Below is a comprehensive guide to the essential compliance dates in the month of October, written to help you stay organized.
7th October – TDS Payment
Companies must deposit the Tax Deducted at Source (TDS) for the previous month (September) by this date. Failure to comply can lead to interest and late filing penalties.
7th October – TCS Payment (if applicable)
For businesses collecting Tax Collected at Source (TCS), the amount collected in September must be deposited by this deadline.
11th October – GSTR-1 Filing
Businesses must file the monthly GSTR-1, detailing outward supplies, by this date. This filing is crucial for ensuring accurate tax records.
14th October – GSTR-2B Auto-Populated ITC Statement
While this is an auto-generated document, businesses should review their Input Tax Credit (ITC) to ensure accuracy.
15th October – EPF Payment
Employers are required to deposit the contributions to the Employees’ Provident Fund (EPF) for the previous month. Delays can lead to penalties and employee dissatisfaction.
15th October – ESI Payment
The due date for depositing contributions to the Employees’ State Insurance (ESI) fund for the month of September. Non-compliance can attract penalties under the ESI Act.
15th October – Advance Tax Payment (if applicable)
Companies with tax liabilities exceeding ₹10,000 must pay the second installment of advance tax. This payment ensures that tax burdens are distributed throughout the year.
20th October – GSTR-3B Filing
All businesses registered under GST must file GSTR-3B by this date, which summarizes GST liabilities for the previous month.
31st October – Income Tax Return (Non-Audit Cases)
For companies that do not require an audit under the Income Tax Act, 31st October marks the final deadline for filing their income tax return.
31st October – Statutory Audit Report
Companies that are subject to an audit must file their statutory audit report with the Income Tax Department by this date.
31st October – TDS Quarterly Return (Form 26Q)
Filing of Form 26Q is mandatory for companies deducting TDS, covering the second quarter (July to September). This quarterly return provides details of all TDS deducted and paid.
31st October – Filing of MSME Form I (if applicable)
Companies with outstanding dues to Micro or Small Enterprises must file MSME Form I to declare the reasons for non-payment and the amount due.
Additional Compliance Obligations:
Form ADT-1
Within 15 days of the Annual General Meeting (AGM), companies must file Form ADT-1 to inform the Registrar of Companies (ROC) about the appointment of auditors.
Professional Tax Payment (if applicable)
Depending on the state of operations, Professional Tax payments are typically due around the 15th of the month.
Form BEN-2
If there have been changes in beneficial ownership, companies must file Form BEN-2 to report these changes. This is vital for maintaining transparency in ownership structures.
Form PAS-6 (for Unlisted Companies)
Unlisted companies must file Form PAS-6 by 30th October, reconciling their share capital held in dematerialized form for the half-year April to September.
DIR-3 KYC (for Directors)
Although the primary deadline is in September, any overdue or updated KYC for directors should be completed by this time.
CSR Compliance (if applicable)
For companies with a CSR obligation, tracking and reporting on Corporate Social Responsibility activities must be done periodically. Ensure that CSR spending is in line with statutory requirements.
FEMA Filings (if applicable)
Companies with foreign investments or liabilities must ensure their filings under the Foreign Exchange Management Act (FEMA) are up to date.
RERA Compliance (for Real Estate)
Real estate developers must file quarterly project reports and update financial disclosures to ensure compliance under the Real Estate Regulatory Authority (RERA) Act.
Ongoing & Situation-Based Compliance:
- Form MBP-1 (Director’s Disclosure of Interest): Required whenever there are changes in a director’s interest in other entities.
- LLP Compliances: If your Private Limited Company is also involved in an LLP, ensure periodic filings such as Form 11 (Annual Return) and Form 8 (Statement of Accounts) are in order.
- XBRL Filings (if applicable): Companies mandated to file financial statements in XBRL format must comply with the regulations specific to their sector.
