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Compliance
Number
Type Category Law
Time
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Time
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Maharashtra Value
Added Tax, 2002
Indirect
Taxation
Time
Based
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Time
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Time
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Time
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Compliancec
Section 20 and Rule 17 of Maharashtra Value
Added Tax, 2002
Filling of Return
Section 31 (5) and Rule 40 of Maharashtra Value
Added Tax, 2002
Payment of deduction of Tax and issuance of
certificates to deductee
Section 31 (1) and 40 of Maharashtra Value Added
Tax, 2002
Deduction of Tax
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Section 32 and Rule 41 of Maharashtra Value
Added Tax, 2002
Manner and interval of payment of tax.
Section 61 and Rule 66 of Maharashtra Value
Added Tax, 2002
Accounts to be audited
Rule 68 of Maharashtra Value Added Tax, 2002
Preservation of books of account and registers etc.
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Compliance Provision
Obtain the confirmation whether
(a) Tax liability during the previous year was 1 lakh or less and had no entitlement
for refund, or
Entitlement for refund during the previous year was 10 lakh or less
If yes then - It is required to filled a six-monthly return in Form 231 within 30 days
from the end of the period of six months to which the return relates.
(b) Tax liability during the previous year had exceeded rupees 10 lakhs or
entitlement for refund during the previous year had exceeded 1 crore.
If yes then - It is required to filled a monthly return in Form 231 within 21 days from
the end of the month to which the return relates.
(c) In other cases it is required to filled a quarterly return within 21 days from the
end of the quarter to which the return relates.
Obtain the confirmation from the respective department if any deduction has been
made U/S 31 (1).
If yes then - It is required to deposit the full amount of such tax due and deductible
within 21 days from the expiry of the month during which tax is so required to be
deducted in challan in Form 210 (electronically, in Challan MTR-6) into the
Government Treasury irrespective of the actual amount of tax deducted.
Also It is required to furnish a certificate in Form 402 in respect of the amount so
remitted immediately after the deduction is made, to the dealer in respect of
whom such deduction is made.
Further maintain for each year a separate account in Form 404 showing the
amount of tax deducted, certificate of tax deduction issued, and the particulars of
remittances made to the Government treasury and shall file a return in Form 5 in an
electronic form within three months of the end of the year to which the return
relates.
Obtain the confirmation from the respective department whether any notification
issued by the Commissioner by notification in the Official Gazette to deduct the tax
or such amount of tax as may be specified in the notification, payable on the
purchases other than the purchases to which section 8 (Certain sales and purchases
not to be liable to tax) applies, effected by them in the period or periods specified in
the said notification.
If yes then - It is required to deduct the tax as specified in prescribed notification.
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Ensure that taxes is paid within 21 days in case of monthly or quarterly returns, and
within 30 days in case of the six monthly returns from the end of the period to which
such return relates :
If revised return shows that a larger amount of tax than the tax already paid, is
payable, It is required to first pay into the Government treasury the extra amount of
tax.
Obtain the confirmation from the respective department whether are liable to pay
tax and
1) Turnover of sales or, as the case may be, of purchases exceeds Rs 60 Lakh in year,
or
2) a dealer or person who holds licence in,
(i) Form P.L.L. under the Maharashtra Distillation of Spirit and Manufacture of
Potable Liquor Rules, 1966, or
(ii) Form B-RL under the Maharashtra Manufacture of Beer and Wine Rules, 1966, or
(iii) Form E under the Special Permits and Licence Rules, 1952, or
(iv) Forms FL-I, FL-II, FL-III, FL-IV under the Bombay Foreign Liquor Rules, 1953, or(v) Forms CL-I, CL-II, CL-III, CL/FL/TOD-III under the Maharashtra Country Liquor
Rules, 1973, or
3) if he holds an Entitlement Certificate in respect of any Package Scheme of
Incentives, granted under this Act or under the Bombay Sales Tax Act, 1959.
If yes then - It is required to get accounts audited in respect of such year by an
Accountant (CA/ICWA) within 9 months and 15 days of the end of the year to which
the report relates and furnish within that period the complete report of such audit in
the Form 704 duly signed and verified by such accountant and setting forth such
particulars and certificates as may be prescribed.
Ensure that all books of account, registers and other documents relating to the
stocks, purchases, dispatches and deliveries of goods and payments made towards
sale or purchase of goods preserve for a period of not less than 8 years from the
expiry of the year to which they relate.
Further where any proceedings have been initiated, it is required to preserve the
said books of account, registers and other documents, beyond the said period till afinal order is passed in respect of the said proceedings.
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Effect of Non-Compliance Agency Keywords Division
Shall be punishable with fine
which may extend to Rs 5000/-
and when the offence is a
continuing one, with a dailyfine not exceeding Rs. 100/-
during the continuance of the
offence. (Rule 90 of this act)
Ministry of Finance and
Department & Revenue
Return Finance
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Payment of deduction of Tax
and issuance of certificates to
deductee
Finance
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
FinanceDeduction of TaxMinistry of Finance and
Department & Revenue
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Liable to pay Simple interest
1.25% of the amount of such
tax, for each month or for part
thereof.
Ministry of Finance and
Department & Revenue
Manner and interval of payment
of tax.
Finance
Penalty equal to one tenth % of
the total sales
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Accounts to be audited Finance
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Preservation of books of
account
Finance
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Location Function Compliance Owner Other Owner
Mumbai Finance [email protected]. [email protected]
Waluj - Plant [email protected]
Jalna - Plant [email protected]
Chikalthana - Plant [email protected]
Thane - Plant [email protected]
Mumbai -HO [email protected]
Mumbai Finance [email protected]. [email protected]
Finance
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Waluj Finance [email protected]@nrbbearings.co.in
Mumbai Finance [email protected]. [email protected]
Waluj - Plant
Jalna - Plant
Chikalthana - Plant
Thane - Plant
Pune - Warehouse
Nagpur - Warehouse
Finance [email protected]
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Esc 1 Days 1 Esc 2 Days 2 Esc 3
[email protected] 5 [email protected]
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[email protected] 5 [email protected]
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Days 3 Frequency Reminder
Days
Day Month Start year Start month No. of years
2 Monthly 21 21
2 Monthly 10 10
2 Monthly 21 21
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2 Monthly 21 21
5 Yearly 60 15 January
2 Yearly 30 30 April
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No. of
months
Is File
Upload
Mandatory
File Description
Yes Monthly Return -
Form 231
Yes Challan / issuance of
certificates to
deductee (Form 404)
Challan/Form 402Yes
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Yes Challan
Yes Audit Report in Form
704
Yes Confirmation from the
respective department
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Compliance
Number
Type Category Law
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Event
Based
Indirect
Taxation
Maharashtra Value
Added Tax, 2002
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Compliance Description
Section 3 of Maharashtra Value Added Tax, 2002
Turnover limits for Registration
Section 16 & Rule 8 of Maharashtra Value Added
Tax, 2002
Certificate of Registration
Rule 10 of Maharashtra Value Added Tax, 2002
Exhibition of certificate of registration
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Section 17 & Rule 8A of Maharashtra Value Added
Tax, 2002
Fresh Certificate of Registration
Rule 11 of Maharashtra Value Added Tax, 2002
Cancellation of certificate of registration
Rule 13 of Maharashtra Value Added Tax, 2002
Notice to produce the certificate of registration
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Section 18 and Rule 15 of Maharashtra Value
Added Tax, 2002
Information to be furnished regarding changes in
business
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Section 32 (4) of Maharashtra Value Added Tax,
2002
Payment of tax
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Compliance Provision
Obtain the confirmation if turnover exceeded the following limits :
(a) Limit of turnover of sales is Rs. 5 Lakh and the value of taxable goods sold or
purchased by him during the year is not less than Rs. 10,000.
(b) In case of an importer, Limit of turnover of Sales is Rs. 1 lakh and the value of
taxable goods sold or purchased by him during the year is not less than Rs. 10,000.
If yes then - liable to pay tax w.e.f from the 1st day of April of the said respective
year, till the certificate or licence is duly cancelled under this Act. Procedure for
registration under MVAT (http://mahavat.gov.in/Mahavat/insheets/regthisins.jsp)
Obtain the confirmation that we are liable to pay tax under MVAT based on turnover
limits specified in U/S 3(4).
If yes then - It is required to apply for certificates of registration in Form 101 to the
registering authority within thirty days from the day on which his turnover of salesand of all purchases during the year commencing on the appointed day exceeds the
relevant limit specified in U/S 3 (4)
Provided that if holds the certificate of registration granted under the Bombay Sales
Tax Act, 1959, then it is not required to apply for a fresh certificate
Ensure that the certificate of registration or a copy is displayed conspicuously at each
place of his business (not being merely a warehouse).
Also it is required to securely affix and display the hologram identifying the dealer as
a registered dealer at a prominent place near the entrance of his each place of
business.
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Obtain the confirmation from the respective department that have more than one
place of business within the State and has obtained separate certificates of
registration for any of such places of business, in addition to the principal place of
business,
If yes then - It is required to make a single application in Form 108 respect of all the
places of business for which he holds registration certificate -a) to the registering authority if the original Registration Certificate is obtained under
the Maharashtra Value Added Tax Act, 2002;
(b) to the assessing authority in charge of the principal place of business if the
original registration certificate is obtained under the Bombay Sales Tax Act, 1959;
(c) to the officer designated by the Joint Commissioner concerned if the original
registration certificate is obtained under the Bombay Sales Tax Act, 1959 and the
case has not been assigned to an assessing officer.
Obtain the confirmation from the respective department whether business has been
discontinued or disposed of or has been transferred.
If yes then - It is required to made an application for cancellation of registration to
the registering authority in Form 103 within 30 days of the date of discontinuance,
transfer or disposal of business.
Obtain the confirmation from the respective department whether any notice issued
by the commissioner to produce the certificate of registration for the purpose of
carrying out any amendment therein under the Act.
If yes then - It is required to produce the certificate of registration to theCommissioner within 10 days from the date of service of a notice.
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Obtain the confirmation from the respective department that whether any of the
followings
(a) transfers by way of sale or otherwise disposes of his business or any part thereof,
or effects or knows of any other change in the ownership of the business, or
(b) discontinues his business, or changes the place thereof, or opens a new place of
business, or
(c) changes the name of his business, or(d) enters into a partnership in regard to his business, or
(e) applies for or has an application made against him for insolvency or liquidation,
(f) being a company, is involved in merger, de-merger or amalgamation of
companies,
(g) undertakes any change in the nature of business, or
(h) effects any changes in the Bank account.
If yes then - It is required to inform to the registering authority within 60 days from
the date of the occurrence of any of the events mentioned above with also deliver
the certificate of registration and all copies thereof
Obtain the confirmation from the respective department Where any dealer liable to
pay tax under this Act.
(a) dies, his executor, administrator or other legal representative or,
(b) where he is a firm, a Hindu Undivided Family or an association of persons and
there is a change in the constitution of such firm, Hindu Undivided Family or
association, either by way of dissolution, disruption, partial partition or partition, or
otherwise, then every person who was a partner, Karta or a member of such firm,Hindu Undivided Family or association, or
(c) transfers or otherwise disposes of his business in the circumstances mentioned in
sub-section (4) of section 44, then any person from whom and every person to
whom the business is so transferred.
If yes then - It is required to inform to the registering authority within 60 days from
the date of the death, change in the constitution, dissolution, partial partition,
partition, disruption or transfer.
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Obtain the confirmation if the name of the person or persons who shall be deemed
to be the manager or managers of such dealers business has been changed :
If yes then - Declaration shall be furnished in Form 105 at the time of registration or
where any such declaration is to be revised, it is required to declared within 30
days from the date on which the manager or managers previously declared are
changed to the registering authority.
Also it is required to submit the proof of having current bank account and a
permanent account number to the registering authority at the time of making
application.
Obtain the confirmation whether any notice issued by Commissioner in Form 212 for
defects in Return filled U/S. 20
If yes then - It is required to correct the defects and submit to the prescribed
authority a fresh complete and self-consistent return, within one month of the
service of the defect notice.
Obtain the confirmation from the respective department whether any omission or
incorrect statement in Original Return.
If yes then - May furnish a revised return in respect of the period covered by the
return at any time before a notice for assessment is served on him in respect of the
period covered by the said return or before the expiry of a period of 10 months from
the end of the year to which the return relates, whichever is earlier.
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Provided that discovers any omission or incorrect statement as a result of the report
of audit of accounts prepared U/S 61, it is required to furnish a revised return within
30 days from the date prescribed for furnishing the Audit report.
Obtain the confirmation from the respective department whether any notice issued
by the Commissioner for :-
(a) i) The amount of tax due where the return or revised return has been furnished
without full payment thereof shall be paid forthwith.
ii) The amount of tax which it becomes necessary to pay on account of the reduction
in set-off because of any contingency specified in the rules, shall be paid at the time
prescribed for making payment of tax for the period in which such contingency
occurs.(b) (i) The amount of tax due as per any order passed under any provision of this Act,
for any period, less any sum already paid in respect of the said period; and
(ii) the amount of interest or penalty or both, if any, levied under any provision of
this Act; and
(iii) the sum, if any, forfeited and the amount of fine, if any, imposed under the Act
or rules; and
(iv) the amount of tax, penalty and interest demanded in the context of excess
availment of incentives or availment of incentives not due; and
(v) any other amount due under this Act,
If yes then - It is required to paid into the Government treasury within 30 days from
the date of service of the notice issued by the Commissioner.
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Effect of Non-Compliance Agency Keywords Division
Finance
Rigorous imprisonment for a
term one month and may
extend to one year and with
fine.
Ministry of Finance and
Department & Revenue
Turnover for Registration Finance
Liable to pay Simple interest
1.25% of the amount of tax for
each month or for part thereof,
for the period commencing on
the 1st April of the respectiveyear to the date of the payment
of tax failed to apply for
registration (Maximum Interest
up to amount of tax found
payable for the respective year.
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Certificates of Registration Finance
Display of certificateMinistry of Finance and
Department & Revenue
Shall be punishable with fine
which may extend to Rs 2000/-
and when the offence is acontinuing one, with a daily
fine not exceeding Rs. 100/-
during the continuance of the
offence. (Rule 90 of this act)
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Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Additing/removal of place of
business
Finance
Shall be punishable with fine
which may extend to Rs 2000/-
and when the offence is a
continuing one, with a daily
fine not exceeding Rs. 100/-
during the continuance of the
offence. (Rule 90 of this act)
Ministry of Finance and
Department & Revenue
Cancellation of certificate Finance
Shall be punishable with fine
which may extend to Rs 2000/-
and when the offence is a
continuing one, with a daily
fine not exceeding Rs. 100/-during the continuance of the
offence. (Rule 90 of this act)
Ministry of Finance and
Department & Revenue
Cancellation of certificate Finance
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Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Change in
Business/constitutions
Finance
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Change in
Business/constitutions
Finance
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Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
Ministry of Finance and
Department & Revenue
Manager and PAN No. Finance
Shall be punishable with fine
which may extend to Rs 5000/-
and when the offence is a
continuing one, with a daily
fine not exceeding Rs. 100/-
during the continuance of the
offence. (Rule 90 of this act)
In case of false return - Rigorous
imprisonment for a term one
month and may extend to one
year and with fine.
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six monthsand with fine.
Ministry of Finance and
Department & Revenue
Defect return notice Finance
FinanceShall be punishable with fine
which may extend to Rs 5000/-
and when the offence is a
continuing one, with a daily
fine not exceeding Rs. 100/-
during the continuance of the
offence. (Rule 90 of this act)
In case of false return - Rigorous
Ministry of Finance and
Department & Revenue
Revised Return
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Finance
Liable to pay Simple interest
1.25% of the amount of such
tax, for each month or for part
thereof.
Ministry of Finance and
Department & Revenue
Payment of tax Finance
mpr sonmen or a erm one
month and may extend to one
year and with fine.
Fails without sufficient cause -
Simple imprisonment for a term
which may extend to six months
and with fine.
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Location Function Compliance Owner
Waluj - Plant Finance [email protected]
Jalna - Plant [email protected]
Chikalthana - Plant [email protected]
Thane - Plant [email protected]
Pune - Warehouse [email protected]
Nagpur - Warehouse [email protected]
Mumbai Finance [email protected].
Mumbai Finance [email protected].
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]8/10/2019 Maharashtra Value Added Tax Act_Final
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Mumbai Finance [email protected].
Mumbai Finance [email protected].
Mumbai Finance [email protected].
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Mumbai Finance [email protected].
Mumbai Finance [email protected].
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Mumbai Finance [email protected].
Mumbai Finance [email protected].
Mumbai Finance [email protected].
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Mumbai Finance [email protected].
Mumbai Finance [email protected].
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Other Owner Esc 1 Days 1 Esc 2 Days 2
Jayprakash.pandey@nrbbearin 10 anup@nrb 5
[email protected] [email protected] 10
[email protected] [email protected] 10
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[email protected] [email protected] 10
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[email protected] [email protected] 5
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Esc 3 Days 3 Frequency Reminder
Days
Days After
Report
generation
Is File
Upload
Mandatory
[email protected] 3 Yearly 30 30
[email protected] 5 One time 30 30 Yes
[email protected] 2 One time 30 30 Yes
Yes
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[email protected] 2 Half yearly 30 30 Yes
[email protected] 3 Yearly 30 30 Yes
[email protected] 1 Yearly 10 10 Yes
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[email protected] 5 60 60 Yes
[email protected] 5 Yearly 60 60 Yes
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[email protected] 2 Yearly 30 30 Yes
[email protected] 1 30 One month Yes
[email protected] 5 Yearly 60 31-Jan Yes
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[email protected] 2 Yearly 30 30 Yes
[email protected] 2 30 30 Yes
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File Description
Confirmation from the
respective department
Certificates of
Registration - Form
101
Confirmation from the
respective department
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Form 108
Form 103
Confirmation from the
respective department
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Confirmation from the
respective department
Confirmation from the
respective department
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Copy of Declaration
Fresh Return
Revised Return
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Revised Return
Challan
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