Maharashtra Value Added Tax Rules, 2005 FORMS
-

Body

FORM 303 (231)

(See rule 17A and 23)

Assessment Order u/s 23 of Maharashtra Value Added Tax Act, 2002

1. Dealer related information	Registration Certificate No			Liable to file Form 704			2. Accounting system
	Name of dealer					Date of final hearing/ show cause notice for best judgment assessment
3.Case related information	Notice issued u/s ( Drop down selection)			Read with u/s or u/r		Notice service date			Mode of service of notice
	Master checklist (No of items sought)			Master checklist (No of items submitted)			List of Documents "sought" but not "submitted"
4	Period covered by order	From	Date	Month	Year	To	Date	Month	Year	Type of Assessment	Type of Order

5 Computation of net turnover of sales liable to tax	Particulars		As per return	As per order
	a)	Gross turnover of sales including, taxes as well as turnover of non-sales transactions like value of branch/consignment transfers, job work charges etc.
	b)	Less:- Turnover of sales (including taxes thereon) including inter-State consignment transfers and branch transfers liable to be considered in the assessment order in Form 303(234).
	c)	Balance :- Turnover considered under this Form (a-b).
	d)	Add: - Value of goods return including reduction of sale price on account of rate difference and discount claimed but not confirmed by buyer. (Net taxable turnover with tax collected separately)
	e)	Less:-Value of goods return within State for assessment period excluding taxable turnover with tax.
	f)	Less:- Credit note, price on account of rate difference and discount within State for assessment period excluding taxable turnover with tax
	g)	Less: - Value of goods return including reduction of sale price on account of rate difference and discount confirmed by buyer (Net taxable turnover with tax collected separately)
	h)	Less:-Net tax amount (Tax included in sales shown in (c) above)
	i)	Less:- Total value in which tax is not collected separately (Inclusive of tax with whole amount).
	j)	Less:-Value of branch transfers / consignment transfers within the State if tax is paid by an agent.
	k)	Less:-Sales u/s 8(1) i.e. Inter-State sales including central sales tax, sale in the course of imports, exports and value of branch transfers / consignment transfers outside the State.
	l)	Less:-Sales of tax-free goods specified in Schedule" A" of MVAT Act.
	m)	Less:-Sales of taxable goods fully exempted u/s 41 and u/s 8 other than sales u/s 8(1) and covered in Box 5(k).
	n)	Less:-Labour charges/job work charges.
	o)	Less:-Other allowable deductions.
	P)	Less:- Deduction under section 3(2).
	q)	Balance: Net turnover of sales liable to tax [(c+d)-(h+i+j+k+l+m+n+o+p)- (e+f\|\|

6 Computation of sales tax collected separately under the MVAT Act. Less value of goods return including reduction of sale price on account of rate difference and discount.		Rate of tax (Drop down selection)	Turnover of sales liable to tax (Rs.)	Tax amount (Rs.)		Rate of tax (Drop down selection!	Turnover of sales liable to tax (Rs.)	Tax amount (Rs.)
	a)				a)
	b)				b)
	c)				c)
	d)				d)
	e)				e)
	f)				f)
	g)				g)
	h)				h)
	i)				i)
	j)				j)
	k)				k)
	l)				l)
	m)				m)
	Total				Total
7	Sales tax collected in excess of the amount of tax payable.
8 Computation of sales tax payable in respect of sales effected inclusive of tax under the MVAT Act. Less value of goods return including reduction of sale price on account of rate difference and discount.		Rate of tax (Drop down selection)	Turnover of sales liable to tax (Rs.)	Tax amount (Rs.)		Rate of tax (Drop down selection!	Turnover of sales liable to tax (Rs.)	Tax amount (Rs.)
	a)				a)
	b)				b)
	c)				c)
	d)				d)
	e)				e)
	f)				f)
	g)				g)
	h)				h)
	i)				i)
	j)				j)
	k)				k)
	l)				l)
	m)				m)
	Total				Total

9 Computation of purchases eligible for setoff	Particulars		Amount (Rs.)	Amount (Rs.)
	a)	Total turnover of purchases including taxes, value of branch transfers/ consignment transfers received and labour/ job work charges.
	b)	Less:- Turnover of purchases liable to be considered in the assessment order in Form 303(234).
	c)	Balance: - Turnover of purchases considered (a-b) in this order.
	d)	Less:-Value of goods return, reduction of purchase price for this period excluding within State taxable turnover with tax paid separately.
	e)	Less:- Reduction of purchase price on account of rate difference and discount for period excluding within State taxable turnover with tax paid separately.
	f)	Less:-Imports (Direct imports).
	g)	Less:-Imports (High seas purchases).
	h)	Less: - Inter-State purchases of taxable goods against certificate in Form 'H'.
	i)	Less: - Within the State purchases of taxable goods against certificate in Form'H'.
	j)	Less:-Inter-State purchases (excluding purchases against any certificate and declaration in form C, H, F, 11.
	k)	Less:-Inter-State branch / consignment transfers received.
	l)	Less:- Inter-State purchases of taxable goods against declaration in Form'C'.
	m)	Less:- Within the State purchases of taxable goods against declaration in Form'C'.
	n)	Less:- Within the State branch transfers /consignment transfers received where tax is to be paid by an agent.
	o)	Less:-Within the State purchases of taxable goods from un-registered dealers.
	P)	Less:-Inter-State purchases of taxable goods against declaration in Form T.
	q)	Less:-Within the State purchases of taxable goods which are fully exempted from tax u/s 41 and u/s 8 but not covered under section 8(1).
	r)	Less:-Within the State purchases of tax-free goods specified in Schedule "A".
	s)	Less:-Within the Statejob work/ labour charges paid.
	t)	Less:-:- Within the State other allowable deductions, if any.
	u)	Less:-Within the State purchases of taxable goods from registered dealers where tax is not collected separately (inclusive of tax).
	v)	Less: - Within the State purchases of taxable goods from composition dealer u/s 42(1), (2).
	w)	Less:- Deduction under section 3(2).
	x)	Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off [c-(d+e+f+g+h+i+j+k+l+m+n+o+p+q+r+s+t+u+v+w)]

10 Computation of purchase tax payable on the purchases effected during this period		Rate of tax (Drop down selection)	Turnover of Purchases liable to tax (Rs.)	Tax amount (Rs.)		Rate of tax (Drop down selection!	Turnover of Purchases liable to tax (Rs.)	Tax amount (Rs.)
	a)				a)
	b]				b]
	c)				c)
	d)				d)
	e)				e)
	Total				Total

11 Tax rate wise breakup of within State purchases from registered dealers eligible for set-off as per box 9(x) Less value of goods return including reduction of sale price on account of rate difference and discount.		Rate of tax (Drop down selection)	Turnover of Purchases liable to tax (Rs.)	Tax amount (Rs.)		Rate of tax (Drop down selection!	Turnover of Purchases liable to tax (Rs.)	Tax amount (Rs.)
	a)				a)
	b]				b]
	c)				c)
	d)				d)
	e)				e)
	f)				f)
	g)				g)
	h)				h)
	i)				i)
	Total				Total

12. Computation of set-off claimed		Particulars		Purchase value (Rs.)	Tax amount (Rs.)	Purchase value (Rs.)	Tax amount (Rs.)
	a)	Within the State purchases of taxable goods from registered /unregistered dealers eligible for set-off as per Box 10 & 11.
	b)	Less:- Set-off denial on account of purchases from registration certificate cancelled or composition dealer.
	c)	Less: Amount of set-off not admissible u/r 52A
	cl)	Less: Amount of set-off not admissible u/r 52B
	d)	Less: Reduction in the amount of set-off u/r 53 of the corresponding purchase price of (Sch B, C, D & E or Sch B from 1.7.2017) goods	Capital Assets
	d)		Other than Capital Assets
	e)	Less: Denial in the amount of set-off u/r 54 of the corresponding purchase price.	Capital Assets
	e)		Other than Capital Assets
	f)	Less:-Within the State purchases of taxable goods from registered dealers under MVAT Act, 2002 and set-off not claimed.	Capital Assets
	f)		Other than Capital Assets
	g)	Less: - Within the State purchases of Capital Asset from registered dealer set-off withheld for staggered manner.
	h)	Set-off available for the period \|a-(b+c+c 1 +d+e+f+g))
	i)	Add: - Allowance of set-off reversed	Capital Assets
	i)	Add: - Allowance of set-off reversed	Other than Capital Assets
	j)	Less:- Reduction u/r 52A, 52B, 53 and denial u/r 54 out of above i	Capital Assets (with staggered set-off)
	j)		Other than Capital Assets
	k)	Add:- Allowance of set-off not claimed on goods return.
	l)	Total set-off admissible for the period

13. Computation for Tax payable

A. Aggregate of refund available for the period

Particulars

Amount (Rs.)

Set-off admissible as per Box 12 (1)

Excess refund brought forward.

Amount already paid.

Excess refund if any, as per assessment order Form 303 (234), to be adjusted against the liability as per assessment order Form 303(231).

Adjustment of entry tax paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002.

Adjustment of entry' tax paid under Maharashtra Tax on Entry of Motor Vehicle into Local Areas Act, 1987.

Amount of tax collected at source u / s 31 A.

Refund adjustment order No.(As per Box 28)

Total available refund (a+b+c+d+e+f+g+h)

B. Total tax payable and adjustment ofcentral sales tax/ entry tax payable against availablerefund.

Sales tax payable as per box 6 + Sales tax payable as per box 8 + Purchase tax payable as per box 10.

Adjustment on account of MVAT payable, if any as per assessment order Form 303(234) against the excess refund as per assessment order Form 303(231)

Adjustment on account of central sales tax payable for this period.

Adjustment on account of entry taxpayable under Maharashtra tax on Entry of Goods into Local Areas Act, 2002.

Adjustment on account of entry tax payable under Maharashtra Tax on Entry' of Motor Vehicle into Local Areas Act, 1987.

Amount of tax collected in excess of the amount of sales tax payable if any (as per Box 7).

Interest payable.

Late fee payable.

Add: Reversal on account of set-off claimed excess

Capital Assets

Other than Capital Assets

Reduction u/r 52A, 52B, 53 and denial u/r 54 out of above (i)

Capital Assets (with staggered set-off)

other than capital assest

Balance: Excess refund = (13A(i)- (13B(a) +13B(b) +13B(c)+ 13B(d)+ 13B(e)+ 13BF+ 13 B(g)+13B(h) +13BJ)]

Balance amount payable= 13B(a)+ 13B(b)+13B(c)+ 13B(d)+13B(e) + 13B(f) + 13B(g) + 13B(h) + 13B(j) -13A(i))]

C Utilization of excess refund as per box 13B(k)

Excess refund carried forward to subsequent tax period

Refund in this period(135 B(k)- 13 C(a))

D.Tax payable

Total amount payable as per box 13B(l)

14. Differential liability (tax payable as per assessment order-tax payable as per return) or differential refund (Excess refund as per return -excess refund as per order)

15. Amount of additional liability raised/refund reduced in transaction assessment order/orders pertaining to transactions included in this assessment order.

16. Other adjustments (refund)

17. Other adjustments, (liability)

18. Amount of refund already granted.

19. Total balance amount payable.

20 Amount of interest (in addition to the amount of interest in 13B(g)

21. .Amount of penalty to be levied.

22. Total balance amount refundable

23. Interest on refund

24. Amount of refund sanctioning order.

25. Amount of refund withholding order.

26. Amount of refund adjustment order/orders.

27. Amount of refund payment order.

28. Details of refund adjustment order (RAO)

Details of RAO

RAO No.	Amount adjusted (Rs.)	Date of RAO	RAO No.	Amount adjusted (Rs.)	Date of AO (Rs)


Total			Total	Amount adjusted (Rs.)

Assessment Order.

Sr. No.	Reason for increase in liability or decrease in refund in assessment	Tax payable/Refund claimed	As determined	Difference
1
2
Date				Signature
Place