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 : The Bombay High Court held that the Appellate Authority could not reduce transitional credit by relying on MVAT mismatch figures o...
Goods and Services Tax : The Bombay High Court set aside a settlement order where the department adjusted a refund of one tax period against dues of anothe...
Goods and Services Tax : The Court held that once arrears for later years were settled under the Settlement Act, no outstanding demand survived. Adjusting ...
Income Tax : The Court held that amounts paid under protest before assessment must be considered when calculating the 10% pre-deposit required ...
Goods and Services Tax : Bombay High Court sets aside tax order against Viacom 18, ruling that tax officers must follow earlier appellate decisions on taxi...
Goods and Services Tax : The State Tax Department allowed taxpayers to pay profession tax using PAN after system migration caused portal access issues. Reg...
Goods and Services Tax : The amendment extends the deadline for settling tax arrears from 31 December 2025 to 31 March 2026, giving taxpayers additional ti...
Corporate Law : Maharashtra amends MVAT Act with retrospective effect from 2005, clarifying tax exemptions, deemed sales, and first charge provisi...
Goods and Services Tax : Maharashtra Sales Tax Tribunal (MSTT) launches a website for case updates, hearings, and judgments, replacing physical cause lists...
Goods and Services Tax : Explore the 2024 amendments to the Maharashtra Value Added Tax Act, introducing definitions, retrospective provisions, and recover...
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.
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.
The High Court distinguished the remarks of the Supreme Court in the case of BSNL. The observation of one of the three judges bench of the Supreme Court in the case of BSNL was that in order to attract levy under transfer of right to use goods, the transfer has to be to the exclusion of the transferer and once the right to use the goods is transferred the owner again cannot transfer the right to others.
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:-
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.
Sales Tax Department of Government of Maharashtra has made available the facility to accept the payments under the Profession Tax, Luxury Tax and Sugarcane Purchase Tax Acts through GRAS vide Trade Circular referred as 1 above. Now the facility to accept payments under The Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002 through the GRAS Portal has been made available from 01/07/2015.
‘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 Section 3(a) instead of 3(b) of Central Sale Tax Act, 1956; even the suppliers (manufactures or dealers) produce relevant documents and declarations, prescribed in this Act for such transactions.
It has recently come to notice through representations and letters that Authorities refuse to accept correspondence and applications addressed to their office, result being that such letters and correspondence then are readdressed to the office of the Commissioner of Sales Tax. It should be noted that the practice of not accepting or refusing to accept correspondence (Tapal) as well as applications, especially applications for cancellation of Assessment Orders under section 23(11) of the MVAT Act, 2002, is a practice which is wrong and unacceptable, to say the least.
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 value addition.
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.
