Provident Fund penalty notices: KCCI meets Commissioner EPFO; seeks penalty waiver

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Ziraat Times
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Srinagar, May 1: The Kashmir ChamberĀ  of Commerce & Industry in a statement issued to media today said it organised a meeting with Rizwan Uudin, Commissioner EPFO, J&K, at the Chamber office to help sort out the issue in the light of the situation that has led to the default on the part of employers subscribing to the EPFO.

KCCI has earlier noted with concern the reservations expressed by its memberĀ  entities registered with the EPFO regarding the recovery/penalty notices issued by the said organisation under various provision especially under Section 14B of the EPFO & MF ACT.

Several stakeholders invited were present in theĀ  meeting besides the Office Bearers of the KCC&I. The Ā Commissioner, EPFO was accompanied by the Enforcement Officer, EPFO, Kashmir Mr. Ankur, the statement added.

During the meeting, the stakeholders expressed their concern with regard to the issuance of penalty/ recovery notice under sec. 14 (B) to several Kashmir-based business entities, the statement further said.

“It was explained in the meeting that default or delay in payment and filing of Ā relevant returns was caused due to Ā peculiar situations arising first out of the total restrictions imposed on public life in the StateĀ  following theĀ  abrogation of Article 370 in August, 2019,Ā  withĀ  internet shutdown andĀ  other means of communication for nearly four months. Soon thereafter the woes that the business Ā of Ā public life has Ā suffered through the unpredictedĀ  restrictions, got addedĀ  up with the life threatening Covid-19 malady”, the statement further said.

“On the basis of these facts, it was pleaded with the Commissioner that theĀ  demand raised through the notice issued under variousĀ  provisions especially Ā Ā 14 (B) of EPF&MFACT be quashedĀ  and delay in filing the returns condoned; theĀ  Commissioner EPFO was impressed upon toĀ  appreciate the ground situations prevailing duringĀ  those difficult phase of disturbing events and take a viewĀ  accordingly”, KCCI further noted in the statement.

“The Commissioner Ā keenly heard the and enlightened the stakeholders about the applicability and implications of theĀ  relevantĀ  rules for persistingĀ  non ā€“ compliance of Act Ā by the stakeholders andĀ  advisedĀ  that a proper representationĀ  be made to the Ministry concerned asking for waiver of the penalties”, KCCI further observed.

The Kashmir Chamber of Commerce & Industry is accordingly working out the detailsĀ  to be brought on the representation Ā to be addressed to the concerned Ministry forĀ  favorable consideration as Ā advised by theĀ  Commissioner EPFO.

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