Introduction
If you are running a business in India, you already know how overwhelming compliance can be. GST filings, TDS payments, payroll, ROC filings, audits, books of accounts—missing even one deadline can lead to penalties, notices, and cash flow disruptions.
Most SMEs and startups struggle not because they want to avoid compliance, but because they don’t have a clear system to manage it.
So, here is your simple, actionable Monthly Compliance Checklist created by Mittal & Company, Pune’s trusted CA firm. Use this resource to avoid penalties, stay organized, and run your business stress-free.
⭐ Your Monthly Business Compliance Checklist (India)
A practical, step-by-step list you can follow every month.
1️⃣ GST Compliance
✔ GSTR-1
For monthly filers: Filed by the 11th of every month
For quarterly filers: File via QRMP scheme
✔ GSTR-3B
Due date: 20th or 22/24th (based on state category)
Ensure correct calculation of tax liability
✔ GST Payments
Pay tax before filing GSTR-3B
Reconcile Input Tax Credit (ITC)
Match books with GSTR-2B every month
Common Problems Solved:
Late fees, ITC mismatches, wrong tax payments, blocked credits.
2️⃣ TDS Compliance
✔ Deposit TDS
Due every month by the 7th
Applicable on salaries, rent, contractors, professional fees, interest, etc.
✔ Prepare Quarterly TDS Reports
Although filed quarterly, you must maintain accurate monthly records.
✔ Verify Vendor PANs & Rates
Avoid excess deduction or under-deduction penalties.
Common Problems Solved:
Notices for short deduction, wrong section selection, delayed payments.
3️⃣ Payroll & HR Compliance
✔ Salary Processing
Maintain attendance, overtime, leave records
Generate salary slips
✔ EPF & ESIC Payments
Deposit PF by 15th
Deposit ESIC by 15th
✔ Professional Tax (PT)
Pay monthly PT (varies by state; Maharashtra requires monthly/annual PT compliance)
✔ Issue Payslips & Maintain Registers
For labour law compliance.
Common Problems Solved:
Mismatched payroll data, non-compliant payslips, delayed PF/ESIC payments.
4️⃣ Accounting & Bookkeeping
✔ Monthly Book Closing
Record all sales, purchases & expenses
Match bank entries
Reconcile vendor & customer accounts
✔ Bank Reconciliation Statement (BRS)
Ensure books = actual bank balance
Identify errors or unrecorded transactions
✔ Expense & Budget Check
Track unnecessary spending
Identify cost-saving opportunities
Common Problems Solved:
Cash flow issues, mismatched accounts, inaccurate financial statements.
5️⃣ Management Reporting (MIS)
✔ Prepare Monthly MIS Reports
Include:
Profit & Loss
Balance Sheet Snapshot
Cash Flow Summary
Debtor/Creditor Aging
Budget vs Actual analysis
✔ Review Financial Health
Helps owners make faster, data-driven decisions.
Common Problems Solved:
Lack of financial visibility, poor decision-making, cash flow surprises.
6️⃣ ROC & Company Law (for Pvt Ltd, OPC, LLP)
Although most ROC filings are annual, monthly attention is required for:
✔ Maintaining Statutory Registers
Share register
Minutes of board meetings
Registers of loans, contracts, charges
✔ Recording Board Decisions
If any major transaction happens (loan, investment, share allotment).
✔ Updating DIN KYC (if due)
Common Problems Solved:
ROC penalties, MCA notices, non-compliance during audit.
7️⃣ Monthly Compliance Calendar
A quick summary of monthly due dates:
Compliance TypeDue DateTDS Payment7th of every monthGSTR-111thGSTR-3B20th/22nd/24thPF Payment15thESIC Payment15thPT PaymentState-specificAccounting & MISEnd of month
This simple calendar ensures nothing falls through the cracks.
🚨 Why Most Businesses Fail at Compliance
No dedicated compliance system
Poor bookkeeping
Lack of reminders
Internal staff not trained in GST/TDS
Last-minute filing rush
Dependence on manual records
A single missed deadline can cost thousands in penalties and damage your compliance rating.
⭐ How Mittal & Company Can Help You Stay 100% Compliant
This checklist is powerful, but many businesses still need expert support.
That’s where Mittal & Company steps in with:
🔹 Full GST, TDS & ROC Compliance Management
We handle monthly filings, payments & reconciliation.
🔹 Complete Accounting & Bookkeeping Outsourcing
Accurate books = accurate compliance.
🔹 Payroll Processing & Labour Law Compliance
Smooth salary management without errors.
🔹 MIS Reporting for Founders
Clear financial snapshot every month.
🔹 Compliance Calendar & Deadline Tracking
Never miss a due date again.
🔹 Dedicated CA Support
Your business gets a compliance partner, not just a consultant.
With Mittal & Company, you run your business—we handle the compliance headache.
🎯 Conclusion
If compliance feels stressful, confusing, or time-consuming, you’re not alone.
Thousands of Indian businesses face the same challenges.
With this monthly checklist—and the right professional support—you can stay:
✔ Fully compliant
✔ Penalty-free
✔ Audit-ready
✔ Focused on growth
And that’s what your business deserves.
📞 Get Complete Monthly Compliance Support
🌐 Website: www.camittal.com
✉️ Email: info@camittal.com