Maharashtra Profession Tax One Time Payment of Tax Scheme

Maharashtra Profession tax OTPT Scheme-Summary and Practical Guide

The Government Of Maharashtra vide Notification No. PFT.1218/C.R.52/Taxation-3 makes available an optional scheme for the payment of profession tax, in advance, for an enrolled person, under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.

Summary of the Scheme and Practical Aspects as under –

1. Date of Effect

Deemed to be into Force w.e.f 01.04.2018 i.e PTEC payments from 01/04/2018 onwards

2. Preconditions

The scheme is available only to Enrolled persons ( Registration under PTEC is compulsory )

3. Availment

Enrolled person can opt for this scheme anytime after enrollment

4. Period

An enrolled person can avail benefit of this scheme by making payment of tax for a minimum period of 3 years upto a maximum of 35 years. Senior Citizen above 65 years of age are exempt from profession tax in Maharashtra

Enrolled person may opt for the scheme again after earlier period availed under the scheme is over

5. Amount

Amount to be paid as per Table A electronically ( Table A at the end of the article )

6. Enrolled persons who have made 5 year lumpsum payment prior to 01.04.2018

Such persons can opt for the scheme after completion of such period of 5 years.

7. Payment done for 2018-19 or Lumpsum payment done post 01.04.2018

Such persons can opt for this scheme by paying balance amount payable for the period opted under the scheme ( This facility is not yet made available on www.mahagst.gov.in )

8. Enrolled person availing benefit under this scheme joins employment

Such person to furnish OTPT Certificate to the employer. The employer then is no further required to do PTRC Deduction and the liability is deemed to be paid for the period covered under the scheme

9. Change of Entry Number for Enrolled Persons

Eg : ABC enrolled under PTEC where in he was required to pay PTEC of Rs.750 as per classification. He made payment under the OTPT Payment scheme for 5 years. After 3 years, due to change of business, he was then covered under another entry where he was required to pay PTEC of Rs.2500.

In such case, the liability to pay shall not be varied due to such change in entry under Schedule “I”

10. Refund of Excess Payment

No refund shall be granted , once amount is paid under the scheme

11. FALSE Information /Withdrawal of Benefits under the scheme

In  case of

• Suppression of any material information or particulars by furnishing any incorrect of false information
• Suppression of material facts
• Concealment of any particulars

THEN

Benefits availed under the scheme shall be withdrawn.

12. Payment Procedure

PS : Department’s website is experiencing technical difficulties.

Enrolled person making payment in the month of April pays less than what a person pay in subsequent month of the financial year. Currently you can make payment for period starting from 01/04/2019

• Go to www.mahagst.gov.in
• Under E-payments Tab, Click on PTEC OTPT Payment
• Enter 11 digit PTEC TIN
• Enter PAN , if not automatically updated
• Change Trade Name , if required
• Select Schedule Entry ( Depending on Classification )
• Select No. of years for which you want to avail benefit of the scheme ( Minimum 3, Maximum 35 )
• Select Location
• Select Payment Gateway
• Enter Mobile Number and Email ID
• Tick on “I agree”
• Check draft challan and click on Proceed
• Select Your bank , enter captcha code and make payment

TABLE A

I.

Rate of tax per year of Rs. 2500/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Sept-ember	Oct-ober	Nove-mber	Dece-mber	Jan-uary	Febr-uary	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	7500	6839	6907	6976	7044	7112	7181	7249	7318	7386	7454
4	10000	8717	8804	8891	8979	9066	9153	9240	9327	9415	9502
5	12500	10425	10529	10633	10737	10842	10946	11050	11154	11259	11363
6	15000	11977	12097	12217	12336	12456	12576	12696	12815	12935	13055
7	17500	13388	13522	13656	13790	13924	14058	14191	14325	14459	14593
8	20000	14671	14818	14964	15111	15258	15405	15551	15698	15845	15991
9	22500	15837	15996	16154	16312	16471	16629	16788	16946	17104	17263
10	25000	16898	17067	17236	17404	17573	17742	17911	18080	18249	18418
11	27500	17861	18040	18219	18397	18576	18754	18933	19112	19290	19469
12	30000	18738	18925	19112	19300	19487	19675	19862	20049	20237	20424
13	32500	19534	19730	19925	20120	20316	20511	20706	20902	21097	21292
14	35000	20258	20461	20664	20866	21069	21271	21474	21676	21879	22082
15	37500	20917	21126	21335	21544	21753	21963	22172	22381	22590	22799
16	40000	21515	21730	21946	22161	22376	22591	22806	23021	23236	23452
17	42500	22059	22280	22500	22721	22942	23162	23383	23603	23824	24045
18	45000	22554	22779	23005	23230	23456	23682	23907	24133	24358	24584
19	47500	23004	23234	23464	23694	23924	24154	24384	24614	24844	25074
20	50000	23412	23646	23881	24115	24349	24583	24817	25051	25285	25519
21	52500	23784	24022	24260	24497	24735	24973	25211	25449	25687	25924
22	55000	24122	24363	24604	24845	25087	25328	25569	25810	26051	26293
23	57500	24429	24673	24917	25162	25406	25650	25895	26139	26383	26627
24	60000	24708	24955	25202	25449	25696	25943	26191	26438	26685	26932
25	62500	24962	25211	25461	25711	25960	26210	26460	26709	26959	27208
26	65000	25193	25445	25696	25948	26200	26452	26704	26956	27208	27460
27	67500	25402	25656	25910	26164	26418	26672	26927	27181	27435	27689
28	70000	25593	25849	26105	26361	26617	26873	27129	27385	27640	27896
29	72500	25766	26024	26282	26539	26797	27055	27312	27570	27828	28085
30	75000	25924	26183	26442	26702	26961	27220	27479	27739	27998	28257
31	77500	26067	26328	26589	26849	27110	27371	27631	27892	28153	28413
32	80000	26198	26460	26721	26983	27245	27507	27769	28031	28293	28555
33	82500	26316	26579	26842	27105	27369	27632	27895	28158	28421	28684
34	85000	26424	26688	26952	27216	27481	27745	28009	28273	28537	28802
35	87500	26522	26787	27052	27317	27582	27848	28113	28378	28643	28908

II.

Rate of tax per year of Rs. 2000/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Septe-mber	October	Nove-mber	Dece-mber	January	Febr-uary	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	6000	5471	5526	5580	5635	5690	5745	5799	5854	5909	5963
4	8000	6974	7043	7113	7183	7253	7322	7392	7462	7532	7601
5	10000	8340	8423	8507	8590	8673	8757	8840	8924	9007	9090

III.

Rate of tax per year of Rs. 1500/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Septe-mber	October	Nove-mber	Dece-mber	Jan-uary	Febr-uary	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	4500	4103	4144	4185	4226	4267	4308	4349	4390	4431	4472
4	6000	5230	5282	5335	5387	5439	5492	5544	5596	5648	5701
5	7500	6255	6318	6380	6443	6505	6568	6630	6693	6755	6818

IV.

Rate of tax per year of Rs. 1000/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Septe-mber	October	Nove-mber	Dece-mber	January	February	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	3000	2736	2763	2791	2818	2845	2873	2900	2928	2955	2982
4	4000	3487	3522	3557	3592	3626	3661	3696	3731	3766	3801
5	5000	4170	4212	4253	4295	4337	4379	4420	4462	4504	4545

V.

Rate of tax per year of Rs. 750/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Septe-mber	October	Nove-mber	Dece-mber	January	Febr-uary	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	2250	2052	2073	2093	2114	2134	2155	2175	2196	2216	2237
4	3000	2615	2641	2667	2693	2720	2746	2772	2798	2824	2850
5	3750	3127	3158	3190	3221	3252	3283	3315	3346	3377	3408

VI.

Rate of tax per year of Rs. 500/-		Amount payable under OTPT if payment is made in the months
Number of years	Payable as per Schedule I	April to June	July	August	Sept-ember	October	November	Dece-mber	Jan-uary	Febr-uary	March
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
3	1500	1368	1382	1395	1409	1423	1436	1450	1464	1477	1491
4	2000	1743	1760	1778	1795	1813	1830	1848	1865	1882	1900
5	2500	2085	2106	2127	2148	2168	2189	2210	2231	2252	2273

BARCODE

FORM A

One Time Profession Tax Payment Certificate

[Under sub-section (3) of section 8 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975]

Tax Payment Certificate No.

This is to certify that ……………………………………………….. whose details are given below he is enrolled person under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.

(1)	Enrollment Number	–
(2)	PAN	–
(3)	Name as per PAN	–
(4)	Trade Name	–
(5)	Schedule Entry	–
(6)	Address	–
(7)	Period covered under OTPT scheme –	From ………. To …………….

The holder of this certificate has discharged his Profession Tax liability for the period from …………..to …………. After completion of this period he will be liable to pay tax, if applicable, as per the provisions of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.

Place:	Digital Signature:
Date:	Designation:

(Note.-This certificate is valid under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 only for the period mentioned above and for the payment made under the OTPT scheme by an enrolled person whose details are mentioned in this certificate. Tax liability for any other periods or under any other Act administered by the Department is not covered by this certificate. Authenticity of this certificate can be checked on www.mahagst.gov.in.)

The Author Mr. Raj C Doshi is a CA in Practice and Proprietor at R C D & Co., Chartered Accountants, Mumbai.

(Author can be reached at raj@rcdco.in)