The Government of Maharashtra, on the recommendations of the Council, has made further amendments in the Notification of Finance Department No. GST-1517/C.R. 103 (17) / Taxation- 1 dated June 29, 2017, [Maharashtra Government Gazette, Part IV-B, Extra-ordinary No. 182, dated the 29th June 2017].
In the said notification,
(a) in clause (i), for the words ‘‘one per cent. ’’, the words ‘‘half per cent.’’ shall be substituted ;
(b) in clause (iii), for the words ‘‘ half per cent. of the turnover ’’, the words ‘‘ half per cent. of the turnover of taxable supplies of goods ’’ shall be substituted.
The amended paragraph now states that eligible registered person, whose aggregate turnover in the preceding financial year did not exceed on rupees, may opt to pay, in lieu of the state tax payable by him, an amount calculated at the rate of provided in Rule 7 of the Maharashtra Goods and Services Tax Rules, 2017, given below:
(i) half per cent. of the turnover in State in case of a manufacturer,
(ii) two and a half per cent. of the turnover in State in case of persons engaged in making supplies referred to in clause (b) of paragraph 6 of Schedule II of the said Act, and
(iii) half per cent. of the turnover of taxable supplies of goods in State in case of other suppliers.
[Notification No. MGST-1018/C.R. 06/Taxation-1] [Notification No. 1/2018––State Tax]