ramoliya vipul (student) (59 Points)
22 December 2008A person who taking the labours through a contractor and paying the total labour charges to Contractor is he liable for deducting the Esic on that payment (contractor Not deducting Any ESIC on his labour
1) if yes Then how at what rate ESIC should be deducted?
2) How to disclose under Tax audit report? UNder which close?
3) As auditor ,how i will check whther prperly ESIC deducted Or not ?
Jitender
(Chartered Accountant)
(8724 Points)
Replied 22 December 2008
esi will be deducted @ 6.5%. & u can verify it the payment to contractor & reconcile the same with esi return for its deduction.
ramoliya vipul
(student)
(59 Points)
Replied 22 December 2008
hi! Jitender
is it 6.5% applicable on entire payments made to the contrator.and let me know under which close it required to be disclosed under form 3CB
Jitender
(Chartered Accountant)
(8724 Points)
Replied 22 December 2008
it is applicable on entire payment , however it is applicable on 25% in case of work contract.
ramoliya vipul
(student)
(59 Points)
Replied 22 December 2008
if you are having material on it please send me or give me relvent refrence so that i refer it
ramoliya vipul
(student)
(59 Points)
Replied 22 December 2008
if you are having material on it please send me or give me relvent refrence so that i refer it
Sandeep Kuncham J
(Chartered Accountancy)
(26 Points)
Replied 18 May 2009
Dear all,
I would like to know the situations/circumstances when ESI is to be deducted on Labour contracts
Can I have some reference for the above pls
Sandeep
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 May 2011
in case the contractor is not covered by ESI and the factory of principal employer is covered under the act, then these employess would be deemed to be covered under principal employer, so the principal employer will deduct 6.5% ( 1.75% employee + 4.75% employer) and pay to ESIC.
Rajesh
(Accountant)
(31 Points)
Replied 16 December 2011
kindly provide complete details regarding registration of contractor under ESIC.
Whai is the concept of works contract for this purpose?????????
HKC
(PROP.)
(98 Points)
Replied 02 February 2012
Contract ESI contribution depend on Bill. If material and labour mention separately in the bill than ESI paid on labour part only @ 6.5% otherwise as per works its will be 25-30 % on total bill's 6.5%.
s.senthil kumar
(HR)
(22 Points)
Replied 06 July 2013
if the contractor supplying man power (ladies& gents) to principle employer for packing section. in the bill can i deduct esi contribution in the total bill
how many percentage can i deduct in the total bill?
how many percentage contribution deduct
it is legal or illegal
please advice
Vikram Bhardwaj
(Account Manager )
(43 Points)
Replied 31 July 2019
Sir, one of our college employed some labor for construction or other work during the financial year 2018-19 college is not registered in esic act can we pay esi and get registered them self.
is there is any other mode of payment without registration and please provide the notification regarding payment of esi by unregistered person in this regard.
Thanks
Vikram Bhardwaj
vikrambhrdwj4 @ gmail.com
RANDHIR KUMAR
(SENIOR ACCOUNTANT)
(35 Points)
Replied 02 March 2020
Please give any reference or circular for above rules.
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