STATUTORY COMPLIANCES

Meaning

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

 Compliance just means to comply with or adhere to.
 So statutory compliance means you are following the laws on a given
issue means adhering to rules and regulations.

Currently there are 42 acts that

are applicable on our company
under which 200(approximately)
compliances are to be adhered.
So far, 47 compliances under 13 acts
to be adhered by Finance and
Taxation department for various
location.
 Direct Tax Indirect Tax Secretarial
• FEMA 1999&
• Income Tax Act • Punjab State FEMA 2004
1961 Development Tax • Companies Act,
• Income Tax Act, 2018 2013
Rules,1962 • Central Goods • SS-1 Secretarial
and Services Tax Standard on
Act,2017 Meetings of the
• Punjab Goods Board of Directors
and Services Tax • CARO 2020
Act, 2017 • Companies
• Haryana Goods
(Accounts) Rules,
and Services Tax 2014
Act, 2017 • Companies
• Haryana Goods
(Management
and Services Tax and
Act, 2017 Administration)
Rules, 2014
Compliances under Direct Tax
 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
 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

Compliances under Indirect Tax

 Payment of tax by registered employer into state treasury.(PSD)
 Furnishing monthly details of outward supplies in Form GSTR-1
 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
Secretarial Compliances
 Filing of financial statements with ROC
 Submitting annual performance report in form ODI to RBI
 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