Recommendations of GST council related to changes in GST rates on supply of goods and services

Recommendations of GST council related to changes in GST rates on supply of goods and services

The 39th GST Council meeting held on 14^th March 2020. GST Council took the following decisions relating to changes in GST rates on the supply of goods and services.

1. The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the GST Council for discussion. The Council had a detailed discussion on the matter. Upon discussion, the Council made the following recommendations.

(a) To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%

(b) To deliberate the issue of calibrating the rate in other items for removing inversion in future meetings with further consultation and examination of the issue.

2.         GST rate on all types of matches (Handmade and other than Handmade) has been rationalized to 12% (from 5% on Handmade matches and 18% on other matches). This would address the classification issues. This issue was deliberated earlier in the 37th meeting and was pending for decision.

3          To reduce GST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC and to change the place of supply for B2B MRO services to the location of recipient. This change is likely to assist in setting up of MRO services in India. Domestic MRO will also get protection due to 5% tax paid under section 3(7) of the Customs Tariff Act, 1975 on most imported goods (sent abroad for repairs) as this tax is not available as credit.

Compliance Mantra will help the organizations to get the latest amendments, rules, and regulations regarding all the Compliances so that there will be no hassle.  Regulatory Compliance Management Software program from Compliance Mantra takes care of compliance in respect of various applicable laws, regulations and various guidelines, simultaneously pointing out or detecting issues of non-compliance along with undertaking appropriate corrective actions.

 

Compliance Mantra : A Real Case Study

One our client expressed his inability to establish control over statutory compliances done by its branch offices, depots & plant etc. They also expressed the fear of missed compliances at multi locations, lack of knowledge of due dates among employees. The most interesting fact that was disclosed was that 10 days in a month are gone for compliances & rest 15 days for compiling & sending the status report to management.

How the IT Solution helped them?

   Our IT Solution "Compliance Mantra" was installed. Now its users across all locations get alerts via email before the set internal target date & statutory due date. Seniors can view the pending & overdue compliances of their respective team & departments at any point of time. One click report is available across various viewing options like user wise  , department wise , location wise , act wise etc .

Other important features those are very useful

• The auto report generation function helps teams to extract graphical representations based reports for the review by management.
• Furthermore, it act as a system by management for Internal Financial Controls as required under Section 134(5) of Companies Act 2013
• The easy to understand screen of the software helps in fast acceptability & effective use by teams all over.
• Data management in different ways help in getting reports as per company, employee, Laws & authority, etc.

How compliance management helps organisations manage their compliances?

Compliance Management System, (CMS) provides an essential foundation of any organization as it develops the execution plan for rolling out, monitoring, and communicate on several vital aspects of the company.

A good Compliance Software can address the risks while meeting multiple regulatory requirements. It also shed new light on problems and can fix those issues before they turn fatal for the organization.

An effective Compliance Software is comprised of three interdependent elements. Board and management oversight, compliance program and compliance audit.

For various organizations, regulatory compliance management software systems are irreplaceable tools for managing internal or external regulatory inspections of quality processes.

Compliances can be statutory compliances covering tasks required under different laws to be abide by the organisation or they can be administrative or an internal compliance of the organisation.

The web solution apart from compliance management helps in task management, document management & is an apt reminder program. Further, it aids the customer in managing risks and generating awareness with regard to new legislation.

Therefore an effective Compliance Management Systems ensures compliances with applicable laws, regulations, and guidelines while also detecting instances of non-compliances and facilities taking corrective measures.

A compliance management helps organisations manage their compliances which are very necessary for smooth functioning and growth of the organisation.

Concepts of Compliance Management

All the organisations are adherent to laws of the land. They are obliged to follow statutory and internal laws along with regulations, acts, circulars, compliance, tasks etc.

There are various software programme like the one from Compliance Mantra available which smoothen this process. These web-based programmes give a global way of compliances, by way of task & document management, timely reminders, notifications, alerts etc. these software are designed to periodically review, schedule, allocate  & complete various compliance practices prevalent world over.

Different laws need compatible & statutory compliance by Regulatory Compliance Software Companies. Complianceis both country-specific or internal or administrative of a particular firm. Further, additional benefits of web-basedRegulatory Compliance Software Solutionsare about task management, document management as also it acts as a periodical reminder of various pre-set tasks. Risk management and follow up regarding new legislation are other significant roles of the program.

Therefore, Regulatory Compliance Management Software program from Compliance Mantra takes care of compliance in respect of various applicable laws, regulations and variousguidelines, simultaneously pointing out or detecting issues of non-compliance along with undertaking appropriate corrective actions.

Various laws to be complied with by the firms are:

• General laws,i.e.Corporate, Taxation, Industrial & Labour laws, Environment laws, Factories act
• Event-based laws are Intellectual Property Laws, custom & foreign exchange laws
• Sector-specific laws 
• Segment wise laws consist of various industry-specificlaws such as in FMCG, Engineering, construction, hotels, drugs, textiles and numerous other industries
• State wise laws – Labour Welfare, Shops and commercial establishment Act, etc.

Regulatory Compliance: The Biggest Challenge

India has been steadily growing on the economic front for the past few decades. Though we are pacing towards development but still the development rate seems to be a tad bit lagging behind but what as to could be the reasons accountable for the same? What are the probable aspects of easing out business practices? How can things be put up on a well-planned, systematic front? How could things be more accountable? Well, undoubtedly these are important questions in today’s scenario given the corruption rate in India and the unaccountability of a well-planned system that deciphers out the same.

The Way Ahead
The technical jargon to all the questions above is a Regulatory Compliance Management Software, which is challenging in itself as it is an ever-evolving process found at all business levels- be it big or small and compliance needs to be addressed at both strategic and tactical levels because an insight into these problems and thereby adopting preventive measures saves money, time as well as ensures a system that is future-complaint.

The Need of Compliance Software
Regulatory Compliance Software Solutions offers great value in tracking and monitoring all statutory and internal compliance-related issues and the same can be said about Compliance Management Software, the CMS Tool offering seamless integration by providing a central platform empowering business on a systematic basis with full accountability and in turn expanding new business horizons.

A Clear and targeted approach to Compliance Policies
Regulatory Compliance software, like the CMS Tool has a precise reach ensuring compliances with applicable laws, regulations, and guidelines while also detecting instances of non-compliances and facilities taking corrective measures. Compliances can be statutory covering tasks required under different laws to be abdicable by the organization or they can be administrative or an internal compliance of the organization so that efficacy of management is never compromised, giving a statistical comprehensive report analysis, having such a feature that is readily accessible anywhere with full tractability of compliance requirements so that productivity is never compromised based on the above metrics.

Calculated Business Costs
This Regulatory Compliance Management Software Solutions is effective as a compliance program that it has a regulatory requirement that its use could control unexpected additional costs as well as reduces non productive time of responsible teams, fulfilling the targets of the organization as well as maintaining a track record of all activities with regular alerts and updates of tasks as well thereby cutting the unexpected and incalculable revenue losses suffered by organizations.

Consolidated, Centralized Reports
For a Compliance Solution it is very necessary to evaluate the right software for reporting and monitoring needs so that smart reports give you real-time information about the progress or the lacunae of your organization as well as creating a backup data which could be retrievable anytime and anywhere by the person having access to all the logs and this feature is readily supported by this Compliance Management Software that helps in increasing productivity and efficiency of the organization thus aiding the customer in managing risks and generating awareness with regard to new legislation.

Comprehensive Solution for Companies in your Industry

ComplianceMantra is a unique and comprehensive solution for companies in your Industry. It offers great value in tracking and monitoring all your statutory and internal compliance related issues.

Under the compelling new Government rules and the New Companies Act2013 being enforced in recent times, there are wide range of compliances, related to

• MCA & RoC related laws
• Labour related laws (EPF, ESI, Wages etc)
• Environment, Air, Water Protection laws
• Income, Sales, Service, VAT Tax related obligations to both State and Central Govt
• Also, it is mandatory for a company to implement a Compliance Management Software for such purposes
  

And many more....

Through ComplianceMantra, you get the MIS reports, thus enabling you to have accurate and real-time status of every compliance. Some key reports are -

• Compliance Control Report - Ensure all compliances are defined & none is missed.
• Company Wise Report - Location Wise Pending due and Overdue compliances.
• Act Wise Report - Statutory Act wise Compliance Task reports.
• Department Wise Report - Task Status - Pending due and Overdue Department wise.
• User Wise Report - Employee wise Pending due and Overdue compliances.
• Monthly Compliance Report - Monthly status of your compliances.
  

Compliance Management Software Helps to Your Business........

Compliance Mantra provides a platform whereby user can define the compliance requirement as per their business or operations. He can schedule the compliance submission targets for decades to come. The software provides the feature to allocate the responsibility of the compliance issue. The best part of the software is that it organizes your submissions and generates alerts for the due and overdue compliance's.

The common issues that businesses face, is to, meet the deadlines at the specified date, to ensure no penalty. Organizations with various companies and agencies have too much compliance to meet.

Monitoring and tracking compliance against their target dates is at time unmanageable. To sort the problem, Compliance Mantra is designed, which will give the user the discretion to track their due dates and actual compliance.

The user can enter the compliance by assigning the responsibility, target date and due date of submission. The software very easily throws alerts of its submissions, pending or dues etc. The user can also upload compliance documents and the acknowledgments for future reference and records.

It gives reporting on various parameters like; agency wise compliance report; company wise compliance report; responsibility wise compliance reports; department wise compliance reports etc.

The software works on team collaboration concept, where management/users can view compliance done by other and can suggest remarks and comments. The software throws alerts for any pending job. The user can actually create a library of files (database), which may be required at any point of time in the operational work as proof. People can access the documents attached. Monitoring and tracking of the compliance, is one of the stand alone feature that sets Compliance Mantra aside of the others and giving automation to the current working systems.

Are You Worried About the Challenges for Compliance Tracking & Monitoring?

Challenges	Solutions
Multi location compliance monitoring is a challenge	How if, sitting at any location, you can monitor compliance for all locations
Multiple people handling different compliance issue – how to ensure timely submission is a challenge	What if you could track all responsible person’s compliance status at one go
No mechanism to give alerts to meet the deadline is a challenge, need to maintain files	How if, you could see your own alerts and other employees compliance alerts at one single click
Defining requirements every time increases manual work	What if, a solution, gives you an option to define compliance only single time for years to come
Documents submitted is lost some times in files	How if, if you can upload your file into a system for future references
Not able to see compliance MIS company wise, location wise and person wise	What if a system gives you MIS on all the combinations of your choice like company wise, location wise, agency wise etc.
Timely check of the compliance issues done on time could not be possible, as it involves lot of manual and paper work	What if a solution gives you a chance to control all the compliance to done on time without any loss of information and ensure no penalty of late doing
For all Challenges One Solution	Compliance Mantra

Raising The Bar Of Corporate Governance

In today's competitive world , every company is growing at a very fast pace. Everybody is thinking of about diversification and growth, how to make their business better and bigger. But in the race of becoming the number one, they forget to consider all the laws and regulations that have been setup for them to work properly and in orderly manner. People tend to forget about these statutory norms and often it leads to them facing harassment and unknown penalties.

Compliance Management software is one of the major tasks in a company. The organization, in order to perform its business operations smoothly, must comply with every legal and statutory compliance. Delay or non-compliance of even one issue can result in heavy losses and penalties. To make sure that such event do not occur, companies need a compliance tracking and Compliance Management software.A compliance tracking software is an effective tool to monitor the status of every compliance, make sure that each compliance is being done on time, and if not, the employee responsible can be contacted for the tardiness.

The Statutory Compliance Management becomes a herculean task for the public listed companies. As per the statutory requirements of the Listing Agreement, every Indian listed Company have to submit a quarterly compliance report with a detailed compliance report on Corporate Governance as per the prescribed format to the stock exchanges. Any non-compliance of mandatory requirement of this clause with reasons should be specifically highlighted in the report.

For a multi-location company, the no. of compliances increases exponentially. Such norms and regulations are diversified on the basis of their department, responsible employee, Compliance Act etc. For the top management, keeping a track of such vast no. of compliance is a bit daunting task. At this point, it is imperative to have a Compliance Tracking software. We need a software that would help to manage all our legal, statutory and internal compliance's and would act as a central monitoring system, thus enabling a common platform across the whole company and creating a standard monitoring system.

Top management can access any report which generated in the Compliance management tool from any geographical area, at any time. Main feature of this tool is to save non productive time of responsible team by gathering information at the time of audit or at any specific time.There are many services available in the market keeping in mind the need of Compliance Management software for the compliance's. But, in order to be successful, the companies must be open to adopt the change that the system will bring about. The organization must be willing to invest in IT infrastructure and applications to standardize it s business operations and inculcate best management practices among its employees.

Resource

Why Compliance Software is Important ?

In today's world, the need to follow laws and regulations is getting stricter and the authorities are keeping a watchful eye over every legal and statutory issue. The Government is looking for any and every opportunity to grasp on any wrong doings or non-compliance. There is vast number of legal and statutory norms and compliance s that need to be followed by every organization, in order to smoothly perform theory business operations. Violations of any compliance will lead to penalties of different sorts, harassment and in extreme case, legal prosecution of the key personnel.

Compliance software is a powerful tool to track and monitor the status of every compliance applicable to a company. Such software gives the management a holistic view of the status of all compliance, can know which are pending which are overdue and which are done. Having a centralized database for all nature of compliance gives better internal coordination and communication. There is effective management of teams at different locations based on availability of uniform format and centralized control.It also has strong MIS system for the senior management to control the task in its entirety throughout the organization irrespective of the physical location and department.

In order to avoid any kind of unknown delays and avoid our self from last minute hassles, we need a compliance software in place which tracks and monitors our statutory norms and compliances and notify us whenever we are nearing the designated dates of such regulations. We need software that would help to manage all our legal, statutory and internal compliances and would act as a central monitoring system, thus enabling a common platform across the whole company and creating a standard monitoring system.

Most companies are adopting some internal systems in place, but these systems are often still disconnected from one another and cannot effectively support a holistic compliance management. The requirement to have a comprehensive and integrated compliance software in place is the need of the hour.

At the end of the month, the owners of the company are interested in having detailed reports of the total work done and the exceptional cases of non-compliances. The compliance software is a comprehensive solution to manage and monitor compliances and give the owners a peace of mind, as it is them who have to face wrath of the regulatory authorities for not following norms and regulations. An On Demand Compliance software is the need of hour for every company to fluently and effectively operate their business operations.

Resource

Compliance Management Software – Need Of The Hour

Corporations and government companies are constantly seeking ways to improve their compliance management system. The pursuit for better performance is leading to a change from reactive management toward proactive management. This transition of the management is not easy and requires a methodical, well-organized approach.

Difficulties can hit businesses from many sides, be it irregular financial disclosures, forged data etc. These issues, combined with greater scrutiny from all authorities – regulators, ratings agencies, shareholders and customers – fortify the need to implement a legal compliance management software.

Compliance management means tracking and maintaining a repository of legal and other requirements, which is a time-consuming exercise that increases the non-productive time of employees. Every company begin documenting all its requirements but then relinquishes the effort. The information collected will be residing on someone's table or computer, inaccesble on public domain. The requirements inventory never receives the required attention it requires because there is no effective system in place.The extensive features in the software helps in avoiding incorret promises and saving time and money.

Due to the size of the company, the number of compliances run into thousands. It is quite a tme taking task for the management to make sure that they are fully complied. Even after every detailing and ensuring that all statutory and internal tasks have been done, there might still be a case which the managment might have overlooked. This also happen if the organization is multi-location.

In this scenario, tracking the various compliances and gaining business intelligence to make informed decision becomes a top priority for most companies.

Most companies are adopting some internal systems in place, but these systems are often still disconnected from one another and cannot effectively support a holistic compliance management. The requirement to have a comprehenive and integrated system in place is the need of the hour.

An integrated, automated system will allow you to set up automated workflows and processes that promote standardization across departments and automate notifications and reminders to ensure that requirements are satisfied in a timely and complete manner.

Compliance management software is in high demand and is being rapidly adopted by many firms. The Government laws are getting stricter and tougher day by day. And it is imperative for every organization to get a compliacnce management system. This also gives the management peace of mind, as it is them who have have to face wrath of the regulatory authorities.

Resource

Facing Challenges in Keeping up with Compliance ???

 

Facts

1. Each organization has to comply with various statutory as well as internal compliance's while performing their business related activities.

•  These are generally in the field of Taxation like income tax, Service Tax, Excise etc., Labor related like P.F., ESI, Factories Act etc., Legal matters, Company Law matters, and so on.
• Each area of operation has multiple Acts and Regulations to comply to like filing of returns, payments etc..
• These Acts and Regulations specify multiple tasks to be performed by the department and organization.
• If you total up all these compliance requirements under various acts, regulations, and policies for these fields that the company has to adhere, there shall be roughly 500+ compliances for each company.
• In addition, there are a huge number of internal compliances, either due to certain certifications, like ISO, CMM, etc. that an organization prefers. Or there are internal policies and management reporting system, which each department or the employees need to timely prepare and submi 

2. Multiple people / department : 

Since there are multiple Acts and Regulations applicable on any organization, many departments and teams work toward meeting and executing them in their true spirit.

 

3. Multiple companies and multi-location :

In case the business spans across multiple companies, the total number of compliances increases exponentially. The problem becomes more complex if these companies operate across multiple geographical locations, making the total number of compliances running into tens of thousands.

 

Challenges

1.Possibility of skipping a compliance : 

a) Skipping a compliance could be

• Skipping a particular compliance altogether – not knowing if the regulation / compliance is applicable for the business and/or the geo-location
• Skipping a compliance to be submitted for a specific period / month
• Delay in adhering the compliance at a particular due date

b) The reasons of missing a compliance could be many, though primarily

• Focus is on Business operations
• High number of compliances spread across multi-locations and multi-people having their own inconsistent practices 

c) There could be a few cases, which can be skipped, leading to severe penalties 

2.The responsibility of ensuring the compliance software of various statutory laws lies solely with the management. It has to be done timely and meticulously. And as it exists under most of the laws, the top executives, the heads, and the directors are held responsible for any non-compliance or delay.

3.Even a minor violation and unintentional delay in complying with these statutory requirements not only result in levy of damage and penalties but also prosecutions that too of the top executives whether he or she is responsible or not.

Compliance Mantra - A way to manage your compliances

Pharmaceutical Industry Compliance

ComplianceMantra is a unique and comprehensive solution for companies in Pharmaceutical Industry. It offers great value in tracking and monito​​ring all your statutory and internal compliance related issues.
​​
Being in Pharmaceutical Industry, there are wide range of compliances, related to

• Environment, Air, Water Protection laws
• International laws and regulations viz. US FDA, WHO, European Medical Agencies (EMEA)
• Indian Regulatory Authorities viz. Ministry of Health, Drug Controller General of India (DCGI),
• Central Drug Standard, Control Organization (CDSCO),
• National Pharmaceutical Pricing Authority (NPPA),
• Drugs & Cosmetics Act, Pharmacy Act,
• Schedules M, T ,Y etc
• Trademark and Copyright laws
• Licensing of Drugs & Medicines from different countries, authorities
• Labour related laws (EPF, ESI, Wages etc)
• Factory related Safety laws and regulations
• Laws related to Stock Exchanges and similar authorities
• Income, Sales, Service, VAT Tax related obligations to both State and Central Govt      

                                                        And many more.........

Food & Beverage Industry Compliance

ComplianceMantra is a unique and comprehensive solution for companies in Food & Beverage, FMCG Industry. It offers great value in tracking and monitoring all your statutory and internal compliance related issues.

Being in Food & Beverage, FMCG Industry, there are wide range of compliances, related to

• Indian Regulatory Authorities and Acts viz.
  • Food & Drugs Administration (FDA), Food Cooperation of India (FCI),
  • Food Safety & Standards Act,
  • Prevention of Food Adulteration Act,
  • Fruits Products Order, Meat Food Products Order,
  • Milk & Milk Products Order,
  • Essential Commodities Act,

• Licensing and Labelling under Bureau of Indian Standards (BIS), Agmark, Packaged Commodity Rules,
• Factory related Safety laws and regulations, maintenance of warehouses, fire and disaster safety options,
• Environment, Air, Water Protection laws,
• Trademark and Copyright laws,
• Labour related laws (EPF, ESI, Wages etc),
• Income, Sales, Service, VAT Tax related obligations to both State and Central Govt,
• Laws related to Stock Exchanges and similar authorities

And many more.........

The software ComplianceMantra

• It is a comprehensive software for the top management to know the status of every compliance applicable, across multiple location and in various departments., thereby avoiding Non-compliance, penalties and harassment.
• It also generates automated reminders for each responsible employee, with escalation feature for proper management.
• You can also attach files (reciepts, challans, forms etc), pertaining to each compliance. This helps the organization to a have a centralized database and also during internal audits.

ComplianceMantra is a unique and comprehensive solution for companies in Manufacturing Industry. It offers great value in tracking and monitoring all your statutory and internal compliance related issues.

Being in Manufacturing Industry, there are wide range of compliances, related to

• Factory related Safety laws and regulations
• Labour related laws (EPF, ESI, Wages etc)
• Various Central and State Government laws
• Environment, Air, Water Protection laws
• Laws related to Stock Exchanges and similar authorities
• Income, Sales, Service, VAT Tax related obligations to both State and Central Govt
• Trademark and Copyright laws
                                                 And many more.........

The software ComplianceMantra

• It is a comprehensive software for the top management to know the status of every compliance applicable, across multiple location and in various departments., thereby avoiding Non-compliance, penalties and harassment.
• It also generates automated reminders for each responsible employee, with escalation feature for proper management.
• You can also attach files (reciepts, challans, forms etc), pertaining to each compliance. This helps the organization to a have a centralized database and also during internal audits.

ComplianceMantra is a unique and comprehensive solution for every company engaged in Manufacturing.

It offers great value in tracking and monitoring all your statutory and internal compliance related issues, whether they are in Finance department, HR dept or Legal Dept or any other department.

Being in Manufacturing Industry, there are wide range of compliances, related to 

• Factory related Safety laws and regulations
• Labour related laws (EPF, ESI, Wages etc)
• Various Central and State Government laws
• Environment, Air, Water Protection laws
• Laws related to Stock Exchanges and similar authorities
• Income, Sales, Service, VAT Tax related obligations to both State and Central Govt
• Trademark and Copyright laws                                                                                                         And many more.........

The software ComplianceMantra 

• It is a comprehensive software for the top management to know the status of every compliance applicable, across multiple location and in various departments., thereby avoiding Non-compliance, penalties and harassment.
• It also generates automated reminders for each responsible employee, with escalation feature for proper management.
• You can also attach files (reciepts, challans, forms etc), pertaining to each compliance. This helps the organization to a have a centralized database and also during internal audits.

ComplianceMantra is easy to use and can be accessed anytime anywhere. Many well established companies have been benefited by ComplianceMantra. 

Get to know more about us on www.ComplianceMantra.com or write to us on sale@ComplianceMantra.com

Are You Worried About the Challenges for Compliance Tracking and Monitoring ?

As you know, Non-Compliance of any statutory task can lead to :

• Huge Penalties
• Times Wastage
• Losses
• Stress

And many more hassles !!! 

Avoid these challenges with One Stop Solution - ComplianceMantra !!!

A Web Based Tool which can Track and Monitor Statutory and Internal Compliance, irrespective of the nature of the Business you are into !!

ROI on ComplianceMantra

How to estimate what your ROI on ComplianceMantra will be?

To determine the cost of not implementing ComplianceMantra, put some numbers to the following:

1.      How many statutory compliances were missed/delayed in adherence by your organization in the past financial year?

2.      What was the total amount of penalties that your company was liable to pay due to Non-compliance, during the same period, which could have been invested in new ventures?

3.      Did you face any legal harassment by the regulatory authorities due to Non-compliance? If yes, estimate the time spent on these harassments, which could have been used for new and innovative beginnings.

4.      If your using Excel or manually managing your compliances, estimate the time required for effective control of all your statutory compliances across several office locations, at one place.

5.      Estimate the number of hours lost in going through files and folders searching for forms, receipts and challans related to the compliances.

6.      Take a note of harassment faced by top management due to negligence of employees responsible for meeting of the compliances. Can you put a number on that?

 If you cant come up with any of these numbers or your numbers are alarmingly high, you definitely need ComplianceMantra!!!!

False TDS Returns may Attract Penalty.
Government may impose penalty of Rs.10, 000 and 1, 00, 00 for inaccurate TDS returns and also for corrective fillings after proposed amendments in the Finance Bill is cleared.
So why don’t you save yourself from huge penalty if you have alternative for that, called ComplianceMantra