Maharashtra VAT Circular No: 27T/2009 (01-Oct-09) Filing of Audit Report in Form -704 electronically
Ref:- 1. Notification No VAT/AMD-1009/IB/ADM-6 dated 21st August 2009.
Notification No VAT/AMD-1009/IB/ADM-6 dated 26th August 2009.
Notification No. VAT/AMD-1009-IB/ADM-6 dated 18th June 2009.
Gentlemen/Sir/Madam,
1. The sub-rule (1) of rule 17A of the Maharashtra Value Added Tax Rules, 2005 empowers the Commissioner of Sales Tax to issue notification and to provide the class or classes of dealers required to file various Forms, Declarations, Returns including Audit Report in Form-704 electronically. Accordingly, requisite notification cited at Ref.-1 is issued, Further, in view of the provisions contained in sub-rule (2) of rule 17A, a notification cited at Ref.-2 has also been issued substituting Form-704. Therefore, any dealer who files Audit Report on or after 1st October 2009 for any period shall file the same in the new Form-704. Now, it is mandatory for all the dealers who are required to get their books of account audited as per the provisions of the section 61 of the MVAT Act, 2002 to file Audit Report in Form-704 electronically.
2. Downloading of Form - 704 From Web-Site:-
(i) In view of the aforesaid notifications, it has been made mandatory for all the dealers who are required to file Audit Report in Form -704 as per the section 61 of the MVAT Act, 2002 read with rule 65 of MVAT Rules, 2005 and Section 9 (2) (A) of the Central Sales Tax Act, 1956 to file Audit Report in Form-704 electronically for the period starting on or after 1st April 2008.
(ii) The template of the new Form -704 is provided on the Web-site of the Sales Tax Department www.mahavat.gov.in at 'DOWNLOAD>FORMS >FORM-704'. Every dealer to whom the above notification applies shall download the template of the Form -704. It is hereby clarified that only the downloaded template of Audit Report in Form -704 is to be used for preparation of Audit Report.
3. Filling and Uploading of Form - 704:-
(i) The template of Form -704 is provided at the Department's Web-site. The said template is in the form of an Excel Work Book. The dealer is first required to download the said template and make the offline data entry in
all the fields provided in the relevant Excel Sheets contained in the said work book.
(ii) The Excel Sheets are named as Part I, Part II, Sch I, Sch II, Sch III, Sch IV, Sch V, Sch VI, Annex A, Annex B, Annex C, Annex D, Annex E, Annex F, Annex G, Annex H, Annex I, Annex J and Annex K. The Auditor is requested to first fill in the various Annexures provided in...
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