Evidence of compliance under Section 15(3)(b)(ii) withdrawn; Commissioner rescinds prescribed procedure for uniformity, report difficulties to Commissioner.
The Commissioner has withdrawn Trade Circular No. 06/2024, removing the previously prescribed procedure for suppliers to provide evidence of compliance with the relevant condition of the West Bengal Goods and Services Tax Act; the procedure shall no longer be required. The withdrawal is effected under the Commissioner's administrative powers to ensure uniform implementation, and difficulties in implementation may be reported to the Commissioner.

Non-convertible securities issuance and listing: consolidated SEBI rules on ASBA/UPI, T+3 timelines, EBP/RFQ platforms, ISIN limits and green disclosures.
This Master Circular consolidates SEBI operational directions on issuance and listing of non-convertible securities and related instruments, prescribes ASBA/UPI application mechanics, roles of SCSBs, intermediaries, stock exchanges and RTAs, standardises listing timelines with optional T+3 acceleration, sets EBP and RFQ platform rules, caps ISIN fragmentation, mandates LEI reporting, requires issuer disclosures and third-party review for green debt securities, and details governance, reporting and settlement obligations including contributions to the LPCC Settlement Guarantee Fund.

Disclosure of allocation methodology: Angel Funds must follow PPM methodology for allocations after extended compliance deadline.
Existing Angel Funds must disclose a defined allocation methodology in their Private Placement Memoranda and ensure that any investment made after the extended compliance date is allocated in accordance with the methodology disclosed in the PPM.

Permanent Trade Facilitation Committees strengthen customs clearance through fortnightly consultation, grievance monitoring, stakeholder coordination and escalation mechanisms.
Permanent Trade Facilitation Committees at each Customs station must meet fortnightly with expanded representation from Customs, trade participants, DGFT, custodians, partner government agencies, shipping lines, logistics providers, trade councils and Customs Brokers. They monitor clearance timelines, address bottlenecks and trade grievances, oversee TSKs, AEM and the ICEGATE helpdesk, and escalate unresolved matters to NACs. A Single Point of Contact must support coordinated clearance, while local issues are to be discussed with relevant agencies and trade bodies.

Faceless assessment compliance requires complete Bill of Entry documentation, clear product particulars and specific query responses for faster clearance.
Faceless assessment requires complete and properly linked e-Sanchit uploads with the Bill of Entry to support correct self-assessment, classification, valuation and duty claims. Importers should provide clear goods descriptions, technical particulars, catalogues, end-use information, value documents and manufacturer details where relevant. Exemption claims must be supported by documents demonstrating compliance with applicable conditions. Required registrations, certificates, licences and import-monitoring information should be completed before filing. Query responses must be specific and exhaustive, while provisional assessment requests must state the reason. Additional documents may be required depending on the goods and assessment needs.

Diamond Imprest Authorisation requires Mumbai-only trade, physical exports 0.25 carat, 10% value addition and customs security requirements.
Diamond Imprest Authorisation (DIA) provisions require online application in ANF 4J; imports/exports only via Mumbai Airport; exports to discharge obligation must be physical Natural Cut and Polished Diamonds 1/4 carat with no one-to-one correlation required; minimum 10% value addition realised in Freely Convertible Currency; Para 2.52(d) not applicable; deemed exports prohibited. Before customs clearance, holder must execute a Bond equal to export obligation and a performance Bank Guarantee equivalent to duty foregone. DIA validity 12 months, export obligation 18 months, one authorisation per IEC per year; fulfilment filed in ANF 4K; default regularised by duty with interest and 1% FOB shortfall payment.

Extension of KYC filing deadline allows DIR-3-KYC and DIR-3-KYC-WEB to be filed without fee.
The Ministry permits submission of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without payment of the filing fee for filings made up to 31st October, 2025, extending the compliance period and continuing relief from General Circular No. 04/2025, with approval of the Competent Authority.

Single unified electronic customs bond replaces transaction-specific bonds through digital execution and linked electronic bank guarantees.
Single Unified Multi-Purpose Electronic Bonds permit importers and exporters to use one All-India electronic customs bond for selected obligations instead of separate transaction-specific bonds at different ports. Applications are created through ICEGATE, scrutinised by jurisdictional customs officers, and electronically stamped and signed through NeSL using Aadhaar-based authentication. e-Bank Guarantees issued by integrated banks may be validated and linked online to electronic or physical bonds. Manual bonds and guarantees for specified scenarios cease to be accepted from 31 October 2025, subject to exceptional prior approval; existing manual bonds continue until expiry.

Electronic CSD GST refunds require validated supplier filings, quarterly claims, invoice checks, and reversal of related input tax credit.
CSD must file section 55 refund claims electronically in FORM GST RFD-10A for qualifying inward goods supplied onward to Unit Run Canteens or authorised customers. Claims may be quarterly or combined for multiple quarters, must be filed within two years from the relevant quarter, and require supplier-reported invoices, supplier return compliance, an undertaking on intended use, and a no-prior-refund declaration. Portal validation limits the claim to fifty per cent of eligible tax and prevents enhancement of auto-populated amounts. The proper officer verifies compliance, invoice eligibility, and reversal of related input tax credit before issuing FORM GST RFD-06.

Additional IGST refund claims after export price increases must be filed electronically with evidence of revised consideration.
Refund of additional IGST paid after an upward revision of export-goods price must be claimed electronically in FORM GST RFD-01 and is processed by the jurisdictional GST officer under rule 89. Pending a separate portal category, the claim is filed under "Any other" with specified remarks, statements 9A and 9B, and supporting evidence. Eligibility requires proof of revised contractual price, payment of additional IGST and interest, reporting in GSTR-1 and GSTR-3B, and receipt of corresponding additional foreign exchange remittance.

Continuous supply of services determines GST timing for hybrid annuity highway contracts, including construction, maintenance, and interest components.
A HAM concession arrangement for highway construction and operation and maintenance is treated holistically as a continuous supply of services and cannot be split according to staggered payment terms. For payments due on specified dates or completion of events, time of supply is the earlier of invoice issuance and payment receipt where the invoice is timely issued. If not timely issued, it is the earlier of service provision, treated as the contractual payment due date for continuous supplies, and payment receipt. Interest included in annuity instalments forms part of taxable value.

Custodial services to foreign portfolio investors fall under the default place-of-supply rule, not account-holder services.
Custodial services supplied by banks or financial institutions to Foreign Portfolio Investors are not services supplied to an "account holder" for determining place of supply. Although custodial arrangements involve maintaining accounts of securities held by FPIs, they are distinct from services linked to deposit accounts bearing interest to the depositor. Custodial services must therefore be governed by the default place-of-supply rule under section 13(2) of the Integrated Goods and Services Tax Act, 2017, rather than the special rule for account-holder services under section 13(8)(a).

Input tax credit for optical-fiber network ducts and manholes remains available because they qualify as plant and machinery.
Input tax credit on ducts and manholes forming part of an optical fiber cable network used to provide telecommunication services is not restricted under the blocked-credit provisions concerning construction of immovable property. Ducts housing optical fiber cables and manholes serving as network nodes are treated as plant and machinery because they facilitate signal transmission and are necessary for laying, upkeep and maintenance of the network. They do not fall within the specified exclusions for land, buildings, civil structures, telecommunication towers or external pipelines.

Related-party loan processing remains outside GST where consideration consists solely of exempt interest or discount.
Loans, credit or advances provided between related parties constitute a supply even without consideration, but extending loans is exempt where consideration consists solely of interest or discount. Separate processing fees, administrative charges, service fees or loan-granting charges are taxable consideration for loan-processing, facilitation or administration services. Where related-party lending involves no charge other than interest or discount, no processing or administration service may be deemed merely due to the relationship, and open-market-value valuation does not apply. Additional charges over interest or discount remain taxable.

Input tax credit on reimbursed vehicle repairs remains available to insurers when invoices name them and claims are approved.
Input tax credit on motor vehicle repair services is available to an insurer settling claims through reimbursement where the garage invoice is issued in the insurer's name and the insurer reimburses the approved repair cost. The insurer is treated as the recipient to the extent of its approved payment liability, notwithstanding that the insured initially pays the garage. Where repair costs exceed the approved claim amount, credit is limited to the amount reimbursed by the insurer. Credit is unavailable if the repair invoice is not issued in the insurer's name.

Extended warranty GST classification distinguishes composite goods supplies from independently supplied assurance services and warranty replenishment mechanisms.
Warranty replacement treatment extends to replacement of defective goods as well as parts. Where a distributor replaces goods or parts from its own stock under warranty on behalf of the manufacturer and receives replenishment through a delivery challan without separate consideration, no GST is payable on replenishment and the manufacturer need not reverse input tax credit. Extended warranty is part of a composite supply only when supplied with goods by the same supplier; warranties supplied by another person or after the original supply are separate taxable supplies of services.

Full input tax credit and related-party service imports permit nil deemed valuation where no invoice is issued.
Where a registered person in India imports services from a related foreign person and is eligible for full input tax credit, the value declared in the invoice is deemed to be the open market value under rule 28(1). This treatment applies to related persons as well as distinct persons. Tax remains payable by the Indian recipient under reverse charge, with a self-invoice required. If no invoice is issued for particular imported services and full input tax credit is available, the value may be treated as nil and deemed to be the open market value.

Place of supply for unregistered recipients follows the delivery address recorded on the invoice when billing and delivery addresses differ.
For goods supplied to an unregistered recipient, the place of supply is the recipient's address recorded on the invoice, or the supplier's location if no recipient address is recorded. Recording the recipient's State name is deemed to be recording an address. Where the billing and delivery addresses differ, including through e-commerce platforms, the delivery address recorded on the invoice determines the place of supply. The supplier may record that delivery address as the unregistered recipient's address for this purpose.

Special procedure compliance for specified-commodity manufacturers clarifies machine disclosures, certification, exclusions, and responsibility in job-work arrangements.
Special procedure compliance requires manufacturers to disclose prescribed packing-machine details in FORM GST SRM-I. Make and model details are optional, but machine number is mandatory and may be numerically assigned if unavailable. Electricity consumption rating must be based on available records or certified by a qualified practicing Chartered Engineer, with the certificate uploaded with the form. The procedure excludes Special Economic Zone units and manual packing operations. For multiple machines, details of the final packing machine are required. Job workers and contract manufacturers must comply, while the principal manufacturer is responsible where they are unregistered.

Related Party Transactions: new tiered disclosure rules impose Annexure-13A disclosures below specified turnover and monetary thresholds.
Listed entities must supply audit committees and shareholders the Industry Standards' specified information for RPT approvals; however, transactions not exceeding the lower of 1% of annual consolidated turnover or Rs. Ten Crore shall provide the streamlined disclosures in Annexure-13A, and transactions not exceeding Rs. One Crore (individually or aggregated in a financial year) are exempt from these requirements. Annexure-13A lists required details including transaction terms, related party identity, tenure, value, turnover percentages, funding/indebtedness particulars for loans, justification of interest, and any valuation reports.