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Sales Tax Review |
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January 2007 |
Important Trade Circulars
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No VAT/MMB-1006/161/Adm/3
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Trade Cir
No 6 T of 2007 |
Mumbai,
Dt. 15-1-2007 |
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| Sub: |
Submission of Audit Report in Form-704. |
| Ref: |
Trade circular No. 26T of 2006 dt 18-9-2006 |
Gentlemen / Sir / Madam,
Certain clarifications regarding the VAT Audit
Reports has been issued vide Trade Circular NO. 26T of 2006 dated 18-9-2006.
There are requests from members of the Trade regarding para 3 of the
abovementioned circular to the effect that the dealer should be given the
option to file separate VAT Audit Reports if the dealer was having multiple
registration numbers of separate units like PSI, SEZ, EOU etc during the year
2005-06
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The matter has been examined in this office.
It is now decided that the dealer may file separate VAT Audit Reports in
Form 701 for the F. Y. 2005-06 if:-
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the dealer was having more than one
registration numbers and has been filing separate returns in respect of
such registration numbers :
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the dealer was having separate units like
viz., units holding Entitlement Certificate under PSI, SEZ, EOU, etc.,
to the appropriate authority (Joint Commissioner
(Adm) where he is filing such separate return (s)
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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,
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