MVAT articles

India is My Country & Paying Other’s Taxes is My Duty

Taxpayer will have to pay TDS as per provisions of Income Tax. It means while giving remuneration to other, tax is required to be deducted and deposited with the government....

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Posted Under: Income Tax | ,

Appeal Provisions Under Maharahstra Settlement of Arrears of Tax, Interest & Penalty Act 2019

Government of Maharashtra has enacted Maharashtra settlement of Arrears of Tax, Interest and penalty act 2019 w.e.f. 06-03 2019. It provides for settlement of such outstanding arrears as on 01-04-2019 under Mvat act and other allied act, pertaining to periods upto 30-06-2017....

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Posted Under: Income Tax |

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

Maharashtra state SGST department has corrected the mistake related to Trans 1 and MVAT revise return. Because of it taxpayers suffers from many problem related to it, tell us that how much it affects the taxpayers?...

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Posted Under: Income Tax |

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

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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Posted Under: Income Tax |

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

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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Posted Under: Income Tax |

Maharashtra Profession Tax One Time Payment of Tax Scheme

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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Posted Under: Income Tax |

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

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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Posted Under: Income Tax |

Highlights of Maharashtra Settlement of Arrears Scheme (Amnesty)

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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Posted Under: Income Tax |

Highlights of MVAT and other disputed taxes settlement Ordinance

Krishna, the Maharashtra Government has introduced various schemes in the Budget to settle old disputes. Considering the same, the government has introduced an ordinance to solve disputes between Maharashtra government and taxpayers. What is this ordinance?...

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Posted Under: Income Tax |

Form e-704 MVAT Audit Report for FY 2017-18: Queries & Solutions

In PART – 1 of Audit Report, Form Date and To Date are not entered as complete financial year, i.e. from data should be 01.04.2017 and To date should be 31.03.2018. Dealers who are migrated to GST wef 01.07.2017, has to download the latest template ( after clearing cache, cookies and history) and can enter the applicable VAT period ( vi...

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Posted Under: Income Tax |

Co-relation between MVAT audit report and GST !

Arjuna, In the financial year 2017-18, 3 months were of Vat while the remaining 9 months were of GST. Therefore, taxpayers would be required to get their books audited as per their Turnover under both the laws. Hence while finalizing financials taxpayers might face problems. So let us discuss on the same....

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Posted Under: Income Tax |

Issues in VAT Audit of April 2017 to June 2017 in Maharashtra

Krishna, for the year 2017-18, taxpayers have to comply with both VAT Audit and GST Audit. But which form is applicable for VAT audit? The due date for filing form 704 is 15th January, 2019....

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Posted Under: Income Tax |

New form of MVAT Audit report and GST Issues

New format of Audit report for MVAT Audit has been released. This will be audit for the 3 month i.e April 2017 to June 2017 and government has made many changes in the report. Everywhere there is workload of GST but still VAT audit for these 3 months has to be carried out. ...

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Posted Under: Income Tax |

Highlights of Maharashtra Budget 2018; PT amnesty & MVAT Changes

Amendments to Profession Tax Act- i. Responsibility to collect tax at source (TCS) on Organizations, Corporations, etc. ii. Attractive Scheme to be declared for One Time Payment of Tax (OTPT) for professionals. iii. Streamlining provisions for effective recovery of tax....

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Posted Under: Income Tax |

Process to generate challan on SAP for Payment Across Bank Counter

The Tax payer who does not have bank account in any of the authorised banks for payment of Maharashtra Sales Tax Department taxes, or does not have net banking facility can use this facility to make payment of any amount payable to the Department....

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Posted Under: Income Tax |

Procedure to reset password on “mahagst.gov.in”

As per the Maharashtra Sales tax Department, the register dealer need to register there self on mahagst.gov.in in order to file the sales tax return, audit report and for obtaining CST declaration online along with filing a refund application, etc. here is the Procedure to reset password on “mahagst.gov.in” website....

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Posted Under: Income Tax |

In the rush of GST Take Care of MVAT Audit

GST has been applicable from 1st July but Sales tax department has issued notification regarding VAT Audit on 8th December. Please explain in details regarding VAT Audit. ...

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Posted Under: Income Tax |

Steps to resolve GST Migration Issue: Edited Details in Part-B are Not Getting Saved

Some taxpayers have approached with the complaint that their migration is incomplete and they are trying to edit some details in Part-B, but the details filled are not getting saved. This is mainly due to some technical error in any of the following sections...

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Posted Under: Income Tax |

A Shift from MVAT to GST for Traders

The Biggest Indirect Tax Reform of India is about to take place on 1st July, 2017. A Summarized Format of Significant Differences under M-VAT Provisions & GST has been given below :-...

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Posted Under: Income Tax |

Issue and solution to challan paid details but not updating on MVAT draft return

I have noticed many of us facing the issue of not reflecting challan details or amount paid details in the Mvat draft return for VAT, CST, PT and luxury tax return filling for April 2016 onwards....

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Posted Under: Income Tax |

Maharashtra Budget 2017-2018 Highlights with Speech

In this article we have compiled highlights of Maharashtra Budget 2017-18 alongwith Budget Speech including the changes on Tax Front in GST, Formation of additional benches of Maharashtra Sales Tax Tribunal, Maharashtra Value Added Tax Act, Profession Tax Act, Entry Tax Act, Sugarcane Purchase Tax, Value Added Tax, Lottery tax etc. Budget...

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Posted Under: Income Tax |

Maharashtra State Budget 2017: Disturbance due to Farm Loan Waiver & Silence due to GST

Honorable Finance Minister of Maharashtra, Mr. Sudhir Mangutwar has announced the State Budget for Maharashtra State on 18th March. What are the important things in this State budget?...

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Posted Under: Income Tax |

Fly Patang of Maharashtra VAT Audit before 9th February 2017

The Sales tax department extended the date of filing of VAT Audit report. If we compare VAT and kite flying then person who is flying kite is Trader, Kite is VAT Return, Chakri means books of accounts or Audit report,...

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Posted Under: Income Tax |

Old MVAT returns ki “Patang” ko late fees ki “Dheel”

Even government is trying to fly the kite of GST. But before that the Maharashtra Sales tax department has brought circular for flying kite of old not submitted VAT returns. What ease (Dhil) is given in filing these old returns?...

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Posted Under: Income Tax |

MVAT- Procedure for provisional id Credential for GST Enrollment

User Manual: provisional id Credential for GST Enrollment:...

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Posted Under: Income Tax | ,

E-Payment of Maharashtra Value Added Tax (MVAT) – FAQs

Which category of the dealers are required to make e-payment compulsorily for VAT, CST & PTRC? Is it mandatory to pay sales tax online?...

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Posted Under: Income Tax | ,

Maharashtra VAT- 25 FAQ regarding Advance Ruling

Section 55 of the MVAT Act, 2002 was provided for Advance Ruling. However, though in existence since 2005, it was not brought into force. New Provision: Now, existing Section 55 has been substituted by new section 55 and brought into force with effect from 15t May 2016. Section 56 of the MVAT Act, 2002 providing for determination of dispu...

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Posted Under: Income Tax |

Itemwise MVAT Rate Chart W.E.F. 17.09.2016

The Value Added Tax Rate in Maharashtra for the goods falling under Schedule C, except declared goods was increased from 5% to 5.50% with effect from 01.04.2016 vide Notification No. VAT. 1516/CR-31/Taxation 1 dated 30.03.2016 & Trade Circular Trade Circular No.9T of 2016 dated 22.04.2016. ...

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Posted Under: Income Tax |

Documents required for MVAT, CST, Luxury / Entry/ Profession Tax Registration

List of documents required for registration under 1. MVAT Act, 2002-FORM 101 2. CST Act, 1956-CST FORM A 3. Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 4. Maharashtra Tax on Luxuries Act, 1987 -Luxury- FORM 4 5. Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002- Entry Tax FORM 1...

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Posted Under: Income Tax |

How to Register under Luxury Tax Act in Maharashtra

Luxury tax can mostly be seen in the usage bills of hotels, spas and specific resorts. It is chargeable on the room rented or the overall stay charges of the hotel, resort or spa, but not on the food and beverages served. Not even on any special facilities provided at the place. In short, just the accommodation is taxed thus. Luxury tax v...

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Posted Under: Income Tax |

How to Register as dealer under MVAT in Maharashtra

Under Maharashtra Value Added Tax Act, 2002, there are two modes of registration viz. a) when the dealer crosses the threshold limit and; (b) When the dealer makes an application under voluntary scheme of registration. The Dealer has to complete the following steps for Registration under Maharashtra Value Added Tax (MVAT)...

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Posted Under: Income Tax |

MVAT: FAQs in Respect of Return Filing in New Automation System

Q.1 What are the types of return I need to file? Ans. There is no change in type of returns. You are required to file the same type of returns which you have been filing until now. Q.2. Should I use different annexure for every return form? Ans. No, you have to use single annexure template for multiple return forms under VAT Act and CST A...

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Posted Under: Income Tax |

How to Register under Maharashtra Purchase Tax on Sugarcane Act, 1962

New Registration under SCPT--Road map of Registration Process-Steps involved in the grant of Registration Certificate under section 5 of the Maharashtra Purchase Tax on Sugarcane Act, 1962...

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Posted Under: Income Tax |

How to Register under Maharashtra Entry Tax on Goods

New Registration under ENTRY TAX GOODS-Road map of Registration Process-Steps involved in the grant of Registration Certificate under section 4 of the Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002. (Maharashtra Act IV of 2003)...

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Posted Under: Income Tax |

How to Register under CST in Maharashtra

New dealer going for new registration: New dealer in need of registration has to create a temporary profile to get a temporary login id, which will allow the dealer to fill up the form, make payment and finally submit the application to the tax officer to grant registration certificate( RC)...

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Posted Under: Income Tax |

Hurry makes Worry for MVAT Automation

The dealers which are registered under the MVAT Act, 2002 waited for over 6 months for filing new return form in the Maharashtra VAT Portal and now finally the long awaited new return form was made available for filing of return by the Commissioner of sales tax department of Maharashtra by issuing Trade Circular No 22T dated 26 August 201...

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Posted Under: Income Tax |

Vignaharta! Please take away Vighna’s of MVAT Returns

Sales Tax Department had introduced automation in filing of VAT Returns on 25th February 2016 and it was decided to bring it in effect from April 2016.Due to various technical issues, VAT Returns are still pending to be filled since April 2016. ...

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Posted Under: Income Tax |

New Due Dates for Filing of MVAT & CST Returns in Maharashtra

Much awaited Circular for Introduction of New Automation Process for Filing of MVAT and CST Returns has been issued under no. 22T of 2016 dated 26.08.2016 and accordingly Revised Scheduled for Filing of Returns from 01 April 2016 is also been announced...

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Posted Under: Income Tax | ,

Dahi Handi of Govinda Taxpayers on 30th September!

Krishna, festival of Lord Krishna’s Janmashtami is coming closer on 24th Aug. To break the Dahi Handi, human pyramids are formed. Also, the height of Dahi Handi is being a new topic for political debates....

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Posted Under: Income Tax |

FAQs on Maharashtra Profession Tax Amnesty Scheme-2016

Govt. of Maharashtra has declared an Amnesty Scheme for the persons who have not obtained enrolment certificate yet. Government has decided to take stringent action against the defaulters after the scheme is over. This is the last chance given by Government before initiation of action....

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Posted Under: Income Tax | ,

MVAT TDS in New Automation System

Tax deducted at Source (TDS) is governed under Section 31 of MVAT Act,2002 read with Rule 40 of MVAT Rules, 2005, is a form of deduction which shall be made by the Employer (dealer) at the time of making payment to the Contractor (supplier) for execution of works contract awarded within the state of Maharashtra, at the rates prescribed....

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Posted Under: Income Tax |

Highlights of Profession Tax Enrollment Amnesty Scheme 2016

The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st April, 1975. Under this act, every self employed person engaged in any profession, trade, callings and employment in the state of Maharashtra is required to obtain Enrollment certificate registration ...

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Posted Under: Income Tax |

MVAT: Faqs for Annual e-Return Annexures for e704 non eligible dealers

All the instructions are only for the Dealers who are not eligible to file form 704 Audit Report as per provisions laid down u/s 61 of MVAT Act, 2002. (Hence following instructions are not meant for the Dealers who are Eligible to file form 704 Audit Report.) As per provisions u/r 17(4) of MVAT Rules, […]...

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Posted Under: Income Tax |

How to Register under PTRC in Maharashtra

In this Article we discussed step wise Registration procedure for Professional Tax Registration Certificate (PTRC) in Maharashtra. PTRC certificate is to be obtain by every person who is an employer (other than Government Officer) and liable to deduct & deposit Professional Tax on behalf of an employee. An Employer has to apply for PT...

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Posted Under: Income Tax |

How to Register under PTEC in Maharashtra

In this Article we discussed step wise Registration procedure for Professional Tax Enrollment Certificate (PTEC) in Maharashtra. This certificate is to be obtain by every person who is liable to pay tax under this act (other than salary or wages earners in respect of whom tax is paid by employer). A Person has to apply for PTEC [&hellip...

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Posted Under: Income Tax |

MVAT: FAQs on Return Filing in New Automation System

Are there any changes in the format of annexure and return? Ans. Sales and purchase annexures are replaced with annexures J 1 and J2. In sales and purchase annexures, invoice wise data of sales and purchase is required to be entered. Copy and paste option is also available to insert the data in sales and purchase annexures....

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Posted Under: Income Tax |

FAQs on MVAT Audit Report in Form 704

What is Audit Report in Form 704? Ans : It is a report under section 61 of MVAT ACT, 2002 to be submitted by eligible dealer within 10 months of the end of a particular financial year....

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Posted Under: Income Tax |

New MVAT Dealers be in Discipline from First Year

Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT registration form 101, so what are those changes? Due to this what care dealer should take?...

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Posted Under: Income Tax |

Small MVAT Changes but A Big Effect on Small Dealers

Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have great responsibility and such changes have a great impact. So what is the impact of such changes?...

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Posted Under: Income Tax |

New MVAT Return System Turning Superfast as IPL Inning

Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes are being made. So what is the procedure of filing returns and it's impact on business?...

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Posted Under: Income Tax |

New Law “Maharashtra Settlement of Arrears in Dispute Act, 2016”

Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between taxpayer and sales tax department, what is that law?...

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Posted Under: Income Tax |

New Forms under Maharashtra Value Added Tax (MVAT)

Maharashtra Government has taken an initiative to make e-filing Return process hassle frees and for ease of doing Business. For that purpose, New templates of annexures and returns in Form 231, Form 232, Form 233, Form 234, Form 235 and CST Form III ( E) has been introduced in place of Old Annexures J1, J2 and respective old return forms....

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Posted Under: Income Tax |

Brief Analysis of Proposed MVAT Budget for F.Y. 2016-17

The Maharashtra State Budget, 2016 was announced on 18/03/2016 . Several amendments were suggested in the said budget. I have tried to explain the current & proposed position of the law for better understanding. To Err is human. Suggestions, views, objections etc are most welcome from the readers, for increasing my knowledge in the subjec...

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Posted Under: Income Tax |

Payment & Return Filing Due dates of PT, VAT & Luxury Tax in Maharashtra

Tax Calendar for filing of Return And payment of taxes under (MVAT ACT) in the State of Maharashtra 1. MONTHLY Sr. No. Month Due Dat Sr. No. Month Due Date. 1 April 21st May 7 October 21st November 2 May 21st June 8 November 21st December 3 June 21stJuly 9 December 21stJanuary 4 July 21stAugust […]...

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Posted Under: Income Tax | ,

Maharashtra Budget 2016- Key Provisions related to MVAT

Dayal R Kundani The Maharashtra Budget for F.Y. 2016-17 was pronounced on 19th March, 2016. In the Speech the Finance Minister has made the following proposals while presenting the Budget. Contents of Key proposals Value Added Tax – RATE CHANGE Increase of rate of tax from existing 5% to 5.5% Reduction in Tax on LED […]...

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Posted Under: Income Tax |

Holi & Maharashtra Budget: Cheerful Farmers & Stressful Taxpayers?

Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black....

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Posted Under: Income Tax | ,

Revised MVAT & CST Returns & C form application from April 2016

Maharashtra Sales Tax Department is making substantial changes in its automation processes relating to taxpayer interface, w.e.f F.Y 2016-17. This is expected to result into significantly more efficiency in the working of the Department, less errors due to minimum human intervention and maximum benefits in relation to time management....

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Posted Under: Income Tax | ,

Maharashtra State Budget Highlights 2016

1. Concept of fair market price is being introduced. It is proposed to give powers to assess a dealer on the basis of fair market price if goods are sold below market price with intention to evade tax. 2. Registration of dealer shall be cancelled if false documents are submitted for obtaining registration...

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Posted Under: Income Tax | ,

Maharashtra Budget: Changes in VAT, PT, Entry Tax, Amnesty Scheme

Maharashtra Government has presented its Budget for 2016-17 on 18th March 2016. We are presenting proposed Changes in Computerization in Sales Tax Department, Amendments to the Value Added Tax Act, Entry Tax, Profession Tax, Sugarcane Purchase Tax, Motor Vehicle Tax, Lottery Tax, Composition Scheme,Changes to set off rules and Amnesty S...

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Posted Under: Income Tax | ,

Highlights of Maharashtra State Budget Dated 18.03.2016

Part I: Profession Tax 1. In case of late registration for Profession Tax penalty will be restricted to 3 years instead of earlier 8 years. 2. Exemption to armed personnel of CRPF & BSF. 3. No late filing fee for Government aided educational institutions. Part II: Amnesty Scheme under VAT for disputed dues: 1. For […]...

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Posted Under: Income Tax | ,

Issues Relating To Declaration Forms Under CST Act

Where goods are delivered to a carrier or other bailee for transmission, the movement of the goods shall, for the purposes of clause (b), be deemed to commence at the time of such delivery and terminate at the time when delivery is taken from such carrier or bailee....

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Posted Under: Income Tax |

Issues relating to input tax credit under MVAT Act

SECTION 48 ¢ General Conditions for claim and grant of set-off: — Purchase to be effected from Registered Dealer. — Purchase should be after appointed day. — On Tax Invoice (as per Sec 86) — Tax invoice should contain the declaration as prescribed under Rule 77. — Signed by selling dealer or his auth...

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Posted Under: Income Tax |

Taxation of Builder and Developer in Rajasthan- Part -1

The article is an attempt to provide a detailed overview on the subject but there is a requirement to amend the law to provide clarification about certain key issues and unless otherwise provided in the law, it would only result in litigations and demands being created against the assessee. The law should be clear and unambiguous about th...

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Posted Under: Income Tax |

Now wait for Only 45 days for VAT Refund?

Arjuna, MVAT Act comes under the purview of the Maharashtra State Government. The dealers have been irritated due to the complicated and time consuming provisions of MVAT Laws for refund. There is also too much delay in receiving VAT Refund. Because of which Taxpayers have many a times requested the Department for quicker Grants of Refun...

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Posted Under: Income Tax |

A Brief Introduction about MVAT

Vat is a one of the indirect tax in our India. It is simple and transparent system with limited scope of department control due to the self assessment made by dealers and less scope for tax evasion due to strict penal provision. As Per entry 54 in list II (State List) of schedule VII to constitution of India, state are empowered to levied...

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Posted Under: Income Tax |

VAT on works contracts in Maharashtra

So far as works contracts are concerned, it is always a matter involving a lot of complications and controversies. It’s always been a matter of headache not only for businessmen but also for practitioners. Let’s try to understand and summarize matters relating to works contract so far as they relate to provisions of Maharashtra Value ...

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Posted Under: Income Tax | ,

Taxability of Licence to use Trademarks / Franchise

It is well settled that Goods that are subject matter of tax under Entry 54 of the State List can be Tangible goods or even Intangible goods like Trademarks, Patents, Copyrights, Software (Canned /Off-the-shelf software), Technical Knowhow, etc. VAT is payable on their sale or even if there is a transfer of right to use goods falling in A...

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Posted Under: Income Tax |

Online grant of Registration under MVAT, CST and PT Act with Scanned Document

The new system of Registration envisages grant of registration based upon online verification of application and documents uploaded by the applicant. This exercise is aimed at reducing the hardship of the applicants in visiting the Sales Tax Office for registration and make the process simpler and transparent....

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Posted Under: Income Tax |

'Raksha' to Seller and 'Bandhan' to Buyer under MVAT

Krishna, the festival of Raksha Bandhan is coming soon. On this occasion Maharashtra Sales Tax Department has issued a Trade Circular for businessman for collecting taxes. Arjuna, Raksha Bandhan means expressing love, strengthening relations between brothers and sisters. Elder should save the younger. But Sales Tax department has done opp...

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Posted Under: Income Tax |

Now MVAT on non-exclusive and conditional transfer of intangible goods to multiple users?

Recently, on 13th July, 2015, Maharashtra Government has come out with a Trade Circular No. 11T of 2015, clarifying that recent decision of Bombay High Court is comprehensive and it is now well-settled that VAT can be levied on transfer of right to use goods of intangible nature even if it is transferred to multiple users....

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Posted Under: Income Tax |

MVAT and CST Registration within a day

Circular 7T of 2015 have already simplified registration process under MVAT and CST Laws by making the entire registration procedure online. According to the Circular, application for Registration is to be filed online along with scanned documents and photographs. After filling the form online Registration Certificate shall be granted. ...

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Posted Under: Income Tax |

Returns & Periodicity Of Returns Under MVAT Act,2002

Section 20 of Maharashtra Value Added Tax Act directs every dealer to file complete and self consistent returns. Rules 17 & 18 deal with forms and periodicity of return, summary of which is as follows:-...

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Posted Under: Income Tax |

VAT liability of builders & developers for the period 01.04.2014 to 13.07.2014 in Rajasthan

In my opinion, in the present scenario collection of taxes from builders and developers in the State of Rajasthan for the period between 1st April 2014 to 13th July 2014 would not be valid proposition as analyzed on the basis of principles laid down by Hon’ble Apex Court and Punjab and Haryana High Court....

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Posted Under: Income Tax |

‘Sale in Transit’ an Apparatus of Harassment

‘Sale in transit’ (subsequent sale) under Section 6(2) of Central Sales Tax (CST) Act 1956 has become ‘an apparatus of harassment’ for the suppliers of the goods (manufactures or dealers). The State Revenue Assessing Officers are enjoying this tool by imposing taxes and penalties by treating it as ‘pre-determined’ sale under S...

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Posted Under: Income Tax |

Focus Areas in Vat Assessment

Let us understand the words VAT assessment on individual basis. When I say assessment it means to check something of it's correctness or verification by other person. Similarly VAT as stands for value added tax can be understood as tax on value addition. So can we say that VAT assessment is nothing but verification of tax paid on the valu...

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Posted Under: Income Tax |

Tabular Presentation of Assessment Procedures u/s 23 of MVAT Act, 2002

Section 23 of the Maharashtra Value Added Tax Act,2002 deals with Assessment under the Act of Dealers in Maharashtra whether Registered or not. Article deals with various types of Assessment Procedures and remedy available to dealer....

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Posted Under: Income Tax |

Download All India VAT Ready Reckoner

Please find attached All India VAT Ready Reckoner. It contains the 30 states (including union territory). I believe you will find the same very useful. It may be noted that VAT Act and Rules keeps changing from time to time through notification, circulars, finance act of the state etc. Though utmost care has been taken to reflect most upd...

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New Online Registration system for MVAT and CST without attending officers

With reference to my previous article on revised registration procedure as per circular 4T of 2015, where common form for registration of MVATCSTPTRCPTEC. Now Department has come up with new Trade circular 5T of 2015 dated 07/05/15 where, you will surprise to here that ; registration can be obtained for all above mentioned numbers without...

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Posted Under: Income Tax |

Revised Procedure for MVATCSTPTRCPTEC Registration in Maharashtra

Initially separate applications were required to be made with the Registering Authorities for registration under MVAT, CST and PT Acts. The application were received by different Registering Authority and processed in silos for granting registration under different Acts....

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Posted Under: Income Tax |

Whether collection of cheques during Inspection by Enforcement Authorities (CT) is legal?

In Commercial Taxes Department, the Assessment Wing and Enforcement Wing function under the control of the Commissioner of Commercial Taxes. According to the administrative policy of the Tamilnadu State Government, Commercial Taxes Check posts are static locations where inter-State movement of vehicles are monitored...

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Posted Under: Income Tax |

What’s new in MVAT

Arjuna, ss per the various conditions and financial situations in the state, the Maharashtra Government makes changes in VAT Law time to time. Changes are implemented through Notification, Circulars, etc after the Finance bill is passed and accordingly taxpayer has to follow laws....

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Posted Under: Income Tax |

Maharashtra Budget, 2015- Key Indirect tax Amendments

1. Local Body Tax- Local Body tax is proposed to be abolished from 1st August, 2015 and the loss of revenue due to the abolishment shall be compensated by enhancing the rate of Value Added Tax. 2. Entry Tax- Entry Tax at 5% is proposed to be levied on import of Long Steel....

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Posted Under: Income Tax |

Maharashtra Budget- Major Tax Highlights- LBT Scrapped wef 01.08.2015

Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. Women drawing salary upto to Rs. 10000 per month exempted from Profession Tax . Tax rate on ladies Hand Bags and Purses reduced from 12.5 per cent to 5 per cent. Work Book, Graph Book, Drawing Book and Laboratory Book for student's tax ...

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Posted Under: Income Tax | ,

Maharashtra Budget 2015- Salient Features

SAILENT FEATURERS OF THE BUDGET SPEECH OF HON. FINANCE MINISTER SHRI SUDHIR MUNGANTIWAR ON WEDNESDAY, 18TH MARCH 2015 Part 1 Main Thrust Areas : Emphasis on dry land farming, accelerated development of infrastructure, removal of disparity, development of urban areas and generation of employment opportunities for youth. Stringent measures ...

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Posted Under: Income Tax |

Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed

Mumbai High Court on 3rd March, 2015 has ordered to assess and grant MVAT refund on the basis of Returns, what is it? In Maharashtra the Taxpayer has to pay Tax on the difference between Sales and Purchases value. In this if there is less VAT payable on sales and more VAT setoff on Purchases then the refund arises....

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Posted Under: Income Tax |

Guide to Grant of Refund under MVAT Act

After introduction of VAT, a large quantum of refund application have been filled. The Department under going transition due to which business process have undergone many changes. As result, a number of circular were issued from time to time to lay down the procedure for the granting of refund. As a further step towards E-Governance, the ...

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Posted Under: Income Tax |

MVAT Dealers, Have you checked New 'Dealer Information System'?

Generally department issues notices of Mismatch for differences between sales and purchases after VAT Audit. Now from April 2014 onwards, filing of Annexure J1 and J2 along with return has been started. Therefore Mismatch Report is available online to the Dealers after filing return. ...

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Posted Under: Income Tax |

Evolution of Works Contract Tax (WCT)

This article is basically written to give you understanding of evolution of works contract tax in India and its entire journey from beginning till date. Before I take you into the mid of ocean we have to first understand that why the need arises of introduction of works contact tax and its respective calculation methods. ...

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Posted Under: Income Tax |

Whether Official Liquidator can be called as Dealer & assessed to Sales tax?

Since the conduct of an auctioned sale involved transfer of goods, it falls within the wide ambit of section 2(viii)(f) of the Kerala General Sales Tax Act, 1963. Therefore, it can be concluded that the liability to pay sales tax, in the present case, would be on the Official Liquidator in the same manner as the dealer, that is, the Compa...

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Posted Under: Income Tax |

Kite Fight of VAT Dealer and Department

Krishna, this Year Makar Sankranti is on 15th January and also the last date of submission of Maharashtra VAT Audit Report. There is Happiness everywhere because of Makar Sankrati. Many are busy in flying kites and buying gift (Vaan). Accordingly, how interesting Kite fight between department and VAT dealer?...

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Posted Under: Income Tax | ,

Suggestions for changes in MVAT Act 2002

(A) Inordinate delays in granting of Refunds - Huge amount of refunds which are payable to the dealers at large are lying with the Department due to lack of support from Mahavat system. From FY 2008-09 onwards, Form 704s have been filed electronically and data for dealer wise sales is available in the database of the Department. ...

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Posted Under: Income Tax |

Maharashtra TIN validation Utility in excel (Structural Validation)

This excel utility is only for Maharashtra VAT TIN Holders. Enter a list of TINS in A column. Copy paste the formula in column B till the cell you have entered the TIN. It will show True or False. True signifies it is structurally valid and false signifies it is structurally invalid. For more details […]...

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Sub-contract of Work awarded – No VAT liability on Main contractor

It is very common in works contracts for the main contractor who got the work awarded in his name to off-load the work to sub-contractor(s). The sub-contractor procures the materials, installs the materials as per the contractual terms & conditions and transfer of property in the materials take place between the sub-contractor and contrac...

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Posted Under: Income Tax |

Revision of assessment order solely at the behest of A. G. Audit objections not sustainable

In a recent decision dated 08.10.2014, rendered in the case of M/s. Mahavir Traders v/s the State of Gujarat, the Gujarat Value Added Tax Tribunal has held that revision of assessment order solely at the behest of A. G. Audit objections is not sustainable. While striking down the revision order, the Tribunal held as under :...

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Posted Under: Income Tax |

Dealer cannot be denied benefit due to cancellation of R.C. of other dealer, unless published in official gazette

Punjab & Haryana High Court in an older case namely Arjan Radio House vs Assessing Authority had held that a person’s registration certificate shall be deemed to have been cancelled w.e.f date of publication of the factum of cancellation in the official Gazette as a busy seller cannot be supposed to know whether the registratio...

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Posted Under: Income Tax |

Registration under MVAT Act, 2002

INTRODUCTION OF MVAT ACT, 2002 ¨The Maharashtra Value Added Tax 2002 (Herein after called as MVAT Act) has replaced the Bombay Sales Tax Act, 1959 on & w. e. f. 1st April 2005 and now the sales tax is collected by the Maharashtra Government under MVAT Act, 2002. Up to 31st March 2005 the sales […]...

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Posted Under: Income Tax |

Practical Approach to Interpretation of Schedule Entries Under MVAT Act

Agenda Provisions related to Schedule, Notifications and DDQ . General contents of Schedules and Important Notifications. Theories of interpretation of Schedule Entries. How to read and interpret Schedule Entry. Provisions regarding Schedule Entry / Notifications...

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Posted Under: Income Tax |

Why is Maharashtra States Businessmen’s mood OFF? It’s due to issues of MVAT SETOFF.

Businessmen of Maharashtra State are facing a question, whether they should purchase goods from Maharashtra or not? It seems that due to provisions of MVAT Setoff carrying out business in Maharashtra has become difficult....

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Posted Under: Income Tax |

Lease Rent Not Liable to Service Tax if Vat Is Charged

A. PERCEPTIVE OF TERMING IT AS SALE Article 366(29A)(c) of Constitution: Such delivery of goods on hire purchase or any system of payment on installment shall be deemed as “Sale of Goods” 2. Power to levy tax on sales is vested to State Governments under Entry 54 of List II and thus VAT has been […]...

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Posted Under: Income Tax |

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