#ESIC ESIC registration online ESI registration

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Simplify Your GST and ESI Registrations in Hyderabad with KVR TAX

Navigating the gst registration process in hyderabad can be daunting for businesses, but with KVR TAX, it becomes straightforward and hassle-free. Whether you are a new business or an established company, our experts provide comprehensive guidance to ensure a smooth experience when applying for GST and ESI registrations. Here's a step-by-step look at how to get your gst registration online in hyderabad and understand the essential requirements.

Understanding the GST Registration Process

The goods and service tax registration in hyderabad is mandatory for businesses with an annual turnover exceeding the specified threshold. GST registration enables businesses to collect tax from customers and claim input tax credits on purchases. At KVR TAX, we assist businesses in every step of the gst new registration process in hyderabad, ensuring they comply with all legal requirements.

Step-by-Step Guide to GST Registration

apply for gst number online in hyderabad: The first step is to apply for GST registration through the official GST portal. You need to create a temporary reference number (TRN) to begin the application process.

company gst registration in hyderabad: For companies, the registration process involves submitting documents such as PAN, proof of business registration, address proof, and bank account details. Our experts can help you compile and submit these documents correctly.

Verification: Once the documents are submitted, the GST officer will verify them, and you may be asked for additional information if needed.

Issuance of gst registration certificate in hyderabad: Upon successful verification, the GST registration certificate will be issued, which includes your GSTIN (GST Identification Number). This certificate is crucial for your business operations.

KVR TAX provides end-to-end support throughout this process, making it easier to obtain your GST registration without any delays or complications.

Benefits of Choosing KVR TAX for GST Registration

We pride ourselves on being a reliable gst registration service provider in hyderabad, offering personalized assistance tailored to your business needs. Our team is experienced in handling all aspects of the GST registration process, making the experience seamless for you. With KVR TAX, you don’t just get registration services but also ongoing support for any GST-related queries or compliance needs.

How to Apply for ESI Registration in Hyderabad

Apart from GST registration, KVR TAX also offers guidance on the esi registration process in hyderabad. ESI (Employee State Insurance) is a health insurance scheme for employees, which is mandatory for companies with more than ten employees. The ESI registration process involves submitting various employee and company details through the ESIC portal.

Conclusion

KVR TAX stands as a trusted partner for businesses looking for efficient and reliable tax and registration services in Hyderabad. Whether you need assistance with the new gst registration online in hyderabad or require guidance on the ESI registration process, we have got you covered. Our team ensures that your registration is completed quickly, accurately, and with minimal hassle, helping your business stay compliant with all necessary regulations.

Let KVR TAX take care of your gst registration process in hyderabad and ESI registration process in Hyderabad so that you can focus on growing your business. Contact us today to learn more about our services and get started on your registration journey!

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Comprehensive Guide to Essential Business Services: PF ESI Registrations, Monthly Returns, IT Returns, GST Services, and Company Registration

SLNConsultancy #SLNPFConsultancy #SLNESIConsultancy #slnpfesiconsultancy

PF and ESI Registrations Provident Fund (PF) Registration: Provident Fund registration is mandatory for organizations with 20 or more employees. This social security initiative by the Government of India helps employees save a portion of their salary each month. The employer also contributes an equal amount, ensuring a secure financial future for the workforce.

Steps for PF Registration:

Employer Registration: Employers need to register on the EPFO (Employees' Provident Fund Organization) portal. Fill Application Form: Provide essential details about the establishment and employees. Submit Required Documents: Submit documents such as PAN, incorporation certificate, and employee details. Verification and Approval: The EPFO will verify the details and issue a PF registration number. Employee State Insurance (ESI) Registration: ESI registration is mandatory for organizations with 10 or more employees earning less than ₹21,000 per month. It provides employees with medical, monetary, and other benefits from the ESI Corporation.

Steps for ESI Registration:

Employer Registration: Register the organization on the ESIC (Employee State Insurance Corporation) portal. Fill Application Form: Provide establishment and employee details. Submit Required Documents: Submit PAN, establishment registration certificate, and employee details. Verification and Approval: The ESIC will verify the details and issue an ESI registration number. PF and ESI Monthly Returns PF Monthly Returns: Employers must file monthly returns for Provident Fund contributions through the EPFO portal. The returns should include details of the wages, contributions, and the total number of employees.

Steps for Filing PF Monthly Returns:

Generate ECR: Generate an Electronic Challan Cum Return (ECR) file using employee details. Upload ECR: Upload the ECR file on the EPFO portal. Payment of Contributions: Make the payment towards the PF contributions. Receive Acknowledgment: Download the acknowledgment receipt for future reference. ESI Monthly Returns: Employers must also file ESI monthly returns to ensure proper contribution towards employee insurance.

Steps for Filing ESI Monthly Returns:

Login to ESIC Portal: Access the ESIC portal with employer credentials. Update Employee Details: Ensure employee details are up-to-date. Generate Challan: Generate a challan for the monthly contributions. Make Payment: Pay the contributions through the online portal. Receive Acknowledgment: Download the receipt for records. Income Tax (IT) Returns Income Tax Returns (ITR): Filing Income Tax Returns is an annual obligation for individuals and businesses with taxable income. It helps in declaring income, claiming deductions, and paying taxes.

Steps for Filing IT Returns:

Collect Documents: Gather necessary documents like Form 16, TDS certificates, and investment proofs. Login to IT Portal: Access the Income Tax Department’s e-filing portal. Fill ITR Form: Choose the relevant ITR form and fill in the income and deduction details. Verify and Submit: Verify the details, compute the tax payable, and submit the return. E-Verification: Complete the e-verification process using Aadhaar OTP, net banking, or other methods. Goods and Services Tax (GST) Services GST Registration: Businesses exceeding the turnover threshold must register for GST. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

Steps for GST Registration:

Login to GST Portal: Access the GST portal and choose the registration option. Fill Application Form: Provide business details, including PAN, address, and bank details. Upload Documents: Upload necessary documents like proof of business, identity proof, and photographs. Verification: The GST officer will verify the application and issue a GSTIN (Goods and Services Tax Identification Number). GST Returns: Registered businesses must file regular GST returns, documenting their sales, purchases, and tax paid.

Steps for Filing GST Returns:

Login to GST Portal: Access the portal using GST credentials. Prepare Returns: Prepare the returns using inward and outward supply details. Upload and Submit: Upload the return data and submit it online. Pay Tax Liability: Pay any tax liability arising from the returns. Receive Acknowledgment: Download the acknowledgment for records. Company Registration Company Registration: Registering a company legally recognizes it as a separate entity, providing benefits such as limited liability, credibility, and access to funding.

Steps for Company Registration:

Choose Business Structure: Decide on the type of company – Private Limited, Public Limited, LLP, etc. Obtain DSC and DIN: Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors. Name Approval: Apply for the company name approval on the MCA (Ministry of Corporate Affairs) portal. File Incorporation Documents: File incorporation documents like MOA (Memorandum of Association) and AOA (Articles of Association). Certificate of Incorporation: Once approved, the Registrar of Companies (RoC) issues the Certificate of Incorporation. Understanding these essential business services ensures compliance with legal requirements and promotes smooth business operations. Whether it’s registering for PF and ESI, filing monthly returns, managing IT and GST, or registering a new company, each step is crucial for the efficient functioning and growth of a business.

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EPF and ESI Practitioner Course, Learn Online Registration, Compliance, UAN Number, EPFO ESIC Payroll Law, ECR Challan, Filing, Employees Records Add and Remove

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"Startupfino's Expert ESIC Services: Ensuring Compliance for Your Business"

ESI registration, or Employees' State Insurance registration, offers a multitude of benefits for both employers and employees in India. This social security initiative ensures that employees and their families have access to medical care and insurance coverage from the moment they start their employment. 

One of the significant advantages of ESI registration is the provision of maternity benefits, which can extend up to 26 weeks with the possibility of an additional 30 days based on medical advice. Employees can receive maternity benefits at 100% of their wages, covering various aspects of maternity-related situations. 

Additionally, ESI provides disability benefits to employees who suffer permanent or temporary disabilities due to unforeseen circumstances, offering them 90% of their monthly salaries as compensation. Sick leave is also covered, allowing ESI members to take up to 91 days of sick leave per year with 70% of their monthly wages during their absence due to illness.

In unfortunate cases of an employee's demise during employment, their dependents receive 90% of the employee's monthly salary, along with funeral expenses of ₹10,000. Other benefits include confinement expenses for insured women, vocational and physical rehabilitation for those with disabilities, and old age medical care for retiring employees.

ESI has also introduced extended sickness benefits for members with chronic diseases and enhanced sickness benefits for those willing to undergo sterilization procedures.

The primary purpose of the Employee State Insurance (ESI) program in India is to safeguard the workforce against health-related risks that could impact their ability to work. This includes illnesses, workplace injuries, occupational diseases, and temporary or permanent disabilities. ESI ensures that employees and their dependents receive essential medical care and financial assistance in times of need, thereby reducing the financial burden caused by such situations.

ESI applicability and coverage are determined based on various factors, including the number of employees, their monthly income, and the type of business or establishment. Entities covered under ESI must secure ESI registration and comply with the relevant regulations.

To apply for ESI registration, entities must provide specific documents and information, including registration certificates, business entity details, employee details, and more. The process involves online registration through the ESIC portal and payment of advance contributions.

Recent amendments to ESI rules have expanded the coverage to include employees earning up to Rs. 21,000 per month and introduced changes in contribution rates. These amendments aim to provide more extensive coverage and benefits to a larger segment of the workforce.

After ESI registration, entities are required to comply with various regulations, including maintaining employee attendance records, wage registers, accident registers, and submitting monthly returns and challans. These compliances ensure that employees receive the benefits they are entitled to under the ESI scheme.

StartupFino offers comprehensive services for ESI compliances, including registration assistance, guidance on post-registration compliances, preparation and submission of monthly returns and challans, attestation of e-Pehchan cards, legal consultancy, and ongoing support to help businesses navigate the complexities of ESI regulations and ensure compliance. By availing these services, entrepreneurs can avoid legal issues, penalties, and operational disruptions, allowing them to focus on growing their businesses.

[legalsalaah]

Eligibility of Atal Bimit Vyakti Kalyan Yogna in ESI

What is ESIC Atal Bimit Vyakti Kalyan Yogna?

This benefit has been implemented from 1 July 2018 under "Atal Bimit Vyakti Kalyan Yogna" (ABVKY YOJNA), under which if you have missed your job and do not get another job even after finding up to 90%, and then you will get 3 months. Cash compensation from ESIC But keep in mind that this benefit can be taken only once in a lifetime, meaning that you will not be able to take this benefit again.

What is the eligibility of Atal Bimit Vyakti Kalyan Yojna?

ESIC “Atal Bimit Vyakti Kalyan Yogna” Eligibility:

There should be no job during relief. The person should be unemployed officially.

There should be a continuous contribution to ESIC for at least 2 years.

In those 2 years, there should be 78 days of contribution in four contribution periods.

The Employer's ESIC contribution should also be credited.

If a person has lost his job due to a crime or has taken retirement or retirement on his own, then the person cannot avail benefit under this Yojna.

Aadhaar and bank account should be included on the ESIC portal.

Other terms and conditions ESIC ATAL BIMIT VYAKTI KALYAN YOJNA:

Even if the employee does a part-time job and has a second job, he cannot take this benefit.

If a person is getting benefits under this Yojna, then no other similar cash compensation can be availed.

However, the benefit of permanent disability will remain with ESI holders that have ESIC registration.

If an employee is getting an Unemployment Benefit under the Atal Bimit Vyakti Kalyan Yojna, then there will be no other benefit equal to it.

Under the Atal BIMIT Person's Vyakti kalyan Yojna, your medical benefit will continue even while availing the Unemployment Benefit.

Due to the disqualification of Atal BIMIT Vyakti kalyan Yojna

If an employee and worker are locked out in the factory then they cannot take benefit from this Yojna.

If the employees have made a strike that has been declared ineligible.

If a person has left the job of his own free will or has taken retirement.

If the ESIC contribution period of a person is less than 2 years.

If you are in the age of retirement.

If you have committed a crime.

If you get a job during relief, there will be no further benefit.

But you can take benefit of the remaining relief anytime in the future.

If fired due to misbehavior.

If the BIMIT dies.

So due to all the above reasons, the person will be ineligible to get the benefit of Atal Bimit Vykati Kalyan Yojana.

How to calculate "Atal Bimit Vykati Kalyan Yojana"?

You can calculate how much benefit will be available under Atal Bimit Vykati Kalyan Yojana (ABVKY YOJNA) through the formula given below-

TOTAL OF 2 YEARS SALARY / 730X25X90

Under this, you will get the total amount that comes out for 3 months.

How to claim to get the benefit of Atal Bimit Vykati Kalyan Yojana?

To get the benefit of this, the employee will get a link to "Atal Bimit Vykati Kalyan Yojana" by visiting the portal of ESIC, in which he will have to fill his service information. After that the system will give him two forms FORM AB-1 and FORM AB-2.

 FORM AB-1 is to be filled by the employee and FORM AB-2 is to be filled by his/her employer, and in both the forms the Employer's seal and signature is to be submitted to esic branch office, after which, after being checked by ESIC branch office, If they are able to get it, then they will get the benefit in their bank account.

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We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process.

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We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process.   Employees’ State Insurance (ESI) is a self-financing social security scheme managed by the Employee State Insurance Corporation (ESIC), an autonomous authority created by law under the Ministry of Labour and Employment

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We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process.

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We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process. Contact us - JR Compliance - an action-oriented consultancy firm which solely emphasize on customer-centric approach to meet ESIC registration requirements within time constraints.

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ESI Contribution Management: Ensuring Financial Security for Employees

SLNConsultancy #SLNPFConsultancy #SLNESIConsultancy #slnpfesiconsultancy #PFESI #ESI #ContributionManagement

Employee State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers. Managed by the Employee State Insurance Corporation (ESIC), an autonomous body under the Ministry of Labour and Employment, Government of India, the ESI scheme provides medical care and a range of benefits to employees and their dependents. ESI Contribution Management is a critical aspect of this scheme, ensuring the proper collection, allocation, and utilization of funds.

Understanding ESI Contributions ESI contributions are made by both employers and employees. The rates of contribution are defined by the government and can be subject to change. As of the latest guidelines:

Employer Contribution: 3.25% of the employee's wages. Employee Contribution: 0.75% of the employee's wages. Wages for ESI purposes include all remuneration paid to the employee, excluding certain allowances such as gratuity.

The Importance of ESI Contribution Management Effective ESI Contribution Management is vital for several reasons:

Healthcare Provision: Contributions fund medical care for employees and their families, including hospitalization, outpatient services, and specialist consultations.

Financial Benefits: ESI offers a range of financial benefits including sickness benefits, maternity benefits, disability benefits, and dependent benefits in case of an employee's death due to employment injury.

Legal Compliance: Proper management ensures compliance with statutory obligations, avoiding penalties and legal issues for the employer.

Employee Welfare: Contributing to ESI enhances employee satisfaction and loyalty, knowing they and their dependents are covered for medical and financial emergencies.

Steps in ESI Contribution Management Registration: Both the employer and employees need to be registered with the ESIC. The employer must apply for an Employer Code, and each employee should be provided with an ESI number.

Contribution Calculation: Employers must accurately calculate the contributions based on the employee's wages. This involves determining the gross wages and applying the prescribed rates.

Payment of Contributions: Contributions must be deposited monthly by the 15th of the following month. Payments can be made online through the ESIC portal.

Record Maintenance: Employers are required to maintain records of wages, contributions, and other relevant details. This is crucial for audits and inspections by ESIC.

Regular Updates: Any changes in employee status, such as new hires, resignations, or changes in wages, must be updated in the ESI records promptly.

Compliance Audits: Regular audits and inspections by ESIC officials ensure that employers are complying with the regulations and making accurate contributions.

Challenges in ESI Contribution Management Managing ESI contributions can be complex, involving meticulous record-keeping and compliance with regulatory changes. Some common challenges include:

Administrative Burden: The process can be time-consuming, especially for organizations with a large workforce. Complex Calculations: Accurate calculation of contributions requires a thorough understanding of wage components and current rates. Compliance Issues: Staying updated with regulatory changes and ensuring timely compliance can be challenging. Solutions and Best Practices Automated Systems: Using payroll software can automate the calculation and payment of ESI contributions, reducing manual errors and saving time.

Regular Training: Keeping HR and payroll staff trained on the latest ESI regulations and best practices ensures compliance and efficiency.

Consultation Services: Engaging with ESI consultants or third-party service providers can help manage the complexities of ESI contributions effectively.

Conclusion ESI Contribution Management is a crucial element of employee welfare and legal compliance for employers in India. By ensuring accurate and timely contributions, employers not only comply with statutory obligations but also contribute to the well-being and financial security of their employees. Adopting best practices and leveraging technology can streamline the process, making it more efficient and less burdensome.

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We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process.

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"Startupfino's Expert ESIC Services: Ensuring Compliance for Your Business"

ESI registration, or Employees' State Insurance registration, offers a multitude of benefits for both employers and employees in India. This social security initiative ensures that employees and their families have access to medical care and insurance coverage from the moment they start their employment. 

One of the significant advantages of ESI registration is the provision of maternity benefits, which can extend up to 26 weeks with the possibility of an additional 30 days based on medical advice. Employees can receive maternity benefits at 100% of their wages, covering various aspects of maternity-related situations. 

Additionally, ESI provides disability benefits to employees who suffer permanent or temporary disabilities due to unforeseen circumstances, offering them 90% of their monthly salaries as compensation. Sick leave is also covered, allowing ESI members to take up to 91 days of sick leave per year with 70% of their monthly wages during their absence due to illness.

In unfortunate cases of an employee's demise during employment, their dependents receive 90% of the employee's monthly salary, along with funeral expenses of ₹10,000. Other benefits include confinement expenses for insured women, vocational and physical rehabilitation for those with disabilities, and old age medical care for retiring employees.

ESI has also introduced extended sickness benefits for members with chronic diseases and enhanced sickness benefits for those willing to undergo sterilization procedures.

The primary purpose of the Employee State Insurance (ESI) program in India is to safeguard the workforce against health-related risks that could impact their ability to work. This includes illnesses, workplace injuries, occupational diseases, and temporary or permanent disabilities. ESI ensures that employees and their dependents receive essential medical care and financial assistance in times of need, thereby reducing the financial burden caused by such situations.

ESI applicability and coverage are determined based on various factors, including the number of employees, their monthly income, and the type of business or establishment. Entities covered under ESI must secure ESI registration and comply with the relevant regulations.

To apply for ESI registration, entities must provide specific documents and information, including registration certificates, business entity details, employee details, and more. The process involves online registration through the ESIC portal and payment of advance contributions.

Recent amendments to ESI rules have expanded the coverage to include employees earning up to Rs. 21,000 per month and introduced changes in contribution rates. These amendments aim to provide more extensive coverage and benefits to a larger segment of the workforce.

After ESI registration, entities are required to comply with various regulations, including maintaining employee attendance records, wage registers, accident registers, and submitting monthly returns and challans. These compliances ensure that employees receive the benefits they are entitled to under the ESI scheme.

StartupFino offers comprehensive services for ESI compliances, including registration assistance, guidance on post-registration compliances, preparation and submission of monthly returns and challans, attestation of e-Pehchan cards, legal consultancy, and ongoing support to help businesses navigate the complexities of ESI regulations and ensure compliance. By availing these services, entrepreneurs can avoid legal issues, penalties, and operational disruptions, allowing them to focus on growing their businesses.

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ESIC Registration | ESIC Online | ESI Registration Certificate

We make the ESIC registration process unchallenging. Get your ESI registration certificate now. Click here to know about online ESI registration in India and its process.