VAT Annual Audit — Form 704. CA-Certified. Filed.
MVAT annual audit under Maharashtra VAT Act — Form 704 Annual Audit Report with books-to-returns reconciliation, set-off verification, schedule preparation, and CA certification filed by September 30. Also covers representation in commercial tax departmental audit proceedings.
Contact UsThe MVAT annual audit is the year-end compliance requirement for registered dealers with turnover above Rs 1 crore. Form 704 — the Annual Audit Report certified by a Chartered Accountant — must be filed by September 30 following the financial year. It covers annual turnover reconciled with books; rate-wise sales, purchases, and tax; set-off (ITC) verified; comparison of annual with monthly returns; C-Form/F-Form/H-Form summary; and the CA's certificate of correctness.
Form 704 is the primary basis for the commercial tax officer's annual VAT assessment. A well-prepared Form 704 that reconciles all monthly return figures with audited accounts and explains every difference significantly reduces assessment risk. A delayed, incomplete, or inconsistent Form 704 invites scrutiny and adverse assessment findings.
For pre-GST periods, many businesses have pending Form 704 reports for FY 2012-13 to 2016-17 — we prepare and certify these delayed reports to provide a defensible annual record for outstanding assessments and appeals.
Our VAT Annual Audit Services
Form 704 — MVAT Annual Audit Report
Preparation and filing of Form 704 with full reconciliation and CA certification — by September 30 each year.
Books-to-Returns Reconciliation
Annual turnover per audited accounts reconciled against monthly/quarterly MVAT returns — differences explained.
Set-Off Verification
Set-off claims verified against TIN-valid purchase bills — reduction rules and capital goods credit correctly applied.
Schedule Preparation for Form 704
Rate-wise sales, purchase, C-Form summary, and tax payment schedules for all Form 704 annexures.
Departmental VAT Audit Representation
Assistance and representation during commercial tax department audits for petroleum/liquor dealers and pre-GST legacy proceedings.
Pre-Assessment Reconciliation
Pre-assessment reconciliation of returns with books before the officer commences assessment.
Form 704 for Pre-GST Periods
Delayed Form 704 reports prepared for FY 2012-13 to 2016-17 with full reconciliation and CA certification.
Annual VAT Return Preparation
Annual MVAT return consolidating all monthly/quarterly returns for the full financial year.
Our Process
Annual Data Compilation
Monthly returns, payment challans, purchase bills, and audited financial statements compiled for the audit year.
Reconciliation
Annual turnover per books reconciled against MVAT returns — rate-wise. All differences identified and explained.
Set-Off Review
Set-off claims reviewed against purchase bills — TIN validity, rate correctness, and reduction rule application confirmed.
Form 704 Preparation
All schedules prepared, differences explained, CA certification applied. Report reviewed before submission.
Filing & Assessment Readiness
Form 704 filed by September 30. Assessment file with all supporting documents organised.
Why It Matters
Frequently Asked Questions
Need your MVAT Form 704 annual audit report prepared and filed?
We prepare Form 704, reconcile turnover with books, verify set-off, complete schedules, apply CA certification, and file by September 30 — complete audit protection for your VAT position.
