The Central Provident Fund Commissioner has circulated Notification No. 7(1)2012/RCs Review Meeting/345 dated 30 November 2012 [read with No. 7(1)2012/RCs Review Meeting/ dated 5 December 2012] for streamlining and standardizing the assessment procedures under Section 7A of the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 (EPF Act), with a view to minimize the hardship on the employers. The notification mainly:
† Lays down the procedures to be followed for undertaking an assessment inquiry.Online GST Certification Course by TaxGuru & MSME- Click here to Join
† Provides that an enquiry may be initiated only for a period of up to 7 preceding years.
† Intimates that the compliance history of the establishment shall be made available online.
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