The Government of Maharashtra, on July 07, 2026, notified the Maharashtra Goods and Services Tax (Amendment) Act, 2026, to amend the Maharashtra Goods and Services Tax Act, 2017.
The following has been stated:-
•The Maharashtra Goods and Services Tax (Amendment) Act, 2026, amends the principal 2017 Act to refine provisions concerning discounts, credit notes, and tax refunds.
•Section 15(3)(b) is substituted to clarify that post-supply discounts are permissible if a credit note is issued and the recipient reverses the corresponding input tax credit.
•Section 34 is sequentially updated to include these specific post-supply discount credit notes within its regulatory scope.
•Additionally, Section 54 is amended to adjust refund processing rules for unutilised input tax credits and clarify exceptions for goods exported out of India with payment of tax.
•These statutory amendments will come into force on dates appointed by the State Government via official gazette notifications
The detailed notification is given in the document below.
[Notification No.: Maharashtra Act No. XXVII of 2026]
