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As per Trade Circular 13T of 2010 No. dated 31st March 2010 Last date for filing the Audit Report in form 704 for F.Y. 2008-09 was 30th April 2010.Dealers are required to submit “the statement of submission of audit report in form e-704” along with required document on or before 10th May 2010.
(1) Where a claimant dealer has filed an application for refund under sub-section (1) of section 51, in FORM 501 and if it is noticed by the Commissioner that, — (a) the tax has not been paid onfthe earlier sales in respect of the transactions on which the dealer has claimed set-off or, as the case may be, refund, or (b) the claimant dealer has not received the declarations or certificates in support of the sales or the dispatches otherwise than by way of sales as covered under the Central Sales Tax Act, 1956,
It has been represented before us by various organizations of the refund claiming dealers that there are huge amounts of refunds generated every year and the same dealers who claim refunds in one year have to pay dues the very next year. Sometimes it is difficult for the dealers to pay dues into the government treasury when they themselves are eligible for refund. So, they have requested to either grant the refund at the earliest or allow the dealers to carry forward the refund to the next financial year.
In exercise of the powers conferred by sub-entry (8) of entry 107 of SCHEDULE C appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby, with effect from the 1st May 2010, amends the Government Notification, Finance Department, No .VAT 1505/C.R.233/ Taxation-1, dated the 23rd November 2005, as follows, namely :—
The income tax department has sought the Supreme Court’s direction to decide if Reliance Industries Ltd should pay tax on sales tax incentives given to them by the governments of Maharashtra and Gujarat. A bench headed by Justice S H Kapadia has sought reply from the company headed by Mukesh Ambani. The tax of Rs 368 crore is for the company’s two units at Hazira and Patalganga for the assessment year 1998-99.
No. VAT. 1510/CR. 47A/Taxation- l.—In exercise of the powers conferred by sub-entry (a) of-entry 101 of Schedule C appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby, with effect from the 1st April 2010, specifies the following goods, more particularly described in the SCHEDULE appended hereto, to be fabrics, for the purposes of the said sub-entry, namely
While presenting the budget for the year 2010-11, Hon. Finance Minister announced that the exemption granted to some essential commodities up to 31-3-2010 would be extended till 31-3-2011 or till the date of implementation of Goods and Services Tax, whichever is earlier. In pursuance of the announcement made by Hon. FM, the Govt. has issued a notification referred as above on 30-3-2010.
The Finance Department, Government of Maharashtra has examined and considered the request for extension of due date for submission of Audit Report. Accordingly, it has been decided to extend the due date for submission of the Audit Report in Form 704 for the period 2008-09 from 31st March 2010 to 30th April 2010.
In entry 9A, in column (2), for the figures, letters and word ” 31st March 2010 ” the figures, letters and words “31st March 2011 or the date on which the Goods and Services Tax Act comes into force, whichever is earlier ” shall be substituted.(2) in entry 51, in column (2), for the figures, letters and word ” 31st March 2010 ” the figures, letters and words “31st March 2011 or the date on which the Goods and Services Tax Act comes into force, whichever is earlier” shall be substituted.
In exercise of the powers conferred by clause (b) of entry 81 of SCHEDULE C appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effect from the 1st April 2010, the Government Notification, Finance Department, No.VAT.1505/ CR-118/Taxation- 1, dated the 1st June 2005, as follows,
