Labour Audit & Consulting

We often suggest our customers for periodic ‘Labour Compliance Audit to ascertain all hidden / probable compliance risk so to minimize compliance risk and to take corrective actions.

Spectra ‘Labour Compliance Audit Services aims to simplify the ‘Labour regulations under Government of India initiative “Ease of Doing Business” to facilitate the entrepreneurs including start-ups with a view to educate and bring them under compliance framework to curtail the unnecessary departmental inspection.

Spectra’s Due Diligence (Third Party Certification) ‘Labour Law Audit services benefits our customer in many ways.

The purpose of labour due diligence is to conduct a comprehensive health check-up from the labour law perspective in order to identify any non-compliances related to the inappropriate application of labour law regulations and to allow our clients to correct these errors and potential deficiencies thereby preparing efficiency for a departmental labour audit.

We follow a systematic approach for ‘Labour Compliance Audit”, which are as follows;

• Identification of Industry wise applicability of labour laws
• Making available / Provide detailed Act wise checklist of applicable labour laws
• Detailed Scrutiny of Statutory Return, Payment Challan and statutory register and records
• Validity of Registrations, Licenses and approvals
• Employee Welfare Scheme & Health and Safety Provisions
• Employers Liability & Financial & Punitive Risk Assessment

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GST Compliances - GST Compliances Services in Gurgaon

Govt. of India introduced Goods & Service Tax on 1 July 2017, with a vision of One India One Tax. Initially it was a matter of debate amongst different political parties, finance & tax professionals, Scholars and Industrialist, whether GST will be a game changer or game spoiler. The idea behind was to bring India on a Global platform by simplifying Indirect Tax Laws by merging central and state taxes so as give equal business opportunity to every Indian state.

The Govt. thrust while implementing GST (Goods & Service Tax) relied more on technology so as to make the process secure, smarter and faster. It helped small & medium entrepreneurs, business houses and industrialist to transform traditional tax reporting / tax filling into electronic filing (e-filing) by way of filing monthly state-wise returns, transaction-level data upload, revenue reconciliation, reconciliation with vendor, GSTN invoice matching etc.

In the initial phase of implementation, every law has to undergo some changes, likewise GST is also not untouched with this evolutions. The frequent changes in GST laws, rules & procedures in the initial phase resulted due to varied Industry representations at GST council which has forced the Law makers to embed changes in GST Laws to stabilise business and Industry. This process is still on and will be continue till GST stabilises. It is very difficult for small and medium entrepreneurs to keep abreast with such changes on regular basis due to lack of proper professional support and process expertise. Spectra sensed & realised there is a definite need of strong compliance partner who can help them to run through the process and implement the procedural and technology changes for managing the GST compliances.

Foreseeing the technology is inevitable for managing compliances under GST, therefore, Spectra joined hands with technology company, Minerva Technologies Ltd. (An IT Partner of Spectra) who has successfully developed and implemented GST Compliance Solutions which are customizable as per requirements.

Spectra manages GST compliances in a very simplified manner and owns the end to end responsibility for GST Compliances. Our methodology is take the relevant ledger dumps and process the input and output liability by reconciling the books of accounts on monthly basis. We prepare periodic customer and supplier reconciliations and report the gaps to accounting team for follow-ups and reconciliations. We handhold our customer for procedural GST changes and assure our customer from all GST compliances.

We notify our customer from time to time about the recent changes in GST Laws. Our GST Advisory and consulting team interact with customer on regular basis to resolve their queries on GST. Apart from GST Advisory services, we undertake GST procedural activities such as;

• GST Registration
• GST Registration Amendments
• Apply and Generating way bills
• Applying LUT (Letter of Undertaking)
• Calculation of Monthly / Quarterly Tax Liabilities
• Input Reconciliation on monthly basis FORM 2A
• Preparing and filling of monthly GST /quarterly return & provide data for Annual Audit
• GST Consultancy and Tax Planning
• Departmental Lesioning& representation in assessment / appeal proceedings

Payroll Outsourcing - Payroll Services in Delhi NCR

Though the Payroll Management is an integral function of HR Department, however, the intricacies involved in payroll processing requires not only core HR expertise but also requires blend of Tax expertise and technological platform to ensure confidentiality, data security, timely delivery and accurate payroll reporting.

Spectra payroll solutions aims to provide seamless payroll services, unparalleled value propositions, ease in payroll operations and minimum human intervention. Spectra payroll outsourcing services constantly strive for 100% customer delight and employee friendly interphase (ESS) with help of latest technology and by offering personalized payroll services and customizable payroll reporting.

Spectra provides centralized payroll outsourcing services to Indian and MNC Corporates on PAN India basis and ensure payroll compliances under Income Tax, Professional Tax, Employee Provident Fund (EPF) , ESI, Labour Welfare Fund etc. Spectra robust Salary process first ensure correctness of input data through prefixed “input validation process” followed by “output payroll validation process” to deliver error free payroll and timely salary disbursement and to conclude post payroll compliance and reporting in a time bound manner.

Spectra comprehensive HR & Payroll solutions answered the question “why to Outsource” by showcasing the real and visible benefits of our Payroll Management services

Spectra varied industry experience in payroll services coupled with highly skilled payroll team and ability to leverage technology enable us to help the HR Team to focus on core HR Activities and to leave all payroll worries to us. Spectra payroll solutions offers:

• Employee Friendly Interphase (ESS) to access self-data anytime anywhere
• Query solution session through dedicated support via automated e-tickets
• Play & Plan your salary TDS without impacting real payroll
• Online submission of tax declaration and other documents
• Timely and error free payroll services and PAN India services
• Real time secured authentication to HR to access Payroll data and reports
• SLA driven approach and customizable reporting
• Integration with any HR and Finance Local / Global platform