Statutory and Tax Compliance for the month of July 2022

List of Statutory and Tax Compliance for the month of July 2022

Individuals and businesses, large and small, are required in India to comply with tax and statutory compliance requirements. It is critical for all businesses (Private Limited Company, Public Limited Company, Limited Liability Partnership, Partnership, or Sole Proprietorship Firm) to keep track of various compliance Due dates that fall in each month of the year, such as Income Tax Return Filing, GST Return Filing, ROC Compliance Due dates, and so on.

It is important for Startups & businesses to stay compliant with various compliance during the month.

Please refer to various due dates for the month of July 2022

07-July

• Due Date for Payment of TDS for the month of June 2022

10-July

• GSTR 7 & GSTR 8 for the month of June 2022

11-July

• GSTR 1 for June 2022 - Taxpayers having an aggregate turnover of more than Rs.5 Crores or opted to file Monthly Return

13-July

• GSTR1 for QRMP Taxpayers Apr 2022 to June 2022
• GSTR 6 for the month of June 2022 for ISD (Input Service Distributor)
• GSTR 2B Generation Date

15-July

• Payment of PF & ESIC for the month of June 2022
• FLA- Annual Return to RBI for FY 2021-22

20-July

• GSTR 3B for the month of June - 2022 for a taxpayer other than QRMP taxpayers
• GSTR 5 & 5A for June 2022

22-July

• GSTR 3B for the quarter of April – June 2022 for QRMP taxpayers

30-July

• PT Return Filing for July 2022

31 – July

• Income Tax Return Filing for FY 21-22 – All individuals& Non-Audit cases
• TDS Return Filing for Q1 (Apr 22 to June 22) of FY 22-23

The month of July 2022 is significant because it contains several compliance deadlines under the Goods and Services Act, Income Tax Act, Companies Act, and LLP Act. Filing the aforementioned forms by the due dates will save taxpayers from significant penalties. However, due dates may be extended by the relevant departments from time to time in response to various events or representations from stakeholders.

Filing the above-mentioned forms on or before the due dates will save the Taxpayers from hefty penalties.

Do contact Jordensky Team in case you would require any clarification on the same

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