profession tax

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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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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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 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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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 Maharasht...

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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 STA...

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Recent Posts in "profession tax"

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 ...

Read More

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...

Read More

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...

Read More

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...

Read More

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....

Read More

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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