Maharashtra Value Added Tax Criteria for withdrawal (on the basis of probable revenue involved) of the Assessment Proceeding Scheme, 2021

Last updated: 10 April 2021

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The Maharashtra government has introduced the Maharashtra Value Added Tax Criteria for Withdrawal of Assessment Proceedings Scheme, 2021. This scheme aims to streamline the disposal of pending tax assessments under the Value Added Tax Act and Central Sales Tax Act. It sets criteria for withdrawing assessment proceedings where the estimated revenue involved is below a certain threshold, allowing for more efficient use of departmental resources.

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated 1st April, 2021. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT- 1521 / C.R. 1 / Taxation-1.-Whereas, on the implementation of the Goods and Services Tax in Maharashtra with effect fr

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FAQ :

The scheme aims to provide criteria for withdrawing pending assessment proceedings under the Maharashtra Value Added Tax Act, 2002, and the Central Sales Tax Act, 1956, to ensure effective utilization of manpower and expeditious disposal of legacy work.

Assessment proceedings where the probable revenue involved is not more than ten lakh rupees for a given year are considered suitable for withdrawal.

The probable revenue involved is determined using Business Intelligence Data Warehouse tools or other electronic data mining tools, analysing electronic data related to registration, returns, audit reports, and payments.

The Commissioner of the Sales Tax Department decides on the suitability of withdrawing pending assessment proceedings after considering the recommendations of a committee, the probable revenue involved, and the availability of manpower.

The scheme does not affect assessment proceedings where the assessment order has already been passed, those initiated as a result of investigation under section 64 of the Act or sub-section (2) of section 9 of the Central Sales Tax Act, or those undertaken to give effect to directions from appellate authorities.

Once a list of withdrawn assessment proceedings is published on the official website, those proceedings are deemed abated from their current stage, and no assessing authority can proceed further.