Saving Mantra Blogs

Author: Financial Analyst

  • Step-by-Step Guide for GSTR-3B Monthly Filing

    Step-by-Step Guide for GSTR-3B Monthly Filing

    GSTR-3B is a mandatory monthly GST return that summarizes a taxpayer’s sales, purchases, tax liability, and Input Tax Credit (ITC).
    Every regular GST-registered taxpayer must file GSTR-3B on time, even if there is no business activity.

    This blog explains the exact step-by-step process for GSTR-3B monthly return filing, helping businesses stay compliant and avoid penalties.

    What Is GSTR-3B?

    GSTR-3B is a self-declared summary return that includes:

    • Outward supplies (sales)
    • Inward supplies liable to reverse charge
    • Eligible Input Tax Credit
    • GST tax payable and payment details

    It is the primary return for GST tax payment.

    Who Must File GSTR-3B Monthly?

    GSTR-3B monthly filing applies to:

    • Regular GST taxpayers
    • Businesses with turnover above QRMP limits
    • Taxpayers opting for monthly returns

    Applicable to:

    • Proprietorships
    • Companies
    • LLPs
    • Traders
    • Service providers

    GSTR-3B Due Date (Monthly)

    CategoryDue Date
    Monthly Filers20th of next month
    QRMP (Monthly payment)25th of next month

    Late filing results in interest and late fees.

    Documents Required for GSTR-3B Filing

    • Sales register
    • Purchase register
    • GSTR-1 filed data
    • GSTR-2B ITC statement
    • GST payment challans
    • Credit & debit notes

    Step-by-Step Process for GSTR-3B Monthly Return Filing

    Step 1: Login to GST Portal

    • Visit the GST portal
    • Login using:
      • GSTIN
      • Username
      • Password
      • Captcha

    Step 2: Open GSTR-3B Return

    • Go to Returns → Returns Dashboard
    • Select Financial Year & Month
    • Click Prepare Online

    Step 3: Enter Outward Supply Details

    Fill details in:

    • Table 3.1(a) – Taxable outward supplies
    • Table 3.1(b) – Zero-rated supplies
    • Table 3.1(c–e) – Exempt & non-GST supplies

    Ensure figures match GSTR-1.

    Step 4: Enter ITC Details

    • Enter ITC as per GSTR-2B
    • Separate:
      • Eligible ITC
      • Ineligible ITC
    • Include reverse charge ITC where applicable

    Step 5: Review Tax Liability

    • System auto-calculates:
      • IGST
      • CGST
      • SGST
    • Verify totals carefully

    Step 6: Offset Tax & Make Payment

    • Use:
      • Electronic Credit Ledger (ITC)
      • Electronic Cash Ledger
    • Generate challan if balance is insufficient
    • Complete payment

    Step 7: File GSTR-3B

    • Submit return
    • File using:
      • DSC (Companies & LLPs)
      • EVC (Proprietors / Individuals)

    Step 8: Download Acknowledgement

    • Download ARN & filed return
    • Save for records and audits

    Common Mistakes to Avoid in GSTR-3B

    • ❌ Claiming ITC not appearing in GSTR-2B
    • ❌ Mismatch with GSTR-1
    • ❌ Incorrect reverse charge entries
    • ❌ Late filing every month
    • ❌ Ignoring Nil return filing

    Late Fee & Interest for GSTR-3B

    TypeAmount
    Late Fee₹50 per day
    Nil Return₹20 per day
    Interest18% per annum
    Maximum Late Fee₹10,000

    Importance of Timely GSTR-3B Filing

    • Prevents GST notices
    • Maintains ITC eligibility
    • Improves compliance rating
    • Avoids blocking of e-way bills

    How Saving Mantra Helps with GSTR-3B Filing

    Saving Mantra provides end-to-end GST compliance services, including:

    • Monthly GSTR-3B filing
    • GSTR-1 & 2B reconciliation
    • ITC eligibility checks
    • Automated reminders & dashboards
    • Notice handling & expert review

    ✔ Accurate tax computation
    ✔ Zero penalty approach
    ✔ Compliance peace of mind

    Frequently Asked Questions (FAQs)

    Q1. Is GSTR-3B mandatory every month?
    Yes, even if there is no business activity.

    Q2. Can GSTR-3B be revised?
    No. Errors must be adjusted in future returns.

    Q3. Is GSTR-3B required if GSTR-1 is not filed?
    Yes. GSTR-3B filing is independent and mandatory.

    Q4. Should ITC be claimed as per purchase books or GSTR-2B?
    ITC should be claimed strictly as per GSTR-2B.

    Disclaimer

    This article is for informational purposes only. GST laws, due dates, and return filing procedures are subject to change based on government notifications. Always verify information from the official GST portal or consult a qualified GST professional before filing returns. Saving Mantra shall not be responsible for actions taken based on this content without professional advice.

  • What Is GSTR-2B? Meaning, Importance & Use

    What Is GSTR-2B? Meaning, Importance & Use

    GSTR-2B is a static auto-generated GST statement that shows eligible and ineligible Input Tax Credit (ITC) available to a registered taxpayer for a specific tax period.

    Introduced by the GST department to simplify ITC reconciliation, GSTR-2B plays a critical role in accurate GSTR-3B filing and helps taxpayers avoid excess ITC claims and GST notices.

    What Is GSTR-2B?

    GSTR-2B is:

    • A read-only statement
    • Generated monthly
    • Based on suppliers’ filed returns:
      • GSTR-1
      • GSTR-5
      • GSTR-6

    Once generated, GSTR-2B does not change, making it a reliable base for ITC claims.

    Why Was GSTR-2B Introduced?

    Earlier, GSTR-2A was dynamic and kept changing whenever suppliers filed returns.
    GSTR-2B was introduced to:

    • Provide a fixed ITC snapshot
    • Reduce reconciliation confusion
    • Align ITC with Section 16 of CGST Act
    • Improve accuracy in GSTR-3B

    What Details Are Available in GSTR-2B?

    GSTR-2B includes:

    • Supplier GSTIN & name
    • Invoice number & date
    • Invoice value
    • Tax amounts (IGST, CGST, SGST)
    • ITC eligibility status
    • Reverse charge applicability
    • Import of goods & services data

    Eligible vs Ineligible ITC in GSTR-2B

    Eligible ITC

    • Valid tax invoices
    • Supplier has filed returns
    • Goods/services received
    • Tax paid to government

    Ineligible ITC

    • Blocked credit (Section 17(5))
    • Supplier return not filed
    • Invalid GSTIN
    • RCM liabilities

    GSTR-2B vs GSTR-2A (Key Differences)

    BasisGSTR-2AGSTR-2B
    NatureDynamicStatic
    ChangesContinuousNo changes
    UseReferenceITC claim basis
    Recommended ForTrackingGSTR-3B filing

    👉 GSTR-2B is preferred for ITC claims.

    When Is GSTR-2B Generated?

    • Generated on 14th of every month
    • Covers invoices filed by suppliers up to the previous month
    • Used for current month GSTR-3B

    How to Download GSTR-2B?

    Step-by-Step Process:

    1. Login to GST Portal
    2. Go to Returns → GSTR-2B
    3. Select month
    4. Download PDF / Excel / JSON
    5. Reconcile with purchase register

    Importance of GSTR-2B for Businesses

    • Prevents excess ITC claims
    • Reduces GST notices
    • Improves compliance accuracy
    • Simplifies audits
    • Mandatory for large & small taxpayers

    Common Mistakes Related to GSTR-2B

    • ❌ Claiming ITC not appearing in 2B
    • ❌ Ignoring ineligible ITC section
    • ❌ Not reconciling monthly
    • ❌ Depending only on purchase books

    How Saving Mantra Helps with GSTR-2B Reconciliation

    Saving Mantra offers expert GST compliance solutions, including:

    • GSTR-2B reconciliation
    • ITC eligibility analysis
    • GSTR-3B alignment
    • Vendor mismatch resolution
    • Automated GST dashboards

    ✔ Accurate ITC
    ✔ Reduced GST notices
    ✔ Expert compliance support

    Frequently Asked Questions (FAQs)

    Q1. Is GSTR-2B mandatory for ITC claims?
    Yes. ITC should be claimed as per GSTR-2B.

    Q2. Can ITC be claimed if not in GSTR-2B?
    No. ITC not reflected in GSTR-2B should not be claimed.

    Q3. Does GSTR-2B change later?
    No. It is a static statement.

    Q4. Is GSTR-2B available for quarterly filers?
    Yes. It is generated monthly for all taxpayers.

    Disclaimer

    This article is for informational purposes only. GST laws, rules, and interpretations are subject to change based on government notifications and judicial decisions. Always verify information from the official GST portal or consult a qualified GST professional before making compliance decisions. Saving Mantra shall not be responsible for actions taken based on this content without professional consultation.

  • Step-by-Step Guide for GSTR-1 Filing Below ₹1.5 Cr

    Step-by-Step Guide for GSTR-1 Filing Below ₹1.5 Cr

    If your annual turnover is below ₹1.5 crore, you are eligible to file GSTR-1 on a quarterly basis instead of monthly.
    GSTR-1 is a crucial GST return that reports outward supplies (sales) made during the period.

    This blog explains the exact step-by-step process for GSTR-1 return filing for taxpayers below ₹1.5 crore, including due dates, data preparation, and filing tips.

    What Is GSTR-1?

    GSTR-1 is a GST return used to declare:

    • B2B sales
    • B2C sales
    • Debit & credit notes
    • Export invoices (if any)

    The data filed in GSTR-1 reflects in the buyer’s GSTR-2A / 2B.

    Who Can File GSTR-1 Quarterly?

    You can file GSTR-1 quarterly if:

    • Annual turnover is up to ₹1.5 crore
    • You are a regular GST taxpayer
    • You are not under composition scheme

    Applicable to:

    • Proprietors
    • Small businesses
    • Traders
    • Service providers
    • MSMEs

    GSTR-1 Due Date (Below ₹1.5 Cr)

    QuarterDue Date
    Apr – Jun13th July
    Jul – Sep13th October
    Oct – Dec13th January
    Jan – Mar13th April

    Late filing attracts penalties.

    Documents Required for GSTR-1 Filing

    • Sales invoices (B2B & B2C)
    • Debit & credit notes
    • GSTIN of customers (for B2B)
    • HSN/SAC details
    • Accounting or billing software data

    Step-by-Step Process for GSTR-1 Filing (Below ₹1.5 Cr)

    Step 1: Login to GST Portal

    • Visit GST portal
    • Login using:
      • GSTIN
      • Username
      • Password
      • Captcha

    Step 2: Select GSTR-1 Return

    • Go to Returns → Returns Dashboard
    • Select Financial Year & Quarter
    • Click Prepare Online / Prepare Offline

    Step 3: Enter Outward Supply Details

    Fill details in relevant tables:

    • Table 4 – B2B invoices
    • Table 5 – B2C (Large)
    • Table 7 – B2C (Others)
    • Table 9B – Credit/Debit Notes

    Ensure invoice values and GST rates are accurate.

    Step 4: Review Summary

    • Check auto-generated summary
    • Match sales data with books
    • Correct errors before submission

    Step 5: Submit GSTR-1

    • Click Submit
    • File return using:
      • DSC (Companies/LLPs)
      • EVC (Proprietors/Individuals)

    Step 6: Download Acknowledgement

    • Download ARN & filed return
    • Save for audit and compliance records

    Common Mistakes to Avoid

    • ❌ Wrong GSTIN of customer
    • ❌ Duplicate invoices
    • ❌ Mismatch with GSTR-3B
    • ❌ Incorrect tax rates
    • ❌ Missing credit notes

    Late Fee for GSTR-1

    TypeAmount
    Late Fee₹50 per day
    Nil Return₹20 per day
    Maximum₹10,000

    Timely filing avoids unnecessary costs.

    How Saving Mantra Helps with GSTR-1 Filing

    Saving Mantra offers end-to-end GST compliance solutions, including:

    • Quarterly GSTR-1 filing
    • Invoice reconciliation
    • Error correction
    • GSTR-1 vs GSTR-3B matching
    • Compliance reminders & dashboards

    ✔ Accurate filings
    ✔ Zero penalty support
    ✔ Expert GST review

    Frequently Asked Questions (FAQs)

    Q1. Is quarterly GSTR-1 mandatory below ₹1.5 crore?
    Yes, eligible taxpayers can opt for quarterly filing.

    Q2. Can I switch to monthly filing?
    Yes, option can be changed at the beginning of the financial year.

    Q3. Is GSTR-1 mandatory even if there is no sale?
    Yes, a Nil GSTR-1 must be filed.

    Q4. Can GSTR-1 be revised?
    No, errors must be corrected in the next return period.

    Disclaimer

    This article is for informational purposes only. GST laws, due dates, and filing procedures are subject to change based on government notifications. Always verify details from the official GST portal or consult a qualified tax professional. Saving Mantra shall not be responsible for actions taken based on this content without professional consultation.

  • Step-by-Step Guide for Bonus Return Filing

    Step-by-Step Guide for Bonus Return Filing

    Bonus Return filing is a mandatory annual labour compliance under the Payment of Bonus Act, 1965 for applicable employers in India.
    Every eligible establishment must submit a Bonus Return after payment of bonus to employees for the financial year.

    This guide explains the complete step-by-step process for Bonus Return filing, including applicability, due dates, required forms, and penalties.

    What Is Bonus Return?

    Bonus Return is an annual statement filed by employers detailing:

    • Number of employees eligible for bonus
    • Bonus amount payable and paid
    • Set-on and set-off details
    • Compliance under the Payment of Bonus Act

    It ensures transparency and statutory compliance with labour authorities.

    Applicability of Bonus Return

    Bonus Return filing is mandatory if:

    • The establishment employs 20 or more employees
    • Employees earn up to ₹21,000 per month
    • Bonus is paid during the financial year

    Applicable to:

    • Companies
    • LLPs
    • Partnership firms
    • Factories
    • Shops & Establishments

    Bonus Return Due Date

    Return TypeDue Date
    Annual Bonus ReturnWithin 30 days from bonus payment
    Common PracticeOn or before 30th November

    Due dates may vary slightly by state.

    Forms Used for Bonus Return Filing

    • Form A – Computation of allocable surplus
    • Form B – Set-on and set-off details
    • Form C – Bonus paid to employees
    • Form D – Annual Bonus Return (commonly required)

    Step-by-Step Process for Bonus Return Filing

    Step 1: Confirm Bonus Applicability

    Verify:

    • Employee strength
    • Salary eligibility
    • Minimum 8.33% bonus paid

    Step 2: Prepare Bonus Registers

    Maintain:

    • Attendance register
    • Salary & wage register
    • Bonus calculation sheet
    • Employee-wise bonus payment data

    Step 3: Fill Prescribed Bonus Forms

    Prepare:

    • Form A, B, C (calculations)
    • Form D (annual return)

    Ensure figures match payroll records.

    Step 4: Login to Labour Compliance Portal

    • Visit state Labour Department portal
    • Login using establishment credentials

    (Some states allow physical filing.)

    Step 5: Upload Bonus Return

    • Select Bonus Return
    • Enter establishment and FY details
    • Upload filled forms
    • Submit return

    Step 6: Download Acknowledgement

    • Save submission receipt
    • Preserve documents for audit and inspection

    Common Mistakes in Bonus Return Filing

    • ❌ Incorrect employee count
    • ❌ Salary eligibility mismatch
    • ❌ Bonus percentage errors
    • ❌ Delay after bonus payment
    • ❌ Missing registers during inspection

    Penalty for Non-Filing or Late Filing

    Non-CompliancePenalty
    Late FilingMonetary fine
    False InformationProsecution
    Non-Payment of BonusImprisonment up to 6 months

    Strict compliance is strongly recommended.

    Who Is Exempt from Bonus Act?

    • Employees earning above ₹21,000/month
    • Newly set-up establishments (first 5 years, subject to profit)
    • Certain government organizations

    How Saving Mantra Helps in Bonus Compliance

    Saving Mantra provides complete labour law compliance management, including:

    • Bonus eligibility assessment
    • Bonus calculation & registers
    • Bonus Return filing
    • Audit-ready documentation
    • Labour inspection support

    ✔ 100% compliance
    ✔ Automated checklists
    ✔ Expert-reviewed filings

    Frequently Asked Questions (FAQs)

    Q1. Is Bonus Return mandatory every year?
    Yes, if bonus is applicable and paid during the year.

    Q2. Can Bonus Return be filed without paying bonus?
    No. Payment of bonus is mandatory if applicable.

    Q3. Is Bonus Return applicable to small businesses?
    Only if employee count reaches the prescribed limit.

    Q4. Can Bonus Return be revised?
    Yes, subject to labour department rules.

    Disclaimer

    This article is for informational purposes only. Labour laws, forms, and filing procedures may vary by state and are subject to amendments. Always consult a qualified labour law professional or the official labour department portal before filing. Saving Mantra shall not be liable for actions taken based on this content without professional consultation.

  • Step-by-Step Guide for PTRC Yearly Return Filing

    Step-by-Step Guide for PTRC Yearly Return Filing

    PTRC (Professional Tax Registration Certificate) is mandatory for employers who deduct Professional Tax from employees’ salaries.
    Every registered employer must file PTRC yearly returns and pay the deducted tax to the government within the prescribed timelines.

    This guide explains the complete step-by-step process for PTRC yearly return filing, covering due dates, return format, payment, and compliance tips.

    What Is PTRC?

    PTRC applies to:

    • Companies
    • LLPs
    • Partnership firms
    • Proprietorships with employees
    • Trusts & NGOs employing staff

    👉 PTRC is different from PTEC, which applies to business owners and professionals themselves.

    PTRC Yearly Return Due Date

    Employer TypeDue Date
    Monthly Filers31st March
    Quarterly Filers31st March
    Yearly SummaryAlong with March payment

    Late filing attracts interest and penalties.

    Documents Required for PTRC Yearly Return

    • PTRC Registration Certificate
    • Employee salary register
    • Monthly Professional Tax deduction details
    • Challan payment receipts
    • Employee count & salary slabs

    Step-by-Step Process for PTRC Yearly Return Filing

    Step 1: Login to Professional Tax Portal

    • Visit the state Professional Tax portal
    • Login using:
      • PTRC Registration Number
      • Password
      • Captcha

    Step 2: Select PTRC Return Filing Option

    • Navigate to Returns → PTRC Return
    • Select Financial Year
    • Choose filing type (monthly / quarterly)

    Step 3: Enter Employee & Salary Details

    Fill in:

    • Number of employees
    • Salary slab-wise breakup
    • Professional tax deducted per month

    Ensure accuracy to avoid notices.

    Step 4: Verify Tax Liability

    • System auto-calculates total tax payable
    • Compare with challans already paid
    • Any shortfall must be paid immediately

    Step 5: Submit PTRC Return

    • Review all entered details
    • Submit return online
    • Acknowledgement number is generated

    Step 6: Download Return Acknowledgement

    • Download filed return PDF
    • Save acknowledgement & challans for records

    Common PTRC Filing Mistakes

    • ❌ Wrong employee count
    • ❌ Salary slab mismatch
    • ❌ Missing challan entries
    • ❌ Late filing of March return
    • ❌ Confusing PTRC with PTEC

    Penalty for Late PTRC Return Filing

    TypePenalty
    Late Filing Fee₹1,000 – ₹5,000
    Interest1.25% per month
    Department NoticePossible

    Regular compliance avoids legal and financial risk.

    Who Must File PTRC Yearly Return?

    • Employers with even one employee
    • Salary exceeding professional tax threshold
    • New employers after registration

    How Saving Mantra Supports PTRC Compliance

    Saving Mantra offers complete Professional Tax compliance solutions, including:

    • PTRC Registration
    • Monthly / Quarterly Return Filing
    • Yearly Return Reconciliation
    • Payment & Challan Management
    • Notice Handling & Audit Support

    ✔ Automated reminders
    ✔ Error-free filings
    ✔ Expert compliance review

    Frequently Asked Questions (FAQs)

    Q1. Is PTRC yearly return mandatory?
    Yes. Employers must file returns even if there are no changes in employee count.

    Q2. Can PTRC return be revised?
    Yes, revised returns can be filed subject to portal availability and rules.

    Q3. What if no employees worked for some months?
    Nil returns must still be filed.

    Q4. Is PTRC required without salary payments?
    Yes, if registration exists, compliance continues until surrender.

    Disclaimer

    This article is intended for informational purposes only. Professional Tax rules, return formats, and due dates may vary by state and are subject to change. Always verify details with the official government portal or consult a qualified tax professional. Saving Mantra shall not be responsible for decisions taken based on this content without professional advice.

  • Step-by-Step Guide for PTEC Yearly Payment

    Step-by-Step Guide for PTEC Yearly Payment

    Professional Tax Enrollment Certificate (PTEC) is mandatory for professionals, business owners, directors, partners, freelancers, and self-employed individuals in many Indian states.
    If you are enrolled under PTEC, you must pay Professional Tax yearly to avoid penalties, interest, and compliance issues.

    This guide explains the exact step-by-step process for PTEC yearly payment, including due dates, challan generation, and online payment.

    What Is PTEC?

    PTEC (Professional Tax Enrollment Certificate) applies to:

    • Business owners
    • Proprietors
    • Partners & Directors
    • Freelancers & Consultants
    • Professionals like doctors, CAs, architects

    👉 PTEC is different from PTRC, which applies to employers deducting tax from employees.

    PTEC Yearly Payment Amount

    In most states (including Maharashtra):

    • ₹2,500 per year
    • Paid once annually
    • Payment covers April to March

    Some states may have exemptions or different slabs.

    PTEC Payment Due Date

    CategoryDue Date
    Existing PTEC HoldersOn or before 30th June
    New RegistrationWithin 30 days of enrollment

    Late payment attracts interest and penalty.

    Step-by-Step Process for PTEC Yearly Payment

    Step 1: Login to Professional Tax Portal

    • Visit your state’s Professional Tax / GST portal
    • Login using:
      • User ID
      • Password
      • Captcha

    Step 2: Select PTEC Payment Option

    • Go to Returns / Payment / Challan
    • Select PTEC – Enrollment Tax
    • Choose Financial Year (e.g., 2025–26)

    Step 3: Generate PTEC Challan

    • System auto-calculates tax amount
    • Verify:
      • Enrollment number
      • Name
      • Period
      • Amount (₹2,500)

    Click Generate Challan

    Step 4: Make Online Payment

    Choose payment mode:

    • Net Banking
    • Debit Card
    • Credit Card
    • NEFT / RTGS (if enabled)

    Complete the payment successfully.

    Step 5: Download Payment Receipt

    • Download Challan Receipt
    • Save PDF for:
      • Audit
      • Compliance proof
      • Future reference

    Common Mistakes to Avoid

    • ❌ Missing the due date
    • ❌ Selecting wrong financial year
    • ❌ Confusing PTEC with PTRC
    • ❌ Not saving payment receipt
    • ❌ Using incorrect enrollment number

    Penalty for Late PTEC Payment

    TypeImpact
    Late Fee₹1,000 – ₹5,000
    InterestUp to 1.25% per month
    Legal NoticePossible

    Timely payment avoids unnecessary compliance risks.

    Who Is Exempt from PTEC?

    • Senior citizens (varies by state)
    • Persons with permanent disability
    • Certain women entrepreneurs (state-specific)

    Always verify exemption rules before skipping payment.

    How Saving Mantra Helps You

    Saving Mantra provides end-to-end Professional Tax compliance, including:

    • PTEC Registration
    • Yearly PTEC Payment
    • PTRC Filing
    • Notice Handling
    • Compliance Dashboard & Reminders

    ✔ No missed deadlines
    ✔ 100% online process
    ✔ Expert support

    Frequently Asked Questions (FAQs)

    Q1. Is PTEC mandatory every year?
    Yes, once enrolled, yearly payment is mandatory until surrender.

    Q2. Can I pay PTEC after due date?
    Yes, but penalty and interest will apply.

    Q3. Is PTEC required if there are no employees?
    Yes. PTEC applies to the individual/business owner, not employees.

    Q4. Can PTEC be surrendered?
    Yes, if business is closed or profession discontinued.

    Disclaimer

    This article is for informational purposes only. Professional Tax laws, rates, and exemptions may vary by state and are subject to change. Always consult a qualified tax professional or official government portal before making compliance decisions. Saving Mantra is not responsible for actions taken based on this content without professional consultation.

  • PTRC Monthly Payment: Step-by-Step Filing Guide

    What is PTRC?

    PTRC (Professional Tax Registration Certificate) is mandatory for employers who deduct professional tax from employee salaries and deposit it with the State Government. PTRC compliance ensures legal salary processing and avoids heavy penalties.

    If your business employs staff in Maharashtra, PTRC monthly payment is compulsory.

    Who Must Pay PTRC?

    Entity TypePTRC Required
    Private Limited CompanyYes
    LLPYes
    Partnership FirmYes
    Proprietorship with staffYes
    NGOs / Trusts with employeesYes
    Schools / Hospitals / FactoriesYes

    PTRC Monthly Due Date

    MonthDue Date
    Every MonthOn or before 30th of next month

    Example:
    April salary PTRC must be paid by 30th May

    PTRC Tax Slab (Maharashtra)

    Employee SalaryPTRC Deduction
    Up to ₹7,500 (Men)NIL
    ₹7,501 – ₹10,000₹175
    Above ₹10,000₹200
    February Only₹300

    Step-by-Step PTRC Monthly Payment Process

    Step 1 – Login

    Visit: https://mahagst.gov.in
    Login with your PTRC credentials.

    Step 2 – Go to PTRC Returns

    Click:

    Returns → PTRC Returns → Monthly Return

    Step 3 – Select Period

    Choose:

    • Financial Year
    • Month for which payment is due

    Step 4 – Enter Employee Data

    Fill:

    • Number of employees
    • Salary slab-wise distribution
    • System will auto-calculate PTRC payable

    Step 5 – Submit Return

    Verify details and click Submit Return

    Step 6 – Generate Challan

    Click Generate Challan
    Select payment mode:

    • Net Banking
    • Debit Card
    • NEFT / RTGS

    Step 7 – Make Payment

    Pay online and download:

    • PTRC Challan
    • Acknowledgement receipt

    Late Fees & Penalty

    DefaultPenalty
    Late PTRC Payment₹1,000 per return
    Interest1.25% per month
    Continued Non-ComplianceLegal Notices & Bank Attachment

    Why PTRC Compliance is Important

    ✔ Legal salary processing
    ✔ Mandatory for audits
    ✔ Required for GST & bank compliance
    ✔ Avoid penalties and notices
    ✔ Improves company compliance score

    How Saving Mantra Helps

    Saving Mantra provides:

    • Monthly PTRC return filing
    • Auto salary slab calculation
    • Compliance calendar reminders
    • Challan generation & payment support
    • GST + PTRC combined compliance dashboard

    Disclaimer

    This article is for informational purposes only. Professional Tax laws are subject to state amendments. Kindly consult Saving Mantra compliance experts before filing.

  • GST & LUT Registration in India – Step by Step Guide

    GST & LUT Registration in India is essential for businesses engaged in the supply of goods or services, especially exporters. GST Registration ensures tax compliance under the Goods and Services Tax regime, while LUT (Letter of Undertaking) allows exporters to supply goods or services without payment of IGST.

    Both GST and LUT processes are governed by the Central Board of Indirect Taxes and Customs (CBIC) under the GST law framework.

    What is GST Registration?

    GST Registration is mandatory for businesses whose turnover exceeds prescribed limits or those involved in inter-state supply, exports, or e-commerce. Upon registration, a business receives a GSTIN (Goods and Services Tax Identification Number), enabling it to collect tax and claim input tax credit.

    What is LUT Registration under GST?

    LUT (Letter of Undertaking) is a declaration filed by exporters stating that they will comply with GST laws and export goods/services without paying IGST. It helps exporters avoid blockage of working capital and simplifies tax compliance.

    Who Needs GST & LUT Registration?

    GST Registration Required For:

    • Businesses exceeding turnover limits
    • Inter-state suppliers
    • Exporters and importers
    • E-commerce sellers
    • Service providers

    LUT Registration Required For:

    • Exporters of goods or services
    • SEZ suppliers
    • Zero-rated supply providers

    Step-by-Step Process for GST Registration in India

    Step 1: Check Eligibility

    Verify whether your business is liable for GST registration based on turnover and activity.

    Step 2: Prepare Documents

    Documents generally required:

    • PAN of business and promoters
    • Aadhaar & address proof
    • Business registration certificate
    • Bank account details
    • Digital Signature (DSC) / Aadhaar OTP

    Step 3: Online GST Application

    • Visit the GST portal
    • Fill Part A & Part B of GST REG-01
    • Upload documents and verify using OTP/DSC

    Step 4: Verification & Approval

    • GST officer verifies application
    • GSTIN is issued upon approval

    Step-by-Step Process for LUT Registration in India

    Step 1: Login to GST Portal

    Login using valid GST credentials.

    Step 2: Navigate to LUT Filing

    Go to Services → User Services → Furnish LUT.

    Step 3: Fill LUT Form (GST RFD-11)

    • Select financial year
    • Enter witness details
    • Confirm compliance declarations

    Step 4: Submit with DSC / EVC

    Submit LUT using DSC or Aadhaar-based EVC.

    Step 5: LUT Acknowledgement

    • LUT is approved instantly
    • Acknowledgement is generated online

    Documents Required for GST & LUT Registration

    GST Registration Documents

    • PAN & Aadhaar
    • Address proof of business
    • Photograph of promoters
    • Bank statement or cancelled cheque

    LUT Registration Documents

    • GSTIN
    • Authorized signatory details
    • No prosecution declaration (self-declaration)

    Validity & Renewal

    • GST Registration: Valid until cancelled or surrendered
    • LUT Registration: Valid for one financial year and must be renewed annually

    Benefits of GST & LUT Registration

    • Legal tax compliance
    • Export without payment of IGST
    • Improved cash flow
    • Eligibility for refunds and incentives
    • Increased business credibility

    Penalties for Non-Compliance

    • Late fees and interest
    • Cancellation of GST registration
    • Blocking of exports
    • Monetary penalties and legal action

    Why Choose Saving Mantra for GST & LUT Registration?

    • GST compliance experts
    • End-to-end online filing support
    • Affordable and transparent pricing
    • Fast processing & query resolution
    • Ongoing GST compliance assistance

    Frequently Asked Questions (FAQs)

    Is LUT mandatory for exporters?
    Yes, LUT is mandatory to export without payment of IGST.

    Can a new GST registrant apply for LUT?
    Yes, once GSTIN is allotted, LUT can be filed immediately.

    How long does GST registration take?
    Typically 3–7 working days, subject to verification.

    Disclaimer

    The information provided in this blog is for general informational purposes only and does not constitute legal, tax, or professional advice. GST and LUT rules may change as per government notifications. Saving Mantra recommends consulting qualified tax professionals before proceeding.

  • EPR Registration in India – Step by Step Guide

    EPR Registration in India is mandatory for businesses that introduce plastic, electronic, battery, or packaging waste into the market. EPR stands for Extended Producer Responsibility, a policy that makes producers responsible for the collection, recycling, and environmentally sound disposal of waste generated from their products.

    EPR registration and compliance are regulated by the Central Pollution Control Board (CPCB) under various waste management rules notified by the Government of India.

    What is EPR Registration?

    EPR Registration is an authorization issued by CPCB that allows producers, importers, and brand owners (PIBOs) to operate legally while ensuring compliance with environmental waste management obligations.

    It ensures that businesses take responsibility for:

    • Post-consumer waste collection
    • Recycling and disposal
    • Reducing environmental impact

    Who Needs EPR Registration in India?

    EPR Registration is required for:

    • Producers of plastic packaging
    • Importers of packaged products
    • Brand owners selling packaged goods
    • E-waste manufacturers and importers
    • Battery producers and importers

    Types of EPR Registration

    1. Plastic Waste EPR

    For entities dealing in plastic packaging material.

    2. E-Waste EPR

    For manufacturers and importers of electrical and electronic equipment.

    3. Battery Waste EPR

    For producers and importers of batteries.

    Step-by-Step Process for EPR Registration in India

    Step 1: Identify Applicable EPR Category

    Determine whether EPR applies to:

    • Plastic waste
    • E-waste
    • Battery waste
      based on your business activity.

    Step 2: Prepare Required Documents

    Documents generally include:

    • PAN card of business
    • GST registration certificate
    • Incorporation or business registration proof
    • Product and packaging details
    • Sales and turnover data

    Step 3: Register on CPCB EPR Portal

    • Create login on the official CPCB EPR portal
    • Select the appropriate EPR category
    • Fill in the online application form

    Step 4: Upload EPR Plan

    Submit an EPR action plan detailing:

    • Waste collection mechanism
    • Recycling partners
    • Annual waste targets

    Step 5: Verification by CPCB

    • CPCB scrutinizes documents and EPR plan
    • Queries may be raised for clarification

    Step 6: Grant of EPR Authorization

    • Upon approval, EPR Registration Certificate is issued
    • Authorization number is allotted

    Documents Required for EPR Registration

    • PAN & GST certificate
    • Company incorporation documents
    • Authorized signatory details
    • Product list with packaging details
    • Agreement with recyclers (if applicable)

    Validity & Renewal of EPR Registration

    • EPR authorization is usually valid for 1 year
    • Renewal is mandatory before expiry
    • Annual returns and compliance reports must be filed

    Benefits of EPR Registration

    • Legal compliance with environmental laws
    • Avoids penalties and business disruption
    • Enhances brand reputation
    • Supports sustainable business practices
    • Mandatory for selling on marketplaces

    Penalties for Non-Compliance

    • Heavy environmental compensation
    • Suspension or cancellation of business operations
    • Legal action by pollution control authorities
    • Blocking of product sales

    Why Choose Saving Mantra for EPR Registration?

    • Expert environmental compliance consultants
    • End-to-end EPR documentation & filing
    • Affordable pricing
    • Quick resolution of CPCB queries
    • Post-registration compliance support

    Frequently Asked Questions (FAQs)

    Is EPR registration mandatory in India?
    Yes, it is mandatory for producers, importers, and brand owners dealing with regulated waste categories.

    How long does EPR registration take?
    Generally 15–30 working days, depending on document accuracy and CPCB review.

    Is EPR required for small businesses?
    Yes, EPR applies regardless of business size if covered under waste rules.

    Disclaimer

    The information provided in this blog is for general informational purposes only and does not constitute legal, environmental, or professional advice. EPR rules and procedures may change as per government notifications. Saving Mantra recommends consulting qualified professionals before proceeding.

  • Business Certifications in India – Step by Step Guide

    Business Certifications in India help organizations prove their credibility, quality, and legal compliance. These certifications are issued by government authorities or accredited bodies and play a vital role in building trust with customers, investors, banks, and regulators.

    Certifications may relate to quality, safety, taxation, MSME status, exports, or industry-specific compliance, and many are essential for business growth and participation in tenders.

    What are Business Certifications?

    Business Certifications are official approvals or recognitions that confirm a business meets specific standards, laws, or quality benchmarks. They act as proof that a company follows prescribed guidelines set by regulatory or standard-setting authorities.

    Some certifications are mandatory, while others are voluntary but highly beneficial.

    Common Types of Business Certifications in India

    1. Quality & Management Certifications

    • ISO Certifications (ISO 9001, ISO 14001, ISO 45001, etc.)
    • Issued by accredited certification bodies under standards set by the
      International Organization for Standardization

    2. MSME Certification (Udyam Registration)

    • Government recognition for Micro, Small & Medium Enterprises
    • Enables access to subsidies, loans, and government schemes

    3. Tax & Legal Certifications

    • GST Registration
    • Professional Tax Registration
    • Shops & Establishment Registration

    4. Industry-Specific Certifications

    • Food, medical, manufacturing, export-import related certifications
    • Required to operate in regulated sectors

    Step-by-Step Process for Business Certifications in India

    Step 1: Identify Required Certification

    Determine which certification is applicable based on:

    • Nature of business
    • Industry type
    • Turnover and size
    • Regulatory requirements

    Step 2: Check Eligibility Criteria

    Review eligibility conditions such as:

    • Business constitution
    • Operational readiness
    • Financial and legal compliance

    Step 3: Prepare Documentation

    Common documents include:

    • Business registration proof
    • PAN & address proof
    • Process details or compliance records
    • Financial statements (if required)

    Step 4: Application Filing

    • Apply online or offline with the concerned authority or certification body
    • Pay applicable government or certification fees

    Step 5: Verification / Audit

    • Authorities may verify documents
    • On-site inspection or audit may be conducted for quality certifications

    Step 6: Issuance of Certificate

    • After successful verification, the certificate is issued
    • Certificate validity is mentioned clearly

    Documents Required for Business Certifications

    • PAN Card of business
    • Address proof of office/factory
    • Incorporation or registration certificate
    • List of activities/products/services
    • Compliance records (as applicable)

    Validity & Renewal

    • Validity varies by certification
    • ISO & quality certifications: usually valid for 3 years
    • Government registrations may require periodic renewal
    • Non-renewal may lead to penalties or cancellation

    Benefits of Business Certifications

    • Enhances business credibility and trust
    • Helps in government tenders and funding
    • Improves customer confidence
    • Supports domestic and international expansion
    • Ensures legal and regulatory compliance

    Who Should Get Business Certifications?

    • Startups and MSMEs
    • Manufacturing units
    • Service providers
    • Exporters & importers
    • Businesses applying for tenders or funding

    Why Choose Saving Mantra for Business Certifications?

    • Expert compliance consultants
    • End-to-end certification support
    • Affordable and transparent pricing
    • Faster processing and follow-ups
    • Post-certification compliance guidance

    Frequently Asked Questions (FAQs)

    Are business certifications mandatory in India?
    Some certifications are mandatory by law, while others are voluntary but highly recommended.

    How long does certification take?
    It usually takes 7 days to a few weeks, depending on the certification type.

    Can startups apply for business certifications?
    Yes, startups can apply and gain significant benefits in credibility and growth.

    Disclaimer

    The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. Certification rules and procedures may change from time to time. Saving Mantra recommends consulting qualified professionals before proceeding.