Compliance Intelligence & Updates
High-value, actionable regulatory changes, statutory deadlines, and critical industry developments that business owners and HR teams must know.
Supreme Court Extends Deadline for Higher EPS Pension Opt-in
Executive Summary
The deadline for eligible employees to opt for higher pension under the Employees Pension Scheme (EPS) has been extended following the latest Supreme Court directive.
Failure to file joint declarations on time may result in employees losing out on higher pension benefits, leading to grievances and potential HR disputes.
Employers must proactively inform eligible staff and facilitate the filing of joint option forms on the EPFO portal before the deadline.
Recent Statutory Updates
Mandatory GST e-Invoicing Threshold Lowered to ₹5 Cr
The CBIC has announced a reduction in the aggregate turnover threshold for mandatory generation of e-Invoices from ₹10 Crore to ₹5 Crore.
Non-compliance will result in invalid tax invoices, disrupting the Input Tax Credit (ITC) chain for your B2B customers and attracting severe penalties under GST laws.
Proposed Revision of ESIC Wage Limit to ₹25,000
The Ministry of Labour and Employment is reviewing a proposal to increase the ESIC wage threshold from the current ₹21,000 to ₹25,000 per month.
An increase in the threshold will bring a significant number of additional employees under the ESI scheme, increasing the monthly employer contribution expenditure.
State Readiness for the 4 New Labour Codes Implementation
Several states have finalized draft rules for the Occupational Safety, Health and Working Conditions Code, signaling a nearing implementation date.
The consolidation of 29 central labour laws into 4 codes will fundamentally alter wage definitions, working hours, leave policies, and contract labour regulations.