FINANCE DEPARTMENT Madam CamaMarg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 21th August 2014 . NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT. 2002. No. VAT 1514/CR-58/Taxation-1.- In exercise of the powers conferred by section 42 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the … Read more
Joint commissioner of sales tax has issued a trade circular regarding the computerized desk audit for the period 2011-12. The circulars itself explains the complete procedure of CDA including selection criteria and compliance. The text of the circular is given below. Background: The VAT system envisages voluntary tax compliance by the tax payers. In order … Read more
1. Computerized Desk Audit (CDA) is an utility developed by department to analyse the electronic information uploaded by dealers through various e-services. The analysis is resulting in identification of various issues in which additional taxes are found to be payable by dealers. A list of such dealers covered under CDA is made available on Mahavat … Read more
Description A late fee of rupees 5000 for delayed returns was introduced with effect from 1st August 2012, under the Maharashtra Value Added Tax Act, 2002 by virtue of sub-section (6) inserted in sections 20. 2 The State Government issued a notification under the proviso to section 20(6) on 1 st January 2014,providing for exemption … Read more
Amendments in Maharashtra Value Added Tax 2002 in additional budget 2014-2015 Maharashtra Tax Laws Act (Levy short title and amendment and validation) Act 2014 is published in the official gazettes as on 26th June 2014. The following are important amendments in Maharashtra Value Added Tax 2002 1. Every dealer is required to get register compulsory … Read more
FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 9th July 2014. NOTIFICATION THE MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT 1514/CR 44/ Taxation l.- “In exercise of the powers conferred by, proviso sub-sections (6) of section 20 of the Maharashtra Value Added Tax Act,2002 (Mah IX of 2005), … Read more
The Deputy Chief Minister and Finance Minister of Maharashtra state, Ajit Pawar has presented additional budget as on 5th June 2014. Following are the highlights of the additional budget on tax front. Highlights on tax proposal MVAT Turnover limit for registration under MVAT is increased to 10 lakh from 5 lakh. The dealers whose turnover is less than 10 lakh in … Read more
BACKGROUND: In view the judgment of the Supreme Court in case of M/s. Larsen & Toubro Limited & Anr, (65 VST 1), it was necessary to frame rules under MVAT Act to provide for i) the levy of tax on goods which are used in works contract, from the stage when agreement is entered with … Read more
All the dealers were submitting purchase and sales details in the Annexure annually up to 31st March 2014. From April 2014 onwards dealers are required to submit the annexure along the return. Sales tax department has taken this step in order to ensure speedy cross verification of input tax credit and faster processing of refund. … Read more