UPLOADED NEW 5 DIGIT ACTIVITY CODES FOR VAT AUDIT PURPOSE.

MVAT AUDIT 2009-10-ACTIVITY CODES

AS WE FOUND THAT MANY OF OUR CA FRIENDS AND STP'S ARE NOT HAVING THE NEWLY REQUIRED ACTIVITY CODE 5 DIGIT FILES.

HERE BY WE ARE UPLOADING IT FOR OUR COMMUNITY.

CLICK HERE TO DOWNLOAD (2 LINKS)-- DOWNLOADING TAKES TIME (FILE SIZE 1.31 MB)

http://dhavaldesaisays.files.wordpress.com/2010/12/activitycode1-2-1.pdf

OR

https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bz0INWeiJAEQNDFiOTQyODItNmQ2MS00ZDgxLWJjNzctYWRlNzRkYTZjMDM3&hl=en

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"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010."

"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010."

Click here to download the file:
http://docs.google.com/fileview?id=0Bz0INWeiJAEQY2VkNmVkOGMtMjgxOS00NjcwLWE5MjktZWQ1ODlkMzZjODU4&hl=en



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New VAT Audit Form as on 25.11.2009

Just click here to download the new vat audit form
 http://www.mediafire.com/file/m2nzgxgtzrf/FORM-704 25112009.xls
 
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mportant aspects of new MVAT audit form 704(PART 2)-With Material

I owe this information to Western indian regional council (WIRC of ICAI) 

Friends,
  On November 01, 2009 at Kohinoor Hotel, Andheri, Mumbai there was a Full day seminar on Important aspects of new MVAT audit form 704

Here by i m attaching all the useful material given at that time by the following speakers and it will guranteedly help u in performing ur audits in best part.

Speakers	Material
C. B. Thakar	Important Aspects of New VAT Audit Form -704 Download
Deepak Thakkar	Part 2 (General Information of Dealer) & Part 3 - Annexures A to K of New MVAT Audit Form 704, Download
Dhaval Talati	F – 704 : Schedules (I TO VI) & E-Filling Download
Rajat Talati	Part 1 Para 2B clauses h to p, qualifications & remarks, Tables 1 to 5 and Auditors Final Advice Download

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New Form 704(EXCEL) & activity codes(PDF format) --MVAT Audit

Just click here to download the new form 704
http://www.ziddu.com/download/7303176/FORM-704.xls.html

Just click here to download the activity code list
http://www.ziddu.com/download/7303194/ACTIVITYCODE.pdf.html 

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Important aspects of new MVAT audit form 704.

I owe this information to Western indian regional council (WIRC of ICAI) and speaker sir CA C.B.THAKAR

Friends,
               On October 29 2009 at IMC Churchgate, Mumbai there was a seminar on Important aspects of new MVAT audit form 704 by Speaker CA C.B.Thakar.

So hereby i am giving the details what was discussed and attaching a very good sheet which was compiled and given to us at that seminar

I hope this will help you a lot

The important details discussed are as under:
1. Another template of new vat audit form will be released by 2nd nov 2009.

2. During filling the Form 1st enter the annexure part then many amts will be directly added in schedules.

3. Read the instruction carefully before filling the form 704.

4.In the Form 704 (only one part is applicable)
Part 1A -------------- For tax audit dealer (and tax audit report also to be submitted)
Part 1B--------------- For statutory audit dealer (and statutory audit report also to be submitted)
Part 1C--------------- For other cases (here also we have to submit profit & loss A/c and balancesheet but as certified by dealer)

5.There is difference in Stock statement and maintenance of stock records.

6.local H Form part to be shown in -----------Annexure H
   OMS H Form part to be shown in ----------Annexure I

7. Earlier------------Main thrust of report was certify the corectness and completeness of returns filled
 NEW Form --------Main thrust is on certification of tax liability of the dealer

8.(Part 1)Para 3------------ negative remarks
   (Part1)Para 5-------------other obervation

9.Auditor has to certify that he has read & understood the instructions and followed the same while filling the return

10.Now if the returns are revised difference cant be adjusted in last return (Circular 26T of 2006 dated 18.09.2006 not applicable for new form) Therefore mostly all returns to be revised

11.Read the attachments it has all the additional information

Hope this will help you while auditing.
 
-Thanks & regards  
Dhaval Desai  

Just click here to download:http://www.ziddu.com/download/7143731/vatauditsheet.zip.html  

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VAT Notification for Efiling of Form101 for VAT Registration

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE

Vikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 26th August 2009



NOTIFICATION



Maharashtra Value Added Tax Act, 2002,



No. VAT/AMD-1009/IB/Adm-6.—In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashtra State hereby provides that on or after 1st October 2009, the dealers, who are liable to obtain the registration or desires to get voluntarily registered as per provisions of section 16, of the Maharashtra Value Added Tax Act, 2002, shall electronically upload the application form for registration in Form-101 provided on the website of the Sales Tax Department.







SANJAY BHATIA,

Commissioner of Sales Tax,

Maharashtra State, Mumbai.


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Meet on e-payment of VAT

Meet on e-payment of VAT



The Commercial Taxes Deputy Commissioner, Mattancherry, in association with the Indian Chamber of Commerce & Industry, had convened a meeting on e-payment of VAT for the benefit of the business community. Senior officials of the designated banks, State Bank of India and State Bank of Travancore participated. The department officials spoke about the advantages of the new system to be introduced from September 1, and the bank officials explained the procedures for opening zero balance account. The representatives of the business community made a plea that implementation of e-payment be extended at least by one month. They said the guidelines were put up on the department's Web site only at the end of this month and it will take time to meet the stipulated requirements. – www.thehindubusinessline.com

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VAT Notification for Efiling of Form No.501 for Claim of Refund w.e.f. 01.10.2009

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE

Vikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 21st August 2009



NOTIFICATION



Maharashtra Value Added Tax Act, 2002.



No. VAT/AMD-1009/IB/Adm-6.— In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashlra State hereby provides that the registered dealers who are entitled to claim the refund as provided under section 51 of the Maharashtra Value Added Tax Act, 2002, shall on or after 1st October 2009, electronically upload the application in Form-501, provided on the Web-site of the Sales Tax Department.







SANJAY BHATIA,

Commissioner of Sales Tax,

Maharashtra State, Mumbai.


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VAT Notification for Efiling of Form 801 for Business Audit w.e.f 01.10.2009

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE

Vikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 21st August 2009



NOTIFICATION



Maharashtra Value Added Tax Act, 2002.



No. VAT/AMD-1009/IB/Adm-6.— In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner of Sales Tax, Maharashtra State hereby provides that the dealers in respect of whom the proceedings of Business Audit as per section 22 of the Maharashtra Value Added Tax Act, 2002 have commenced on or after 1st April 2009, shall on or after 1st October 2009, electronically upload the information in Form-801 provided on the Web-site of the Sales Tax Department.







SANJAY BHATIA,

Commissioner of Sales Tax,

Maharashtra State, Mumbai.
.visit my main blog www.taxmannindia.blogspot.com

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new MVAT circular

dear friends

find enclosed herewith new circular of amendment of VAT.

The compulsory penalty for late filling of return will be Rs.5000 per deafult. The Officer will have not discreation but to levy the penalty there will be no need to issue the show cause notice and the penalty orders will be not appleable.

just click here:http://d.yimg.com/kq/groups/21451086/1014642680/name/VAT%20Circular%206%20Aug%202009.pdf

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