Maharashtra Value Added Tax Rules, 2005 FORMS
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Form 225

AUDIT REPORT

PART-3

SCHEDULE-V

1)	Computation of Net Turnover of Sales liable to tax
Sr. No.	Particulars	As per Return Amount (Rs.)	As per Audit Amount (Rs.)	Difference Amount (Rs.)
a)	Gross Turnover of Sales including, taxes as well as turnover of non sales transactions like value of Branch Transfer, Consignment Transfers, job work charges etc
b)	Less:- Turn-Over of Sales (including taxes thereon) including inter-state Consignments and Branch Transfers Covered under Schedule I, II, III, or IV
c)	Balance:- Turn-Over Considered under this Schedule (a-b)
d)	Less:-Value of Goods Return (inclusive of tax), including reduction of sale price on account of rate difference and discount.
e)	Less:-Net Tax amount (Tax included in sales shown in (c) above less Tax included in (d) above)
f)	Less:-Value Consignment Transfers within the State if is to be paid by the Agent.
g)	Less:-Sales u/s 8 (1) i.e. Interstate Sales including Central Sales Tax, Sales in the course of imports, exports and value of Branch Transfers/ Consignment transfers outside the State
h)	Less: - Sales of tax-free goods specified in Schedule A
i)	Less:-Sales of taxable goods fully exempted u/s. 8(1) [other than sales under section 8 (1) and shown in Box 1(g)] and 41 (4)
j)	Less:-Job/Labour work charges
k)	Less:-Other allowable reductions/ deductions, if any (Please specify)
l)	Balance Net Turn-Over of sales liable to tax [c] - [d+e+f+g+h+i+j+k]

2)	Computation of tax payable under the MVAT Act
Sr. No.	Sch. Entry. No.	Rate of Tax	Turnover of Sales liable to Tax (Rs.) Quantity (Liter)		Tax Amount (Rs.)	Turnover of Sales liable to Tax (Rs.) Quantity (Liter)		Tax Amount (Rs.)		Difference
a)	Sch .D Goods (Inter Oil Co. sales of notified Motor Sprits)	4%
b)	D5(a)(i)
c)	D5(a)(i)	Re. One
d)	D5(a)(ii)
e)	D5(a)(ii)	Re. One
f)	D5(b)
g)	D5(b)	Re. One
h)	D6
i)	D7
j)	D8
k)	D9
l)	D10(a)(i)
m)	D10(a)(i)	Re. One
n)	D10(a)(ii)
o)	D10(a)(ii)	Re. One
p)	D10(b)
q)	D10(b)	Re. One
	A. Sub-total (a to q)
r)	C8	4%
s)	C27	4%
t)	C58	4%
	B. Sub-total (r to t)
u)	Others	4%
v)	Others	12.5%
	C. Sub-total (u + v)
	TOTAL (A+B+C)
2A)	Sales Tax collected in Excess of the Amount Tax payable			As per Returns			As per Audit		Difference

3)	Computation of Purchases Eligible for Set-off
	Particulars			As per Returns (Rs.)		As per Audit (Rs.)			Difference (Rs.)
a)	Total turnover of Purchases including taxes, value of Branch Transfers / consignment transfers received and Labour/ job work charges.
b)	Less:- Turn-Over of Purchases Covered under Schedule I, II, III, or IV
c)	Balance:- Turn-Over of Purchases Considered under this Schedule (a-b)
d)	Less:-Value of Goods Return (inclusive of tax), including reduction of purchase price on account of rate difference and discount.
e)	Less:-Imports (Direct imports)
f)	Less:-Imports (High seas purchases)
g)	Less:-Inter-State purchases
h)	Less:-Inter-State Branch Transfers/ Consignment Transfers received
i)	Less:-Within the State Branch Transfers / Consignment Transfers received where tax is to be paid by an Agent
j)	Less:-Within the State purchases of taxable goods from un-registered dealers
k)	Less:-Purchases of the taxable goods from registered dealers under MVAT Act, 2002 and which are not eligible for set-off
l)	Less:-Within the State purchases of taxable goods which are fully exempted from tax u/s 8 [other than covered under section 8(1)] and 41(4)
m)	Less:-Within the State purchases of tax-free goods specified in Schedule "A"
n)	Less:-Other allowable deductions /reductions, if any. (Please Specify)
o)	Balance: Within the State purchases of taxable goods from registered dealers eligible for set-off (c) - (d+e+f+g+h+i+j+k+l+m+n)
4)	Tax rate wise break-up of Purchases from registered dealers eligible for set-off as per Box 3(o) above
	Rate of Tax (%)	As per Returns			As per Audit			Difference
		Net Turnover of Purchases Eligible for Set - Off (Rs.)	Tax Amount (Rs.)		Net Turnover of Purchases Eligible for Set - Off (Rs.)		Tax Amount (Rs.)
a)	12.50
b)	4.00
c)
d)
e)
TOTAL

Computation of set-off claimed in this return

Particulars

As per Return

As per Audit

Difference

Purchase Value Rs.

Tax Amount

Purchase Value Rs.

Tax Amount

Within the State purchases of taxable goods from registered dealers eligible for set-off as per Box 3 (o) above

Less: - Reduction in the amount of set off u/r 53 (1) of the corresponding purchase price of (Schedule C, D & E) the goods

Less: - Reduction in the amount of set off u/r 53 (2) of the of the corresponding purchase price of (Schedule B, C, D & E) the goods

Less: - Reduction in the amount of set off under any other Sub-rule of 53

Amount of Set-off available (a) - (c+b)

6) Computation of Sales Tax Payable

Particulars

As per Return (Rs.)

As per Audit (Rs.)

Difference

6A)

Aggregate of credit available for the period covered under this return.

Set off available as per Box 5 (d)

Amount already paid (Details to entered in Annexure-A)

Excess Credit if any, as per Schedule I, II, III, or IV to be adjusted against the liability as per this Schedule

Adjustment of ET paid under Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/ Motor Vehicle Entry Tax Act, 1987

Amount Credited as per Refund adjustment order (Details to be entered (Details to entered in Annexure-A)

Any other (Please Specify)

Total Available Credit (a+b+c+d+e+f)

6B)

Sales tax payable and adjustment of CST / ET payable against available credit

Sales Tax Payable as per Box 2

Excess Credit as per this Schedule adjusted on account of M.VAT payable, if any, as per Schedule I, II, III, or IV

Adjustment on account of CST payable as per Schedule VI for the period under Audit

Adjustment on account of ET payable under the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002/Motor Vehicle Entry Tax Act, 1987

Amount of Sales Tax Collected in Excess of the amount of Sales Tax payable, if any as per Box 2A

Interest Payable under Section 30 (2)

Total Amount.(a+b+c+d+e+f)

6C)

Tax payable or Amount of Refund Available

Total Amount payable as per Box 6B(g)

Aggregate of Credit Available as per Box 6A(g)

Total Amount Payable (a-b)

Total Amount Refundable (b-a)