At CompliaSync, we specialize in ensuring statutory compliance across various industries and sectors. Statutory compliance refers to the adherence to laws, regulations, and legal requirements that businesses must follow. Failure to comply with statutory laws can lead to penalties, legal disputes, and damage to the company’s reputation. We offer end-to-end statutory compliance services to ensure that your organization remains in full compliance with all applicable labor laws, tax laws, and industry-specific regulations.
Our Statutory Compliance Services Include:
1. Labour Law Compliance
We help businesses comply with key labor laws, including but not limited to:
- Shops and Establishment Act: We assist in registering and renewing your business under the Shops and Establishment Act, and ensure compliance with working hours, holidays, and other regulations.
- Payment of Wages Act: We help ensure that the employer meets the provisions of the Payment of Wages Act by paying wages on time and in accordance with legal standards.
- Minimum Wages Act: We ensure that the business complies with the Minimum Wages Act, ensuring that employees are paid the legally required minimum wage for their respective industry.
- Factories Act: We ensure that businesses with manufacturing units comply with all requirements of the Factories Act, covering issues such as health, safety, working conditions, and worker welfare.
- Employees’ Provident Fund (EPF) Act: We provide end-to-end compliance services related to EPF, including registration, contribution management, filings, and employee assistance.
- Employees’ State Insurance (ESI) Act: We ensure adherence to ESI regulations for employee welfare, including timely contribution payments, filing returns, and managing claims.
- Maternity Benefit Act: We help businesses comply with the Maternity Benefit Act, ensuring that eligible female employees receive maternity leave and benefits.
2. Tax and Financial Compliance
We ensure that your business complies with all tax and financial laws, including:
- Income Tax Act: We assist in ensuring that employees’ salaries are processed in compliance with Income Tax laws, and manage TDS (Tax Deducted at Source) submissions, filing of TDS returns, and the issuance of Form 16 for employees.
- Professional Tax: We ensure compliance with Professional Tax regulations, which include monthly payment, returns filing, and maintaining accurate records.
- GST (Goods and Services Tax): We provide GST compliance services, including registration, return filing, and ensuring adherence to all GST rules.
- Labour Welfare Fund Act: We ensure compliance with the Labour Welfare Fund Act, including payments and filings for eligible workers as per the state-specific regulations.
3. Statutory Reporting & Returns Filing
We manage the filing of all necessary returns and reports required by various authorities, ensuring your business is compliant with the law. Key reports include:
- Monthly Contributions and Returns: We manage monthly filings and payments related to EPF, ESI, PT, and other statutory deductions.
- Annual Returns: We help businesses file annual returns such as Form 3A and Form 6A under the EPF Act, and other related returns as per the applicable laws.
- Quarterly TDS Returns: We file quarterly TDS returns as per the Income Tax Act, ensuring that tax is deducted correctly at source and submitted to the government.
- Maternity Benefit Returns: We assist businesses in filing returns for maternity benefit compliance as required by the Maternity Benefit Act.
- Health and Safety Reporting: We manage the health and safety compliance under the Factories Act, ensuring that regular health checks, inspections, and accident reports are submitted as required.
4. Employee Benefits and Welfare Compliance
We ensure that all employee welfare benefits are administered in accordance with statutory requirements, including:
- Gratuity and Bonus Compliance: We assist in calculating and disbursing gratuity and bonus payments as per the relevant labor laws.
- Provident Fund (PF) and ESI: We ensure PF contributions are correctly calculated, deposited, and reported. We also ensure employees’ ESI contributions are paid timely.
- Leave Entitlements: We ensure that businesses comply with leave entitlements, including earned leave, sick leave, and casual leave, ensuring employees are granted the required number of leaves per the law.
- Health & Safety: We assist in maintaining records related to workplace safety and health audits, ensuring compliance with the Factories Act and other workplace safety laws.
5. Risk and Audit Services
We provide regular audit services to identify potential compliance risks and ensure that the organization meets all regulatory requirements:
- Compliance Audits: We conduct statutory compliance audits to identify gaps in your current processes, helping businesses avoid potential fines and penalties for non-compliance.
- Legal Assistance: We offer assistance in legal matters related to labor disputes, compliance violations, and audits from labor authorities.
- HR Policy Development: We help businesses develop HR policies that align with statutory requirements, ensuring fair employment practices and compliance with labor laws.
6. Handling Legal Disputes and Inspections
- Representation Before Authorities: We represent clients before labor authorities, labor courts, and high courts on matters related to statutory compliance.
- Inspections & Audits: We handle inspections and audits conducted by authorities, ensuring that your company is fully prepared and compliant during inspections.
- Dispute Resolution: We manage disputes related to statutory compliance and labor law matters, including issues of wrongful termination, unpaid wages, discrimination, and other employee-related concerns.
Why Choose CompliaSync for Statutory Compliance?
- Expert Guidance: Our team has in-depth knowledge of all labor laws and statutory regulations, ensuring that your business complies with the most up-to-date requirements.
- End-to-End Service: From registration to report filing, and from employee welfare to risk management, we handle all aspects of statutory compliance for your organization.
- Timely and Accurate Filing: We ensure that all returns, reports, and filings are done on time, preventing penalties for delayed or inaccurate submissions.
- Cost-Effective Solutions: Our services are designed to ensure compliance while minimizing administrative overheads and avoiding legal fees from non-compliance.
- Seamless Integration: We integrate seamlessly into your operations, working with your HR, payroll, and finance departments to ensure statutory compliance at every level.
Key Statutory Compliance Areas We Cover:
- EPF (Employees’ Provident Fund)
- ESI (Employees’ State Insurance)
- PT (Professional Tax)
- Maternity Benefit Act
- Factories Act
- Shops and Establishment Act
- Payment of Wages Act
- Minimum Wages Act
- Labour Welfare Fund Act
- Gratuity and Bonus Compliance
- Income Tax Compliance (TDS, Form 16)
- Health and Safety Legislation
- Trade Union Regulations
With CompliaSync, you can rest assured that your business will stay ahead of legal requirements, ensuring statutory compliance with every aspect of labor, tax, and welfare laws. We handle all compliance-related concerns so you can focus on growing your business while we take care of the legalities. Let us help you mitigate risk, avoid penalties, and maintain your company’s reputation as a law-abiding entity.
Feel free to reach out if you need any further customization!