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No.VAT/MMB-1006/152/Adm-3
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Trade
Cir.
No. 51 T of 2007 |
Mumbai,
dt. 31.07.07 |
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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 dt.
28.4.2007.
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Trade circular No. 45T
of 2007, Mumbai dated 20.6.2007.
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Trade circular No. 49T
of 2007, Mumbai dtated
30.6.2007.
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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 23rd August 2007.
Accordingly, the date for filing of Form 704 in respect of the year
2005-06 is hereby extended to
23rd August, 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 September
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 wil
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,
(SANJAY BHATIA)
Commissioner of Sales Tax,
Maharashtra State
, Mumbai. |
