If you are a proprietor, partner or a director of company, then you should know how to function your business under the laws applicable in India.
Read below to know more.
Under Companies Act Compliance
1. Maintain Books of Accounts.
2. Statutory Audit.
3. DIR-3 KYC.
4. RoC Annual Filings.
a. AOC-4
b. MGT-7
5. DSC renewals
6. Different compliances applicable under Companies Act: https://www.caumang.com/post/different-limits-of-companies-act-in-one-blog-best-reference-for-practicing-ca-cs-and-share-holder
7. Other event based and compulsory compliances:
Compliance under GST Act
1. Filing of GST Returns. (R-1, R-3B, R-4)
2. LUT under GST.
3. Annual return and Annual reconciliation statement.
4. Notices, Appeals and Representations.
5. Other form filings as applicable.
Compliance under Income tax Act
1. Advance Tax Payment.
2. TDS compliance.
3. Audit under Income Tax Act.
4. Income Tax returns.
5. Notices, Appeals and representations.
6. 15 CB/ CA filings.
7. Other form filings as applicable.
Labour/ Employees Laws compliance
1. If 10 or more employees
a. ESI payment and filings.
b. Payment of Gratuity.
c. Maternity benefit compliance.
d. POSH Act
2. If 20 or more employees
a. Payment of Bonus.
b. EPF payment and filings.
3. Irrespective of the number of employees
a. Shops and Estd License.
b. LWF Filings.
c. Professional tax employee compliance.
d. Minimum wage compliance
e. Equal Remuneration Act
Miscellaneous
1. Factory License.
2. Trade License.
3. Professional Tax employer compliance.
4. Pollution License.
5. Jamabandi (if owned land and building).
6. Shops license
7. Other local and industry license (based on industry the business operates) etc
a. IEC Code
b. AD code etc
Read here to get your compliance date wise
We have here compiled the broad compliances, to know your detail compliance, please consult your advisor.
We hope the above blog was helpful in enhancing your knowledge on the matter. In case of any queries feel free to get in touch with our team of experts.
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CA Umang Jain
+ 91 96323-32850
umang@caumang.com
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