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e-Return & e-Payment under MVAT Act

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Information about e-Return & e-Payment under MVAT Act
Technology

Published on March 10, 2014

Author: NimeshDedhia

Source: slideshare.net

Description

e-Return & e-Payment under MVAT Act
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e-payment of VAT *************************************** By CA. NIMESH DEDHIA Email: nmdedhia@gmail.com

Applicability • e-payment is made compulsory for the monthly return by Notification No. VAT1510/CR-64/Taxation-1 dt.26.05.2010 w.e.f. 01/06/2010 • e-payment is made compulsory for the quarterly return by Notification No. VAT1510/CR-90/Taxation-1 dt.28.07.2010 w.e.f. 01/10/2010 • Procedure for e-payment has been explained by Trade Circular No. 8T of 2010 dt. 06-022010.

Method of e-payment • Banks Integrated with MSTD website • E-payment directly from bank's website

Banks Integrated with MSTD website

E-Payment Directly From Bank's Website • • • • • • • • • • • • • • • • STATE BANK OF INDIA STATE BANK OF HYDERABAD STATE BANK OF TRAVANCORE STATE BANK OF INDORE STATE BANK OF MYSORE STATE BANK OF BIKANER & JAIPUR STATE BANK OF PATIALA IDBI BANK CORPORATION BANK UNION BANK OF INDIA BANK OF INDIA BANK OF MAHARASHTRA BANK OF BARODA PUNJAB NATIONAL BANK INDIAN OVERSEAS BANK ……..

Banks Integrated with MSTD website Click Here

Fill the necessary details and the click on “Validate” Click Here

After Clicking “PAY” Button, GRN will be generated and payment summary Page will be opened.

After Clicking PAY Button of Payment Summary, you will be directed to respective Banks Net Banking Page formaking e-Payment. Continue with the Banks User ID & Password and follow the Payment Procedure as directed by the respective banks and take a printout of the e-payment Acknowledgement.

E-Payment Directly From Bank's Website • Open Bank’s Website, for eg: open state bank’s website, do the login Click on “ETax Option

On next page, select State Government & Tax Type, then click on Submit

Fill all required details, then click on submit

• After click on Submit Button, it will confirm you again for payment of tax. • Then after confirming, it will generate VAT Tax Challan. • Save the challan to your computer & take the print.

E-Filing of MVAT Returns

Download the e-Return forms 15

DOWNLOADING OF E-RETURN TEMPLATE Click on option “Electronic Forms” 16

DOWNLOADING OF E-RETURN TEMPLATE  Select Required E Return Form and Click  Download and Save on your PC 17

PREPARATION OF RETURN Fill the Data in E-Return Template Ensure all mandatory fields highlighted in RED COLOUR are properly filled 18

PREPARATION OF RETURN Check For MICRO setting and ensure that it is kept at Medium or Low Tools >> Macro >> Security level = Medium or Low. After setting of Micro Security Level Save the change & close the file. 19

PREPARATION OF RETURN • Open the Same file again. • The following message will display. • Please select option “Enable Macro”. 20

PREPARATION OF RETURN Ensure Complete Filling E- Return Validate it by Pressing “Press To Validate” Button 21

PREPARATION OF RETURN • Check for Errors on Error Sheet. 22

PREPARATION OF RETURN And Ensure that there are no errors in the Return 23

PREPARATION OF RETURN  Save the Return on your PC and after Pressing “PRES TO VALIDATE” Button, file with “– rem” will be saved in my documents folder. Now this file is ready for e-filing. 24

UPLOADING OF FORMS •Login to website www.mahavat.gov.in Click Here

UPLOADING OF FORMS •Enter login as first 11 digit “TIN” •Enter Password which is created during user registration •Select Type as “ Dealer” •Press “Submit” Enter “TIN” first 11 Digit Select Type As “ Dealer” Enter Password Created during user Registration

LOGIN After login Following page is displayed, with your name or TIN Click on “e-Return” link 27

UPLOADING THE RETURN After clicking on the E-returns link following page will be displayed, Browse for the saved forms on Your PC , then click on button Validate & upload. 28

ACKNOWLEDGEMENT An acknowledgemen is generated after Successful uploading of E Returns. In case of errors in form “ Error Report is generated”. Please correct the data to make error free and UPLOAD E Return again 29

ACKNOWLEDGEMENT •Press Print to take print out Or Click on Download as PDF and Save to our Computer 30

SUBMISSION OF COPY OF ACKNOWLEDGEMENT No Need for Sbmission of Signed Hard Copy to Department after Sumitting E-Enrollment 31

Thank you Email: nmdedhia@gmail.com

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