Notification/Circular No.: Maharashtra Act No. XXVII of 2026 dated on Jul 7, 2026
Applicable Act/Rule: Maharashtra Goods and Services Tax Act, 2017
Applicable Section/Rule: Sections 15(3)(b), 34(1), 54(6) and 54(14)
Effective Date: Effective Date: Not specified; to be appointed by the State Government through notification.
The Maharashtra Legislature amended the Maharashtra Goods and Services Tax Act, 2017, through the Maharashtra Goods and Services Tax (Amendment) Act, 2026, which received the Governor’s assent and was published in the Maharashtra Government Gazette on July 7, 2026.
The amendment revises provisions relating to post-supply discounts, credit notes and refunds. A post-supply discount may be excluded from the value of supply where the supplier issues a credit note and the recipient reverses the attributable input tax credit (ITC). Section 34 is amended to include such discounts in the provisions concerning credit notes. Section 54 is amended regarding refunds of unutilised ITC and the treatment of refund claims relating to exported goods on payment of tax.
“(b) after the supply has been effected, if for such discount, a credit note has been issued by the supplier and 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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