{"id":358,"date":"2021-06-03T18:50:00","date_gmt":"2021-06-03T18:50:00","guid":{"rendered":"https:\/\/consultcaonline.com\/?p=358"},"modified":"2021-06-09T06:59:28","modified_gmt":"2021-06-09T06:59:28","slug":"what-is-ptec-and-how-to-do-ptec-payment","status":"publish","type":"post","link":"https:\/\/consultcaonline.com\/index.php\/2021\/06\/03\/what-is-ptec-and-how-to-do-ptec-payment\/","title":{"rendered":"What is PTEC and How to do PTEC Payment?"},"content":{"rendered":"\n

About PTEC:<\/em><\/strong><\/p>\n\n\n\n

PTEC means Professional Tax Enrollment Certificate. Professional tax is levied by the State Government as a source of revenue and it\u2019s a Direct Tax. PTEC permits to pay the professional tax of the business entity (Private Ltd, Public Ltd, OPC, etc) and also of the owner or professional (sole proprietor, partner, director, etc).<\/p>\n\n\n\n

Self-employed persons who carry out Business or Profession on their own and fall in the ambit of profession tax are liable to pay the tax themselves to the state government.<\/p>\n\n\n\n

Key States where professional Tax is applicable are Andhra Pradesh, Gujarat, Karnataka, Kerala, Maharashtra, Telangana, West Bengal.<\/p>\n\n\n\n

Maximum Amount of Professional Tax \u2013 PTEC:<\/em><\/strong><\/p>\n\n\n\n

 <\/strong>A maximum of Rs. 2,500 can be levied as professional tax- PTEC per financial year.<\/p>\n\n\n\n

Registration:<\/em><\/strong><\/p>\n\n\n\n

As per Section 5 of The Maharashtra State Tax<\/strong>, 1975<\/strong> every person (other than partnership firms) obtain a PTEC registration is mandatory within 30 days from the date of incorporation or start of the Business \/ Professional Practice.<\/p>\n\n\n\n

New sub section (3A) of section 5 inserted which says \u201cNotwithstanding anything contained in this section, a company,\u00a0which has been incorporated under the provisions of the\u00a0Companies Act 2013, after the date of commencement of the Maharashtra State Tax on\u00a0Professions, Trades, Callings and Employments (Amendment) Act, 2020,\u00a0shall at the time of its incorporation, obtain the certificate of enrollment\u00a0and certificate of registration under this Act.\u201d.<\/em><\/strong><\/p>\n\n\n\n

Due Date for Payment of PTEC:<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Payment Options:<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Process of Payment of Tax Online (Rs.2500):<\/em><\/strong><\/p>\n\n\n\n

  1. Go to site https:\/\/www.mahagst.gov.in\/<\/a><\/li>
  2. Click on e-payment tab and select the option \u2013 e-payment returns as shown below<\/li><\/ol>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    3) Select e-payment returns<\/p>\n\n\n\n

    4) Select option PAN and enter PAN & captcha.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    5) Select Act \u2013 PTEC Act-\u00a0 as given below<\/p>\n\n\n\n

    Form ID- FORM_VIII<\/p>\n\n\n\n

    F.Y- Select F.Y. for which payment pertains.<\/p>\n\n\n\n

    Amount- INR 2500\/-<\/p>\n\n\n\n

    Location & Mobile No. and then click on proceed<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    6) Select Option \u2013 Agree<\/p>\n\n\n\n

    7)Then site redirect to payment gateway and do the payment<\/p>\n\n\n\n

    8) Save the Challan.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Process of Payment of Tax Online (OTPT Option):<\/em><\/strong><\/p>\n\n\n\n

    1. Go to site www.mahagst.gov.in<\/a><\/li>
    2. Click on e-payment tab and select the option \u2013 PTEC OTPT payment as shown below<\/li><\/ol>\n\n\n\n
      \"\"<\/figure>\n\n\n\n

      3) Select \u2013 Make a new OTPT payment<\/p>\n\n\n\n

      And put 11 digits PTEC TIN .<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      <\/p>\n\n\n\n

      4) Select the correct Schedule Entry.<\/p>\n\n\n\n

      Select years minimum 3 years and Maximum 35 years.<\/p>\n\n\n\n

      Location & Mobile No. and then click on proceed.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      5) Select Option \u2013 Agree<\/p>\n\n\n\n

      6)Then site redirect to payment gateway and do the payment<\/p>\n\n\n\n

      7) Save the Challan.<\/p>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      About PTEC: PTEC means Professional Tax Enrollment Certificate. Professional tax is levied by the State Government as a source of revenue and it\u2019s a Direct Tax. PTEC permits to pay the professional tax of the business entity (Private Ltd, Public Ltd, OPC, etc) and also of the owner or professional (sole proprietor, partner, director, etc). Self-employed persons who […]<\/p>\n","protected":false},"author":2,"featured_media":367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"_links":{"self":[{"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/posts\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/comments?post=358"}],"version-history":[{"count":3,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/posts\/358\/revisions"}],"predecessor-version":[{"id":371,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/posts\/358\/revisions\/371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/media\/367"}],"wp:attachment":[{"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/categories?post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/consultcaonline.com\/index.php\/wp-json\/wp\/v2\/tags?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}