MAHARASHTRA ACT NO. 17 OF 2006
AN ACT
Further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.
WHEREAS it is expedient further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, (Mah.XVI of 1975) for the purposes hereinafter appearing; it is hereby enacted in the Fifty-seventh Year of the Republic of India as follows:-
1. Short title
This Act may be called the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2006.
2. Substitution of Schedule I of Mah.XVI of 1975.
For Schedule I appended to the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, (Mah.XVI of 1975) the following Schedule shall be substituted and shall be deemed to have been substituted with effect from the 1st April, 2006, namely:-
"SCHEDULE I
(See section 3)
Schedule of rates of tax on professions, trades, callings and employments.
(a) rupees two hundred per month except for the month of February;
(b) rupees three hundred for the month of February.
Note 1. - Notwithstanding anything contained in this Schedule, where a person is covered by more than one entry of this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case. This provision shall not be applicable to entry 16(iv) of the Schedule.
Note 2. For the purposes of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the "turnover of sales or purchases" of the previous year. If there is no previous year for such dealer, the rate of Profession Tax shall be Rs.2,000. The expressions "turnover of sales" or "turnover of purchases" shall have the same meaning as assigned to them, respectively, under the Maharashtra Value Added Tax Act, 2002". (Mah. IX of 2005).