Features of MVAT

  • You are here:
  • Home
  • Features

Softeware Features of MVAT

  MVAT is a bundle of complete value added tax solutions for Gujarat, including M VAT.

 Value Added Tax is a multi point sales tax with set off for tax paid on purchases. It is basically a tax on the value addition on the product. The burden of tax is ultimately born by the consumer of goods. In many aspects it is equivalent to last point sales tax. It can also be called as a multi point sales tax levied as a proportion of Valued Added.

 MVAT is a simple, fast and comprehensive Form 201 generating Software. It comes with editable Form 201 (original, correction/revised and final returns), URD purchase management, Gross Profit analysis, DOS and Excel printing of Form 100 and Challan Printing in Quick and Excel.

 MVATInfo unique by itself and is serving large number of Chartered Accountants, Tax Practitioners, Consultants, Corporate and Trade and Industry. M VAT Info is like a jewel in the crown, in your library, which makes your Profession brighter and remain as the best bet for information on Commercial Tax Laws

 MVAT, makes the process of converting user data to XML as prescribed by Commercial taxes Department, Gujarat. The software, lighter in Size, allows the user to make simple entry in an Excel spreadsheet and converts that Excel data to XML, by click of a button.

Features:

A) COMPUTATION OF VAT

 All Calculation done Automatically. Available All Commodities Online.
 Fully futured VAT computation in one page summary sheet (only for office purpose).
 All Data Transfer in Form No. 201 for VAT tax and Form No. 38 for CST Tax.
 Direct login to govt. Website(www.commercialtax.gujrat.gov.in) .
 All Deduction and addition available in OGS / LOCAL sale/purchase.
 "Direct Login to monarch's website for software update .
 SAVE ALL GUI Report Automatic Save As PDF Format
 Tax Free items deduction and reduction against Form "F" and Direct Export against Form "H" Reduction & Deduction in Local/Services/Others charges of LOCAL/OGS/Work contract.
 OGS Calculation and Deduction also Done.
 Automatic data validation & FVU generation in just one click with the

B) APPLICATION FORMS

 Convenient & systematic data entry with user-friendly interfaces
 Form No. 101 : In GUI Format.
 Form No. 101A : Details of additional place of business/branches/godowns in Gujarat State.
 Form No. 101B : Address of branches/godowns located outside Gujarat State.
 Form No. 101C : Particulars of Partners/directors/persons responsible for the business.
 Form No. 101D: Partners/Directors/Persons responsible details.
 Form No. 101E: Additional Information of Business {Rul 14(1)}.
 CST Reg. : Application for Certificate of Registration.

C) PRIMARY FORMS

  Form No. 102: Certificate of Registration.
 Form No. 103: Application for Cancelling for Registration.
 Form No. 105: Security for u/s. 28 and 67(16).
 Form No. 106: Declaration / Revised Declaration regarding Manager of the Business.
 Form No. 107: Revised Declaration regarding Bank Accounts.
 Form No. 108: Statement of Goods Held in Stock on 31 March, 2006.
 Form No. 604: Authorisation u/s. 81.

D) SPECIFIC FORMS

 Form No. 206: Application for grant of permission to file Seprate Return.
 Form No. 209: Application for Exemption From Filing Return u/s. 29(2).
 Form No. 210: Application for permission to Pay Lum Sum Tax in Lieu of Tax u/s. 14.
 Form No. 210A/B : Application for Payment of Lum Sum Tax.
 Form No. 211: Permission for Payment of Lum Sum Tax u/s.14.
 Form No. 211A/B : Permission for Payment of Lum Sum Tax.
 Form No. 212: Return for the dealer dealing in commodities mentioned in schedule III.
 Form No. 213: Daily A/C. of Commodities mentioned in schedule III for the month.
 Form No. 214A: Application Forms for Permission of Work Contract.
 Form No. 403: Declaration for goods entering in to the state from outside the state.

E) INCOME TAX AND AUDIT REQUIREMENTS

 Party wise Purchase Tax Summary.
 Account Confirmation.
 Statement of Interest.
 Statement of maximum Amount outstandin.

F) SALES TAX REQUIREMENTS

 Sales and Purchase Tax Summary.
 Item wise Sales Tax Calculation.
 VAT Invoicing (Tax/Retail).
 VAT Register/Summary Group wise.
 Party/Book wise VAT Summary.
 VAT Forms 201A, 201B.
 Generate Excel, CSV File.

G) UTILITIES

 Data Freezing.
 Month Look.
 Pop-Up Calculator.
 Year wise Data backup and Restore.
 Password Facility.
 Offline update for transaction Analysis.
 Zoom system for advance editing and Multi entry function.
 Multi company accounting.

H) SPECIAL FEATURES

 All Calculation Done Automatically.
 Available All Commodities Online.
 Fully futured VAT computation in one page summary sheet ( only for office purpose) .
 All Data Transfer in Form No. 201 forVAT tax & Form No.3B for CST tax.
 Direct login to govt. Website(www.commercialtax.gujrat.gov.in) .
 All Deduction and addition available in OGS / LOCAL sale/purchase.
 "Direct Login to monarch's website for software update .
 SAVE ALL GUI Report Automatic Save As PDF Format.
 Tax Free items deduction and reduction against Form "F" and Direct Export against Form "H" Reduction & Deduction in Local/Services/Others charges of LOCAL/OGS/Work contract..
 OGS Calculation and Deduction also Done.
 Automatic data validation & FVU generation in just one click with the Convenient & systematic data entry with user-friendly interfaces
 Facility to auto update the software.
 Generation & printing of various types of customized utility reports.
 Report generation in GUI formats
 The software covers F.Y. 2010-11 and above financial years since commencement of quarterly eTDS & eTCS returns
 Auto selection of the FVU with respect to the financial year selected
 Generation & printing of various types of customized utility reports.