State

Cabinet nod to professional tax Act amendment

Shillong, July 4: The state cabinet has approved the amendment to the Meghalaya Professions, Trades, Callings & Employment Tax Act.

Chief Minister Conrad Sangma said this will make registration mandatory for all.

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For schedule areas, it will be done by district councils and for non-schedule areas, it will be done by the state taxation department, Conrad said.

“Anyone with an income of less than Rs1.8 lakh will not have to pay the tax that earlier applied to individuals with income below Rs 50,000”, he said.

The 12 gross income slabs are now reduced to 4.

The Rs 1.8 lakh- 3 lakh slab will be Rs 500, Rs3-5 lakh slab will be Rs1000, Rs 5 7.5 lakh will be Rs 1500 and above Rs 7.5 lakh will be Rs 2500.

For decriminalisation of minor offences (for not paying of taxes) which previously led to the imprisonment of up to 3 years, the cabinet has decided to do away with the provision of imprisonment by adding a penalty of payment of 4 times the amount due.

There will also be an interest amount at 12% per year for those paying late.

The chief minister said the amendment will be applicable from April 1, 2022.

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