Goods and Services Tax : The guide clarifies the difference between PTEC and PTRC registrations under Maharashtra Professional Tax law. It explains who mus...
Goods and Services Tax : KSCAA's fourth appeal to Karnataka CM for critical upgrades to the Professional Tax portal, addressing technical glitches, payment...
Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...
Goods and Services Tax : Who is liable to pay Professional Tax in Maharashtra? Any individual or entity engaged in a profession, trade, calling or employme...
Income Tax : Explore the amended Professional Tax Schedule in Karnataka effective from 01/04/2023. Understand the tax liabilities, exemptions, ...
Finance : Taxpayers face issues with Karnataka PT portal due to OTP failures. Association requests technical fixes and 3-month due date exte...
Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...
Goods and Services Tax : KSCAA urges Karnataka Govt. to extend professional tax deadline amidst technical issues, fostering trade & industry relief. Detail...
Goods and Services Tax : KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment o...
Goods and Services Tax : Periodicity for Paying Tax and Filing Return under PT Act for the F.Y. 2021-22 Instructions:‑ 1. Periodicity of the PTRC dealers...
Goods and Services Tax : Due to technical issues on the new tax portal, late fees for Profession Tax returns were waived if tax was paid by 15 March 2026. ...
Goods and Services Tax : The State Tax Department allowed taxpayers to pay profession tax using PAN after system migration caused portal access issues. Reg...
Goods and Services Tax : The amendment extends the deadline for settling tax arrears from 31 December 2025 to 31 March 2026, giving taxpayers additional ti...
Goods and Services Tax : The last date for online filing of West Bengal Profession Tax returns for FY 2023-24 is extended to 15-06-2024, with paper submiss...
Goods and Services Tax : Learn about the latest notification from the Maharashtra Finance Department granting late fee waivers for Profession Tax Payers. U...
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 he play with the tax law while doing business in India?
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 and pay Profession Tax as prescribed in the law.
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 PTRC certificate […]
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 […]
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.
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 only three preceding years, if they apply for enrolment during the period from the 1st April 2016 to the 30th September 2016 and also to those, whose application for enrolment is pending on the 1st April 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.
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 […]
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.
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
