Mvat Notification

  • Jan
  • 24

Maharashtra VAT- Norwegia and Turkey-Notfn u/s 41(1)

No. VAT. 1515/C.R. 102/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 41 of the Maharashtra Value Added Tax, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department, No. VAT 1509/ CR-89/Taxation-1, dated the 5th November 2009, as follows, namely :—

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  • Jan
  • 10

No MVAT on Drugs and Medical Equipments used in Dialysis of patients suffering from kidney disease

Rule 12B Drugs and medical equipment used in dialysis for the treatment of patients suffering from kidney disease, as may be notified from time to time, by the State Government, in the Official Gazette.

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  • Jan
  • 10

Restructuring of Maharashtra Sales Tax Department

Trade Circular No. 20T of 2015 The department had adopted functional organization structure as required for VAT administration. The functional organization led to creation of various flinctional divisions to look after a particular functional aspect in respect of a dealer. In view of the same various compliance related issues of dealers Were handled by different functional officers from functional divisions like Return.

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  • Jan
  • 03

MVAT: Set-off in respect of certain goods covered under Schedule D of Act ( Rule 52B)

52B. Set-off in respect of certain goods covered under Schedule D of the Act :‑ Notwithstanding anything contained in rules 52, 53 and 54,‑ (1) If the claimant dealer has purchased goods covered under entries 13 and 14 of schedule D’ appended to the Act, then he shall be entitled to claim set-off in respect of the said goods only to the extent of aggregate of,

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  • Dec
  • 27

Maharashtra VAT- Downloading of Digitally Signed Registration Certificate

Trade Circular No. 19T of 2015 A dealer seeking registration under the Maharashtra Value added Tax Act, 2002 submits an online application for registration along with the required documents. The Registration Officer to whom such application gets allocated generates the TIN if the application is found to be correct and is supported with the appropriate documents.

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  • Dec
  • 07

Maharashtra VAT- Practicle Examples on Revision in rates of interest from 01.12.2015

Trade Circular No 18T of 2015 The old rates of interest will apply where the default starts and ends before 1st December 2015. In another words, if the tax has become due before the 1st December 2015 and default continues after the 1st December 2015, then for the period of default before 1st December 2015, the old rates of interest shall apply and in so far as the default continues on or after 1st December 2015, the new rates will apply as per the slabs which shall commence on 1st December 2015.

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  • Nov
  • 15

Physical Submission of Statement of submission and Acknowledgement of Audit Report in Form 704 for F.Y. 2014-15

Trade Circular No. 17T of 2015 The last date for submission of audit report u/s 61 of the MVAT Act 2002, for the period 2014­15 is 15th January 2016. After uploading their audit reports for the period 2014-15, the dealers shall submit the following documents:

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  • Nov
  • 15

Revision in rates of Maharashtra Value Added Tax

Trade Cir. 16T of 2015 Taxation of liquor: Schedule rate of tax on liquor, covered by Schedule entries, D-1, D-2 and D-3 has been increased from 50% to 60%, as seen above. The rate of tax on wine, covered by entry D-3A and on bulk wine, covered by entry D-3B continues to be 40% and 20% respectively.

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  • Nov
  • 15

Maharashtra VAT- Discontinuance of Issue of Bill on Thermal Paper Reg.

Trade Cir. 15T of 2015 It has been observed that now a days many dealers issue bills on thermal paper. Thermal paper bills do not last for a long time and printed matter on such bill fades away in few days. The consumers/buyers and the consumer organisations have brought this fact to the notice of the Government.

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  • Nov
  • 07

Maharashtra VAT-Delay Interest Rate Revised w.e.f. 01-12-2015

The Government of Maharashtra has issued Notification No.VAT.1515/CR-81/Taxation-1 dated 05-11-2015 revising the late payment interest rates slabwise viz. for delay of first month @ 1.25% p.m., for next two months @ 1.50% p.m. and thereafter @2% p.m w.e.f. 1st December 2015.

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