Asst.manager -hr
Apex Management
Labour Laws Consultants
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Thread Started by #JP12

Dear All, I have one query related with EFP. Request a reply from epf expert. Thanks....
26th June 2014 From 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.
26th June 2014 From India, Hisar
When you got the registration code from that period you will be eligible, just tell me when you have not received the code then how you are going to pay the amount of precious months.
That is not your fault, your eligibility is from March itself.
27th June 2014 From India, Mumbai
yes aditya we got the code in march 14 but we paid from dec 13 so do we need to pay penalty as well as interest for previous months pls reply
27th June 2014 From India, Hisar
Seeing to the remittance you made since Dec'13 to Feb'14 your coverage is from back dated, so in that way it falls under belated dues remittance hence Interest & damages is payable reading the section under the Act i.e Section 14B.
Pushkar Bisht
27th June 2014 From India, Delhi
Hi, In that situation you are liable. to pay dues and penalties
27th June 2014 From India, Mumbai
also..pls update me how to calculate & pay that...i mean how to generate challan for that
27th June 2014 From India, Hisar
Yes, loss of interest and damages both to compensate the period of delay according to rates given in the Act.
You don't need to work anything on this concern, PF authority shall directly send you notice for the same in case they identifies it.
27th June 2014 From India, Delhi
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
28th June 2014 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.
28th June 2014 From India, Hyderabad
Dear Gurumurthy ji,
The days are now over when interest and damages were assessed after getting the inspection reports from the Area Enforcement Officer of the EPFO. Now all details are available online and the department is stressing for early action towards realization of interest and damages parts and frequency of assessment is also being shortened.
P K Sharma
29th June 2014 From India, Delhi
Dear JP12,
It is well understood from your posting that you were liable to coverage under the EPF&MP Act well in the month of Dec\'13 itself. But you have applied for coverage only during Mar\'14 and got establishment code during Apr\'14.
It is the responsibility of every employer to apply for coverage under EPF&MP act whenever the total employees strength crosses 20. Hence the belated payment for the earlier period invites applicable interest and penalty.
30th June 2014 From India, Trichy
Thanks for your valuable suggestions. Now, do we need to visit epfo to meet with PF inspector about the payments as delay in these pending payment will again result in more penalty
30th June 2014 From India, Hisar
Please update me what is NATIONAL ACADEMY OF INDIAN PAYROLL all about.
1st July 2014 From India, Hisar
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