Skip to content

CS Executive · Setting Up of Business, Industrial and Labour Laws · Identifying Laws applicable to various Industries and their Initial Compliances

Kaveri Foods Pvt Ltd, a company in Pune, has a compliance officer who builds a monthly calendar. Which of these is a recurring monthly compliance item for a registered GST taxpayer under the regular scheme?

A regular GST taxpayer must file its outward supply return and pay the tax by the due date each month, so it belongs on the monthly calendar. The company annual return and AGM are yearly items, and trade mark renewal is a ten-year event.

  1. AFiling the annual return of the company with the Registrar
  2. BFiling the periodic GST outward supply return and paying tax by the due dateCorrect
  3. CHolding the annual general meeting
  4. DRenewing the trade mark registration

Explanation

A regular GST taxpayer must file its outward supplies return and pay tax periodically, which is monthly for most taxpayers. The annual return filing and AGM are yearly company-law events, and trade mark renewal occurs only after ten years.

Did you get it right without looking?

One question tells you little. A timed set on Identifying Laws applicable to various Industries and their Initial Compliances shows your real accuracy, how long you take and where you lose marks.

Practise Identifying Laws applicable to various Industries and their Initial CompliancesFree diagnostic mock

More Identifying Laws applicable to various Industries and their Initial Compliances questions