Compliance Calendar for the Month of April 2020

S. No	Particulars of Compliance	Forms/returns	Due Date
Compliances Calendar for GST
1.	Return of outward supplies of taxable goods and/or services for the Month of March, 2020 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return.	GSTR -1	30-06-2020
2.	Return of outward supplies of taxable goods and/or services for the Month of January-March 2020 (for Assesses having turnover exceeding 1.5 Cr.) Quaterly Return.	GSTR -1	30-06-2020
3.	Summary Return of Outward and Inward Supplies along with payment of Tax where the Turnover of taxpayer is upto Rs. 5 Crores for the Month of March, April and May 2020.	GSTR -3B	30-06-2020
4.	Summary Return of Outward and Inward Supplies along with payment of Tax where the Turnover of entity is More than Rs. 5 Crores for the Month of March, April and May 2020.	GSTR -3B	30-06-2020
5.	A taxable person who opts for cancellation of GST registration has to file a final return under GST law in form GSTR-10 within three months.	GSTR-10	30-06-2020
6.	GST Annual Return and Reconciliation Statement for FY 2018-19.	GSTR-9 / 9A and GSTR-9C	30-06-2020
7.	Return filed by composition dealer statement-cum-challan to declare the details or summary of his/her selfassessed tax payable for a quarter ending January 2020 to March 2020.		30-06-2020
8.	Payment under Sabka Vishwas Scheme.		30-06-2020
9.	Interest for delayed GST payment will be calculated on the net tax liability. This amendment will apply retrospectively from 1st July 2017.		01-07-2020
10.	The implementation of the new GST return system has been postponed to 1st October 2020.		01-10-2020
Compliances Calendar for ESI and PF Payments
1.	PF Payment for March 2020	ECR	15-05-2020
2.	ESIC Payment for March 2020	ESI Challan	15-05-2020
3.	PF Payment for February 2020	ECR	15-04-2020
4.	ESIC Payment for February 2020	ESI Challan	15-04-2020
ESI contribution deposit due date extended to 45 days for Feb & March 2020 due to COVID 19
Compliances Calendar for Income Tax Act
1.	​Due date for deposit of Tax deducted by an office of the government for the month of March, 2020. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.		07-04-2020
2.	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of February, 2020.		14-04-2020
3.	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of February, 2020.		14-04-2020
4.	Due date for issue of TDS Certificate for tax deducted under section 194M in the month of February, 2020​.		14-04-2020
5.	​Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) for quarter ending March, 2020.	Form No. 15CC	15-04-2020
6.	​Due date for furnishing statement by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March, 2020.	Form no. 3BB	15-04-2020
7.	​Due date for furnishing by an office of the Government where TDS/TCS for the month of March, 2020 has been paid without the production of a challan.		30-04-2020
8.	​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of March, 2020.		30-04-2020
9.	​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of March, 2020.		30-04-2020
10.	​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of March, 2020.		30-04-2020
11.	Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2020.​​		30-04-2020
12.	​​Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2019 to March 31, 2020.		30-04-2020
13.	​​Due date for uploading declarations received from recipients in Form. 15G/15H during the quarter ending March, 2020.​		30-04-2020
14.	​Due date for deposit of TDS for the period January 2020 to March 2020 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.		30-04-2020
15.	The due date for linking of PAN with Aadhaar as specified under sub-section 2 of Section 139AA of the Income-tax Act,1961 has been extended from 31st December, 2019 to 31st March, 2020 and further extended to 30th June, 2020 due to COVID – 19 outbreaks.		30-06-2020
16.	The date for making investments & payments for claiming deduction under Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), extended to 30th June 2020 for FY 2019-20.		30-06-2020
17.	All delayed payments of advance tax, self assessment tax, TDS, TCS, equalization levy, STT, CTT made between 20/03/2020 and 30/06/2020 will be charges at reduced interest rate i.e., 9% p.a instead of 12% p.a.		-
18.	The due date for issue of notice, intimation, order, investment in tax saving instruments, investments for rollover benefit of capital gains under Income Tax has been extended to 30th June 2020.		30-06-2020
Compliances Calendar for LODR/SEBI
1.	Submission of Statement of Investor complaints	Regulation 13(3)	15-05-2020
2.	Submission of Submission of Corporate Governance report	Regulation 27(2)	15-05-2020
3.	Submission of Shareholding Pattern	Regulation 31	15-05-2020
4.	SEBI has decided to exempt the requirement of publication of advertisements in newspapers as required under the LODR, for information such as notice of the board meeting, financial results, etc., till 15th May, 2020.	-	15-05-2020
5.	Regulation 40(9) relating to Certificate from Practicing Company Secretary on timely issue of share certificates		31-05-2020
6.	Submission of Compliance certificate on share transfer facility	Regulation 7(3)	31-05-2020
7.	Extension of the due date of filing disclosures, in terms of Regulations 30(1), 30(2) and 31(4) of the SAST Regulations for the financial year ending March 31, 2020		01-06-2020
8.	Submission of Secretarial Compliance report	Regulation 24A	30-06-2020
9.	Submission of Financial Results	Regulation 33	30-06-2020
10.	The board of directors and Audit Committee of the listed entity are exempted from observing the maximum stipulated time gap between two meetings for the meetings held or proposed to be held between the period December 1, 2019 and June 30, 2020. However, the board of directors / Audit Committee shall ensure that they meet atleast four times a year, as stipulated under regulations 17(2) and 18(2)(a) of the LODR	Relaxation of time gap between two board / Audit Committee meetings	-
11.	The Nomination and Remuneration Committee, Stakeholders Relationship Committee & The Risk Management Committee shall meet at least once in a year		30-06-2020
12.	Regulation 44(5) relating to holding of AGM by top 100 listed entities by market capitalization for FY 19-20		30-09-2020
13.	SEBI had issued Standard Operating Procedure (“SOP”) dated 22ndJanuary, 2020, on imposition of fines and other enforcement actions for non-compliances with provisions of the LODR, the effective date of operation of which was to be for compliance periods ending on or after 31st March, 2020. The said SOP will now come into force with effect from compliance periods ending on or after 30th June, 2020.
Compliances Calendar for RBI (FEMA)
1.	“The Company / reporting entity shall take approval from the RBI in case of submission of FLA Return of 2019 / revision of FLA Return of 2019 after due date i.e July 31, 2019. Further, submission of FLA returns for previous years will be activated only after September 01, 2019 (as per FLAIR Portal)	FLAIR	-
2.	Borrowers are required to report all ECB transactions to the RBI on a monthly basis through an AD Category – I Bank in the form of ‘ECB 2 Return’.	ECB 2 Return	07-04-2020
Compliance Calendar for Companies Act, 2013
1.	Funds may be spent for various activities related to COVID-19 under item nos. (i) and (xii) of Schedule VII relating to promotion of health care, including preventive health care and sanitation, and, disaster management. It has clarified that spending of CSR funds for COVID-19 shall be considered as an eligible CSR activity.	Spending of CSR Funds for COVID-19	-
2.	Modified LLP Settlement Scheme, 2020 The defaulting LLPs may themselves avail of the scheme for filing documents which have not been filed or registered in time on payment of fee as payable for filing of such document /return. This Scheme shall not apply to LLPs which has made an application in Form 24 to the Registrar, for striking off its name from the register as per provisions of Rule 37(1) of the LLP Rules, 2009.	LLP Settlement Scheme, 2020	01-04-2020 to 30-09-2020
3.	Companies Fresh Start Scheme, 2020 (CFSS-2020) Any Eligible Company can file any form, statement or return etc., which was required to be filed under the Act but the Company has defaulted in filing the said form, return etc. Such belated forms can be filed on payment of normal fees as prescribed under the Companies (Registration Offices and Fees) Rules, 2014. No additional fee shall be payable. Thus, filing related defaults can be made good irrespective of duration of default.		01-04-2020 to 30-09-2020
4.	DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification(ACTIVE) eform are encouraged to become compliant once again in pursuance of the General Circular No. 11 dated 24th March, 2020 & General Circular No.12 dated 30th March 2020 and file DIR-3KYC/DIR-3KYC-Web/ACTIVE as the case may be between 1st April, 2020 to 30th September, 2020 without any filing fee of INR 5000/INR 10000 respectively.		01-04-2020 to 30-09-2020
5.	MCA has notified the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, and the Companies (Accounts) Amendment Rules, 2019 with effective from December 01, 2019. If a person is already appointed as Independent Director (ID) in a Company, on 01.12.2019 (the commencement of these rules) shall within period of five months from such commencement i.e. 30th April, 2020 apply online to the institute for inclusion of his name in the data bank. After inclusion of the name in data bank shall pass an online proficiency self-assessment test conducted by the institute within a period of one year from the date of inclusion of his name in the data bank, (i.e. 1 year from 30th April, 2020 or any other date of inclusion of name in data bank). Failing which, his name shall stand removed from the databank of the institute. Individuals who have served for a period of 10 years as on date of inclusion of his name in databank as director or Key Managerial Personnel (KMP) in listed public company or unlisted public company having paid up capital of Rs. 10 crore or more or Body Corporate listed on the recognised Stock exchange shall not be required to pass online proficiency self-assessment test. The Databank, which was launched by the Ministry of Corporate Affairs, can be accessed at www.mca.gov.in or www.independentdirectorsdatabank.in.		Rules are effective from December 01, 2019 & Registration on Independent Directors’ Databank commenced from 2nd December, 2019 onwards.
6.	The mandatory requirement of holding meetings of the Board of the companies within the prescribed interval provided in section 173 of the Companies Act, 2013 (i.e.120 days) stands extended by a period of 60 days till next two quarters i.e. till 30th September. Accordingly, as a one-time relaxation the gap between two consecutive meetings of the Board may extend to 180 days till the next two quarters, instead of 120 days as required in the Companies Act, 2013.
7.	The Companies (Auditor’s Report) Order, 2020 shall be made applicable from financial year 2020-21, instead of being applicable from the financial year 2019-20 as notified earlier. This will significantly ease the burden on companies & their auditors for the financial year 2019-20.
8.	Newly incorporated companies are required to file a declaration for Commencement of Business within 180 days of incorporation under section 10A of the Companies Act, 2013. An additional period of 180 more days is allowed for this compliance.
9.	Non-compliance of minimum residency in India for a period of at least 182 days by at least one director of every company, under Section 149 of the Companies Act, 2013 shall not be treated as non-compliance for the financial year 2019-20
10.	Requirement under section 73(2)(c) of Companies Act 2013, to create the deposit repayment reserve of 20% of deposits maturing during the financial year 2020-21 before 30th April, 2020 shall be allowed to be complied with till 30th June 2020.		30-06-2020
11.	Requirement under rule 18 of the Companies (Share Capital & Debentures) Rules, 2014 to invest or deposit at least 15% of amount of debentures maturing in specified methods of investments or deposits before 30th April 2020, may be complied with till 30th June 2020.		30-06-2020
12.	As per Para VII (1) of Schedule IV to the Companies Act, 2013, the Independent Directors of the company are required to hold at least one meeting in a financial year, without the attendance of non-independent directors and members of management. For the financial year 2019-20, if the Independent Directors of a company have not been able to hold such a meeting, the same shall not be viewed as violation. The independent Directors, however, may share their views amongst themselves through telephone or e-mail or any other mode of communication, if they deem it to be necessary.
Compliance Calendar for others
1.	Issue of Diligence Report for Banks in case of Consortium Lending / Multiple Banking Arrangements by Peer Reviewed Units.	ICSI	01-07-2020
2.	The ICSI Auditing Standards is mandatorily applicable for Audit Engagements accepted by the Auditor on or after 1st October, 2020.	ICSI Auditing Standards	01-10-2020
3.	Debit card holders can now withdraw cash from any bank without any additional charges for next 3 months.	Banking Laws	-
4.	There will be a complete waiver of fees charged by the banks for not maintaining the minimum balance.	Banking Laws	-
5.	There will be reduction of bank charges for digital trade transactions for all trade finance consumers.	Banking Laws	-