Digitisation of Labour Law Compliance - A Paradigm Shift
The Cochin Chamber of Commerce and Industry conducted the CEO Forum’s – 5th Breakfast Meeting on Friday, 3rd May 2019 at Taj Gateway Hotel, Ernakulam. The Guest Speaker at the meeting was Mr. Madhu Damodaran, Business Head, CoAchieve Solutions Pvt. Ltd., Bangalore.
Calling the meeting to order, Mr. V Venugopal, President of the Chamber delivered the Welcome Address and introduced the Speaker of the day.
Ms. Nisha Menon, Director - Tax, PwC India gave the "Quick Bytes" on the Kerala Commercial Taxes Amnesty Scheme.
Mr. Damodaran’s talk was on the “Digitization of Labour Law Compliance – A Paradigm Shift.”
In his talk, Mr. Damodaran spoke about the introduction of UAN in 2014, online generation of the temporary insurance card, online submission of the half-yearly returns and online registration of the ESIC.
Mr. Damodaran said that Professional Tax remittances are online in almost all the States and CLRA registration and licensing is online in Gujarat, Maharashtra, Jharkhand, Chattisgarh, and Karnataka. There is also a Central Licensing Platform to get all the registrations under Central CLRA rules, he added.
He explained in detail the One-Stop-Shop for Labour Law Compliance, Simplification of registers and forms, Simplification, amalgamation and rationalization of Central Labour Laws etc.
Mr. Damodaran also highlighted the challenges in digitization of labour laws like evidence management, fast-changing laws and checklists and the volume of data to be managed. With changes being made in the registration and filing procedures, the need for systematic management is of prime importance, he said.
He also explained the pitfalls in the Current Compliance Delivery and the parameters companies are looking forward to improve, namely Security and Process Control, Process Improvement, Document Management, Data Analytics, and Modelling, etc.
Mr. C S Kartha, Past President of the Chamber presented a Memento to Mr. Damodaran.
Mr. S P Kamath, Executive Committee Member of the Chamber proposed the Vote of Thanks.
The interactive session concluded by 10 a.m with breakfast.