Vat procedure

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Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 What is the Start to End procedural part pertaining to MVAT?

Guest

Guest (Expert)

15 September 2012 Kindly clarify regarding which procedure you want to know.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 I mean to say, return filing, how to calculate VAT payable , how to make payment , etc etc in flow chart form....

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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02 August 2025 Sure! Here's a **simple Start-to-End flowchart-style outline** of the **MVAT (Maharashtra VAT) procedure** including registration, VAT calculation, return filing, and payment:

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### MVAT Procedure: Start to End

1. **VAT Registration**

* Apply for VAT registration within 30 days of business commencement.
* Obtain VAT registration certificate and VAT TIN.

2. **Maintain Books of Accounts**

* Maintain proper purchase and sales registers.
* Keep records of input VAT and output VAT.

3. **Issue Tax Invoice**

* Issue VAT-compliant tax invoices on sale of goods.
* Mention VAT registration number, VAT amount, invoice details.

4. **Collect VAT from Customers**

* Charge VAT on sale as per applicable rate (e.g., 5%, 12.5%, etc.).
* Collect VAT on invoice.

5. **Input VAT Credit**

* Claim credit on VAT paid on purchases related to business.
* Maintain purchase invoices to claim input credit.

6. **Calculate VAT Payable**

* Total Output VAT (collected on sales)
MINUS
Input VAT (paid on purchases)
\= VAT Payable (if output VAT > input VAT)

7. **VAT Return Filing**

* File monthly/quarterly VAT returns (Form 401 for monthly, Form 402 for quarterly).
* Returns include details of sales, purchases, output VAT, input VAT, etc.

8. **VAT Payment**

* Pay VAT liability before due date (typically 21st of next month).
* Payment can be made via online/offline modes.

9. **Adjustment & Reconciliation**

* Reconcile VAT paid and returns filed.
* Keep documents for audit and verification by VAT authorities.

10. **Assessment & Audit**

* VAT department may conduct assessments and audits.
* Provide records and returns for scrutiny.

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If you want, I can prepare a **flowchart diagram** or a more detailed step-by-step guide with forms and due dates. Would that help?

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