ESI & PF deducted but not deposited on time

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articale student
127 Points Posted on 24 May 2022

Hi everyone
company deduct the esi & pf from employee salary but after 6 month they creat PF account & they deposit.
Any effect from this for company & employees.

company can do like this.
thanks

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On 24 May 2022 at 14:46 Report
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Quick Summary
This discussion addresses a company's failure to deposit Employee State Insurance (ESI) and Provident Fund (PF) contributions on time, with deductions made from employee salaries. Participants are seeking information on the potential legal and financial consequences for both the company and employees, including applicable interest and penalties. The query also touches upon whether such delayed deposit practices are permissible and asks for relevant case law.

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GST Practitioner & Accounts
15140 Points Posted on 24 May 2022

Interest , penalty is applicable , also check case law ( Honorable supreme court ruling in this case )

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On 24 May 2022 at 15:24
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articale student
127 Points Posted on 24 May 2022
Any link you have please share me
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On 24 May 2022 at 16:58
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GST Practitioner & Accounts
15140 Points Posted on 24 May 2022
Check out on Google.com
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On 24 May 2022 at 17:23
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78 Points Posted on 25 May 2022
Agreed
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On 25 May 2022 at 08:51

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