Statutory Compliance Checklist for Manufacturing Industry in India
⚁ Checklist for Statutory Compliance Maintenance:
1. Obtain and maintain all necessary licenses and registrations as required by the Factories Act, 1948, and other relevant laws.
2. Display all statutory notices and information in the workplace as mandated by law.
3. Comply with labor laws regarding working hours, wages, overtime, holidays, and other provisions.
4. Maintain accurate and up-to-date records of employee attendance, wages, and other relevant information.
5. Ensure compliance with health and safety regulations, including providing a safe working environment and necessary protective gear.
👩‍💼 Returns to be filed:
- Monthly:
- Provident Fund (PF) returns
- ESI (Employee State Insurance) returns
- Quarterly:
- TDS (Tax Deducted at Source) returns
- Professional Tax returns (if applicable in the state)
- Half Yearly:
- GST (Goods and Services Tax) returns
- Labour Welfare Fund returns
- Yearly:
- Income Tax returns
- Annual returns under various labor laws
🔵 Ensure to maintain a meticulous record-keeping system to track compliance with all statutory requirements and deadlines. Non-compliance can lead to penalties and legal consequences. It's advisable to seek guidance from legal and HR experts to stay updated with any changes in labor laws.
This checklist and returns outline are crucial for ensuring legal compliance and smooth operations in the manufacturing sector in India. Regular audits and reviews of compliance practices are recommended to avoid any legal complications.