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No.VAT/MMB-1006/152/Adm-3
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Trade Cir. No. 20 T of
2007 |
Mumbai, Dt.27.02.2007 |
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| Sub: |
Submission of Audit Report in Form 704 for the year 2005-06. |
| Ref: |
1) Writ petition No. 3203 of 2006. The Sales Tax practitioner
Association of
Maharashtra and Another Versus
The State of
Maharashtra and Another.
2) Trade circular No. 9T of 2007, Mumbai dated
29.01.2007.
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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 April 2007. Accordingly, the date for filing of Form
704 in respect of the year 2005-06 is hereby administratively
extended
to
30th
April, 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 May
2007. No legal action will be taken against the
dealers who abide by the above mentioned revised deadlines.
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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 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 From 1.4.2006 these numbers have been
replaced by TIN.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.
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2
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7
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1
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2
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3
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4
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5
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6
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7
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8
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9
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V
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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 of 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
Maharashtra State, Mumbai. |
