Vat rates in maharashtra 2012-13 pdf file

What is limit of vat audit of account in maharashtra. In case of any problem please go through the video guide and user manual provided in help section. The government of maharashtra has increased the vat rates from 17th september 2016. The system of value added tax vat has been implemented, in the state of maharashtra, w. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Deductor has to pay a penalty ranging from minimum of rs. Mvat rate schedule under maharashtra value added tax updated up to 1st october 2015. Vat audit is applicable only if tax audit is applies to you concern. Commission er of sales tax vat administrati on in the rest of the state. Vat is charged at 1 % for the items under this category. Office of the commissioner of sales tax, 8th floor, vikrikar bhavan, mazgaon, mumbai 400010. A bill namely, the taxation laws amendment act, 2007 bill no.

Mvat rate schedule b list of the goods which the rate of tax is 1% or 1. Spread over 307,7 km 2 118,809 sq mi, it is bordered by the arabian sea to the west, the indian states of karnataka and goa. Select categorysubject of the complain as minor act. Tax on the entry of goods into local areas act, 2002. In rule 88 of the maharashtra value added tax rules, 2005, for the. Therefore, the manufacturer of the liquor will be paying vat to all his suppliers at varying rates and ultimately collect vat from his customers at 60 %. Director, maharashtra state cooperative tribal development corporation ltd. I have deducted professional tax from payment of salry pertaining to january2019, while paying salry of january2019, on 10. While some states refused to opt into the vat act up until only 2005, kerala was among the initial states to adopt this tax. The maharashtra tax on entry of motor vehicles into local areas act,1987.

Vat return form vat return form download vat registration. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. The last date to file value added tax for the first quarter of the financial year 2016 17 is november 30th and for the second quarter of the financial year 2016 17. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Mvat rate schedule a list of the goods which the rate of tax is nil.

Rate schedule under the maharashtra value added tax. Tax audit is applicable for turnover crosses 60lakhs for f y 201011. For example, in maharashtra, vat on liquor is 60 % whereas the vat on the ingredients to make that liquor will vary. Vat is a kind of tax levied on sale of goods and services when these. Agricultural implements, manually operated or animal driven. Government of maharashtra mumbai 3031th january,2014 government of maharashtra memorandum to the fourteenth finance commission. Refinery mumbaib the above rates are as per the rates charged by the main producers at their respective points of supply, as on the date of implementation of d. Download maharashtra vat rate schedule file in pdf format. Rate schedule under the maharashtra value added tax mvat act 2002, up to 31.

Thus the tax on such sale is levied according to the provisions of cst act. Provide scan copy of your challan payment, minor acts rc no and vat tin if available. In the united kingdom, the valueadded tax was introduced in 1973, replacing purchase tax. Dsr pune 2012 pdf 1general notes schedule of rates is prepared for the year operative from 1st oct. For calculation of transportation charges rates tabulated in material master for following items are considered in the formula. The vat returns are required to be filed on a quarterly basis and a few types of businesses may be requested to file on a monthly basis.

Plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. Goods covered under entry c70 in the schedule of maharashtra value added tax act, 2002. If you delay or forget to file your etds statement. Amendments in schedule a and schedule c of mvat as applicable from 1st april 2015. Vat was introduced to reduce the surging effect of taxes and boost trade by bringing in transparency in taxation. Fees others commercial taxesvat accounts for 58% of the own tax revenues in 2012 though the vat as a % of gsdp is 4. The reason why vat is charged at 1 % on expensive goods is because increasing the rate of vat will considerably increase the prices of the items that fall under this category. Mvat late payment interest calculator in excel posted on october 30, 20 by sara mathur 5 comments interest is payable buy dealer us. Service tax, vat and cst an overview taxation basics. If deductor furnishes incorrect details like pan, tds amount, payment of challan etc. It seems that like interest rate in service tax was amended slab wise i. C form cst cst 3% or 2 % cst form e1 sale faq vat sale in transit value added tax vat forms. The karnataka value added tax amendment bill, 2012 has been passed by the legislative assembly on 30.

Notification under the maharashtra value added tax act, 2002. Tax rates the changes in the vat rates are as follows. Rate schedule under the maharashtra value added tax mvat act 2002, up to 30. Give power to appellate authority for remission too in genuine case as no businessman intends to. As per the provisions of maharashtra value added tax act, 2002 mvat act, a dealer is liable to pay tax on the basis of turnover of sales within the state. Under eu law, the standard rate of vat in any eu state cannot be lower than. It is the secondmost populous state and thirdlargest state by area. Mh is a state in the western peninsular region of india occupying a substantial portion of the deccan plateau. Includes historical background, year wise tax collection e for last 20 years and procedural aspect of service tax act 1994 with latest amendments are covered. Rate schedule department of goods and services tax. Check calculation of vat, vat rates, vat registration, documents required and process of. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident.

Definitions 219 chapter ii the incidence and levy of tax 3. Value added tax vat tax rates, process of calculation. In view of covid19 outbreak and to ensure the uninterrupted services, endusers may contact the helpdesk on mobile no. Schedule of rates for the year 2012 general notes 1 these rates are applicable to all mjp works in the konkan region with effect from 24122012. Rate schedule under the maharashtra value added tax mvat. The same can be downloaded from website of department of sales tax, maharashtra. Sir, for slaes return we r taking vat credit back for the returned goods. The gist of the relevant amendments is detailed in this communique. Important due dates for tds, tcs, vat, cst, pf, pt. Goods not covered elsewhere for which the rate of tax is. Directorate of insurance maharashtra state vide letter no.

The government of gujarat had pass the gujarat value added tax act. Increase in rate of tax in respect of schedule c, schedule d10 petrol and schedule e goods in maharashtra with effect from 17. Vat 1512cr12taxation1 dated 16th february, 2012 in respect. Home page of central board of indirect taxes and customs. Mvat rate schedule under maharashtra value added tax updated up to budget 20152016. An order issued by navin k choudhary, commissioner secretary to government, finance department, subruled rule 282 of the jammu and kashmir value added tax vat act, 2005. Changes in vat rates in schedule c to be effective from 1st april 2016. However full input tax credit is available for the value added tax paid in maharashtra. Vat rates, value added tax rates by vishal vijay gupta. Vat value added tax is payable by 15 th of the succeeding month following the relevant month i. The rate of purchase tax shall be same as provided in schedule c. Payable at nashik 2 vat cst registration certificate. Pwd dsr pune pdf dsr pune pdf d structural steel rs. If deductor exceeds one year time limit to file tds statement.

Vat rates value added tax rates, vishal vijay gupta and. The vat return form 201 is at a summary level or a consolidated level. Mvat rate schedule under maharashtra value added tax. As per the provisions of maharashtra value added tax act, 2002 mvat, a dealer is liable to pay tax on the basis of. Return due date download pdf,3,tds rate 201112,1,tds rate 2012,5,tds rate after budget,4,tds rate chart,15,tds rate chart 1112,5,tds rate chart 201920,1,tds rate chart fy 201415,1,tds rate chart fy12,1,tds rate without pan,3,tds rates,30. Starting from 1st january 2018, the businesses registered under uae vat are required to file online vat returns. Presentation on service tax act 1994, for undergraduate commerce students of goa university. Due dates for march 2012 mvat returns for dealers liable for vat audit, due date is same i. The value added tax rate in maharashtra for the goods falling. Vat was introduced value added tax vat into the indian taxation system from 1 april 2005.