What are business compliances in India?

Business compliances are mandatory statutory filings and regulatory obligations prescribed by authorities such as MCA, Income Tax Department, GST authorities, and labour departments.

Is ROC compliance mandatory for all companies?

Yes, all registered companies including Private Limited, OPC, LLPs, and Public Limited Companies must file periodic ROC compliances to remain legally active.

What happens if business compliances are missed?

Missing compliances can result in heavy penalties, late fees, director disqualification, legal notices, and business restrictions.

Are compliances different for LLP and Private Limited Company?

Yes, LLPs and Private Limited Companies have different compliance structures, forms, and filing timelines as per MCA regulations.

Does TRAX provide ongoing compliance management?

Yes, TRAX offers end-to-end ongoing compliance management including tracking, reminders, filings, and expert support.

GST Return Filings

GST Return Filing is a mandatory compliance for every GST-registered business. TRAX ensures timely, accurate filing of all GST returns to help you avoid penalties, notices, and interest.

✓ Monthly & quarterly filings ✓ Error-free returns ✓ Compliance tracking

What are GST Returns?

GST Returns are periodic statements that contain details of sales, purchases, tax collected, and tax paid. Filing GST returns on time is mandatory to maintain an active GST registration and claim input tax credit.

Types of GST Returns We Handle

GSTR-1

Details of outward supplies of goods and services.

GSTR-3B

Summary return of tax liability and ITC.

GSTR-2B Reconciliation

ITC reconciliation with purchase data.

GSTR-9

Annual return for regular taxpayers.

GSTR-9C

Reconciliation statement for large taxpayers.

Nil Returns

Filing for inactive or no-transaction months.

Who Needs to File GST Returns?

Regular GST Taxpayers

Businesses registered under regular GST scheme.

Composition Dealers

Quarterly and annual return filers.

E-commerce Sellers

Sellers registered on online marketplaces.

Service Providers

Professionals and consultants under GST.

New Registrants

Businesses newly registered under GST.

Nil Filers

GSTIN holders with no transactions.

GST Return Filing Process

Collect sales & purchase data

Reconcile with GSTR-2B

Prepare & file returns

Acknowledgement & compliance tracking

File Your GST Returns with TRAX

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