Amendments to Profession Tax Act, Rules and notifications issued thereunder

Last updated: 26 April 2017

Notice Date : 26 April 2017

Office of the
Commissioner of Sales Tax
8th floor, Vikrikar Bhavan,
Mazgaon, Mumbai - 400 010.

TRADE CIRCULAR

To,
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No.PT/AMD-2017/1B/Adm-8
Mumbai, dated 26/04/2017
Trade Cir. 13T of 2017.

Sub: Amendments to Profession Tax Act, Rules and notifications issued thereunder.

Ref: ( I) Mah. Act No.XXXI of 2017 dt. 15th April 2017.
(2) Notification No. PFT- 2017/C.R. 20A/Taxation-3 dt. 19th April
2017.
(3) Notification No. PFT-2017/C.R. 20B/ Taxation-3 dt. 19th April 2017.
(4) Notification No. PFT-2017/C.R. 20C/Taxation-3 dt. 19th April 2017.
(5) Trade Circular No. 1 1T of 2017 dt. 20th April 2017.

Honble Finance Minister of Maharashtra presented the Budget on 18th March 2017. In order to give effect to the announcements made in house, certain amendments have been made to the Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975 (referred to as the "PT Act"). The Maharashtra Act No. XXXI of 2017 is now published in the Official Gazette on 15th April 2017. The salient features of the amendments are explained in the Trade Circular No.11T of 2017 dated 20th April 2017. Consequential to the amendments to the PT Act corresponding rules are amended and the following notifications are issued:-

1. Notification No. PFT- 2017/C.R. 20A/Taxation-3 dt. 19th April 2017.
2. Notification No. PFT-2017/C.R. 20B/ Taxation-3 dt. 19th April 2017.
3. Notification No. PFT-2017/C.R. 20C/Taxation-3 dt. 19th, April 2017.

1. Exemption from payment of late fee:-

To encourage filing of returns it is decided to provide for exemption of late fce subject to certain conditions. Accordingly Government Notification No. PFT-2014/CR-38/Taxation-3, dated 21st August 2014 is amended.

Please refer to the attached file for details