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of <h1>Maharashtra Amends Tax Notification for Composition Rules; Input Tax Credit Adjustments Required for Opting Individuals.</h1> The Government of Maharashtra has amended Notification No. 02/2019-State Tax (Rate) to allow for the application of Composition rules for individuals opting to pay tax under this notification. Effective April 1, 2019, registered persons choosing this option must debit their electronic credit or cash ledger equivalent to the input tax credit on stock and capital goods, causing any remaining input tax credit to lapse. Additionally, the Maharashtra Goods and Services Tax Rules, 2017, applicable to those paying tax under section 10, will also apply to individuals paying tax under this notification.
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