Now firms can file single return to comply with 8 laws
To comply with as many as eight labour laws, firms can now file a single unified return under a new online facility launched by the labour ministry on Friday.business Updated: Apr 24, 2015 23:24 IST
To comply with as many as eight labour laws, firms can now file a single unified return under a new online facility launched by the labour ministry on Friday.
The move, the ministry said, will improve the ease of doing business and reduce costs.
“Instead of filing multiple returns, now they (firms) can file single unified return which will reduce cost of business transaction,” labour minister Bandaru Dattatreya said after launching the facility on ShramSuvidha portal here.
He said it will also push government’s ‘Make in India’ programme.
“As many as eight returns under labour laws would be covered under this single unified return. The remaining two returns filed with EPFO and ESIC would also be brought under the scheme in few months,” labour secretary Shankar Aggarwal told reporters here. He said the filing of the EPFO and ESIC returns include making payment towards the social security schemes run by these bodies, therefore it would take sometime to bring those under this scheme eventually.
First Published: Apr 24, 2015 23:14 IST