What is my ARD date?

The last day of this observation period is the Assessment Reference Date (ARD). This is the end date of the observation period and provides a common reference point for all team members participating in the assessment.

How do I find my accounting reference date?

The accounting reference date is the end of your company's financial year. For new companies, this is the last day of the month that's 12 months from the incorporation date of your company (e.g. a company incorporated on 24 June 2020 would have their first accounting reference date as 30 June 2021)

What is ARD account?

The ARD or Accounting Reference Date is the date in each year to which a company's financial accounts are prepared. This date is usually the last month from your company's incorporation date.

What is annual return date Ireland?

Every Irish company is required to file Annual Returns with the Companies Registration Office (CRO) on a yearly basis regardless of whether the company has traded or is dormant.

What is an annual return?

The annual return is the return that an investment provides over a period of time, expressed as a time-weighted annual percentage. Sources of returns can include dividends, returns of capital and capital appreciation.

Introduction to R: Dealing With Dates

When should I file my annual return?

The due date for filing annual return of a company is within sixty days from the date on which the annual general meeting of the Company is held. Annual General Meeting of a company must be held within 9 months of closing of accounts of a company, in case of first year of operations of a company.

Is annual return mandatory?

Furnishing of the annual return is mandatory only for taxpayers with aggregate annual turnover above Rs 2 crore while a reconciliation statement is to be furnished only by the registered persons having aggregate turnover above Rs 5 crore.

How do I change my ARD date?

A company's Annual Return Date (ARD) can be changed by either bringing the date forward to an earlier date or by extending it to a later date.

What happens if annual return is late?

Failure to File on time: Failure to file an annual return on time can have several consequences including the imposition of the late filing fee, prosecution of the company and/or its directors, the loss of the audit exemption or the possible involuntary strike-off and dissolution of the company.

Who files annual return?

GST annual return filing is mandatory for all entities with a turnover of more than two crores required to obtain GST registration, irrespective of the business activity or sales or profitability during the return filing period. Hence, even a dormant business that gets GST registration must file GST returns.

What is the full form of ARD?

ARD - Acute Respiratory Disease.

Can directors change accounting reference date?

The directors can change the ARD for the financial period in which the change was notified and subsequently by giving notice to the Companies Registry (using Form AA01). An account reference date may be changed by shortening an accounting reference period as often as a company likes and by as many months as it wants.

What is bank Recurring Deposit?

A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.

How many times can you change accounting reference date?

The first accounting period must be between six and eighteen months. Subsequent periods will usually be twelve months, but can be changed to anything from one day to eighteen months. An accounting period can be shortened as often as you like but can only be extended once every five years.

How long can my first accounting period be?

Annual accounts

Your first accounts usually cover more than 12 months. This is because they: start on the day your company was set up ('incorporated') end on the 'accounting reference date' that Companies House sets for the end of your company's financial year - this is the last day of the month your company was set up.

What is the difference between an accounting date and a period of account?

You'll choose a date to prepare your accounts to each year. This is called your accounting year end date, year end date, or year end. The period that runs to a year end date is called your business's accounting year if it's a full year, or accounting period (which can be a year or a different span of time).

Can we file annual return after due date?

Due Date, late fee and penalty

The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default.

What happens if the company does not file its annual returns for 2 years?

In cases of non filing of Annual return of a company, both Company and Every Director are liable for the Penalty. The provisions of penalty states that the both the company and its every officer who is in default shall be liable to a penalty of Rs. 50,000/- and in case of continuing failure, with further penalty of Rs.

What happens if you dont hold AGM?

What Happens If a Company Cannot Meet the Deadline to Hold its AGM? If a company is unable to hold an AGM within the stipulated timeframe, it is possible for the company to apply for an extension of time (EOT) with ACRA before the due date.

Can you shorten a company year end?

You can shorten your company's accounting period as many times as you wish but you can only extend it once every five years. So, if you are thinking of lengthening your accounting period, it's important to have a good reason for doing so.

What date are company accounts due?

Usually the date private companies are due to file their accounts is 9 months after their year end (or accounting reference date). For example, if your company's financial year end is 31 March, the accounts must be filed with Companies House no later than 31 December.

Can financial year exceed 12 months?

Section 210 provides that normally a financial year can consist of not more than 15 months. However, with the permission of the Registrar it can be extended upto 18 months.

Who is not required to file the annual return?

The GST Council in its 37^th meeting announced that GST annual return is not required for small businesses with a turnover of less than Rs. 2 crores. The relaxation is applicable for financial years 2017-18 and 2018-19. Filing of GSTR-9 for taxpayers whose aggregate turnover does not exceed Rs.

Who is exempt from filing GST annual return?

The CBIC has exempted GST-registered taxpayers with annual aggregate turnover up to Rs. 2 crore in FY 20-21 from filing Form GSTR-9. The CBIC has notified changes to Sections 35(5) and 44 of the CGST Act. The requirement to get a GST audit and certification done by a CA/CMA now stands removed.

What is the last date for GST Annual return 2020-21?

The 31st December 2021 is the last date of annual return filing form GSTR 9 and GSTR 9C for the financial year 2020-21.