Professional Tax (PTRC) Amnesty Scheme 2018

Due Date extended for filing PT Returns without late fee in Maharashtra   

Due Date extended for filing PT Returns without late fee in Maharashtra                                                                    

Late fees are not payable for delayed return filing of Professional Tax (PTRC) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if the amount payable as per return should have been/shall be paid on or before the due date. The aforesaid employers should submit the monthly or, as the case may be, annual returns pertaining to the periods April 2016 to November 2018 on or before 31st December 2018.

Exemption from payment of late fee u/s. 6(3) –

  1. Kindly refer to Trade Circular No. 15T of 2018 dated 21.05.2018. By this circular, the whole of the late fee payable by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to June 2018 was exempted subject to fulfilment of eligibility conditions due to technical difficulties faced by the taxpayers.
  2. As these technical difficulties are not fully resolvedit is proposed to extend the date of filing returns without payment of late fee. Hence, under the powers conferred by Notification No. PFT-2014/CR-38/taxation dated 21.08.2014 issued by the State Government on the proviso of section 6(3) of the Profession Tax Act, 1975 the whole of the late fee payable by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 is exempted subject to fulfilment of eligibility conditions mentioned below:
  3. Eligibility Conditions:-

          i) Any amount payable as per return should have been/shall be paid on or before the due date.

        ii) The aforesaid employers should submit the monthly or, as the case may be, annual returns pertaining to the periods April 2016 to November 2018 on or before 31st December 2018.

   4.  Needless to mention that no refund or adjustment against any tax liability shall be allowed where the late fee has already been paid.

  5.  Revocation of Late fee exemption: If it is found that the employer has not fulfilled the conditions or has submitted false information to avail the benefit of exemption then, his exemption of late fee shall be revoked and action will be taken against him as per the provisions of law.

This Post Has 2 Comments
  1. One of my clients has not filed PTRC annual return for 2017-18.Whether he has to pay interest and late fee if he files the return now?

Leave a Reply

Your email address will not be published. Required fields are marked *

 

To comply with regulations stipulated by the Code of Ethics prescribed by Institute of Chartered Accountants (ICAI) of India that does not permit solicitation in any form or manner, by accessing this site you acknowledge that you are seeking information of your own accord and volition and that no form of solicitation has taken place by Shah and Doshi, Chartered Accountants or its members. This site (www.shahdoshi.com) should not be construed as an attempt to create a CA-client relationship of any manner. This site is meant to provide information to those who specifically request this information and does not purport to be exhaustive in relation to the information contained herein. Shah and Doshi, Chartered Accountants does not assume any responsibility for any acts or omissions arising from the use of information provided on this site and visitors to this site are advised to seek independent professional guidance before proceeding to act on any information provided herein.

Subscribe For Latest Updates

Signup for our newsletter and get notified when we publish new articles!
Email address
Secure and Spam free...