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Income Tax and GST Compliance Calendar of March 2024

Income Tax and GST Compliance Calendar

Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. Such compliance also inculcates adhering to the due dates of GST return filing about the complete compliance calendar detailed here and specified by the Indian government. Non-compliance with the due dates of GST return filing as per the March compliance calendar may result in imposing heavy penalties by the government for taxpayers in India. When it comes to tax evasion and corruption, tax compliance emerges as one of the central focuses of the Indian government and tax department.

In any case, a good citizen should always pay his taxes on time while adhering to all major tax-related rules and regulations proposed by the government as it is vital for the upliftment of an economy. Paying taxes as per the compliance calendar by taxpayers also helps the government properly function the administrative work related to tax collection. Taxpayers can also avoid heavy penalties and fines imposed by the government by filing their Income Tax returns on time.

Here are some of the major due dates concerning various tax compliance by the March 2024 calendar:

March 2024 Compliance Calendar of Income Tax

Due DateDescriptionSection
01-03-2024“Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M and 194S (by specified person)​ in the month of January 2024”Section 194-IA, 194-IB, 194M and 194S
07-03-2024“​Due date for deposit of Tax deducted/collected for the month of February, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan”Tax Deducted/Collected
15-03-2024“​Fourth instalment of advance tax for the assessment year 2024-25”Advance Tax
15-03-2024“Due date for payment of whole amount of advance tax in respect of assessment year 2024-25 for assessee covered under presumptive scheme of section 44AD / 44ADA”Section 44AD / 44ADA
15-03-2024“​Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February 2024 has been paid without the production of a challan”Form 24G
16-03-2024“Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M and 194S (by specified person) in the month of January 2024”Section 194-IA, 194-IB, 194M and 194S
30-03-2024“​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M and 194S (by specified person) in the month of February 2024”Section 194-IA, 194-IB, 194M and 194S
31-03-2024“Country-By-Country Report in Form No. 3CEAD for the previous year 2022-23 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent of such group”Form No. 3CEAD
31-03-2024“​Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2022 to March 31, 2023) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc.”Form No. 3CEAD
31-03-2024“Uploading of statement [Form 67], of foreign income offered to tax and tax deducted or paid on such income in previous year 2022-23, to claim foreign tax credit [if return of income has been furnished within the time specified under section 139(1) or section 139(4)”Section 139(1) and 139(4)
31-03-2024“​Furnishing of an updated return of income for the Assessment Year 2021-22”Assessment Year 2021-22

Recommended: Income Tax Return Filing Due Dates

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GST Compliance Calendar of March 2024

Due DatesCompliance ParticularsForms/(Filing Mode)
11.03.2024The last date to file the GSTR-1 form is March 11, 2024, for taxpayers having an annual aggregate turnover of more than INR 1.5 crore or the ones who have opted for the monthly return filing.GSTR 1
13.03.2024Monthly (February 2024)IIF
20.03.2024Annual Turnover of more than INR 5cr in Previous FY | February 2024GSTR 3B
20.03.2024Annual Turnover of up to INR 5cr in Previous FY | February 2024GSTR 3B
13.03.2024All the non-resident persons must file the GSTR-5 alongside the payment of GST on or before the given due date of 13th March 2024 for February 2024.GSTR 5
20.03.2024All the non-resident ODIAR services providers should file their monthly return GSTR-5A on or before the given due date of 20th March 2024, for the month of February 2024.GSTR 5A
13.03.2024Every Input Service Distributor (ISD) must file GSTR-6 on or before the given due date of 13th March for the period of February 2024.GSTR 6
10.03.2024The due date for filing GSTR 7 for the period of February 2024 is 10th March.GSTR-7
10.03.2024The due date for furnishing GSTR 8 for the period February 2024 for registered e-commerce taxpayers in India who are liable to pay TCS should be deducted on or before deducted on or before 10th March.GSTR 8

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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9 thoughts on "Income Tax and GST Compliance Calendar of March 2024"

  1. this line may be Rectify ‘Previous FY 2021- 2022 GSTR 3B20.06.2022 Annual Turnover of more than INR 5cr in Previous FY May 2022 GSTR 3B

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