Finance Update - Confia Interactive Finance Team

MVAT Updates

MAVT ACT, 2002

Notifications

1) The Legislative Assembly has enacted Maharashtra Act VIII of 2013 dated 25.4.2013 by which the LA Bill XI of 2013 is converted into Act. The amendments in this Amendment Act are to carry out the proposals made in Budget 2013-2014.

2) The Governor of Maharashtra has notification dated 25.4.2013, by which the provisions of above Amendment Act VIII of 2013 are brought into effect from 1.5.2013.

3) The Government of Maharashtra has also enacted Maharashtra Act No. IV of 2013 dated 12.4.2013, so as to convert the Ordinance V of 2013 into Act. By this Act the time limit for assessments for the years 2005-2006 and 2008-2009 is extended upto June,2013.

4) The Government of Maharashtra has also issue Corrigendum dated 26.4.2013 to Notification dated 20.3.2013 so as to make corrections in entries amended earlier by above notification dated 20.3.2013.

-Confia Interactive

  Finance Team