Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment (Amendment) Scheme, 2021

Last updated: 10 April 2021

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The Maharashtra government has amended the Criteria for Selection of Cases for Assessment Scheme, 2018. Key changes include an increase in the revenue threshold for selection from ₹2.5 lakh to ₹10 lakh. Additionally, a new proviso clarifies that for dealers whose registration hasn't been cancelled, the scheme's provisions won't apply to periods from July 1, 2017.

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

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FAQ :

This is an amendment to the 2018 scheme, introduced by the Maharashtra government to update the criteria for selecting cases for assessment based on probable revenue earnings.

The threshold has been increased from "rupees two lakh fifty thousand" (₹2.5 lakh) to "rupees ten lakh" (₹10 lakh).

Yes, a new proviso states that for dealers whose registration certificate is not deemed cancelled, the scheme's provisions will not apply for periods starting from July 1, 2017.

The notification was issued by the Finance Department of the Government of Maharashtra on April 1, 2021.

Notification No : VAT-1521/C.R. 1(A)/Taxation-1
Source : https://mahagst.gov.in/sites/default/files/notification/Amendment%20in%20Maharashtra%20Criteria%20for%20Selection%20%28on%20the%20basis%20of%20probable%20revenue%20earnings%29%20of%20the%20cases%20for%20Assessment%20%28Amendment%29%20Scheme%2C%202021..pdf

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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