The Government of Madhya Pradesh on August 18, 2023, issued the Madhya Pradesh Goods and Services Tax (Amendment) Act, 2023 to further amend the Madhya Pradesh Goods and Services Act, 2017.
This shall come into force on such date as the state government may by notification in the official gazette appoint.
The following has been amended namely: -
(i) In section 10 which states “Composition levy” the following shall be amended namely: -
(ii) In subsection (2), in clause (d), the words "goods or" shall be omitted;
(iii) In sub-section (2A), in clause (c), the words "goods or" shall be omitted.
(iv) Section 16 which states “Eligibility and conditions for taking input tax credit”
(v) in sub-section (2) In the second proviso, for the words "added to his output tax liability, along with interest thereon", the words and figures "paid by him along with interest payable under Section 50" shall be substituted;
In the third proviso, after the words "made by him", the words "to the supplier" shall be inserted.
(vi) In Section 17 which states “Apportionment of credit and blocked credits”, in sub-section (3),
(a) For the Explanation, the following explanation shall be substituted, namely: —
"Explanation.—For the purposes of this sub-section, the expression "value of exempt supply" shall not include the value of activities or transactions specified in Schedule III,
except,—
(i) the value of activities or transactions specified in paragraph 5 of the said Schedule; and
(ii) the value of such activities or transactions as may be prescribed in respect of clause (a) of paragraph 8 of the said Schedule."
[Notification No. 21/2023]
