What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Guaranteed compliance before the statutory 30th June annual deadline.
- Prevention of 1.25% per month compounding interest and punitive department notices under Section 9.
- Smooth current account operations and statutory license renewals with local authorities.
- Clean tax standing during corporate due diligence, bank credit evaluations, and investor audits.
- Verification and correction of duplicate or legacy enrollment records on the Mahagst system.
- Digital archival of payment challans and tax receipts for 8 assessment years.
How the engagement works
Under Section 8 of the Maharashtra State Tax on Professions Act, 1975, every enrolled person is liable to pay tax annually at the rate specified in Schedule I (₹2,500 per annum). Failure to pay on or before the due date (30th June) attracts mandatory interest at 1.25% per month under Section 9, and the assessing authority may levy penalties under Section 5(5) of the Act.
Scenario 1: A corporate director or LLP partner needing to complete their annual ₹2,500 PTEC statutory tax payment before 30th June.
Scenario 2: An independent professional (doctor, lawyer, architect, CA, or IT consultant) maintaining annual Mahagst professional tax compliance.
Scenario 3: A business entity rectifying past unpaid PTEC dues, resolving legacy arrears, and generating clearance certificates.
Scenario 4: A company updating its Mahagst portal profile or resolving portal login credentials for PTEC TIN.
Scenario 5: A business undergoing statutory financial audit requiring proof of PTEC payment challans for all active directors.
Enrollment Verification & Status Audit
We verify your active PTEC TIN on the Mahagst portal and check previous years’ payment history to ensure no unrecorded arrears exist.
MTR-6 Challan Generation
We generate the online MTR-6 payment challan on the Mahagst portal with accurate tax head classification and assessment period.
Payment Facilitation & Verification
We guide your finance team through net banking remittance or process payments and verify the unique CIN (Challan Identification Number).
General questions
01What is the due date for annual PTEC payment in Maharashtra?
For existing PTEC holders, the statutory annual payment of ₹2,500 must be deposited on or before 30th June of each financial year.
02What is the penalty for delayed PTEC payment?
Delayed payment attracts simple interest at 1.25% per month (15% per annum) under Section 9 of the Act, along with discretionary penalties under Section 5(5).
03Does every director of a private limited company need to pay PTEC?
Yes. In Maharashtra, both the company entity itself and each director individually must hold PTEC and pay ₹2,500 annually.
04Is PTEC return required if the business had no income or turnover?
Yes. PTEC is an enrollment tax linked to holding the professional status, not business profit. The ₹2,500 annual tax remains mandatory until the enrollment is surrendered.