The Regional Provident Fund Commissioner inspected records of the Telangana State Road Transport Corporation (TSRTC) on the dues of employers contribution to the PF, a senior official of the Employees Provident Fund Organisation said on Monday.
“We have started an inquiry into the assessment of dues. We’ve asked the TSRTC officials to appear before us with all the records on November 15. We will have to verify as to what the dues are. The process will take one or two months. We have started the inquiry from 2017 records onwards and we will check which are the months they have not paid,” the official told PTI.
The official haven’t yet told the exact amount which is due from TSRTC.
Although, as per the sources in the Andhra Pradesh Road Transport Corporation and TSRTC hints that both the theses are owing together around ₹1,500 crore towards the employer’s contribution of provident fund. However, the accounts are separate of these corporations but still, the APSRTC Provident Fund Trust is pending to be divided between Andhra Pradesh and Telangana.
Principal secretary (Transport-Andhra Pradesh) MT Krishna Babu said to the media that the Andhra Pradesh owes around ₹800 crore to the PF fund and they have also wrote a letter to the PF Commissioner asking time to pay the same in 12 installments.
“We (AP) are having dues of ₹800 crore. We (APSRTC) are losing ₹1,200 crore every year. We are not able to pay the employer contribution to the PF Trust. We wrote to the PF commissioner. But we are paying to employees as and when they retire from service. So, technically, they do not have any problem,” he told PTI. He said this situation is similar to most of the PSU’s where they are making losses.