Frequently Asked Questions

Accounting for businesses means the analysis of the book keeping processes and provide the business owner with the exact financial scenario of his/her business process. Accounting tells the business owner about how much, when and where of the financial transactions of the company by presenting the expenses and revenues on a daily, monthly, quarterly and annual basis. This helps the business owner in making key decisions about the future expenses, revenues, investments, taxes and other financial aspects of a business.

A businessman may be a complete expert in a particular domain of knowledge. He may have that knowledge and experience to setup a successful business enterprise. But he/she may not have a keen interest in the accounting and book keeping of the business. He/she may not have the required exposure to the methods and mechanisms by which accounting information could be employed for a good decision-making process. The role of the specialist accounting and book-keeping agency begins at this stage. The agency is required to record and present the financial information of the business entity to the business owner in such a way that the business owner could derive value out of this exercise. 

The accounting and book-keeping companies set up a process wherein each and every financial transaction of the client company is recorded and maintained for future use. All the bills and invoices issued by the client company and bills and invoices issued to the client company are recorded at multiple times and collated at a later stage for any discrepancy. Another set of processes are developed to reconcile the books on a daily, weekly, monthly basis and the reconciliations are performed in an efficient and effective manner.   

• As per E-waste Management Rules, 2016, every manufacturer, importer, recycler, bulk consumer involved in manufacturing & sale, or Import & sales and recycling of e-waste or electrical and electronic equipment listed in Schedule I of E-waste Management Rules, 2016, including their components, consumables, parts and spares which make the product operational, must follow the standards and guidelines prescribed by Central Pollution Control Board (CPCB).
• To get the Electronics EPR Registration, the applicant is required to register himself on the CPCB Electronics EPR Portal. Along with the Company KYC & other documents, the applicant is required to submit the sale/purchase/import data for his firm/company, for the previous N no. of years, the number of years depending on the type of electrical & electronic equipments.  

•    Maintain Form-2 records of all e-waste generated, handled and disposed of and make them available for inspection by the State Pollution Control Board (SPCB) or by the Central Pollution Control Board (CPCB).
•    On or before the 30th day of June following the financial year to which the return relates, file annual returns in Form-3 with the concerned State Pollution Control Board (SPCB) or to the Central Pollution Control Board (CPCB).

•    Maintain a Form-2 / online record of e-waste collected, dismantled, recycled or sent to an approved recycler and make that record accessible for inspection by the State Pollution Control Board (SPCB) or by the Central Pollution Control Board (CPCB)
•    On or before the 30th day of June following the financial year to which the return applies, file annual returns in Form-3 / online submission with the appropriate State Pollution Control Board (SPCB) / by the Central Pollution Control Board (CPCB).
•    The recycler may accept for recycling waste electrical and electronic equipment or components that are not listed in Schedule I, provided that they do not contain any radioactive material and that this information is submitted when obtaining authorization from the appropriate State Pollution Control Board (SPCB) & by the Central Pollution Control Board (CPCB).

The annual compliances for Electronics EPR Registration are as following:

1. Submit online the purchse/sale data/invoices of the electrical & electronics items, from the previous Financial Year
2. Submit the Govt fee online for the annual compliances
3. Transfer the recycling credits, if required, from a CPCB registered E-waste recycler

The CPCB Electronics EPR Registration is required for:

1. Importers of new electrical & electronic Items
2. Manufacrurers of new electrical & electronic products
3. Recyclers of Electronics Waste
4. Importers of Used EEEs

Maintain Sales Record in Form-2 of these rules and make such records available for scrutiny by Central Pollution Control Board (CPCB) as and when directed.
File an annual return in Form-3 to Central Pollution Control Board (CPCB) on or before 30th day of June following the financial year which that return relates to.
File quarterly report to Central Pollution Control Board in respect of amount of waste collected and recycled.
Organize Consumer awareness programs as submitted in the EPR plan.

• The dealer must collect the e-waste by providing the consumer with a box, bin or a demarcated area to deposit e-waste or by using a take-back system if he has been given the responsibility of collecting on behalf of the producer, and send the e-waste collected to the producer's designated collection centre, dismantler, or recycler.
• With the producer's take-back procedure or Deposit Refund Scheme, the dealer, retailer or e-retailer shall refund the amount to the e-waste depositor.
• It must be ensured by every dealer that the e-waste generated is transferred safely to authorized dismantlers or recyclers and that no environmental damage occurs during the storage and transportation of e-waste.

• As per Electronic EPR Compliance, E-waste is handled in Form-2 must be tracked and those records must be made available for inspection by the authorized official.

File annual returns in Form-3 with the concerned State Pollution Control Board (SPCB), on or before the 30th day of June following the financial year to which the return relates

• E-waste collected, dismantled, and transferred to an authorized recycler must maintain a Form-2 record and make it available for inspection by the Central Pollution Control Board or the State Pollution Control Board (SPCB).
• File a return in Form-3 with the appropriate State Pollution Control Board, on or before the 30th day of June following the financial year to which the return relates.

• Keep a record of e-waste collected, dismantled, and recycled in Form-2. Send it to an approved recycler and make it accessible for inspection by the Central Pollution Control Board or the State Pollution Control Board (SPCB).
• File annual returns in Form-3 with the appropriate State Pollution Control Board (SPCB), on or before the 30th day of June following the financial year to which the return applies.
• Recycling waste electrical and electronic equipment or components that are not listed in Schedule I may be accepted by the recycler and provided that they do not contain any radioactive material and that this information is submitted when obtaining authorization from the appropriate State Pollution Control Board (SPCB)

According to the PWM Rules, the Producers, importers and brand owners (PIBOs) which manufacture or import their plastic products/packaging in the Indian consumer market have Extended Producers Responsibility (EPR) for the management of plastic waste generated by the plastic packaging of their products. 

To get a Plastic EPR Registration, the applicant is required to visit the CPCB Plastic EPR portal. After generation of login id & password, the applicant need to upload the company/ firm documents, along with the sale/purchase data / invoices of the last two financial years. After the scrutiny of doucments by the CPCB, plastic EPR Registrationis uploaded on the CPCB portal. 

The annual compliances for Plastic EPR Certificate are as following:

First step for annual compliance submission is to upload the documentary evidence / invoices for the plastic purchased / sold by any PIBO.

If any recycling credits are alloted to the PIBO, then the applicant is required to buy these plastic recycling credits from a CPCB registered Plastic Waste Processor (PWP)

After the recycling credits purchase, the applicant is required to submit Govt fee of Rs.2,500 or as per the quantity of recycling targets. 

The Producers, Importers and Brand Owners (PIBOs) are required to apply online on the CPCB Plastic EPR Portal. Whether the PIBOs operate in one or multiple States, the application for Plastic EPR Registration is to be made to the Central Pollution Control Board (CPCB). Also, the quantity of the plastics purchased or sold, along with the Sale/Purchase invoices, is to be uploaded to the CPCB Portal All the required documents are to be submitted along with the Government fee. In case, the applicant submits the SPCB CTO as producer/brand owner, then the CPCB sends this CTO to State Pollution Control Board for verification. After this, the Plastic EPR certifciate is issued. 

The documents required for Plastic EPR Registration as Importer are as follows:

1. GST Registration
2. Aadhar card + PAN card of Authorized Person
3. Pic of Products
4. IEC 
5. MSME Registration
6. State wise procurement data for last two years

The Government fee for submission of Plastic EPR Annual compliances is Rs.2500, which may go up depending on the quantity of Plastic EPR Recycling target. The annual compliances for plastic EPR are to to be submitted to the online portal of the Central Pollution Control Board.  

The Govt. fee for PIBOs for annual compliances submission is as following: 

Govt fee for annual compliance submission for PWPs is as following:

• --  To submit an annual return of their sales and buy-backs to the State Pollution Board in Form 1 by December 31st of each year at the latest.
• --  Through advertisements, publications, posters and other methods public awareness should be created. 
• --  Establishment of collection centres at various locations, either individually or jointly, to collect used batteries from consumers or dealers.
• --  Manufacturers must file annual returns in Form 1 with the concerned State Pollution Control Board (SPCB), on or before the 30th day of June following the financial year to which the return relates.
• --  It must be ensured that used batteries are only supplied to recyclers who have been approved for this.
• --  Record the battery waste generated, handled and disposed of by the manufacturer in Form 6 and make it accessible for inspection by the concerned State Pollution Control Board (SPCB).
• --  Used batteries collected must be ensured in accordance with the Schedule when new batteries are sold, with the exception of those sold to original equipment manufacturers and bulk consumers (s).