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of <h1>Maharashtra Amends Tax Rate for Manufacturers Under Composition Scheme to 0.5% Effective January 1, 2018.</h1> The Government of Maharashtra has amended Notification No. 8/2017-State Tax to revise the effective tax rate under the composition scheme for manufacturers and other suppliers. The amendment, effective from January 1, 2018, changes the tax rate in clause (i) from 'one per cent' to 'half per cent' and specifies in clause (iii) that the 'half per cent' applies to the turnover of taxable supplies of goods. This amendment is issued under the Maharashtra Goods and Services Tax Act, 2017, following recommendations from the Council.
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