Extend Due Date of AOC4 and MGT7: Tax Bar Association

Extend Due Date of AOC4 and MGT7: Tax Bar Association, Guwahati :Tax Bar Association, Guwahati requests forExtension of last date for MCA annual filing for the F.Y. 2017-18 under the Companies Act, 2013

Extend Due Date of AOC4 and MGT7: Tax Bar Association

Ref: TBA/PRE/GS/2018-19/021

Date: 26^th October, 2018

To Shri Injeti Srinivas, IAS Secretary to Government of India Ministry of Corporate Affairs Shastri Bhawan New Delhi 110001 Sir, Sub: Extension of last date for MCA annual filing for the F.Y. 2017-18 under the Companies Act, 2013 Tax Bar Association, Guwahati is a prestigious professional association having membership strength of 400+ members consisting of Chartered Accountants, Company Secretaries, Cost Accountants, Advocates and Tax Consultants. With reference to the provisions of the Companies Act, 2013 which require filing of financial statements and Annual Return by every company with the Registrar of Companies within thirty days and sixty days respectively from the date of Annual General Meeting of the Company. That Sir, these due dates fall in the month of October. October month of 2018 is one of the most hectic and busy month for the stakeholders to do the statutory compliances required to be done under the various act & laws of the land. A few of them are as under:-

1. DIR-3 KYC due date - 5th Oct.2018
2. TDS deposit due date - 7th Oct.2018
3. ADT-1 due date - 14th Oct. 2018
4. TCS Return due date - 15th Oct. 2018
5. GSTR-4 due date - 18th Oct. 2018
6. GSTR-3B due date - 25th Oct. 2018
7. AOC-4 due date - 30th Oct. 2018
8. Tax Audit due date - 31st Oct. 2018
9. TDS Return due date - 31st Oct. 2018
10. GSTR-1 due date - 31st Oct. 2018

  We have received a lot of requests from companies/ professionals to submit representation to the concerned Authorities for extension of last date for filing of MCA annual forms for the above noted reasons. Further, we would like to state that the professionals are also facing problems in XBRL conversion process due to recent implementation of IndAS and lot of pre-scrutiny in XBRL validation Tools. Furthermore, the applicability of additional fees of Rs. 100 per day on delayed filing of MCA annual documents has been introduced for the first time and extension of last date without levying the said fees will provide much needed relief to the stakeholders. Hence, we earnestly request you to consider the above noted facts and reasons for considering to grant extension of time for filing the MCA financial statements for the financial year ended 31st march, 2018 upto 31st December, 2018 without levying additional fees. We shall be happy to provide any further information or clarification that may be desired in this regard by your good office. An early action in the matter is highly solicited.   Thanking you,   Yours sincerely, For TAX BAR ASSOCIATION, GUWAHATI President (CA. Gopal Singhania)   Secretary (CS. Amit Pareek)