Hi, I am a proprietor and applying for MAHAVAT number online. I want to know if for application to MAHAVAT, PTEC is compulsory?
also between PTRC and PTEC, which one is applicable to me?
CA Vikas Agrawal
(Practice)
(363 Points)
Replied 18 July 2014
actually u have to apply for ptec no..
ptrc is for employees deduction and payment
regards
vikas agrawal
CA Vikas Agrawal
(Practice)
(363 Points)
Replied 18 July 2014
officer will ask you for ptec registration , say that we will apply once vat no is obtained..
it is compulsory to have ptec number but it is not mandatory to apply with vat application
since you are proprietor no need for separate ptec for business...in your case ptec has to be applied in individual
capacity mentioning the profession trade name you are engaged in.
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