31 December Year-End Requirements & To-Do List

31 December Year-End Requirements & To-Do List

⏰  Is Your Year-End Compliance Locked & Loaded?

December 31st is DEADLINE DAY for some of India's most critical tax & compliance filings. Miss this, and you're looking at penalties, loss of tax benefits, and compliance nightmares in 2026.

Let's be honest if you're not ready NOW, you won't be ready in 3 days.


🎯 Here's Your December 31 Compliance Checklist (Ranked by Risk):

TIER 1 - CRITICAL (Missing = Serious Penalties)

✅ GSTR-9 Annual Return [31 Dec Deadline]

  • For: All GST-registered businesses with turnover > ₹2 crore (FY 2024-25)

  • What happens if you miss: Late fee per day + scrutiny risk + compliance lock

  • Pro tip: File AFTER 1 Dec to ensure Table 8A auto-population ✨

✅ MGT-7/MGT-7A (Company Annual Return) [31 Dec Deadline]

  • For: ALL companies (FY 2024-25)

  • ⚠️ Last day for NO EXTRA FEES under MCA V3 transition relief

  • Post 31 Dec = ₹100/day penalty (no maximum cap!)

✅ AOC-4 (Financial Statements) [31 Dec Deadline]

  • For: ALL companies

  • New MCA V3 requirement: Geotagged photos of registered office (with name board) + digital signature by director

  • Missing this = Director liability + adjudication penalties

TIER 2 - HIGH IMPACT (Miss = Loss of Benefits)

✅ Belated/Revised ITR [31 Dec Final Deadline]

  • For: Anyone who missed the October 31 ITR deadline

  • Critical: After 31 Dec, you can ONLY file ITR-U (Updated Return) with 25%-50% EXTRA TAX

  • Lost benefits after 31 Dec:
    ❌ Loss carry-forward (except house property)
    ❌ Option to choose old tax regime
    ❌ Tax audit exemption

✅ GSTR-9C (Reconciliation Statement) [31 Dec Deadline]

  • For: Businesses with turnover > ₹5 crore

  • Good news: CA/CMA certification NO LONGER mandatory (self-certified now) ✅

TIER 3 - ONGOING (Earlier Deadlines Already Passed)

✅ TDS Deposits & Returns [Dec 7, 10, 15, 30]

  • TDS/TCS for November 2025

  • Form 16B/16C/16D certificates (Oct 2025)

✅ EPF/ESI Contributions [15 Dec]

  • Wage month November 2025

  • Delays = 12% interest p.a. + 1% monthly damages ⚠️


🔥 HARD TRUTH:

"Compliance isn't a burden if planned; it's a disaster if rushed."

→ React 👍 if you're all set
→ React 😰 if you're stressed
→ React 🙌 if this checklist just saved your day


🤝 Got a December 31 Compliance Question?

Drop it in comments below we'll answer. This is YOUR year-end.

Not a CA? Share this with your accountant NOW. They need to see this too.


Save this post. Share it with your finance team. Bookmark it for next year.

Your Future Self (on Jan 1, 2026) will thank you for getting this right today.

#ChareredAccountant #TaxCompliance #GST #IndianTaxes #IncomeTax #YearEndCompliance #December31 #ComplianceChecklist #CAprofessionals #FinancialClose #IndiaBusinessCompliance



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