Advisory Services for Direct and Indirect Tax
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If you need assistance with E-Filing and Tax Return services in India or have any questions, please don’t hesitate to contact us. You can fill out the query form and email it to contact@navneetaroracs.com.Employee State Insurance (ESI) Act
The ESI Act of 1948 envisions an integrated social insurance scheme designed to provide social security to industrial workers in certain contingencies, including sickness, maternity, temporary or permanent physical disablement, and death due to employment injury, resulting in a loss of wages or earning capacity. The act also guarantees full medical care to the workers and their dependent family members. All non-seasonal factories using power and employing 10 or more persons and non-power using factories employing 20 or more persons are covered under the ESI Act. The act has also been extended to establishments such as shops, hotels, restaurants, cinema halls, road motor transport agencies, and newspaper establishments employing 20 or more persons. All employees in such factories and establishments receiving wages up to Rs. 6,500/- per month are covered under the Act. We provide our clients with the facility to register under ESI, allowing them to do so from the comfort of their home or office by providing the necessary information for filling the requisite form.Contact Us
If you need assistance with ESI or have any questions, please don’t hesitate to contact us. You can fill out the query form and email it to contact@navneetaroracs.com.Contact Us
If you need assistance with Exemption Under SEC 80G or have any questions, please don’t hesitate to contact us. You can fill out the query form and email it to contact@navneetaroracs.com.PAN (Permanent Account Number)
PAN is a ten-digit alphanumeric number issued by the Income Tax Department, provided in the form of a laminated card. It is mandatory to quote PAN on the return of income, challans for any payments due to the Income Tax Department, and on all documents pertaining to financial transactions as notified from time to time. PAN is necessary for individuals if their total income during a previous year exceeds the maximum non-taxable limit, if they are carrying on a business or profession with total sales, turnover, or gross receipts likely to exceed INR 5,00,000 in any previous year, if they need to furnish a return of income under section 139(4A), or if they are required to furnish a return of fringe benefits under section 115WD. An Assessing Officer may also allot a PAN to any other person by whom tax is payable. We provide our clients with the facility of obtaining a PAN. Clients can upload and fill the requisite form and mail it to us for processing. In case you have already applied for the PAN and want to check the status of your PAN, you may visit the following link: Check PAN StatusTAN (Tax Deduction and Collection Account Number)
TAN is a 10-digit alphanumeric number required to be obtained by all persons responsible for deducting or collecting tax on behalf of the Income Tax Department. It is required to be quoted in all TDS/TCS returns, payment challans, and certificates. We provide our clients with the facility of obtaining a TAN. Clients can upload and fill the requisite form and mail it to us for processing. In case you have already applied for the TAN and want to check the status of your TAN, you may visit the following link: Check TAN StatusContact Us
If you need assistance with PAN and TAN Services or have any questions, please don’t hesitate to contact us. You can fill out the query form and email it to contact@navneetaroracs.com.Employees’ Provident Funds Act
The Employees’ Provident Funds and Miscellaneous Provisions Act primarily provides retirement and old age benefits, including Provident Fund, Superannuation, Pension, Invalidation Pension, Family Pension, and Deposit Linked Insurance.Eligibility
Any person who is employed for work in an establishment or employed through a contractor in or in connection with the work of an establishment is eligible for the benefits provided by this Act.Applicability
The Act applies to the following:- Establishments that are factories engaged in any industry specified in Schedule 1 and employ 20 or more persons.
- Any other establishment employing 20 or more persons as specified by the Central Government through notification.
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If you need assistance with Emplyee’s Provident FUnds Act or have any questions, please don’t hesitate to contact us. You can fill out the query form and email it to contact@navneetaroracs.com.Service Tax
This act applies to all of India except for the state of Jammu and Kashmir. Service Tax should be paid by an Individual, Proprietary, or Partnership firm by the 25th of the month immediately following the Quarter. Other individuals or entities should pay by the 25th of the month immediately following the month in which the services are received. Service Tax assesses are required to file a half-yearly return in Form ST-3 in triplicate. We offer our clients the facility to register with the Superintendent of Central Excise. We assist in the registration process by applying for registration (Form ST-1) and obtaining the certificate of registration (Form ST-2). Additionally, we provide the service of filling Service Tax Return (Form ST-3).Contact Us
If you are interested in availing our services or have any inquiries, Please fill out the query form and email it to contact@navneetaroracs.com.GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.
OBJECTIVES OF GST
To achieve the ideology of ‘One Nation, One Tax’
To subsume a majority of the indirect taxes in India
To eliminate the cascading effect of taxes
To curb tax evasion
To increase the taxpayer base
Online procedures for ease of doing business
An improved logistics and distribution system
To promote competitive pricing and increase consumption
DIFFERENT TYPES OF GST
There are four different components of GST such as CGST, SGST, IGST, and UTGST.
CGST: Central Goods and Services Tax is charged on the intra-state supply of products and services.
SGST: State Goods and Services Tax like CGST, is charged on the sale of products or services within a state.
IGST: Integrated Goods and Services Tax is charged on inter-state transactions of products and services.
UTGST: Union Territory Goods and Services Tax is levied on the supply of products and services in any of the Union Territories in the country, viz. Andaman and Nicobar Islands, Daman and Diu, Dadra and Nagar Haveli, Lakshadweep, and Chandigarh. UTGST is levied along with CGST.
GST REGISTRATION
Any company that is eligible under GST must register itself in the GST portal created by the Government of India. The registered entities will get a unique registration number called GSTIN.
It is mandatory for all Service providers, buyers, and sellers to register. A business that makes a total income of Rs.20 lakhs and more in a financial year must be required to do GST registration. It takes 2-6 working days to process.