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Maharashtra Value Added Tax Rules, 2005
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Body 60A. Grant of Refund of Security Deposits-

(1) A person or dealer who has obtained the voluntary registration may make an application to the registering authority for refund of the amount of rupees 25,000 of security deposit.

(2) The application for the refund may be made,-

    (a) Where the registration certificate is cancelled within the period of thirty six months from the date of registration, then within six months from the date of service of the order of the cancellation of the registration certificate, and

    (b) in any other case, after a period of thirty six months from the end of the month containing the date of effect of the registration certificate but before the end of the period of forty eight months from the end of the month containing said date.

(3) The registering authority shall, within ninety days from the receipt of the said application, refund the amount of security deposit, if the dealer has.-

    (a) filed all the returns due upto the date of application for refund of the security deposit, or upto the date of cancellation of registration certificate, and

    (b) paid the tax due as per the said returns, and

    (c) made the application for refund within the period prescribed under sub-rule (2) above.

(4) Notwithstanding anyting contained in sub-rule (2) and clause (c) of sub-rule (3), where rupees 25,000 deposited as security deposit under the proviso to sub-section (2) of section 16 has not been refunded, then in such case the application for refund may be made on or before 31st March 2021 and the provisions of clause(a) and clause (b) of sub-rule (3) shall be applicable for such cases.