Maharashtra PTRC return filing error


Problem: While filing PTRC return for maharashtra on the mahagst.gov.in website, the following error occurs –

1. Error while file upload.

2. Atleast one BRF message of type W, E, A, or X occurred.

3. Balance payable cannot be more than zero.

Solution –

The portal is attempting to locate the tax paid challan for the same period as the return. Many taxpayers are paying the challan with the period selected for the previous month. For eg. Return period is 01.04.18 to 30.04.18 but the challan is period is 01.03.18 to 31.03.18. In such cases the taxpayer is required to approach his nodal officer and opt for challan correction. Once the challan and return period is the same, system readily accepts the return.

This is also supported by Rule 11 of the PTRC rules and trade circular 48T dated 23.11.18. Both Rule 11 and the trade circular are attached to this blog post for ready reference.

Khanolkar & Associates, Chartered Accountants, from Pune can assist with your various taxation needs including but not limited to PTRC, MVAT assessments, GST filing and Audit, Statutory audit, Internal Audit, etc. Get in touch to know more on how we can streamline your taxation needs with constantly evolving tax laws.

Completed various post qualification courses hosted by Institute of Chartered Accountants of India (ICAI) such as  Information Systems Audit (DISA)  Concurrent Audit of Banks  Goods & Services Tax  Blockchain and other emerging technologies  Primarily handling Indirect Taxation vertical with focus on GST.  Proficient in handling litigation in legacy taxes such as MVAT & CST upto Maharashtra Sales Tax Tribunal stage.  Inventory audit of listed companies throughout various locations in Maharashtra.  Management consultancy and Tax planning services.  Advisory and consultancy to Startups on cash flow management, funding sources  Retirement and Inheritance planning, Estate management consultancy.  Experience in Capital gain taxation and tax planning  Specialization in E-commerce retail segment  Risk advisory  Bank Concurrent Audit Experience