Goods and service Tax News, Articles and Notification

  • Dec
  • 24
  • 2008

Notification about composition Scheme for Drug Retailers

Added In GST
No. VAT.1507/CR- 55/Taxation- 1 In the SCHEDULE appended to the said notification, in entry 3, in column (4), under the heading Composition Amount, after clause (1), the following clause shall be inserted namely: – (1A) at the rate of 6 per cent for the retailers whose at least ¾th of the turnover of sales of goods is of drugs covered by the entries 29 and 29A of SCHEDULE C appended to the Act.

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  • Dec
  • 22
  • 2008

Submission of MVAT Audit Report for 2007-2008 in Old Format

Added In GST
The Government of Maharashtra has issued Trade Circular No. 41 T of 2008 dated 18.12.2008 allowing the submission of VAT Audit Reports for the Financial Year 2007-2008 in old Form No.704 also.

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  • Dec
  • 21
  • 2008

MVAT E-Filing of Returns Made Applicable to All Dealers

Added In GST
Mandatory E-filing of Returns is applicable for Registered Dealers to whom the Explanation to clause (8) of Section 2 applies and whose tax liability during the previous year was rupees one crore or less, in respect of the period starting on or after 1st April, 2008.

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  • Dec
  • 19
  • 2008

Power Point Presentation on New MVAT Form and Engagement Letter

Added In GST
Specimen of Letter of Appointment as Vat Auditor under Section 61 Of The MVAT Act, 2002, For The Financial Year Ending 31st March 2011. Specimen Letter of Communication with Previous Mavt Auditor.

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  • Dec
  • 11
  • 2008

A Good Tool for MVAT Audit

Added In GST
Have a look at a very small utility to verify the correctness of VAT and CST Registration Numbers under Maharashtra VAT Act, 2002.This small MVAT Registration Numbers validation utility can be used as atool for the VAT Audit to check the VAT and CST Registration Nos of the parties as the utility checks whether the numbers are in the proper format or not.

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  • Nov
  • 21
  • 2008

New form no 704 in excel, word and PDF format along with all the schedules

Added In GST
Dear Friends please find attached herewith format/form required for MVAT Audit in Maharashtra ie. form No. 704 in Excel Format, In Word Format and in PDF format released by the department. Download Form No. 704 along with schedules in Excel Format. Download Form No. 704 along with schedules in PDF Format

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  • Oct
  • 23
  • 2008

Remove VAT on Perishable Goods, Centre Tells States

Added In GST
Union Minister of State for Food Processing Industries Subodh Kant Sahai today urged the states to remove Value Added Tax (VAT) on perishable goods and peg it below four per cent on non-perishable items to encourage food processing industry. Around 15 companies have already brought in 106.4 million US dollar foreign direct investments into the country’s food processing sector, Sahai said while addressing Investors’ Meeting for Development of Food Processing Sector in Andhra Pradesh.

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  • Sep
  • 13
  • 2008

Voluntary Filing of MVAT E-returns and continuation of 10days Grace

Added In GST
A large number of representations have been received from dealers who are not covered by the Notification for filing of e_Return. These dealers made a request and shown their willingness for filing e_Return even though it is not mandatory for them to file e-Return. It is the endeavor of the department to encourage the filing of e_return. Therefore, the request of these dealers is accepted and they were allowed to file e_Return.

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  • Sep
  • 10
  • 2008

E-filing of Return for some more dealers under Maharashtra VAT

Added In GST
Notification No. VAT/AMD-1007/ IB/Adm-6 dated 30.08.2008 the registered dealers whose tax liability during the previous year had exceeded Rs. one lakh, shall in respect of the period starting on or after 1st July 2008; the registered dealers whose entitlement for refund during the previous year had exceed Rs. Ten lakh, shall in respect of the period starting on or after 1st July 2008;

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  • Aug
  • 09
  • 2008

Steel Authority of India Ltd. Versus Sales Tax Officer (Supreme Court)

Added In GST
A bare reading of the order shows complete non-application of mind. As rightly pointed out by learned counsel for the appellant, this is not the way a statutory appeal is to be disposed of. Various important questions of law were raised. Unfortunately, even they were not dealt by the first appellate authority.

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