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Maharashtra Value Added Tax Rules, 2005 FORMS
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Form 222

AUDIT REPORT

Form- 704

PART-2

SCHEDULE-II

TIN     PERIOD FROM     TO    
1. Class of composition dealer (Please select one or more box, as applicable)
  Retailer Yes/No  
  Restaurant, Club, Caterer etc. Yes/No  
  Baker Yes/No  
  Second hand motor vehicles dealer Yes/No  
2 Gross turnover of sales for the year    
a) Aggregate turnover considered under The Maharashtra Goods and Services Tax Act, 2017    
3 Computation of net turnover of sales liable to composition (Please fill in one or more as applicable)
  Particulars As per return

As per Audit

Difference

a) Gross turnover of sales, including taxes as well as turnover of nonsales transactions like value of branch transfers/ consignment transfers and job work charges      
b) Less: - Turnover of sales (including taxes thereon) including Inter-State consignments and branch transfers covered under Schedule I, III, IV or V      
c) Balance:- Turnover considered under this Schedule (a-b)      
4 RETAILER      
a) Total turnover of sales      
b) Less:-Turnover of sales of goods excluded from the composition scheme      
c) Less:-Other allowable reductions/ deductions      
d) Net turnover of sales liable to tax under composition option scheme [a-b-c]      
5 RESTAURANT, CLUB, CATERER ETC      
a) Total turnover of sales      
6 BAKER      
a) Total turnover of sales      
7 SECOND HAND MOTOR VEHICLES DEALER      
a) Total turnover of sales      
b) Less: Allowable reductions/deductions      
c) Balance: Net turnover of sales, liable to tax under composition option (a-b)      
8 Total turnover of sales liable to tax under composition option [4(d) +5(a) +6(a) +7(c)]      
a) Less: Deduction u/s 3(2)      
b) Balance: Net turnover sales liable to tax (a-b)      
9. Computation of Tax Payable under the MVAT Act
 

Rate of Tax

As per Returns As per Audit  

 

Difference in Tax Amount (Rs.)

Net turnover of sales (Rs.) Tax Amount (Rs.) Net turnover of sales (Rs.) Tax Amount (Rs.)
a            
b            
c            
d            
e            
f            
g            
A Sub total (Total of a to g)          
h            
i            
j            
k            
l            
m            
n            
B Sub total (Total of h to n)          
C Total (A-B)          

10) Computation of Purchases Eligible for Set-off 
Sr. No. Particulars As per Returns As per Audit Difference
a) Total turnover of purchases including taxes, value of branch transfers / consignment transfers received and Labour/ job work charges      
b) Less:- Turnover of purchases covered under other Schedule      
c) Balance:- Turnover of purchases considered in this Schedule (a-b)      
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 this 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,I)      
k) Less:-Inter-State branch transfers /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:-Purchases of taxable goods from un-registered dealers      
p) Less:- Inter-State purchases of taxable goods against declaration in Form 'I'      
q) Less:-Within the State purchases of taxable goods fully exempted from tax u/s 8 other than purchases u/s 8(1)      
r) Less:-Within the State purchases of tax-free goods specified in schedule "A"      
s) Less:- Within the State labour job/ 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 purchased from composition dealer u/s 42(1), (2)      
w) Less:- Deduction u/s 3(2)      
x) Balance: Within the State purchases of taxable goods from registered dealers eligible for setoff [c-(d+e+f+g+h+i+j+k+l+m+n+o+ p+q+r+s+t+u+v+w)]      

11) Tax rate wise breakup of within State purchase from registered dealers eligible for set-off as per box 10 (x)
LESS

Value of goods return including reduction of sale price on account of rate difference and discount

 

Rate of Tax As per Returns As per Audit  

Difference in Tax Amount (Rs.)

Net Turn-Over of Purchases (Rs.) Tax Amount (Rs.) Net Turn-Over of Purchases (Rs.) Tax Amount (Rs.)
a            
b            
c            
d            
e            
f            
g  

 

     

 

   
A Sub total (Total of a to g)

 

     

 

   
h  

 

     

 

   
i  

 

     

 

   
j  

 

     

 

   
k  

 

     

 

   
l  

 

     

 

   
m  

 

     

 

   
n  

 

     

 

   
B Sub total (Total of h to n)

 

     

 

   
C Total (A-B)

 

     

 

   

12 Computation of set-off claimed in this period
 

Particulars As per return As per audit Difference in tax Amt. (Rs.)
Purchase value Rs. Tax Amt. Purchase value Rs. Tax Amt.
a) Within the State purchases of taxable goods from registered dealers eligible for set-off as per box 11          
b) Less:- Set-off denial on account of purchases from dealer whoseregistration certificate is cancelled or composition dealer          
c) Less: Amount of set-off not admissible u/r 52A          
c1) Less: Amount of set-off not admissible u/r 52B          
d)

Less: Reduction u/r 53 in the amount of set off of the corresponding purchase price of (Sch. B, C, D & E or Sch.B from1.7.2017) goods Capital Assets          
Other than Capital Assets          
e)

Less: Denial in the amount of set-off u/r 54 of the corresponding purchase price Capital Assets          
Other than Capital Assets          
f)

Less:-Within the State purchases of taxable goods from registered dealers under MVAT Act, 2002 and set-off not claim. Capital Assets          
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 this period [a- (b+c+c1+d+e+f+g)]          
i)

Add:- Allowance of excess set-off reversed Capital Assets          
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)          
Other than Capital Assets          
k) Add:- Allowance of set-off not claimed on goods return          
l) Total set-off admissible for this period          
  13 Computation for tax payable
  Particulars As per return As per audit Difference
A Aggregate of refund available for this period
a) Set off admissible as per box 12 (l)      
b) Refund brought forward from previous period      
c) Amount already paid (As per annexure A)      
d) Adjustment of entry tax paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002      
e) Adjustment of entry tax paid under Maharashtra Tax on Entry of Motor Vehicle into Local Areas Act, 1987      
f) Amount of tax collected at source u/s 31A      
g) Refund adjustment order amount (As per annexure A)      
h) Total available refund (a+b+c+d+e+f+g)      
B Total tax payable and adjustment of CST/ET payable against available refund
a) Sales tax payable as per box 9      
b) Adjustment on account of CST payable as per schedule VI for this period      
c) Adjustment on account of entry tax payable under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002      
d) Adjustment on account of entry tax payable under Maharashtra Tax on Entry of Motor Vehicle into Local Areas Act, 1987.      
e) Amount of Tax collected in excess of the amount of sales tax payable, if any      
f) Interest payable      
g) Late fee payable      
h)

Add: Reversal on account of set-off claimed Capital Assets      
Other than Capital Assets      
i)

Reduction u/r 52A, 52B, 53 and denial u/r 54 out of above (h) Capital Assets (with staggered set off)      
Other than Capital Assets      
j) Balance: Refund=[13A(h)- (13B(a)+13B(b)+13B(c)+ 13B(d)+ 13B(e)+ 13B(f)+ 13B(g)+13B(i))]      
k) Balance amount payable= [13B(a)+13B(b)+13B(c)+13B(d)+ 13B(e)+13B(f)+13B(g)+13B(i)- 13A(h)]      
C Utilisation of refund as per box 13B(j)
a) Refund carried forward to subsequent tax period      
b) Refund carried forward to Form GST TRAN-1of MGST Act,2017      
c) Refund claimed during this period (13 B(j)- 13C(a)) or (13 B(j)- 13 C (b))      
D Tax payable      
a) Total amount payable as per box 13B(k)