Important Steps after the company is registered:
- Opening Bank Account – Within 30 days
- Print and sign LLP agreement and file form 3 within 30 days
Download word format - Important legal templates
Compliance Packages - The most economical compliance packages
| 0 – 20 Lakhs | 20 – 40 Lakhs | 40 – 80 Lakhs |
Accounting | Rs 4000 (once | Rs 2000/month | Rs 4000/month |
GST Returns | NA | Rs 1000/month | Rs 2500/month |
TDS Returns | NA | Rs 500/month | Rs 500/month |
Payroll (upto | NA | Rs 700/month | Rs 700/month |
Statutory | NA | NA | Rs |
Secretarial | Rs 8000 | Rs 8000/annum | Rs |
Income Tax | Rs 3000 | Rs 5000/annum | Rs 5000/annum |
Cost for Other registrations:
GST Registration – Rs 3000
Udyam/MSME – Rs 999
Startup India Application – Rs 4999
Import Export – Rs 1500
When is TDS, GST and PT applicable to you:
- 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.
- 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.
- 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 |
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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) |
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TDS – Applicable if you pay rent, salary or professional fees to anyone |
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|
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 |
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|
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 |
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|
Form 11 |
30th May |
Additional fee: ₹100/day & Penalty: ₹50,000 to ₹5,00,000 |
|
Form 8 |
30th October |
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 July |
Interest: 1% per month (u/s 234A) & Late fee: u/s 234F. Fine Rs 5000 |