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of <h1>Small Businesses Can Opt for Composition Levy Under Maharashtra GST Act 2017, with Turnover Limits and Conditions</h1> Under the Maharashtra Goods and Services Tax Act, 2017, a registered person with an aggregate turnover not exceeding fifty lakh rupees in the previous financial year may opt for a composition levy instead of regular tax, subject to conditions. The levy rates are up to one percent for manufacturers, two and a half percent for certain suppliers, and half a percent for others. Eligibility excludes those engaged in inter-State supplies, certain services, or goods through e-commerce operators. The option lapses if turnover exceeds the limit, and ineligible persons opting for the scheme face penalties. The government may increase the turnover limit up to one crore rupees.
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