26 October 2009
I had started a partnership firm. I had registered the firm with Registrations of Firm office, Nagpur. We do software development and web application development.
I want to open an account in the bank. And bank is asking for Sales and excise registration no. Please advise me on how to register the firm with sales tax office.
26 October 2009
Maharashtra Value Added Tax Value Added Tax (VAT) is a modern and progressive form of sales tax. It is charged and collectedby dealers on the price paid by the customer. VAT paid by dealers on their purchases is usuallyavailable for set-off against the VAT collected on sales.
VAT applies to all types of businesses including (1)Importers (2)Manufacturers (3)Distributors(4)Wholesalers (5)Retailers (6)Works Contractors (7)Lessors
Registration Under MVAT Act,2002 For New Dealer the registration is compulsary on exceeding the threshold turnover of limit & also voluntary registration scheme exist for old dealer the registration under BST Act will continue to beregistration under MVAT Act,2002 You must apply within 30 days of becoming liable for registration, that iswhen your turnover first exceeds the thresholds set out in this leaflet or you are liable to register for CentralSales Tax. There is a special form, Application for Registration, form number 101, which you can obtainfrom your local Sales Tax Office
Registration for new dealer Form No. 101 for Registration
Form 101 tells you what to do and what information you must provide. There is also a leaflet,number MVAT 103, to help you complete the form.
Turnover Limit for Registration
Return Filing Chart Rs. 12,000 or less 6 monthly 25 days from end of period More than Rs.12,000 but less than Rs. 1,00,000 Quarterly 25 days from end of quarter Rs. 1,00,000 or more Monthly 20 days from end of January / February and 25 days Retailer opting for composition scheme 6 monthly 25 days from end of period
Due date chart for Payment of Tax Due Date for payment of tax under the MVAT Act, 2002
Forms under MVAT Act, 2002 For Monthly return Form No.201 For Quarterly Form No.202 For 6 Monthly Return Form No.203 For Composition Dealer
Form No.204 Form No.205 Form No.206 Form No.207 Form No.214
Letter of Authority
Consultant Relatives
For Audit Report Form No.704
Rates under MVAT Act, 2002 Schedule Rate Schedule "A" NIL Schedule "B" 1% Schedule "C" 4% Schedule "D" 20% to 40% Schedule "E" 12.5%
Profession Tax Returns :
Every employer registered under this Act shall furnish to the prescribed authority ,a return insuch form, for such periods and by such dates as may be prescribed, showing therein the salariesand wages paid by him and the amount of tax deducted by hi
Every such return shall be accompanied by a treasury challan in proof of payment of fullamount of tax due according to the return, and a return without such proof of payment shall notbe deemed to have been duly filed.
Where an employer has without reasonable cause failed to file such return within the required time, theprescribed authority may, after giving him a reasonable opportunity of being heard, impose upon him apenalty of rupees three hundred per return.
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