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Coverage of compliances in the compliance calendar

No matter the size of your business, whether a small LLP, OPC or a public limited company, every business must comply with the reporting obligations under the applicable laws and regulations. This Compliance Calendar prepared (compiled) by setindiabiz presents a simplified view of the due dates and last dates for filing returns, making tax payments, and uploading essential documents under different regulations (legislation) in India. This monthly calendar covers all important due dates that help one meet obligations, reduce penalties, and remain in good legal standing regarding their business.

The Compliance Calendar covers a broad spectrum of legal requirements, including :

  • Goods and Services Tax (GST)
  • Income Tax Act
  • Companies Act, 2013
  • Limited Liability Partnership (LLP) Act, 2008
  • Foreign Exchange Management Act (FEMA)
  • Labour Laws
  • Several Other legislations

How to Use the Compliance Calendar of Setindiabiz

The Compliance Calendar helps you track and comply with the statutory obligations across various legal frameworks, including GST, Income Tax, the Companies Act, and more. Team setindiabiz regularly updates the due dates on this calendar, which provides a comprehensive schedule of due dates for various filings and submissions in a Google calendar format; you can also add the calendar to your Google account.

Best Use Case : You should visit this page regularly to check the applicable due dates, which are categorised on a monthly basis. We keep the due dates updated, and if there is any extension in the due date announced by the government office, we promptly update the calendar and related linked pages. You should set reminders for due dates that apply to your business so you do not miss any important compliance requirements under the law. For complex compliance reporting requirements, you may consider setindiabiz as your long-term partner for accurate and timely filings.

What is the Due Date and its significant

The "Due Date" refers to the prescribed date under legislation that may be an act of parliamnet or state assemble or a sub ordinate legislation in form of rules framed under various acts (laws) or manadated by way of issuing a circular or notification by the governmnet offices such as GST, Income Tax, ROC, RBI, PF, ESIC, Professional Tax etc.

Significance of the Due Date :

In the companies, the directors, CFO, Company Secretary and managers, which are all collectively referred to as the Key Managerial Persons (KMP), are jointly or severally responsible for meeting the compliance filing within its due dates, whereas, in the case of LLP, the designated partners are responsible. In the case of sole proprietorship, the sole owner or proprietor and in partnership firms, all the partners are responsible persons. The non-filing of the prescribed returns before the due dates would result in penalties and, in some cases, prosecution. Therefore, we strongly advise you to comply with the legal requirements.

Consequences of Non-Compliance
  • Penalties and Fines
  • Reputational Damage
  • Legal Action, such as Audit or Investigation
  • Critically affect future funding
  • Creates doubt on Business Continuity
  • Credit Risk

Setindiabiz can help you meet the due dates

Setindiabiz is a new-age comprehensive online professional service provider that assists startups and growing businesses in staying compliant in India while pursuing their entrepreneurial journey. One of the key areas of operation is providing quality consultation services for company registration, bookkeeping, payroll, tax filing, and compliance. Our experienced compliance team has supported numerous Indian and multinational corporations.

You should consider outsourcing the compliance functions to setindiabiz that offers a stable environment and takes full responsibility of meeting the due dates under various legislation. The reason for hiring the team setindiabiz are many, however some of the key considerations would be as follows.

Key team members have over two decades of experience

Comprehensive service offering | more than 500+ services

Online service delivery and tracking through support tickets

Professionals are available to consult a reasonable fee

Frequently Asked Questions

Q1.What is a Compliance Calendar, and why is it important for businesses ?
Q2.Who should use a Compliance Calendar ?
Q3.What are the key compliance deadlines covered in the calendar ?
Q4.How can a Compliance Calendar reduce penalties for non-compliance ?
Q5.How often is Setindiabiz’s Compliance Calendar updated ?
Q6.Can Setindiabiz’s Compliance Calendar help with GST Compliance specifically ?
Q7.Does the Compliance Calendar cover HR and labour law compliance ?
Q8.How can I get reminders for compliance due dates using Setindiabiz’s Compliance Calendar ?
Q9.Why is a Compliance Calendar necessary for LLPs and private limited companies ?
Q10.How often is Setindiabiz’s Compliance Calendar updated ?