The month of March 2025 marks the end of the financial year, making it crucial for businesses and individuals to complete various compliance obligations. To ensure you meet all legal requirements, here’s a comprehensive due date calendar for tax filings, payments, and submissions under GST, Income Tax, PF, ESIC, and other relevant regulations. Staying ahead of these deadlines can save you from penalties and ensure smooth financial operations.
Important Compliance Dates for March 2025
| Date | Compliance Task | Relevant Act/Section |
|---|---|---|
| 7th March 2025 | TCS Payment (for February 2025) | Income Tax |
| 7th March 2025 | TDS/TCS Payment (Government Offices – February 2025) | Income Tax |
| 10th March 2025 | GSTR-7: Summary of Tax Deducted at Source (TDS) for February 2025 | GST |
| 10th March 2025 | GSTR-8: Summary of Tax Collected at Source (TCS) for February 2025 | GST |
| 11th March 2025 | GSTR-1: Outward Supplies Summary for February 2025 | GST |
| 13th March 2025 | GSTR-5: Return for non-resident taxable persons for February 2025 | GST |
| 13th March 2025 | IFF: Optional Invoice Furnishing for quarterly GSTR-1 filers for February 2025 | GST |
| 13th March 2025 | GSTR-6: Monthly return for Input Service Distributors for February 2025 | GST |
| 15th March 2025 | Form 24G Submission for Government Offices for February 2025 | Income Tax |
| 15th March 2025 | Advance Tax Payment for FY 2024-25 (4th Installment) | Income Tax |
| 15th March 2025 | ESIC & PF Payment for February 2025 | ESIC/PF |
| 17th March 2025 | Issue TDS Certificates for January 2025 under Section 194-IA, 194-IB, 194M, 194S | Income Tax |
| 20th March 2025 | GSTR-3B: GST Return for taxpayers with turnover > Rs. 5 Crore for February 2025 | GST |
| 20th March 2025 | GSTR-5A: Return for OIDAR service providers for February 2025 | GST |
| 25th March 2025 | PMT-06: GST Payment for QRMP Scheme for February 2025 | GST |
| 30th March 2025 | TDS Pay: Submission for Tax Deducted at Source for February 2025 | Income Tax |
| 31st March 2025 | Equalization Levy Deposit for Jan-Mar 2025 | Income Tax |
| 31st March 2025 | Last Date for Tax-saving Investments for FY 2024-25 (80C, 80D, etc.) | Income Tax |
| 31st March 2025 | CMP-02: Opt for Composition Scheme for FY 2025-26 | GST |
| 31st March 2025 | LUT Filing for Exports & SEZ for FY 2025-26 | GST |
| 31st March 2025 | ITR-U: Updated Return for Assessment Year 2022-23 | Income Tax |
Conclusion
The March 2025 Compliance Calendar is packed with important deadlines for businesses and individuals alike. By ensuring you meet these deadlines, you can avoid penalties and maintain smooth operations. Don’t forget to keep track of the relevant dates for filing tax returns, depositing contributions, and completing other statutory requirements to ensure you stay compliant with regulations.
FAQs
1. What is the significance of the March 2025 compliance calendar?
The March 2025 compliance calendar is crucial for businesses and individuals to ensure timely submission of tax returns, payments, and other regulatory filings before the end of the financial year. Missing deadlines can lead to penalties or interest charges.
2. What are the penalties for missing compliance deadlines?
Penalties for non-compliance can vary depending on the nature of the delay. For GST, TDS, and other taxes, there could be interest charges and fines. For certain filings, the authorities may levy late fees, which may increase with time.
3. What is the CMP-02 form under GST, and when should it be filed?
The CMP-02 form is filed by GST registered taxpayers who wish to opt for the Composition Levy scheme for the upcoming financial year. This must be submitted by March 31, 2025, to opt for the scheme for FY 2025-26.
4. What is the last date for completing tax-saving investments for FY 2024-25?
The last date to complete tax-saving investments (such as under Sections 80C, 80D, etc.) is March 31, 2025. These investments are crucial for reducing taxable income and availing of deductions.
5. When do I need to submit Form 24G for TDS payments made by government offices?
Form 24G is required to be submitted by government offices when TDS or TCS payments are made without a challan. The due date for this submission for February 2025 is March 15, 2025.
Pari is a passionate writer known for captivating stories that blend imagination and reality. Inspired by travel, history, and everyday moments, Pari crafts narratives that resonate deeply with readers.