Statement of Submissin of Audit Report in Form-704 I, of M/s- holder of TIN hereby certify that the accounts of M/s- holder of TIN , have been duly audited for the period To by of firm under the provisions of sectio Maharashtra Value Added Tax Act, 2002 and have received audit report in Form-704 certified by of the f Acceptance of Auditor's Recommendations by the dealer : Sr No Particulars VAT (Rs) CST (Rs) Accepte VAT (Rs) i) Pay additional tax liability of Rs. 0 0 ii) Pay back excess refund received of Rs 0 0 iii) Claim additional refund of Rs. 0 0 iv) Reduce the claim of refund of Rs. 0 0 v) Reduce tax liability of Rs. 0 0 vi) Revise closing balance of CQB of Rs. 0 0 vii) Pay interest under-section 30(2) of R 0 0 viii) Pay interest under-section 30(4) of R 0 0 Reasons for Non acceptance : I hereby acknowledge that the said Audit Report has been uploaded by me on the web www.mahavat.gov.in under the Transaction Id Date : Place : Signature with Name and Designat Seal Enclosures : 1. Balance Sheet and Profit & Loss Account / Income and Expenditure Account and Statutary Au 2. In case dealer having multistate activities, The Trial Balance for the business activitie Dealer's Acceptance 3. Part-I of the e-704 duly signed by the accountant as defined under section 61 of the MVAT pertaining to the Form-704 uploaded by the dealer. This part comprises of Audit Report and Certification, computation of tax liability and recommendations by the accountant.
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Statement of Submissin of Audit Report in Form-704
I, of M/s-holder of TIN hereby certify that the accountsof M/s-holder of TIN , have been duly audited for the period To byof firm under the provisions of section 61 of Maharashtra Value Added Tax Act, 2002 and have received audit report in Form-704 certified by
of the firm
Acceptance of Auditor's Recommendations by the dealer :
Sr No Particulars VAT (Rs) CST (Rs)Accepted Amount
VAT (Rs)
i) Pay additional tax liability of Rs. 0 0ii) Pay back excess refund received of Rs. 0 0iii) Claim additional refund of Rs. 0 0iv) Reduce the claim of refund of Rs. 0 0v) Reduce tax liability of Rs. 0 0vi) Revise closing balance of CQB of Rs. 0 0vii) Pay interest under-section 30(2) of Rs. 0 0viii) Pay interest under-section 30(4) of Rs. 0 0
Reasons for Non acceptance :
I hereby acknowledge that the said Audit Report has been uploaded by me on the website
www.mahavat.gov.in under the Transaction Id
Date :
Place : Signature with Name and Designation
Seal
Enclosures : 1. Balance Sheet and Profit & Loss Account / Income and Expenditure Account and Statutary Audit Report2. In case dealer having multistate activities, The Trial Balance for the business activities in Maharashtra.
Dealer's Acceptance
3. Part-I of the e-704 duly signed by the accountant as defined under section 61 of the MVAT Act, 2002 pertaining to the Form-704 uploaded by the dealer. This part comprises of Audit Report and Certification, computation of tax liability and recommendations by the accountant.
Statement of Submissin of Audit Report in Form-704
hereby certify that the accounts
, have been duly audited for the
under the provisions of section 61 of Maharashtra Value Added Tax Act, 2002 and have received audit report in Form-704 certified by
Acceptance of Auditor's Recommendations by the dealer :
Accepted Amount
CST (Rs)
Reasons for Non acceptance :
I hereby acknowledge that the said Audit Report has been uploaded by me on the website
Enclosures : 1. Balance Sheet and Profit & Loss Account / Income and Expenditure Account and Statutary Audit Report2. In case dealer having multistate activities, The Trial Balance for the business activities in Maharashtra.3. Part-I of the e-704 duly signed by the accountant as defined under section 61 of the MVAT Act, 2002 pertaining to the Form-704 uploaded by the dealer. This part comprises of Audit Report and Certification, computation of tax liability and recommendations by the accountant.
tera Confidential Part I 04/07/2023 Page 3
FORM - 704 Version 1.2.1
PART -1
Location of the Sales Tax office of place of business of the dealer
AUDIT REPORT AND CERTIFICATION
Period Of Audit FROM TO
1
The audit of M/s
is conducted by (*) me/us (Chartered accountants/cost accountant) in pursuance of the section 61 of the MVAT Act .
1(A) The Tax Audit under the provisions of the Income Tax Act, 1961 was conducted by (*) me/us/ M/s
Chartered Accountants. We hereby annex a copy of our/their Tax Audit Report dated
a)
b) The audited balance sheet as at
1(B) Act. Therefore, we have obtained the Audit Report, Balance Sheet as at
and the Profit and Loss Account/Income and Expenditure A/c for the financial year ended on
and the same are annexed herewith.
1( C) and the Profit and Loss Account/Income and Expenditure A/c for the financial year ended on
duly certified by the dealer and the same are annexed herewith.
2(A) I/we have verified correctness of the tax liability of the dealer in respect of below mentioned sales tax returns.
TABLE-1
Sr. No. Particulars
1 Dealer is required to file returns (Select appropriate Box)
2 Dealer has filed all the returns as per given periodicity.
3 Dealer has maintained stock register.
5 Returns verified (Please Select the appropriate box)
(a)(i) Returns under the Maharashtra Value Added Tax Act, 2002
(ii) Return in Form 405
Returns under the Central Sales Tax Act, 1956.
The dealer has filed returns only for the period in which there is inter-State sales or sales u/s. 5
(ii)
rel on 23-12-11
Audit report under section 61 of the Maharashtra Value Added Tax Act, 2002. (See rule 65)
holder of Tax Payer Identification Number under the Maharashtra Value Added Tax Act, 2002 (hereinafter referred to as" the MVAT Act")
ERROR and Tax Payer Identification Number under the Central Sales Tax Act, 1956 (hereinafter referred to
as"the CST Act" )
ERROR
alongwith all the annexures to those reports and copies each of the audited (*) Profit And Loss Account / Income And Expenditure Account for the year ended on
The Tax Audit of the dealer under the provisions of the Income Tax Act, 1961 has not been conducted but the Statutory audit is conducted under
The dealers books of account are not audited under any statute. Therefore, we have obtained the Balance Sheet as at
Maintenance of books of accounts, sales tax related records and preparation of financial statements are the responsibilities of the entity’s management. Our responsibility is to express an opinion on their sales tax related records based on our audit. We have conducted our audit in accordance with the standard auditing principles generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the sales tax related records and financial statements are free from material mis-statement(s). The audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates by management as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.
(b)
(i)
Since there are no interstate sales or sales u/s. 5 in other periods, the dealer has/has not filed returns for such periods.
k) The records related to the receipts and dispatches of goods are correct and properly maintained.
l) The tax invoices in respect of sales are in conformity with the provisions of law.
m) The Bank statements have been examined by *me/us and they are fully reflected in the books of account.
n)
o)
p) I have verified that the purchases effected by the dealer in respect SEZ Unit of the dealer are used in the said Unit.
(b)
Subject to my/our remarks about non-compliance, shortcomings and deficiencies in the returns filed and tax liability computed and presented in respective schedules and Para-4 of this Part, I/We certify that,-
I/We have obtained all the information and explanations, which to the best of my/our knowledge and belief, were necessary for the purposes of the audit.
I/We have read and followed the instructions for preparation of this audit report. Considering the nature of business of the dealer and the Form in which the dealer is expected to file return(s), I/we have given the information as required in Part-3 in Schedule(s) along with the applicable annexures.
The Schedule(s) and Annexures applicable for the dealer are
The books of account and other sales tax related records and registers maintained by the dealer alongwith sales and purchase invoices as also Cash Memos and other necessary documents are sufficient for computation the tax liability under the MVAT Act and the CST Act. The gross turnover of sales and purchases, determined by us, includes all the transactions of sales and purchases concluded during the period under audit.
The adjustment to turnover of sales and or purchases is based on entries made in the books of account during the period under Audit and same are supported by necessary documents.
The deductions claimed from the gross turnover of sales and other adjustments thereto including deduction on account of goods return, adjustments on account of discounts as also debit/credit notes issued or received on account of other reasons, are supported by necessary documents and are in conformity with the provisions of the relevant Act.
Considering the schedule and entry wise classification of goods sold, classification of exempted sales, sales at reduced rates are correct. The tax leviable on sales is properly computed by applying applicable rate of tax and/or composition tax.
Computation of set-off admissible in respect of purchases made during the period under Audit and adjustments thereto are correct. While ascertaining the correctness, *I/We have taken into account the factors such as goods returned, adjustments on account of discounts as also debit /credit notes issued or received on account of other reasons and these claims and adjustments are supported by necessary documents. The Set-off is worked out only on the basis of tax invoices in respect of the purchases.
Wherever the dealer has claimed sales against the declarations or certificates; except as given in Annexure-H and Annexure-I, all such declarations and certificates are produced before me. I/we have verified the same and they are in conformity of the provisions related thereto.
Computation of Cumulative Quantum of Benefits (CQB), wherever applicable, is in conformity with the provisions of the Act in this regard.
*I/we certify that *I/we have visited the principal place of business or a place of business from where major business activity is conducted by the dealer. The dealer is conducting his business from the place/places of business declared by him as his principal place of business/and the additional place of business.
Due professional care has been exercised while auditing the business and based on my observations of the business processes and practices, stock of inventory and books of account maintained by the dealer, I fairly conclude that,-(i) dealer is dealing in the commodities mentioned in the Part-2 of this report;(ii) sales tax related records of the dealer reflects true and fair view of the volume and size of the business for period under audit.
3. Out of the aforesaid certificates; the following certificates are negative for the reasons given hereunder or be read with the following information :
(a)
(c)
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(e)
(f)
g)
h)
i)
j)
k)
l)
m)
n)
o)
p)
(d)
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4 COMPUTATION OF TAX LIABILITY AND RECOMMENDATIONS
TABLE-2
UNDER MAHARASHTRA VALUE ADDED TAX ACT, 2002
Sr. No. Particulars Difference (Rs.)
i) 0 0 0
ii) Less:- Total allowable Deductions 0 0 0iii) Balance Net Turn-over liable for Tax 0 0 0iv) Tax leviable under the M.V.A.T. Act, 2002 0 0 0v) Excess collection under M.V.A.T. Act, 2002 0 0 0vi) Less: Credits available on account of following:(a) Set-off claimed: 0 0 0
(b) 0 0
(c) 0 0
Any other (please specify) 0
vii) Total credits [(a) to (d) above)] available 0 0 0
viii) 0
ix) Total amount payable/refundable 0 0 0
x) Less: Total Amount of Tax Deferred 0 0 0
xi) 0 0
xii) Less: Excess Credit carried forword to subsequent tax period 0
xiii) Less : Refund already granted to dealer 0
Balance Tax Payable/ Refundable 0 0 0
(i) Add : Interest u/s 30(2) #VALUE! #VALUE!
Add : Interest u/s 30 (4) 0
xiv) Total Amount Payable/ Refundable. 0 #VALUE! #VALUE!
xv) 0 0
TABLE-3
UNDER CENTRAL SALES TAX ACT, 1956
Sr. No. Particulars Difference (Rs.)
i) Gross Turn-Over of Sales (as per Sch. VI) 0 0 0
ii) Less:- Total Deductions available 0 0 0
iii) Balance Net Turn-over liable for Tax 0 0 0
iv) 0 0 0
v) (a) Less: Amount of Tax Deferred 0 0 0
(b) 0 0
(c) MVAT refund adjusted (if any) 0 0 0
vi) 0
vii) Balance of tax payable/ Refundable) 0 0 0
viii)(a) Add: Interest U/s 9(2) read with Section 30(2) of MVAT Act. #VALUE! #VALUE!
Add: Interest U/s 9(2) read with Section 30 (4) of MVAT Act. 0
ix) Total Dues Payable /Refundable 0 #VALUE! #VALUE!
x) Excess Central Sales Tax Collection 0 0 0
xi) 0 0
Amount as per returns (Rs.)
Amount as determined after
audit (Rs.)
Gross Turn-Over of Sales, including taxes as well as Turn-over of Non-Sales Transactions like Value of Branch Transfers/ Consignment Transfers and job work charges
Amount of tax paid under MVAT Act as per ANNEXURE-A (including interest and RAO)
Credit of tax as per tax deduction at source certificates (As per ANNEXURE-C).
(d)
Add/Less:- Any other(please specify)
Less : Refund adjusted for payment of tax under the Central Sales Tax Act, 1956
(ii)
Differential tax liability for non-production of declaration/ certificate as per Annexure-H.
Amount as per returns (Rs.)
Amount as determined after
audit (Rs.)
CST leviable under the Central Sales Tax Act, 1956 subject to production of declarations listed in Annexure-I.
Amount of tax paid under the CST Act ANNEXURE-B (including interest and RAO)
Add/Less : Any other (Please specify)
(b)
Differential CST liability for want of declaration as worked out in Annexure-I.
A B C D E F G H I J
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TABLE-4
CUMULATIVE QUANTUM OF BENEFITS AVAILED
Sr. No. Particulars Difference (Rs.)
i) Under the Maharashtra Value Added Tax Act, 2002. 0 0 0
ii) Under the Central Sales Tax Act, 1956 0 0 0
TOTAL 0 0 0TABLE-5
Classification of additional Dues with calculation of Tax and interest thereon
Sr. No. Reasons for Additional Dues (Tax)Additional Dues
VAT (Rs) CST (Rs)
1 Difference in Taxable Turn-over
2 Disallowance of Branch/Consignment Transfers
3
4 Disallowance of High-seas Sales
5
6 Computation of Tax at Wrong rate
7 Excess claim of Set-off or Refund.
8 Disallowance of other Non-admissible claims. (Please Specify)
9 TOTAL DUES PAYABLE
10
11 TOTAL AMOUNT PAYABLE
5. Qualifications or remarks having impact on the tax liability :-
(e)
6. Dealer has been recommended to:-
Sr. No. Particulars MVAT (Rs.) CST (Rs.)
i) Pay additional tax liability of Rs.
ii) Pay back excess refund received of Rs.
iii) Claim additional refund of Rs.
iv) Reduce the claim of refund of Rs.
v) Reduce tax liability of Rs.
vi) Revise closing balance of CQB of Rs.
vii) Pay interest under-section 30(2) of Rs.
viii) Pay interest under-section 30(4) of Rs.
Amount as per returns (Rs.)
Amount as determined after
audit (Rs.)
Disallowance of Inter-state sales or sales under section 6 (2) of CST Act.
Additional Tax liability on account of Non-production of Declarations and Certificates.
(a)
(b)
Amount of interest payable (To be calculated from due date to the date of Audit)
(a)
(b)
(c)
(d)
A B C D E F G H I J
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Name of the Auditor
Membership Number
Name of the Auditing Firm
Registration Number of the Auditing Firm
Address of the Auditor
Email Id of the Auditor
Enclosures:
1) Statutory Audit Report and its Annexures
2) Tax Audit Report under the Income Tax Act, 1961
3) Balance Sheet and Profit & Loss Account /Income and Expenditure Account.
4) In case dealer is having multi-state activities the Trial Balance for the business activities in Maharashtra.
Signature of Chartered Accountant / Cost Accountant
Date of signing the Audit Report in form
704
Mobile and LandlineTelephone No.s of Auditor
Validate and Generate
A B C D E F G H I J
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TeraSoftware Confidential part II 9 Audit 704
Audit report under section 61 of the Maharashtra Value Added Tax Act, 2002.
PART - 2
TIN Period From To
GENERAL INFORMATION ABOUT THE DEALERS BUSINESS ACTIVITIES
A. GENERAL INFORMATION
1) Email Id of the Dealer.
2) Mobile and Landline Telephone Nos. of the Dealer.
3) Permanent Account Number under Income Tax Act, 1961.
4) Name of the Dealer as appearing on the Registration Certificate.
5) Trade Name (If any).
6)
7)
PlotNo,Street and Area City PIN Code District And State
i)
ii)
iii)
iv)
v)
FORM - 704(See Rule 65)
Address of the Business (To be given only if there is change in the Address during the period as compared with the Registration Certificate).
Additional place of business:- (To be given only if there is change in the Address during the period as compared with the Registration Certificate):-
Name (If Any) Of The Aditional Place of business
Floor and Building Name
A B C D E F G H I J K
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TeraSoftware Confidential part II 10 Audit 704
vi)
vii)
viii)
B. RELATED INFORMATION UNDER OTHER ACTS
1 R. C. Number under P.T. Act, 1975
Date of Effect of R.C. under PT Act
Profession Tax Returns filed for the period under Audit
(b) Payments are made as per Returns (Please Select appropriate Box).
E. C. Number under P.T. Act, 1975
Date of Effect of E.C. under PT Act
R. C. Number under Luxury Act, 1975
Payments are made as per Returns (Please Select appropriate Box).
R.C. Number Entry Tax on Goods Act, 2002, if any.
R.C. Number under Sugarcane Purchase Tax Act, 1962, if any.
Eligibility Certificate Number, if any.
(11) Entitlement Certificate Number, if any
(12) ECC Number under Central Excise Act, if any.
(13) Import Export Code given by DGFT, if any
(14) Service Tax Registration Number, if any
(2)
(a)
(3)
(4)
(5) The Profession Tax under above E.C. has been paid for the period under Audit (Please Select appropriate Box)
(6)
(7) (a)
Returns are filed under the Luxury Tax Act, 1987 for the period under Audit (Please Select appropriate Box).
(b)
(8)
(9)
(10)
A B C D E F G H I J K
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TeraSoftware Confidential part II 11 Audit 704
C. BUSINESS RELATED INFORMATION
Specify No of divisions or units for which separate books of account are maintained
(2) Identity of division or unit
PlotNo,Street and Area City PIN Code District And State
i)
ii)
iii)
iv)
v)
vi)
vii)
(1)
Name (If Any) Of The Division or Unit
Floor and Building Name
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TeraSoftware Confidential part II 12 Audit 704
viii)
ix)
D. Business Activity in Brief
E. Commodity Dealt in (5 major commodities) Schedule Entryi)ii)iii)iv)v)
F.
F.[i] Name and version of accounting software used
[ii] Change in accounting software, if any
G. The major changes made during the period of review - Short description of change
(i) Change in the method of valuation of stock
(ii) Changes in the accounting system
Change in product line
(iv) New business activity
Address of the Place of Business of the dealer where books of account are kept
(iii)
(v) Other changes, if any [please specify]
A B C D E F G H I J K
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TeraSoftware Confidential part II 13 Audit 704
H.
Nature of business (Please Select one or more appropriate boxes, as applicable
L. Particulars of the Bank Account(s) maintained during the period under Audit
Name of the Bank Branch BSR Number (Give Branch Address, if BSR Code not known) Account Number(s)
1
2
3
4
5
6
7
8
9
10
11
12
13
Liquor Dealer
Franchisee Agent
Second Hand Motor Vehicle Dealers Motor Vehicle Dealer
Working capital employed by the entity (Difference between current assets and current liabilities) as on the last day of the period under audit. (Rs. In Lakhs)
A B C D E F G H I J K
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Validate Part II
A B C D E F G H I J K
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AUDIT REPORT
Applicable
TIN PERIOD TO
1) Computation of Net Turn-Over of Sales liable to tax Particulars As per return As per Audit Difference
(Rs.) (Rs.) (Rs.)1 2 3 4 5a) 0
b) 0
c) Balance:- Turn-Over Considered under this Schedule (a-b) 0 0 0
d) 0
e) 0
f) 0
g) 0
h) Less:-Sales of tax-free goods specified in Schedule “A" of MVAT Act 0
i) 0
j) Less:- Job work Charges or Labour charges. 0
k) 0
l) Balance: - Net Turn-Over of Sales liable to tax (c) - (d+e+f+g+h+i+j+k) 0 0 02) Computation of tax payable under the MVAT Act
2A) Sales Tax collected in Excess of the Amount Tax payable As per Returns As per Audit Difference (Rs.)
PART-3 SCHEDULE-I
Gross Turn-Over of Sales, including taxes as well as Turn-over of Non-Sales Transactions like Value of Branch Transfers/ Consignment Transfers and job work charges
Less: - Turn-Over of Sales (including taxes thereon) including inter-State Consignment Transfers and Branch Transfers Covered under Schedule II, III, IV or V
Less:-Value of Goods Return (inclusive of tax), including reduction of sale price on account of rate difference and discount.
Less:-Net Tax amount (Tax included in sales shown in (a) above less Tax included in (b) and (d) above)
Less:-Value of Branch Transfers/ Consignment Transfers within the State if tax is to be paid by an Agent.
Less:-Sales u/s 8 (1) i.e. Interstate Sales including Central Sales Tax, Sales in the course of Imports, Exports and value of Branch Transfers/ Consignment transfers outside the State. (Turn-Over covered under Schedule-VI)
Less:-Sales of taxable goods fully exempted u/s. 8 other than sales under section 8(1) and covered in Box 1(g) above.
Less:-Other allowable deductions, if any (Please specify)
Difference in Tax Amount
Turn-Over of Sales liable to
tax (Rs.)
Turn-Over of Sales liable to
tax (Rs.)
Tax Amount (Rs.)
A B C D E F G
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2A) Sales Tax collected in Excess of the Amount Tax payable 0
3) Computation of Purchases Eligible for Set-off Particulars As per Audit(Rs.) Difference(Rs.)
a) 0
b) Less:- Turn-Over of Purchases Covered under Schedule II, III, IV or V 0
c) Balance:- Turn-Over of Purchases Considered under this Schedule (a-b) 0 0 0
d) 0
e) Less:-Imports (Direct imports) 0
f) Less:-Imports (High seas purchases) 0g) Less:-Inter-State purchases 0h) Less:-Inter-State Branch Transfers/ Consignment Transfers received 0
i) 0
j) 0
k) 0
l) 0
m) 0
n) 0
o) 0 0 0
4) Tax rate wise break-up of Purchases from registered dealers eligible for set-off as per Box 3(o) aboveRate of Tax % As per Returns As per Audit
Tax Amount (Rs.)
1 2 3 4 5 6 7a) 0
b) 0
c) 0d) 0e) 0f) 0g) 0h) 0i) 0j) 0
TOTAL 0 0 0 0 0
5) Computation of Set-off claimed for the period under auditS no Particulars As per Return As per Audit
As per Returns (Rs.)
Total Turn-Over of Purchases including taxes, value of Branch Transfers / consignment transfers received and Labour/ job work charges.
Less:-Value of Goods Return (inclusive of tax), including reduction of purchase price on account of rate difference and discount.
Less:-Within the State Branch Transfers / Consignment Transfers received where tax is to be paid by an Agent
Less:-Within the State purchases of taxable goods from un-registered dealers
Less:-Purchases of the taxable goods from registered dealers under MVAT Act, 2002 and which are not eligible for set-off
Less:-Within the State purchases of taxable goods which are fully exempted from tax u/s 8 but not covered under section 8(1)
Less:-Within the State purchases of tax-free goods specified in Schedule “A"
Less:-Other allowable deductions /reductions, if any. (Please Specify)
Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off (c) - (d+e+f+g+h+i+j+k+l+m+n)
Net Turn-Over of Purchases
Eligible for Set -Off (Rs.)
Net Turn-Over of Purchases
Eligible for Set -Off (Rs.)
Tax Amount (Rs.)
Difference in Tax amount
Difference in Tax amount
A B C D E F G
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
tera Confidential 04/07/2023 Page 19
21:06:1804/07/2023341
S no Particulars
Tax Amount Tax Amount
a) 0 0 0 0 0
b) 0
0
c) 0
d) 0 0 0 0 0
Computation of Tax Payable
Sno Particulars Difference
6A) Aggregate of credit available for the period covered covered under audit1 2 3 4 5a) Set off available as per Box 5 (d) 0 0 0b) Amount already paid (Details as Per ANNEXURE-A) 0c) 0
d) 0
e) 0
f) Any other (Please Specify) 0
g) Total Available Credit (a+b+c+d+e+f) 0 0 06B) Sales tax payable and adjustment of CST / ET payable against available credit a) Sales Tax Payable as per Box 2 0 0 0b) Interest Payable under Section 30 (2) 0c) 0
d) 0
e) 0
f) Excess credit carried forward to subsequent tax period 0
g) 0 0 0
Total Amount 0 0 06C) Tax payable or Amount of Refund Available
Difference in Tax amount
Purchase Value Rs.
Purchase Value Rs.
Within the State purchases of taxable goods from registered dealers eligible for set-off as per Box 4 above
Less: - Reduction in the amount of Set-off u/r 53 (1) of the corresponding purchase price of (Schedule C, D & E) the goods
Less: - Reduction in the amount of Set-off u/r 53 (2) of the of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of Set-off under any other Sub-rule of 53
Amount of Set-off available (a) - (c+b)
6)
As per Return (Rs.)
As per Audit (Rs.)
Excess Credit if any, as per Schedule II, III, IV, or V to be adjusted against the liability as per this Schedule
Adjustment of ET paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/ Motor Vehicle Entry Tax Act, 1987
Amount Credited as per Refund adjustment order (Details As Per ANNEXURE-A))
Excess Credit as per this Schedule adjusted on account of M.VAT payable, if any, as per Schedule II, III, IV or V
Adjustment on account of CST payable as per Schedule VI for the period under Audit
Adjustment on account of ET payable under the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/Motor Vehicle Entry Tax Act, 1987
Amount of Sales Tax Collected in Excess of the amount of Sales Tax payable, if any, As per Box 2A
A B C D E F G
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
tera Confidential 04/07/2023 Page 20
21:06:1804/07/2023341
1 2 3 4 5a) Total Amount payable as per Box 6B(g) 0 0 0b) Aggregate of Credit Available as per Box 6A(g) 0 0 0c) Total Amount Payable (a-b) 0 0 0d) Total Amount Refundable (b-a) 0 0 0
Validate Schedule1
A B C D E F G
98
99
100
101
102
103
104
105
106
107
108
109
Page 21 SCHEDULE 2
341 - 04/07/2023 - 21:06:18
AUDIT REPORT
Applicable
TIN PERIOD TO
Computation of Net Turn-Over of Sales liable to Composition
Particulars As per Return As per Audit Difference
(Rs.) (Rs.) (Rs.)1 2 3 4 51) 0
2) 0
3) 0 0 0
4) RETAILER a) Total Turn-Over of Sales 0
b) 0
c) 0
d) 0 0 0
5) RESTAURANT, CLUB, CATERER ETCa) Total Turn-Over of Sales 06) BAKER a) Total Turn-over of Sales 07) SECOND HAND MOTOR VEHICLES DEALER a) Total Turn-Over of Sales 0b) Less: Allowable deductions 0c) 0 0 0
8) 0 0 0
9) Computation of Tax Payable under the MVAT ActS.No As per Returns As per Audit Difference in Tax Amount (Rs.)
TOTAL 0 0 0 0 010) Computation of Purchases Eligible for Set-off
Particulars As per Returns As per Audit Difference
PART-3 SCHEDULE-II
Sr. No.
Gross Turn-Over of Sales, including taxes as well as Turn-over of Non-Sales Transactions like Value of Branch Transfers/ Consignment Transfers and job work charges
Less: - Turn-Over of Sales (including taxes thereon) including inter-state Consignments and Branch Transfers Covered under Schedule I, III, IV or V
Balance:- Turn-Over Considered under this Schedule (1-2)
Less:-Turn-Over of sales of goods excluded from the Composition Scheme
Less:-Other allowable deductions such as Goods Returns etc.
Balance: Net Turn-Over of sales liable to tax under Composition Scheme (a ) – (b+c)
Balance: Net Turn-Over of sales liable to tax under composition option (a – b)
Total Turn-Over of Sales liable to tax under composition option [4(d) +5(a) +6(a) +7(c)]
11) Tax rate wise break-up of Purchases from registered dealers eligible for set-off as per Box 10(o) aboveS.No As per Returns As per Audit Difference in Tax Amount (Rs.)
1 2 3 4 5 6 7a) 0b) 0c) 0d) 0e) 0f) 0g) 0h) 0
TOTAL 0 0 0 0 012) Computation of set-off claimed for the period under audit
SNO Particulars As per Return As per Audit
Tax Amount Tax Amount
a) 0 0 0 0 0
Total Turn-Over of purchases including taxes, value of Branch Transfers, Consignment Transfers received and Labour/ job work charges
Less:-Turn-Over of Purchases covered under Schedule I, III, IV or V
Balance:-Turn-Over of Purchases considered under this Schedule (a-b)
Less:-Value of Goods Return (inclusive of tax), including reduction of purchase price on account of rate difference and discount.
Less:-Inter-State Branch Transfers, Consignment Transfers receivedLess:-Within the State Branch Transfers, Consignment Transfers received where tax is to be paid by an Agent
Less: - Within the State purchases of taxable goods from un-registered dealers
Less:-Purchases of taxable goods from registered dealers under MVAT Act, and which are not eligible for set-off
Less:-Within the State purchases of taxable goods fully exempted from tax u/s 8 other than purchases under section 8(1)
Less:-Within the State purchases of tax-free goods specified in schedule “A”
Less:-Other allowable deductions, if any (Please Specify)
Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off [c]-[d+e+f+g+h+i+j+k+l+m+n]
Rate of Tax (%) Net Turn-Over of Purchases Eligible
for Set –Off (Rs.)Tax Amount
(Rs.)Net Turn-Over
of Purchases Eligible for Set –
Off (Rs.)
Tax Amount (Rs.)
Difference in Tax Amount
(Rs.)Purchase Value Rs.
Purchase Value Rs.
Within the State purchases of taxable goods from registered dealers eligible for set-off as per Box 11 above
A B C D E F G H
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
Page 23 SCHEDULE 2
341 - 04/07/2023 - 21:06:18
b) 0
0
c 0
d) Total 0 0 0 0 0
13) Computation of Tax Payable SNO Particulars As per Return (Rs.) As per Audit (Rs.) Difference (Rs.)
13A) Aggregate of credit available for the period covered under this form 704
a) Set-off available as per Box 12 (d) 0 0 0b) Amount already paid (Details to entered in Annexure-(A) 0
c) 0
d) 0
e) 0
f) 0
g) Total Available Credit (a+b+c+d+e+f) 0 0 013B) Sales tax payable and adjustment of CST / ET payable against available credit
a) Sales Tax Payable as per Box 9 0 0 0b) 0
c) 0
d) 0
e) Excess credit carried forward to subsequent tax period 0
f) 0
g) Interest Payable under Section 30 (2) 0h) Total Amount. 0 0 0
13C) Tax payable or Amount of Refund Available
a) Total Amount payable as per Box 13B(g) 0 0 0b) Aggregate of Credit Available as per Box 13A(g) 0 0 0c) Total Amount Payable (a-b) 0 0 0d) Total Amount Refundable (b-a) 0 0 0
Less: - Reduction in the amount of set off u/r 53 (1) of the corresponding purchase price of (Schedule C, D & E) the goods
Less: - Reduction in the amount of set off u/r 53 (2) of the of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of set off under any other Sub-rule of 53
Excess Credit if any, as per Schedule I, III, IV, or V to be adjusted against the liability as per this Schedule
Adjustment of ET paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/ Motor Vehicle Entry Tax Act, 1987
Amount Credited as per Refund adjustment order Details as per Annexure-(A)
Any other (Please Specify)
Excess Credit as per this Schedule adjusted on account of M.VAT payable, if any, as per Schedule I, III, IV or V
Adjustment on account of CST payable as per Schedule VI for the period under Audit
Adjustment on account of ET payable under the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/Motor Vehicle Entry Tax Act, 1987
Amount of Sales Tax Collected in Excess of the amount of Sales Tax payable, if any (As per Box 6A)
A B C D E F G H
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
AUDIT REPORT
Applicable
TIN PERIOD TO
PART-A: - 1) Computation of Net Turnover of Sales liable to tax: Sr. No. Particulars
1 2 3 4 5a) 0
b) 0
c) Balance:- Turn-Over Considered under this Schedule (a-b) 0 0 0d) 0
e) 0 0 0
f) 0
g) 0
h) 0
i) 0 0 0
j) 0
k) 0
l) 0
m) 0
n) 0
o) Less:-Amount paid by way of price for sub-contract 0
p) Less:-Sales of tax-free goods specified in Schedule A 0
PART-3 SCHEDULE-III
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
Gross turnover of sales including, taxes as well as turnover of non sales transactions like value of Branch Transfer, Consignment Transfers, job work charges etc
Less: - Turn-Over of Sales (including taxes thereon) including inter-state Consignments and Branch Transfers Covered under Schedule I, II, IV or V
Less:-Value of Goods Return (inclusive of tax), including reduction of sales price on account of rate difference and discount.
Balance: -Turnover of sales including, taxes as well as turnover of non sales transactions like value of Branch Transfer, Consignment Transfers, job work charges etc [(c)-(d)]
Less:-Turnover of sales under composition scheme(s), other than Works Contracts under composition option (Computation of turnover of sales liable to tax to be shown in Part B)
Less:-Turnover of sales (excluding taxes) relating to on-going works contracts (Computation of turnover of sales liable to tax to be shown in Part C)
Less:-Turnover of sales (excluding taxes) relating to on-going leasing contracts (Computation of turnover of sales liable to tax to be shown in Part D)
Balance:- Net turnover of sales including, taxes, as well as turnover of non sales transactions like Branch Transfers / Consignment Transfers and job works charges, etc [ (e) – (f+g+h)]
Less:-Net Tax amount (Tax included in sales shown in (a) above less Tax included in (b) above)
Less:-Value of Branch Transfers/ Consignment Transfers within the State if the tax is to be paid by the Agent.
Less:-Sales u/s 8 (1) i.e. Interstate Sales including Central Sales Tax, Sales in the course of imports, exports and value of Branch Transfers/ Consignment transfers outside the State (Schedule-VI)
Less:-Sales of taxable goods fully exempted u/s. 8 other than sales under section 8(1) and covered in Box 1(l)
Less:-Non-taxable Labour and other charges / expenses for Execution of Works Contract
A B C D E F G
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
q) Less:- Labour/Job work charges 0r) 0
s) 0 0 0
PART-B :-2)Computation of Net Turnover of Sales liable to tax under Composition:
Sr. No. Particulars
1 2 3 4 5A) 0 0 0
B) RETAILERa) Total Turnover of Sales 0b) 0
c) Less:-Allowable deductions such as Goods Return etc. 0
d) 0 0 0
C) RESTAURANT , CLUB, CATERER ETC.a) Total turnover of sales 0D) BAKERa) Total turnover of sales 0E) SECOND HAND MOTOR VEHICLES DEALER a) Total turnover of sales 0b) Less: Allowable reductions / deductions 0c) 0 0 0
F) 0 0 0
PART-C3)
Particulars
1 2 3 4 5a) 0 0 0
b) Less:-Turnover of sales exempted from tax 0c) 0d) 0e) 0 0 0
PART-D 4)
Particulars
1 2 3 4 5
Other allowable reductions / deductions, if any (Please specify)
Total:- Net Turnover of Sales Liable to tax [(i) - (j+k+l+m+ n+o+p+q+r)]
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
Turnover of sales (excluding taxes) under composition scheme(s) [Same as 1(f)]
Less:-Turnover of sales of goods excluded from the Composition Scheme
Balance: Net turnover of sales liable to tax under composition option [ (a) – (b+c)]
Balance: Net turnover of sales liable to tax under composition option (a – b)
Total net turnover of sales liable to tax under composition option [2(B)(d)+2(C ) (a)+2(D)(a)+2(E)(c )]
Computation of net turnover of sales relating to on-going works contracts liable to tax under section 96(1)(g) the MVAT Act, 2002: Reduction of set-off on corresponding purchases to be shown in Box 1 (g)
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
Turnover of sales (excluding tax / composition) during the period [Same as Box 1(g)]
Less:-Deductions u/s 6 of the ‘Earlier Law’Less:-Deductions u/s 6(A) of the ‘Earlier Law’ Balance: Net turnover of sales liable to tax / composition [(a)] –[ (b+c+d)]
Computation of net turnover of sales relating to on-going leasing contracts liable to tax under Section 96(1) (f) of the MVAT Act, 2002:
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
A B C D E F G
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
a) 0 0 0
b) 0c) Balance: Net turnover of sales liable to tax (a –b) 0 0 05) Computation of tax payable under the MVAT Act
5A) Sales Tax collected in Excess of the Amount Tax payable 06) Computation of Purchases Eligible for Set-off
Sno Particulars
1 2 3 4 5a) 0
b) 0
c) 0 0 0
d) 0
e) 0f) 0g) 0h) 0
i) 0
j) 0
k) 0
l) 0
Turnover of sales (excluding taxes) Relating to On-going Leasing Contract [same as Box 1(h)]
Less: Turnover of sales exempted from tax
Difference (Rs.)
Turnover of sales liable to
tax
Tax Amount (Rs.)
Turnover of sales liable to tax
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
Total Turn-Over of Purchases including taxes, value of Branch Transfers / consignment transfers received and Labour/ job work charges.
Less:- Turn-Over of Purchases Covered under Schedule I, II, IV or V
Balance:- Turn-Over of Purchases Considered under this Schedule (a-b)
Less:-Value of Goods Return (inclusive of tax), including reduction of purchase price on account of rate difference and discount.
Less:-Imports (Direct imports)Less:-Imports (High seas purchases) Less:-Inter-State purchasesLess:-Inter-State Branch Transfers/ Consignment Transfers received
Less:-Within the State Branch Transfers / Consignment Transfers received where tax is to be paid by an Agent
Less:-Within the State purchases of taxable goods from un-registered dealers
Less:-Purchases of the taxable goods from registered dealers under MVAT Act, 2002 and which are not eligible for set-off
Less:-Within the State purchases of taxable goods which are fully exempted from tax u/s 8 but not covered under section 8(1)
A B C D E F G
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
m) 0
n) 0
o) 0 0 0
7) Tax rate wise break-up of Purchases from registered dealers eligible for set-off as per Box 6(o) above
S.No Rate of Tax As per Returns As per Audit
(%) Tax Amount (Rs.)
a) 0b) 0c) 0d) 0e) 0f) 0g) 0h) 0i) 0j) 0
0 0 0 0 0
8) Computation of set-off claim
S.NO Particulars As per Returns As per Audit
Tax Amount Tax Amount
a) 0 0 0 0 0
b) 0
0
c) 0
Less:- Within the State purchases of tax-free goods specified in Schedule A
Less:-Other allowable deductions /reductions, if any. (Please Specify)
Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off (c) – (d+e+f+g+h+i+ j+k+l+m+n)
Difference (Rs.)
Net Turnover of Purchases
Eligible for Set –Off (Rs.)
Tax Amount (Rs.)
Net Turnover of Purchases Eligible for Set –Off (Rs.)
TOTAL
Difference in Tax Amount
(Rs.)Purchase Value
Rs.Purchase Value
Rs.
Within the State purchases of taxable goods from registered dealers eligible for set-off as per Box 7 above
Less: - Reduction in the amount of set off u/r 53 (1) of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of set off u/r 53 (2) of the of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of set off under any other Sub-rule of rule 53
A B C D E F G
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
d) 0 0 0 0 0
9) Computation of Tax Payable
SNO Particulars
1 2 3 4 59A) Aggregate of credit available
a) 0 0 0b) 0c) 0
d) 0
e) 0
f) Any other (Please Specify) 0
g) Total Available Credit (a+b+c+d+e+f) 0 0 0B) Sales tax payable and adjustment of CST / ET payable against available credit 1 2 3 4 5a) 0 0 0b) 0
c) 0
d) 0
e) Excess credit carried forward to subsequent tax period 0
f) 0 0 0
g) Interest Payable under Section 30 (2) 0h) Total Amount.(a+b+c+d+e+f+g) 0 0 0
9C) Tax payable or Amount of Refund Available
a) Total Amount payable as per Box 9B(g) 0 0 0b) 0 0 0c) Total Amount Payable (a-b) 0 0 0d) Total Amount Refundable (b-a) 0 0 0
Amount of Set-off available (a) – (c+b)
As per Return (Rs.)
As per Audit (Rs.)
Difference (Rs.)
Set off available as per Box 8 (d)Amount already paid (Details As Per ANNEXURE-A)Excess Credit if any, as per Schedule I, II, IV, or V to be adjusted against the liability as per this Schedule
Adjustment of ET paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/ Motor Vehicle Entry Tax Act, 1987
Amount Credited as per Refund adjustment order (Details As Per ANNEXURE-A)
Sales Tax Payable as per Box 5Excess Credit as per this Schedule adjusted on account of M.VAT payable, if any, as per Schedule I, II, IV or V
Adjustment on account of CST payable as per Schedule VI for the period under Audit
Adjustment on account of ET payable under the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/Motor Vehicle Entry Tax Act, 1987
Amount of Sales Tax Collected in Excess of the amount of Sales Tax payable, if any (As per Box 5A)
Aggregate of Credit Available as per Box 9A(g)
A B C D E F G
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
AUDIT REPORT
Applicable
TIN PERIOD TO
1) Eligibility Certificate (EC) No. Certificate of Entitlement (COE) No.
a)
b)
c)
Please Select whichever is applicable 2) Mode of incentive
3) Type of Unit New Unit
4) Computation of Net Turnover of Sales liable to tax Particulars As per Return As per Audit Difference
1 2 3 4 5a) 0
b) 0
c) 0 0 0
d) 0
e) 0
f) 0
g) 0
h) Less: - Sales of tax-free goods specified in Schedule A 0
i) 0
j) 0
k) Less:-Job/Labour work charges 0
l) 0
m) 0 0 0
5) Computation of Sales tax payable under the MVAT Act
I Turn-Over of Sales eligible for incentive (Deferment of Tax)
PART-3 SCHEDULE-IV
Exemption from tax
Deferment of tax payable
Expansion Unit
Gross turnover of sales including, taxes as well as turnover of non sales transactions like value of Branch Transfers, Consignment transfers and job work charges etc.
Less: - Turn-Over of Sales (including taxes thereon) including inter-state Consignments and Branch Transfers Covered under Schedule I, II, III or V
Balance:- Turn-Over Considered under this Schedule (a-b)
Less:-Value of Goods Return (inclusive of tax), including reduction of sale price on account of rate difference and discount.
Less:-Net Tax amount (Tax included in sales shown in (c) above less Tax included in (d) above)
Less:-Value of Branch Transfers / Consignment Transfers within the State if is to be paid by the Agent.
Less:-Sales u/s 8 (1) i.e. Interstate Sales including Central Sales Tax, Sales in the course of imports, exports and value of Branch Transfers/ Consignment transfers outside the State
Less:-Sales of taxable goods fully exempted u/s. 8(4) [other than sales under section 8 (1) and shown in Box 8(g)]
Less:-Sales of taxable goods fully exempted u/s. 8 [other than sales under section 8(1) and 8 (4) and shown in Box 4(g)]
Less:-Other allowable reductions/deductions, if any
Balance Net Turnover of Sales liable to tax [c] –[d+e+f+g+h+i+j+k]
12D) Calculation of Deferment of Benefits Under-rule 81.
Particulars As per Returns As per Audit
Opening balance of the monitory ceiling at the beginning of the period for which the schedule is filed
Less: Amount of CQB / Tax deferment for the period of this schedule as per Box 11 C or 11-D (c), as the case may be
Less:-Benefit of Luxury Tax claimed for TIS-99 under Luxury Tax Act, 1987 for this period.
Closing balance of the monitory ceiling at the end of the period for which schedule is filed. [( b) - (c+d+e)]
Eligibility Period
Sr. No.
Difference in CQB
Amount (Rs.)
Turnover of Sales Eligible Goods liable to Tax (Rs.)
CQB Amount (Rs.)
Turnover of Sales Eligible Goods liable to Tax (Rs.)
Sr No
Difference in CQB Amount (Rs.)
Turnover of Sales Eligible Goods liable to Tax (Rs.)
CQB Amount (Rs.)
Turnover of Sales Eligible Goods liable to Tax (Rs.)
CQB Amount (Rs.)
Sr. No.
Difference in Amount (Rs.) (Deferrable)
A B C D E F G H I J
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
Particulars
1 2 3 4 5 6 7a) 0
b) 0
c) 0 0 0 0 0
12E) Status of CQB u/r 78 / Tax deferment u/r 81
Particulars As per Return As per Audit Difference
a) Sanctioned monetary ceiling 0
b) 0
c) 0
d) Less: Amount of Refund claimed as per Rule 79 (2) 0
e) 0
f) 0 0 0
Sr. No.
Difference in Amount (Rs.) (Deferrable)
Turnover of Sales of Eligible Goods liable to Tax (Rs.)
Amount (Rs.) (Deferrable)
Turnover of Sales of
Eligible Goods liable to Tax
(Rs.)
Amount (Rs.) (Deferrable)
Amount of MVAT payable
Amount of CST payable
Total Amount of Tax Deferred
Sr. No.
Opening balance of the monitory ceiling at the beginning of the period for which the return is filed
Less: Amount of CQB / Tax deferment for the period of this return as per Box 12 C or 12-D (c), as the case may be
Less:-Benefit of Luxury Tax claimed under TIS under Luxury Tax Act, 1987 for this period.
Closing balance of the monitory ceiling at the end of the period for which return is filed. [( b) - (c+d+e)]
A B C D E F G H I J
247
248
249
250
251
252
253
254
255
256
257
258
259
AUDIT REPORT
Applicable
TIN PERIOD TO
1 Computation of Net Turnover of Sales liable to tax
Sno Particulars
1 2 3 4 5
a) 0
b) 0
c) Balance:- Turn-Over Considered under this Schedule (a-b) 0 0 0
d) 0
e) 0
f) 0
g) 0
h) 0
i) 0
j) 0
k) 0
l) 0 0 0
2) Computation of tax payable under the MVAT Act
Sno Sch. Entry No. As Per Returns As Per Audit Difference
Tax Amount Tax Amount
PART-3 SCHEDULE-V
As per Return Amount (Rs.)
As per Audit Amount (Rs.)
Difference Amount (Rs.)
Gross Turnover of Sales including, taxes as well as turnover of non sales transactions like value of Branch Transfer, Consignment Transfers, job work charges etc
Less:- Turn-Over of Sales (including taxes thereon) including inter-state Consignments and Branch Transfers Covered under Schedule I, II, III, or IV
Less:-Value of Goods Return (inclusive of tax), including reduction of sale price on account of rate difference and discount.
Less:-Net Tax amount (Tax included in sales shown in (c) above less Tax included in (d) above)
Less:-Value Consignment Transfers within the State if is to be paid by the Agent.
Less:-Sales u/s 8 (1) i.e. Interstate Sales including Central Sales Tax, Sales in the course of imports, exports and value of Branch Transfers/ Consignment transfers outside the State
Less: - Sales of tax-free goods specified in Schedule A
Less:-Sales of taxable goods fully exempted u/s. 8(1) [other than sales under section 8 (1) and shown in Box 1(g)] and 41 (4)
Less:-Job/Labour work charges
Less:-Other allowable reductions/ deductions, if any (Please specify)
Balance Net Turn-Over of sales liable to tax [c] – [d+e+f+g+h+i+j+k]
4) Tax rate wise break-up of Purchases from registered dealers eligible for set-off as per Box 7(o) above
Sno Rate of Tax (%) As per Returns As per Audit Difference
a) 0b) 0c) 0d) 0e) 0
TOTAL 0 0 0 0 05) Computation of set-off claimed in this return
S No Particulars As per Return As per Audit Difference
Tax Amount Tax Amount
Balance:- Turn-Over of Purchases Considered under this Schedule (a-b)
Less:-Value of Goods Return (inclusive of tax), including reduction of purchase price on account of rate difference and discount.
Less:-Inter-State Branch Transfers/ Consignment Transfers received
Less:-Within the State Branch Transfers / Consignment Transfers received where tax is to be paid by an Agent
Less:-Within the State purchases of taxable goods from un-registered dealers.
Less:-Purchases of the taxable goods from registered dealers under MVAT Act, 2002 and which are not eligible for set-off
Less:-Within the State purchases of taxable goods which are fully exempted from tax u/s 8 [other than covered under section 8(1)] and 41(4)
Less:-Within the State purchases of tax-free goods specified in Schedule “A”
Less:-Other allowable deductions /reductions, if any. (Please Specify)
Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off
Net Turnover of Purchases Eligible for
Set –Off (Rs.)
Tax Amount (Rs.)
Net Turnover of Purchases
Eligible for Set –Off (Rs.)
Tax Amount (Rs.)
Purchase Value Rs.
Purchase Value Rs.
A B C D E F G H
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
a) 0 0 0 0 0
b) 0
0
c) 0
d) 0 0 0 0 0
6) Computation of Sales Tax Payable
Sno Particulars As per Audit (Rs.) Difference (Rs.)
1 2 3 4 56A) Aggregate of credit available for the period covered under this return.
a) 0 0 0
b) 0
c) 0
d) 0
e) 0
f) 0
Within the State purchases of taxable goods from registered dealers eligible for set-off as Less: - Reduction in the amount of set off u/r 53 (1) of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of set off u/r 53 (2) of the of the corresponding purchase price of (Schedule B, C, D & E) the goods
Less: - Reduction in the amount of set off under any other Sub-rule of 53
Amount of Set-off available (a) – (c+b)
As per Returns (Rs.)
Set off available as per Box 5 (e)
Amount already paid (Details to entered in Annexure-A)
Excess Credit if any, as per Schedule I, II, III, or IV to be adjusted against the liability as per this Schedule
Adjustment of ET paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/ Motor Vehicle Entry Tax Act, 1987
Amount Credited as per Refund adjustment order (Details to be entered (Details to entered in Annexure-A)
Any other (Please Specify)
A B C D E F G H
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
g) Total Available Credit (a+b+c+d+e+f) 0 0 0
6B) Sales tax payable and adjustment of CST / ET payable against available credit
a) Sales Tax Payable as per Box 2 0 0 0b) 0
c) 0
d) 0
e) 0
f) 0 0 0
g) Interest Payable under Section 30 (2) 0
h) Total Amount.(a+b+c+d+e+f+g) 0 0 0
6C) Tax payable or Amount of Refund Available
a) Total Amount payable as per Box 6B(g) 0 0 0b) 0 0 0
c) Total Amount Payable (a-b) 0 0 0d) Total Amount Refundable (b-a) 0 0 0
Excess Credit as per this Schedule adjusted on account of M.VAT payable, if any, as per Schedule I, II, III, or IV
Adjustment on account of CST payable as per Schedule VI for the period under Audit
Adjustment on account of ET payable under the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/Motor Vehicle Entry Tax Act, 1987
Excess credit carried forward to subsequent tax period
Amount of Sales Tax Collected in Excess of the amount of Sales Tax payable, if any as per Box 2A
Aggregate of Credit Available as per Box 6A(g)
Validate Schedule5
A B C D E F G H
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
AUDIT REPORT
Applicable
TIN PERIOD TO
Computation of tax liability under CST Act.Particulars
1 2 3 41 Gross Turnover of Sales
a) Less:-Turnover of Sales within the State
b) Less:-Turnover of inter-State sales u/s 6(3)
c) Less:-Value of goods returned within six months u/s 8 A(1)(b)
d) Less:-Turnover of Sales of Goods outside the State
e) Less:-Sales of the goods in the course of Export out of India
f) Less:-Sales of the goods in the course of Import into India
g) Less:-Value of goods transferred u/s 6A(1) of C.S.T. Act 1957
h)
2 0 0
a) Less:-Cost of freight , delivery or installation , if separately charged
b) Less:-Turnover of inter-State sales on which no tax is payable
Details of the Amount Paid along with returns and or Chalan corresponding to Schedule VI ForCST Act,1956
Original Return
Due Date of
Payment
Type of return
(Original or
Revised)
Amount of tax paid
Date of payment
Amount of interest on
delayed payment
Amount of interest paid
41 #VALUE!42 #VALUE!43 #VALUE!44 #VALUE!45 #VALUE!46 #VALUE!47 #VALUE!48 #VALUE!49 #VALUE!50 Total of remaining payments
TOTAL 0 #VALUE! 0Details of RAO
Enter Value wise Top 14 Separately and put Total of Remaining in15th rowSr. No. RAO No. Date of RAO
123456789
101112131415 Total of Remaining RAOs
TOTAL 0
Amount Adjusted (Rs.)
ANNEXURE CTIN Period To
Enter value wise Top 99 Separately and put Total of Remaining in 100th rowDetails of Tax Deducted at Source (TDS) certificates received corresponding to item (vi) (c ) of Table No.-2 of Part-1.
Enter value wise Top 99 Separately and put Total of Remaining in 100th rowDetails of Tax Deducted at Source (TDS) certificates received corresponding to item (vi) (c ) of Table No.-2 of Part-1.
Amount of TDS as per certificate.
0
ANNEXURE-DTIN Period To
Details of Tax Deducted at Source (TDS) certificates issued.Enter value wise Top 499 Separately and put Total of Remaining in 500th row
Details of Tax Deducted at Source (TDS) certificates issued.Enter value wise Top 499 Separately and put Total of Remaining in 500th row
Amount paid (Rs.)
0
ANNEXURE-ETIN Period To
Computation Of Set-Off Claim On The Basis Of Tax Paid Purchases Effected From Registered Dealers.
Sr. No. Net Purchase Value Tax Amount Total paid Gross Total (d+e)
a b c d e f g1 0 02 0 03 0 04 0 05 0 06 0 07 0 08 0 09 0 0
Total 0 0 0 0 0SECTION-2:-Details of Tax paid purchases on which Set-off is not admissible U/R 54 (Out of Section-1)Sr. No. Particulars Net Purchase Value Tax Amount Gross Total (d+e)
a b c d e f1 54 (a) 0
2 54 (b) Motor Spirit 03 54 (c) 0
4 54 (d) 0
5 54 (e) 0
6 54 (f) 0
7 54 (g) 0
8 54 (h) 0
SECTION-1:-Total tax paid purchases effected from the Local Supplier during the period under Audit (including Capital assets)
Particulars/ Tax Rate (%)
Quantity (in case of petrolium products ) in Litres
Sub Rule
under which
the set-
Passenger Vehicles & Parts
Crude oil Used for Refinng
Dealer Principally engaged in job work
Purchases by PSI Dealer
Intangible Goods [Not eligible]
Works contract results in immovable property other than plant and machineryErrection of immovable property other than plant and machinery
9 54 (i) 0
10 54 (j) 0
11 54 (k) 0
Total 0 0 0SECTION-3:-Details of Tax paid purchases of Capital Assets on which full set-off is available (Out of Section-1)
Sr. No. Tax Rate (%) Net Purchase Value Tax Amount Gross Total (c+d)
a b c d e1 02 03 04 05 06 07 08 09 0
Total 0 0 0SECTION-4:-Details of Tax paid purchases on which set-off is admissible after reduction under rule 53.
Sr. No. Particulars Net Purchases value Tax Total (d+e)
Remaining local transactions total of Debit/Credit notes Where tax is collected seperately by supplier(not covered above)
Debit/Credit note in case of Local Purchase to Non Tin Holders
502
503 Gross Total 0 0
Gross Local Purchase of Debit/Credit notes wher tax is not collected seperately
* Note – The details in respect of Credit Notes / Debit Notes to be submitted only when there is variation in purchase price in respect of goods purchased.
Validate Annexure J sec4
ANNEXURE –J(Section 4)
SUPPLIER WISE DEBIT NOTE OR CREDIT NOTE
B. . List of SUPPLIER WISE CREDIT NOTES / DEBIT NOTE on which VAT is charged separately
500000000000000000000000000000
Enter Vat amount wise Top 499 Separately in descending order and put Total of Remaining in 500th
Gross Amount Rs.
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
0000000000000000000000000000000000000000
000000000000000000000000000000
0
0
0
0* Note – The details in respect of Credit Notes / Debit Notes to be submitted only when there is variation
in purchase price in respect of goods purchased.
ANNEXURE –J(Section 5)
TIN Period
Enter Gross Total wise Top 199 Separately in descending order and put Total of Remaining in 200th row
Sr.No Name of Customer Gross Total Rs.
1 2 3 4 5123456789
1011121314151617181920212223242526272829
CUSTOMER WISE TRANSACTIONS OF DIRECT EXPORT AND HIGHSEAS SALES UNDER CST ACT,1956
Enter Gross amount wise Top 999 Separately in descending order and put Total of Remaining in 1000th row
6
Gross Amount Rs.
0
ANNEXURE-K
Determination of Gross Turnover of Sales and Purchases along with reconciliation with Profit and Loss Account, Trial Balance/ Sales and Purchase register.
COMMISSIONER OF SALES TAX,MAHARASHTRA STATE.
Vikrikar Bhavan, Mazgaon, Mumbai-400 010
Dated: the-------------- , 2009.
NOTIFICATION
MAHARASHTRA VALUE ADDED TAX ACT, 2002.
For the Form-704 appended to the Principal Rules the following Form shall be substituted, namely:-
FORM-704
(See rule 65 and sub-rule (1) and (2) of Rule 17A)
The Audit Report under the Maharashtra Value Added Tax Act, 2002.
INSTRUCTIONS
(Please read the instructions carefully before preparing the report)
Sr. No. Part Particulars
A Part-1
B Part-2 is related to general information about the dealer under audit.
C Part-3 is about the various Schedules and Annexures.
Relevant Schedules applicable, as per type of return:
No.VAT/AMD-1009/IB/Adm-6:-In exercise of the powers conferred by sub-rule (2) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005 (hereinafter referred to as “Principal Rules”), the Commissioner of Sales Tax, Maharashtra State hereby notifies that,-
1. This form is to be used in respect of all accounting periods starting on or after 1st April 2008.2. The Audit Report is to be submitted by all the dealers to whom the provisions of Section 61 of the MVAT Act, 2002 apply. Non-filing of Audit Report within prescribed time is an offence.
3. Only those documents which are required under the Audit report should be enclosed with this report.
4. This Audit report is divided in three parts, which are as under:-
is related to verification and certification, computation of tax liability and recommendations to the dealer.
Sr. Type of Return filed Relevant Schedule
A Form 231 Schedule I
B Form 232 Schedule II
C Form 233 Schedule III
D Form 234 Schedule IV
E Form 235 Schedule V
F Form III E (CST) Schedule VI
G Dealer filing different types of returns (as mentioned in Sr. No.1 to 5 above)
Different combinations of Schedules as applicable depending upon the types of returns filed Schedules as applicable depending upon the types of returns filed.
5. Instructions for filling information in the return(s) remain applicable for respective items of the schedules. If, while filing returns, these instructions have not been followed, it should be ensured that they are followed while preparing the audit report. In other words use schedule as is applicable.
6. Fill the applicable portion of Part 1 A ,Part 1 B and Part 1C. If Part 1 A is filled then Part 1 B and C should not be opted.In case Part 1 B is opted then Part 1 A and Part 1 C should not be opted.In case Part 1 C is opted then Part 1 A and Aprt 1 B should not be opted.If this instruction is not followed then the error message appears as "Please Check and Enter Box Nos 1(A),1(B),1(C)".
7. Negative certification, if any is to be incorporated with reasons, at Sr No a to p, in Para-3 of Part-1 and should correspond to the relevant certificate. Further, the auditor’s remarks are to be included at Para 5 of Part-1 and qualifications having the impact on the tax liability in brief, wherever applicable.
8. Tax liability under the MVAT Act,2002 and CST Act,1956 should be computed respectively in Table 2 and Table 3 of Part 1 .
9. In Table 4 of Part I is for showing amounts of Cumulative Quantum of Benefits ( CQB ) availed. This amount includes amount of CQB on account of refund claimed u/r 79(2) and under the Luxury Tax Act as per Box 10 E, 11E and 12E of Schedule IV.
10. Where dealer is required to maintain the records about the sales, purchases, Imports and Exports under Central Excise Act, 1944, the Customs Act, 1962 or under the State Excise Act in such cases the Auditor should invariably correlate the details of sales, purchases, Imports and Exports disclosed under the said Acts and disclosed under MVAT Act, 2002. Any material difference noticed should be reported at Para 5 of Part-1 accordingly.
11. The Activity Codes are generally used to classify the commodities on the lines of the economic activities. It is published by International Standard Industries Classification. The same activity codes are adopted by the National Industrial Classification. These Activity codes are to be used to fill up the information in Part-2 Table 3. These Activity Codes are available at the Departments Web-site i.e. www.mahavat.gov.in
12. The difference between amount as per returns and amount as per Audit, gets calculated in respective Schedules which are filled by the dealer.
13. In Annexure-A ,details of amount of tax paid as per returns /chalan under MVAT Act and interest paid u/s 30(2) are to be filled. The details of Refund Adjustment Order issued and amount adjusted against the tax payable for the period under Audit are also to be filled in this annexure.
14. In Annexure-B , details of amount of tax paid as per returns /chalan and interest paid under section 9(2A) CST Act are to be filled. The details of Refund Adjustment Order issued and amount adjusted against the tax payable for the period under Audit are also to be filled in this annexure.
15. In Annexure-C details of TDS certificates received by the dealer are to be filled.
16. In Annexure-D details of TDS certificates issued by the dealer are to be filled.
17. In Annexure-E details of purchases on which the set-off is claimed by the dealer are to be filled. The details regarding set-off on capital assets, non admissibility of set-off under Rule 54, reduction of set-off under Rule 53 etc are to be filled in this annexure.
18. In Annexure-F various financial ratios for the period under audit and other information are to be filled in. If a dealer has multi State activities, then the ratios related to gross and net profit may be given for entire business entity and other ratios should be given for within the State activities.
19. Annexure-G Details about Declarations or Certificates received under The CST Act, 1956 is to be filled . TIN of the Customer should be filled in applicable cases.20. In Annexure H details about wanting declarations in form H, in respect of local sales is to be filled.TIN of the customer should be filled in applicable cases.
21. In Annexure I details about wanting declarations under the C.S.T.Act,1956 is to be filled. TIN of the customer should be filled in all the cases.
22. The tax liability as per Annexure H and Annexure I, if any, gets reflected in figure as per Audit in row (xiv) of Table No.-2 and row (xi) of Table-3, Para-4 of Part-1.
23. In Annexure-J dealer-wise information of sales and purchases during the period under Audit is to be filled. It consists of six Sections. Section 1 is for filling in the information of Customer wise sales. Section 2 is for filling in the information of Supplier wise purchases. The values in Annexure J Section 1 and Section 2 must be given after giving effect of Debit & Credit notes. Section 3 is for filling in the information of Customer wise Debit notes and Credit Notes. Section 4 is for filling in the information of Supplier wise Debit notes and Credit Notes. In Section 3 and Section 4 figures with minus sign should be used in case of credit notes and debit notes respectively. Section 5 is for filling the information of Customer wise transactions of Direct Exports and High Seas Sale under the CST Act, 1956. Section 6 is for filling in the information of Supplier wise transactions under the CST Act, 1956.
24. In Annexure-J section 5, dealerwise information is to be filled regarding Direct Export and highseas sale.25. Annexure-J section 6 is provided for details of OMS purchases. In this annexure, dealer wise and transaction type wise information is to be filled.
26. In Annexure-K determination of Gross Turnover of Sales and Purchases along with reconciliation with Profit and Loss Account, Trial Balance/ Sales and Purchase register.
27. A sheet is provided in the beginning by the name "Letter of Submission". It is provided for Dealer's statement regarding submission of the Form-704 and acceptance of Auditor's recommendations. It is to be submitted to the prescribed authority alongwith Acknowledgement of Form-704.
28. In case of Annexure after pressing the button for validation only one error appears at a time. After correcting the same next error appears. Errors in Annexure can be avoided if the rows in which information is to be filled are completely filled.
29. If the dealer has multi-state activities then Trial Balance in relation to the business Activities in Maharashtra should be attached. Wherever prescribed documents are not made available to the auditor or same are insufficient and incomplete then the tax liability is to be computed as per the provisions of law.
30. An Acknowledgment will be generated in case of successful uploading of this Audit Report. It will show the Transaction Id and Date of uploading along with some other fields. The dealer is required to submit a print of this Acknowledgment to the Deputy Commissioner, Desk Audit Cell in case of Mumbai and in case of places other than Mumbai to the Office of The Joint Commissioner of Sales Tax, VAT(ADM).
31. Unless the dealer submits signed Acknowledgment along with required attachments, on or before 10 February 2011, the audit Report even if electronically uploaded on or before 31 January 2011, shall not be deemed to be filed.
32. It is mandatory for the Auditor to visit the principal place of business and the place where major business activities are carried out before the date of furnishing of Audit Report to the dealer.
33. It is mandatory to fill Part I , Part II and the applicable Schedules and Annexure. An option is available at the top right hand corner of each Schedule to choose whether it is applicable. The option is named as "Applicable" and allows option to select "Yes or No". Dealer is mandatory to select "Yes" in case of applicable Schedule and "No" in case of non applicable Schedules . Once a dealer selects the option "No" then he shall not enter any information in the Schedules for which the option selected is "No".
34. The Annexure which are not applicable should be left blank.
35. It is mandatory to fill all the cells of Part I and Part II and Annexure F. In case any field or box is not applicable, ‘0’ (zero) in numerical fields and ‘N.A. in text fields should be entered.
36. In all the Schedules and Annexure it is mandatory to fill applicable rows completely i.e. if one cell in a row is filled then it is mandatory to fill all the cells in that row.
37. Wherever the words “ Please Specify” appear it is necessary to specify the description. For example, in Part I, Cells C 84, C86 of Table 2; C 106 of Table 3 and B 131,B132 of Table 5, it is necessary to mention the description if figures are filled in the corresponding cells.
38. The green and shaded fields are non enterable. The green fields have been given formulas and are auto filled.
39. If Wrong TIN is entered in the form, then it remains RED & BOLD.
40. Most of the fields of Part I are auto filled, once the Annexure and the Schedules are filled. Hence it is advised to fill form 704 in the order. First Annexure A to K then, Schedules I to VI then Part II and then Part I
41. After validating any sheet i.e after the validation button is pressed , the error sheet shows only the errors in that particular sheet. After pressing the validation button in Part I , Errors in entire form are shown .After successfully validating the Part 1, -Rem.txt file will be generated and get saved on Drive ‘C’. The dealer may upload this file after logging on to www.mahavat.gov.in under his login Id and Password for e-Services.
For the Form-704 appended to the Principal Rules the following Form shall be substituted, namely:-
FORM-704
(See rule 65 and sub-rule (1) and (2) of Rule 17A)
The Audit Report under the Maharashtra Value Added Tax Act, 2002.
INSTRUCTIONS
(Please read the instructions carefully before preparing the report)
Particulars
is related to general information about the dealer under audit.
is about the various Schedules and Annexures.
Relevant Schedules applicable, as per type of return:
No.VAT/AMD-1009/IB/Adm-6:-In exercise of the powers conferred by sub-rule (2) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005 (hereinafter referred to as “Principal Rules”), the Commissioner of Sales Tax, Maharashtra
This form is to be used in respect of all accounting periods starting on or after 1st April 2008.The Audit Report is to be submitted by all the dealers to whom the provisions of Section 61 of the MVAT Act, 2002
Only those documents which are required under the Audit report should be enclosed with this report.
is related to verification and certification, computation of tax liability and
Relevant Schedule
Schedule I
Schedule II
Schedule III
Schedule IV
Schedule V
Schedule VI
Different combinations of Schedules as applicable depending upon the types of returns filed Schedules as applicable depending upon the types of returns filed.
5. Instructions for filling information in the return(s) remain applicable for respective items of the schedules. If, while filing returns, these instructions have not been followed, it should be ensured that they are followed while preparing the
6. Fill the applicable portion of Part 1 A ,Part 1 B and Part 1C. If Part 1 A is filled then Part 1 B and C should not be opted.In case Part 1 B is opted then Part 1 A and Part 1 C should not be opted.In case Part 1 C is opted then Part 1 A and Aprt 1 B should not be opted.If this instruction is not followed then the error message appears as "Please Check and Enter
7. Negative certification, if any is to be incorporated with reasons, at Sr No a to p, in Para-3 of Part-1 and should correspond to the relevant certificate. Further, the auditor’s remarks are to be included at Para 5 of Part-1 and qualifications having the impact on the tax liability in brief, wherever applicable.
8. Tax liability under the MVAT Act,2002 and CST Act,1956 should be computed respectively in Table 2 and Table
9. In Table 4 of Part I is for showing amounts of Cumulative Quantum of Benefits ( CQB ) availed. This amount includes amount of CQB on account of refund claimed u/r 79(2) and under the Luxury Tax Act as per Box 10 E, 11E and
10. Where dealer is required to maintain the records about the sales, purchases, Imports and Exports under Central Excise Act, 1944, the Customs Act, 1962 or under the State Excise Act in such cases the Auditor should invariably correlate the details of sales, purchases, Imports and Exports disclosed under the said Acts and disclosed under MVAT Act, 2002. Any material difference noticed should be reported at Para 5 of Part-1 accordingly.
11. The Activity Codes are generally used to classify the commodities on the lines of the economic activities. It is published by International Standard Industries Classification. The same activity codes are adopted by the National Industrial Classification. These Activity codes are to be used to fill up the information in Part-2 Table 3. These Activity Codes are available at the Departments Web-site i.e. www.mahavat.gov.in
12. The difference between amount as per returns and amount as per Audit, gets calculated in respective Schedules
,details of amount of tax paid as per returns /chalan under MVAT Act and interest paid u/s 30(2) are to be filled. The details of Refund Adjustment Order issued and amount adjusted against the tax payable for the period
, details of amount of tax paid as per returns /chalan and interest paid under section 9(2A) CST Act are to be filled. The details of Refund Adjustment Order issued and amount adjusted against the tax payable for the
details of TDS certificates received by the dealer are to be filled.
details of TDS certificates issued by the dealer are to be filled.
details of purchases on which the set-off is claimed by the dealer are to be filled. The details regarding set-off on capital assets, non admissibility of set-off under Rule 54, reduction of set-off under Rule 53 etc are to
various financial ratios for the period under audit and other information are to be filled in. If a dealer has multi State activities, then the ratios related to gross and net profit may be given for entire business entity and
Details about Declarations or Certificates received under The CST Act, 1956 is to be filled . TIN of
details about wanting declarations in form H, in respect of local sales is to be filled.TIN of the
details about wanting declarations under the C.S.T.Act,1956 is to be filled. TIN of the customer
22. The tax liability as per Annexure H and Annexure I, if any, gets reflected in figure as per Audit in row (xiv) of
dealer-wise information of sales and purchases during the period under Audit is to be filled. It is for filling in the information of Customer wise sales. Section 2 is for filling in the
and Section 2 must be given after giving is for filling in the information of Customer wise Debit notes and Credit Notes.
is for filling in the information of Supplier wise Debit notes and Credit Notes. In Section 3 and Section 4 figures respectively. Section 5 is for filling the
information of Customer wise transactions of Direct Exports and High Seas Sale under the CST Act, 1956. Section 6 is for filling in the information of Supplier wise transactions under the CST Act, 1956.
, dealerwise information is to be filled regarding Direct Export and highseas sale.is provided for details of OMS purchases. In this annexure, dealer wise and transaction type
determination of Gross Turnover of Sales and Purchases along with reconciliation with Profit and
27. A sheet is provided in the beginning by the name "Letter of Submission". It is provided for Dealer's statement regarding submission of the Form-704 and acceptance of Auditor's recommendations. It is to be submitted to the
28. In case of Annexure after pressing the button for validation only one error appears at a time. After correcting the same next error appears. Errors in Annexure can be avoided if the rows in which information is to be filled are completely
29. If the dealer has multi-state activities then Trial Balance in relation to the business Activities in Maharashtra should be attached. Wherever prescribed documents are not made available to the auditor or same are insufficient and incomplete
30. An Acknowledgment will be generated in case of successful uploading of this Audit Report. It will show the Transaction Id and Date of uploading along with some other fields. The dealer is required to submit a print of this Acknowledgment to the Deputy Commissioner, Desk Audit Cell in case of Mumbai and in case of places other than
31. Unless the dealer submits signed Acknowledgment along with required attachments, on or before 10 February 2011, the audit Report even if electronically uploaded on or before 31 January 2011, shall not be deemed to be filed.
32. It is mandatory for the Auditor to visit the principal place of business and the place where major business activities
33. It is mandatory to fill Part I , Part II and the applicable Schedules and Annexure. An option is available at the top of each Schedule to choose whether it is applicable. The option is named as "Applicable" and allows
in case of applicable Schedule and "No" in case of shall not enter any information in the Schedules
35. It is mandatory to fill all the cells of Part I and Part II and Annexure F. In case any field or box is not applicable, ‘0’
36. In all the Schedules and Annexure it is mandatory to fill applicable rows completely i.e. if one cell in a row is filled
37. Wherever the words “ Please Specify” appear it is necessary to specify the description. For example, in Part I, Cells C 84, C86 of Table 2; C 106 of Table 3 and B 131,B132 of Table 5, it is necessary to mention the description if figures
38. The green and shaded fields are non enterable. The green fields have been given formulas and are auto filled.
40. Most of the fields of Part I are auto filled, once the Annexure and the Schedules are filled. Hence it is advised to fill form 704 in the order.
First Annexure A to K then, Schedules I to VI then Part II and then Part I
41. After validating any sheet i.e after the validation button is pressed , the error sheet shows only the errors in that particular sheet. After pressing the validation button in Part I , Errors in entire form are shown .After successfully validating the Part 1, -Rem.txt file will be generated and get saved on Drive ‘C’. The dealer may upload this file after logging on to www.mahavat.gov.in under his login Id and Password for e-Services.