Periodicity of PTRC dealers for F.Y. 2021-22

-

Periodicity for filing Maharashtra PTRC returns for the F.Y. 2021-22 declared

PTRC return periodicity for FY 2021-22

Every dealer registered under The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 required to file monthly or annual (as applicable) returns declaring monthly number of employees on the basis of amount of salary. Mahagst department has released periodicity for the FY 2021-22. 

1. How the periodicity of filing PTRC returns determined? 

Periodicity of filing PTRC returns determined on the basis of amount of tax liability during the previous year. 

a). If dealer having PTRC liability more than Rs. 1,00,000/- during the FY 2020-21, he will file PTRC returns on monthly basis for the FY 2021-22. And due dates will be last date of the month to which return relates. 

b).If dealer having PTRC liability less than Rs. 1,00,000/- during the FY 2020-21, he will file annual PTRC return for the FY 2021-22. And due dates will be 31st March 2022. 

2. What is the cut-off date for calculating threshold limit of Rs.1,00,000/-?

As per instruction by the MahaGST department, PTRC payment made and return filed up to 10/04/2021 are considered for calculating threshold of Rs. 1,00,000/-

3. What is the periodicity for filing PTRC returns during the first year of registration?

Newly registered dealer shall file monthly returns till the end of the year in which registration taken.

4. How to check PTRC return filing periodicity for the FY 2021-22?

Download excel file using following link and search your PTRC number in excel sheet. https://mahagst.gov.in/sites/default/files/PTRC_PERIODICITY_2021-22.xlsx

5.What is the late fees payable for filing PTRC returns after due date?

If an employer failed to file PTRC returns within prescribed due date, he shall pay by way of late fees amount of :

  • Rs. 200/- for first 30 days of delay after the due date;
  • Rs. 1,000/- thereafter 
Maharashtra Profession tax returns amnesty scheme 2022: Read here

Comments

Post a Comment

Popular posts from this blog

PF payment due dates for the FY 2020-21 for tax audit reporting

-
Image
PF payment due dates for the FY 2020-21 for the purpose of tax audit reporting While preparing Tax Audit Report in Form 3CD it is important to fill due date of payment to various Employees contribution fund and actual payment of the contribution. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va)" Most commonly reported funds under the clause are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI may result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2020-21 for quick reference  PF payment due dates for the FY 2020-21 Period Due date Day Extended date Reference Apr-20 15/05/2020 Friday                                -                           -   May-20 15/06/2020 Monday                  
Continue Reading

PF payment due dates for the FY 2021-22 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2021-22 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2021-22 for quick reference. PF payment due dates for the FY 2021-22 Period Due date Day
Continue Reading

Format of shorter notice consent for AGM (Annual General Meeting)

-
Image
Format of shorter notice consent for AGM (Annual General Meeting) Background The Companies Act mandates companies to issue a notice to members calling a general meeting at least 21 clear days before the date of the meeting. Sometimes, the matters in urgency require quick decision making and in such circumstances, the companies may go for calling general meetings at shorter notice. However, in case of the private limited companies the period can be less than 21 days as provided in the Articles of Association (AOA). Provision and Rule As per the provisions of Section 101 (1) of the Companies Act, 2013, every general meeting of a company may be called by giving not less than twenty-one days clear notice in writing or through electronic mode in such manner as provided under Rule 18 of Companies (Management and Administration) Rules 2014. What is Consent for shorter notice? It is permission obtained by the company from its shareholders, in advance, to call a general meeting at an earlier da
Continue Reading

PF payment due dates for the FY 2022-23 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2022-23 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2022-23 for quick reference. PF payment due dates for the FY 2022-23 Period Due Date Day Extended D
Continue Reading

Letter of Authority for Tax Practitioners (Income tax)

-
Image
LETTER OF AUTHORITY I/We ________________ Proprietor/Partner/Director of _______________________ hereby authorize Mr/Mrs/ CA __________________________ [   to appear, represent and settle on my/our behalf the Income tax assessment proceeding/s before the Income tax officer / Assistant/Dy. / Commissioner of Income tax or in appeal before the Appellate Assistant Commissioner of Income   Tax, Commissioner of Income tax (Appeal) or the Appellate tribunal or the Board of Direct taxes for the assessment year 20XX-XX and   [ to produce accounts and documents / statements and to receive on my/our behalf any notice or documents / statements issued in connection with the said proceedings ] or/and [ to apply for, obtain and receive refund order in respect of the said assessment (if any) and ] or/and [ to apply for copies of the Income tax assessment order, the Appellate order or the order of the Commissioner of Income tax, the Central Board of Direct-taxes ] . I/
Continue Reading