The Government has reduced contributions of ESIC to 4% from 6.5%
The government has reduced the contribution under the Employees’ State Insurance (ESI) Act to 4% with effect from 1st July 2019 from 6.5%, a move expected to increase the take home salary of workers as well as reduce the financial burden of employers.
Read more at lexcomply.com
New Rules in GST Registration and Filings
On 21st July 2017 India bought out its most significant reforms in taxation by implementing GST (Goods and Services Tax). A GST Council was formed for framing rules and regulations governing GST compliance in India.
Read more at wazzeer.com
Factors Determining Statutory Compliance in Payroll Components in India in 2019
Salary structuring, statutory compliance, and outsourcing are important components of payroll in India in 2019. Salary structuring with correct tax planning helps reduce the tax liability of the employee and the employer.
Read more at paysquare.com
FSSAI’s Product Approval System explained on the Food and Beverage industry
Venturing into the “mouth-watering” and diverse food and beverage industry in India, be it through a restaurant or a food manufacturing / processing unit or even an online food delivery service, you must first ensure that you are fulfilling the regulations and guidelines set by the Food Safety and Standard Authority of India (FSSAI).
Read more at lexplosion.in
Mandatory Compliances for a Private Limited Company in India
Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Managing the day to day operations of your business along with complying the corporate laws can be little taxing for any entrepreneur.
Read more at ventureasy.com