Are partners head count is counted as an employee in PTRC registration
Eg 7 Employees + 2 partners For PTRC head count
7 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5148 Points)
Replied 24 November 2021
As per the amendments in the Profession Tax Act 1975, a person (natural / legal) registered under MGST Act is liable to enroll for Profession Tax Enrollment Certificate (PT-EC) and pay Rs.2500 per annum. In addition, if the business is having any employee whose monthly salary is above Rs. 7500/- is also required to obtain Profession Tax Registration Certificate (PT-RC) and pay tax after deducting the same from the employee’s salary as per the provisions of law. All tax payers who are register in GST has received Notice for Compliance and Registration in PTRC / PTEC.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 November 2021
No. Partners shall not be counted for PTRC count.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 November 2021
The remuneration to partners is not salary for the purpose of PTRC.
dhanashri ramgundewar
(6 Points)
Replied 15 August 2022
Is salaried partner(employee of another entity) need to take separate PTEC registration for partnership firm as a partner?
Example: A and B are partner of AB & Associates. AB & Associates has GST and PTEC registration. Partner B is employee of CD ltd. where he already paying Professional Tax every year and Partner A is NRI. Is partner A and B need to take separate registration for PTEC as a partner ??
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 15 August 2022
Firstly, AB & Associates are not required to obtain Nor pay PTEC
Secondly, Partner B has to obtain and pay PTEC.
Further, Partner B has to declare to CD Ltd that he is holding PTEC ltd so no PTRC shall be deducted from his salary. Format of declaration available on mahagst website.
dhanashri ramgundewar
(6 Points)
Replied 25 August 2022
Can I cancel PTEC registration without cancellation of gst registration of partnership firm on the ground of partners taken PTEC ?
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 August 2022
You should apply for cancellation and see what the officer has to say.
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