The Maharashtra Finance Department notified the Maharashtra VAT Criteria for Withdrawal (on the basis of probable revenue involved) of the Assessment Proceedings Scheme, 2021.
The objective of the government behind notifying the scheme is to decide the criteria for withdrawal of the assessment proceedings based on threshold revenue earnings, below which assessment proceedings may be withdrawn and complete the assessments that may remain after such withdrawal, in a time-bound manner.
As per the scheme, the committee for considering the suitability of the pending assessment cases that may be the Commissioner may facilitate the identification of cases on the basis of criteria where assessment proceedings which may be withdrawn, constitute a Committee called “the Committee for withdrawal of pending Assessment Proceedings” or assign the work to the Committee constituted under the earlier Scheme.
The Commissioner is empowered under the scheme to appoint the member of the Committee.
The Committee shall, identify the pending assessment proceedings which may be withdrawn on the basis of criteria mentioned in clause 6 and make recommendation to the Commissioner in this behalf and perform other work as may be assigned by the Commissioner for the purposes of the Scheme.
The Commissioner may determine probable revenue involved with the use of Business Data Warehouse Tools (BIDW) or such other electronic data mining tools, as may be necessary for this purpose.
The Commissioner may, for this purpose use electronic data related to Registration, Returns, Audit Report and Payments so received or, as the case may be, the inputs received from the Government Departments or the Government Agencies.
As per the Scheme once the list for withdrawal of the pending assessment proceeding is published on the Official Website of the Sales Tax Department, then it shall be deemed that the said assessment proceeding stands abated from the stage where it was left and no assessing authority shall be empowered to proceed further, in respect of the pending assessment, so withdrawn.
The Commissioner shall, from time to time, publish the order containing the list of the cases where the pending assessment proceedings are withdrawn for each year on the Official Website of the Sales Tax Department.