Corporate Law : Learn about significance of MVAT Audit Form 704, its important clauses, and deadline for submission. Ensure tax compliance and tra...
Goods and Services Tax : Unlock benefits of Maharashtras Arrears Settlement Scheme 2023 for tax dues under MVAT, CST, and other acts pre-dating 30-06-2017....
Goods and Services Tax : Unlock insights into the payment of lump sum amounts under the Maharashtra Settlement of Arrears of Tax, Interest, and Penalty Act...
Goods and Services Tax : In this article conditions for filing of appeal for the period prior and after 15-04-2017 have been discussed with specific re...
Goods and Services Tax : Settle your tax dues under the Maharashtra Settlement of Arrears of Tax Act 2022. Learn about the provisions and salient features ...
Goods and Services Tax : HIGHLIGHTS OF THE MAHARASHTRA STATE BUDGET SPEECH DATED 9TH MARCH, 2023 BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE) SHRI DEVENDR...
Goods and Services Tax : The erstwhile MVA Government had announced the Amnesty Scheme for waiver of tax, interest and penalty payable under the MVAT and a...
Goods and Services Tax : Sales Tax Amnesty Scheme 2022 announced by the GST Department of the Government of Maharashtra has received an overwhelming respon...
Goods and Services Tax : office of the Jt. Commissioner of State Tax. (HQ-1) F-Wing, 7th floor, New bldg, GST Bhavan, Mazgaon, Mumbai-400010. Tel No. 022 2...
Goods and Services Tax : AIMTPA has written a letter to Commissioner of State Tax and brought to his attention issues being faced during assessments under ...
Goods and Services Tax : It is Petitioner’s case that a show cause notice dated 7th December 2023 without any details was issued calling upon Petitioner ...
Goods and Services Tax : Bombay HC waives sales tax arrears below 2 lakhs per the Maharashtra Settlement Act, 2023, clarifying future references exceeding ...
Corporate Law : Bombay High Court held that security creditor who has registered its claim against secure assets with the Central Registry of Secu...
Goods and Services Tax : Karvy Innotech Limited Vs State of Maharashtra: Bombay HC Quashes MVAT Order passed after expiry of four years from the end of t...
Goods and Services Tax : Bombay High Court overturns MVAT on vehicle registration, handling, and insurance charges in Chavan Motors Division India Pvt. Ltd...
Corporate Law : Maharashtra amends Shops & Establishments Rules 2018, requiring insurance certificates in various forms to enhance compliance and ...
Finance : Explore the latest amendments to the Maharashtra VAT Act 2002, effective June 29, 2024. Detailed analysis of changes in Schedule B...
Goods and Services Tax : Explore the constitution & members of the Advance Ruling Authority under Maharashtra VAT Act 2002. Detailed analysis on its implic...
Goods and Services Tax : Discover the latest Maharashtra VAT Act amendment providing relief for late filers. Learn about the changes, due dates, and late f...
Goods and Services Tax : Learn about the latest notification from the Maharashtra Finance Department granting late fee waivers for Profession Tax Payers. U...
Set-off in respect of goods manufactured by certain dealers covered under the various packages scheme of incentive- If the claimant dealer has purchased goods (other than the declared goods) which are originally manufactured by,– (i) the Mega Unit or, as the case may be, the Ultra Mega Unit, holding valid Identification Certificate under the Act, or
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.
Subsequently, further queries have been received from the Trade and Associations about various provisions of the Settlement Act. Same are examined and considered. So as to mitigate the issues raised, a third set of FAQs are added to the existing FAQ’s. A Trade Circular is being issued and all the earlier FAQ’s are clubbed together.
8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR To, No. VAT/MMB-2015/47/2016-17/ADM-8 dated 30th June 2016. Trade Cir. No. 19T of 2016 Subject: FAQ’s on Settlement of Arrears in Disputes Act, 2016. Ref. (1) The Maharashtra Settlement of Arrears in Disputes Act, 2016. (Act No. XVI of 2016) (2) Trade Circular No. 10T of 2016 dated […]
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.
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 and pay Profession Tax as prescribed in the law.
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, […]
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 PTRC certificate […]
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 […]
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.
