Labour Law Gazette Notifications

Maharashtra

One Time Payment Of Tax Scheme, 2019 Under Maharashtra Profession Tax

Government of Maharashtra vide notification No. PFT.1218/C.R.52/Taxation-3 has released a new scheme under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. This scheme has been introduced to provide an optional scheme for the payment of tax, in advance, for an enrolled person, under the said Act. The enrolled person may opt the scheme on the department’s website www.mahagst.gov.in at any time after his enrollment. The Scheme shall be restricted to the period selected by an enrolled person. Such person may opt for the Scheme again after earlier period under the scheme is over. However the benefit can be availed at a time for a minimum period of three years upto a maximum period of thirty five years. The enrolled person who has discharged his liability for payment of tax for a total continuous period of five years by making payment in advance of a lump-sum amount under provision of clause (a) of sub-section (3) of section 8 of the Act, prior to 1st April 2018, may also opt for the Scheme after completion of such period of five years. The enrolled person who has already paid Profession Tax for the year 2018-2019 or has paid any lump-sum amount on or after 1st April 2018 for the periods starting from 1st April 2018, can also avail the benefit of Scheme by paying the balance amount payable for the period opted under the scheme as per the Notification. Details of amount payable as per the scheme is provided in the table annexure in the notification