Reporting and Compliance

Regulatory compliance in India involves an organisation’s adherence to laws, regulations, rules and specifications relevant to its business processes. It regulated a vast arena of monitoring and implementation processes.

Compliance reporting produces a documented summary of an organisation’s compliance status aligned with industry standards, relevant laws, corporate policies and regulatory requirements.

Tax compliance is the willingness of an individual or taxpayer to follow the tax rules, report their income accurately, and pay the appropriate taxes on schedule.

And thus pay the taxes he is legally bound to pay. For every government aiming for tax revenue mobilisation, a law (tax) abiding public is always an asset.

The compliance portal is the dedicated portal operationalised under Project Insight to enable e-verification (i.e. capture of response on specific compliance-related issues in a structured manner) for effective compliance monitoring and evaluation.