1. GST COMPLIANCES

a.   GSTR-1: - This return contains the details of the sales done by the assessee. It can be filed on monthly and quarterly basis. Monthly return must be filed before 11^th of every next month and Quarterly return must be filed before 13^th of every next month of the quarter.

b.  GSTR-3B: - This return contains the details related to ITC. It can also be filed on monthly and quarterly basis. Monthly return must be filed before 20^th of every next month and Quarterly return must be filed before 24^th of every next month of the quarter.

c.   GSTR-9: - It is the annual return that must be filed by the assessee if the turnover is above 2 crores rupees. This return must be filed before 31^st December of the next Financial Year.

d.  GSTR-9C: - It is also the annual return of the company that must be filed by the assessee along with GSTR 9 if the turnover is above 5 crores rupees. This return must be filed before 31^st December of the next Financial Year.

2. ACCOUNTING AUDIT TRAIL

According to the updated accounting trail rule by MCA department, from 1^st April 2023 onwards every private limited company has to maintain a proper accounting software in which it has to record all its business transaction properly.

3. INCOME TAX

a.   Company ITR (non-tax audit): It must be filed before 31^st October of every Assessment Year.

b.  Tax Audit: Company requiring tax audit must file its return before 30^th September.

4. MCA COMPLIANCES

a.   DPT 3: If a company accepts public deposits, then it has to file this form before 30^th June of the Assessment Year.

b.  DIN KYC: It is mandatory to file this form by every director of the company before 30^th September so that their DIN remain active.

c.   AGM: It stands for Annual General Meeting. It is mandatory for all the company to conduct the AGM before 30^th September of the Assessment Year.

d.  ADT 1: This form is filed for the appointment of the auditor of the company.

e.   AOC 4: This form is filed to show the financial statement and annual accounts of the company.

f.    MGT 7: It is called the annual return of the company. This form contains the details of the business activity, list of directors, list of shareholders and AGMs held in the company.

(FORM ADT 1, AOC 4, AND MGT 7 MUST BE FILED BEFORE 27^TH SEPTEMBER IN CASE OF OPC)

5. ESIC COMPLIANCES

Monthly Contributions:

Employer’s contribution: 3.25% of employee's wages

Employee’s contribution: 0.75% of employee's wages

(This must be done before 15^th of every month.)

6.   EPFO COMPLIANCES

Monthly Contributions:

Employee's share: 12% of basic salary

Employer's share: 12% of basic salary (Employer's share includes contributions towards EPF, EPS, and EDLI)

     Out of employer's 12% share:

·       3.67% goes to EPF

·       8.33% goes to EPS (Employees' Pension Scheme)

·       0.5% goes to EDLI (Employees' Deposit-Linked Insurance)

(This must be done before 15^th of every month.)