Notification/Circular No.: Madhya Pradesh Bill No. 16 of 2026 dated on Jul 23, 2026
Applicable Act/Rule: Madhya Pradesh Goods and Services Tax Act, 2017
Applicable Section/Rule: Sections 15(3)(b), 34(1), 54(6) and 54(14)
Effective Date: Not specified; to be appointed by the State Government through notification.
The Government of Madhya Pradesh introduced the Madhya Pradesh Goods and Services Tax (Amendment) Bill, 2026, to amend provisions concerning post-supply discounts, credit notes and refunds under the Madhya Pradesh Goods and Services Tax Act, 2017. The uploaded document is a Bill, not confirmation of enactment.
The Bill proposes allowing post-supply discounts where the supplier issues a credit note and the recipient reverses the attributable input tax credit (ITC). It also proposes amendments to Section 34 concerning credit notes, Section 54(6) concerning refunds of unutilised ITC, and Section 54(14) concerning the threshold restriction on refund claims for goods exported from India with payment of tax.
Amendment
“(b) after the supply has been effected, if for such discount, a credit note has been issued by the supplier and the input tax credit, as is attributable to such discount, has been reversed by the recipient of the supply, in accordance with the provisions of Section 34.”
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