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of <h1>Maharashtra Cuts MGST Rates on Handicrafts to Boost Sector; New Rates Effective July 27, 2018.</h1> The Government of Maharashtra, following recommendations from the GST Council's 28th meeting, has issued a notification to prescribe concessional Maharashtra Goods and Services Tax (MGST) rates on specified handicraft items. Effective from July 27, 2018, the notification exempts intra-state supplies of these goods from state tax exceeding specified rates. The handicraft items include handcrafted candles, handbags, carved wood products, wooden frames, statuettes, art ware of cork, handmade carpets, and various other artistic and cultural goods. The rates vary from 1.5% to 6% depending on the item, aiming to promote the handicraft sector by reducing tax burdens.
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