UPLOADED NEW 5 DIGIT ACTIVITY CODES FOR VAT AUDIT PURPOSE.

MVAT AUDIT 2009-10-ACTIVITY CODES


AS WE FOUND THAT MANY OF OUR CA FRIENDS AND STP'S ARE NOT HAVING THE NEWLY REQUIRED ACTIVITY CODE 5 DIGIT FILES.
HERE BY WE ARE UPLOADING IT FOR OUR COMMUNITY.


CLICK HERE TO DOWNLOAD (2 LINKS)-- DOWNLOADING TAKES TIME (FILE SIZE 1.31 MB)


http://dhavaldesaisays.files.wordpress.com/2010/12/activitycode1-2-1.pdf


OR


https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bz0INWeiJAEQNDFiOTQyODItNmQ2MS00ZDgxLWJjNzctYWRlNzRkYTZjMDM3&hl=en

"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010."

"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010."

Click here to download the file:
http://docs.google.com/fileview?id=0Bz0INWeiJAEQY2VkNmVkOGMtMjgxOS00NjcwLWE5MjktZWQ1ODlkMzZjODU4&hl=en



1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia
2.Posted www.taxpertindia.blogspot.com
3.Get Tax updates from my blog through by joining my google group
CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en
5.Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

New VAT Audit Form as on 25.11.2009

Just click here to download the new vat audit form
 http://www.mediafire.com/file/m2nzgxgtzrf/FORM-704 25112009.xls


1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia
2.Posted www.taxpertindia.blogspot.com
3.Get Tax updates from my blog through by joining my google group
CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en
5.Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

Important aspects of new MVAT audit form 704(PART 2)-With Material

I owe this information to Western indian regional council (WIRC of ICAI) 

Friends,
  On November 01, 2009 at Kohinoor Hotel, Andheri, Mumbai there was a Full day seminar on Important aspects of new MVAT audit form 704

Here by i m attaching all the useful material given at that time by the following speakers and it will guranteedly help u in performing ur audits in best part.

Speakers	Material
C. B. Thakar	Important Aspects of New VAT Audit Form -704 Download
Deepak Thakkar	Part 2 (General Information of Dealer) & Part 3 - Annexures A to K of New MVAT Audit Form 704, Download
Dhaval Talati	F – 704 : Schedules (I TO VI) & E-Filling Download
Rajat Talati	Part 1 Para 2B clauses h to p, qualifications & remarks, Tables 1 to 5 and Auditors Final Advice Download

Now we are also on twitter follow us at http://twitter.com/taxpertindia
Posted at www.taxpertindia.blogspot.com
Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

Very good Presentation on professional tax and MVAT

Dear friends,
just click here to download the ppt presentation on Prof Tax
http://www.ziddu.com/download/7360184/Proftax.pdf.html

just click here to download the ppt presentation on Sales/Vat tax
http://www.ziddu.com/download/7360260/salestax.pdf.html 

PPT Shared By Pappu Mishra


Posted www.taxmannindia.blogspot.com
Now www.taxmannindia.blogspot.com will be
http://www.taxpertindia.blogspot.com/
Sorry for the inconvenience.
Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

New Form 704(EXCEL) & activity codes(PDF format) --MVAT Audit

Just click here to download the new form 704
http://www.ziddu.com/download/7303176/FORM-704.xls.html

Just click here to download the activity code list
http://www.ziddu.com/download/7303194/ACTIVITYCODE.pdf.html 

Posted www.taxmannindia.blogspot.com
Now www.taxmannindia.blogspot.com will be
http://www.taxpertindia.blogspot.com/
Sorry for the inconvenience.
Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

Important aspects of new MVAT audit form 704.

I owe this information to Western indian regional council (WIRC of ICAI) and speaker sir CA C.B.THAKAR

Friends,
               On October 29 2009 at IMC Churchgate, Mumbai there was a seminar on Important aspects of new MVAT audit form 704 by Speaker CA C.B.Thakar.

So hereby i am giving the details what was discussed and attaching a very good sheet which was compiled and given to us at that seminar

I hope this will help you a lot

The important details discussed are as under:
1. Another template of new vat audit form will be released by 2nd nov 2009.

2. During filling the Form 1st enter the annexure part then many amts will be directly added in schedules.

3. Read the instruction carefully before filling the form 704.

4.In the Form 704 (only one part is applicable)
Part 1A -------------- For tax audit dealer (and tax audit report also to be submitted)
Part 1B--------------- For statutory audit dealer (and statutory audit report also to be submitted)
Part 1C--------------- For other cases (here also we have to submit profit & loss A/c and balancesheet but as certified by dealer)

5.There is difference in Stock statement and maintenance of stock records.

6.local H Form part to be shown in -----------Annexure H
   OMS H Form part to be shown in ----------Annexure I

7. Earlier------------Main thrust of report was certify the corectness and completeness of returns filled
 NEW Form --------Main thrust is on certification of tax liability of the dealer

8.(Part 1)Para 3------------ negative remarks
   (Part1)Para 5-------------other obervation

9.Auditor has to certify that he has read & understood the instructions and followed the same while filling the return

10.Now if the returns are revised difference cant be adjusted in last return (Circular 26T of 2006 dated 18.09.2006 not applicable for new form) Therefore mostly all returns to be revised

11.Read the attachments it has all the additional information

Hope this will help you while auditing.

-Thanks & regards  
Dhaval Desai  

Just click here to download:http://www.ziddu.com/download/7143731/vatauditsheet.zip.html  


--------------------------------------------------------------------------------------------------
 Posted at www.taxmannindia.blogspot.com
Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia
OR
Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates

VAT Notification for Efiling of Form101 for VAT Registration

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE

Vikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 26th August 2009



NOTIFICATION



Maharashtra Value Added Tax Act, 2002,



No. VAT/AMD-1009/IB/Adm-6.—In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashtra State hereby provides that on or after 1st October 2009, the dealers, who are liable to obtain the registration or desires to get voluntarily registered as per provisions of section 16, of the Maharashtra Value Added Tax Act, 2002, shall electronically upload the application form for registration in Form-101 provided on the website of the Sales Tax Department.







SANJAY BHATIA,

Commissioner of Sales Tax,

Maharashtra State, Mumbai.


posted at www.taxmannindia.blogspot.com

New Form 704 has been notified-download it

 Dear All,

New Form 704 has been notified. Find attached herewith Form 704 in pdf Format.

just click here to download there are 2 options
1. http://groups.google.co.in/group/ca_taxmannindia/web/704.zip?hl=en
2. http://rapidshare.com/files/274816452/704.zip


posted at www.taxmannindia.blogspot.com

VAT Notification for Efiling of Form No.501 for Claim of Refund w.e.f. 01.10.2009

COMMISSIONER OF SALES TAX, MAHARASHTRA STATEVikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 21st August 2009 NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT/AMD-1009/IB/Adm-6.— In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashlra State hereby provides that the registered dealers who are entitled to claim the refund as provided under section 51 of the Maharashtra Value Added Tax Act, 2002, shall on or after 1st October 2009, electronically upload the application in Form-501, provided on the Web-site of the Sales Tax Department.   SANJAY BHATIA, Commissioner of Sales Tax, Maharashtra State, Mumbai.

visit my main blog www.taxmannindia.blogspot.com

VAT Notification for Efiling of Form 801 for Business Audit w.e.f 01.10.2009

COMMISSIONER OF SALES TAX, MAHARASHTRA STATEVikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 21st August 2009 NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT/AMD-1009/IB/Adm-6.— In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashtra State hereby provides that the dealers in respect of whom the proceedings of Business Audit as per section 22 of the Maharashtra Value Added Tax Act, 2002 have commenced on or after 1st April 2009, shall on or after 1st October 2009, electronically upload the information in Form-801 provided on the Web-site of the Sales Tax Department.   SANJAY BHATIA, Commissioner of Sales Tax, Maharashtra State, Mumbai.

visit my main blog www.taxmannindia.blogspot.com

VAT Notification for Efiling of Form 704 for VAT Audit w.e.f 01.10.2009

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE

Vikrikar Bhavan, Mazgaon, Murhbai 400 010, dated the 21st August 2009



NOTIFICATION



Maharashtra Value Added Tax Act, 2002,



No. VAT/AMD-1009/IB/Adm-6.—In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashtra State hereby provides that the dealers who are liable to get the accounts audited as per the provisions of section 61 of the Maharashtra Value Added Tax Act, 2002, in respect of the periods starting on or after 1st April 2008, shall on or after 1st October 2009, electronically upload the Audit Report in Form-704, provided on the Web-site of the Sales Tax Department.







SANJAY BHATIA,

Commissioner of Sales Tax,

Maharashtra State, Mumbai.

visit my main blog www.taxmannindia.blogspot.com

new MVAT circular

dear friends

find enclosed herewith new circular of amendment of VAT.

The compulsory penalty for late filling of return will be Rs.5000 per deafult. The Officer will have not discreation but to levy the penalty there will be no need to issue the show cause notice and the penalty orders will be not appleable.

just click here:

http://d.yimg.com/kq/groups/21451086/1014642680/name/VAT%20Circular%206%20Aug%202009.pdf

MVAT return filling date extended

MVAT Date extended till 3 rd August 2009for Returns in which payment is made up to 31 st july 09OR Nil Return / RefundMaharashtra VAT Department Help desks are open on sunday 2nd August 2009

Schedule rates of VAT

just click here:schedule rates

Procedure for Online Submission of application for the Statutory Forms under the Central Sales Tax Act, 1956 and Delivery at the Place of Business of

TRADE CIRCULAR

Dated: 31.03.2009

No. VAT/U.O.R.No. 646/JC (Reg.)
Trade Circular No.12 T of 2009

Sub.: Procedure for online submission of application [Statement of Requirement ] for the statutory forms (C/F/H/EI/EII) under the Central Sales Tax Act, 1956 and delivery at the place of business of the dealer.
———— ——— ——— ——— ——— ——— ——— ——— ——— —–
Extention of date for existing mannual system for accepting applications for declarations prior to 1/04/2008.

Ref.: 1. Trade Circular No.4T of 2006 dated 09/01/06.
2. Trade Circular No.10T of 2006 dated 29/03/06.
3. Trade Circular No.17 T of 2006 dated 28/06/06.
4. Trade Circular No.1 T of 2008 dated 25/01/08.
5. Trade Circular No.15 T of 2008 dated 19/04/08.
6. Trade Circular No.2 T of 2008 dated 23/01/09.

Dear Sir/Madam,

The representations are received from the organisations for extention of time for applying for declarations prior to 31/03/08. The request has been considered and the date is extended as follows:-

Any application seeking declarations for the period prior to 01/04/2008 may be made as per the existing manual system (on CD) or available on new online system. However such application shall be made prior to 30/06/09. It may please be noted that the declarations prior to period 01.04.2008 will not be issued after 01/07/2009.

This circular cannot be made use of for legal interpretation of provisions of law. If any member of the trade has any doubt, he may refer the matter to this office for clarification.

You are requested to bring the contents of this circular to the notice of all the members of your association.

Yours faithfully,

(SANJAY BHATIA)

Commissioner of Sales Tax,

Maharashtra State, Mumbai

Relaxation of the due date for the uploading of e-returns for the period ending March 2009

TRADE CIRCULAR

Mumbai, Dt.30.04.2009

No. VAT/VAT Ret/

Trade Cir. No. 16 T of 2009

Sub: Relaxation of the due date for the uploading of e-returns for the period ending March 2009

Ref: Trade Circular No 16T of 2008 dated 23-4-2008.

Gentlemen/Sir/Madam,

The due date for filing of returns of all periodicities for the period ending March 2009 is 21st April 2009, as provided in Rule 17 under the Maharashtra Value Added Tax Rules, 2005.

2. After the introduction of the e returns, the dealers were required to make the payment of tax within the periodicity prescribed for the returns, but were permitted to upload the e returns within 10 days from the due date prescribed in the said Rule 17 (Please refer Trade Circular No 16T of 2008) The dealers, who paid the tax within the due date and uploaded the e return within the aforesaid period were not treated as late filers.

3. In April 2009, dealers with six monthly tax liability are also being covered under the scope of e returns for the period ending 31st March 2009. Thus, in the month of April 2009, all the VAT dealers in Maharashtra would be uploading e returns. Perhaps, this could be first time in the history of Indian taxation, that such a large number of dealers would be filing e returns.

4. We have received certain representations requesting that quite a sizeable number of dealers could not file the e returns up to 30th April 2009, even though they were willing to file the same due to various factors such as not being conversant with the electronic process, load shedding in certain parts of the state, lack of awareness etc. We have received the requests that the time limit for uploading the e returns may be extended up to 10th May 2009.

5. In view of the above situation, the dealers are now being permitted to upload the e returns up to 10th May 2009. It goes without saying that the penalty shall not be levied only if the dealer has paid the taxes for the said period within the due date prescribed under Rule 17 of the MVAT Rules. The dealers who have failed to pay the taxes within the prescribed period could always be liable to the penalty for late filing of returns.

6. This circular cannot be made use of for legal interpretation of provisions of law, as it is clarificatory in nature. If any member of the trade has any doubt, he may refer the matter to this office for further clarification.

7. You are requested to bring the contents of this circular to the notice of the members of your association.

Yours faithfully,

(SANJAY BHATIA)

Commissioner of Sales Tax,

Maharashtra State, Mumbai.