First of all YES. Establishment will be liable for penalty under EPF.
If you are thinking why ? Because it is mandatory for the establishment to be registered under EPF act at the time it has the strength of more then 20+ employees.
EPF challan can not be submitted on line. (for [Login to view])
Now the solution: Register under EPF as soon as possible.
This part must not be followed:Show the strength of the establishment more then 20 employees for the last 2 or 3 months before registration. This way your liability of penalty ( Section 14B & 7Q) will be reduced.
Now the hard part (still not recommending it) you have to make balance sheets and other documents to show the above said. (if the inspection being done by the EPF officials)
Important: Penalty would be 100% (i.e. the amount deposited by the employer through challans for last periods) and the interest would be equal to the amount which being announced by EPF office yearly (say 9.5% for last year)
Stay Cool
Atom
If you are thinking why ? Because it is mandatory for the establishment to be registered under EPF act at the time it has the strength of more then 20+ employees.
EPF challan can not be submitted on line. (for [Login to view])
Now the solution: Register under EPF as soon as possible.
This part must not be followed:Show the strength of the establishment more then 20 employees for the last 2 or 3 months before registration. This way your liability of penalty ( Section 14B & 7Q) will be reduced.
Now the hard part (still not recommending it) you have to make balance sheets and other documents to show the above said. (if the inspection being done by the EPF officials)
Important: Penalty would be 100% (i.e. the amount deposited by the employer through challans for last periods) and the interest would be equal to the amount which being announced by EPF office yearly (say 9.5% for last year)
Stay Cool
Atom