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esic not paid on before due date

02 January 2018

sir i have a partnership firm i m not paying esic and pf on before due date whether.. it will be effect on my audit report

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3 Replies

Arjun Gupta (Chartered Accountant) (177 Points)
Replied 02 January 2018

In audit report, clause 20(b) reflects the particulars of ESI and PF. This clause requires the auditor to report ESI and PF due date, Date of Payment and Amount actually paid towards the respective head. So yes, the details of payment will be refelcted in auditor's report.

Ankit kumar (245 Points)
Replied 02 January 2018

if it is not paid on time then can auditor qualify his report

Rishi Mehta (Ur friend ) (1533 Points)
Replied 03 January 2018

If not paid on or before due date then same will be disallowed.
Allowability ESI & PF will be considered in two parts
1st employer contribution
2nd employee contribution

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