MP commercial tax Online
Many states in India pioneered to adopt the VAT to replace the general sales tax. Madhya Pradesh was one among them. MP commercial tax department is implementing VAT as per the VAT Act of 2002. The MP value added tax rules have also seen lots of amendments for better transparency. The commercial tax department of MP is issuing VAT registration to the dealers. Find all information related to MP VAT including e-registration, forms, and e-filing returns. If you are registered under this tax, you also need to pay it as applicable. Regardless of the tax amount, dealers also have to file the returns. The returns of value added tax are the statement submitted on the monthly, quarterly, and yearly basis.
You can apply for VAT registration with a payment of Rs. 500/- fees. The application for registration is a procedure you can complete on the official website. Click the option for new registration at the homepage of the mptax.mp.gov.in. The template in excel format is available for downloading. The template in a zip file should be uploaded after filling up. For any query related to VAT related procedures, MP commercial tax has allotted a help desk. You can call the toll free number 180023300440 for any query and question related to commercial tax MP.
MP VAT Rates & Schedules
As in other states, the MP commercial tax department has categorized products into 4 different schedules. The schedules also include the products which are exempted from the value added tax. These products do not attract any VAT payment. However, you still need to file returns stating VAT paid as NIL. Find here the information of VAT rates and schedules of different products.
|MP VAT Rate||Products|
|Schedule I||Nil||Agricultural products, equipment used for farming, and essential products like food for animals. Fresh fruits, vegetables.|
|Schedule II||1%||Precious metals, precious stones and jewelleries made out of them.|
|Schedule III||5%||Utensils, bridge, and other such structures. Automated and agricultural equipment operated with machines and non-manual.|
15% to 22.5%
|Goods that are not covered under any of the above three schedules.
Certain products like plastic carry bags, cigarettes, and araneted drinks. Tobacco products attract higher range of VAT. VAT of 15 to 22.5% is levied on such products.
Madhya Pradesh VAT Returns
It is mandatory to file returns even if you have paid Nil commercial tax. Here is the procedure to e-returns through MP commercial tax website.
- E-return filing of Commercial tax MP
Follow the option of e-returns on this page. Login using your user id and password to file e-returns. The due dates are different depending upon the turnover. The value added tax returns are filed on the monthly, quarterly, and yearly basis. If the payable VAT exceeds Rs 10 lakhs, the returns are filed before 20th of the month. The yearly returns are filed before 30th of April every year. It is mandatory to file a return electronically on the site of MP commercial tax. The returns are not accepted manually.
MP Commercial Tax VAT Forms
Several forms are prescribed to fulfill different purposes. We have given information on the major MP VAT forms. The forms can be downloaded from the portal suggested above in the post.
|Form number||Purpose of Submission
|Form 5 A||Application for VAT registration|
|Form 6||Application for grant of registration certificate|
|Form 8||Application for cancellation of the VAT registration|
|Form 11||Application for renewal and grant of VAT exemption certificate|
|Form 23||Submitted for enrolling as a tax practitioner|
|Form 50||Non-registered dealer brings or sends goods to/from MP from/to other states.|
If you need form related to any other procedure, refer to mptax.mp.gov.in. The portal regularly updates information and new forms. Dealers can get necessary information on the newly introduced GST tax on this portal. Do you need information on GST registration in Madhya Pradesh? Click the option of GST Corner shown on the left-hand side menu on the homepage. The GST registrations are already open in Madhya Pradesh.
Above forms are available for downloading on the MP commercial tax site. The portal provides online facilities for e-payment of taxes. Right from the registration, payment, and returns, many procedures are now made online. Dealers do not have to worry about visiting the offices for the MP VAT formalities. The blog myincometaxrefund.in also updates similar information for Chhattisgarh state. Check how to file e-returns for CG commercial tax.