LAST DATE TO E-FILE MVAT AUDIT REPORT Form 704 IS EXTENDED UPTO 15 FEBRUARY 2011
Kind Attention to all MVAT Dealers.Maharashtra Sales Tax Department has finally issued Circular No. 03T of 2011 dated on 31.01.2011, extending the due date for Maharashtra VAT Audit upto 15th February 2011. The date has further extended upto 15th February 2011.
The MVAT Audit Report is to submitted electronically in Form No.704. The dealer has to submit the MVAT Audit Report manually along with the required documents on or before 25th February 2011.
The Department proposes to take stern action against those who fail to submit correct and complete Audit Report and requisite documents within the aforesaid time period.
In order to avoid initiation of penalty proceeding, it is mandatory for dealer to upload the MVAT Audit Report on or before 15th February 2011.
It is mandatory to file e-return for all the vat dealers. Last date to upload your return is on or before 21st Feruary 2010. No physical returns will be accepted in the bank as well as in Sales Tax Office. Submission of e-return acknowledgement is not required in Sales Tax Office. From 1st April 2011 onwards VAT dealers who have to file returns 6monthly have to made their VAT liability payments through net banking i.e e-payments
Failure to pay your tax and file return will attract a penalty of Rs.5000/- along with other penal action.
LAST DATE FOR VAT RETURN HAS BEEN EXTENDED
Kind attention to all VAT dealers in Maharashtra! Pay your tax in the bank on or before 21st October 2009 for the period ending September 2009.
It is mandatory to file e-return for all the vat dealers. Last date to upload your return is on or before 09th November 2009. Previously it was 31ST October 2009. No physical returns will be accepted in the bank as well as in Sales Tax Office. Submission of e-return acknowledgement is not required in Sales Tax Office.
Failure to pay your tax and file return will attract a penalty of Rs.5000/- along with other penal action.
To compute your VAT liability & to file your VAT returns visit us:
Harshal V. Kulkarni
Certified Financial Consultant,
Add: IInd Floor, Plot No. 259, Bajaj Nagar,
West High Court Road, Nagpur (West),
PIN 440010, Maharashtra, India.
Or
Call us: +91-712-6625979
LAST DATE OF FILLING MVAT AUDIT REPORT IS ON 2ND MARCH 2009
The dealers having gross purchases or sales more than Rs.40.00 Lakhs during the F.Y 2007-08 should get their books of Account audited by Chartered Accountant or Cost Accountant and will have to submit VAT Audit Report to Sales Tax Department by 02/03/2009 earlier it was 31/01/2009.
The dealers holding license under Foreign Country Liquor Regulations should also get their accounts audited and should submit VAT Audit Report to Sales Tax Department by 02/03/2009 irrespective of their gross purchase & sales exceeds Rs.40.00Lakhs.