E payment of MVAT mandatory wef 01.06.2010

Maharashtra Govt has issued a Notification regarding e-payment of vat Mandatory for person ,who is liable to file monthly return  as per Maharshtra Vat act .Return Frequency for dealer wise is is given more .A person who has fall under following two conditions is liable to file the Monthly Vat return and now same person is liable to pay tax electronically from 01.06.2010.

  • If tax liability for last year is 10 lakh or more
  • If refund in last year is 1 crore or more

Sr. No.
Periodicity
For  Dealers whose
Due date of filing return and payment of taxes due with return
Return periods
Tax Liability of Previous Year
Or Refund  Claim during previous Year
1
Monthly
10 lakh Or more
one crore Or more 
21 days from the end of relevant month.
Each month from April to March
2
Quarterly
One Lakh or more but less than 10 Lakh
Ten  Lakh or more but less than one crore
21 days from the end of relevant quarter.
   Apr to Jun
   July to Sept
   Oct to Dec
 Jan to Mar
3
Six monthly
Less than One Lakh
Less than Ten  Lakh
21 days from the end of relevant six monthly period
Apr to Sept
 Oct to Mar

Notification for e payment is given below.

FINANCE DEPARTMENT
Mantralaya, Mumbai 400 032, dated the 26th May 2010,
NOTIFICATION
MAHARASHTRA VALUE ADDED TAX ACT, 2002.

No VAT. 1510 /CR-64 /Taxation-1.— In pursuance of the powers conferred by sub-rule (1) of rule 45A of the Maharashtra Value Added Tax Rules, 2005, the Government of Maharashtra hereby specify that, with effect from 1st June 2010, every registered dealer liable to file monthly returns, shall make payment electronically of any amount under the Maharashtra Value Added Tax Act, 2002.
By order and in the name of the Governor of Maharashtra,
CHITRA KULKARNI,
Monday, May 31, 2010
 
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