Ability to electronically file the monthly return with
particulars of employee-wise contribution.
The number of returns to be filed in a year will be reduced
to 12 from the present 48.
- The process of receipt of contributions and confirmation
of contributions by employers/banks will be integrated and
computerised in order to eliminate missing credits and delays
and consequent inconvenience and increase in cost for the
employer.
- Registration will be streamlined and any employer who
fulfilling the eligibility criteria under the law will be
able to register with EPF and obtain a nationally unique
business number in order to comply with the law without
reference to EPF.
- EPF will give every employer a unique business number
which will be integrated with the Permanent Account Number
issued by the Income Tax Department. This will be a significant
step towards a regime where businesses and trade in the
country use a common business number for economic transactions
as is the norm in developed economies.
- Voluntary compliance will be the norm and enforcement
action will become the exception. EPF will consistently
and consciously move to a regime that encourages and facilitates
trust and voluntary compliance and that seeks to put in
place systems and processes that continually reduce the
representation and compliance cost for law-abiding employers.
- EPF will identify and give recognition to model employers
and put in place systems that give fast track service within
the Organisation to such recognized model employers and
their employees.
- EPF has already rolled back the "Inspector Raj' and
will further bring about systemic changes that will put
in place an IT assisted information driven environment that
compels pro-compliance choices.
- Compliance actions will be focused on delinquency, under-reporting
or non-reporting of employment strength and contributions
and will seek to encourage migration from delinquent categories
to the compliance mainstream.
- EPF will put in place systemic changes that eventually
remove one to one relationship in dealings with EPF with
the creation and strengthening of IT assisted institutional
systems.
- EPF will support the competitive advantage of Indian businesses
by reducing compliance costs.
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