Payroll Services in Delhi NCR | Recruitment Services Faridabad

Spectra provide end to end payroll and HR ‘Labour Compliances Services to Small and Medium Indian and MNC’S corporates on PAN India basis. Spectra Payroll and compliances team consist of qualified and experienced professionals from varied backgrounds to provide real life solutions. Our methodology is to understand the existing process and fine tune to best suited process. Our SLA (Service Level Agreement) driven approach and our 100% commitment for confidentiality make us preferred and trustworthy service provider amongst our customer.

Spectra Payroll solutions are cost effective and eliminate human dependency to great extent by leveraging technology. Our Payroll and HRMS Solutions are customizable as per customer requirements and have 24×7 access any time anywhere.

The frequent changes in numerous State / Central ‘Labour Laws, government initiative of automation of ‘Labour returns, government focus on 100% compliance and non-tolerance policy on non-compliance have made the entire compliance process a must do actions item for every corporate.

Spectra understands the importance of compliances and leave no scope for non-compliances while working with any existing or potential customer. Spectra provides HR ‘Labour Compliance services on PAN India basis through a wide network of local compliances partners / associates. Our dedicated central compliance team as a single point of contact and font for local compliance partner & company HR team on regular basis as single point of contact to ensure all aspect of compliances.

For More Info : Click Here : Payroll Services in Delhi NCR | Recruitment Services Faridabad | Spectra

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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

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