31, 2024. | Not Applicable |
| 31-Jan-2025 | GST | Monthly Payment of GST under CMP-08 (Quarter: Oct-Dec 2024). | CMP-08 |
| 31-Jan-2025 | GST | Filing of GSTR-5A for non-resident ODIAR services provider for December 2024. | GSTR-5A |
| 31-Jan-2025 | GST | Filing of GSTR-6A for Input Service Distributor. | GSTR-6A |
Table 2: Special Compliance Dates – January 2025
| Due Date | Compliance Area | Description | Form Name |
|---|---|---|---|
| 15-Jan-2025 | Income Tax | Extension for ITR Filing (87A Rebate): The Bombay High Court has directed the CBDT to extend the deadline for filing revised and belated ITRs for taxpayers eligible for the Section 87A rebate. | Not Applicable |
| 31-Jan-2025 | Income Tax | Vivad Se Vishwas Scheme 2024: The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme to settle pending tax disputes by paying a reduced amount of tax. | Not Applicable |
| 31-Jan-2025 | GST | GST Compliance and QRMP Scheme: Ensure timely submission of GST returns for the December 2024 period for taxpayers with turnover up to ₹5 crores opting for the QRMP scheme. | GSTR-3B, GSTR-1, PMT-06 |
| 31-Jan-2025 | GST | Non-Resident and TDS Compliance: Non-resident taxable persons (GSTR-5) and Input Service Distributors (GSTR-6) must comply with their filing requirements for December 2024. | GSTR-5, GSTR-6 |
Conclusion:
Adhering to the statutory deadlines is key to maintaining compliance with the Income Tax and GST regulations. This statutory calendar for January 2025 provides clarity on both regular and special deadlines, including the extension for ITR Filing and the Vivad Se Vishwas Scheme. Mark these dates in your calendar to ensure all filings and payments are completed on time and avoid penalties.
