As we discuss in earlier blog Procedure for VAT Audit in Maharashtra, today we are discuss if any mistakes done at the time of filing the form 704 how we can rectify them.
Is VAT Audit Can be revised in maharashtra?
There is no provision of vat audit revision Maharashtra, but if a dealer has mention the wrong tin number of any Purchase or sale party he can revised the J1 and J2 annexure.
Applicability of J1 and j2 Annexure in maharashtra
Annexure J1 is for Vat sales made in maharashtra.
Annexure J2 is for vat purchase from maharashtra dealers.
Procedure for Revision of VAT Audit Annexure in Maharashtra
Go to mahavat.gov.in
Download the applicable Form E704 Annexure J1 and J2
Fill the following details in the Form
Tin number – Enter yours TIN number issued by the Maharashtra vat department.
Period – Select the financial year for which you want to revise the details
Form 704 is applicable – Select yes, if applicable.
Transaction Id of Form 704 – It will mentioned on last submitted vat audit report.
Sheet No – Sheet no will be 1, if revision is done on first time. If revision done second time it will be 2.
After that enter Tin number of sales in J1 annexure and purchaser in j2 annexure, taxable amount of sales in J1 annexure and purchaser in j2 annexure , vat amount of sales in J1 annexure and purchaser in j2 annexure which you want to revise.
Note – Enter only the name of purchaser in j2 annexure and name of saler in j1 annexure which you want to revised in Annexure J1 and J2, Don’t mentioned all the details that has been mentioned at the time of filing form 704.
Feel free to comment below if any other information you needed from us.