Question 1

What is the late fee or penalty for filing MGT-7 late?

Accepted Answer

Invoice-level details of supplies to registered persons (B2B), including those having a UIN (CGST Rules 2017, rule 59; FORM GSTR-1); Invoice-level details of inter-State supplies of invoice value greater than Rs. 2,50,000 to unregistered persons (CGST Rules 2017, rule 59; FORM GSTR-1); Details of credit / debit notes issued against invoices (CGST Rules 2017, rule 59; FORM GSTR-1); Details of export of goods and services including deemed exports (SEZ) (CGST Rules 2017, rule 59; FORM GSTR-1); Summarised State-level details of supplies to unregistered persons (consumers) (CGST Rules 2017, rule 59; FORM GSTR-1); Details of advances received in relation to future supply and their adjustment (CGST Rules 2017, rule 59; FORM GSTR-1); HSN / SAC-wise summary of outward supplies (CGST Rules 2017, rule 59; FORM GSTR-1 table 12); For GSTR-3B: the filed GSTR-1/1A (auto-drafts outward-supply tables 3.1 and 3.2) and the system-generated GSTR-2B (auto-populates reverse-charge inward supplies and ITC tables 4(A) and 4(B)); eligible and ineligible ITC declared in table 4; cash-ledger balance or challan for liabilities that 'must be paid in cash only' (CGST Rules 2017, rule 61; FORM GSTR-3B); Active DSC, or access to the registered mobile / e-mail for EVC, of the authorised signatory (GST portal pre-conditions for GSTR-1 and GSTR-3B)

Question 2

Documents required for DGFT Licensing & Filings

Accepted Answer

Active Importer-Exporter Code (IEC) and branch code, entered at item 1 of the application (DGFT ANF-4A item 1 (Advance Authorisation) and ANF-5A (EPCG)); Digital Signature Certificate - applications under these schemes may be filed online using digital signature only (DGFT ANF-4A Guidelines for Applicants item 1: 'Applicant shall file application online using digital signature only'; ANF-5A Guidelines item 1); Registration-cum-Membership Certificate (RCMC) - number, date, issuing authority, validity and the products registered (DGFT ANF-4A item 3); Bank receipt, EFT or credit card details evidencing payment of the application fee (Appendix 2K), or a treasury receipt challan where the fee was not paid electronically (DGFT ANF-4A Guidelines, 'For Advance Authorisation' item 1; ANF-5A Guidelines item 2(a)); Advance Authorisation for Annual Requirement - statement of exports made in the preceding financial year, certified by a Chartered Accountant, Cost Accountant or Company Secretary in the format at Appendix 5B (DGFT ANF-4A Guidelines item 2(i)(a)); Advance Authorisation for Annual Requirement - self-certified copy of the manufacturing licence of the applicant firm or of its supporting manufacturer (DGFT ANF-4A Guidelines item 2(i)(b)); Invalidation letter(s), where the application covers supplies to an Advance Authorisation holder (DGFT ANF-4A Guidelines item 2(ii)); Deemed exports - Project Authority Certificate, other than for supplies against an Advance Authorisation, EPCG, or an EOU / EHTP / STP / BTP unit (DGFT ANF-4A Guidelines item 2(iii)); Where import of fuel is sought - self-certified copy of the permission issued to the manufacturer exporter by the State Electricity Board, Power Corporation or State Regulatory Commission under section 44 of the Electricity (Supply) Act 1948 for the captive power plant on the specified fuel, and a self-certified copy of the letter intimating the date of commissioning of that plant (DGFT ANF-4A Guidelines item 3(a) and 3(b)); Advance Authorisation under HBP para 4.07 (ad-hoc norms) - information as per Appendix 4E, and production and consumption data of the manufacturer or supporting manufacturer for the preceding three financial years, certified by a Chartered Accountant, Cost Accountant or the jurisdictional excise authority (DGFT ANF-4A Guidelines item 4(a) and 4(b)); EPCG - self-certified copy of the MSME registration, IEM, LOI or Industrial Licence for products, or of the service tax registration for service providers (where a service provider is not so registered, the declaration in the application plus the RCMC from the concerned Export Promotion Council suffices) (DGFT ANF-5A Guidelines item 2(b)); EPCG - certificate from a Chartered Engineer in the format at Appendix 5A, and a certificate of a Chartered Accountant, Cost Accountant or Company Secretary in the format at Appendix 5B (DGFT ANF-5A Guidelines items 2(c) and 2(d)); EPCG, import of spares, tools, refractories and catalyst for existing plant and machinery - list of plant and machinery already imported and installed at the applicant's or supporting manufacturer's premises for which those items are required, certified by a Chartered Engineer or the jurisdictional Central Excise authority (DGFT ANF-5A Guidelines item 2(e)); EPCG by an EOU or SEZ unit - self-certified copy of the No Objection Certificate from the Development Commissioner concerned, showing the capital goods imported or indigenously procured, their value at import or sourcing, and the depreciated value for assessment of duty under the scheme (DGFT ANF-5A Guidelines item 2(f))

Question 3

Professional Tax Registration — West Bengal

Accepted Answer

Every employer in West Bengal who pays salary or wages liable to profession tax must hold a Certificate of Registration (PTRC) and deduct the tax from employees. Separately, the entity itself - as a person carrying on a trade, calling or profession - must hold a Certificate of Enrolment (PTEC) and pay profession tax on its own account. Threshold: Registration is required of any employer paying salary or wages to a person liable to profession tax; application must be made within 90 days of becoming liable. Enrolment is likewise required within 90 days of becoming liable. Fee: INR 2500 Renewal: Certificates of Registration and Enrolment do not expire and are not renewed; the obligation is continuing monthly deduction and remittance (employer) and annual payment (enrolled person). Deadline: Apply for registration or enrolment within 90 days of liability. Employers remit deducted tax monthly (commonly cited as by the 21st of the following month) and file the annual return by 15 May. Enrolled persons pay the annual amount by 31 July. Late registration attracts a penalty reported at Rs 500 per month and late enrolment Rs 100 per month; interest runs at 1 per cent per month on unpaid tax. Statute: The West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979 (West Bengal Act VI of 1979), with the West Bengal State Tax on Professions, Trades, Callings and Employments Rules, 1979 NOT READ AT SOURCE. www.wbcomtax.gov.in and wbcomtax.gov.in both time out on TCP connect to port 443 (curl exit 28), on the second and final attempt permitted; wbprofessiontax.gov.in, the registration portal, does not connect on https, http or the www form. The statute name and number were confirmed from the Act's own text retrieved from indiacode.gov.in (India Code has migrated from indiacode.nic.in), but that text carries only the original 1979 Schedule and no current amount, so nothing from it is recorded as a figure. The Rs 2,500 per annum enrolment amount and the 90-day, monthly-remittance and 15 May / 31 July timings are the agreement of independent commercial sources (IndiaFilings, Simpliance, SGCMS); no government page was reachable. Re-verify against the Directorate's own site when it is reachable. Note the Schedule is substituted with effect from 1 October 2026 (see professionalTaxSlabs); whether the Part C flat amount changes on that date was not established.

What is the late fee or penalty for filing MGT-7 late?

Documents required for Monthly GST Filing (GSTR-1 and GSTR-3B)

Documents required for DGFT Licensing & Filings

Professional Tax Registration — West Bengal

Startup incentives — Assam

People also ask