Enhanced monetary limit for selection of cases for assessment under Maharashtra Assessment Scheme

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The Finance Department of Maharashtra vide Notification No. VAT-1521/C.R. 1(A)/ 45/Taxation-1, dated April 1, 2021, has issued the ‘Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment (Amendment) Scheme, 2021’ to further amend Clause 6(2) of the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment Scheme, 2018 (“Scheme”), that deals with criteria for selection of the cases for assessment, in a following manner:

  • Increased the probable revenue earnings for selection for the assessment from INR 2.5 lakhs to INR 10 lakhs.

The amended Clause 6(2) of the Scheme now reads as below:

“6. Criteria for selection of the cases for assessment.—

(2) Cases having probable revenue earnings of rupees ten lakh or more for a given year, determined on the basis of one or more criteria given in sub-clause (1) above, whether said criteria are applied singly or jointly, shall be selected for the assessment.”

  • Further, following proviso has been inserted after the existing proviso in Clause 6(2) of the Scheme:

“6. Criteria for selection of the cases for assessment.—

Provided further that, in case of the dealers, whose registration certificate is not deemed to have been cancelled under sub-section (6A) of section 16 of the Act, the provisions of this sub-clause shall not be applicable for the periods starting from the 1st July 2017”.

The Notification can be accessed at: https://www.mahagst.gov.in/sites/default/files/notification/Amendment.pdf

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