The Maharashtra Goods and Services Tax (Compensation to the Local Authorities) Act, 2017

In force 11 sections Maharashtra Govt of Maharashtra

An Act to provide for compensation to the Municipal Corporation of Brihan Mumbai and other local authorities for loss of revenue arising on account of abolition of octroi and local body tax, due to implementation of the goods and services tax and for matters connected therewith or incidental thereto.

Act 41 of 2017 Enacted 29 May 2017 Department Finance Department

Administered by. Govt of Maharashtra, Finance Department · Other Acts of 2017

Preamble

MAHARASHTRA ACT No. XLI OF 2017¹
[THE MAHARASHTRA GOODS AND SERVICES TAX (COMPENSATION TO THE LOCAL AUTHORITIES) ACT, 2017.]
[This Act received the assent of the Governor on the 28th May 2017; assent was first published in the Maharashtra Government Gazette, Part IV, on the 29th May 2017.]
An Act to provide for compensation to the Municipal Corporation of Brihan Mumbai and other local authorities for loss of revenue arising on account of abolition of octroi and local body tax, due to implementation of the goods and services tax and for matters connected therewith or incidental thereto.
WHEREAS, it is expedient to provide for compensation to the Municipal Corporation of Brihan Mumbai and other local authorities for loss of revenue arising on account of abolition of octroi and local body tax, due to implementation of the goods and services tax and for matters connected therewith or incidental thereto; it is hereby enacted in the Sixty-eighth Year of the Republic of India as follows :-

Sections

Type to filter. 11 sections.

1Short title, extent and commencement
2Definitions
3Projected growth rate
4Base year
5Base year revenue
6Projected revenue for first year
7Projected revenue for any other year
8Calculation and release of compensation
9Amendment of Schedule
10Power to make rules
11Power to remove difficulties

Schedules

This Act has 1 schedule. A schedule is published as a document of its own; the text is reproduced on its page where it has been read, and the document is mirrored here either way.

SCHEDULE119 words

Rules made under this Act

1 set of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.

Maharashtra Goods and Services Tax Rules, 2017.2025

Related Acts

The Maharashtra Goods and Services Tax Act, 2017187 sections
The Maharashtra Public Universities Act, 2016149 sections
The Maharashtra Metropolitan Region Development Authority Act, 201651 sections
The Maharashtra Acupuncture System of Therapy Act, 201541 sections
The Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 201740 sections
The Maharashtra Protection of People from Social Boycott (Prevention, Prohibition and Redressal) Act, 201622 sections
The Maharashtra Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 20169 sections
The Maharashtra Mineral Development (Creation and Utilisation) Fund (Repeal) Act, 20163 sections

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 11 sections of this Act has its own page. This page is not a substitute for legal advice.