MVAT

Changes on Tax Front & other Changes proposed in Maharashtra Budget 2019

Goods and Services Tax - Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019. 1. The First Phase of Settlement Scheme will end on 31st July 2019 whereas, the Second Phase will end on 31st August 2019. 2. An amendment is done to bring clarity as to whether, the adjustment of tax would be towards undisputed tax or towards dispute...

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How to submit application for Settlement of Arrears of Tax, Interest, Penalty or Late fee in Maharashtra

Goods and Services Tax - User manual for preparation and uploading of Form-I and Form-IA USER MANUAL: ONLINE SUBMISSION OF APPLICATION How do I submit an application for Settlement of Arrears of Tax, Interest, Penalty or the Late fee (hereinafter referred as “Amnesty Application” To submit an Amnesty application perform following steps: 1. Access the https://...

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Maharashtra Profession Tax One Time Payment of Tax Scheme

Goods and Services Tax - Maharashtra Profession tax OTPT Scheme-Summary and Practical Guide The Government Of Maharashtra vide Notification No. PFT.1218/C.R.52/Taxation-3 makes available an optional scheme for the payment of profession tax, in advance, for an enrolled person, under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 19...

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An opportunity to put rest to age old Pre-GST Litigation

Goods and Services Tax - An opportunity to put rest to age old Pre-GST Litigation Recently, the Maharashtra Government introduced an Amnesty Scheme to settle all open tax disputes pertaining to pre-GST era.  This was introduced by passing an ordinance, namely, Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019. The intention ...

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Highlights of Maharashtra Settlement of Arrears Scheme (Amnesty)

Goods and Services Tax - Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fees Ordinance 2019 The Maharashtra Goods and Services Tax Act, 2017 has been made applicable in the State with effect from the 1st July 2017. Prior to the implementation of GST in the State various tax laws were in force, some of the tax laws […]...

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Govt. Dept. still deducting TDS under MVAT Act in GST Era: ICAI

Goods and Services Tax - it has been observed that some of the Govt Departments like PWD & other Municipal Corporations and Local Self Govt bodies continue to deduct TDS as per the provisions of Section 31 of Maharashtra Value Added Tax Act, 2002....

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Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

Goods and Services Tax - In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

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MVAT Audit Acknowledgement submission date extended to 26.02.2018

Goods and Services Tax - Due to public holidays on 24th and 25th February 2018, last date for submission of physical copy of acknowledgment of Form e-704 is extended by one day i.e. up to 26.02.2018. Source- https://mahagst.gov.in/en/due-public-holidays-24th-and-25th-february-2018-last-date-submission-physical-copy-acknowledgment...

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Two websites for VAT / GST Dealers in Maharashtra wef 26.12.2017

Goods and Services Tax - MGSTD Portals Starting from 26/12/2017 MGSTD will have two portals, www.mahavat.gov.in for old e-Services and www.mahagst.gov.in for all New Automation / SAP e-Services. www.mahavat.gov.in 1. Prior period return filing, prior period e-CST declarations and audit VAT Audit Report (e-704) for F.Y.2016-17 and earlier periods along with CDA sh...

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MVAT: Ease of doing Business Initiative by Dept. of Sales Tax

Goods and Services Tax - Registration process and payment of Fee for registration is end to end online for all the Acts administered by the Department (MVAT Act, CST Act, Entry Tax Act, Profession Tax Act, Luxury Tax Act and Sugarcane Purchase Tax Act....

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HC directs dept to consider claim for issuance of ‘C’ Form on purchase of natural gas from Gujrat

Bombay Dyeing and Manufacturing Co. Ltd. Vs State of Maharashtra and Another (Bombay High Court) - Bombay Dyeing and Manufacturing Co. Ltd. Vs State of  Maharashtra (Bombay High Court) The Petitioner’s grievance is that the Respondents are not issuing Form C in respect of its purchase of natural gas from Gujrat. This is used in the manufacture of polyester staple fibre. Primarily, the cont...

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Classification of Hybrid Amplifier for MVAT: Under Accessory of Cable T.V. or general electronic item?

The Commissioner of Sales Tax Vs M/s Khush Bhakht Electronic Engineers Pvt.Ltd. (Bombay High Court) - The Commissioner of Sales Tax Vs M/s Khush Bhakht Electronic Engineers Pvt.Ltd. (Bombay High Court) Whether on the facts and circumstances of the case and on a true and correct interpretation of schedule entries C-II-124 and C-II-126, appended to the Bombay Sales Tax Act 1959, the Tribunal was legal...

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3% Tax Rate benefit under MVAT Act cannot be given prior to 14.10.2017

Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court) - Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court) The only question that we have to consider is whether this concessional rate of duty could be availed of by the petitioner from 24.08.2017 to 13.10.2017. The intervening period where the taxable pe...

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MVAT: No Input Tax Credit on Goods not Resold within 6 Month period

Axis Mutual Fund Vs The State of Maharashtra (Bombay High Court) - During the course of assessment, the assessing authority has alleged that the petitioner is not eligible to claim any input tax credit as the goods purchased by the petitioner on which input tax credit is claimed are not resold within a period of six months from the date of purchase. Such allegation...

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Port Trust is a dealer liable to sales tax under Bombay Sales Tax Act 1954: HC

The Board of Trustees of the Port of Bombay Vs. The State of Maharashtra (Bombay High Court) - judgment of the Supreme Court in Cochin Port Trust holds the field. We are accordingly of the view that the Port Trust falls within the definition of dealer and is liable to sales tax under the Bombay Sales Tax Act 1954....

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Amendment to Notification under MVAT Act Section 41(1) (Add Republic of Bangladesh w.e.f 01.06.2019)

Notification No. VAT. 1519/CR 79/Taxation-1 - (06/09/2019) - Amendment to Notification under MVAT Act Section 41(1) (Add Republic of Bangladesh w.e.f 01.06.2019) FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 6th September 2019. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1519/CR 79/Taxation-1...

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Guidelines for GST tax payers to report ITC related fields properly

Trade Circular No. 47T of 2019 - (26/08/2019) - Recently, one such case has been noticed, wherein the tax payer of Maharashtra State has not disclosed the ineligible ITC on account of IGST paid on inward interstate supply and import supplies in its periodic returns filed in form GSTR-3B. It resulted in short transfer of IGST funds to the State of...

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Guidelines for cross checking of Input Tax Credit under MVAT

Trade Circular No. 46T of 2019 - (23/08/2019) - For the periods starting on or after Ola April 2005 and ending on or before 31a March 2008, the return as well as the MVAT Audit report filing process was not electronic. ITC in such cases shall be allowed upon verification of record such as tax invoices and books of accounts produced by the claiman...

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Maharashtra Amnesty: Due date extended till 30th August 2019

Notification No. GST-1019/C.R.34/Taxation-1 - (23/08/2019) - Amendment to the Order of the Removal of Difficulties faced by the taxpayers due to technical glitch-Extension of dates for submission of application and for making payments for Settlement by the Identified Taxpayers under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, ...

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MVAT: Withdrawal of Trade Circular No. 25A of 2008 dated 22.12.2008

Trade Circular No. 45T of 2019 - (16/08/2019) - You may recall that the Trade Circular No-25A of 2008 dated 22nd December, 2008 was issued to clarify the calculation of Cumulative Quantum of Benefits (CQB) on purchases used in manufacture of goods in respect of which set-off U/R 41F of BST Rules is admissible. The said Trade Circular stands withd...

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Recent Posts in "MVAT"

Amendment to Notification under MVAT Act Section 41(1) (Add Republic of Bangladesh w.e.f 01.06.2019)

Notification No. VAT. 1519/CR 79/Taxation-1 (06/09/2019)

Amendment to Notification under MVAT Act Section 41(1) (Add Republic of Bangladesh w.e.f 01.06.2019) FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 6th September 2019. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1519/CR 79/Taxation-1.— In exercise of the powers conferred...

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Guidelines for GST tax payers to report ITC related fields properly

Trade Circular No. 47T of 2019 (26/08/2019)

Recently, one such case has been noticed, wherein the tax payer of Maharashtra State has not disclosed the ineligible ITC on account of IGST paid on inward interstate supply and import supplies in its periodic returns filed in form GSTR-3B. It resulted in short transfer of IGST funds to the State of Maharashtra...

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Guidelines for cross checking of Input Tax Credit under MVAT

Trade Circular No. 46T of 2019 (23/08/2019)

For the periods starting on or after Ola April 2005 and ending on or before 31a March 2008, the return as well as the MVAT Audit report filing process was not electronic. ITC in such cases shall be allowed upon verification of record such as tax invoices and books of accounts produced by the claimant dealer....

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Maharashtra Amnesty: Due date extended till 30th August 2019

Notification No. GST-1019/C.R.34/Taxation-1 (23/08/2019)

Amendment to the Order of the Removal of Difficulties faced by the taxpayers due to technical glitch-Extension of dates for submission of application and for making payments for Settlement by the Identified Taxpayers under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019 till 30th August 2019. FINANCE DEPA...

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MVAT: Withdrawal of Trade Circular No. 25A of 2008 dated 22.12.2008

Trade Circular No. 45T of 2019 (16/08/2019)

You may recall that the Trade Circular No-25A of 2008 dated 22nd December, 2008 was issued to clarify the calculation of Cumulative Quantum of Benefits (CQB) on purchases used in manufacture of goods in respect of which set-off U/R 41F of BST Rules is admissible. The said Trade Circular stands withdrawn....

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Documents requirement for MVAT Registration relaxed

Trade Circular No. 44T of 2019 (16/08/2019)

There is a demand from the trade that, some modifications are required in Sr. No. A.10 of the list of documents required for all types of registration in trade Circular No.20T of 2017 dated 16/06/2017.In the said column of Sr. No. A. 10, it is mentioned that In case of LICENSED commodities, license showing name of the licensee, period of ...

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Maharashtra Amnesty: Due date extended for Submission of Form & Payment

Notification No. GST-1019/C.R.34/Taxation-1 (14/08/2019)

Due dates under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019 for Submission of application in Form-I or Form-IA in and for making payments for Settlement by the Identified Taxpayers extended till 23rd August 2019. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, da...

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Maharashtra Value Added Tax (Third Amendment) Rules, 2019

Notification No. VAT-1519/CR-89/Taxation-1 (08/08/2019)

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated 8th August 2019 MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1519/CR-89/Taxation-1.—Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra...

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Reimbursement of SGST applicable on tickets of Super 30 movie

Trade Circular No. 43 T of 2019 (07/08/2019)

You are aware that Super 30 movie which gives an important social message in the field of education is released throughout India. To promote this social message, Government of Maharashtra has issued above referred GR wherein Government is going to reimburse to the registered theatre the component of State Goods and Services Tax (SGST) pro...

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Maharashtra Amnesty Scheme- Opportunity to taxpayers who faced technical glitches

Trade Circular No. 42T of 2019 (05/08/2019)

Opportunity to the taxpayers who have faced technical glitches affecting the payment of requisite amount and submission of applications for Settlement of Arrears under First Phase...

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