Sales Tax Deptt watching accounts online

Published in The Hitavada CityLine on March 21, 2013

Beware! Sales Tax Deptt is watching your accounts online

By Kartik Lokhande

MUMBAI, March 20: In order to widen tax net and detect manipulations in accounts, Sales Tax Department has set up a Cyber Forensic Lab in the State. In fact, with the help of this facility, the department has collected ‘extensive information’ about tax evaders.

Cyber Forensic Lab is part of the automation exercise of Sales Tax Department. Automation is being done to increase tax collection efficiency. It is being updated further to achieve greater efficiency in tax administration. The lab has got ultra-modern facilities that will detect manipulations or tampering in books of accounts maintained on computers. Thus, online records of accounts will be under scanner of Sales Tax Department.

With automation, extensive information is available in electronic form with the department. Deputy Chief Minister and Finance Minister Ajit Pawar mentioned in his budget speech on Wednesday that Economic Intelligence Unit of Sales Tax Department was analyzing this data. Once the analysis was complete, it would help in augmenting revenue and curbing tax evasion. Armed with this information, the department is likely to initiate stringent action against tax evaders.

Meanwhile, Maharashtra Government has proposed amendment to Maharashtra Value Added Tax (MVAT) Act. It has proposed to allow dealers to file single revised return for entire year instead of revising all returns in the given year as per respective periodicity. They were required to revise all returns if any discrepancy was found in audit or business audit. Further, the proposed amendments aim at simplifying procedure for cancellation of uni-lateral assessment order after return defaulter has filed return.

Under the VAT system, lower rate of Central Sales Tax makes a large number of dealers eligible for refunds. To disburse these refunds speedily for ‘convenience of dealers’, the Government has proposed to allow adjustment of refund claim up to Rs 5 lakh in subsequent year. The admissible part refund shall be granted within three months of due date for filing audit report after preliminary verification.

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