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...
In view of the above, it is decided on the administrative grounds to allow carry forward of the refund claim upto rupees one lakh for the return period ending March-2012 to the first return of the next financial year i.e. 2012-13. In case, any dealer, who has already filed the claim of refund, for the period/ periods of 2011-12 in Form-501 and desires to withdraw such claim so as to carry forward his refund then such dealer shall file a revised return showing carry forward of such refund. It would be necessary for him to make an application to the concerned authority for withdrawal of refund application in Form 501 In other words, the concession to carry forward the refund as stated above will be considered only if the application for refund is withdrawn.
The Payment date for Quarter or month ending March 2012, is 21st April, 2012 and for Six-month ending March 2012 is 30th April, 2012. The Return due date for the dealers who are liable to file VAT Audit and the non-audit dealers who have opted for composition (other than works contractors and mandap decorators) covered by Section 42(1), 42(2) and 42(3A), meaning the dealers who are NOT liable to file e-Annexure newly prescribed –
The Rules for the interpretation of the provisions of the Central Excise Tariff Act 1985 road with the Explanatory Notes as updated from time to time published by the Customs Co- operation Council Brussels shall apply for the interpretation of this notification.
In pursuance of the powers conferred by clause (b) of rule 45A of the Maharashtra Value Added Tax Rules, 2005, the Government of Maharashtra, hereby specify that, with effect from the 1st May 2012, the refund, if any, due under the Maharashtra Value Added Tax Act, 2002, to the registered dealer or Diplomatic Authority or International Body or Organisation, having hank account in Electronic Clearing Services enabled bank and who submits his mandate in Annexure A of this Notification to the Commissioner of Sales Tax, shall be credited to his bank account by way of the Electronic Clearing Services of the Reserve Bank of India.
Composition dealers in Maharashtra (excluding works contract composition dealers covered by 5% or 8% Scheme) who are not liable to submit Audit Report in form No. 704 SHALL NOT be required to submit ANNEXURES. No Change in Due Date For Submission of Return or Payment. Due Date Shall Be 30th April.
THE Bombay High Court appears to have served a body blow to realtors in Maharasthra. The HC today dismissed their petition that challenged the applicability of Value Added Tax (VAT) on sale of flats. The builders argued that VAT is not payable on immovable property.
The Maharashtra Sales tax Department has made available the E-Annexures to be submitted by non-VAT Audit Dealers before submitting the last return for the Financial Year 2011-12 as per their circular No.3T of 2012.
LA Bill No.XVII of 2012 regarding the proposed amendments in Tax Laws according to Maharashtra Budget 2012 -Download Maharashtra LA Bill No.XVII of 2012
1. The exemption to wheat, rice, pulses and their flours, turmeric, chillies, tamrind, gur, coconut, cumin seeds, coriander seeds, fenugreek and parsely (Suva), papad, wet dates, solapuri chadders and towels which was to expire on 31.03.2012 will be continued till 31.03.2013. 2. The exemption of fabrics except furnishing cloth mentioned in Schedule ‘A’ (list of tax-free goods) to continue. However, furnishing cloth will be taxed @5% on last point.
With effect from 1st April 2012, amends the Notification No. JC(HQ)1/ VAT/2005/97, dated 29th August 2005, as follows, namely :— In the Schedule appended to the said notification at Serial No. 1, in column (3), for the words four percent the words five percent shall be substituted.
