TRADE CIRCULAR
No. VAT / IC MAHAVIKAS /
Trade Cir. No. 4T of 2010. Dated: 18/01/2010
SUB : – Filing of Audit Report in Form-704 for the periods 2005-06, 2006-07 and 2007-08.
REF : – 1. Trade Cir. No. 27 T of 2009 Dt:- 1″ Oct. 2009.
Gentlemen / Sir / Madam ,
As per Section 61 of MVAT Act, 2002 it is mandatory for all eligible dealers to get their books of accounts audited. As per trade circular No. 27 T of 2009 Dated 01.10.2009, any dealer who files Audit Report in Form 704 on or after 1″ Oct.2009 for any period shall file the same electronically in the new Form-704.
Now it is clarified that the ‘Sales Tax Department’ shall accept Audit Report in Form – 704 for the periods 2005-06, 2006-07, 2007-08 physically in old format. However, the dealer may file audit report in form 704 electronically if he desires to do so.
In case of difficulties, the dealers are requested to approach the Help Desk specially established to provide technical support to the dealers while filing their audit reports in Form – 704.
This circular cannot be made use of for legal interpretation of provisions of Law, as it is clarificatory in nature. 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 contents of this circular to the notice of all the members of your association.
Yours faithfully
sd/-
(Sanjay Bhatia)
Commissioner of Sales Tax, Maharashtra State, Mumbai.
No. VAT/ACST-1/Internal Circular/ Form 704/ Desk Audit/B , Mumbai, Date ) 18-1-2010.
(Trade Circular No.4T of 2009.)
Copy forwarded to,
a) All Additional Commissioners of Sales Tax in the State
b) All Joint Commissioners of Sales Tax in the State
c) All Deputy Commissioners of Sales Tax in the State
d) All Assistant Commissioners of Sales Tax in the State e) All Sales Tax Officers in the State
(GIRISH NEHETE)
Deputy Commissioner of Sales Tax,
704 cell, Mazgaon, Mumbai.
