profession tax

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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Maharashtra Profession Tax One Time Payment of Tax Scheme

Goods and Services Tax - 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

Goods and Services Tax - 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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How to Deposit Punjab State development / Professional Tax

Goods and Services 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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Profession Tax on Housing Societies in Maharashtra

Goods and Services Tax - 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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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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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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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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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, f...

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

Trade Circular No. 6T 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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Recent Posts in "profession tax"

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. ...

Read More

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...

Read More

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 ...

Read More

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....

Read More

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....

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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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