Every country has a legal framework that regulates its businesses. While this covers a host of aspects to regulate the externalities of businesses, some of the more common ones pertain to taxation and labor laws. Compliance with these laws takes the form of a set of periodic returns/reports filing and associated payments (taxes and contribution to labor welfare schemes). The periodicity and the nature of payments vary across different countries and at times across different states. We have put together the list of main government institutions that companies in Kerala have to work with, the necessary compliance action that is to be undertaken by the company with respect to the specific institution, periodicity of action, and associated payments. We put this together to ensure that we continue to be on the right side of the law and render unto Caeser what is due to Caeser.
Commercial Taxes Department, Government of Kerala
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| VAT Returns |
Monthly |
25 th of succeding month |
| VAT Returns |
Annual |
31 st December |
| Vat Registration Renewal |
Annual |
March of previous FY |
| Associated Payments |
Periodicity |
Payment Due |
| VAT Payment |
Monthly |
25 th of succeding month |
| VAT Registration Renewal Fees |
Annual |
March of previous FY |
Income Tax Department, Department of Revenue, Ministry of Finance, Government of India
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| Corporate IT Return |
Annual |
30 th September |
| Advance IncomeTax Returns |
Quarterly |
15 th June/September/December/March |
| TDS Returns |
Quarterly |
15 th July/October/January/April |
| Associated Payments |
Periodicity |
Payment Due |
| Advance Income Tax Payments |
Quarterly |
15 th June/September/December/March |
| TDS Payments |
Monthly |
7 th of succeding month |
Central Board of Excise and Customs, Department of Revenue, Ministry of Finance, Government of India
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| Service Tax Returns |
Half yearly |
15 October and April |
| Associated Payments |
Periodicity |
Payment Due |
| Service Tax Payments |
Monthly |
7 th of succeding month |
Corporation, Government of Kerala
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| Professional Tax – Employees Returns |
Half yearly |
August, February |
| Associated Payments |
Periodicity |
Payment Due |
| Professional Tax-Employees |
Half yearly |
August, February |
Employee Provident Fund Organisation
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| EPF Returns |
Annual |
30th of April |
| Associated Payments |
Periodicity |
Payment Due |
| EPF |
Monthly |
15 th of succeding month |
Employee Provident Fund Organisation
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| ESI Returns |
Annual |
January 31st |
| Associated Payments |
Periodicity |
Payment Due |
| ESI |
Monthly |
21 st of succeding month |
Registrar of Companies, Ministry of Corporate Affairs, Government of India
| Filing and Administrative Action |
Periodicity |
Due date of filing/Renewal |
| ROC-Balance Sheet and Profit and Loss Account |
Annual |
30 th October |
Effort towards regulatory compliance constitutes a significant effort of the finance and administration departments in the organization. We hope that this table will help other companies in Kerala in keeping tab of their compliance efforts and help improve their efficiencies a bit.
Credits
The information was compiled by Mathew K. Mathew and Raveendran K. from the finance department in Zyxware.
