Glossary of India GCC finance terms

Term	What it means
AGM	Annual general meeting of shareholders; the date drives the AOC-4 and MGT-7 deadlines.
AOC-4	The form for filing audited financial statements with the Registrar of Companies, due 30 days after the AGM.
DIR-3 KYC	Directors' know-your-customer filing with the Ministry of Corporate Affairs, now once every three years, due 30 September.
DPDP Act	Digital Personal Data Protection Act, 2023: India's data protection law.
DPT-3	Annual return of deposits or exempt receipts, filed with the Registrar of Companies by 30 June.
EDF	Export Declaration Form; the filing that records export of services and tracks realisation of the proceeds (it replaces SOFTEX).
FEMA	Foreign Exchange Management Act, 1999: the law on foreign investment and cross-border payments.
FLA return	Annual return on Foreign Liabilities and Assets filed with the Reserve Bank of India, due 15 July.
Form 145 and Form 146	The names this site uses for the payments-abroad declaration and the chartered accountant's certificate (earlier Forms 15CA and 15CB).
Form 16	Certificate of tax deducted at source on salary, issued to each employee.
GAAP	Generally accepted accounting principles. "Parent-GAAP adjustments" convert Indian books to your parent company's reporting standard.
GCC	Global capability centre: a captive India unit that does work for its foreign parent.
GSTR-3B, GSTR-9, GSTR-9C	Monthly summary GST return and payment; annual GST return; and the reconciliation statement certified for larger taxpayers.
GST	Goods and services tax.
LUT	Letter of Undertaking, which lets an exporter supply services without paying IGST up front.
MGT-7	Annual return filed with the Registrar of Companies within 60 days after the AGM.
MIS	Management information system: the monthly reports your finance team and parent receive after the close.
PF, ESI, PT	Provident Fund, Employees' State Insurance and Professional Tax: payroll statutory deductions and contributions.
ROC	Registrar of Companies: the corporate regulator where company filings are made.
STPI	Software Technology Parks of India; an export-promotion scheme some GCCs register under.
TDS	Tax deducted at source: tax withheld on payments such as salary, fees and payments abroad, and deposited with the government.
Transfer pricing (TP)	Setting prices for services between related companies at arm's length; for GCCs usually cost plus a markup.

General information, not tax or legal advice. Dates are the usual statutory due dates; extensions are announced from time to time.

Glossary of India GCC finance terms

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