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Taxation Maharashtra Ministry of Finance Maharashtra Goods and Services Tax Act, 2017

Maharashtra Goods and Services Tax (Second Amendment) Rules, 2023

16-Oct-2023 | 51/2023-State Tax

The Government of Maharashtra has issued Maharashtra Goods and Services Tax (Second Amendment) Rules, 2023, effective from 1st October 2023.

Key Highlights:

1. Registration Exemptions: Persons exempted from registration include non-resident taxable individuals, those mandated for tax deduction at source (under section 51), those required for tax collection at source (under section 52), and individuals providing specific online services from outside India.

2. Declaration of Details: Individuals liable for registration must furnish their Permanent Account Number (PAN) and specify their respective State or Union Territory in Part A of FORM GST REG-01. This can be completed directly or via a commissioner-designated Facilitation Centre.

3. Input Service Distributors (ISD): ISDs are required to submit a distinct registration application.

4. Value of Supply for Online Gaming: For online gaming, including actionable claims related to online money gaming, the value of supply is determined by the total amount paid or payable to the supplier. This encompasses money, money’s worth, and virtual digital assets provided by or on behalf of the player. Refunded or returned amounts are also considered.

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