How do I revise my VAT return in Maharashtra?

  1. Download Annexure Template from MSTD website www.mahavat.gov.in;
  2. Save aforesaid Template on Desktop with ;
  3. Fill up the Header;
  4. Prepare Sales and Purchases Annexure;
  5. Validate annexures;
  6. Manual input in excel Return;
  7. Validate excel Return and create .
  8. Go to the Login Page: Use Login Id and Password;

How many times VAT return can be revised?

(If revise return is allowed to change NCCF for current month and OB for next month, in that case NCCF and OB will get changed for next 6 months and dealer has to file revise return for 6 months and department has to approve all these 6 Revise Returns.

What is Section 20 4 )( a of MVAT act?

Dealer can upload the Original, Fresh and Revised return u/s 20(4)(a) as per the periodicity of that FY. i.e. Monthly/ Quarterly/Six Monthly .

Can Annexure J1 J2 be revised?

There is no provision of vat audit revision Maharashtra, but if a dealer has mention the wrong tin number of any Purchase or sale party he can revised the J1 and J2 annexure.

What happens if I make a mistake on my VAT return?

As long as you haven’t yet submitted it, you can make a correction within the VAT return itself. Just write down the date on which you discovered the error, how it occurred, and the correct amount of VAT for that period. Your VAT refund will be based on the corrected figure.

Can we revise Form 704?

Ans : No. There is no provision to revise Audit Report in Form 704 in MVAT ACT 2002.

What is the time limit for revised return?

As per Section 139(5), an assessee can file a revised return 3 months before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.

Can revised return be filed after 143 1?

It is totally possible to file a revised return after the notice or intimation has been received by the taxpayer under Section 143(1) by the Income Tax Department. The revised return can be filed as per the Section 139 (5) of the Income Tax Act.

How do I revise a sales tax return?

Revised Sales Tax Return A registered person may file a revised return within one hundred and twenty days of the filing of return to correct any omission or wrong declaration made therein, subject to approval of the Commissioner Inland Revenue having appropriate jurisdiction.

What is sale under MVAT act?

Section 6 of the MVAT Act is a charging section. It provides that sales tax shall be levied on the ‘turnover of sale’ of goods. The ‘turnover of sales’ means the aggregate of the amount of ‘sale price’ received and receivable in respect of any sale of goods made during a given period.

What is Annexure J1 J2 MVAT?

26 April 2012 This are the Annexure for Filing Return for Non Audit dealers. J1- is For Local Taxable sale to Tin Holders. J2- is For Local Taxable Purchase Details.

Can we revise VAT audit report?

Ans : There is no provision of filing revised Form 704 ( Audit Report) or no provision for rectification of form 704.