Source | The Economic Times : By Sunil Dhawan
The Employees’ Provident Fund Organisation (EPFO) is devising ways to make your fund transfers and withdrawals as seamless as it can be.
It is bringing in a few changes in the way the Universal Account Number (UAN) functions and also in the reporting platform (ECR or Electronic Challan cum Return) of the employers, by which they communicate with the EPFO regarding employees’ contributions, wages, etc.
The new version, UAN 2.0, is being introduced and simultaneously the EPFO is also launching ECR 2.0.
The existing ECR portal of the EPFO will be operational till 6.00 p.m. on December 17, 2016, and to carry out the migration and switchover to the next version of ECR under the unified portal, the revised portal will be launched three days later, on December 20.
In a nutshell, any ECR that the employer sends to the EPFO will now have to include the newly generated UAN of the new member, or the linked UAN in case it has been already been generated for the employee.
The present system
Currently, most employers straightaway submit the ECR to the EPFO, mentioning the details of the employee. Thereafter, the employer generates the UAN by mentioning the member ID or by linking the earlier generated UAN.
For a new EPF member, first generate UAN
From now on, for a member joining the EPF for the first time, the UAN will be obtained by the employer or member prior to the filing of ECR by the employer for that member. The UAN will be allotted upfront on the portal and will then be validated in the ECR file of the employer at the time of its submission.
For an existing EPF member, first link UAN
For someone who was already an EPF member earlier, the linking of the existing UAN with the present establishment should necessarily be done by the employer before filing of UAN-based ECR.
Earlier, it was done after filing of ECR based on the member ID. The concept of member ID is completely done away with and is replaced by UAN in the new versions.