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No.VAT/AMD-1006/ 152/Adm-3
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Trade
Cir. No. 12 T of 2008 |
Mumbai,
Dt.05.04.2008 |
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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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Trade Circular No. 36T
of 2007, Mumbai dated 280.4.2007.
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Trade circular No. 45T
of 2007, Mumbai dated 20.06.2007.
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Trade circular No. 49T
of 2007, Mumbai dated 30.06.2007.
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Trade circular No. 51T
of 2007, Mumbai dated 31.07.2007.
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Trade circular No. 58T
of 2007, Mumbai dated 23.08.2007.
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Maharashtra Act No.
XXV of 2007, dated 06.08.2007.
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Trade circular No. 66T
of 2007, Mumbai dated 31.10.2007.
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Trade circular No. 71T
of 2007, Mumbai dated 29.12.2007.
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Trade Circular No.
2T of 2008, Mumbai dated 29.01.2008.
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Gentlemen/Sir/Madam,
The
Hon’ble High Court has dismissed the Writ petition
No. 2000 of 2007 and allied petitions regarding Form 704. However the date for
filing of Form 704 has been extended by the High Court to 30th June
2008. Accordingly, the date for filing of Form 704 in respect of the
year 2005-06 and 2006-07 stands extended to
30th June
2008.
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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
2008. No
legal action will be taken against the dealers who abide by the above
mentioned revised deadlines.
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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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For the present, audit
reports in Form 704 will be accepted in hard copy even if the soft copy is not
furnished.
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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,
(SANJAY BHATIA)
Commissioner of
Maharashtra State,
Mumbai. |
