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 exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends, Schedules C and D appended to the said Act, with effect from 00.00 hours of the 8 th July 2011, as follows, namely:—
In a bid to minimise the impact of recent fuel price hike on consumers, the Maharashtra government today reduced Value Added Tax (Vat) on diesel and kerosene by two per cent. Chief minister Mr Prithviraj Chavan told reporters here after the Cabinet meeting that the new rates of Vat on diesel in Mumbai, Thane and Navi Mumbai would come down to 24 per cent from the existing 26 per cent. While in rest of the state, the Vat rate will decrease from 23 to 21 per cent.
Trade Circular No. 10T of 2011 The amendments carried out in respect of taxation of liquor have been explained in details in the Trade Circular No. 8T of 2011 referred here in above at Sr. No.(3). The procedure to fill up the information about turnover of liquor sales while uploading the Returns is explained in this circular. No new form of Return has been introduced for liquor dealers. The dealers dealing in liquor shall continue to file returns in the same form (form 231 to 235) in which they were filing returns before the amendments.
In exercise of the powers conferred by sub-section (1) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department, No.VAT-1509/CR-89/Taxation-1, dated the 5th November 2009, as follows, namely : —
While the intentions of the State Government are clear as to non levy of VAT on Fabric, but due to some misdrafting of the rules and notifications, the general public is put under severe confusion as to whether a specific levy is applicable to it or not. In the case of Fabric, the same is the situation. After all amendments, the position of law that remains on the statute book. This situation has first arrived when Entry-45 of Schedule A which contains Fabric was amended in such a way that declared goods were removed from Schedule A and shifted to Schedule “C” by bifurcating the existing entry 101 into two parts
Ever Since the rate of excise duty on fabric under Additional Duties of Excise (Goods of Special Importance)(AED-GSI) Act, 1957 was lowered to NIL % w.e.f._01-03-2006 it was widely perceived by the Textile Industry (Fabric) that the levy of state VAT on fabric is now just a matter of time, particularly when this AED levy on fabric was in lieu of state sales tax (VAT). However, the State Government just could not levy VAT on Fabric because though the rate of AED-GSI was lowered to NIL%, the items of fabric continue to remain listed in the Schedule to the AED-GSI ACT. What is the importance of this listing in Schedule to the AED-GSI Act 1957 ?.
To give effect to the Budget proposals, a Bill (Legislative Assembly Bill No. XVII of 2011) to amend the Maharashtra Value Added Tax Act, 2002 was introduced in the Legislature. The said Bill has been passed by both the houses of the Legislature. The Act is now published in the Maharashtra Government Gazette dated 21st April 2011.
Mumbai, Dt. 04.05.2011 A Scheme for taxation of liquor was announced in the budget for 2011-12 by the Hon’ble Dy. Chief Minister. To give effect to this, amendments are made to the Maharashtra Value Added Tax Act, 2002 and Rules, 2005. The Scheme and the amendments are as follows:
Schedule I provides for exemption in respect of sales of aforesaid goods where such goods are purchased on or after the 1st May 2011. Schedule II provides for exemption in respect of sales of aforesaid goods which were purchased on or before the 30th April 2011.
The liquor covered by entry 1 2 and 3 of Schedule I) of the Maharashtra Value Added Tax Act 2002 are purchased from the registered dealers within State and tax is paid or has become payable on purchase of liquor at earlier stage.
