Submit return e return in form 424 within 21 days from the end of month in which tax is so remitted applicable in respect of tax deducted on or after 1st april, 2016. New mvat and cst return templates by asmeet shah on 03042012 leave a comment the department of sales tax, maharashtra state has introduced the new version 1. For more details regarding the new forms, check our earlier post here the mvat forms and the manual can be downloaded from the. New return filing process on mahagst portal under mvat and. April 2016 registered dealers return periodicity under mvat act for the financial year 2016.
Marathi professional tax ereturn filling iii b form on mahagst new site duration. Maharashtra vat returns filing calendar for fiscal year 20162017. Ans revised return of 201516 are required to be filed as per old format on new system. On the basis of the transaction codes and the return form mentioned by the dealers in the annexures, the relevant fields of relevant return form will get autopopulated. Submit return ereturn in form 424 within 21 days from the end of month in which tax is so remitted applicable in respect of tax deducted on or after 1st april, 2016. Mar 21, 2016 maharashtra sales tax department is making substantial changes in its automation processes relating to taxpayer interface, w. This is expected to result into significantly more efficiency in the working of the department, less errors due to. The due date is decided as per the periodicity of mvat return.
Prior period up to 31st march 2016 return filing processes on. A new amnesty scheme has been rolled out for dealers under the mvat act, but businesses seeking amnesty need to move fast as it closes on 30 sep. Return filing process on mahagst portal under mvat and cst act. To know the periodicity of mvat return click on mahavat. If youre just looking around for related information on startups, government registrations, tax or legal documentation, check out the list of services we provide to make your interaction with government as smooth as is possible by doing all the legal documentation for you. This program is conducted by the experts in the field. New mvat return to be deployed wef 1st april 2016 company. For that purpose, new templates of annexures and returns in form 231, form 232, form 233, form 234, form 235 and cst form iii e has been introduced in place of.
For that purpose, new templates of annexures and returns in form 231, form 232, form 233, form 234, form 235 and cst form iii e has been introduced in place of old annexures j1, j2. Maharashtra explains vat cst return filing process on new. Below is the tax computation report for april 2016 for which we are going to file month return. Due date of vat payment and return in maharashtra tax baniya. This tutorial will make you understand the basic selection and downloading of vat return form under maharashtra vat act. For that purpose, new templates of annexures and returns in form 231, form 232, form 233, form 234, form 235 and cst form iii e has been introduced in place of old annexures j1, j2 and respective old return forms. Return type select from the drop down appropriate options viz. New procedure on mvat m aharashtra sales tax department is making substantial changes in its automation processes relating to taxpayer interface, w. Effective as of 1 january 2016, only invoices using the new virtual system.
Return form template is an excel utility and contains five sheets i. Extension of due date for filing single revised maharashtra. New forms under maharashtra value added tax mvat my ca world. Notice for payment of tax due according to a return under section 20 of the mvat,2002 form 221 vat return form for all vat dealers other than dealers executing works contract, dealers engaged in leasing business, composition dealers psi dealers and notified oil companies. Vatcst return template revised return us 204b for the period 01042017 to. For example, the second quarter vat return of 2016 of an established dutch. Now we are going to discuss on form h sales, from h is useful for the exporters an exporter can save the vat by giving the form h. Earlier the employers were required to submit annual ereturn in form 424 within three months from the end of the year. New automation return for the periods from 1st april 2016. Aug 06, 2016 maharashtra government has taken an initiative to make efiling return process hassle frees and for ease of doing business. All the registered dealers are required to file annexures for the entire year as mentioned in form 704 along with the last return of any financial year which is required to be filed before 21 st april of the year succeeding the year to which such return relates. Filing mvat and cst return in new return template fy 2016 17.
Arjuna,ss per the various conditions and financial situations in the state, the maharashtra government makes changes in vat law time to time. Return cum chalan of tax payable by a dealer under mvat. Return cum chalan of tax payable by a dealer under mvat act, 2002. New forms under maharashtra value added tax mvat my ca. Returns original and revised for all the periods prior to april 2016 have to be filed in old templates and the consequential effect, if any, would be. New template single annexure for filing of returns under section 204 b and c for the year 201617and onwards.
The department of sales tax, maharashtra state has introduced the new version 1. Monthly periodicity is removed by amending rule 17 of the mvat rules, 2005 and accordingly from 1st. For dealers of chhattisgarh commercial tax department. Tax users can register for vat with same tin, has been launched on 16mar2016. I think the new return template is availbale on m vat website mvat home pagedealers servicesnew automationreturns once directed on mstd website select return template under downloads. Krishna,it is necessary to recall the new changes that have taken place in the mvat laws from 1st april 2015. The sales tax department of maharashtra has released the new bundle of forms to be used for period beginning with april 2016, along with the methodology of filing mvat returns and annexures. Now, whether march 2016 return is to be revised using old template or under new mvat automation system. Manuals and procedure department of goods and services tax. Is there any clarifications relating to the forms are. Dealer need not to apply for new application of appealrevision for which. These changes are expected to increase efficiency, minimize manual errors, and deliver time management benefits for both department and tax payers.
Today we are going to discuss due date of vat payment and return in maharashtra. Regular ereturns annextures, regular ereturn annexure version 1. Hurry makes worry for mvat automation ca and cs hub. Vat return form for psi dealers holding entitlement certificate. Monthly periodicity is removed by amending rule 17 of the mvat rules, 2005 and accordingly from 1st april, 2016. With the arrival of gst and the concept of one nation, one tax the situation has changed for the better. Department of goods and services tax government of maharashtra toggle navigation. This is expected to result into significantly more efficiency in the working of the department, less errors due to minimum human intervention and maximum benefits in relation to time management.
Mvat 1 how to select and download mvat return youtube. All dealers are required to file sales purchase annexures before submission of return from 1 st april 2016. The dealers are required to make payment of taxes due for a return period within 21 days from the end of applicable return. Apr 03, 2012 new mvat and cst return templates by asmeet shah on 03042012 the department of sales tax, maharashtra state has introduced the new version 1. The taxpayer must file a request for refund form, prescribed in the vat law, with. New mvat and cst return templates by asmeet shah on 03042012 the department of sales tax, maharashtra state has introduced the new version 1. Jan 08, 2015 this tutorial will make you understand the basic selection and downloading of vat return form under maharashtra vat act. New e returns annexures, return template version 3. Now, maharashtra government take initiative regarding hassle frees from the efiling return process for ease of doing business. Apr 01, 2016 filing header,sales annexure,purchase annexure, form 231 and cst form iii e. Filing mvat and cst return in new return template fy 201617. Transaction codes for mvat new return sales and purchases.
Return filing under new automation processes and changes. Maharashtra sales tax department is making substantial changes in its automation processes relating to taxpayer interface, w. Tally erp 9 complete basic accounting class with example hindiday 1journal entries example tally duration. This is expected to result into significantly more efficiency in the working of the department, less errors due to minimum human intervention and maximum benefits in relation to. An annual return must be filed if audit report in form 704 is not. Changes are implemented through notification, circulars, etc after the finance bill. The dealers who have delayed their tax payments shall be required to admit this interest in relevant return and pay the same as per the provisions of law. Period periodicity due date form of return from 1 st day of the month quarter to date immediately. Faqs in respect of mvat return filing in new automation. Is there any clarifications relating to the forms are these actual forms to be filed from april 2016 onwards. Mvat return to be filed on new portal even for period prior to 1st april 2016. Filing mvat and cst return in new return template fy 2016. New mvat automation returns and cst forms handling tax processes manually can lead to major issues.
Now onwards while filling return forms dealer can carry forward their excess. Under the new law, which entered into force 8 september 2016 and repealed. Mar 20, 2015 tax calendar for filing of return and payment of taxes under mvat act 1. Mar 19, 2018 extension of due date for filing single revised maharashtra vat return for the financial year 2016 17 march 19, 2018 fiscal, industries, maharashtra 0 department of goods and services tax act, government of maharashtra has released an information regarding extension of time limit for filing single revised return for the financial year 2016 2017.
Tax calendar for filing of return and payment of taxes under mvat act 1. April 2016 details required select from the drop down appropriate options comprising of combination of various return form numbers e. Earlier, the goi and governments of various states had fixed the final dates on which the payment of different indirect taxes was to be done. Return filing under new automation processes and changes in.
The dealers which are registered under the mvat act, 2002 waited for over 6 months for filing new return form in the maharashtra vat portal and now finally the long awaited new return form was made available for filing of return by the commissioner of sales tax department of maharashtra by issuing trade circular no 22t dated 26 august. Jul 15, 2016 i think the new return template is availbale on m vat website mvat home pagedealers servicesnew automationreturns once directed on mstd website select return template under downloads. Under the act returns department of goods and services tax. Maharashtra government has taken an initiative to make efiling return process hassle frees and for ease of doing business. It has also been provided to mention the type of return form to which a particular invoice belongs to. The sales tax department of maharashtra has issued a notification no. Extension of due date for filing single revised maharashtra vat return for the financial year 201617 march 19, 2018 fiscal, industries, maharashtra 0 department of goods and services tax act, government of maharashtra has released an information regarding extension of time limit for filing single revised return for the financial year 20162017. Electronic forms department of goods and services tax.
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