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