Esic & epf
Querist : Anonymous
we are service provide & we hv receive a contractor bill for the service, in which he is not registered under ESIC & EPF act . now we are deducting esic & epf of the contractor @6.75% & 25.61%. pls suggest what accounting entry to be passed inn the books
regards
rakesh sharma
Contractor A/c Dr.
To PF Contribution Contractor
To PF Contribution Employer
To ESIC Contribution Contractor
To ESIC Contribution Employer
[Being Contribution to PF and ESIC provided for]
If Expenses can not at all recovered then:
Legal & Professional Expenses Dr.
To PF Contribution Contractor
To PF Contribution Employer
To ESIC Contribution Contractor
To ESIC Contribution Employer
[Being Statutory Expenses for Job Work / Contract Provided For]
Querist : Anonymous
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