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TRADE CIRCULAR
No.VAT/Return/1007/1/Adm-3
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Trade
Cir. No.45 T of 2007 |
Mumbai,
Dt.20.06.07 |
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Sub: |
Audit Report in Form 704:
Revised Return for the year 05-06 filed after 30-11-06. |
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Ref: |
1) Trade Circular No. 26 T
of 2006, dated 18-09-06,
2) Trade Circular No.32T
of 2006, dated 18-10-06,
3) Trade Circular No. 9T
of 2007, dated 29-01-07,
4) Trade Circular No. 36T
of 2007 dt. 28.04.2007. |
It may be recalled that the
Trade Circulars 26 T of 2006 dated 18-09-06, 32T of 2006, dated 18-10-06, 9T of
2007, dated 29-01-07 and 36T of 2007 dt. 28.04.2007 were issued on the above
mentioned subject whereby various issues involved in respect of Audit Report in
Form 704 were clarified.
Queries have been received by
this office regarding the revised returns filed by dealers after 30-11-2006 and
whether the auditor can take into consideration such revised returns filed after
November 2006 but prior to finalization of audit report.
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It is now clarified that the
revised returns filed upto 30th June 2007 in the cases where audit
report u/s 61 is submitted will be treated as valid returns and audit report
can take into consideration all revised return filed upto the date of audit.
Revised returns filed upto 31st July 2007 on the basis of Audit
report will also be considered valid.
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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 all the members of your
association.
Yours faithfully,
(SANJAY
BHATIA)
Commissioner of Sales
Tax,
Maharashtra State , Mumbai.. |
