The department had launched an online application for CST forms. to respective MVAT Return Forms, like Form , , , , & Form III E under the. New Forms under Maharashtra Value Added Tax (MVAT) annexures and returns in Form , Form , Form , Form , Form and. Single revised return for year onwards under MVAT Act (3) This Workbook also consists of Return Forms Viz., Form, ,
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There is no change in type of returns. You are required to file the same type of returns which you have been filing until now. Sales and purchase annexures are replaced with annexures J1 and J2.
In sales and purchase annexures, invoice wise data flrm sales and purchase is required to be entered. Copy and paste option is also available to insert the data in sales and purchase annexures.
Return forms are same with addition of few new fields required for auto population. Annexure template can be downloaded from the website of MSTD www. Dealer is not required to download return form as it will be auto populated from sales and purchase annexures. Dealer is not required to fill up the entire return mvay as maximum fields of return shall be auto populated in the preview return itself.
The fields which do not get auto populated from annexures shall be required to fill up manually. The activity of preparation of annexures and preview return shall be off line. If dealer agrees with the figures shown in preview return he may create the file for torm on web-site. After uploading of such file, a draft return shall be prepared. If dealer is satisfied with this draft return then he mat to submit it with payment thereby completing the process of filing of return.
No, it is not required to key in the details of payment made before filing foorm return. The details of advance payment or RAO shall be auto populated in the draft return.
It will not be shown in the preview return as it is prepared off-line. The New Forms shall be applicable for the periods from 1 st April Transaction codes are meant for type of sales or purchase to be shown in the annexure. The Department or to say the system provided by the Department will prepare the Return. Thus, responsibility of preparing true and correct return is shifting from the dealer to the Department. The dealer has to prepare sales and purchase annexures and based dorm these annexures the preview return is created where there is a provision of manual input.
System shall summarize the data from annexures. Fields in the return shall be auto populated from summarized data. The system shall auto populate draft return on the basis of annexure foem manual input. Dealer has to verify and confirm the return. If the return is not correct and complete according to dealer then dealer has to modify its annexure or manual input.
If dealer does not agree with the draft return shown by the system, whether Submission of draft return is compulsory? Submission of draft return is not compulsory. Fields in the draft return are auto populated from the summarization of annexures. If dealer does not agree with the draft return shown by the system then he may change the annexures.
Yes, all dealers are required to file annexures of sales and purchase in same manner. Form filer is not required to file sales annexure.
FAQS in respect Of MVAT Return Filing in New Automation System – All About Finance
Yes, even in case of NIL returns dealer has to file sales and purchase annexure. Select applicable return form type i. Validate annexure, preview return sheet shall be prepared with zero values. Prepare file for uploading. After uploading draft return shall be displayed with zero values. All sales and purchase transactions are to be mentioned in sales and purchases annexure.
Provided that Sales to consumer or URD buyer can be aggregated and Purchases from URD sellers can be aggregated in a single row where invoice numbers and date are not required to be entered.
As fields in return shall auto populate from sales and purchases annexure, it is necessary to provide all the information in respect of sales and purchases.
Whether, it kvat be compulsory for all the dealers to disclose all such sales and purchases compulsorily through annexures? To determine gross turnover of sales or gross turnover of purchases, it is expected that all purchases and sales should be reported in sales and purchase annexure. When unconfirmed Credit Notes and Debit Notes shall gorm Seller may claim deduction on account of sales return or rate difference or discount in the return.
The claim shall be allowed in current return. If the buyer does not confirm such deductions till subsequent return, then those deductions shall be reversed in next return. Normally set-off is admissible when the purchases are booked in the accounts.
In some cases it is likely that the goods are forrm sold in the same periodicity as that of return, therefore set-off on such goods is not admissible.
Fom such cases the dealer should show such set-off in reduction column. Business is an ongoing concern, so in the next return period, it is most likely that the dealer may have the purchases and sales of goods from the stock of purchases of previous period.
Now under such circumstances, for this period the dealer has to show deduction of set-off fform claiming the set-off on sales which are eligible for set-off.
In certain cases, there might be a situation that dealer may not have any purchases and amount for claim of set-off is not available. For such exceptional scenario, it is advised that the dealer should revise its return of previous period and carry forward the set-off to claim it in the next period. It may happen in case of last return, where the dealer is closing the business or discontinued the purchases. In case of Branch Transfer, if goods are returned by branch then it can be sent by branch transfer mode also.
In 21 of consignment sales, dealer has to claim goods return.
Please clarify how this position will be tackled in the amended form issued by the department for the month of April, onward. C Forms will be issued as per the OMS transactions disclosed in the purchase annexure.
VAT Form 231 (Maharashtra)
If the OMS transaction is not disclosed in a particular quarter, then for such transaction, C form will be issued in the subsequent quarter. It is provided for the purpose of single revised return of the entire year under section 20 4 b and 20 4 c. It can be disclosed in preview return by manual input as an aggregate figure in table 17 row f in return form Developer mvta insert an amount of unclaimed set-off.
It will be reduced from the reversal of set-off. Dealer can download the invoice wise data shown by his seller against its purchases for particular TIN number. The supplier has not filed return due for AprilWill credit be mvag It will not be disallowed in the return for month of April. Set-off shall be admissible as claimed in the purchase annexure and preview return. Kindly clarify it as presently it is stated that Credit notes Transaction Type can only be used for purpose of rate difference or discount.
Payment of TDS is to be made by 21st of subsequent month. TDS returns are filed annually after close of the financial year by 30th June of subsequent year.
Certificates are issued to vendor once or twice in the year. Mvaf the credit of TDS shall be available to forrm works contractor?
TDS credit shall be transferred to the account of works contractor as and when return in form is filed. This transaction type is provided for the sales which mvst not effected in the state of Maharashtra.
Since, this will automatically get covered in branch transfer code This will create twice reporting, one as branch transfer and second as Other state sales.
There is a validation in sales and purchase annexure. Claim of Sales or purchases return beyond six months is not allowed to in the annexures. Is it only physical movement of Goods or will it includes cancellation of invoice on account of clerical typo error?
It refers to physical movement of goods. To rectify typo error, annexure is to be modified accordingly.
Electronic Forms | Department of Goods and Services Tax
In such cases a dealer will not be able to enter two separate codes for a single invoice. In such a case, dealer has to insert such invoice twice with suffix A with different transaction types. They generate a lot of invoices on a daily basis — hundreds or even thousands.
For these people to fill in this data at the end of the month manually will be a very cumbersome process. Is there a way of uploading this data in bulk? The other parts can be filled manually — only the sales and purchase part of it would need to be automated.
Copy and paste facility is available. If such sales are made to consumers then it can be shown aggregated against transaction type Can possible there is filling one amount for sale for transaction.
If the dealer has opted for composition scheme then he is not required to file sales annexure. In retail stores, medical stores etc. Further, in hotel and restaurants canteens at railway platform etc. In all these cases tax is not charged separately in bill and buyer is not claiming any set off. Sales under transaction type can be shown on aggregate basis.
If such type of dealer has opted for composition then sales annexure is not required to file. Some times on safer side many purchasers deduct tax at source even on sales transactions. For them also space for TDS is required.