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Statutory Compliance Calendar – December 2024

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Statutory Compliance Calendar – December 2024

The taxpayer must ensure the 3rd installment is paid on time to avoid interest under Sections 234B and 234C. Annual GST Returns: Start reconciling data for GSTR-9 and GSTR-9C early to avoid last-minute errors or delays. Tax compliance is essential for all taxpayers in India to ensure adherence to the government’s rules and regulations. Below is the detailed statutory calendar for December 2024:

Income Tax Compliance

Due Date	Compliance Particulars	Relevant Section/Form
07-Dec-2024	Deposit TDS/TCS for November 2024.	TDS/TCS
	Submission of Form 27C for no TCS declaration.	Form 27C
15-Dec-2024	Furnishing Form 24G by Government offices where TDS/TCS has been paid without challan.	Form 24G
	Pay the third installment of advance tax for AY 2025-26.	Advance Tax
	Issue TDS certificates for tax deducted under Sections 194-IA, 194-IB, 194M, and 194S for October 2024.	Sections 194-IA, 194-IB, 194M, and 194S
	Furnish Form 3BB by stock exchanges regarding modified client codes for November 2024.	Form 3BB
30-Dec-2024	Submit challan-cum-statement for tax deducted under Sections 194-IA, 194-IB, 194M, and 194S for November 2024.	Challan-cum-statement
	File Form 3CEAD for reporting entities of international groups (if parent entity is not required to file reports in its country).	Form 3CEAD
31-Dec-2024	File belated/revised income tax returns for AY 2024-25 (provided assessments are not completed).	AY 2024-25

GST Compliance

Due Date	Compliance Particulars	Relevant Form
10-Dec-2024	File GSTR-7 for TDS deducted in November 2024.	GSTR-7
	File GSTR-8 for TCS collected by e-commerce operators for November 2024.	GSTR-8
11-Dec-2024	File GSTR-1 for outward supplies for taxpayers with an annual turnover of more than ₹1.5 crore or monthly filers for November 2024.	GSTR-1
13-Dec-2024	File GSTR-5 for non-resident taxpayers.	GSTR-5
	File GSTR-6 for Input Service Distributors (ISD).	GSTR-6
	File IFF (optional) for QRMP scheme participants.	Invoice Furnishing Facility (IFF)
20-Dec-2024	File GSTR-3B for November 2024 (for annual turnover above ₹5 crore or taxpayers opting for monthly returns).	GSTR-3B
	File GSTR-5A for OIDAR services by non-resident taxpayers.	GSTR-5A
25-Dec-2024	Pay monthly GST under the QRMP scheme for November 2024.	QRMP
31-Dec-2024	File GSTR-9 (Annual Return) for FY 2023-24.	GSTR-9
	File GSTR-9C (Reconciliation Statement) for FY 2023-24.	GSTR-9C

PF/ESI Compliance

Due Date	Compliance
15-Dec-2024	File ECR and deposit ESI/PF contributions for November 2024.

Other Compliances

Due Date	Compliance
07-Dec-2024	Deposit equalisation levy for November 2024.
	Report ECB transactions via Form ECB-2 return (FEMA).
31-Dec-2024	Submit XBRL DNBS-10 for NBFCs with assets exceeding ₹100 crore (MCA).

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Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.