To amendment to Notification No. 8/2017-State Tax dated 29.06.2017 so as to align the rates for Composition Scheme with MGST Rules, 2017 - 5/2019—State Tax - Maharashtra SGST
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Composition Scheme rates aligned to MGST Rules, substituting a rule-based tax calculation reference and changing composition tax basis. The notification amends the composition scheme provision by substituting the prior turnover percentage wording with a provision that tax shall be calculated at the rate specified in rule 7 of the Maharashtra Goods and Services Tax Rules, 2017, thereby aligning the State composition levy with the MGST Rules and taking effect from the first day of February, 2019.
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Provisions expressly mentioned in the judgment/order text.
Composition Scheme rates aligned to MGST Rules, substituting a rule-based tax calculation reference and changing composition tax basis.
The notification amends the composition scheme provision by substituting the prior turnover percentage wording with a provision that tax shall be calculated at the rate specified in rule 7 of the Maharashtra Goods and Services Tax Rules, 2017, thereby aligning the State composition levy with the MGST Rules and taking effect from the first day of February, 2019.
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