Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ultimate-addons-for-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114
MVAT/CST Archives - Page 8 of 11 - All About Finance

CST return is mandatory with effect from 1st October 2014 in case of interstate sales, branch transfer; export/import, etc

Trade Circular No. 20 T 2014                                                                                                                                        Dated 25/11/2014 Subject: Central Sales Tax 1956 Grant of exemption from filing return, Withdrawal of concession. Reference: Circular 20T of 2014 dated 25-11-2014 withdrawing partially the exemption from filing CST Returns. It has been clarified earlier by the trade above, that where there are no inter-State sales in any … Read more

Reduction in set-off under MVAT

The set-off available under any rule  shall be reduced and shall accordingly be disallowed in part or full in the event of any of the contingencies specified below and to the extent specified. (1)  If the claimant dealer has used any taxable goods as fuel, then an amount equal to    three per cent (before 01/04/2007 it … Read more

When set-off is non-admissible under MVAT ?

In following cases set-off is non-admissible as per rule 54 of The Maharashtra Value Added Tax, Rule 2005. (b)         “purchases of the High Speed Diesel Oil, Aviation Turbine Fuel(Duty paid),Aviation Turbine Fuel(Bonded),Aviation Gasoline(Duty paid),Aviation Gasonline (Bonded) and Petrol unless such motor spirits “are resold or sold in the course of inter-State trade or commerce or … Read more

Amendments in Various Acts administrated by Maharashtra sales tax department due to budget proposal for the year 2014-15

Amendments in Various Acts administered by Maharashtra sales tax department due to budget proposal for the year 2014-15 To give effect to the Budget proposals for the year 2014-15, a Bill (Legislative Assembly Bill No. XIX of 2014) to amend the various Acts,  administered by the Sales Tax Department has been passed by the Legislature and … Read more

Details of new composition scheme under MVAT for retailers and analysis whether to opt composition or not?

What is new composition scheme for MVAT dealer and its applicability? Deputy Chief Minister of the Maharashtra state announced the new composition scheme for retailers in his budget speech. The sales tax department comes with the trade circular No. VAT/AMD/2014/8/ADM-8 dated 20/09/2014 regarding the new retailer’s composition scheme.  The old composition scheme is expired with effect from 30th September … Read more

All about H Form for exporter

What is H form?  H form is the certificate issued by Sales tax/ VAT department as proof of export. Who can apply H form? Only register dealer who exports the goods outside Indian can get H form. What is use of H form? State sales tax is applicable when goods sold in the state. Central … Read more

Amendment to Maharashtra Value Added Tax Rules, 2005 – Trade Circular No. 18T of 2014

In order to give effect to the Additional Budget 2014-15 proposals and pursuant to the enactment of the Maharashtra Act No. “XXVII of 2014, certain amendments in the Maharashtra Value Added Tax Rules,2005 have been carried; out by the Government vide Notification No.VAT-1514/CR-62/Taxation-1 dated 13.08.2014. Government also issued Notification No.VAT-1514/CR-29/Taxation-l dated 23rd July 2014 to … Read more

Composition scheme for Retailers under section 42 of the Maharashtra Vallue Added Tax Act,2002- Trade Circular No. 17T of 2014

Background Section 42 of the Maharashtra Value Added Tax Act, 2002 empowers the State Government to provide for Composition Schemes for different classes of dealers. Accordingly, a notification has been issued on 1st June 2005, which provides for Composition Schemes for restaurants, caterers, bakers, retailers and second hand motor vehicle dealers. Entry 3 of this … Read more

Providing e-payment facility for Profession Tax,Luxury Tax and Sugarcane Purchase Tax through GRAS – Trade Circular No. 16T of 2014

The Government of Maharashtra has made available the facility of collection of Government receipts of various departments through GRAS (Government Receipt Accounting System) GRAS is a receipt portal and payment gateway under control of Directorate of Accounts and Treasuries, Mumbai having features as under:   i) The entire process from preparation of challan to submission … Read more

MVAT Tax Collection at Source on Minor Minerals – Notification u/s 31A(2) of the MVAT Act

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-68/Taxation-1.- -In exercise of the powers conferred by sub-sections (1) and (2) of section 31A of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government … Read more