Maharashtra Govt. Introduced New Scheme for Withdrawal of the Assessment Proceedings

Maharashtra Value Added Tax Act, 2002.

No. VAT- 1521/C.R. 1/Taxation1.- Whereas, on the implementation of the Goods and Services Tax in Maharashtra with effect from the 1st July 2017, the Government of Maharashtra vide Government Notification, Finance Department, No.VAT. 1518/C.R. 23/Taxation-1, dated the 23rd February 2018, framed the scheme for providing the criteria for selective risk-based assessments under the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005) (hereinafter referred to as “Value Added Tax Act”) and the Central Sales Tax Act, 1956 (74 of 1956) (hereinafter referred to as “the Central Sales Tax Act”).

And whereas, the Maharashtra Sales Tax Department (hereinafter referred to as “the Sales Tax Department”) is implementing Goods and Services Tax, and the pending legacy work under the existing Value Added Tax Act and Central Sales Tax Act needs to be planned and disposed of expiditiously.

And whereas, for effective utilization of the available manpower for the disposal of pending work under the Value Added Tax Act, the Central Sales Tax Act, and also the work related to Goods and Services Tax, it has become necessary to formulate the criteria for withdrawal of the assessment proceedings where the likely revenue earnings in each such case are determined with the use of Business Intelligence Data Warehouse tools or such other electronic data mining tools, is less than the threshold as provided in clause 6 of this notification;

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And whereas, the Government of Maharashtra considers it expedient, to formulate a Scheme to decide the criteria for withdrawal of the assessment proceedings based on threshold revenue earnings, below which assessment proceedings may be withdrawn, and assessments that may remain after such withdrawal, in a time-bound manner:

Now, therefore, in the exercise of the powers conferred by clause (iii) of Section 26B of the Value Added Tax, the Government of Maharashtra, is hereby, in supersession of Maharashtra Value Added Tax Criteria for Withdrawal.

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