Chinmay Gangwal

Chinmay GangwalMaharashtra Government has taken an initiative to make e-filing Return process hassle frees and for ease of doing Business. For that purpose, New templates of annexures and returns in Form 231, Form 232, Form 233, Form 234, Form 235 and CST Form III ( E) has been introduced in place of Old Annexures J1, J2 and respective old return forms. All Dealers are required to file Sales- Purchase Annexures before Submission of Return from 1st April 2016.

What are the Steps for E Filing of Return…??

There are Seven Steps for E Filing of Return and they are:-

1. Downloading of Sales and Purchases Annexure Template from www.mahavat.gov.in Website.

2. Preparation of Sales and Purchases Annexure

3. Manual Input in preview Return

4. Uploading of Annexures

5. Auto Preparation of Draft Return

6. Verification of Input Tax Credit

7. Submission of Return with Payment.

How to prepare annexure Template…??

With the help of Sale Register, Purchase Register and relevant books of account, prepare sale and purchase annexure.

There are three stages for preparing annexure templates which are follows:

1) Header :-

The Dealer has mandatory to filed the all necessaries details such as MVAT

R.C No., CST R.C No., Name of Dealer, return type i.e. original or revised, Return Forms, Financial Year, return Period etc.

But for the selecting return forms to be filed, there are only following combination of return types are permissible:-

a) Form 231 and Form 234.

b) Form 233 and Form 234.

c) Form 233 and Form 235.

d) Form 231 and Form 232.

e) All Forms of MVAT with CST Return.

And there is no option for Selecting Half Yearly periodicity for Filing return so instead of it Annual Periodicity will applicable to such dealer.

2) Sales Annexure :-

In Sales Annexure, Every Invoice is to be entered across one row irrespective of various tax rates or different types of sales. Various types of sales are allowed in single Invoice, Such as:-

A) Taxable sales (including works contract composition sales)

B) Inclusive of tax sales

C) Tax free sales

D) Exempted sales u/s 41 and 8

E) Labour charges

F) Other charges

And also transaction codes are assigned to the nature of transactions and they are follows:-

a) 100 – for sales to TIN holder (RD)

b) 200 – for sales to Non-TIN holder (URD)

c) 300 – for Branch Transfer/Consignment sales

d) 800 – for deduction u/s 3(2) i.e. turnover of sales before crossing threshold limit.

e) 600 – for goods return (applicable in case of transactions under codes 100, 200 and 800)

f) 700 – for credit notes (applicable in case of transactions under codes 100, 200 and 800)

g) 680 – for goods return (applicable in case of transactions under code 300)

h) 780 – for credit notes (applicable in case of transactions under code 300)

i) 400 – Composition sales u/s 42(1),(2) (Within State)

j) 500 – PSI Exempted Sale (Within State)

k) 940 – Export sale on H Form (Inter State)

l) 950 – Direct Export (Inter State)

m) 960 – Import Sales (High Seas) ( Inter State)

n) 970 – Inter-state sales u/s 8(6) i.e. against Form I (SEZ Sale in Inter -state).

3) Purchase Annexure:-

As same in sale Annexure, Every invoice is to be entered across one row irrespective of various tax rates or different types of purchases and various types of purchases in single invoice is allowed.

So, Transaction codes are assigned to the nature of transactions such as:-

a) 10 – for purchases from TIN holder (RD)

b) 15 – for purchases from TIN holder (RD) capital goods

c) 20 – for purchases Non-TIN holder (URD)

d) 30 – for Inter-state Branch Transfer/Consignment purchases

e) 35 – for within the State Branch Transfer

f) 40 – for Inter-State Purchases against Form-C

g) 45 – for within the State Purchases against Form-C (Purchase in transit u/s 6(2))

h) 50 – for inter-State Purchases against Form-H

i) 55 – for within the State Purchases against H Form

j) 60 – for imports (Direct)

k) 65 – for imports (High Seas)

l) 70 – for inter-State Purchases without Form

m) 75 – for inter-State Purchases against Form-I

n) 80 – for deduction u/s 3(2), turnover of purchases before crossing threshold limit.

So these transaction codes are applicable to all types of return Form and CST III(E).

How to validate annexures and preview return…??

In Validate sheet, Press Validate and preview button and then Return forms shall open for preview and manual input.

But in these types of return Forms has some changes in respect to old Forms and such as :-

SR.

NO

CLAUSE

NO

OLD FORM VAT FormNEW FORM VAT FormREMARKS
12Eligible for 704 Applicable Yes /NoNot MentionedEligible for 704

Applicable Yes / No

 

22Location of sale tax office, Email Id, Telephone No.But Name of Dealer is in Editable Format
35 Computation of net turnover of sales liable to tax N. A5 (b) Less:- Turnover of Sales (including taxes thereon) including inter-state Consignment Transfers and Branch Transfers Covered under Form Number 234New clause Added
4N. AAdd:- Value of Goods return (inclusive of tax) including reduction of sale price on account of rate difference and discount claimed in earlier period but not confirmed by buyer.New clause Added
5In Earlier Return, There are no separate column for Value for goods return and reduction in sale price on account of rate difference and discount.In New Form, There are separate columns for Value for goods return and Reduction in sale price on account of rate difference and discount.New clause Added
6N. ALess:- Value of Goods return (inclusive of tax) including reduction of sale price on account of rate difference and discount claimed in earlier period but not confirmed by buyer.New clause Added
7N. ALess:- Total Value in which tax is not collected separately ( Inclusive of Tax with whole Amount )New clause Added
8In Earlier Return We have to show in inner column with the Bifurcation of Export sale and deemed Export and Import sale u/s 5(2)N.ADeleted
9N.ADeduction u/s 3 (2)New clause Added
108
Computation of Sales Tax payable Inclusive
under the MVAT Act
N. AThe systems will automatic compute sale tax liability if rate of tax is selected and the value of sale Turnover is mention.New clause Added
119 Computation of Purchases Eligible for Set-offN. ALess:- Turnover of Purchases Covered under Form Number 234New clause Added
12In Earlier Return, There were no separate columns for Value for goods return and reduction in Purchase price on account of rate difference and discount.In New Form, There are separate columns for Value for goods return and Reduction in Purchase price on account of rate difference and discount.New clause Added
13In Earlier Return, There was no separate column for interstate purchase against Local H Form.In New Form, There is separate columns for Value for Interstate purchase against Local H.New clause Added
14No Separate column for interstate purchase against C FormIn New Form, There are separate columns for Value for Interstate purchase against Local C and C FormNew clause Added
15N.AInterstate purchases of taxable goods against declaration in Form’I’New clause Added
16N.ASeparate information has to be given about Within the State Purchases of Taxable goods purchase from Composition dealer u/s 42(2),(4)New clause Added
17N.ADeduction u/s 3 (2)New clause Added
1811. Tax Rate wise breakup of within state purchases from registered dealers eligible for set-off as per box 9(x)Earlier we have to mentioned tax amount manuallyInput Tax is to be automatically calculated on the amount of purchasesNew clause Added
1912. Computation of set-off claimed in this returnN.ASet-off denial on account of purchases from RCC or Composition dealerNew clause Added
20N.AReduction in the amount of set-off u/r 52A with the bifurcation of capital Asset and non capital AssetPurchase of goods on

Time of setting up

Business.

21N.ADenial in the amount of set-off u/r 54 of the corresponding purchase price with the bifurcation of capital Asset and non capital Asset
22N.AWithin the State Purchases of taxable goods from registered dealers under MVAT Act, 2002 and set-off not claimed.
23N.AWithin the state purchases of Capital Asset from registered dealer ITC withheld for staggered manner
24N.AReversal on account of set-off claimed Excess in earlier return
25N.AReduction u/r 52A, 53 and denial u/r 54 out of above( i)
26N.AAllowance of Set-off not claimed on goods return
2713 A. Aggregate of credit available for the period covered under this returnIn Earlier Return, There were no separate columns for Value for adjustment of ET Paid on goods into Local Area Act 2002 and ET Paid on Entry of Vehicle Act.In New Return form, There are separate columns for Value for adjustment of ET Paid on goods into Local Area Act 2002 and ET Paid on Entry of Vehicle Act.
2813 B .Total tax payable and adjustment of CST/ET payable against available credit In Earlier Return, There were no separate columns for Value for adjustment of ET Paid on goods into Local Area Act 2002 and ET Paid on Entry of Vehicle Act.In New Return form, There are separate columns for Value for adjustment of ET Paid on goods into Local Area Act 2002 and ET Paid on Entry of Vehicle Act.
29N.AReversal on account of set-off claimed Excess in earlier return
30N.AReduction u/r 52A, 53 and denial u/r 54 out of above (i)
Form CST
1V .Mode of Incentives if holding Certificate of entitlement under package scheme of incentivesIn Earlier Return, Exemption and Deferment have to be shown.Now We have to compulsory mentioned the Mode of Incentives and Type of Unit.
21 DN.ACredit Note , price on account of rate difference and discount
31 FN.ASales of the goods in the course of export out of India (Export Against Form-H)Separate Column

is inserted

42 EN.ATurnover of interstate sales u/s 8(6)SEZ Sale
53AN.ATotal Value in which tax is not collected separately ( Inclusive of Tax with whole Amount )
6B. Sale Taxable u/s 8 (2) ( Tax Collected SeparatelyN.ANew Column is inserted i.e. Quantity Sold
7C. Sale Taxable u/s 8 (2) ( Tax Collected SeparatelyN.AWe have to show turnover of CST sale inclusive of Tax

How to create file for uploading…??

After manual input in preview return, to create file for uploading in validate sheet, press create file for uploading button and after that text file shall be created on desktop by TIN No.

What is the summary from above…??

Always, Maharashtra Government has made various changes in E Filing return procedures in the preview of GST Act from last many years. It is tries to keeps lower rate of tax Evasion and another It will also makes changes in the automation processes and other in procedures like E- Assessment, E-Appeal Hearing Etc.

Posted Under

Category : GST (2077)
Type : Articles (10797)
Tags : MVAT (499)
  • Suhel

    as all invoices has to enter so what about cash Invoices which can not be entered …