Refund from EPF. My query is can we recover the amount from the contractor & if yes than how. what process has to be followed.
From India, Jaipur
From India, Jaipur
If you are working on back to back basis calculation and contractor is claiming only fixed service charge on the monthly CTC. In such case you can ask the contractor to adjust the previous month's benefit amount in next month billing. The PMGKY started in Mar, so the benefits taken agst Mar bill can be adjusted with Apr bill (same can be checked through the attached challan, coz generally in contractor's billing previous month's challans are attached).
I deal with multiple type contractors for my company and convinced them to pass on the Mar benefits in Apr bill, Apr benefit in May bill and so on.
But pls be noted under GST regime you can't make correction in contractor's/supplier's invoices. This could lead to GST mismatch and you can loose GST input. So it is advisable to take bill with lesser amount (after adjusting the benefit). This will save GST also on the billing amt.
From India, Delhi
225I deal with multiple type contractors for my company and convinced them to pass on the Mar benefits in Apr bill, Apr benefit in May bill and so on.
But pls be noted under GST regime you can't make correction in contractor's/supplier's invoices. This could lead to GST mismatch and you can loose GST input. So it is advisable to take bill with lesser amount (after adjusting the benefit). This will save GST also on the billing amt.
From India, Delhi
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