What is Mahagst?
MahaGST is a tax administration and online portal used for making GST registrations in the state of Maharashtra and GST online payments simple for the people in Maharashtra.09-Dec-2019
Steps-:
How do I register for PTEC in Mahagst site?
The Certificate of PTEC or PTRC is to be applied by a person within Thirty days from the date he is liable to pay Professional tax. Following is the step wise registration process for PTEC and PTRC: Login to web site www.mahagst.gov.in: – Select other acts and registration.28-Mar-2020
Go to www.mahavat.gov.in Click – login ● Enter - login ID:- Password:- Type: – DEALER ● Click – login ● Click – Download ● Select – Forms ● Select – Electronic form ● Select – Form IIIB ● To fill in Form – IIIB & filling paid challans details.
Why is PT deductible Feb 300?
Now the question comes why Govt has decided to deduct 300/- in Feb month, so the reason is “less number of days are in Feb month”, in comparison of other months. Once we calculate PT month wise, it goes around 300/- INR for Feb and 200/- INR rest of the months. Hope this will help you to understand.24-Sept-2013
Select the bank where you have your bank account. have to be filled in. verify the details entered by you once again and click O. K. You will get a message showing G. R. N. (Government Reference Number).
How can I file PTEC return in Maharashtra?
Step 1: First download the Form III-(B) . Click here to Download the Form III-(B). Step 2: When form downloaded then open the form by double click on form. Step 3: Then fill the necessary details like Professional Tax registration certificate no., Location, Period etc.
Every GST registered dealer whether dealing in taxable or exempt goods also needs to Register under PTEC and pay PT Return. Recently Profession Tax Department of Maharashtra is sending SMS to all GST Registration holders to register for PT and file its return.
What is the due date for professional tax payment in Maharashtra?
Every enrolled person shall pay the tax within one month from the date of enrolment in the first year, thereafter by 30th June of every year.
Applicability of PTEC: Every person who is engaged in any profession (business or service) excluding that of Partnership firm or HUF is liable to pay a profession tax of Rs. 2,500/- p.a. with the government every year after the incorporation or commencement of business.16-Jul-2021
What is mean by PTEC?
PTEC stands for Professional Tax Enrolment Certificate and PTRC stands for Professional Tax Registration Certificate. Usually these Registration are required to conduct business in Maharashtra and in many other States.22-Mar-2021
Find out your Profession Tax Number
Can we file nil Ptrc return?
Even if there is no PT to be paid its our duty to file nil return. As per PTO rule if there total of Tax amount is less that 3000/- per QTR there is option of filing once in 3 months. PTO has rights to reduce the fine amount.23-Dec-2011
Late Fee for dalay up to 30 days in filing PTRC return reduced to Rs. 200/- • Rs. 1000/- Late Fee for delay of more than 30 days in late filing PTRC return • Now no penulty u/s 5(5) of the Profession Tax Act if person liable for enrolment has failed to apply within the prescribed time (w.e.f. 9th July 2019).
Who is liable for Ptrc registration?
The PTRC is to be obtained by every person who is liable to deduct profession tax of any employee whose monthly salary is above Rs. 7500.
Professional tax is a direct tax that is deducted from your gross salary by your employer. This tax is levied by the state government and thus can vary depending on the state you live in. The maximum limit of which you can be charged is Rs 2500. The tax is calculated based on the slabs.
How is PT calculated?
How it is paid is by dividing the annual professional tax due into 12 equal installments that are paid every month, except the one paid in February which is higher than the other months. There may also be situations where sources of income falling under different sectors will also be liable for a separate tax.
The amount of professional tax collected does not exceed Rs. 2500 per annum. Under Section 16(iii), a deduction from salary can be claimed by the taxpayer on account of professional tax paid. The deduction for professional tax will be allowed in the year in which the tax is actually paid by the employee.
What is GRN verification?
1. GRN No : User must know the GRN Government Reference Number (GRN) generated on the Challan to uniquely. identify the payment to be made by the user. ( 18 digit GRN generated is properly noted and saved)
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What is a bank challan?
Banking Challan "A challan or bank challan is defined as an official document, form, or piece of paper used to credit money from one account to another. It is almost similar to the deposit slip available in the bank with which you can deposit money into someone's account in cash.
What is Mahagst?