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Business Compliance
A compliance calendar every Indian SME should keep on the wall
Most SME penalties come from missing recurring dates, not from complex tax. A simple calendar covering monthly GST returns, quarterly TDS returns and the annual income tax deadline keeps you penalty-free — and keeps cash from leaking into late fees and interest.
The recurring dates to track
- GSTR-1 and GSTR-3B — monthly or quarterly, depending on your scheme.
- TDS returns — quarterly (31 Jul, 31 Oct, 31 Jan, 31 May).
- Advance tax — quarterly instalments.
- Income tax return — annual, by the due date for your category.
Why missed dates hurt
Late GST filing runs a daily late fee plus interest; late TDS returns cost ₹200/day under section 234E. Individually small, they add up — and repeated defaults attract scrutiny.
Make it automatic
The reliable fix is to put compliance on a calendar someone owns, with reminders ahead of each date. Outsourcing this means the deadlines are simply handled.
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Reviewed by Abhishek Kumar. General information, not individual tax advice — rules change, so confirm current rules for your situation before acting.