The Maharashtra Finance Department on April 01, 2021 has issued the Maharashtra Value Added Tax Criteria for Withdrawal (on the basis of probable revenue involved) of the assessment proceedings scheme, 2021.
The following regulations have been made:
• The scheme shall be applicable to all the pending assessment proceedings as on the date of the publication of the notification in the official gazette.
• A committee shall be formed for the overlooking of the withdrawal and to carry out proper assessment proceedings.
• The commissioner shall determine the probable revenue involved with the use of the business data warehouse tools or such other electronic data mining tools as may be necessary for this purpose.
• The commissioner from time to time shall issue the order which shall specify the pending proceedings for assessment.
[Notification No. VAT-1521/C.R. 1/Taxation-1]
