Considering the fact that tax compliance affects all businesses regardless of the size, it is very important for any business to stay up to date to avoid cases of penalties, ensure smooth operations and to achieve credibility. Below are the due date chart for November 2024’s tax compliance for the FY 2024-25 for GSTR and TDS and Income Tax returns.
√GSTR Compliance Deadlines
Making GSTR filings is used to document GST responsibilities effectively. filings ensure proper documentation of GST liabilities. Here are the major due dates for November 2024:
- GSTR-1 (Monthly) for October 2024
Due Date: 11th November 2024
Description: For entities that use monthly filing of GSTR-1 return, this is the deadline to report the outward supplies and keep correct GST records.
- GSTR1 IFF (Optional) of Quarterly Return Monthly Payment (QRMP) Scheme for October 2024
Due Date: 13th November 2024
Description: The taxpayers under QRMP scheme can take the Invoice Furnishing Facility (IFF) for early reporting of the invoices of October to enhance the customer’s cash flow.
- GSTR-3B (Monthly) for October 2024
Due Date: 20th November 2024
Description: October GSTR-3B should be filed early in the month for the declaration of tax returns and input tax credit availed by the business.
- GSTR-3B (Quarterly) for July-September 2024 (under QRMP)
Due Date: 22nd or 24th November 2024
Description: For the taxpayers under the QRMP scheme, GSTR-3B for Q2 has to be filed based on the state selected and is either November 22 for the group A states or November 24 for the group B states.
√TDS Payment and Filing Deadlines
Timely TDS payments help in preventing interest charges or penalties. Learn More
