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Which of the following statements is/are correct ?
The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 is generally applicable to every establishment :
1. which deposits GST of more than ₹ 50,000 per year.
2. employing twenty or more persons.
Select the correct answer using the code given below :
Explanation
The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 is a significant social security legislation. According to Section 1(3) of the Act, it is applicable to every establishment which is a factory engaged in any industry specified in Schedule I and in which twenty or more persons are employed. It also extends to any other establishment employing twenty or more persons as notified by the Central Government. Thus, Statement 2 is correct.
There is no legal provision in the Act that links its applicability to the amount of Goods and Services Tax (GST) deposited by an establishment. While the EPFO may use GST data for identifying potential establishments that are evading registration, the statutory threshold for coverage remains the number of employees, not GST payments. Therefore, Statement 1 is incorrect.
SIMILAR QUESTIONS
Which of the following are included under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952?
1. Employees' Provident Fund
2. Employees' Deposit Linked Insurance Scheme
3. Employees' Permanent Disablement Pension
4. Pension of the Employees' Widows
Select the correct answer using the code given below.
The Central Government may frame a scheme to be called the Employees' Pension Scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 for the purpose of providing
1. Superannuation pension.
2. Retiring pension.
3. Partial disablement pension.
4. Permanent total disablement pension.
Select the correct answer using the code given below :
The Employees' Provident Funds and Miscellaneous Provisions Act does not apply to
The Chairman and Vice-Chairman of the Central Board under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 are to be appointed by
Under the Employees' Provident Funds and Miscellaneous Provisions Act, the Central Government may authorize an employee. to maintain a Provident Fund Account in relation to the establishment, upon an application made by the employer and majority of such establishment's employees provided that the number of persons employed in that establishment is not less than