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Audit Trail Compliance in Accounting Software
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Gifts and Loans — By and To Non-Resident Indians – II
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February 2009

Trade Circular 1T of 2009, dated 12-1-2009

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants

Reading Time 1 mins

New Page 1

Part B :
INDIRECT TAXES

MVAT Update

Mandatory filing of E-Returns.

33
Trade Circular 1T of 2009, dated 12-1-2009 :

It has been decided to extend the provisions of filing of
electronic returns to all the registered dealers in Maharashtra under MVAT and
CST Acts from the 1st October, 2008 onwards. Thus, now the filing of e-return
becomes mandatory for all the dealers for the period ending March, 2009 onwards.

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February 2009

Trade Circular 1T of 2009, dated 12-1-2009

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Change in procedure for payments in the absence of TIN.

Composition rate for a drug retailer —Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008

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February 2009

Trade Circular 1T of 2009, dated 12-1-2009

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Change in procedure for payments in the absence of TIN.

Composition rate for a drug retailer —Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008