No, PF (Provident Fund) and GST (Goods and Services Tax) are not automatically applicable to company.
The applicability of PF is based on the number of employees working in the company, and the applicability of GST is based on the annual turnover of the company.
If the company has more than 20 employees, it is required to register for PF. Similarly, if the company’s annual turnover exceeds a certain threshold limit, it is required to register for GST.
