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.