Understanding the Latest Amendment Notification under Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975

Introduction

The Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975 has been subject to recent amendments, aiming to streamline processes and address technical difficulties faced by employers. On April 24th, 2024, the Finance Department of Maharashtra issued a significant notification, amending certain provisions under the Act. This blog aims to dissect the key points of this notification and its implications for employers in the state.

Amendment Details

The recent notification, numbered व्यकर-2024/प्र.क्र.14/करााधाान-3, exercises powers conferred by the proviso to sub-section (3) of section 6 of the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975 (Mah. XVI of 1975). It specifically amends the Government Notification, Finance Department, No. PFT-2014/CR-38/Taxation-3, dated August 21st, 2014.

Key Changes

The most notable change introduced by this amendment is the addition of a new entry in the Schedule appended to the aforementioned Notification. This new entry, marked as (10), addresses employers who were unable to file returns between March 1st, 2024, and March 31st, 2024, due to technical difficulties.

Implications for Employers

Employers falling under the criteria specified in the new entry (10) now have an extended deadline to file their returns. The late fee payable for these returns has been waived, providing relief to those affected by technical glitches during the filing period.

Action Points for Employers

Employers falling within the scope of the amended notification should take note of the following action points:

1. Ensure timely filing of returns: Employers who faced technical difficulties during the specified period must file their returns by April 30th, 2024, on the website of the Maharashtra Goods and Services Tax Department.

2. Payment of taxes and interest: Any tax payable, along with interest under sub-section (2) of section 9 on tax payable, must be paid by March 31st, 2024, for the relevant returns.

Conclusion

The recent amendment notification under the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975 brings relief to employers who encountered technical challenges during the filing period. By extending deadlines and waiving late fees, the government aims to alleviate the burden on affected entities while promoting compliance with tax regulations. Employers must stay informed about such amendments and adhere to the revised guidelines to ensure smooth compliance with taxation laws in Maharashtra.

for more details, please refer official notification. click here to view