In the wake of Covid-19 situation and Government announcing lock downs, NASSCOM recently made a representation to the Employee Provident Fund Organization (EPFO), highlighting the need to relax the current statutory time limit for making PF contribution by a month.
Given the current situation, many organizations are facing challenges in meeting statutory deadlines PF, ESIC, GST etc., due to several operational and logistical issues, including small and mid-size companies, and start-ups.
The Employee State Insurance Corporation (ESIC) vide notification (No. P-11/14/Misc./1/2019-Rev) dated 16.03.2020, also previously relaxed the time limit for making the statutory contribution towards ESIC for the month of February 2020 and March 2020, by a month.
In our representation, we have suggested EPFO to kindly consider extending the statutory provident fund contribution timeline for the months of March 2020 and April 2020 by at least one month.
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