India's corporate tax compliance calendar for January to March 2023

India’s corporate tax compliance calendar for January to March 2023

Posted On: December 29, 2022

We outline the key Indian calendar tax compliance reporting forms and due dates for the final Quarter of Fiscal Year (FY) 2023 that must be submitted by all registered companies regardless of their corporate structure.

We are providing a list of deadlines for various Goods and Services Taxes (GST) compliance for the period from January to March 2023 as India prepares to enter the final Quarter of Fiscal Year (FY) 2023. To avoid paying interest or late payment penalties, all companies registered in India are required to submit specific information on the key reporting forms.

For a For a detailed summary of the major GST changes India has experienced in 2022, you can read our detailed analysis here. For more information on compliance obligations in India or reporting requirements for foreign companies doing business in India, please contact our experts at [email protected].

Here is a list of all GST related compliances:

Tax compliance in January 2023
meeting	details
January 7, 2023	Payment of withholding taxes in December 2022.
January 11, 2023	Electronic filing of details of overseas supplies of taxable goods and/or services on Form GSTR-1 for December 2022.
January 13, 2023	Electronic filing of details of overseas supplies of taxable goods and/or services on Form GSTR-1 for the third quarter of fiscal year 2023 (October to December 2022) by taxpayers with sales of less than INR 15 million in fiscal year 2022.
January 20, 2023	Electronic submission of GSTR-3B GST Liability Waiver Form for December 2022 by taxpayers with revenue over INR 50 million in fiscal year 2022.
January 22, 2023	Electronic Submission of December 2022 GST Liability Waiver Form GSTR-3B by taxpayers with revenue of up to INR 50 million in FY2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala , Tamil Nadu, Telangana , Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
January 24, 2023	Electronic filing of December 2022 GST Tax Waiver Form GSTR-3B by taxpayers with revenue of up to INR 50 million in FY2022 for the states/UTs other than the above.
January 31, 2023	File quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q electronically.
January 31, 2023	File quarterly (October to December 2022) withholding tax returns in Form 24Q/26Q/27Q electronically.

Tax compliance in February 2023
meeting	details
February 7, 2022	Payment of withholding taxes in January 2023.
February 11, 2022	Electronic filing of details of overseas supplies of taxable goods and/or services on Form GSTR-1 for January 2023.
February 20, 2022	Electronic submission of GSTR-3B GST Liability Waiver Form for January 2023 by taxpayers with revenue over INR 50 million in fiscal year 2022
February 22, 2022	Electronic submission of GSTR-3B January 2023 GST Liability Waiver Form by taxpayers with revenue up to INR 50 million in FY 2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala , Tamil Nadu, Telangana , Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
February 24, 2022	Electronic submission of GST Tax Waiver Form GSTR-3B for January 2023 by taxpayers with revenue of up to INR 50 million in FY2022 for the states/UTs other than the above.
February 25, 2022	Payment of tax due in PMT-06 for January 2023 for the taxpayers filing a return under the QRMP (Quarterly Return Monthly Payment) scheme.

Tax compliance in March 2023
meeting	details
March 7, 2022	Payment of withholding taxes in February 2023.
March 11, 2022	Electronic filing of details of supplies of taxable goods and/or services abroad in form GSTR-1 for February 2023.
March 15, 2022	Payment of tax prepayments up to the estimated tax liability for the financial year 2023.
March 20, 2022	Electronic submission of GSTR-3B GST Liability Waiver Form for February 2023 by taxpayers with revenue over INR 50 million in fiscal year 2022.
March 22, 2022	Electronic Submission of GST Tax Waiver Form GSTR-3B for February 2023 by taxpayers with revenue of up to INR 50 million in FY2022 for the following states (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala , Tamil Nadu, Telangana , Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep).
March 24, 2022	Electronic filing of GST Tax Waiver Form GSTR-3B for February 2023 by taxpayers with revenue of up to INR 50 million in FY 2022 for the states/UTs other than the above
March 25, 2022	Payment of the tax due in PMT-06 for February 2023 for the taxpayers filing a declaration under the QRMP scheme.
March 31, 2022	Submission of a Country-by-Country (CbC) Report by an Indian Parent Company or Indian Constituent Entities of an International Group, where no Information Sharing Agreement has been signed, in relation to Financial Year 2022 (in Form 3CEAD).

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