1.Major New MCA Scheme for Late Filings
- The Ministry of Corporate Affairs has launched a one-time compliance relief scheme — Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) — to help companies regularise overdue statutory filings at significantly reduced cost.
- What it does:
• Companies can file outstanding annual returns and financial statements by paying only about 10% of the usual additional late fees (instead of the full penalty).
• The scheme also offers reduced fees for dormant status and strike-off options.
• There’s also conditional immunity from penalty actions if filings are made during the scheme period before ROC notices. - Scheme Duration:15 April 2026 to 15 July 2026 — a limited 3-month period for compliance.
This is one of the biggest MCA compliance relaxations in recent times, aimed at reducing regulatory burden and cleaning up the corporate registry.
2.Banking, Regulation & Financial Stability
- No roadmap yet for PSU bank mergers: FM Sitharaman confirmed there’s no immediate plan for merging public sector banks; a panel will review sector reforms.
- Regulators act to curb leverage in derivatives markets: Indian authorities (incl. RBI/SEBI) are moving to limit excessive leverage in the $5.2 trn derivatives segment to reduce systemic risk.
- Regulatory appointment news: PRISM — parent company of OYO — appointed former SEBI chairman Ajay Tyagi as independent director, adding regulatory experience to the board.
3.March 2026 – Compliance Calendar
🧾 GST Compliance
| Due Date | Return / Form | Period Covered / Who |
| 10 Mar 2026 | GSTR-7 | GST TDS return for Feb 2026 |
| 10 Mar 2026 | GSTR-8 | GST TCS return for Feb 2026 (E-commerce Operators) |
| 11 Mar 2026 | GSTR-1 (Monthly) | Outward supplies for Feb 2026 |
| 13 Mar 2026 | GSTR-1 (IFF for QRMP) | Upload invoices under QRMP for Feb 2026 |
| 13 Mar 2026 | GSTR-5 | Non-resident taxable person return for Feb 2026 |
| 13 Mar 2026 | GSTR-6 | Input Service Distributor return for Feb 2026 |
| 20 Mar 2026 | GSTR-3B | Summary return for Feb 2026 (monthly filers) |
| 20 Mar 2026 | GSTR-5A | OIDAR (online services) return for Feb 2026 |
| 25 Mar 2026 | GST PMT-06 | QRMP scheme tax payment for Feb 2026 |
Note: Quarterly GST filings like CMP-08 (Composition scheme) are not due in March.
Tax & Payroll Compliance
| Due Date | Compliance | Period / Who |
| 07 Mar 2026 | TDS/TCS Payment | TDS/TCS payable for Feb 2026 |
| 15 Mar 2026 | Advance Tax – 4th/Final Instalment | FY 2025–26 (all liable taxpayers) |
| 15 Mar 2026 | PF Contribution & ECR Filing | EPFO-registered employers for Feb 2026 |
| 15 Mar 2026 | ESI Payment & Return | ESIC-registered employers for Feb 2026 |