Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005, and to dispense with the condition of previous publication thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005).
Now, therefore, in exercise of the powers conferred by sub-sections (1) and (2) read with the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax Act, 2002 and of all other powers enabling it in this behalf, the Government of Maharashtra is hereby, makes the following rules further to amend the Maharashtra Value Added Tax Rules, 2005, namely : -
1. These rules may be called the Maharashtra Value Added Tax (Amendment) Rules, 2007.
2. In Rule 52 of the Maharashtra Value Added Tax Rules, 2005 after sub-rule (2), the following sub rule shall be added, namely:-
(3) The Commissioner shall, in respect of the purchases of drugs specified in sub-entry (a) of entry 29 of Schedule 'C' held in stack at the clsoe of business on the 30th June, 2007 by the claimant dealer, a grant him a set off as per the following formula, namely:-
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Provided that the claimant dealer shall not entitled to claim set-off under this sub-rule unless he files a stock statement with the registering authority in the format appended hereto on or before the 31st August, 2007.
Explanation.- For the purposes of this sub-rule "maximum retail price" shall mean,-
(1) the sum of maximum retail price and sales tax, where it is seperately charged in the invoice; and
(2) in any other case, the maximum retail price inclusive of sales tax."
FORMAT
Details of goods held in stock at the close of business on 30th June, 2007 as specified in sub entry (a) of entry 29 of Schedule 'C' appended to the Maharashjtra Value Added Tax Act, 2002.
(in Rs.)