What Changes Are Proposed in the Maharashtra GST Amendment Bill?
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Synopsis
Discover how the new Maharashtra GST Amendment Bill aims to streamline tax processes and enhance transparency for taxpayers. With 13 significant amendments, this bill promises to simplify legal compliance and improve services in the state. Find out what these changes mean for you!
Key Takeaways
- 13 amendments proposed for the Maharashtra GST Act, 2017.
- Focus on transparency and convenience for taxpayers.
- 10% advance payment for appeals involving penalties.
- New provisions applicable to Special Economic Zones.
- Retrospective amendments from July 1, 2017.
Mumbai, July 3 (NationPress) - On Thursday, Deputy Chief Minister and Finance Minister Ajit Pawar presented the Maharashtra Goods and Services Tax (Amendment) Bill, 2025 in the Assembly, aiming to revise the Maharashtra Goods and Services Tax Act, 2017 with a total of 13 amendments.
The purpose of this bill is to implement amendments in the Central GST Act at the state level, aligning with the Finance Act, 2025, which was passed by the Central government in March 2025. This will foster uniformity between Central and state regulations, enhancing convenience and transparency for taxpayers.
The proposed amendments include updates on input service distributors, time of supply, distribution of deposits, appeal processes, track and trace mechanisms, and specific goods supply provisions.
Changes have been suggested for Sections 2, 12, 13, 17, 20, 34, 38, 39, 107, 112, 122, 148, and the Schedule. Notably, the new provisions will apply to goods supplied in Special Economic Zones or Free Trade Warehouses. Appeals that only involve penalties will now require a 10% advance payment instead of the previous 25%.
Additionally, the bill introduces a new provision allowing a 10% pre-deposit for appeals to the Appellate Tribunal concerning penalties without tax demands. Section 122 B is set to impose penalties for violations related to the Track and Trace Mechanism under section 148A, and amendments to Schedule III will have a retrospective effect from July 1, 2017.
As a result of these amendments, goods stored in a Special Economic Zone or Free Trade Warehousing Zone prior to export clearance or for the Domestic Tariff Area will not be classified as either goods or services.
The Deputy Chief Minister emphasized that these amendments transcend mere legal compliance, focusing on providing accessible and transparent services to taxpayers. This is a significant step in enhancing the efficiency of the GST system.
Point of View
This bill represents a strategic move towards harmonizing tax regulations at both central and state levels. The emphasis on transparency and efficiency in tax administration reflects a broader commitment to enhancing taxpayer services across India.
NationPress
03/07/2025
Frequently Asked Questions
What is the Maharashtra GST Amendment Bill?
The Maharashtra GST Amendment Bill seeks to revise the Maharashtra GST Act, 2017, with 13 amendments to improve transparency and services for taxpayers.
What are the key changes proposed?
The bill includes updates on input service distributors, time of supply, appeal processes, and introduces penalties related to the Track and Trace Mechanism.
How does the bill affect penalties for appeals?
Appeals involving only penalties will now require a 10% advance payment instead of 25%, making it easier for taxpayers to contest penalty demands.
What is the significance of the bill for taxpayers?
The amendments aim to create a more transparent and accessible tax system, ultimately benefiting taxpayers through improved services.
When will the changes take effect?
Certain provisions will have a retrospective effect from July 1, 2017, particularly concerning the supply of goods in Special Economic Zones.
