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TRADE CIRCULAR
No.VAT/MMB-1006/152/Adm-3
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Trade
Cir. No.36T of 2007 |
Mumbai,
Dt. 28.04.2007 |
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Sub: |
Submission of Audit Report in Form 704 for the year 2005-06. |
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Ref: |
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Writ petition No. 3203 of 2006. The Sales Tax practitioner
Association of Maharashtra and Another Versus The
State of
Maharashtra and Another.
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Trade
circular No. 9T of 2007, Mumbai dated 29.01.2007.
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Trade
circular No. 20T of 2007, Mumbai dated 27.02.2007
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Gentlemen/Sir/Madam,
The
Hon’ble High Court has directed the Sales Tax Department to extend the
date of filing the audit report in Form 704 for the year 2005-06,
upto 30th June 2007. Accordingly, the date for filing
of Form 704 in respect of the year 2005-06 is hereby administratively
extended to
30th June, 2007.
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If any discrepancies are shown in the Audit
Report regarding the relevant underlying returns already filed by the
dealer, then a revised return is to be filed. In such cases, the last
date for filing of this revised return is now extended to
31st July
2007.
No legal action will be taken against the dealers who abide by the above
mentioned revised deadlines.
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Though the dates are extended, the dealers are
advised to submit Form 704 as early as possible before the extended date to
avoid last minute rush. The Chartered Accountants should phase out
their work in such a manner that the submission of audit reports in form 704
is spread over the extended period, if not already submitted, so that there
will not be any inconvenience to any one.
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In the year 2005-06, dealers were holding old
B.S.T.R.C.Nos.
which must be shown in the audit report
form 704. From 1.4.2006 these numbers have been replaced by TIN.
It is requested that while filling Form 704, the corresponding TIN should
also be shown in the right hand top corner of the front page the form in
bold letters with borders in red ink as shown below:
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T.I.N. |
2 |
7 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
V |
This will facilitate the
department to update the dealer’s data and will also be helpful to the dealers.
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Dealers are also requested to submit their
e-mail addresses at the time of filing the audit report in form-704.
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In areas other than Mumbai, form 704 will be
accepted in the office of the respective Joint Commissioner of Sales Tax (Adm).
In the places where the office of the Joint Commissioner of Sales Tax is not
located, it will be accepted in the office of the Deputy Commissioner of
Sales Tax (Adm) or Assistant Commissioner of
Sales Tax (Adm), as the case may be.
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This circular cannot be made use of for legal
interpretation of provisions of law as it is clarificatory in nature. If any
member of the trade has any doubt, he may refer the matter to this office
for further clarification.
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You are requested to bring the contents of
this circular to the notice of the members of your association.
Yours faithfully
(B. C.
Khatua)
Commissioner of Sales Tax,
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