Dear All, I have one query related with EFP. Request a reply from epf expert. Thanks....
From India, Hisar
1From India, Hisar
My concern is that if any organization registered for EPF in March 2014 and got the registration number in march 2014 & then paid the challans of employees from Dec 2013 onwards which results in delay payment for Dec 2013, Jan 2013 & Feb 2013 challans.
As the registration was done in march 2014 so there was no other option to stop the delay payment of challans from Dec 2013 to Feb 2014. So, please update me is penalty be applicable on organization for these 3 challans or that can be waived off as practically that was no one's fault.
Do need to pay penalty or interest or both & how much.
Request your advice.
From India, Hisar
As the registration was done in march 2014 so there was no other option to stop the delay payment of challans from Dec 2013 to Feb 2014. So, please update me is penalty be applicable on organization for these 3 challans or that can be waived off as practically that was no one's fault.
Do need to pay penalty or interest or both & how much.
Request your advice.
From India, Hisar
Dear JP
It is the prime responsibility of the establishment to get the establishment covered in time as and when the act is applicable under section 1(3) or 2A as the case may be.
In case the establishment was cover-able from December, 2013 and you applied for registration or obtained code in March, 2014, you are liable for imposition of interest and damages under section 7Q and 14B which are detected later by the department and opportunity is given to hear you before such action.
However, if you applied for coverage in time but allotment of your employer's code is delayed by the department, you can raise the issue before the competent authority i.e. RPFC where damages part can be waived off subject to the favourable facts of your case.
P K Sharma
From India, Delhi
It is the prime responsibility of the establishment to get the establishment covered in time as and when the act is applicable under section 1(3) or 2A as the case may be.
In case the establishment was cover-able from December, 2013 and you applied for registration or obtained code in March, 2014, you are liable for imposition of interest and damages under section 7Q and 14B which are detected later by the department and opportunity is given to hear you before such action.
However, if you applied for coverage in time but allotment of your employer's code is delayed by the department, you can raise the issue before the competent authority i.e. RPFC where damages part can be waived off subject to the favourable facts of your case.
P K Sharma
From India, Delhi
You need not pay the interest for that period because it is not
your actual delay.
In case, they issue notice to pay the interest, at that time you can inform the same in your reply.
Actually the PF inspector will inspect all these payments during his visit.
Based on his inspection report, the PF authorities will issue notice
for payment of interest on delayed payment
Now you need not worry about interest payment.
From India, Hyderabad
your actual delay.
In case, they issue notice to pay the interest, at that time you can inform the same in your reply.
Actually the PF inspector will inspect all these payments during his visit.
Based on his inspection report, the PF authorities will issue notice
for payment of interest on delayed payment
Now you need not worry about interest payment.
From India, Hyderabad
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EPF ON LINE REGN. USER MANUAL.pdf