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Taxation Madhya Pradesh Ministry of Finance Madhya Pradesh Goods and Services Tax Act, 2017

Madhya Pradesh Goods and Service Tax (Amendment) Act, 2023

11-Aug-2023 | 2023-08-11-Ex-248

Government of Madhya Pradesh has introduced Madhya Pradesh Goods and Service Tax (Amendment) Act, 2023

The significant highlights of this Act are as follows:

1. Amendment of Section 17: In Section 17 of the principal Act, sub-section (3) is amended as follows:

The existing Explanation is replaced with a new explanation.
The expression value of exempt supply will not include the value of activities or transactions specified in Schedule 11, except:
(a) the value of activities or transactions specified in paragraph 5 of the said Schedule.
(b) the value of activities or transactions prescribed for clause (a) of paragraph 8 of the said Schedule.

A new clause (fa) is inserted in sub-section (5), which pertains to goods or services received by a taxable person for activities related to corporate social responsibility as per Section 135 of the Companies Act, 2013 (18 of 2013).

2. Amendment of Section 39: In Section 39 of the Principal Act, after sub-section (10), a new sub-section (11) is added.
(a) A registered person will not be allowed to furnish a return for a tax period after three years from the due date of furnishing the return.
(b) The Government, based on Council recommendations, can allow registered persons to furnish the return for a tax period beyond the three-year limit, subject to specified conditions and restrictions through a notification.
(c) These amendments aim to refine the provisions of the Goods and Services Tax Act in Madhya Pradesh.

Note: The provisions of the Act shall come into force on such date as the State Government may, by notification in the official Gazette, appoint.

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