GST amendment expands retrospective exemptions and strictens penalties for benefit retention, alters registration, invoice and transitional credit rules. The Act amends the Maharashtra GST law to add services to levy provisions, revise invoice and documentation rules, expand grounds for registration cancellation and extend specified procedural periods; it prescribes form of tax deduction certificates, creates penal liability for persons who retain benefits of transactions tied to tax evasion or wrongful input tax credit, broadens offence language to include causing and retaining benefits, extends the assessment limitation period, deletes specified Schedule II language, grants limited retrospective exemptions for particular supplies, and repeals the earlier Ordinance with savings.
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Provisions expressly mentioned in the judgment/order text.
GST amendment expands retrospective exemptions and strictens penalties for benefit retention, alters registration, invoice and transitional credit rules.
The Act amends the Maharashtra GST law to add services to levy provisions, revise invoice and documentation rules, expand grounds for registration cancellation and extend specified procedural periods; it prescribes form of tax deduction certificates, creates penal liability for persons who retain benefits of transactions tied to tax evasion or wrongful input tax credit, broadens offence language to include causing and retaining benefits, extends the assessment limitation period, deletes specified Schedule II language, grants limited retrospective exemptions for particular supplies, and repeals the earlier Ordinance with savings.
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