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Mvat revised return

Bhavesh (Accounts) (899 Points)

12 February 2014

Hi, CAclubmember, we want to Revised MVAT Return for the F.Y. 2009-2010, where Sales Tax has disallowed, amount of rs.5541/-, mentioned in Annexure-J, Section 1 the same has been paid alongwith interest to the sales tax. now we want to revised the Return can anybody guide me in this case. Also one of the party to whom we have received the C form has mentioned the Invoice dtd. 26/12/2009 in the 4th Qtr., instead of the 3rd Qtr. and invoice dtd. 31/03/2010 has taken on 01/04/2010 whether the same will be disallowed pls. answer my query thanks.

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Sandeep Salve (Advisory Service) (121 Points)
Replied 13 February 2014

Dear Bhavesh,

The option available to you is to file a revised return under section 20(4)(c) of the MVAT Act. However, the revised return is to be filed only when you receive intimation from Commissioner under section 63 in Form 604. The said intimation in prescribed form will contain additional quantum of tax to be paid and advice of whether revised return is to be filed.

In your case, confirm with the Commissioner whether revised return is to be filed.

With regards to your query on “C Form“, the amount should not be disallowed. There can always be difference in recording sales in books of selling dealer and in books of purchasing dealer. The selling dealer may account sales when he delivers goods to a carrier. However, purchasing dealer will account the same when he receives the goods. Provide a copy of Lorry Receipt to the Commissioner.