XBRL is required by almost all corporate companies to furnish their compliance with the Ministry of Corporate Affairs. As the XBRL format is widely used in corporate companies, it is an encrypted way to share the financial details of the business to the government and has been done through the help of software. The XBRL filing has to be done on time and here we have showcased the timeline and due dates to file the XBRL as per the demand of the MCA.
XBRL Filing Due Dates for FY 2024-25
| Name of E-form | Purpose of E-form | Due date of Filing | Due date for FY 2024-25 |
|---|---|---|---|
| Form AOC-4 (XBRL) | Filing of Annual Accounts in XBRL mode | 30 days from the conclusion of the AGM | 29 October 2025 (If AGM held on 30 September, 2025) |
| Form AOC-4 (XBRL) for IND AS based Financial Statement | Filing of Annual Accounts based on Indian Accounting Standards in XBRL mode | 30 days from the conclusion of the AGM | 29 October 2025 (If AGM held on 30 September, 2025) |
| Form CRA-4 | Filing of Cost Audit Report | 30 days from the receipt of Cost Audit Report | 30 days from the receipt of Cost Audit Report |
| Form AOC-4 (NBFC) IND and Form AOC-4 CFS (NBFC) IND | Filing of Annual Accounts based on Indian Accounting Standard for Non-Banking financial institutions NBFC | 30 days from the conclusion of the AGM | 30 days from the conclusion of the AGM |
The Concept of Penalty/Additional Fees
NOTE: The additional Fee for E-form AOC-4 (XBRL and Non-XBRL) and Form MGT-7 after the due date is INR 100 per day with effect from 1st July 2018.
Penalty for other forms and Docs
| Period of Delays | Fees |
|---|---|
| Up to 30 days | 2 times of normal fees |
| More than 30 days and up to 60 days | 4 times of normal fees |
| More than 60 days and up to 90 days | 6 times of normal fees |
| More than 90 days and up to 180 days | 10 times of normal fees |
| More than 180 days and up to 270 days | 12 times of normal fees |
Recommended:Download Free Trial Version of XBRL Return Filing
We are confused regarding the filing of XBRL in case of a company named GLOBAL STONES PRIVATE LIMITED. The paid-up capital of the company for the year 2016-17 is 42,936,200 and the reserves and surplus of the company are 143,599,99. Also, the turnover is 686,158,790.
As per our understanding we only consider paid up up capital for the purpose of XBRL filing and the company has paid up less than 5 crores till March 2017. The paid-up capital of the company in October 2017 is more than 5 crore. In this case, the company is required to file the XBRl for the financial year 2016-2017.
Vide Notification dated 9th September 2015, Ministry of Corporate Affairs has notified “Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules, 2015”. As per the same, companies falling in the following categories will have to file their Financial Statements under section 137 of the Companies Act, 2013 using the Extensible Business Reporting Language (XBRL) taxonomy for financial year commencing on or after 1st April 2014:-
v. all companies listed on any Stock Exchange(s) in India and their Indian subsidiaries; or
vi. all companies having paid up capital of Rupees five crore and above; or,
vii. all companies having a turnover of Rupees one hundred crore and above; or,
viii. all companies which were hitherto covered under the Companies (Filing of Documents and Forms
in Extensible Business Reporting Language) Rules, 2011:
However, companies in Banking, Insurance, Power Sector and Non-Banking Financial Companies are exempted
from XBRL filing.
Please advise on due dates for AOC-4 IND AS based Taxonomy for FY 2016-17. Is the final Taxonomy available? Is your software ready for IND AS taxonomy?
Till date IND AS taxonomy has not been finalized by the MCA, so when MCA will provide the final taxonomy for IND AS, we will provide the same through an update. Also, there is no update/notification from MCA regarding the extension of filing due date.
For the financial year 2016-17, due date of AGM is 29.09.2017 as 30.09.2017 is a national holiday, Dusshera, last date of filing of AOC 4 is 28.10.2017
Is due date for filing AOC 4 XBRL extended upto 30.10.2017 even if AGM is held on 28.07.2017. Normally it is to be filed within 30 days of AGM. I m not able to find any circular for extension? The software is also not ready for the same… So how the same are being filed by the listed companies which have already done with AGM in May 17 itself?
Thanks….
There is no circular till yet regarding extension for due date of annual filing from MCA, the date 30/10/2017 is showing the last date of filing if the AGM will be conducted on last date i.e.30.09.2017 and also the taxonomy based on IND AS is not finalised by the MCA.
So is your software ready for FY16-17 XBRL filing (non IND AS)?
Do you believe the due date will be extended for both IND AS and other XBRL filings?
Yes, you can do FY 16-17 XBRL filing (non IND AS) and please contact at MCA helpdesk to know about due date extension of XBRL filing.
one Financial Statement of FY 2016-17 is available with me for filing but the XBRL software is not available for FY 2016-17. so when the software will be available for FY 2016-17.