The Government of Maharashtra has issued Notification No. VAT 1510/CR-165/Taxation-1 dated 20 December 2010 in pursuance of the powers conferred under rule 45A of the Maharashtra Value Added Tax Rules, 2005. As per the said notification, the dealers liable to file six-monthly returns under Maharashtra Value Added Tax (‘MVAT’) laws shall make payments electronically with effect from 31 March 2011 of any amount under Maharashtra Value Added Tax Act, 2002.

Thus, with effect from 31 March 2011, e-payment of taxes has been made mandatory for all the dealers liable to file six-monthly returns under MVAT laws.

Maharashtra Sales Tax Department has introduced e-payment of taxes in a phased manner. Now, this has been made mandatory for all classes of dealers as mentioned below.

Sr.

No.

Type of Dealers Date from which e-payment

is made mandatory

Notification / Trade Circular No.

1 Dealers liable to file monthly

returns under MVAT laws

 

1 June 2010 Notification No. VAT 1510 / CR-64 / Taxation–1

dated 26 May 2010

 

2 Dealers liable to file monthly

returns under Maharashtra

Profession Tax Act, 1975

 

1 June 2010 Trade Circular No. 17T of 2010 dated 17 May 2010

 

3 Dealers liable to file quarterly

returns under MVAT laws

 

1 October 2010 Notification No. VAT 1510 / CR-90 / Taxation-1

dated 28 July 2010

 

4 Dealers liable to file six-monthly

returns under MVAT laws

31 March 2011 Notification No. VAT 1510/ CR-165 /Taxation-1

dated 20 December 2010

 

Following are the banks through which, e-payment can be made by using internet banking facility.

E-payment directly from Bank’s website Banks integrated with Maharashtra Sales Tax Department
State Bank of India IDBI Bank
State Bank of Hyderabad Corporation Bank
State Bank of Travancore Union Bank of India
State Bank of Mysore Bank of Maharashtra
State Bank of Bikaner & Jaipur Indian Overseas Bank
State Bank of Patiala Indian Bank
IDBI Bank Central Bank of India
Corporation Bank Dena Bank
Union Bank of India Allahabad Bank
Bank of India  
Bank of Maharashtra  
Bank of Baroda  
Punjab National Bank  

Mandatory e-Payment of Central Sales Tax (CST) Act: Combined reading of Rule 45A of MVAT Rules, 2005, above referred Notification and Section 9(2) of CST Act makes it clear that e-Payment of CST has been made mandatory for all the dealers with effect from 31 March 2011.

More Under Goods and Services Tax

Posted Under

Category : Goods and Services Tax (5563)
Type : Articles (15254)
Tags : MVAT (750)

0 responses to “E-payment of VAT and CST under Maharashtra Value Added Tax (MVAT) laws”

  1. asif says:

    can i pay my MVAT by cash in any bank?

  2. amarjeet singh says:

    is it compulsory to open an account with a bank, say idbi, to make e payment of mvat. as far as i know we are allowed to do so, but the same bank says we can use the facility once but not again.

Leave a Reply

Your email address will not be published. Required fields are marked *