Dear Mr. Ram,
As per my view, you should follow the following exercises in regards to AMC vendors or service provider vendors:
1. You should insist the vendor to remit ESI contribution for their employees in its own ESI code and submit details like challans, ESI contribution details to you.
2. You should also mention ESI and PF code on their respective invoices.
3. If the vendor does not remit ESI or does not have an ESI code, you should deduct ESI contribution from their invoices and remit your own ESI code. The calculation should assume 25% of the total bill amount as labor charges/salary and deduct 6.5% as an ESI contribution on that 25% of the bill amount. At the time of inspection, the ESI authority should also follow this system.
4. In a safer way, you should insist on all service provider vendors to mention ESI and PF code on their invoices mandatorily.
Regards,
Manoj Prasad
9311449028
From India, Mumbai
Acknowledge(0)
Amend(0)
12As per my view, you should follow the following exercises in regards to AMC vendors or service provider vendors:
1. You should insist the vendor to remit ESI contribution for their employees in its own ESI code and submit details like challans, ESI contribution details to you.
2. You should also mention ESI and PF code on their respective invoices.
3. If the vendor does not remit ESI or does not have an ESI code, you should deduct ESI contribution from their invoices and remit your own ESI code. The calculation should assume 25% of the total bill amount as labor charges/salary and deduct 6.5% as an ESI contribution on that 25% of the bill amount. At the time of inspection, the ESI authority should also follow this system.
4. In a safer way, you should insist on all service provider vendors to mention ESI and PF code on their invoices mandatorily.
Regards,
Manoj Prasad
9311449028
From India, Mumbai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.