maharashtra value added tax

On 18th June 2009 the Government of Maharashtra has passed the Maharashtra Value Added Tax (2nd Amendment) Rules 2009 These amendments are brought into effect from 1st July 2009 unless otherwise specified. Following are the amendments which are made in the MVAT Rules: -  Full Article

On 29th June 2009 the Government of Maharashtra passed the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2009 (Mah Act No. XVII of 2009) and amended the Maharashtra Value Added Tax. These amendments are brought into effect from 1st July 2009 unless otherwise specified. Following are the amendments which are made in the MVAT [...] Full Article

TRADE CIRCULAR No.VAT/AMD-1009/1A/ADM-6 Mumbai, Dt. 6th August, 2009. Trade Cir. No. 22T of 2009 Gentlemen/Sir/Madam, Honorable Finance Minister of Maharashtra presented the Budget on 4th June 2009. In order to give effect to the announcements made in the House, certain amendments have been made to the Maharashtra State Tax on Professions, Trades, Callings and Employment [...] Full Article

The definition of ‘sale’ as per the Maharashtra Value Added Tax (MVAT) Act, 2002 was amended w.e.f. June 20, 2006 so as to include, inter alia, agreement for construction of immovable property, for levy of tax on transfer of property in goods involved in the execution of such works contract. This amendment was made consequent to the Supreme Court decision in the Raheja case 141 STC 298 (SC) . Full Article

TRADE CIRCULAR Trade Circular No. 18 T of 2009  Mumbai, Dated – 11.05.09 No. MVAT/e-Return/Returns Br./ Sub-   1) Mandatory filing of e-return 2) Acceptance of returns/challans not containing valid TINs. Ref-    1) Notification, bearing No. VAT/AMD-1007/ IB/Adm-6. dt. 04.03.2009, issued by the Commissioner of Sales Tax, M.S 2) Trade Circular No. 7 T of 2009, dtd. 05.02.09.  Gentlemen/Sir/ Madam,  1. Mandatory filing of [...] Full Article

TRADE CIRCULAR                                   Date: 15.04.2009   No.VAT-2005/ Noti/138/ Adm-6 Mumbai, Trade Cir. No.13 T of 2009   Sub:   Rate of tax on Timber from 1st April 2009. Ref:   1) Govt. Notification No. VAT-1508/CR- 44/Taxation- 1 dated 29.3.2008.    [...] Full Article

No. VAT.1508/CR- 5/Taxation- 1 - In exercise of the powers conferred by sub-entry (8) of Entry 107 of schedule C appended to the Maharashtra Value Added Tax Act, 2002 [Mah IX of 2005], the Government of Maharashtra hereby amends the Government Notification, Finance Department, No.VAT-1505/ CR-233/Taxation- 1, dated the 23rd November, 2005, with effect from 1st December 2008, as follows, namely: - Full Article

Trade Circular No. 6 T of 2008 Section 51 of the Maharashtra Value Added Tax Act, 2002 deals with grant of refunds. The corresponding Rules are Rule 60 and Rule 61 of the Maharashtra Value Added Tax Rules, 2005. The provisions of Bank Guarantee are prescribed in Rule 61. The Trade Circulars No. 33T of 2005 Dt. 21.10.2005 and 56 T Dt.23.08.2007 were issued by this office in respect of Bank Guarantee for the purpose of grant of refunds under the Maharashtra Value Added Tax.. Full Article