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No. VAT/ MMB-1006 / 152 / Adm
3
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Trade
Cir. No 9 T of 2007 |
Mumbai
Dt. 29/01/2007 |
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| Sub: |
Submission of Audit Report in Form 704 for
the year 2005-06 |
| Ref :
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Trade circular No. 26T of 2006 dt. 18-9-2006
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Trade circular No. 23T of 2006 dt.
18-10-2006
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Trade circular No. 6T of 2007 dt 15-01-2007
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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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Gentlement / 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 31st
March 2007, Accordingly, the date for filing of Form 704 in respect of the year
2005-06 is hereby administratively extended to 31st March 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 30th April 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these numbers have been replaced by TIN.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 or the front page the form in bold letters with borders in red ink as
shown below:
| T.I.N. |
2 |
7 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
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. |
