Maharashtra VAT - Submission of Audit Report in Form 704 – date extended
As per the Maharashtra VAT Act, dealers are required to file Audit Reports certified by Chartered Accountants, in Form 704. This was challenged by Advocates and Sales Tax practitioners in the Bombay High Court which dismissed the petition - [ ]
However the High Court extended the date for filing the Form 704 to 30th June 2008. On representations from various trade associations, the government has now extended the last date for filing this return to 31st August 2008. The last date for filing revised returns by those who have already filed the return and any discrepancies are shown, is now extended to 30 th September 2008.
For the present, audit reports in Form 704 will be accepted in hard copy even if the soft copy is not furnished.
Maharashtra Sales Tax Trade Circular No. 27T of 2008, Dated: July 31, 2008