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...
Goods and Services Tax : Government has introduced a scheme to solve disputes between Maharashtra government and taxpayers. Amnesty Scheme will be called a...
Goods and Services Tax : Unlock the details of Gujarat Professional Tax & Amnesty Scheme-2022. Explore the nuances of professional tax in India and how Guj...
Finance : PTRC-PTEC Registration 1. What is Professional Tax? Professional tax is a state level tax which is imposed on income earned by...
Goods and Services Tax : MEANING – PROFESSIONAL TAX Unlike the name, Professional Tax is not a tax which is applicable on professionals only, it is tax w...
Goods and Services Tax : Learn why the Goods and Services Tax Practitioners Association of Maharashtra requests an extension for filing PTRC returns due to...
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 : In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea ne...
Goods and Services Tax : No Profession Tax on salaries less than 15,000/- (earlier applicable from Salary of Rs.5,000/- onwards). There are only two taxabl...
Goods and Services Tax : Bihar government has decided to impose professional tax on central and state governments officers and employees, Railways, boards ...
Income Tax : Calcutta High Court ruling states payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disall...
Goods and Services Tax : Get the latest update on the Maharashtra State Tax Amendment Rules 2024 issued by the Finance Department. Learn about the changes ...
Goods and Services Tax : Govt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Bill, 2023 to noti...
Goods and Services Tax : The Government of Karnataka on February 24, 2023, notified that bill Karnataka Tax on Profession, Trades, Callings and Employments...
Goods and Services Tax : Last date of filing PT return return in Form III for Year Ending 2021-22 is extended to 31.5.2022 in West Bengal vide order dated ...
Goods and Services Tax : Late fee waiver Notification dated 25 Feb 2022 has been issued by Government of Maharashtra. All Profession Tax returns pending up...
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.
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 the rules, which is certified by a […]
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 crore.
The Government of Maharashtra amended the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 (PT Rules) vide above referred notification making it mandatory for the new and all the existing Profession Tax Payers to communicate their income tax PAN or TAN or both, as the case may be, to the Department.
Atul Kumar A. PT/VAT/CST 1) Date on which Turnover limit exceeded [not required in case of Voluntary Registration] 1. Sales 1. Date of Sale 2. Bill No. 3. Name & Address of the vendor 4. Name of Commodity 5. Amount (Rs.) 2. Purchases 1. Date of Sale 2. Bill No. 3. Name & Address of […]
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 […]
No Profession Tax on salaries less than 15,000/- (earlier applicable from Salary of Rs.5,000/- onwards). There are only two taxable slabs salaries between 15,001/- to 20,000/- PT Rs.150/- PM and salaries above Rs.20,000/- PT Rs.200/- PM.
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.
No. PFT-2012/46/Adm-20.In exercise of the powers conferred under clause (a) of sub-section (2) of section 8 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, (Mah, XVI of 1975) the Commissioner of Profession Tax, Maharashtra State, Mumbai hereby, in respect of the period from 1st April 2012 to 31st March 2013, specifies the date as mentioned in the column (3) of the SCHEDULE appended hereto to be the due date for the purpose of payment of tax due from enrolled person as stated in column (2) of the said SCHEDULE, as follows, namely :—
Government of Maharashtra hereby specify that, with effect from the 1st July 2012, every employer holding Profession Tax Registration Certificate shall pay tax, interest, penalty or any amount due and payable by or under the said Act, electronically in the manner as specified in the said rule 45A.
