Is GST applicable on professional tax?
Professional tax grows at a healthy rate despite GST, demonetisation hiccups. Professional tax is among the only two taxes (the other being Karnataka Sales Tax) that the State government administers, after the other taxes were subsumed in the GST regime.
Is tin number and GST number same?
Business entities need to register under GST and obtain a unique 15-digit Goods and Services Tax Identification Number (GSTIN). This has replaced the Tax Identification Number (TIN) allotted to businesses by state tax authorities for registering under the VAT system.
Is PTEC registration compulsory for GST registration?
Yes, PTEC is mandatory for all who are engaged in business or Profession. If you are registered under GST but PTEC Registration not taken, than you might get notice to register under PTEC.
What is Gstin registration?
Share: GSTIN, short for Goods and Services Tax Identification Number is a unique 15 digit identification number assigned to every taxpayer ( primarily dealer or supplier or any business entity) registered under the GST regime.
What is Gstin in GST?
GSTIN is a Goods and Services Tax Identification Number that is assigned to each person registered under GST. It is a 15-digit unique identification number. The number is primarily used by tax authorities to maintain GST payments and due records of those registered under the GST Act.
Can I avoid professional tax?
The following individuals are exempted to pay Professional Tax: Parents of children with permanent disability or mental disability. Members of the forces as defined in the Army Act, 1950, the Air Force Act, 1950 and the Navy Act, 1957 including members of auxiliary forces or reservists, serving in the state.
What is the meaning of professional tax Employer Registration?
Professional Tax Employer Registration or Enrolment Certificate (EC) is mandatory for every Business with in 30 days of business registration or commencement of business. Professional Tax – Employer. Professional Tax Employer Registration. Profession Tax (PT) is a tax levied on the employment and Profession by respective State Government in India.
What is professional tax registration certificate (PTRC)?
PTRC: (Professional Tax Registration Certificate): Government or Non- Government employer deducts the tax from the employee’s wages and deposit the same to the government. Professional tax is applicable once the person begins his profession or business within 30 days of starting the profession.
When is professional tax applicable for a company?
Professional tax is applicable once the person begins his profession or business within 30 days of starting the profession. In case the company has its presence in different places, then it is required to take registration for each such place. What is the Applicability of Profession Tax?
How to update the 12 digit number of the PT registration?
This 12 digit number will be required for all online services of Profession Tax including submission of return & payment of tax. To update the existing registration records, www.wbcomtax.nic.in > Profession Tax > PT Registration > Updation (update old registration records).
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