Sth Floor, Vikrikar Bhavan,
Mazgaon, Mumbai – 400 010.
Trade Cir. No. 10T of 2013
Mumbai, dt. 16/12/2013
Subject : Physical Submission of Audit Report in Form 704 for the financial year 2012¬2013
Ref: 1) Government Notification No. VAT/ AMD -1009/1B/Adm-6 dated 26th August, 2009.
2) Trade Circular No 27T of 2009 dated October 2009.
3) Trade Circular No 16T of 2011 dated 11 th November, 2011
4) Government Notification No: VAT-1512/CR-139/Taxation-1 dated 21st November 2012
5) Trade Circular No 19T of 2012 dated 9th November, 2012
6) Trade Circular No 2T of 2013 dated 15th January, 2013
7) Government Notification No: VAT/AMD – 2013/1B/ADM – 8 dated 23rd August 2013
With reference to above, the dealers who are required to file audit report u/s 61 of MVAT Act, 2002 for the financial year 2012-2013, shall besides filing the audit report, furnish the following documents.
i. A statement of submission of Audit Report in the format given in the Notification No: VAT/AMD – 2013/1B/ADM – 8 dated 23rd August 2013 . A statement of submission should be duly certified with signature, stamp, seal of the dealer and with date.
ii. A duly signed copy of Acknowledgement generated after uploading of Audit Report in Form-704 iii. A copy of Part-I of the Form-704 alongwith certification duly signed by the Auditor. The aforesaid documents shall be submitted:
A. In case of Mumbai
I. to the concerned LTU officer, if the dealer is Large Tax Payer
II. to the 704 Cell at Vikrikar Bhavan, Mazgaon, Mumbai if the dealer is not is Large Tax Payer
B. In the case of rest of the state
I. to concerned LTU officer, if the dealer is Large Tax Payer
IL to the Location Incharge Officer of every Location e.g. Joint Commissioner of Sales Tax, VAT (ADM), Dy Commissioner of Sales Tax ( Vat Adm.), Asst. Commissioner of Sales Tax ( Vat Adm.), if the dealer is not a Large Tax Payer.
If the recommendations of the Auditor are accepted by the dealer and dealer has accordingly paid the tax dues, if any, then he shall also submit the copies of such tax paid challans and Copies of Revised Returns, if any, along with the above documents, so as to avoid any further enquiry in this respect.
The last date for electronic uploading of form e704, for the financial year 2012-2013, is 15th January, 2014 and the last date for submission of above documents is 25th January, 2014.
If any member of the trade has any doubt he may refer the matter to this office for further clarification.
You are requested to bring the contents of this circular to the notice of all the members of your association.
( Dr. Nitin Kareer )
Commissioner of Sales Tax,
Maharashtra State, Mumbai.