This discussion clarifies the classification of EPF deductions made by a government agency for goods sold. If the amount is recoverable, it should be treated as a current asset. However, if it's deemed non-refundable, it should be recognised as an expense.
We have sold some goods (agriculture product) to govt. Agency. Agency deduced EPF and clear balance amount. its pending from govt. agency more then two years. so its my current assets or Non Current Assets