Here’s a comprehensive compliance calendar for March 2025, detailing key due dates for GST returns, income tax filings, PF/ESI payments, and specific compliances applicable in Kerala.

1. Goods and Services Tax (GST) Compliance:

Due Date	Form/Compliance	Period	Description
10.03.2025	GSTR-7	February 2025	Return for Tax Deducted at Source (TDS) to be filed by the tax deductor.
10.03.2025	GSTR-8	February 2025	Return for Tax Collected at Source (TCS) to be filed by e-commerce operators.
11.03.2025	GSTR-1	February 2025	Statement of outward supplies for taxpayers with turnover > ₹1.5 crores or those opting for monthly returns.
13.03.2025	GSTR-1 (IFF)	February 2025	Invoice Furnishing Facility for taxpayers under the QRMP scheme (optional).
13.03.2025	GSTR-6	February 2025	Return for Input Service Distributors (ISD).
20.03.2025	GSTR-3B	February 2025	Summary return for taxpayers with annual turnover up to or exceeding ₹5 crores.
20.03.2025	GSTR-5 & 5A	February 2025	Return for non-resident taxable persons and OIDAR service providers.
25.03.2025	GST PMT-06	February 2025	Payment of GST for taxpayers under the QRMP scheme.
31.03.2025	GST RFD-11	FY 2025-26	Letter of Undertaking (LUT) filing for exporters for the upcoming financial year.

Note: Adherence to these deadlines ensures compliance and avoids potential penalties.

2. Income Tax Compliance:

Due Date	Compliance	Period	Description
07.03.2025	Deposit of TDS/TCS	February 2025	Monthly deposit of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).
15.03.2025	Advance Tax Payment	AY 2025-26	Payment of the fourth installment of advance tax for the Assessment Year 2025-26.
31.03.2025	Filing of Updated Returns	AY 2022-23	Last date to file updated income tax returns for correcting errors or omissions in original filings.

3. Provident Fund (PF) and Employees’ State Insurance (ESI) Compliance:

Due Date	Compliance	Period	Description
15.03.2025	PF Payment	February 2025	Monthly deposit of Provident Fund contributions by employers.
15.03.2025	ESI Payment	February 2025	Monthly deposit of Employees’ State Insurance contributions by employers.

Note: Ensure timely submission to the respective authorities to maintain compliance.

Adhering to this compliance calendar will help in timely fulfillment of statutory obligations, thereby avoiding penalties and ensuring smooth business operations.

The Union Budget 2025 has introduced specific changes to the Tax Deducted at Source (TDS) provisions affecting partnership firms.

Key Changes:

1. Introduction of TDS on Payments to Partners:
   • Effective from April 1, 2025, partnership firms are required to deduct TDS on certain payments made to their partners. This measure aims to ensure proper tax compliance and reporting of income received by partners from the firm.
2. Surcharge on Income Tax for Firms:
   • For partnership firms with a total income exceeding INR 1 crore, the income tax computed will be subject to a surcharge of 12%. This surcharge is applicable to the amount of income tax calculated on the firm’s total income.

Form MGT-7 is an annual return that companies registered in India must file with the Registrar of Companies (ROC) under the Companies Act, 2013. It contains key details about the company’s structure, management, shareholding, and compliance status.

Applicability

• Mandatory for: Every company, except One Person Company (OPC) and Small Companies, which file Form MGT-7A instead.

.Due Date:

• Within 60 days from the conclusion of the Annual General Meeting (AGM).
• For most companies, this means the due date is December 29 (if the AGM was held on September 30).

Key Information in Form MGT-7

• Company Details – Name, CIN, Registered Office, etc.
• Principal Business Activities – Revenue-wise classification.
• Shareholding Pattern – Details of promoters, public shareholding, changes during the year.
• Directors & Key Managerial Personnel (KMPs) – Their appointments, resignations, and changes.
• Meetings of Members & Board – Number and dates of meetings held.
• Remuneration Details – Directors, KMPs, and top employees.
• Penalties & Compounding of Offences – If applicable.

Filing Fees (Based on Company’s Authorized Share Capital)

• Up to ₹1,00,000 – ₹200
• ₹1,00,000 to ₹4,99,999 – ₹300
• ₹5,00,000 to ₹24,99,999 – ₹400
• ₹25,00,000 to ₹99,99,999 – ₹500
• ₹1 crore and above – ₹600

Late Filing Penalty

• ₹100 per day of delay, with no maximum limit.

Filing Process

1. Prepare the MGT-7 form with all necessary details.
2. Get it digitally signed by a Director/Company Secretary.
3. File it on the MCA portal along with the applicable fees.

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces several key measures aimed at stimulating economic growth, providing tax relief to the middle class, and bolstering various sectors.

Taxation Reforms:

• Increased Tax Exemption Limit: The income tax exemption threshold has been raised to ₹12 lakh under the new tax regime, offering significant relief to middle-class taxpayers.

• Revised Tax Slabs: Income above ₹12 lakh will be taxed according to the revamped tax slabs, while the old tax regime’s rates remain unchanged.

• TDS and TCS Adjustments: The limit for Tax Deducted at Source (TDS) on interest for senior citizens has been doubled from ₹50,000 to ₹1 lakh. Additionally, the annual limit for TDS on rent has increased from ₹2.4 lakh to ₹6 lakh.

Note:–

• Threshold Increase: The exemption limit has been raised from ₹7 lakh to ₹12 lakh under the new tax regime.
• Simplification: The number of slabs has been reduced for better compliance.
• Default Regime: The new tax regime continues as the default, but taxpayers can opt for the old regime if preferred.

Agriculture and Rural Development:

• Enhanced Agricultural Spending: The government plans to increase agricultural spending by over 15%, marking the largest increase in six years. This boost aims to develop high-yielding variety seeds, improve storage and supply infrastructure, and enhance the production of pulses, oilseeds, vegetables, and dairy products.

• Prime Minister Dhan-Dhaanya Krishi Yojana: A new scheme introduced to support farmers, including enhanced credit through the Kisan Credit Card (KCC), facilitating short-term loans of up to ₹5 lakh for 7.7 crore farmers, fishermen, and dairy farmers

Science, Innovation, and Research:

• Research and Development Allocation: An allocation of ₹20,000 crore has been made to implement a private sector-driven research, development, and innovation initiative.

• PM Research Fellowship: The government will provide 10,000 fellowships for technological research in IITs and IISc to foster innovation and research excellence.

Export Promotion and Industry Support:

• Incentives for Electronics and EVs: Exemptions will be granted for open cells used in LED/LCD TVs, looms for textiles, and capital goods for lithium-ion batteries used in mobile phones and electric vehicles, aiming to boost manufacturing and exports.
• Leather Goods Promotion: Wet blue leather will be fully exempted from basic customs duties to promote domestic consumption and enhance exports.

Fiscal Management:

• Fiscal Deficit Target: The government targets a fiscal deficit of 4.4% of GDP for the fiscal year 2025-26, down from the revised 4.8% for the current year. This move aims to balance fiscal prudence with economic support.

These initiatives reflect the government’s commitment to fostering economic growth, supporting various sectors, and providing relief to taxpayers.

1. Purpose:
   • To file the financial statements (including balance sheet, profit and loss account, and other relevant documents) with the RoC.
   • This ensures transparency and keeps the company’s financial data accessible for stakeholders and authorities.
2. Applicability:
   • All companies registered under the Companies Act, 2013, except for those specifically exempted (e.g., One Person Companies and Small Companies with relaxed filing requirements).
3. Legal Basis:
   • Section 137 of the Companies Act, 2013, along with Rule 12 of the Companies (Accounts) Rules, 2014.
4. Due Date:
   • AOC-4 must be filed within 30 days of the Annual General Meeting (AGM). For companies not required to hold an AGM, it should be filed within 30 days from the due date of the AGM.
5. Penalty for Non-Filing:
   • ₹100 per day of default until filing is completed.

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How to File Form AOC-4?

1. Prerequisites for Filing:

• Audited Financial Statements:
  • Balance sheet, profit and loss account, cash flow statement, notes to accounts, etc.
• Board’s Report.
• Auditor’s Report.
• Details of CSR Activities (if applicable).
• Digital Signature Certificate (DSC):
  • DSC of a director, company secretary, or authorized signatory.

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2. Steps to File AOC-4:

Step 1: Download the Form

• Visit the MCA (Ministry of Corporate Affairs) website: mca.gov.in.
• Download the latest version of Form AOC-4.

Step 2: Fill in the Form

• CIN (Corporate Identification Number): Enter the company’s CIN and auto-fetch details.
• General Details: Name, address, and financial year of the company.
• Financial Details: Provide details of the balance sheet, profit and loss account, and other disclosures.
• CSR Details (if applicable): Mention contributions under Corporate Social Responsibility.
• Auditor’s Details: Include the name, membership number, and firm registration number of the auditor.
• Other Attachments: Attach supporting documents (e.g., Board’s Report, Auditor’s Report, financial statements).

Step 3: Attach Necessary Documents

• Board Report and Auditor’s Report.
• Consolidated financial statements (if applicable).
• Details of subsidiaries or associates (if any).
• Other optional attachments, if necessary.

Step 4: Affix Digital Signatures

• The form must be digitally signed by:
  • A director or manager.
  • A practicing Chartered Accountant/Cost Accountant/Company Secretary (if applicable).

Step 5: Pre-Scrutiny and Upload

• Use the MCA portal to upload the completed form.
• Ensure all details are correct and pass the pre-scrutiny process.

Step 6: Pay the Filing Fee

• Pay the applicable fee as per the company’s share capital and category.

Step 7: SRN Generation

• After successful submission, an SRN (Service Request Number) is generated for tracking the status of the form.

Step 8: Verification

• The MCA will verify the form, and once approved, it will be reflected in the company’s public records.

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Key Points to Note:

• XBRL Filing: Companies required to file financial statements in XBRL format must file AOC-4 XBRL instead.
• Exemptions: Companies like One Person Companies and small companies can use simplified forms like AOC-4 CFS.
• Revised Filing: If mistakes are made, the form can be re-filed with additional fees.

GST Returns Due Date in the month of Jan-2025

Form to be filed	Due date	Period
13.01.2025	GSTR 5 & 5A	December 2024
13.01.2025	GSTR 6	December 2024
13.01.2025	GSTR 1(Taxpayers under the QRMP scheme)	October-December 2024
18.01.2025	CMP-08 (Composition taxpayers.)	October-December 2024
20.01.2025	GSTR 3B (Taxpayers with an annual turnover exceeding ₹ 5 Crores)	December 2024
22.01.2025	GSTR 3B (Taxpayers in South India under the QRMP scheme)	October-December 2024
24.01.2025	GSTR 3B (Taxpayers in North India under the QRMP scheme)	October-December 2024

Income Tax Compliance / PF / ESI Due Date in the month of Jan-2025

Due Date	Form	Period
14.01.2025	TDS Certificate(Issue of TDS Certificate under Section 194M )	November 2024
14.01.2025	TDS Certificate ( Issue of TDS Certificate under Section 194S)	November 2024
14.01.2025	TDS Certificate(Issue of TDS Certificate under Section 194IB)	November 2024
14.01.2025	TDS Certificate(Issue of TDS Certificate under Section 194IA)	November 2024
15.01.2025	Form No. 49BA	December 2024
15.01.2025	Form 15G/15H	December 2024
15.01.2025	Form 15CC	December 2024
15.01.2025	Form 24G by the Government	December 2024
15.01.2025	PF & ESI Payment	December 2024
15.01.2025	TCS Certificate (Issue of TCS Certificates in Form 27EQ)	December 2024
15.01.2025	Professional Tax	October-December 2024
30.01.2025	TDS Certificate (Issue of TDS Certificate under Section 194S)	December 2024
30.01.2025	TCS Certificate (Issue of TCS Certificates in Form 27D.)	December 2024
30.01.2025	TDS Payment (TDS payment for December 2024 under Forms 26QB, 26QC, and 26QD)	December 2024
30.01.2025	TDS Challan-cum-statement	October-December 2024
31.01.2025	TDS Return Payment	October-December 2024