Most founders expect the paperwork to end once the company is registered. In reality the first year brings a steady stream of filings — and missed deadlines bring penalties that hurt a young business.
The first-year essentials
Exact requirements depend on your structure and turnover, but most new businesses will need to plan for:
- GST registration and regular returns, once you cross the threshold or sell interstate
- Professional tax and shop & establishment registration where applicable
- Statutory auditor appointment and annual filings with the registrar
- TDS deductions and returns once you pay salaries or vendors
Build a compliance calendar
Put every due date in one shared calendar with reminders a week ahead, and keep invoices and bank statements organised monthly rather than in a year-end rush. It's simple, and it keeps you investment-ready.
This is general guidance, not legal or tax advice — talk to us or your chartered accountant about your specific case.
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