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  • Form 402 (see Rule 40 Of The Maharashtra Value Added Tax Rules, 2005) Certificate Of Tax Deduction

Get Form 402 (see Rule 40 Of The Maharashtra Value Added Tax Rules, 2005) Certificate Of Tax Deduction

FORM 402 (See Rule 40 of the Maharashtra Value Added Tax Rules, 2005) Certificate of tax deduction at source to be given to the dealer under sub-section (7) of section 31 of the Maharashtra Value.

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30 Days from service of assessment order, 3 months from the end of the month in which application in Form 316 received from dealer.

As per the provisions of Maharashtra Value Added Tax Act, 2002 (MVAT), a dealer is liable to pay tax on the basis of turnover of sales within the State.

An Act to consolidate and amend the laws relating to the levy and collection of tax on the sale or purchase of certain goods in the State of Maharashtra. . (2) It extends to the whole of the State of Maharashtra. 2[(3) It shall come into force on the 1st April 2005.]

No need of vat audit in Maharashtra if the tax liability is less than 25000/-

Important Aspects of New VAT Audit Form -704 For non filing or late filing of the Audit Report, penalty at the rate of 0.1% of the turnover of sales is also leviable. As explained from beginning, under VAT Act the assessments will be sparing, based on selection criteria.

What is MVAT Audit Turnover Limit FY 2017-18 ? Earlier the Limit for VAT Audit was 100 Lac under section 61 of MVAT Act. Turnover limit of rupees 25 lakh for Audit for first three months of 2017-18 as per the news of MVAT Budget changes.

There is a mandatory VAT registration requirement in Maharashtra for anyone with an annual turnover of over ₹5 lakhs. In addition, VAT registration is mandatory for importers if their annual turnover exceeds ₹1 lakh. VAT, or Value Added Tax, is an indirect tax that replaced Sales Tax in 2005.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232