Taxation and MCA – ROC Compliance
Calendar _ January 2020
About Article:
This article contains various Compliance
requirements under Statutory Laws. Compliance means “adhering to rules and regulations.”
Compliance Requirement Under
1. Income Tax Act, 1961 and update
2. Goods & Services Tax Act, 2017
(GST) and updates
3. Companies Act, 2013 (MCA/ROC and
LLP Compliance) and updates.
1. Compliance requirement under Income Tax act, 1961|
Income Tax
Act, 1961
|
07.01.2020
|
Due date
for deposit of tax deducted/collected for the month of December, 2019. (TDS
& TCS)
|
TDS &
TCS
|
|
Income Tax
Act, 1961
|
14.01.2020
|
Due date
for issue of TDS Certificate for tax deducted under Section 194-IA in
the month of December, 2019
|
|
|
Income Tax
Act, 1961
|
14.01.2020
|
Due date
for issue of TDS Certificate for tax deducted under section 194-IB in
the month of December, 2019
|
|
|
Income Tax
Act, 1961
|
15.01.2020
|
Due date for furnishing of Form 24G by an office of the Government
where TCS for the month of December, 2019 has been paid without the
production of a challan
|
Form 24G
|
|
Income Tax
Act, 1961
|
15.01.2020
|
Quarterly statement of TCS deposited for the quarter ending December
31, 2019
|
Quarterly statement of TCS deposited
|
|
Income Tax
Act, 1961
|
15.01.2020
|
Quarterly statement in respect of foreign remittances (to be furnished
by authorized dealers) in Form No. 15CC for quarter ending December, 2019
|
Form No. 15CC
|
|
Income Tax
Act, 1961
|
15.01.2020
|
Due date for furnishing
of Form 15G/15H declarations received during the quarter ending December,
2019
|
Form 15G/15H
|
|
Income Tax
Act, 1961
|
30.01.2020
|
Quarterly
TCS certificate in respect of tax collected for the quarter ending December
31, 2019
|
|
|
Income Tax
Act, 1961
|
30.01.2020
|
Due date
for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in
the month of December, 2019
|
|
|
Income Tax
Act, 1961
|
30.01.2020
|
Due date
for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in
the month of December, 2019
|
|
|
Income Tax
Act, 1961
|
31.01.2020
|
Quarterly
statement of TDS deposited for the quarter ending December 31, 2019
|
|
|
Income Tax
Act, 1961
|
31.01.2020
|
Quarterly
return of non-deduction at source by a banking company from interest on time
deposit in respect of the quarter ending December 31, 2019
|
|
|
Income Tax
Act, 1961
|
31.01.2020
|
Intimation
under section
286(1) in Form No. 3CEAC, by a resident constituent entity of an
international group whose parent is non-resident
|
Form No. 3CEAC
|
Note:
1.
PAN-Aadhaar
linking deadline extended to MARCH, 2020
The due date for linking of PAN with Aadhaar as specified under
sub-section 2 of Section 139AA of the Income-tax Act,1961 has been extended
from 31st December, 2019 to 31st March, 2020. (Notification no.107 of 2019
dated 30/12/2019 issued by CBDT.)
2.
persons
who have made a declaration under sub-section (1) of section 183, but have not
made payment of the tax and surchargepayable under section 184
In exercise of the powers conferred by the proviso to
sub-section (1) of section 187 of the Finance Act, 2016 (28 of 2016), the
Central Government hereby specifies that the persons who have made a
declaration under sub-section (1) of section 183, but have not made payment of
the tax and surcharge payable under section 184 and penalty payable under
section 185 of the said Act, in respect of the undisclosed income, on or before
the due date notified by the Central Government vide notification number S.O.
1830 (E), dated the 19th May, 2016, (as subsequently amended vide notification
number S.O. 2476 (E), dated the 20th July, 2016), may make the payment of such
amount on or before the 31st day of January, 2020, along with interest on such
amount, at the rate of one per cent. for every month or part of a month
comprised in the period commencing on the date immediately following the said
due date as so notified and ending on the date of such payment.
3.
Income
Tax (15th Amendment) Rules, 2019
4.
Clarifications
in respect of prescribed electronic modes under section 269SU of the Income-tax
Act, 1961Source: https://www.incometaxindia.gov.in/communications/circular/circular_32_2019.pdf
Important Notifications:|
Sl. No.
|
Particulars of the Notification(s)
|
Notification Link(s)
|
|
1.
|
Order
under section 119(2) of the Income-tax Act, 1961- Extension of the due dateof
payment of tax deducted at source under 194M of the Ac
|
|
|
2.
|
Extension of due
date for filing of Income-tax Returns/Tax Audit Reports to 31st January, 2020
in respect of Union Territory of Jammu and Kashmir and Union Territory of
Ladakh
|
|
|
3.
|
Extension
of time limit for filing of response to notices issued under section 142(1)
of the Income-tax Act 1961 under E-assessment Scheme 2019
|
|
|
4.
|
Clarifications
in respect of prescribed electronic modes under section 269SU of the
Income-tax Act, 1961
|
|
|
5.
|
Notification
No. 105/2019, prescribing electronic modes of payment u/s 269SU of the
Income-tax Act, 1961
|
|
|
6.
|
Public
consultation on the proposal for amendment of Income-tax Rules 1962, to
insert new Form 15E, to give effect to the amendment in section 195 of the
Income-tax Act, 1961
|
*Order under section
119(2) of the Income-tax Act, 1961- Extension of the due date of payment of tax
deducted at source under 194M of the Act
2. Compliance Requirementunder Goods & Services Tax
Act, (GST) 2017
|
Applicable Laws/Acts
|
Due Dates
|
Compliance
Particulars
|
Forms/
(Filing mode)
|
|
GST, Act,
2017
|
10.01.2020 |
Form GSTR-7
{TDS Deductor)
|
GSTR-7
|
|
GST, Act,
2017
|
10.01.2020 |
Form GSTR-8 (for the month of December
2019) -TCS Collector
(Summary of Tax Collected at Source (TCS)
and deposited by E-commerce operators under GST laws)
|
GSTR – 8
|
|
GST, Act, 2017
|
11.01.2020
|
Return of
outward supplies of taxable goods and/or services for the Month of December
2019 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return.
|
GSTR – 1
|
|
GST, Act,
2017
|
13.01.2020
|
Due date
for Furnishing return of December 2019 by Input Service Distributors (ISD)
|
GSTR – 6
|
|
GST, Act,
2017
|
20th of the succeeding
|
Payment of self-assessed tax
(Payment of tax shall be made by 20th of the
month succeeding the month to which the liability pertains.)
|
PMT-08
|
|
GST, Act,
2017
|
18 months after end of the quarter for which refund is to be
claimed
|
Application for Refund
|
RFD-10
|
|
GST, Act,
2017
|
20.01.2020
|
Summary of outward taxable supplies and tax payable by
Non-Resident taxable person & OIDAR respectively.
(for the month of December, 2019)
|
GSTR-5 &
GSTR - 5A
|
|
GST, Act,
2017
|
20.01.2020
|
Simple GSTR
return for the month of December, 2019
|
GSTR – 3B
|
|
GST, Act,
2017
|
18.01.2020
|
Return
filed by composition dealer statement-cum-challan
to declare the details or summary of his/her self-assessed tax payable for a
given quarter.
(October 2019 to December 2019)
|
CMP - 08
|
|
GST, Act,
2017
|
31.01.2020
|
Annual
Returns for FY 2017-18
|
GSTR-9,
GSTR-9A & GSTR-9C
|
|
GST, Act,
2017
|
3 months of
the registration cancellation date or order cancellation date, whichever
comes late
|
A taxable
person who opts for cancellation of GST registration has to file a final
return under GST law in form GSTR-10 within three months.
|
GSTR - 10
|
|
GST, Act,
2017
|
28thof the month
following the month in which an inward supply is received by the UIN holders
|
Statement
of inward supplies by persons having Unique Identification Number (UIN)
|
GSTR - 11
|
Key UPDATE(s):
1.
Annual
Return 2017-18
Updated version of the Offline tool of GSTR-9C
(Version 1.5) was made available on the portal on 24-12-2019. A minor issue has
come to notice in auditor`s certificate issued in Part-B(ii) . The issue will
be fixed shortly. In the meantime, where Part-B(ii) of the certificate is not
applicable i.e. auditor preparing GSTR-9C has also conducted audit of the
business and same number is applicable, they may continue with statement
preparation and filing.
2.
Forms
available on GST Portal for Taxpayers and Tax Officials
Government has issued various forms for GST related
compliances to be made by taxpayers and for taking actions on them by tax
officials. Various forms issued for registration, filing returns or refunds
etc. have been made available on the GST Portal.. (https://www.gst.gov.in/newsandupdates/read/340)
3.
List
of CGST nodal officers for IT Grievance Redressalhttp://cbic.gov.in/htdocs-cbec/gst/IT-Grievance-Nodal-Officers.xlsx
4.
Blocking
and Unblocking of EWB generation facility at E-way Bill Portal
5. Explanatory
Notes to the Scheme of Classification of Services
GST Updates
as on 29.11.2019:|
Sl.
No.
|
Notification(s)
|
Notification
No.
|
Link(s)
|
|
1.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover
more than 1.5 crore rupees for the months of July, 2019 to September, 2019
|
63/2019-Central Tax ,dt. 12-12-2019
|
|
|
2.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover
more than 1.5 crore rupees for the month of October, 2019.
|
64/2019-Central Tax ,dt. 12-12-2019
|
|
|
3.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-7 for registered persons in Jammu and Kashmir for the months of July,
2019 to October, 2019.
|
65/2019-Central Tax ,dt. 12-12-2019
|
|
|
4.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-3B for registered persons in Jammu and Kashmir for the months of July,
2019 to September, 2019
|
66/2019-Central Tax ,dt. 12-12-2019
|
|
|
5.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-3B for registered persons in Jammu and Kashmir for the month of October,
2019
|
67/2019-Central Tax ,dt. 12-12-2019
|
|
|
6.
|
Seeks to carry out changes in the CGST Rules, 2017.
|
68/2019-Central Tax ,dt. 13-12-2019
|
|
|
7.
|
Seeks to notify the common portal for the purpose of
e-invoice.
|
69/2019-Central Tax ,dt. 13-12-2019
|
|
|
8.
|
Seeks to notify the class of registered person required to
issue e-invoice.
|
70/2019-Central Tax ,dt. 13-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-70-central-tax-english-2019.pdf
|
|
9.
|
Seeks to give effect to the provisions of rule 46 of the CGST
Rules, 2017.
|
71/2019-Central Tax ,dt. 13-12-2019
|
|
|
10.
|
Seeks to notify the class of registered person required to issue
invoice having QR Code.
|
72/2019-Central Tax ,dt. 13-12-2019
|
|
|
11.
|
Seeks to extend the last date for filing of FORM GSTR-3B for
the month of November, 2019 by three days from 20.12.2019 till 23.12.2019.
|
73/2019-Central Tax ,dt. 23-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-73-central-tax-english-2019.pdf
|
|
12.
|
Seeks to waive late fees for non- filing of FORM GSTR-1 from
July, 2017 to November, 2019.
|
74/2019-Central Tax ,dt. 26-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-74-central-tax-english-2019.pdf
|
|
13.
|
Seeks to carry out changes in the CGST Rules, 2017.
|
75/2019-Central Tax ,dt. 26-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-75-central-tax-english-2019.pdf
|
|
14.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-1 for registered persons in Assam, Manipur or Tripura having aggregate
turnover more than 1.5 crore rupees for the month of November, 2019.
|
76/2019-Central Tax ,dt. 26-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-76-central-tax-english-2019.pdf
|
|
15.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-3B for registered persons in Assam, Manipur, Meghalaya or Tripura for
the month of November, 2019
|
77/2019-Central Tax ,dt. 26-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-77-central-tax-english-2019.pdf
|
|
16.
|
Seeks to extend the due date for furnishing of return in FORM
GSTR-7 for registered persons in Assam, Manipur or Tripura for the month of
November, 2019.
|
78/2019-Central Tax ,dt. 26-12-2019
|
http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-78-central-tax-english-2019.pdf
|
Important Circulars:|
Sl. No.
|
Circular (s)
|
File No.
|
Link(s)
|
|
1.
|
seeks to ab-initio
withdraw the Circular No. 107/26/2019 dated 18.07.2019.
(Circular no. 127/2019)
|
F.
No. CBEC – 20/06/03/2019 – GST dated 04.12.2019
|
|
|
2.
|
Generation and quoting of Document Identification Number (DIN)
on any communication issued by the officers of the Central Board of Indirect
Taxes and Customs (CBIC) to tax payers and other concerned persons.
(Circular no. 128/2019)
|
F. No. GST/INV/ DIN/01/2019-20
dated 23.12.2019
|
|
|
3.
|
Standard Operating
Procedure to be followed in case of non-filers of returns – reg.
(Circular no. 129/2019)
|
F.
No. CBEC-20/06/04/2019-GST,dt. 24-12-2019
|
|
|
4.
|
RCM on renting of motor vehicles.
(Circular no. 130/2019)
|
F. No.
354/189/2019-TRU,dt. 31-12-2019
|
3. Compliance
Requirement UNDER Companies Act, 2013 and Rules made thereunder;|
Applicable
Laws/Acts
|
Due
Dates
|
Compliance
Particulars
|
Forms
/ Filing mode
|
|
Companies
Act, 2013
|
Within
180 Days From The Date Of Incorporation Of The Company
|
As per Section 10 A (Commencement of
Business) of the Companies Act, 2013, inserted vide the Companies (Amendment)
Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the
ordinance and having share capital shall not commence its business or exercise
any borrowing powers unless a declaration is filed by the Director within 180
days from the date of Incorporation of the Company with the ROC.
|
MCA E- Form INC 20A
|
|
Companies
Act, 2013
|
First declaration within 90 days
from the date of notification Dt. 08.02.2019
( i.e. On or before 8th of May, 2019)
|
A person
having Significant beneficial owner shall file a declaration to the reporting
company
i.e. within 90 days of the commencement of the Companies (Significant
Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019
In case
Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change
thereina declaration in Form No. BEN-1 required to be filed to the reporting
company, within 30 days of acquiring such significant beneficial ownership or
any change therein.
|
Form BEN-1
Draft Format available at
|
|
Companies
Act, 2013
|
31.03.2020
(Due Date Extended From 30.09.2019 to 31.12.2019)
|
Filing of
form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.
(Within 30
days from deployment of the E –form (earlier the date of receipt of
declaration in BEN-1 )
|
Form BEN – 2
(e-form
deployed by Ministry (ROC)) on 01.07.2019
|
|
Companies
Act, 2013
|
On
or before 15.06.2019
(form
can be filed after due date with a fee of Rs. 10000 (one time fee)
|
Filing of
the particulars of the Company & its registered office.
(by every
company incorporated on or before the 31.12.2017.)
Due date
extended- Link :
|
Active Form
INC -22A
|
|
Companies
Act, 2013
|
14.10.2019
(can
be filed after due date with a penalty of Rs. 5000/-)
|
*DIN KYC
through DIR 3 KYC Form is an Annual Exercise.
Last date
for filing DIR-3 KYC for Financial year 2018-19 has been extended till 14th November
2019
and
Annual
Exercise:
Penalty after due date is Rs. 5000/-(one
time)
|
E-Form DIR – 3 KYC
(Web Based and E-form)
|
|
Companies
Act, 2013
|
within
60 days from the date of deployment of this form on the website of the
Ministry.
|
Reconciliation
of Share Capital Audit Report (Half-yearly)
Pursuant to
sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities)
Rules, 2014
To be filed
all unlisted companies, deemed public companies
Till
further clarification to be filled in GNL-2
Applicable w.e.f. 30.09.2019
Extension Notification:
|
E-Form PAS – 6
(E-Form, Not
yet deployed)
|
|
Companies
Act, 2013
|
30.11.2019
|
IEPF
Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules,
2019
Statement of unclaimed and unpaid amounts
|
Form IEPF-2
|
|
Companies
Act, 2013
|
On
or before 31.12.2019
|
Statement of Amounts credited to Investor Education and Protection
Fund Pursuant to Rule 5(4A)
|
IEPF Form – 1A
|
|
Companies
Act, 2013
|
90
days from the date of deployment of this form on the website of
(NFRA).
|
Annual
Return To Be Filed By Auditor With The National Financial Reporting Authority
|
NFRA-2
|
v Due
dates of ROC Return Filings
|
Sl. No.
|
Particulars
|
Due Date
|
E- Form
|
|
1
|
Appointment of Auditor
|
Within 15 days from the conclusion of AGM
(ratification at
every annual general meeting is not mandatory)
|
ADT-1
|
|
2
|
Filing of financial statement and other documents with the ROC
|
On
or before 30.11.2019
(due
date extended)
With in 30 days from the conclusion of the AGM, other than OPC
(In case of OPC within 180 days from the close of the
financial year)
|
AOC-4*
|
|
3
|
Filing of annual return by a company.
|
On
or before 31.12.2019
(due
date extended)
With in 60 days from the conclusion of AGM
|
MGT-7*
|
|
4
|
Filing of Cost Audit Report with the Central Government
|
*On or before 29.O2.2O2O.
(due
date extended)
With in 30 days from the receipt of Cost Audit Report
|
CRA-4*
|
|
5
|
Filing of Resolutions and agreements to the Registrar
|
With in 30 days from the date of Board Meeting.
|
MGT-14
|
*Relaxation
of additional fees and extension of last date in filing of formsMGT-7 (Annual
Return) and AOC-4 (Financial Statement) under the CompaniesAct, 2013- UT of
J&K and UT of Ladakh –
extension of time for filing of
financial statements for the financial year ended 31.03.2019. Therefore, it has
been decided to extend the due date for filing of e-forms AOC-4, AOC-4 (CFS)
AOC-4 XBRL and e-form MGT-7 upto 31.01.2020, for companies having jurisdiction
in the UT of J&K and UT of Ladakh without levy of additional fee.’
*Relaxation of
additional fees and extension of last date of filing of CRA-4 (cost audit
report for FY 2018-19 under the Companies Act, 2O13
---------------------------------------------------------------------------------------------------------------
updated till 31st December, 2019 with all Laws / Regulations and
their respective amendments.
----------------------------------------------THE
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