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Maharashtra Value Added Tax Rules, 2005 FORMS
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AUDIT REPORT

Form - 704

PART-2

SCHEDULE-VI

 

TIN   PERIOD   FROM   TO  
1 Gross turnover of sales for the year    
a) Aggregate turnover considered under The Maharashtra Goods and Services Tax Act,2017    
2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of tax liability under CST Act.
  Particulars As per returns As per audit Difference
I Gross turnover of sales      
I-A Less:-Turnover of sales within the State      
I-B Less:-Turnover of sales of goods outside the State      
I-C Less:-Value ( inclusive of sales tax) of goods return u/s 8A(1)(b)      
I-D Less:- Credit note , price on account of rate difference and discount      
I-E Less:- Sales of the goods in the course of export out of India (Direct export)      
I-F Less:- Sales of the goods in the course of export out of India (Export against Form-H)      
I-G Less:-Sales of the goods in the course of import into India      
I-H Less:- Value of goods transferred u/s 6A (1) of Central Sales Tax Act, 1956      
I-I Less:- Turnover of Inter-State sales u/s 6(3) of Central Sales Tax Act ,1956.      
I-J Less:- Turnover of sales of goods fully exempted from tax under section 8(5) read with 8(4) of MVAT ACT, 2002      
II Balance :- Inter-State sales on which tax is leviable in Maharashtra State ( I- IA-IB-IC-ID-IE-IF-IG-IH-II-IJ)      
II-A Less:-Cost of freight , delivery or installation , if separately charged      
II-B Less:-Cost of labour, if separately charged      
II-C Less:-Turnover of Inter-State sales on which no tax is payable      
II-D Less:-Turnover of Inter-State sales u/s 6(2)      
II-E Less:-Turnover of Inter-State sales u/s 8(6)      
III Balance :-Total taxable Inter-State sales (II- IIA-IIB-IIC-IID-IIE)      
III-A Less:- Total value in which tax is not collected separately (Inclusive of tax with gross amount)      
III-B Less:-Deduction u/s 8A(1)(a)      
IV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net taxable Inter-State sales (III- IIIA-IIIB)      
A. Sales taxable U/s 8 (1)
Sr. No.

 

Rate of tax

 

 

 

As per returns As per audit Difference in Tax

 

 

  Turnover of sales liable to tax (Rs.) Tax amount (Rs.)  Turnover of sales liable to tax (Rs.)  Tax amount (Rs.) 
a  

 

 

         
b  

 

 

         
c            
d            
e            
(A) Subtotal (Total a to e)          
f            
g            
h            
i            
j            
(B) Subtotal (Total f to j)          
(C) Total ((A)- (B))          
B. Sales taxable U/s 8 (2) {Tax collected separately}
Sr. No. Rate of tax As per returns As per audit Difference in tax amount
Additional sales tax (per litre) (applicable to motor spirit) (Rs.) Sales turnover (Rs.) Quantity sold (Litres) Tax Amt. (Rs.) Additional sales tax (per litre) (applicable to motor spirit) (Rs.) Sales turnover (Rs.) Quantity sold (Litres) Tax Amt. (Rs.)
a                    
b                    
c                    
d                    
e                    
f                    
(D) Subtotal (Total a to f )                  
g                    
h                    
i                    
j                    
j                    
l                    
(E) Subtotal (Total g to l )                  
(F) Total ((D)- (E))                  
C. Sales taxable U/s 8 (1) & 8 (2) {Inclusive of tax}
Sr. No. Rate of tax As per returns As per audit Difference in tax amount
Additional sales tax (per litre) (applicable to motor spirit) (Rs.) Sales turnover (Rs.) Quantity sold (Litres) Tax Amt. (Rs.) Additional sales tax (per litre) (applicable to motor spirit) (Rs.) Sales turnover (Rs.) Quantity sold (Litres) Tax Amt. (Rs.)
a                    
b                    
c                    
d                    
e                    
f                    
(G) Subtotal (Total a to f )                  
g                    
h                    
i                    
j                    
k                    
l                    
(H) Subtotal (Total g to l )                  
(I) Total ((D)- (E))                  
D. Sales taxable u/s 8 (5)
Sr. No. Rate of tax As per returns As per audit Difference in tax amount
Sales turnover (Rs.)

Tax amount (Rs.)

Sales turnover (Rs.)

Tax amount (Rs.)

a            
b            
c            
d            
e            
f            
(J) Subtotal (Tot al a to f )          
g            
h            
i            
j            
k            
l            
(K) Subtotal (Total g to l )          
(L) Tota l ((J)- (K))          
  Particulars As per returns As per audit Difference
3 Tax collected in excess of the tax payable 2III B - (2IVA+2IVB+2IVD)      
4 Total amount of central sales tax payable (2IVA+2IVB+2IVC+2IVD)      
5 Amount deferred (out of box (4)) ( under Package Scheme of Incentives) if any      
6 Balance amount payable (box (4)- box (5))      
7

(a) Add:- Interest payable      
(b) Add:- Amount payable against excess collection if any, as per box-3      
(c) Add:-Late fee payable      
8 Total amount payable ( box (6 )+ box (7 ))      
9 Deduct      
a Refund brought forward from previous period      
b MVAT refund to be adjusted against the central sales tax liability.      
c Amount already paid ( if any) (As per annexure B)      
d Refund adjustment order amount (As per annexure B)      
10 Balance amount refundable [(9(a)+9(b)+9(c)+9(d))-box8)]      
a Refund carried forward to subsequent tax period      
b Refund carried forward to Form GST TRAN-1 of MGST Act,2017      
c Refund claimed amount ( Box10- Box10(a))or ( Box10- Box10 (b)      
11 Balance amount payable (Box 8- (9(a)+9(b)+9(c)+9(d))