The Finance Department of Maharashtra has issued a crucial notification, offering relief to Profession Tax Payers in the state. This article aims to delve into the details of the notification, providing insights into the amendments made and the implications for taxpayers.
Dated 24th April 2024, the notification, under the Maharashtra State Tax On Professions, Trades, Callings and Employments Act, 1975, introduces amendments to Government Notification No. PFT-2014/CR-38/Taxation-3, dated 21st August 2014. The amendment specifically targets employers who faced technical difficulties in filing returns between 1st March 2024 to 31st March 2024.
The notification grants a waiver of the entire late fee payable for returns falling within this period. However, to avail of this waiver, taxpayers must ensure that the specified returns are filed by the extended deadline of 30th April 2024 on the Maharashtra Goods and Services Tax Department website. Additionally, any tax payable, along with interest under section 9, must be cleared by 31st March 2024.
This move by the Finance Department aims to alleviate the burden on taxpayers who encountered obstacles in meeting their obligations due to technical issues. By providing a grace period and waiving late fees, the government seeks to facilitate smoother compliance with tax regulations and ease the financial strain on businesses and individuals.
The notification for late fee waiver issued by the Maharashtra Finance Department reflects a proactive approach towards supporting taxpayers during challenging times. By acknowledging and addressing technical difficulties faced by employers, the government demonstrates its commitment to ensuring fair and equitable tax compliance. Taxpayers are advised to take advantage of the extended deadlines provided and adhere to the amended regulations accordingly.
महाराष्टट्र शासन राजपत्र असाधारण भाग चार-ब, एप्रिल २४, २०२४/वैशाख ४, शके १९४६
FINANCE DEPARTMENT
Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk,
Mumbai 400 032, dated the 24th April 2024.
NOTIFICATION
MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975.
No. व्यकर-2024/प्र.क्र.14/कराधाान-3.—In exercise of the powers conferred by proviso to sub-section (3) of section 6 of the Maharashtra State Tax On Professions, Trades, Callings and Employments Act, 1975 (Mah. XVI of 1975), the Government of Maharashtra, hereby amends the Government Notification, Finance Department, No. PFT-2014/CR-38/Taxation-3, dated the 21st August 2014, as follows, namely :—
In the SCHEDULE, appended to the said Notification, after the entry (9), the following entry shall be added, namely :—
| (A) | (B) | (C) | (D) | (E) |
| “(10) | Employer who is liable to file the return alongwith the payment and where the due date prescribed to file said return falls between the 1st March 2024 to 31st March 2024 but could not file the return due to technical difficulties. | Returns whose due date falls between the 1st March 2024 to 31st March 2024. | Whole of late fee payable, in respect of the return specified in column (c). | (a) Return specified in column (c) shall be filed on or before the 30th April 2024 on the website of the Maharashtra Goods and Services Tax Department.
(b) Tax payable, if any, along with interest under sub-section (2) of section 9 on tax payable shall be paid on or before 31st March 2024 in respect of the return, referred to in column (c)”. |
By order and in the name of the Governor of Maharashtra,
MANDAR KELKAR,
Deputy Secretary to Government.
