profession tax

Professional Tax Registration

Goods and Services Tax - Professional Tax Professional Tax is like Income tax but is collected by the State Government. But unlike its name suggests it is not just levied only on professionals. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment. It is levied […]...

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Maharashtra Profession Tax Act- Synopsis of PTEC & PTRC

Goods and Services Tax - In this article we have discussed the synopsis of Professional Tax Enrollment Certificate (PTEC) and Professional Tax Registration Certificate (PTRC) in Maharashtra: PTEC: Q 1. Who is liable for PTEC registration? Ans: As per the amendments in the Profession Tax Act 1975, a person (natural / legal) registered under MGST Act is liable to ...

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Profession Tax Provisions in Maharashtra with PT Rate Chart

Goods and Services Tax - This article gives you basic information and practical aspects of the Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. This article will help to solve majority of the minor doubts which arise while complying under Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. The article c...

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Karnataka extends Due dates of Professional Tax, VAT, KTEG & Sales tax

Goods and Services Tax - Karnataka – Extension of Due dates for matters concerning Professional Tax, VAT, KTEG and Sales tax Due to the Pandemic Covid-19 outbreak and subsequent lockdown nationwide causing difficulties to various taxpayers adhering to the provisions of tax laws.  The Karnataka Government extends certain due dates concerning payment of taxe...

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Viability of State’s Power in Augmenting Limits of Professional Tax in India

Goods and Services Tax - Not at all like the name proposes, the term Professional tax does not denote its true meaning. It is a kind of tax which is not just levied on the professionals but a tax levied on wide range of callings, trade and businesses and is collected dependent on the pay of such calling, trade and businesses. ...

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Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

Goods and Services Tax - In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

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Waiver of Late Fee for late filing of VAT, CST, PT & Luxry Tax returns

Goods and Services Tax - Waiver of Late Fee for late filing of VAT and CST returns in Maharashtra The Trade has represented that many technical difficulties are being faced by them while filing their returns and therefore the late fees for delayed filing of returns should be waived. The issue was examined and in order to provide relief to […]...

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Profession Tax – States wants increase in Upper limit of Rs 2,500

Goods and Services Tax - The Empowered Committee of State Finance Ministers here today demanded that the upper limit on levying the professional tax be removed. The panel after deliberating on the issue of professional tax came to the conclusion that the upper limit of Rs 2,500 imposed by the Constitution in 1988 should be waived [removed] forever,...

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Employers to obtain Certificate of Registration under the Profession Tax Act,1975, Payment of Profession Tax of employees

Goods and Services Tax - As per the provisions of section 5 read with section 4 of the Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975 (Profession Tax Act), every employer having employees on his establishment, whose salary (including all allowances) is more than the limit prescribed under the Profession Tax Act, is required to obta...

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Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020

MAHARASHTRA ACT No. XX OF 2020 - (15/09/2020) - Notwithstanding anything contained in this section, a company, which has been incorporated under the provisions of the Companies Act, 2013, after the date of commencement of the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020, shall at the time of its inc...

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Companies registered in Maharashtra to Register under Profession Tax

L. A. BILL No. XXXVI of 2020 - (07/09/2020) - Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020 as effective from 22nd July 2020 amends Section 5 and 6 of PT Act. A company, which has been incorporated under the provisions of the Companies Act, 2013, after the date of commencement of the Maharashtra St...

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Maharashtra PT- Notification to extend due date for filing return

Notification No. PFT.1220/CR.21/Taxation-3 - (02/09/2020) - Notification to extend due date for filing profession tax returns in Maharashtra FINANCE DEPARTMENT Madam Came Road. Hutatma Raiguru Chowk. Mantralaya. Mumbai 400 032, dated the 2nd September 2020. NOTIFICATION THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975 No. ...

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Maharashtra PT Registration to integrate with Company incorporation

Maharashtra Ordinance No. XIII of 2020 - (22/07/2020) - Under the initiative of Ease of Doing Business, the Government of India has directed to the Ministry of Corporate Affairs and State Government, to integrate the registration process under the Profession Tax Act with the incorporation and registration of a company under the provisions of the Companie...

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Maharashtra PT: Waiver from Late Return Filing Fees

Trade Circular No. 6T of 2020 - (30/04/2020) - Maharashtra Profession Tax -Whole of the late fee payable by the registered employer in respect of monthly or annual returns pertaining to any periods up to March 2020 and monthly period of April 2020, is exempted...

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Recent Posts in "profession tax"

Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020

MAHARASHTRA ACT No. XX OF 2020 (15/09/2020)

Notwithstanding anything contained in this section, a company, which has been incorporated under the provisions of the Companies Act, 2013, after the date of commencement of the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020, shall at the time of its incorporation, obtain the certificate of en...

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Companies registered in Maharashtra to Register under Profession Tax

L. A. BILL No. XXXVI of 2020 (07/09/2020)

Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020 as effective from 22nd July 2020 amends Section 5 and 6 of PT Act. A company, which has been incorporated under the provisions of the Companies Act, 2013, after the date of commencement of the Maharashtra State Tax on Professions, Trades, Callings...

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Maharashtra PT- Notification to extend due date for filing return

Notification No. PFT.1220/CR.21/Taxation-3 (02/09/2020)

Notification to extend due date for filing profession tax returns in Maharashtra FINANCE DEPARTMENT Madam Came Road. Hutatma Raiguru Chowk. Mantralaya. Mumbai 400 032, dated the 2nd September 2020. NOTIFICATION THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975 No. PFT.1220,CR.21/Taxation-3.— In exercis...

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Professional Tax Registration

Professional Tax Professional Tax is like Income tax but is collected by the State Government. But unlike its name suggests it is not just levied only on professionals. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment. It is levied […]...

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Maharashtra PT Registration to integrate with Company incorporation

Maharashtra Ordinance No. XIII of 2020 (22/07/2020)

Under the initiative of Ease of Doing Business, the Government of India has directed to the Ministry of Corporate Affairs and State Government, to integrate the registration process under the Profession Tax Act with the incorporation and registration of a company under the provisions of the Companies Act, 2013 (18 of 2013), so that such a...

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Maharashtra Profession Tax Act- Synopsis of PTEC & PTRC

In this article we have discussed the synopsis of Professional Tax Enrollment Certificate (PTEC) and Professional Tax Registration Certificate (PTRC) in Maharashtra: PTEC: Q 1. Who is liable for PTEC registration? Ans: As per the amendments in the Profession Tax Act 1975, a person (natural / legal) registered under MGST Act is liable to ...

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Maharashtra PT: Waiver from Late Return Filing Fees

Trade Circular No. 6T of 2020 (30/04/2020)

Maharashtra Profession Tax -Whole of the late fee payable by the registered employer in respect of monthly or annual returns pertaining to any periods up to March 2020 and monthly period of April 2020, is exempted...

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Profession Tax Provisions in Maharashtra with PT Rate Chart

This article gives you basic information and practical aspects of the Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. This article will help to solve majority of the minor doubts which arise while complying under Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. The article c...

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Karnataka extends Due dates of Professional Tax, VAT, KTEG & Sales tax

Karnataka – Extension of Due dates for matters concerning Professional Tax, VAT, KTEG and Sales tax Due to the Pandemic Covid-19 outbreak and subsequent lockdown nationwide causing difficulties to various taxpayers adhering to the provisions of tax laws.  The Karnataka Government extends certain due dates concerning payment of taxe...

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No Late Fees on PT Return for periods up to March 2019 in Maharashtra

Trade Circular No. 04T of 2020 (19/03/2020)

Office of Commissioner of Profession Tax. Maharashtra State. 8th Floor. GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/_/2020/B-196, Mumbai. Dt: 19/03/2020 Trade Circular No. 04T of 2020 Sub: Exemption from payment of Late Fees u/s 6(3) of the Maharashtra State Tax on Professions, Trades, Cal...

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Option to pay under PTRC & PTEC together in Maharashtra

Trade Circular No. 52T of 2019 (07/10/2019)

As a step forward towards Ease of Doing Business initiative, MGSTD has now introduced facility to make payment of PTRC and PTEC in single screen through its web-site. This facility is optional....

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Maharashtra Profession Tax : Administrative Relief to un-registered employer

Trade Circular No. 50T of 2019 (01/10/2019)

The power to regulate the case of delay due to technical difficulties in obtaining registration under the Profession Tax Act are hereby delegated to the Joint Commissioner of State Tax (Adm) of the respective division and for Mumbai to Joint Commissioner of Profession Tax, Mumbai....

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Maharashtra Profession Tax- One Time Payment of Tax Scheme 2019

Notification No. PFT. 1218/C.R.52/Taxation-3 (18/09/2019)

Maharashtra Profession Tax- One Time Payment of Tax Scheme 2019 under Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 FINANCE DEPARTMENT Madam Kama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 18th September 2019 NOTIFICATION THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS ...

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Maharashtra Tax Laws (Second Amendment and Validation) Act, 2019

MAHARASHTRA ACT No. XVI OF 2019 (09/07/2019)

Amendments to the Maharashtra. Profession Tax Act and Maharashtra Value Added Tax Act [Second Amendment] vide Maharashtra Tax Laws (Second Amendment and Validation) Act, 2019...

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Maharashtra Tax Laws (Amendment and Validation) Act, 2019

MAHARASHTRA ACT No. XIV OF 2019 (09/07/2019)

Maharashtra Tax Laws (Amendment and Validation) Act, 2019- Amendments to the Mah. Profession Tax Act and Mah. Value Added Tax Act [Conversion of Mah. Ordinance No. VI dated 6th March 2019]...

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Maharashtra Tax Laws (Second Amendment and Validation) Bill, 2019

L. A. BILL No. XXXVII OF 2019 (28/06/2019)

The Maharashtra Value Added Tax Act, 2002 is being amended,— (a) to enable grant of refunds or determination of net tax payable, in respect of those dealers, who are being assessed under section 23(5) of the said Act, after adjusting amount of refund claimed in the returns or mentioned in the audit report ;...

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Maharashtra PT -Returns & Tax Payment by employers- Limit increased

Notification No. PFT-2019/C.R.8/Taxation-3 (06/06/2019)

Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2019 FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 6th June 2019. NOTIFICATION MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975. No. PFT-2019/C.R.8/Taxation-3.—Where...

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Redressal of issues due to technical glitches on www.mahagst.gov.in

Trade Circular No. 38T of 2019 (01/06/2019)

Mechanism for redressal of difficulties faced by taxpayers due to technical glitches on the portal www.mahagst.gov.in. of the Maharashtra Goods and Services Tax Department...

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Professional Tax Payment process in Maharashtra

Profession Tax can be paid by visiting https://mahagst.gov.in/en/log-e-services. Refer the attached PPT for step by step instructions for Professional Tax Payment (PTEC) in Maharashtra State.    ...

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FAQ’s: Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Trade Circular No. 20T of 2019 (15/05/2019)

Clarification and FAQ’s on Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019  related to the provisions of the Ordinance more particularly relating to determination of requisite amount, un-disputed tax to be paid under the Ordinance, issue based withdrawal of the appeals etc. Office of the Comm...

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Viability of State’s Power in Augmenting Limits of Professional Tax in India

Not at all like the name proposes, the term Professional tax does not denote its true meaning. It is a kind of tax which is not just levied on the professionals but a tax levied on wide range of callings, trade and businesses and is collected dependent on the pay of such calling, trade and businesses. ...

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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, 19...

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An opportunity to put rest to age old Pre-GST Litigation

An opportunity to put rest to age old Pre-GST Litigation Recently, the Maharashtra Government introduced an Amnesty Scheme to settle all open tax disputes pertaining to pre-GST era.  This was introduced by passing an ordinance, namely, Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019. The intention ...

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Profession Tax, MVAT & CST Registration through MAITRI Portal

Trade Circular No. 14T of 2019 (31/03/2019)

Now Applicants can also apply for registration under PT Act or MVAT Act or CST Act or all on the MAITRI Portal. This is the step towards a Single Window System for all necessary registrations required for doing business in the State of Maharashtra....

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Professional Tax- Exemption from payment of late fee u/s. 6(3)

Trade Circular No. 11T of 2019 (30/03/2019)

Revocation of Late fee exemption: If it is found that the employer has not fulfilled the conditions or has submitted false information to avail the benefit of exemption then, his exemption of late fee shall be revoked and action will be taken against him as per the provisions of law....

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How to Deposit Punjab State development / Professional Tax

Deposit of Punjab Professional Tax Introduction Article 276, Clause 2 of the Indian Constitution covers the provision concerning professional tax in the country. Professional tax is imposed by state governments on the individuals who are employed in governmental, private and non-governmental organizations. The quantum of levy varies accor...

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Amendments to Maharashtra VAT & PT Act, (Ordinance) 2019

Maharashtra Ordinance No. VI of 2019 (06/03/2019)

This Ordinance may be called the Maharashtra Tax Laws ( Amendment and Validation) Ordinance, 2019. It amends Amendment To Maharashtra State Tax On Professions, Trades, Callings And Employments Act, 1975...

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Profession Tax on Housing Societies in Maharashtra

SUBJECT only to State of Maharashtra, under the ‘Profession Tax Act’ and statutorily applicable without any exceptions to ‘Cooperative Housing Societies’, registered under the “Maharashtra Cooperative Societies Act. WHO IS LIABLE: 01. EACH & EVERY Housing Society (CHS), registered under the “Maharas...

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One Time Payment of Tax Scheme, 2019 (Maharashtra Profession Tax)

Notification No. PFT.1218/C.R.52/Taxation-3 (22/02/2019)

Maharashtra Profession Tax- (i) This Scheme shall be called the One Time Payment of Tax Scheme, 2019.(ii) It shall be deemed to have come into force on the 1st April 2018. Government of Maharashtra, hereby makes the following scheme to provide an optional scheme for the payment of tax, in advance, for an enrolled person, under the said Ac...

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Punjab State Development Act, 2018- 6 Things to Know

The date of enactment of The Punjab State Development Act is 16th April, 2018. It extends to the whole of the State of Punjab, and offices of the Government of Punjab and offices of any body, whether incorporated or not, which is owned or controlled by the State of Punjab situated in the capital of […]...

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Reg. Exemption from payment of late fee for delayed profession tax payment in Maharashtra

Trade Circular No. 06T of 2019 (14/01/2019)

If it is found that the employer has not fulfilled the conditions or has submitted false information to avail the benefit of exemption then, his exemption of late fee shall be revoked and action will be taken against him as per the provisions of law....

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Solution for Problems faced by taxpayer for filing Profession Tax Return!

Employer whose tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the previous year....

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Procedure to Change PT return periodicity for year 2018-19 in Maharashtra

Trade Circular No. 37 T of 2018 (03/12/2018)

Employer whose profession tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the pre...

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Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

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Due date extended for filing PT returns without late fee in Maharashtra

Trade Circular No. 28T of 2018 (19/10/2018)

Late fees is not payable for delayed return filing of Professional Tax (PT) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if  amount payable as per return been/shall be paid on or before the due date. The aforesaid employers should submit the [...

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Tax Benefits for Differently Able persons in India

Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able...

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Income / Profession Tax Benefits for Disabled / Handicapped Persons

Article discusses Benefits under Income Tax and Profession Tax Act Available to Disabled or Handicapped Persons. Income Tax Act Provides Deduction Under Section 80DD, Section 80DDB and Section 80U and also provide indirect tax benefit under section 64 of the Income Tax Act to Disabled / Handicapped Persons. ...

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Compliance Under Profession Tax (West Bengal)

Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. Profession Tax is payable at the rates specified in the Profession Tax Schedule. For Tax Schedule Click Here- Profession Tax Rate Schedule West Bengal...

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Late fee for delayed filing of PTRC returns in Maharashtra waived

Trade Circular No. 15T of 2018 (21/05/2018)

Maharashtra Government exempts whole of the late fee payable by the registered employer, in respect of the monthly or annual PTRC returns pertaining to the periods April 2016 to June 2018 is being exempted, subject to the fulfillment of eligibility condition....

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All you want to know about Punjab State Development Tax Act, 2018 (Professional Tax)

Every employee or person doing business or profession in Punjab is liable to development tax if after deduction income is above maximum exemption limit i.e. Rs. 2,50,000/- at present as per Income Tax Act. Section 4 also mention ‘Income tax payee’ which creates confusion as Person with Total Income above Rs. 3,00,000/- is income tax p...

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Punjab imposes Profession Tax on those having Business or Salary Income

Notification No.12-LegJ2018 (19/04/2018)

Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961. ...

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LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

MAHARASHTRA ACT No. XXVI OF 2018. (31/03/2018)

Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum...

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Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

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Compliance Under Profession Tax (West Bengal)-Important for Start-Up

Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. The West Bengal State Legislature enacted the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979 ...

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Maharashtra Profession Tax: Exemption from payment of Late Fees

Trade Circular No. 57T of 2017 (30/12/2017)

Office of Commissioner of Profession Tax, Maharashtra State, 8th Floor, GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/61/2017/B-2002, Trade Circular No. 57T of 2017 Mumbai, Dt : 30/12/2017 Sub: Exemption from payment of Late Fees U/s 6(3) of the Maharashtra State Tax on Professions, Trades, Calli...

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Exemption from payment of Late Fee on Profession Tax in Maharashtra

Trade Circular No. 40T of 2017 (12/09/2017)

As per Section 6(1) of The Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 (the Profession Tax Act, 1975), every employer registered under the Profession Tax Act, 1975 has to furnish return in prescribed format showing the salaries and wages paid and the amount of tax deducted by him in respect thereof. As ...

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Analysis of Changes in Profession Tax rules in Maharashtra

Trade Cir. 13T of 2017 (26/04/2017)

FM of Maharashtra presented Budget on 18th March 2017. In order to give effect to announcements made in house, certain amendments have been made to Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975. ...

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Waiver of Late Fee for late filing of VAT, CST, PT & Luxry Tax returns

Waiver of Late Fee for late filing of VAT and CST returns in Maharashtra The Trade has represented that many technical difficulties are being faced by them while filing their returns and therefore the late fees for delayed filing of returns should be waived. The issue was examined and in order to provide relief to […]...

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Documents required for MVAT, CST, Luxury / Entry/ Profession Tax Registration

List of documents required for registration under 1. MVAT Act, 2002-FORM 101 2. CST Act, 1956-CST FORM A 3. Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 4. Maharashtra Tax on Luxuries Act, 1987 -Luxury- FORM 4 5. Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002- Entry Tax FORM 1...

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FAQs on Maharashtra Profession Tax Amnesty Scheme-2016

Govt. of Maharashtra has declared an Amnesty Scheme for the persons who have not obtained enrolment certificate yet. Government has decided to take stringent action against the defaulters after the scheme is over. This is the last chance given by Government before initiation of action....

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“Messi” Likes mess up, in Tax Laws. Avoid It!

Krishna, Football lovers know the missed penalty kick by famous football player Messi and its impact on him. Further he has been punished for tax evasion in his country. Recently Income Tax Department had posted advt. of Foot Ball Goal and Income Declaration Scheme, 2016. So as to avoid such a situation, in a taxpayer’s life, how should...

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Highlights of Profession Tax Enrollment Amnesty Scheme 2016

The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st April, 1975. Under this act, every self employed person engaged in any profession, trade, callings and employment in the state of Maharashtra is required to obtain Enrollment certificate registration ...

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How to Register under PTRC in Maharashtra

In this Article we discussed step wise Registration procedure for Professional Tax Registration Certificate (PTRC) in Maharashtra. PTRC certificate is to be obtain by every person who is an employer (other than Government Officer) and liable to deduct & deposit Professional Tax on behalf of an employee. An Employer has to apply for PT...

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How to Register under PTEC in Maharashtra

In this Article we discussed step wise Registration procedure for Professional Tax Enrollment Certificate (PTEC) in Maharashtra. This certificate is to be obtain by every person who is liable to pay tax under this act (other than salary or wages earners in respect of whom tax is paid by employer). A Person has to apply for PTEC [&hellip...

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Profession Tax Amnesty Scheme- Pay for 3 Instead of 8 Years

Profession Tax comes in the ambit of Maharashtra Sales Tax Department and is named as Maharashtra State Tax on Profession, Trade, Calling and Employment Act 1975. Every self-employed person has to pay profession tax every year. But due to the lack of knowledge about profession tax, many taxpayers neither follow nor pay profession tax. ...

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Amendment to SCPT Act, PT Act, Entry Tax Act, MVAT Act

L.A. BILL No. XVIII OF 2016. (07/04/2016)

he Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, is being amended to,— (i) exempt the armed members of the Border Security Force and the Central Armed Reserve Police Forces from payment of tax; (ii) to provide that, the tax liability of the persons, who have remained un-enrolled shall be restricted to...

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PT Late fee exemption to Aided Educational Institutions

No. PFT 1216/ C.R. 26/ Taxation-03 (02/04/2016)

Employer being an educational institution which receives grant-in-aid from the State Depart Government (a) Return specified in column (c) shall be filed on or before the 30th June 2016 on the website of the Sales Tax Department....

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Payment & Return Filing Due dates of PT, VAT & Luxury Tax in Maharashtra

Tax Calendar for filing of Return And payment of taxes under (MVAT ACT) in the State of Maharashtra 1. MONTHLY Sr. No. Month Due Dat Sr. No. Month Due Date. 1 April 21st May 7 October 21st November 2 May 21st June 8 November 21st December 3 June 21stJuly 9 December 21stJanuary 4 July 21stAugust […]...

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Updated Profession Tax Rates in Maharashtra

Maharashtra Government has presented its Additional Budget on 05th June 2014 through its Deputy Chief Minister And Finance Minister Shri Ajit Pawar in his Budget FM has increased Minimum salary limit for Profession Tax from Rs. 5000 to Rs. 7500 which has come into effect from From July 2014 on salary payable in August 2014. ...

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Holi & Maharashtra Budget: Cheerful Farmers & Stressful Taxpayers?

Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black....

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Maharashtra State Budget Highlights 2016

1. Concept of fair market price is being introduced. It is proposed to give powers to assess a dealer on the basis of fair market price if goods are sold below market price with intention to evade tax. 2. Registration of dealer shall be cancelled if false documents are submitted for obtaining registration...

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Maharashtra Budget: Changes in VAT, PT, Entry Tax, Amnesty Scheme

Maharashtra Government has presented its Budget for 2016-17 on 18th March 2016. We are presenting proposed Changes in Computerization in Sales Tax Department, Amendments to the Value Added Tax Act, Entry Tax, Profession Tax, Sugarcane Purchase Tax, Motor Vehicle Tax, Lottery Tax, Composition Scheme,Changes to set off rules and Amnesty S...

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Highlights of Maharashtra State Budget Dated 18.03.2016

Part I: Profession Tax 1. In case of late registration for Profession Tax penalty will be restricted to 3 years instead of earlier 8 years. 2. Exemption to armed personnel of CRPF & BSF. 3. No late filing fee for Government aided educational institutions. Part II: Amnesty Scheme under VAT for disputed dues: 1. For […]...

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Revised Procedure for MVATCSTPTRCPTEC Registration in Maharashtra

Initially separate applications were required to be made with the Registering Authorities for registration under MVAT, CST and PT Acts. The application were received by different Registering Authority and processed in silos for granting registration under different Acts....

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Maharashtra Budget, 2015- Key Indirect tax Amendments

1. Local Body Tax- Local Body tax is proposed to be abolished from 1st August, 2015 and the loss of revenue due to the abolishment shall be compensated by enhancing the rate of Value Added Tax. 2. Entry Tax- Entry Tax at 5% is proposed to be levied on import of Long Steel....

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Maharashtra Budget- Major Tax Highlights- LBT Scrapped wef 01.08.2015

Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. Women drawing salary upto to Rs. 10000 per month exempted from Profession Tax . Tax rate on ladies Hand Bags and Purses reduced from 12.5 per cent to 5 per cent. Work Book, Graph Book, Drawing Book and Laboratory Book for student's tax ...

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Maharashtra Budget 2015- Salient Features

SAILENT FEATURERS OF THE BUDGET SPEECH OF HON. FINANCE MINISTER SHRI SUDHIR MUNGANTIWAR ON WEDNESDAY, 18TH MARCH 2015 Part 1 Main Thrust Areas : Emphasis on dry land farming, accelerated development of infrastructure, removal of disparity, development of urban areas and generation of employment opportunities for youth. Stringent measures ...

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Procedure for Combined new Registration under MVAT, CST and PT Act

Trade Circular No 4 T of 2015 (09/03/2015)

The dealers/persons/employers, hereinafter referred to as the applicants, desirous of seeking registrations under the Maharashtra Value Added Tax Act (MVAT), Central Sales Tax Act (CST) and the Profession Tax Act (PT) need to make online applications under the relevant Act. These applications are required to be made separately. After succ...

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Recent Amendments In Maharashtra VAT, PT & Luxury Tax

PART 1: AMENDMENTS IN PROFESSION TAX New Rate schedule w.e.f. 01/07/2014 for employers paying salary Monthly Salary Rate Rs. 0 – 7,500 NIL Rs. 7,501-10,000 Rs.175 p.m. Above 10,000 Rs.200 p.m. (Rs.300 for Feb) Section 27(A)(e) substituted: Any person with Intellectual and Development Disabilities (mental retardation) specified in th...

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Key Highlights of Maharashtra State Additional Budget on Tax and Other Proposals

Minimum salary limit for Profession Tax increased from Rs. 5000 to Rs. 7500. Turnover limit for registration under VAT increased from Rs. 5 lakhs to Rs. 10 lakhs. Tax Rate on Cotton reduced from 5 percent to 2 percent. Sugarcane Purchase Tax exempted for 20 13-14. Turnover limit for filing audit report increased from Rs.60 lakhs to Rs.1 c...

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Profession Tax Notice to Companies Registered in Maharashtra

As per the provisions of Maharashtra State Tax on Professions, Trades, callings and Employments Act 1975 (PT Act) an employer even having a single employee whose gross salary is above Rs.5000/- for any month of the year is liable to obtain Profession Tax Registration Certificate (PTRC) and pay the Profession Tax(PT). ...

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Profession Tax – Review of Latest Amendments in Maharashtra

 1)        Profession Tax E-Enrollment- 3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under this section for the periods for which he has remained so un­enrolled shall not exceed eight years from the end of [&helli...

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Procedure for VAT / CST / PT Registration in Maharashtra

This Articles explains Procedure for VAT / CST / PT Registration in Maharashtra and also documents required for Registration. Articles also contain format of Related Forms and NOC to be submitted with Sales Tax Authorities. ...

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FAQ on Profession Tax (PT) in Maharashtra

Who is liable to pay Profession Tax?Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the classes mentioned in the second column of Schedule I appended to Profession Tax Act, is liable to pay Profession Tax....

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How to apply online For Obtaining Profession Tax Registration or Enrolment Certificate

a) Log on to the web-site of the Sales Tax Department, Govt. of Maharashtra at www.mahavat.gov.in b) Thereafter on the home page Click e-PT Registrations in e-services link. c Next, e-Registration Information – (information for PTRC or PTEC Registration) page will open. Employer/person should enter/select details such as Name of Appli...

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Maharashtra – e-payment of Profession Tax

Trade Circular. 1 T of 2012 (11/01/2012)

The dealers under the MVAT Act 2002 and the CST Act 1956 are successfully using the facility of filing electronic returns and making e payments on www.mahavat.gov.in. the web site of Maharashtra Sales Tax department (MSTD) This facility was to be provided to the profession tax registration certificate holders (PTRC) and the profession tax...

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Profession Tax – States wants increase in Upper limit of Rs 2,500

The Empowered Committee of State Finance Ministers here today demanded that the upper limit on levying the professional tax be removed. The panel after deliberating on the issue of professional tax came to the conclusion that the upper limit of Rs 2,500 imposed by the Constitution in 1988 should be waived [removed] forever,...

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PT Circular 12T of 2011 on Relief in Profession Tax to Mathadi Mandal, Mathadi kamgar etc in Maharashtra

PT Circular No. 12 T of 2011 (03/08/2011)

PT Circular 12T of 2011 on Relief in Profession Tax to Mathadi Mandal, Mathadi kamgar etc. ...

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Notification for PT Amendment Rules

No.PFT-1011/CR11/Taxation-3 (31/01/2011)

Whereas the .Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 and to dispense with the, condition of previous publication thereof under the proviso to sub-section (3) of ...

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E- Services enrolment/Registration for Profession Tax RC holders (PTRC)

NA (06/11/2010)

E-services initiative of the Sales Tax Department, especially of e-return filing and e-payment facility, is welcomed by all as it is simple, fast and reliable. Due to active and whole hearted support and co operation of all the concerned, Sales Tax Dept. could implement e-Services successfully for MVAT Act....

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Extension of Due Date for payment of Profession Tax for the FY 2010-2011

No. PFT/2010/Adm- 29/NTF (30/06/2010)

The Government of Maharashtra has extended the Due Date for payment of Profession Tax for the FY 2010-2011 to 31st July, 2010.The Profession Tax Department has allotted new Enrollment and Registration Numbers. The new Enrollment Numbers starts with "99" and ends with the alphabet "P" whereas the new Registration Numbers starts with "27" a...

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Employers to obtain Certificate of Registration under the Profession Tax Act,1975, Payment of Profession Tax of employees

As per the provisions of section 5 read with section 4 of the Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975 (Profession Tax Act), every employer having employees on his establishment, whose salary (including all allowances) is more than the limit prescribed under the Profession Tax Act, is required to obta...

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Clarification on changes in profession tax rates

Trade Cir. No. 32T of 2009 (24/11/2009)

To give effect to the Budget proposals, a Bill (Legislative Assembly Bill No. XIV of 2009) to amend the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975 was introduced in the Legislature. The said Bill has been passed by both the houses of the Legislature. The Act is now published in the Maharashtra Governme...

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Profession Tax Amnesty Scheme for defaulters in Maharashtra

Trade Cir.No.30T of 2009 (03/11/2009)

The Amnesty Scheme is open for the period from 1st August, 2009 to 31st March, 2010 and is called "Profession tax Enrollment Incentive scheme 2009"....

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Instruction – E- Application For MVAT Registration

1.         Dealer log  on to web-site  www.mahavat.gov.in 2.       Click on e-registration in   e-services column on home page. 3.   Instruction sheet – Detailed guidelines regarding application process flow, location details, list of required documents are provided in the instruction sheet. Click “next”...

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Provision amended in Budget related to Profession Tax, Bombay Stamp Duty Act, and Bombay Motor Vehicle Tax Act applicable w.e.f. 01.07.2009

Notification No. VAT 1509/ C.R. 78/ Taxation-1 (29/06/2009)

In exercise of the powers conferred by clause (a) of sub-section (2) of section 1 of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2009 (Mah. XVII of 2009), the Government of Maharashtra hereby appoints the 1st July 2009 to be the date on which sections 1, 2, 3 and 4 of the said Act shall come into force....

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New Profession Tax Rates in Maharashtra & Provisions

Profession Tax in Maharashtra - In Maharashtra (Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975), Profession Tax is applicable both on Individuals & Organizations (Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate b...

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Highlight of Maharashtra State Additional Budget 2009

As Maharashtra braces up for polls and celebrates its golden jubilee year, it tabled a revenue-deficit budget for the year 2009-10 on 4th June 2009 that focuses on infrastructure development and social sector. The major highlights and changes proposed are noted below : Penalty for late returns under MVAT Act reduced to Rs.5,000/- from Rs...

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