August is here, and while it brings the festive spirit for many, for businesses it also brings a string of deadlines that demand attention. The start of a new month is always a good time to check your compliance calendar—and August is no exception. If you want to keep your business running without disruption, staying on top of your tax and statutory obligations is non-negotiable.
So instead of just listing dates, let’s walk through what this month looks like from a compliance lens—almost like a story unfolding week by week.
Early August: Don’t Miss the Starters
By the 7th, your TDS and TCS payments for the month of July should already be queued up. Whether it’s salaries, vendor payments, or contractor bills—if there’s a deduction involved, it’s time to settle the dues.
Just a few days later, on the 10th, employers are expected to deposit the Professional Tax deducted from their employees’ salaries. But here’s the catch—this one depends on which state you’re in. Not every state has the same rules, so local guidelines will apply.
Mid-August: Returns, Records, and Remittances
The second week brings GST action. The 11th is for monthly filers of GSTR-1 to report their outward supplies for July. If you’re under the QRMP scheme, you’ve got until the 13th to upload invoice data via IFF. While it’s optional, timely uploads help your B2B customers get their Input Tax Credit faster—so it’s good business practice.
Come 15th August, it’s not just Independence Day. It’s also when two important tasks are due: issuing TDS certificates in Form 16A for the April to June quarter and completing PF & ESI payments and filings for July. A day off for many, but a day to stay sharp for payroll and accounts teams.
Later in the Month: Critical Compliance Moves
Moving ahead, 20th August is when you need to submit GSTR-3B for July if you’re a monthly filer. This return is vital—it summarizes your tax liabilities, ITC claims, and actual payments. Mismatches or delays here can lead to interest, notices, and blocked credit.
If you’re a QRMP filer and don’t have enough ITC to cover your July liability, then 25th August is the day you should make the payment via PMT-06 challan. Ignoring this may result in interest charges when your GSTR-3B is filed later.
Wrapping Up August: Don’t Let It Spill Over
As the month draws to a close, don’t forget 30th August—the due date for certain special TDS payments. These include:
- TDS on property transactions (Form 26QB)
- TDS on rent payments (Form 26QC)
- TDS on contractor payments under section 194M (Form 26QD)
- TDS on crypto/digital asset transfers (Form 26QE)
These are event-driven, so if any such transaction took place in July, now’s the time to wrap it up.
Before You Log Off…
Compliance isn’t just about ticking boxes—it’s about keeping your business protected, your vendors happy, and your financial systems healthy. August might look packed, but with some pre-planning and good coordination between your accounts and compliance teams, you can clear it with confidence.
No alarms. No penalties. Just peace of mind.
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This article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event, RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or any inadvertent omission of the provisions, update, etc if any.
Published on: August 1, 2025