Saturday, October 16, 2021

Corporate Compliance Calendar 2021

 

ROC Compliance

Compliance Form/Filing

Particulars

Due Date

Annual Compliance

Annual Filing for LLPs

Form 11

Every LLP registered in India is required to file its annual return in LLP form 11 within 60 days from the closure of the FY. The due date for FY 20-21 has been extended due to the COVID 19 situation.

31st July, 2021

Return of Deposits Received

Form DPT 3

Information about the loan or money received by the Company up to 31st March of that financial year are to be reported the ROC in Form DPT-3 annually.

The form was due to be filed by 31st August, 2021 with normal fee, after which additional fee for delayed filing is applicable.

31st August, 2021

Annual Filing for LLPs

Form 8

LLP Form 8 (Statement of Accounts of LLP) for FY 20-21.

30th October, 2021

(Now extended to 30th December, 2021) 

Vendor Classification of MSME

Form MSME 1

MSME classification of the vendors into Micro, Small or Medium in your accounts database as per the new definitions of MSME to be obtained and amounts outstanding to such vendors beyond 45 days as on 30th Sep will have to be reported with reason for such delay in the Form MSME-1

31st October, 2021

Holding of AGM for laying down annual audited financial statements

The due date for holding the AGM by the corporate entities and laying down their annual audited financial statements for the FY 2020-21 which was 30th September, 2021 has been extended by 2 months.

30th November, 2021; But gap between two AGMs should not exceed 15 months.

Annual Filling for Companies

Form AOC 4

Form for filing financial statement as on 31st March, 2021 and other documents with the Registrar has to be filed.

Within 30 days of AGM;

But latest by 30th December, 2021

Annual Filling for Companies

Form MGT 7 or 7A

Form for filing Annual Return of FY 2020-21 by a company.

Within 60 days of AGM; But latest by 29th January, 2022

Other Compliances

For Newly Incorporated Companies

Form INC 20A

Declaration for commencement of business is to be filed through this form.

Within 180 days from the date of incorporation

Change in directors and the key managerial personnel

Form DIR 12

In case of changes in Directors or Key Managerial Personnel of companies, form DIR-12 is to be filed with the ROC

Within 30 days from the date of appointment, resignation etc.

Appointment of auditor

Form ADT 1

The company shall inform the ROC regarding the appointment of the auditor for FY 2020-21.

Within 15 days of the AGM/EGM

Compliance for undertaking CSR Activities

Form CSR 1

Every Section 8 Company, Public Trust, or Society registered under Section 12A of the Income Tax Act which intends to undertake any CSR activity shall register itself with the Central Government by filing Form CSR-1. This requirement has come into force with effect from 1st April, 2021.

None specified, but compliance is mandatory


Income Tax Compliance

Compliance Form/Filing

Particulars

Due Date

Linking of Aadhaar number and PAN

Compliance required under Section 139AA

30th September, 2021

Contribution towards PF and ESI

The liability for Depositing contribution towards PF/ESI of September month

15th October, 2021

TCS Return – Q2 FY21-22

The Statement of Tax Collection at Source under Income Tax Laws for the quarter ended Jul-Sep 2021 of FY 2021-22

15th October, 2021

TDS Return – Q2 FY21-22

The Statement of Deduction of Tax for the quarter ended Jul-Sep 2021 of FY 2021-22

31st October, 2021

Advance Tax Deposit – Third Installment

The third instalment for Advance Tax for AY 2021-22 (FY 2020-21). At least 75% of the estimated tax liability for the year must be paid by such date to avoid interest.

15th December, 2021.

Equalisation Levy Statement

Form 1

Compliance procedure for the Equalisation Levy is the responsibility of the service recipient. Due date of furnishing Equalisation Levy Statement is on or before 30th June of FY ended, which has been extended by 6 months for FY20-21.

31st December, 2021

ITR Filing for AY 2021-22

ITR for non tax audit cases

31st December, 2021

Furnishing Audit Report for AY 2021-22

Submission of Audit Report (Section 44AB) for taxpayers liable for audit under the Income Tax Act

15th January, 2022

Furnishing Audit Report for AY 2021-22

The Audit Report under Transfer pricing

31st January, 2022

ITR Filing for AY 2021-22

ITR for tax audit cases

28th February, 2022

Revise or Belated Return

The due date for furnishing the revised or belated return

31st March, 2022 


GST Compliance

Compliance Form/Filing

Particulars

Due Date

GST Rectifications for FY 2020-21

GST Return for September 2021 is the last opportunity to pass rectification entries relating to the FY 20-21 in the returns as amendment.

Reconcile and match all your sales for FY 2020-21 with sales reported in GSTR-3B and GSTR-1 and reconcile GSTR-2A with Input Credit Register on the basis of which ITC has been claimed in each month's GSTR-3B.

Any adjustments are allowed up to the date of filing GST returns for September only.

- Monthly Filing GSTR 1

September, 2021

11th October, 2021

- Quarterly Filing GSTR 1

July – September, 2021

13th October, 2021

- Monthly Filing GSTR 3B

September, 2021

20th October, 2021

- Quarterly Filing GSTR 3B

July – September, 2021

22nd or 24th October based on State

GSTR 9 for FY 20-21

(Reconciliation Statement; Also known as GST Audit)

For businesses having aggregate turnover exceeding Rs. 2 Crores

31st December, 2021

GSTR 9C for FY 20-21

GSTR-9C is due to be filed by taxpayers or businesses having an aggregate turnover exceeding Rs. 5 Crores.

Earlier requirement of certification by CA for GSTR-9C has been done away with. Now the taxpayers have to submit a self-certified form and complete reconciliation statement without audit.

31st December, 2021