India's gross GST collections for February 2025 increased by 9.1%, amounting to approximately ₹1.84 lakh crore. This growth reflects a 10.2% rise in domestic revenues and a 5.4% increase in imports.
Staying informed about tax deadlines is crucial for taxpayers to ensure compliance and avoid penalties. Below is a comprehensive overview of the important tax due dates for March 2025 and insights into the recent Goods and Services Tax ( GST) collections.
Deadline: This date marks the due date for furnishing the challan-cum-statement ok respect of tax deducted under Section 194AM for January 2025.
Taxpayers are required to deposit Tax Deducted at Source (TCS) for February 2025 by this date. Government offices paying without a Chalna must deposit on the same day as the deduction.
Fourth installment of advance tax: This is the due date for the fourth installment of advance tax for the assessment year (AY) 2025-26.
Full payment for presumptive taxation:
Taxpayers under the presumptive taxation scheme (sections 44AD/44ADA) are required to make the full payment of advocate tax for the Annual year 2025-26 by this date.
due date for the issuance of TDS certified for tax deducted under section 194-IA in January 2025.
Deadline: The due date for furnishing the challan-cum-statement in respect of tax deducted under Section 194M for February 2025.
Deadline: due date for filling the country-by-country report in form No. 3CEAD for the previous year 2023-24 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent.