Wok culture in the present era depends upon the working conditions of employees with their employers scrambling to ensure their employees get the best care, benefits, and sense of safety and security. The government of India has taken the initiative to offer the employees benefits of social security irrespective of organization or sector they are employed in. Employee Provident Fund is a scheme regulated under EPFO that stands for Employee Provident Fund Organization. EPFO was introduced and operated under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Being employed in a company, have you ever noticed a 12% deduction under the PF head mentioned in your salary slip? That is the part of mandatory compliances that your employer/organization adhered to. To avail the benefits under this act, it's the responsibility of the employer to follow a set of rules and instructions laid out, getting registered under EPFO being the first step. The pr...

BIS stands for the Bureau of Indian Standards that ensures the products or goods traded within India are secured, safe and reliable. BIS conducts the surveys and testing through its laboratories set up across all over India. BIS has a total of eight central, four regional and three branch laboratories for testing the samples during preliminary and surveillance operations. International Standardization Organization is an international agency for regulating the safety of products that are provided to the general public for consuming and is responsible for publishing the standards which shall be adhered to by the products. BIS  is an Indian version of those Standards. Online BIS Certification is promoted by the Indian Government to encourage the following purposes: It ensures to safeguard public health BIS certificate ensures quality assurance To protect the general public from hazards To promote consumer confidence Mandatory BIS Certifica...

There was a layer of tension amidst business people across the country when came in the announcement of replacing the cascading tax system with all new GST (Goods and Service Tax). More than two years have passed now people are trying to adapt the reform, facing troubles but also clearing them with ease. This article deals with one such issue faced by the businessmen – How to surrender GST number? It simply means that a registered taxpayer shall not be registered under the GST Act anymore, neither paying nor collecting GST. The GST registration certificate or the number can be applied for cancellation due to wrongly registration under GST, if the annual turnover of your company is not more than 20 lacs (unregistered purchase and sale total), closing or shifting of business/profession, or any other valid and applicable reason. In case you have voluntarily registered under GST, the cancellation application form can be filled only after completing one year from the registration da...