Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit, disablement benefit and various other benefits to the employees and their family. The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21,000 are covered under the scheme. However the threshold for Coverage of establishments is still 20 Employees in Maharashtra and Chandigarh. The ESI scheme covers all the states (except Manipur and Arunachal Pradesh) and all union territories (except Lakshadweep Islands).
Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESI contributions paid must be submitted once every six months.
Contribution
The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period. For newly implemented areas, the contribution rate is 1% of wages of Employee and 3% payable by Employers for first 24 months (w.e.f. 06.10.2016) Employees in receipt of a daily average wage up to Rs.137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Documents Required for ESI Registration
Benefits for ESI Registration
Employee's State Insurance Corporation (ESI) is a self-ESI provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits.
If any person wants to do any import or export in india then IEC code is mandatory. No person or entity shall make any Import or Export without IEC Code Number. IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies.
Documents Required
Services Related To Import Export Code Registration
In the GST Regime, businesses whose turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for North-Eastern States and hill states) is required to register as a normal taxable person. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration is mandatory for:-
Documents Required For Registration
MSMEs and SSIs stand for the Micro, Small and Medium Enterprises and the Small Scale Industries, respectively. These MSMEs are regarded as being the backbone of any growing economy, and these collectively contribute substantially to the national outputs in the manufacturing and service sectors, employments, and earnings from exports. For the steady and fast growing Indian economy, the importance of these MSMEs is certainly immense.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support.
Categories Of MSME Enterprises
Micro enterprises– Entities investing less than Rs 25 lakhs in plant and machiney
Small enterprises– Entities investing between Rs 25 lakhs and Rs 5 crores in plant and machinery
Medium enterprises– Entities investing between Rs 5 crores and Rs 10 crores in plant and machinery
Micro enterprises– Entities investing less than Rs 10 lakhs
Small enterprises– Entities investing more than Rs 10 lakhs but less than Rs 2 crores
Medium enterprises– Entities investing Rs 2 crores but less than Rs 5 crores
Documents Required
Business is required to submit copy of sale bill related to each end product that it will supply. Also, for each raw material that it will purchase, a purchase bill has to be submitted.
Every Shop and Commercial Establishment are compulsory required to get Registration of Shop Act in Rajasthan. Shop and Establishment Act is one of the most important State Government regulations which governs the functioning of businesses engaged within its Jurisdiction. for Obtaining Shop Act registration some information and Documents are Required from the Applicant and a Prescribed form and Declaration is Required to be filed by the Applicant to the Department.
Documents Required:-
Rules and Regulations for Rajasthan Shops and Commercial Establishments Act, 1958