TAX HARDCOPY
KC COLLEGE
TOPIC: DEALERS UNDER MVAT ACT, 2002
SYBMS
SEMESTER 4
PRESENTED BY:
MOHAMMAD LUKMANI 31
AISHWARYA LUNIA 32
ALPESH MAJERI 33
RIYA MASHRU 34
AFTAB MERCHANT 35
ACKNOWLEDGEMENT
We would like to thank our professor Ms.Farida Katrak for her invaluable guidance, suggestions and her constant support from the project’s budding stage to its current maturity.
She has always provided a helping hand and shared her valuable technical guidance regarding the project. The smooth completion of the project would not have been possible without her.
We are very thankful to our parents too, who have been very patient and tolerant towards our questions and have provided us with vital knowledge regarding the topic.
INDEX
S.R NO.
PARTICULARS
PAGE NO
REMARK
1
INTRODUCTION ON MVAT,2002
4
2
MERITS AND DEMERITS OF MVAT, 2002
5
3
DEALERS UNDER MVAT, 2002
6
4
INCIDENCE AND LEVY OF TAX
10
5
REGISTRATION
12
6
RATE FOR TAX APPLICABLE TO DEALERS
16
7
FILING OF RETURNS AND PAYMENT OF TAXES
17
8
RETURN FORMS AND PAYMENT OF TAX
19
9
REVISED RETURNS
20
10
TAX INVOICE
26
11
BIBLIOGRAPHY
28
INTRODUCTION ON MVAT
This Act may be called the Maharashtra Value Added Tax Act, 2002. Maharashtra Value Added Tax (Levy and Amendment) Act, 2005.
The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1st April, 2005
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.
Whereas it is expedient 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.
It extends to the whole of the State of Maharashtra.
It has been introduced with effect on 1st April, 2005 but the original bill was passed in the year 2002.
Due to political reasons its implementation was postponed.
Maharashtra value added tax, 2002 is nothing but VAT (value added tax).
It is a form of
TOPIC: DEALERS UNDER MVAT ACT, 2002
SYBMS
SEMESTER 4
PRESENTED BY:
MOHAMMAD LUKMANI 31
AISHWARYA LUNIA 32
ALPESH MAJERI 33
RIYA MASHRU 34
AFTAB MERCHANT 35
ACKNOWLEDGEMENT
We would like to thank our professor Ms.Farida Katrak for her invaluable guidance, suggestions and her constant support from the project’s budding stage to its current maturity.
She has always provided a helping hand and shared her valuable technical guidance regarding the project. The smooth completion of the project would not have been possible without her.
We are very thankful to our parents too, who have been very patient and tolerant towards our questions and have provided us with vital knowledge regarding the topic.
INDEX
S.R NO.
PARTICULARS
PAGE NO
REMARK
1
INTRODUCTION ON MVAT,2002
4
2
MERITS AND DEMERITS OF MVAT, 2002
5
3
DEALERS UNDER MVAT, 2002
6
4
INCIDENCE AND LEVY OF TAX
10
5
REGISTRATION
12
6
RATE FOR TAX APPLICABLE TO DEALERS
16
7
FILING OF RETURNS AND PAYMENT OF TAXES
17
8
RETURN FORMS AND PAYMENT OF TAX
19
9
REVISED RETURNS
20
10
TAX INVOICE
26
11
BIBLIOGRAPHY
28
INTRODUCTION ON MVAT
This Act may be called the Maharashtra Value Added Tax Act, 2002. Maharashtra Value Added Tax (Levy and Amendment) Act, 2005.
The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1st April, 2005
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.
Whereas it is expedient 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.
It extends to the whole of the State of Maharashtra.
It has been introduced with effect on 1st April, 2005 but the original bill was passed in the year 2002.
Due to political reasons its implementation was postponed.
Maharashtra value added tax, 2002 is nothing but VAT (value added tax).
It is a form of
Bibliography: http://www.bcasonline.org/webadmin/subtop/attachedfiles/mvatact.htm www.bms.co.in/what-is-mvat-act/ blogspot.in/2009/07/terminology-of-terms-used-under-mvat.html http://www.caclubindia.com/articles/assessment-refund-under-mvat-act-17782.asp http://www.taap.co.in/index.php?option=com_content&view=article&id=68:welcome&catid=37:mvat&Itemid=45 Some reference from text book V.H. KRISHNADWALLA. College library