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Annual Compliance For Private Limited Company
Home » Annual Compliance For Private Limited Company
About Annual Compliance For Private Limited Company

Legal templates and next steps

Important Steps after the company is registered:
  • 1. Opening Bank Account – Within 30 days
  • 2. Deposit Share Capital in the bank account – Within 30 days
  • 3. Commencement Certificate – File this form with MCA within 60 days of registration. A fine of Rs 10000 for delay
  • 4. Statutory Auditor appointment – File ADT 1 to appoint an auditor within 30 days
  • 5. Share Certificates – Print share certificates and issue them to the shareholders. Pay the appropriate stamp duty on the same. The stamp duty is 0.005%.
When is TDS, GST and PT applicable to you:
  • 1. TDS (Tax Deducted at Source): Applicable when a private limited company makes specific payments, such as salaries, rent (above INR 2,40,000 per annum), or commissions (above INR 15,000 per annum), or any kind of contract of professional fees above Rs 3000 and is required to deduct tax before making the payment to the recipient.
  • 2. GST (Goods and Services Tax): Applicable when a private limited company provides goods or services, and its annual turnover exceeds the specified threshold of INR 20 lakhs for service providers, and INR 40 lakhs for suppliers of goods, requiring the company to collect and remit GST on taxable supplies.
  • 3. PT (Professional Tax): Applicable to all the companies
Due dates and Penalties:
Compliance
Due Date
Penalty/Interest for Delay
GST Returns – Only if you are registered under GST
GSTR-1
11th of the following month
Late fee: ₹50/day (₹20/day for Nil return)
GSTR-3B
20th of the following month
Interest: 18% p.a. & Late fee: ₹50/day (₹20/day for Nil return)
TDS – Applicable if you pay rent, salary or professional fees to anyone
TDS Payment
7th of the following month
Interest: 1.5% per month
TDS Return
31st Jan, 31st May, 31st July, 31st Oct
Late fee: ₹200/day (max. TDS amount) & Penalty: ₹10,000 to ₹1,00,000
PT Returns – Mandatory for everyone
PT Return (MH)
30th June (Annually)
Penalty: 10% of tax due & Interest: 1.25% per month
PT Return (KA)
20th of the following month
Penalty: Varies & Interest: 1.5% per month
Secretarial Compliances – mandatory for everyone
AOC-4
30 days from the date of AGM
Additional fee: ₹100/day & Penalty: ₹50,000 to ₹5,00,000
MGT-7
60 days from the date of AGM
Additional fee: ₹100/day & Penalty: ₹50,000 to ₹5,00,000
ADT-1
15 days from the appointment of auditor
Penalty: ₹5,000 to ₹1,00,000
DPT-3
30th June (Annually)
Penalty: ₹5,000 to ₹25,000
Income Tax Return
30th September
Interest: 1% per month (u/s 234A) & Late fee: u/s 234F. Fine Rs 5000