MVAT UPDATES
Submission of application under Settlement Act Electronically & FAQs on Settlement of Arrears in Disputes Act, 2016.
Trade Circular 21T OF 2016 dated 24.8.2016
Commissioner of Sales tax has explained procedure to upload application electronically under the Maharashtra Settlement of Arrears in Dispute Act, 2016 and also updated FAQs on the said Scheme.
Return filing in new automation processes and changes in procedures
Trade Circular 22T of 2016 dated 24.8.2016
Commissioner has explained new procedure to file MVAT & CST returns from April-2016 in New Automation System. The process of submission of returns for the period starting from April, 2016 was put on hold because of certain technical problems. However, dealers were required to pay tax due on or before the due dates prescribed under the provisions of law. For filing monthly and quarterly returns extended due dates are given in the circular and the new automation system and procedure to prepare and upload the return are explained. From April, 2016 dealer who is registered under the CST Act and whose turnover under CST Act is NIL requires to file NIL CST return.
Facility through e-Seva Kendra for online submissions
Trade Circular 23T of 2016 Dated 2.9.2016 & 25T of 2016 dated 7.9.2016
Dealers who do not have facility to apply online now can file application of registration through e-Seva Kendras. Other online services for e-filing of Returns, e-Payments and e-CST Declarations will be available from e-Seva Kendras.
Clarification under Settlement of Arrears in Disputes Act, 2016
Trade Circular 24T of 2016 dated 3.9.2016
Commissioner has issued this Clarification and revised instructions regarding various aspects and queries received by department from various associations in respect to availment of benefits under the Settlement of Arrears in Dispute Act, 2016.
Grant of Administrative Relief to Builders and Developers
Trade Circular 26T of 2016 dated 8.9.2016
Commissioner has clarified that Builders/Developers who have complied all the conditions as per the trade circular concerning registration and grant of administrative relief for unregistered period except compounding fees paid in time but paid later are now also be considered for administrative relief.
Amendments to the Maharashtra Settlement of Arrears in Disputes Act, 2016. (Mah. Ordinance No. XXIII of 2016.)
Trade Circular 27T of 2016 dated 21.9.2016
Amendment has been made in the Maharashtra Settlement of Arrears in Dispute Act, 2016 by an Ordinance and thereby condition of stay order has been dispensed with. Similar treatment will be given to payment made after passing the statutory order but before filing of appeal as the treatment given for part payment made in appeal.
Increase in Rate of Tax in respect of Schedule C, Schedule D-10 (Petrol) and Schedule E goods
Notification VAT. 1516/CR 123/ Taxation-1, dated 16.9.2016
The Government of Maharashtra has issued this Notification to amend Schedules ‘C’, ‘D’ and ‘E’ appended to the MVAT Act, 2002. W.e.f. 17.9.2016 in Schedule ‘C’ for various entries specified in Notification rate has been increased to 6% from 5.5% and for Schedule E rate has been increased to 13.5% from 12.5%. In Schedule ‘D’ in entry 10 any other kind of motor spirit rate has been increased by Rs.1.5 per litre.
