Dear Kumar, I want to know the penalties for non filing of Annual returns of PF. One of my client has not filed 07-08 PF annual returns till now. I want to know hte impact of the same.
From India, Bangalore
From India, Bangalore
Dear,
Below are facts can be faced in case of late filling & penality.
Damages
· Less than 2 months ….@ 17% per annum
· Two months and above but less than upto four months ….@22% per annum
· Four months and above but less than upto six months ….@ 27% per annum
· Six months and above
Penal Provison
Liable to be arrested without warrant being a cognisable offence.
Defaults by employer in paying contributions or inspection/administrative charges attract imprisonment upto 3 years and fines upto Rs.10,000 (S.14). For any retrospective application, all dues have to be paid by employer with damages upto 100% of arrears.
Regards
Vipin
From India, New Delhi
32Below are facts can be faced in case of late filling & penality.
Damages
· Less than 2 months ….@ 17% per annum
· Two months and above but less than upto four months ….@22% per annum
· Four months and above but less than upto six months ….@ 27% per annum
· Six months and above
Penal Provison
Liable to be arrested without warrant being a cognisable offence.
Defaults by employer in paying contributions or inspection/administrative charges attract imprisonment upto 3 years and fines upto Rs.10,000 (S.14). For any retrospective application, all dues have to be paid by employer with damages upto 100% of arrears.
Regards
Vipin
From India, New Delhi
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Notification No. KGST.CR.01-17 Seeks to extend the last date for filing the returns in .pdf