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) 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,

MANDAR KELKAR,
Deputy Secretary to Government.

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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