Maharashatra vat

Can anybody tell me VAT rate for submersible pumps used in agriculture ?

FORM 704 

INSTRUCTIONS 

1 Please read these instructions carefully before filling up the report.  

2 No additional enclosure unless prescribed or unless it is essential for furnishing the information is to 

be filed with this report. 

3 Do not leave any field or box blank. In case any field or box is not applicable, enter ‘zero’ (0) in 

numerical fields and write ‘N.A.’ for ‘Not Applicable’ or as the case may be, ‘Nil’ in other fields.  

4 This report is divided in three parts. Part 1 is mainly related to verification and certification. Part 2 is 

mainly  related to general information  about  the  dealer  under  audit.  The  auditor is  expected  to 

ascertain the various parameters in part 2 and supply the details required. Part 3 is about the various 

schedules and their Annexures.  

5 The auditor  MUST give  his remarks in brief  in table 3 of Part I, wherever difference is found 

between Amount as per  returns  and  Amount  as  per audit.  This is  essential to  make the report 

complete and transparent. It will also prevent avoidable queries by the Department. 

6 Filling of Part 1 and Part 2 of this report is mandatory in respect of all the dealers. It is mandatory to 

fill in the relevant schedule(s) of part 3 as also the Annexures wherever required. 

7 If the dealer has multi-State activities, then ratios related to gross and net profit may be given at all 

India level and other ratios should be given at State level.  

8 The tax liability is to be computed as required by law wherever documents are not made available to 

the auditor or are insufficient. 

9 Third part of the report is linked with the type of return/s filed by the dealer and is to be filled in 

accordingly.  Instructions  provided  for  filling  in  information  in  the  return/s  are  applicable  to 

respective  items  of  the  schedules,  as  shown  in  following  table.  If,  while  filing  returns,  these

instructions have not been followed, the auditor should ensure that they are followed in the audit

report.

Sr.No. Type of Return filed Relevant Schedule

1 Form 231 Schedule I

2 Form 232 Schedule II

3 Form  233 Schedule III

4 Form 234 Schedule IV

5 Form 235 Schedule V

6 Form III E (CST) Schedule VI

7 Dealer  filing  different  types  of  Different combinations of

returns  (as mentioned in Sr. No.1   to  5 above) Schedules as applicable depending

upon the types of returns filed

10 Auditor is requested to sign and put his seal on every page of the report  

my goods lyies under 4% mvat. if i sold above good to outside maharashtra customer who will not issue me C form. how much tax mvat/cst i have to charge to him in my tax invoice

local tax for the goods will be charged. in your case it is 4% so cst 4% will be charged in Invoice. Tax invoice is for Vat  and not for cst.

Ramesh