This article contains various Due date calendar of Compliance requirements for the Month of March, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.
If you think compliance is expensive, try non‐ compliance”
Compliance Requirement Under
- Income Tax Act, 1961
- Goods & Services Tax Act, 2017 (GST)and Important Updates / Circulars
- Companies Act, 2013 (MCA/ROC Compliance) and Notifications
1. Due date calendar under Income Tax act, 1961
| Sl. | Compliance Particulars | Due Dates |
| 1 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of January 2022. | 02.03.2022 |
| 2. | Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. | 07.03.2022 |
| 3 | Due date for payment of fourth installment of advance tax for FY 2021-22. | 15.03.2022 |
| 4 | Due date for payment of whole amount of advance tax in respect of FY 2021-22 for assessee covered under presumptive scheme of section 44AD / 44ADA. | 15.03.2022 |
| 5 | Due date for filing of return of income for the assessment year 2021-22 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A apply. The due date for furnishing of return of income for Assessment Year 2021-22 has been extended to February 28, 2022, vide Circular no. 17/2021, dated 09-09-2021. The due date for filing of return of income has been further extended to March 15, 2022 vide Circular No. 01/2022, dated 11-01-2022. | 15.03.2022 |
| 6 | Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February 2022, has been paid without the production of a challan. | 15.03.2022 |
| 7 | Return of income for the assessment year 2021-22 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s). The due date for furnishing of return of income for Assessment Year 2021-22 has been extended to February 28, 2022, vide Circular no. 17/2021, dated 09-09-2021. The due date for filing of return of income has been further extended to March 15, 2022, vide Circular No. 01/2022, dated 11-01-2022. | 15.03.2022 |
| 8 | Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, and 194M in the month of February 2021. | 17.03.2022 |
| 9 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of February, 2022 | 30.03.2022 |
| 10 | Country-By-Country Report in Form No. 3CEAD for the previous year 2020-21 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. Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2020, to March 31, 2021) 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 the exchange of the report, etc. | 31.03.2022 |
| 11 | Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before March 31, 2021). The due date for filing of belated/revised return of income for the assessment year 2021-22 has been extended to March 31, 2022, vide Circular no. 17/2021, dated 09-09-2021. | 31.03.2022 |
| 12 | “Due date for linking of Aadhaar number with PAN” The due date for linking of Aadhaar number with PAN has been extended to March 31, 2022, vide Notification S.O. 3814(E), dated 17-9-2021. | 31.03.2022 |
Income Tax Due Date – Extensions
| Sl. | Nature of Extension | Provisions / Forms of IT Act 1961 | Earlier Due Date | Extended Due Date |
| 1 | The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., | Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act | 30.06.2021 | 31.03.2022 |
| 2 | Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before December 31, 2021). | Belated/revised return of income for the assessment year 2021-22 | 31.01.2022 | 31.03.2022 |
Important Notifications – For the month of February – 2022:
| Sl. | Particulars of the Notification(s) | File No. / Circular No. | Link(s) |
| 1. | Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia’s DTAAs with certain countries- Reg. | Circular No. 03/2022 | Click Here |
| 2. | Amendmentin the notification of the Government of India, Ministry of Finance (Department ofRevenue), Number 89 of 2020 | Notification No. 11/2022 | Click Here |
| 3. | Setting up of office for operationalizing Interim Boards for Settlement- reg. | F No. 189/01/ 2021– ITA-I | Click Here |
| 4. | – Order under section 119 of the Income-tax Act. 1961 for exercise all Dower ofsurvey u/s 133A of the Income-tax Act. 1961 and in pursuance of The Taxation andOther Laws (Relaxation and Amendment of Certain Provisional Act. 2020 – regarding | F No. 187/03/ 2020– ITA-I | Click Here |
| 5. | Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia’s DTAAs with certain countries- Reg. | Circular No. 03/2022 | Click Here |
| 6. | Notification No. 11/2022 may be read as Notification No.12/2022. | Notification No. 13/2022 | Click Here |
| 7 | Budget 2022-2023: Speech of Nirmala Sitharaman | Budget 2022-23 | Click Here |
2. Due date calendar under GST, 2017
A. Filing of GSTR –3B
a) Taxpayers having aggregate turnover >Rs. 5 Cr. in preceding FY
| Tax period | Due Date | Particulars |
| February, 2022 | 20thMarch, 2022 | Due Date for filling GSTR – 3B return for the month of Feb, 2022 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year |
b). Taxpayers having aggregate turnover uptoRs. 5 crores in preceding FY (Group A)
| Tax period | Due Date |
| February, 2022 | 22nd March, 2022 |
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep
c). Taxpayers having aggregate turnover uptoRs. 5 crores in preceding FY (Group B)
| Tax period | Due Date |
| February, 2022 | 24thMarch, 2022 |
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
d). GST payment for the month of February 2022 under QRMP scheme.
| Tax period | Due Date | Particulars |
| February, 2022 | 25thMarch, 2022 | Due Date for Payment of Tax Liability for the taxpayer with Aggregate turnover up to INR 5 crores during previous year and who has opted for Quarterly filing of return under QRMP. |
B. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return (February, 2022) | 11.03.2022 | “1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceeding year. 2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP” |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
| Form No. | Compliance Particulars | Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month | 20.03.2022 |
| GSTR -6 | Every Input Service Distributor (ISD) | 13th of succeeding month | 13.03.2022 |
| GSTR -7 | Return for Tax Deducted at source to be filed by Tax Deductor | 10th of succeeding month | 10.03.2022 |
| GSTR -8 | E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.03.2022 |
D. GSTR – 1 QRMP monthly / Quarterly return
| Form No. | Compliance Particulars | Timeline | Due Date |
| Details of outward supply-IFF& Summary of outward supplies by taxpayers who have opted for the QRMP scheme. | GST QRMP monthly return due date for the month of February, 2022 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore. Summary of outward supplies by taxpayers who have opted for the QRMP scheme. | 13th of succeeding month – Monthly Quarterly Return | 13.03.2022 |
E. GST Refund:
| Form No. | Compliance Particulars | Due Date |
| RFD -10 | Refund of Tax to Certain Persons | 18 Months after the end of quarter for which refund is to be claimed |
GST Major Update:
- Attention: Window to opt in for composition for the FY 2022-23 is made available at GST Portal. The eligible taxpayers, who wish to avail the composition scheme may opt in for composition before 31stMarch 2022.
- GST UPDATES –February, 2022:
| Sl. | Notification Particulars | Notification No. | Link(s) |
| 1. | Module wise new functionalities deployed on the GST Portal for taxpayers | GSTN Circular 521 | Click Here |
| 2. | Deployment of Interest Calculator in GSTR-3B | GSTN Circular 520 | Click Here |
| 3. | CGST Navi Mumbai Commissionerate busts fake ITC racket of Rs. 10.68 Crore, arrests proprietor of a steel firm | Press Release ID: 1795089 | Click Here |
| 4. | CGST Bhiwandi Commissionerate arrests businessman for running fake ITC network | Press Release ID: 1791828 | Click Here |
| 5. | Average monthly gross GST collection for third quarter of FY 2021-22 is Rs.1.30 lakh crore | Press Release ID: 1796308 | Click Here |
| 6 | CGST Navi Mumbai Commissionerate busts fake ITC racket of Rs. 10.68 Crore, arrests proprietor of a steel firm | Press Release ID:1795089 | Click Here |
| 7 | Setup of ‘GST Refund Help Desk’ in the office of Pr. CCA, CBIC | GSTN Circular : 523 | Click Here |
| 8 | Upcoming GSTR-1 enhancements & improvements | GSTN Circular : 525 | Click Here |
| 9 | Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 01 st April 2022. | 01/2022-Central Tax | Click Here |
3. Due date calendar under Companies Act and Laws
| Applicable Laws/Acts | Timeline / Due Dates | Compliance Particulars | Forms / (Filing mode) |
| EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952) | 15.03.2022 | PF Payment | ECR |
| ESIC (Employees’ State Insurance Act, 1948) | 15.03.2022 | ESIC Payment | ESI Challan |
| Contract Labour (Regulation &Abolition) Act, 1970 | Within 15 Days of commencement/ completion of contract work | Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer | Form VI-B |
| Contract Labour (Regulation &Abolition) Act, 1970 | Within 15 Days of commencement/ completion of contract work | Notice of commencement/ completion of contract work by the Contractor within 15 days | Form VI-A |
| Payment of Gratuity Rule | Within 30 Days of applicability of the Act & any change | Notice of applicability of the Act & any change | Form A or B |
| Shops And Establishments Act | 31.03.2022 | Annual Return Under Shops and Establishments Act – Jharkhand | Annual Return |
| Maharashtra Professional Tax Act | 31.03.2022 | Monthly Return for February Under Maharashtra Profession Tax, Trade and Ceilings (Monthly) | Profession Tax |
| Maharashtra Professional Tax Act | 31.03.2022 | Due Date for payment and e-return filling for FY 2021-22 (Annual) | Profession Tax |
Due dates of ROC Return Filings
| Sl. No. | Particulars | Due Date | E- Form |
| 1 | Appointment of Auditor | Within 15 days from the conclusion of AGM | ADT-1 |
| 2 | Filing of financial statement and other documents with the ROC | 15.03.2022 – due date extended for all Companies including OPC Within 30 days from the conclusion of the AGM, other than OPC (In case of OPC within 180 days from the close of the financial year) | AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL |
| 3 | Filing of annual return by a company. | 31.03.2022 – due date extended for all Companies including OPC Within 60 days from the conclusion of AGM | MGT-7 |
| 4 | Filing of annual return by a company. | 31.03.2022– due date extended for all Companies including OPC Within 60 days from the conclusion of AGM – Applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC and small companies. | MGT-7A |
KEY UPDATES – February, 2022:
1. What you need to know about the MCA’s mandatory Form CSR-2
The government had mandated that Corporate India publish a comprehensive report on their specific CSR initiatives. With the new 11-page form notified by the MCA on February 11, 2022, companies will have to provide the details of the CSR amount spent in the three preceding financial years and details of all ongoing projects.
This additional information can be used by the corporate affairs ministry in drafting effective policies for CSR. Companies will have to file the new Form CSR-2 for the preceding financial year (2020-21), on or before March 31, 2022. This is in addition to the Form AOC-4 for filing the company’s financial statement with the Registrar of Companies. These disclosures are also part of the annual report on CSR the MCA had mandated companies to file. This form will have to be submitted to the Registrar of Companies for the preceding financial year (2020-21) and onwards, the Ministry of Corporate Affairs (MCA) has said.
Form CSR-2, amongst other things, requires certain companies to report on matters such as the constitution of its CSR committee, its meetings, whether or not the company has disclosed on its website details about its CSR committee, CSR policy, and approved CSR projects. Also, the company is required to confirm whether an impact assessment of CSR projects has been carried out in pursuance of the Companies (CSR Policy) Rules, 2014. Under the report, the company is also required to submit detailed information around its investment in CSR Projects and the quantum of funds that has remained unspent.
Companies will have to provide the following in Form CSR-2:
- The details of the CSR amount spent in the three preceding financial years and details of all ongoing projects.
- Details of CSR Committee
- Details of CSR disclosed on the website of the company in pursuance of Rule 9 of Companies (CSR Policy) Rules, 2014
- Net Profit & other details of the company for the preceding financial years
- If any capital assets have been created or acquired through CSR spending, companies will have to provide details, including the address, location, pin code of the property, along with the amount spent and its registered owner.
- Source: Click Here
The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]
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