Compliance: Compliance means to act in accordance with a set of rules, laws, or standards.
We often tend to forget the Compliances which are to be done once in a year only. So, here’s a list of Compliances to be done by the end of December.
| Due Date | Applicable Act | Compliance |
| 31-12-2024 | Income Tax | Belated/ Revised Income Tax returns can be filed for AY 24-25 till 31st December, 2024. |
| 31-12-2024 | Goods and Services Tax | Annual Return of GST for F.Y. 2023-24 needs to be filed (in GSTR-9) by 31st December, 2024 if Turnover exceeds Rs. 2 cr. |
| 31-12-2024 | Goods and Services Tax | Annual Return of GST for F.Y. 2023-24 needs to be filed (in GSTR-9C) by 31st December, 2024 if Turnover exceeds Rs. 5 cr. |
| 31-12-2024 | FEMA | Annual Performance Report (APR) needs to be filed by all entities (in ODI Part II) by 31st December if having investment outside India. |
| 31-12-2024 | Companies Act | A report on Corporate Social Responsibility (in CSR-2) needs to be filed by 31st December by Companies if covered u/s 135 of the Companies Act, 2013. |
| 31-12-2024 | Master Direction – RBI | Statutory Auditor Certificate (in DNBS-10) needs to be filed by 31st December by all NBFCs. |
Thanking You
Author – CS Shivani Khurana