Statutory Compliances

Introduction

Meaning

 Statutory means "of or related to statutes,".

 Compliance means to comply with or adhere to.
 So statutory compliance means  adhering to rules and
regulations.

Currently there are 42 acts applicable on our company under which

200(approximately) compliances are to be adhered to.

So far, 47 compliances under 13 acts to be adhered by Finance and Taxation

department for various location
Acts Applicable

Direct Tax Indirect Tax Secretarial

 Punjab State Development

 Income Tax Rules,1961
Tax Act, 2018
 Income Tax Act 1962
 Central Goods and Services
Tax Act,2017
 Punjab Goods and
Services Tax Act, 2017
 Haryana Goods and
Services Tax Act, 2017
 Haryana Goods and
Services Tax Act, 2017
 FEMA 1999& FEMA 2004
 Companies Act, 2013
 SS-1 Secretarial Standard
on Meetings of the Board
of Directors
 CARO 2020
 Companies (Accounts)
Rules, 2014
 Companies (Management
and Administration) Rules,
2014
Compliances so far

 Payment of TDS/TCS monthly challan.

 Filing return quarterly for TDS/TCS.
 Filing of annual income tax return
 Filing Form 10DA for claiming deduction on additional employee cost incurred
Direct Tax

 Payment of Advance Tax

 Furnishing report on computation of book profit in Form 29B
 Report of information in Part A of Form No. 3CEAA
 Submit report in form 3CEB
 Issue of TDS/TCS Certificates
 Filing 3CA and 3CD

 Payment of tax by registered employer into state treasury.(PSD)

 Furnishing monthly details of outward supplies in Form GSTR-1
Indirect Tax

 Filing of return in Form GSTR-3B

 Furnishing self-certified reconciliation statement in FORM GSTR-9C along with annual return
 Furnishing annual return in Form GSTR-9
Continued..

 Filing of financial statements with ROC

 Submitting annual performance report in form ODI to RBI
Secretarial

 Filing financial statements in XBRL format with ROC

 Filing annual return in Form MGT-7
 Certification of annual return in Form MGT-8
 Providing additional matters along with Auditor’s report