Introduction
April marks the beginning of the financial year, making it crucial for businesses and professionals to adhere to tax and regulatory compliance requirements. Timely compliance with GST, Income Tax, TDS, PF/ESI, and other statutory filings helps avoid penalties and ensures smooth financial operations. This compliance calendar, prepared by Sandeep Ahuja & Co, Chartered Accountants, provides a structured and comprehensive guide to key deadlines for April 2025.
Compliance Deadlines - April 2025
| Date | Compliance Requirement | Details | Threshold/Applicability |
|---|---|---|---|
| 7th April 2025 | TDS/TCS Payment (Income Tax) ✅ | Last date to deposit TDS and TCS for March 2025 to avoid interest and penalties. Late payment attracts 1% (TDS) or 1.5% (TCS) interest per month. | TDS applicable if payments exceed prescribed limits (e.g., ₹50 lakh for property transactions). |
| ESI Contribution Payment ✅ | Employers must deposit Employees’ State Insurance (ESI) contributions for March 2025. | Mandatory for businesses with 10+ employees (manufacturing) or 20+ employees (other sectors). | |
| 10th April 2025 | IT eFiling Start Date (AY 2025-26) 🏢 | The Income Tax Department starts accepting IT returns for FY 2024-25. | All taxpayers. |
| Professional Tax (PT) Payment ℹ️ | PT on salaries for March 2025 (Due date varies by state). | Applicable as per state laws. | |
| GSTR-7 Filing (GST TDS Deductors) 💰 | Businesses deducting TDS under Section 51 of the CGST Act must file GSTR-7 for March 2025. | Applicable for specific taxpayers deducting GST TDS. | |
| GSTR-8 Filing (E-commerce Operators) 🛒 | E-commerce operators must submit the GST TCS return for March 2025. | Mandatory for registered e-commerce operators. | |
| 11th April 2025 | GSTR-1 Filing (Monthly Filers) 📑 | Monthly GST filers must report outward supplies for March 2025. Late filing attracts ₹50 per day (₹25 CGST + ₹25 SGST). | Businesses with turnover exceeding ₹5 crore. |
| 13th April 2025 | GSTR-1 (QRMP - Jan-Mar 2025) 📊 | Taxpayers under the QRMP scheme must furnish invoices to facilitate ITC claims. | QRMP scheme participants (turnover up to ₹5 crore). |
| 15th April 2025 | PF & ESI Contribution Payment 🏦 | Employers must deposit Provident Fund (PF) and ESI contributions for March 2025. | PF applicable for employers with 20+ employees. |
| 18th April 2025 | CMP-08 Filing (GST Composition Taxpayers) 🏢 | Composition taxpayers must file CMP-08 for Jan-Mar 2025. | Applicable for composition dealers (turnover up to ₹1.5 crore). |
| 20th April 2025 | GSTR-3B Filing (Monthly Filers) 📌 | Monthly GST filers must declare tax liability and claim ITC for March 2025. | Businesses with turnover exceeding ₹5 crore. |
| 22nd April 2025 | GSTR-3B Filing (QRMP - South India) 🌏 | QRMP taxpayers in South India must file their quarterly GSTR-3B for Jan-Mar 2025. | QRMP scheme participants. |
| 24th April 2025 | GSTR-3B Filing (QRMP - North India) 🌍 | QRMP taxpayers in North India must file their quarterly GSTR-3B for Jan-Mar 2025. | QRMP scheme participants. |
| 25th April 2025 | GST PMT-06 Payment (QRMP Taxpayers) 💳 | QRMP taxpayers must deposit their monthly tax liability for March 2025. | QRMP scheme participants. |
| 30th April 2025 | Opt-in/Opt-out of GST Quarterly Scheme 🔄 | Last date to opt into or out of the GST quarterly return scheme for Apr-Jun 2025. | Applicable for businesses with turnover up to ₹5 crore. |
| TDS Payment in Form 26QB, 26QC, 26QD, 26QE 🏠 | Payment of TDS on property, rent, contractor payments, and crypto assets for March 2025. Late deduction attracts a penalty equal to the TDS amount. | ₹50 lakh (Property), ₹2.4 lakh (Rent), ₹30,000 (Contractor Payments), ₹10,000 (Crypto Assets). | |
| GSTR-4 Filing (Composition Taxpayers - FY 2024-25) 📑 | Annual GST return filing for composition taxpayers. | Composition taxpayers (turnover up to ₹1.5 crore). | |
| Form 24G Submission (Income Tax) 🏦 | Government deductors must submit Form 24G for centralized TDS processing. | Applicable to government deductors. | |
| TDS Filing for Property Transactions 🏡 | Filing of TDS returns (Form 26QB, 26QC, 26QD) for property and rental payments made in March 2025. | ₹50 lakh (Property), ₹2.4 lakh (Rent). |
Common Mistakes & Compliance Tips
✔️ GSTR-1 & GSTR-3B: Ensure timely filing to avoid late fees and maintain smooth ITC claims. ✔️ TDS Payments: Late payment attracts 1-1.5% interest per month. ✔️ PF & ESI: Ensure contributions are correctly calculated as per employee salaries. ✔️ GST Composition Scheme: Verify eligibility before opting in. ✔️ Professional Tax (PT): Some states, like Maharashtra, impose a yearly PT liability of ₹2500 for non-compliance.
Conclusion
Staying compliant with tax and regulatory deadlines is essential for businesses to maintain financial discipline and avoid unnecessary penalties. As Chartered Accountants, we recommend planning ahead and consulting with experts to ensure timely submissions.
For professional assistance with your compliance requirements, feel free to reach out to Sandeep Ahuja & Co, Chartered Accountants.
