Our firm was contacted by a company that had failed to comply with EPF (Employees’ Provident Fund) regulations for several years. The client had accumulated substantial unpaid dues, resulting in penalties and interest from the EPF department. The company faced significant pressure to resolve this issue as it impacted their eligibility for government contracts and created a financial burden.

Challenges

Unpaid EPF Dues: The client had not remitted EPF contributions for several years, resulting in arrears with interest.

Legal Action Threatened: The EPF department had initiated legal proceedings, further complicating the situation.

Lack of Awareness: The company lacked knowledge regarding its EPF obligations and the penalties for non-compliance.

Approach

Review and Reconciliation: We conducted a detailed review of the client’s EPF filings, identifying discrepancies and working to reconcile the dues.

Negotiation with Authorities: Our team negotiated with the EPF department, leveraging our understanding of the laws to reduce penalties and interest.

Timely Payments and Future Compliance: We helped the client remit the overdue EPF payments and established a robust process to ensure timely payments in the future.

Outcome

Penalty Reduction: We successfully reduced the penalties and interest by negotiating with the EPF authorities.

Full Compliance: The company was brought into full compliance with EPF regulations, ensuring their eligibility for government contracts and avoiding further legal action.

Client Satisfaction: The client appreciated our thorough approach and expertise in resolving the matter swiftly.

[11:28, 06/02/2025] Parth Kapile Freelance: Case Study 5: GST Filing and Penalty Reduction for a Manufacturing Client

Background

A manufacturing client approached our firm after receiving a notice of non-compliance from the GST department. They had failed to file GST returns for several quarters, resulting in a large penalty and interest. The client was in danger of having their business operations halted due to the mounting fines.

Challenges

GST Returns Overdue: The client had failed to file returns for several quarters, leading to significant penalties.

Potential Suspension of Operations: The client faced the possibility of their business operations being suspended.

Confusion with GST Requirements: The client struggled with understanding the correct filing process and the applicable tax rates.

Approach

Review and Rectification: We reviewed the client’s business transactions and ensured all GST returns were filed, including those from previous quarters.

Penalty Negotiation: We negotiated with the GST department to reduce the penalties by presenting a case for their reduced ability to comply due to a lack of understanding of the regulations.

Ongoing Compliance System: We implemented an ongoing compliance system for the client to ensure future GST filings would be accurate and timely.

Outcome

Penalty Reduction: We successfully reduced the penalties and interest owed by the client.

Business Continuity: The client avoided any operational disruption, and their GST status was regularized.

Sustained Compliance: The client now has a dedicated process for regular GST filing, preventing any future compliance issues.