REFORMS IMPLEMENTED BY GST DEPARTMENT OF MAHARASTRA

1. Profession Tax & GST Registration integrated with Incorporation of Company:

• Profession Tax registration given with Incorporation of Company.
• GST registration can be obtained with Incorporation of Company.
• Please refer Sec 5(3A) of the Profession Tax Act.

2. Relief for Newly Incorporated Companies:

• Pay PTRC and file PTRC return only after commencement of liability under the Profession Tax Act.
• Please refer Sec 6(1) of the Profession Tax Act.

3. Online process of Payment and Return Filing for Profession Tax

• Payment of PT, MVAT, CST and GST is online only.
• Over the Counter facility is available for Small PT Taxpayers.
• PTEC & PTRC can be paid through android and iOS mobile app ‘MahaPT’.
• No return for PTEC.
• PTRC Return filing is completely online.
• Yearly PTRC return for Small Taxpayers up to Rs. 1 Lakh liability in previous year.

4. Due date for paying PTEC changed

• Pay PTEC by 31st March of that F.Y.
• Earlier it was 30th June of that F.Y.

5. PTEC & PTRC Payment can be made together

• Pay PTEC & PTRC tax together and save time and efforts.
• Please refer Trade Circular 52T of 2019.

6. Reduction in Late Fee for delay up to one month

• 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 penalty 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).

7. Due date for paying PTRC & filing return extended from time to time

Due date of paying PTEC and PTRC and filing returns under PTRC extended from time to time due to Covid-19 Pandemic whenever required.