The document discusses requirements for submitting proper invoices and documentation for work done by vendors. It provides guidance on:
1) How to prepare digital invoices and ensure they are properly signed and submitted through the SCM portal.
2) The process for entering job measurement sheets (JMS) and creating backup sheets to document work completed.
3) Required human resources and compliance documents including wage registers, PF/ESIC payment details, and attendance sheets that must be certified and attached for payment.
4) Filling out GSTR1 and GSTR3B returns monthly to ensure accurate GST reporting and release of payments. Proper matching of invoice details to the returns is emphasized.
TDS related slides and how to file TDS returns and correction or modification on tds return. what is PAn what is TAN, issues faced during tds returing filling, corrections based on the notice received from income tax departments,
income tax payments, notices related to income tax and tds returns
Samarth Associates - Payroll & Labour Law Outsourcingsamarthassociates
We Samarth Associates, hereby introduce us as an Outsourcing firm in below mentioned services:
Labour Law: Registration & Maintenance of various labour law enactments like ESI, PF, Ptax, LWF etc.
Payroll Process: Process & provide the various MIS related to monthly payroll like Cost centre Salary MIS, Payslip etc.
Employee Benefits: Setup of Gratuity Trust and related correspondence, Valuation of Gratuity & Leave Encashment, Framing benefits policy for Company. Providing awareness among employee about various Retiral /death benefits.
Company Registration: Our well qualified CS take part in end to end Company Registration formality.
Tax Benefits: Provide information about various tax planning sources by conducting sessions.
Government Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. The ICP reconciles actual costs incurred with amounts billed against each contract. The reconciliation includes direct costs and allocated indirect costs. Completion of the ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question.
Learning Objectives
1. Identify the requirements for submitting an ICP
2. Define the contents of the ICP
3. Locate resources for completion of the ICP
4. List common mistakes when completing the ICP
www.leftbrainpro.com
GST - CGST, SGST, IGST, UTGST
Rate of TDS, Value of supply on which TDS shall be deducted
How can the Deductee claim the benefit of TDS?
Refund of the excess amount deducted
Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. The ICP reconciles actual costs incurred with amounts billed against each contract. The reconciliation includes direct costs and allocated indirect costs. Completion of the ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question.
Learning Objectives
1. Identify the requirements for submitting an ICP
2. Define the contents of the ICP
3. Locate resources for completion of the ICP
4. List common mistakes when completing the ICP
E filing of income tax returns & tax audit reports for A.Y. 2013-14Ameet Patel
The Income-tax department of India has made several changes to the e-filing provisions for tax returns. These have added considerable responsibility on tax payers and their Chartered Accountants. The presentation talks about the changes to the e-filing requirements that are effective F.Y. 2012-13 (Assessment Year: 2013-14)
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
TDS related slides and how to file TDS returns and correction or modification on tds return. what is PAn what is TAN, issues faced during tds returing filling, corrections based on the notice received from income tax departments,
income tax payments, notices related to income tax and tds returns
Samarth Associates - Payroll & Labour Law Outsourcingsamarthassociates
We Samarth Associates, hereby introduce us as an Outsourcing firm in below mentioned services:
Labour Law: Registration & Maintenance of various labour law enactments like ESI, PF, Ptax, LWF etc.
Payroll Process: Process & provide the various MIS related to monthly payroll like Cost centre Salary MIS, Payslip etc.
Employee Benefits: Setup of Gratuity Trust and related correspondence, Valuation of Gratuity & Leave Encashment, Framing benefits policy for Company. Providing awareness among employee about various Retiral /death benefits.
Company Registration: Our well qualified CS take part in end to end Company Registration formality.
Tax Benefits: Provide information about various tax planning sources by conducting sessions.
Government Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. The ICP reconciles actual costs incurred with amounts billed against each contract. The reconciliation includes direct costs and allocated indirect costs. Completion of the ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question.
Learning Objectives
1. Identify the requirements for submitting an ICP
2. Define the contents of the ICP
3. Locate resources for completion of the ICP
4. List common mistakes when completing the ICP
www.leftbrainpro.com
GST - CGST, SGST, IGST, UTGST
Rate of TDS, Value of supply on which TDS shall be deducted
How can the Deductee claim the benefit of TDS?
Refund of the excess amount deducted
Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. The ICP reconciles actual costs incurred with amounts billed against each contract. The reconciliation includes direct costs and allocated indirect costs. Completion of the ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question.
Learning Objectives
1. Identify the requirements for submitting an ICP
2. Define the contents of the ICP
3. Locate resources for completion of the ICP
4. List common mistakes when completing the ICP
E filing of income tax returns & tax audit reports for A.Y. 2013-14Ameet Patel
The Income-tax department of India has made several changes to the e-filing provisions for tax returns. These have added considerable responsibility on tax payers and their Chartered Accountants. The presentation talks about the changes to the e-filing requirements that are effective F.Y. 2012-13 (Assessment Year: 2013-14)
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
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2. Major Defective reasons
Invoice number should be with in 15 Digits.
Period of Service date should be lesser than invoice date.
SAC Code Mismatch.
Total amount in words mismatch.
Description of service mismatch.
Ship to Party / Bill to party name should be Reliance Project
& Property Management Service Limited.
4. Step 1 : Prepare invoice soft copy as per JMS value.
Step 2 : Convert excel file into PDF Format & save it.
Step 3 : Insert Digital Signature drive & Install into the system.
Digital Invoice
5. Step 4 : Open PDF invoice, Go to “View” Select “Fill &
Sign” Click on “Place the Signature”.
Digital
Invoice
6. Step 5 : Drag the Signature where the signature
to be appeared & Save the file.
Digital
Invoice
7. Step 6 : Enter the Digital sign
password
Digital
Invoice
9. Login with your Vendor code & Password on scm.ril.com
Select JMS Create / Update
Select Type – “OTC”
Select WO No.
Select Line Items (1,2,3,4…. ETC) one by one.
Select Service code & Click all service codes and submit.
10. Post previous process service codes will
appear for create back up sheet. Back
up sheet to be create for available
balance quantity only.
11. • Select Create Back up sheet & Fill below highlighted.
• For RA Bill – Select service period date from JMS creating
Example Service period is 01.06.2020 to 30.08.2020, if you
creating JMS on 23rd of June, then service period date will be
01.06.2020 to 23.06.2020.
12. For Final Bill – Service Period to be entered as per actual
work executed & same to be mentioned on Invoice.
Note : Actual service period should be between WO Service
Period.
Example : WO Service period is 01.06.2020 to 30.08.2020 but
while posting JMS actual service period to be mentioned. Else
HR Compliances to be arrange for as per service period. Once
post invoice on SCM portal service entry will be booked as per
JMS Service period & No changes will be done through
manual.
Site Name & Format to be entered in Location.
Basic unit of Measures to be specify in Geometry with
related to service codes.
Like : Length in Meters, Number, Feet, KG Etc.
13.
14. Post entering correct Geometry and Quantity, Click on Add
button & Submit.
Then Qty will be displayed in backup sheet.
For each line same procedure to be followed.
After entering back up sheet against all line items. Certified
M Book & Abstract sheet to be attached on JMS
(Mandatory). (Contractor, EIC & CH should sign on each
page along with Date)
Note : Kindly check WO Service codes & Quantity before
creating JMS. In Final WO few line items will get deleted &
DON’T ADD THOSE DELETED & ZERO LINE ITEMS FOR JMS
POSTING. SAME WILL BE NOT ALLOWED TO POST TAX
INVOICE.
16. Select JMS Create Invoice
Select WO NO, Plant, Invoice No., Invoice Value (JMS value is
always excluding GST Value – While preparing invoice GST to
be add), Short Desc, Invoice date.
Click on “Choose File” & Upload Digital invoice & Click on
Digital invoice tick mark
Give Name to uploading file & Click on Upload button.
Tick JMS no & Submit invoice, you will get automated mail
with “Invoice posted successfully”.
JMS Tick mark
Submit invoice button
19. Annexure 1 Format
NAME & ADDRESS OF
CONTRACTOR NAME & ADDRESS OF PRINCIPAL EMP
WAGE PERIOD FOR THE
MONTH
NATURE AND LOCATION OF
WORK
EARNINGS DEDUCTION
SL NO
NAME OF
WORKMEN ESIC IP NO UAN Number
DESIGNATION
/NATURE
OFWORK DONE Skill Level Category NO OF DAYS WORKED OT RATE OT HOURS Basic+DA HRA Conveyance Bonus OVER TIME
Addl.Allowance if any
other than specified here
under the heading "
Earning"
NATURE OF
PAYMENT Gross Salary PF ESI
Gross
Deduction Net Salary
SIGNATURE
/ THUMB
IMPRESSIO
N
INITIAL OF
CONTRACT
OR/ HIS
REPRESENT
ATIVE
A B C D E F G H I J K L M N O P
Q=J+K+L+M+N+O
+P R=12% OFJ S=1.75% OFQ T=R+S U=Q-T V W
eg.
1 HARI MASON SKILLED 29 87.5 8 10150 700 10150Cash/ Cheque 21000 1218 367.5 1585.5 19414.5
2
3
SO ON
TOTAL
SUBMITTED BY VERIFIED BY EIC/HIS REPRESENTATIVE
CONTRACTOR (stamp & seal) NAME ##
NOTE :
1. PF EMPLOYEE CONSIDERED AS 12 % OF BASIC + DA
2. ESIC EMPLOYEE CONSIDERED AS 1.75 % OF TOTAL WAGES
3. CONTRACTOR SHALL SPECIFY SKILLED CATEGORY IN COL "F" ( Like Skill / Seme Skilled/ Unskilled)
4. CONTRACTOR SHALL SPECIFY DESIGNATION / NATURE OF WORK EXECUTED BY THAT INDIVIDUAL IN COL "E" ( Like Mason/ Carperter etc)
5. FORM 11 SHALL NOT BE ACCEPTED . ALL LABOURS WORKING AT SITE SHOULD BE - PF/ESIC COMPLIANT
6. BONUS PAYMENT TO THE EMPLOYEES DEPLOYED BY THE CONTRACTOR ARE MANDATORY @ 8.33% OFTHE MINIMUM WAGES (MINIMUM WAGES OR RS.7,000/-,WHICHEVER IS HIGHER). THIS SHOULD ALSO BE PAID MONTHLY TO ENSURE CONTROL ON PAYMENT OF BONUS
7. EMPLOYER CONTRIBUTION OF PF & ESIC ARE NOT SHOWN IN ABOVE LIST. SAME SHALL BE COMPLIED WHILE DEPOSITING CONTRIBUTIONS TO AUTHORITY . PF EMPLOYER CONTRIBUTION IS CONSIDERED AS 13.15%(INCLUSIVE OFADMIN CHARGES) OF BASIAC+ DA.
ESIC - EMPLOYER CONTRIBUTION IS CONSIDERED AS 4.75% OFTOTAL WAGES .
8. THE COMPLIANCE % AS SHOWNABOVE IS AS PER PREVAILING RULE AS ON DATE . ANY AMENDMENT/CHANGES/ ADDITION/ DELETION SHALL BE ADHERED TO .
WAGE REGISTER
20. ABSTRACT FOR PF/ ESIC COMPLIANCE ANEXURE-2
PROJECT NAME LABOUR COMPONENT (LC) AS PER ORDER
INITIAL WORK ORDER
VALUE
WORK ORDER NO
NAME OF CONTRACTOR
Sl No RA BILL Service Period Gross Bill Value
TOTAL WAGES =BAIC + DA +
OVERTIME + ALLOWANCES
LABOUR COMPONENT =(E/D)*100 BASIC + DA
THERITICALLY PF TO BE
SUBMITTED ( 25.15% of G)
ACTUAL PF SUBMITTED (
Employeer + Employee)
THERITICALLY ESIC TO
BE SUBMITTED ( 6.5% of
E)
ACTUAL ESIC
Submitted
A B C D E F G H I J K
1 Initial WO Value #DIV/0! - -
2 #DIV/0! - -
3 #DIV/0! - -
4 #DIV/0! - -
5 #DIV/0! - -
6 #DIV/0! - -
-
TOTAL
- -
#DIV/0!
- - - - -
HOLDUP AMOUNT IF ANY
PROPOSED BY RECOMMENDED BY CONCURRED BY APPROVED BY
NAME NAME RAJESH SHETE MURALI RAMA
SITE QC EIC NHQ HEAD-CONTRACTS
ATTACHMENT
1.WAGES REGISTER certified by Vendor &verified by RIL
2.Wages shall be as per prevailing rate of Minimum wages notified by appropriate Government for the state
3.Electronic Challan as Proof of Payments to the authority to be provided by vendor for PF & ESIC compliance
Annexure 2 Format
21. Annexure 1 & 2 will helps to HR Clearance for smooth
payment process while final bill submission.
Annexure 1 / Wage Register to be certify from Site Engineer.
Annexure 1 & 2 to be submitted at the time of RA Bill so
that we can cross check & correct for any mistake.
Annexure 1 covers major mistakes as follows:
A. PF Calculation.
B. ESIC Calculation.
C. No of Labors should match WO weightage.
Annexure 2 covers major mistakes as follows:
A. Labour Component should be around 6% of each WO.
B. PF & ESIC payment should be as per attendance sheet only.
Annexure 1 & 2
25. HR- IR Complete Document
Along with Below Documents LC % & Minimum Wages to be
cover as per state wise. Wage Register required in PDF & Excel
format.
Service period Aug'18 Sep'18
Wage Register Required Required
Attendance Required Required
PF Combined Challan Required Required
PF ECR Required Required
PF Acknowledgement Required Required
PF TRRN Details Required Required
ESI Contribution Required Required
ESI payment slip Required Required
26. GST Compliances
As per government standard GST compliances linked against
each invoices. GSTR1 & GSTR3B to be done against all
submitted invoices. After filled GSTR1, same will be reflecting in
our GSTR2A then Systemised GST Block will get released.
Kindly upload GSTR1 on 1st of every month. (Due date will
be 10th)
GSTR3B to be filled on 11th - 20th of Every month.
28. Major check list to be filled correctly as per GST Standard
Recipient GSTIN No. & Vendor Invoice No. & Invoice
date & Value should be match with “Tax Invoice”
GST Calculation & Basic amount also match with “Tax
Invoice”.