Compliance Checklist for Startups: ROC Filings, GST, and More

Tanya Shree
Jan 17
2 min read

Startups are the engines of innovation, but staying compliant with legal requirements is crucial for growth. Non-compliance can lead to penalties, reputational damage, or business dissolution. Here’s a concise guide to the essential compliance requirements for startups, covering ROC filings, GST, and more.

Why Compliance Matters

Compliance builds trust with stakeholders, demonstrates professionalism, and ensures smooth operations, allowing startups to focus on innovation and growth.

1. Registrar of Companies (ROC) Filings

Every company must comply with ROC filings under the Companies Act, 2013. Key filings include:

Filing	Description	Deadline
Annual Returns (MGT-7)	Includes details about directors and shareholders.	60 days from AGM
Financial Statements (AOC-4)	Includes balance sheet and profit & loss statement.	30 days from AGM
DIR-3 KYC	Annual KYC update for directors.	Annually
INC-22A (ACTIVE)	Confirms company’s active status.	Once

2. Goods and Services Tax (GST)

Startups selling goods or services must comply with GST requirements. Key components include:

Requirement	Details
GST Registration	Mandatory for turnover above ₹20 lakh (services) or ₹40 lakh (goods).
Monthly/Quarterly Returns	Includes GSTR-1 (outward supplies), GSTR-3B (summary), and GSTR-9 (annual).
Input Tax Credit (ITC)	Maintain proper records to claim ITC on business expenses.
E-Way Bills	Required for transporting goods worth over ₹50,000.

3. Taxation Compliance

Taxes are inevitable, but staying compliant helps startups minimize liabilities and maximize benefits. Key requirements include filing income tax returns annually, deducting and depositing TDS, and paying advance tax.

4. Employment and Labor Law Compliance

Startups hiring employees must adhere to labor laws, including contributions to EPF and ESI, drafting compliant employment agreements, and adhering to minimum wage laws.

5. Intellectual Property (IP) Compliance

Protecting intellectual property is essential for innovative startups. Steps include trademark registration, patent filing, and copyright registration.

6. Other Key Compliances

Register under the Shops and Establishments Act, seek Startup India recognition, and conduct statutory audits if turnover exceeds ₹1 crore.

Tips for Staying Compliant

1. Use compliance software for automated filings.2. Hire professionals like CA or CS for complex compliance tasks.3. Set alerts for filing deadlines.4. Stay updated on regulatory changes.

Compliance is the foundation of sustainable growth. Adhering to regulations prevents pitfalls, builds trust, and enables startups to focus on innovation and success.

Compliance Checklist for Startups: ROC Filings, GST, and More

Disclaimer: This article is provided solely for informational purposes and should not be considered as legal advice. For accurate legal guidance, please consult a qualified professional.