THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975 - NOTIFICATION
-

Body Notification No. PFT. 2016/ CR. 20C/ Taxation-3. Dated 19th April, 2017

Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 and to dispense with the condition of previous publication thereof under the proviso to sub-section (3) of section 27 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Mah. XVI of 1975) ;

Now, therefore, in exercise of the powers conferred by sub-section (2) of section 9 and subsections (1) and (2) read with the proviso to sub-section (3) of section 27 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, and of all other powers enabling it in this behalf, the Government of Maharashtra hereby, makes the following rules further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975, namely :-

1. (1) These rules may be called the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2017.

(2) (i) Rule 2 and rule 4 shall come into force with effect from the 1st May 2017;

(ii) Rule 3 shall come into force on the date of publication of this notification in the Official Gazette.

2. For the heading of CHAPTER III of the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 (hereinafter referred to as "the principal Rules"), the following heading shall be substituted, namely : —

"RETURNS, NOTICES, PAYMENT OF TAX AND INTEREST".

3. In rule 11A of the principal Rules, for the words "the last date of the quarter" the words "the last date of the month" shall be substituted.

4. After rule 11C of the principal Rules, the following rule shall be inserted, namely :-

"11C-1. The rate of interest. -

The rates of interest for the purposes of sub-section (2) of section 9 shall be as specified in the table below:-

TABLE

Sr. No.	Period, liable for interest	Rate of interest
(1)	(2)	(3)
1	Delay upto one month	One and a quarter per cent. of the amount of such unpaid tax, for the month or for part thereof.
2	Delay upto three months	(i) Delay upto one month— One and a quarter per cent. Of the amount of such unpaid tax, for the month or for part thereof, (ii) Delay beyond one month upto three months — One and half per cent. of the amount of such unpaid tax, for each month or for part thereof.
3	Delay more than three months	(i) Delay upto one month - One and a quarter per cent. Of the amount of such unpaid tax, for the month or for part thereof, (ii) Delay beyond one month upto three months - One and half per cent. of the amount of such unpaid tax, for each month or for part thereof, (iii) Delay more than three months - Two per cent. of the amount of such unpaid tax, for each month or for part thereof.

By order and in the name of the Governor of Maharashtra,

R. D. BHAGAT,

Deputy Secretary to Government