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MVAT: Amendment in Criteria for withdrawal of Assessment based on probable revenue
Amendment in Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment (Amendment) Scheme, 2021
FINANCE DEPARTMENT
Madam Cama Marg, Hutatma Raiguru Chowk,
Mantralaya, Mumbai 400 032, dated the 1st April 2021.
NOTIFICATION
MAHARASHTRA VALUE ADDED TAX ACT, 2002.
No. VAT-1521/C.R. 1(A)/Taxation-1.— In exercise of the powers conferred by clause (ii) of section 26B of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby makes the following Scheme further to amend the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment Scheme, 2018, namely :—
1. This Scheme may be called the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment (Amendment) Scheme, 2021.
2. In clause 6 of the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment Scheme, 2018, in sub-clause (2), —
(1) for the words “rupees two lakh fifty thousand” the words “rupees ten lakh” shall be substituted;
(2) after the existing proviso, the following proviso shall be inserted, namely :—
“Provided further that, in case of the dealers, whose registration certificate is not deemed to have been cancelled under sub-section (6A) of section 16 of the Act, the provisions of this sub-clause shall not be applicable for the periods starting from the 1st July 2017”.
By order and in the name of the Governor of Maharashtra,