MVAT – Documents to be submitted with Audit Report in Form 704

TRADE CIRCULAR

No.VAT/JC Mahavikas/

Trade Cir. No.16T of 2011, Dated- Date: 11/11/2011

Sub: Filing of Audit Report in Form 704 electronically for the period 01-04-2010 – 31-03-2011.

Ref: Trade Circular No.27 T of 2009 Dt: 1^st October 2009.

Gentlemen/Sir/Madam,

The detailed instructions for filing of Audit report u/s 61 of the MVAT Act 2002 in form 704 were issued by the Trade circular No.27T of 2009, dated 1st October 2009. It was then clarified in para 4 of the said circular, that such dealers would also be requited to submit certain documents. In partial modification of the said instructions, it is now clarified, that the dealers who are required to file audit report u/s 61 of MVAT 2002 for the financial year 2010-2011 besides filing audit report, should furnish the following documents namely-

i) A statement of submission of audit report in the format given in the Circular dated 1/10/2009.

ii) A duly signed copy of Acknowledgement generated after uploading of audit report in Form-704.

iii) A copy of Part-1 of the Form-e- 704 alongwith, certification duly signed by the Auditor.

2. The aforesaid documents shall be submitted. –

A. In the case of Mumbai –

i. to the concerned LTD officer, if the dealer is a Large Tax Payer,

ii. to the Desk Audit Cell at Vikrikar Bhavan, Mazgaon, Mumbai if the dealer is not a Large Tax Payer.

B. In the case of rest of the state-

i. to the concerned LTD officer, if the dealer is a Large Tax Payer.

ii. to the Joint Commissioner of Sales Tax, VAT (ADM) if the dealer is not a large tax payer.

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 “content of this circular to the notice of all the member of your association.

Yours faithfully,

(Sanjay Bhatia)

Commissioner of Sales Tax

Maharashtra State, Mumbai