The article discussed FAQ Utilizing Electronic Cash and Input Tax Credit (ITC). I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization...
The article discusses FAQ Applying for GST Registration on the MCA website portal, faq incorporation FAQ Can I apply for GST registration at the same time as my company's incorporation on the MCA Portal? Yes, one may apply for GST registration at the same time as you register for a company's incorporation...
Even Startups and SME’s cannot evade a long HR system that is essential to follow up for the sake of their employees. This article educates one about the various practices that could your startup in the HR setup. HR Compliance Best Practices for Startups and SMEs, HR basics for...
Using an HRMS, an organisation can better manage its human resources by using the power of technology. The goal of an HRMS is to make the business more productive and efficient by automating manual and repetitive processes. It also allows the HR personnel to focus on strategic, business-critical duties...
The article discusses Payroll Preparation, Meaning, Software, Methods to process payroll. and Challenges in Handling Payroll Management Process. Payroll - Meaning Payroll is a list of the company's employees who are paid. The total amount of money paid to employees by the company is sometimes referred to as payroll. It entails...
The finance and payroll team is in charge of collecting and validating employee receipts and investment proofs. Employees plan their investments in their IT Savings Declaration forms at the start of the year. Around year-end, financial staff begin collecting investment proofs to check their legitimacy and calculate income tax....
Statutory Compliance for Startups Companies Act, Limited Liability Partnership Act, Insolvency and Bankruptcy Code, competition act and partnership act manage and regulate compliance mechanisms for forming and continuing a business entity. The Ministry of Corporate Affairs (M.C.A.) is in charge of these mechanisms. Tax regulation and compliance for the Direct and...
After incorporation, every company in India is required to comply with ongoing government rules and regulations; a private company is needed to conform with the many laws and requirements of the Companies Act 2013 and the rules promulgated thereunder. The Registrar of Companies (ROC) is the designated authority responsible...
The Limited Liability Partnership (LLP) has become a popular form of organisation among entrepreneurs since it combines the advantages of a partnership firm and a corporation into a single entity. In 2008, India adopted the concept of the Limited Liability Partnership (LLP). An LLP combines the qualities of a...
Payroll Statutory Compliance The term "statutory" refers to rules and regulations that are "of or linked to statutes." Adherence is defined as compliance. As a result, Statutory Compliance refers to following the laws and regulations. In HR, statutory compliance refers to the legal framework that a company must follow when interacting...
