A person registered under GST , want to register for profession tax.
we have gone through mahagst website,but not able to register
pl advise
4 Replies
Anupa Gharat
(9 Points)
Replied 20 November 2018
Hi, is it compulsory to get registered under PTEC and PTRC. We have registered under GST ,had employees more than Rs.7500 till august 2018. is PTRC required. Please guide
Tanmay Bhavar
(Practice)
(39 Points)
Replied 07 February 2019
Yes, you should register for PTRC also. 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). Whereas, the function of a PTRC is to permit the employer (government or non-government) to deduct professional tax from the employee’s salary or wages and deposit the same to the respective state government. A fully functional business entity commonly requires both to conduct its business operations.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
