FORM 604
[see rule 67(2)]
Intimation under sub section (7) of Section 63 of the Maharashtra Value Added Tax Act, 2002.
To,
__________________
No.________________________/Intimation/Sec-63(7)/B_____________Mumbai Dated
Sub.- Intimation under sub section (7) of Section 63
#1. Whereas, this office has initiated proceedings as per the provisions of section .................... of the Maharashtra Value Added Tax Act, 2002 for the period ...................... to ..............................
##2. Whereas, this office has initiated the proceedings as per the provisions of section 22 of the Maharashtra Value Added Tax Act, 2002 on specific issues as communicated to you earlier.
As a result of scrutiny and verification of :-
1. Returns filed by you;
2. Books of account maintained by you;
3. Other documents;
4. Information submitted by you and other dealers; and
5. Information available with the Sales Tax Department,
it is observed that the tax payable as disclosed by you in the returns/ books of account, set-off or refund claimed by you, appears to be incorrect as stated below :-
# TABLE -1
SUMMARY OF ADDITIONAL TAX LIABILITY OR REFUND
# TABLE -2
REASONS OF ADDITIONAL TAX LIABILITY OR REFUND
## TABLE-3
ADDITIONAL TAX LIABILITY IN RESPECT OF SPECIFIC ISSUES
If you agree with the contents of this intimation then you are advised to discharge tax liability alongwith applicable interest u/s 30 (2) and u/s 30 (4) at the time of filing of revised return.
You may accept tax liability in respect of any or all of the above parameters. However, the tax liability in respect of an individual parameter has to be accepted entirely alongwith applicable interest.
You may note that, as per provisions of section 30 (4), interest at the rate of 25 percent shall not be applicable if the taxes paid in the revised return are less than 10 percent of the **taxes paid as per original return.
If you fail to file return or revised return, your case may be taken up for assessment and in which case, it may attract penalty u/s 29 (3) of the Maharashtra Value Added Tax Act, 2002.
**taxes paid as per original return shall have the same meaning as stated in sub-section (4) of Section 30 of the Maharashtra Value Added Tax Act, 2002.
# TABLE 1 and 2 is applicable for para 1 where proceedings are related to comprehensive verification for specific period.
# # TABLE 3 is applicable for para 2 where proceedings are related to specific issues.