Tax Deduction at Source under GST suspended until notification; DDOs should register and suppliers must file declarations when applicable.
Deductions under Section 51 of CGST/MGST and clause (x) of Section 20 of the IGST Act are not to be made for supplies invoiced on or after 1.7.2017 until those provisions are notified; DDOs should register on the GSTN as tax deductors in advance. Suppliers who received payments without GST TDS must submit the prescribed declaration (Annexure A) when the contract value exceeds the specified threshold. Supplies invoiced before 1.7.2017 remain subject to TDS under the Meghalaya Value Added Tax Act, 2003.

Block deal windows revised with defined sessions, price references, order price limits and mandatory delivery requirements.
Two block deal windows are prescribed: a Morning Block Deal Window (08:45-09:00) using the previous day's closing price as reference, and an Afternoon Block Deal Window (14:05-14:20) using the VWAP of cash trades from 13:45-14:00 as reference (VWAP to be disseminated between 14:00-14:05). Orders must be within 1% of the applicable reference price, meet the prescribed minimum order size, and result in delivery. Exchanges must disseminate trade details same day after market hours and apply normal trading, settlement, surveillance and risk-containment requirements. The framework is effective January 1, 2018.

Sanitary and Phyto Sanitary compliance: exporters must secure required certificates or face code suspension and statutory penalties.
Exporters must ascertain and comply with importing countries' Sanitary and Phyto Sanitary requirements and submit certificates from designated agencies with export documents; failure that brings disrepute or prejudices trade relations may lead to suspension or cancellation of the Importer Exporter Code and penalties under the Foreign Trade (Development and Regulation) Act, 1992, and may attract action under the Customs Act, 1962 or other applicable laws.

Ind AS XBRL filing deadline extended; affected companies may file AOC-4 without additional fees pending taxonomy deployment.
The Ministry extended the last date for filing AOC-4 in Ind AS XBRL for the specified financial year without additional fee until the Ind AS XBRL taxonomy and supporting tools are deployed; companies must file when the taxonomy is available and will be notified accordingly.

GST on retained superior kerosene oil is confined to the quantity used to manufacture linear alkyl benzene.
GST on superior kerosene oil supplied for extraction of n-paraffin is payable only on the net quantity retained by the Linear Alkyl Benzene manufacturer. Where the remaining SKO is returned to the refinery, its return does not separately attract GST in that transaction. The refinery is liable for GST on returned SKO when it subsequently supplies that quantity to another person.

GST on retained SKO applies to the net quantity used for n paraffin extraction, not on SKO returned to refinery.
GST applies to the net quantity of superior kerosene oil (SKO) retained by LAB manufacturers for extraction of n paraffin used in manufacturing Linear Alkyl Benzene; the refinery is liable to pay GST only on that retained quantity, while returned SKO does not attract GST unless the refinery supplies it to another person.

TDS registration: nodal officers appointed to assist government departments with registration under Nagaland GST Act.
Designated nodal officers are appointed in each district to provide Special TDS Registration Services for DDOs of Central and State departments, local authorities and government agencies making payments for taxable supplies under the Nagaland Goods and Services Tax. Affected departments should contact the district nodal officer or visit the District State Taxes Office with required documents (department PAN/TAN, DDO PAN and photo, and an authorisation letter from the HOD) to complete TDS registration. The exercise is supervised by the Additional Commissioner of State Taxes.

Supply on approval: invoice may be issued on delivery; transport on delivery challan with e-way bill; interstate attracts IGST.
Where goods are transported for supply on approval, the supplier may move them on a delivery challan (with e-way bill where applicable) and issue the tax invoice only upon delivery when the supply is accepted. Movements resulting in supply across State boundaries are treated as interstate supplies and attract Integrated GST.

Composition scheme eligibility preserved despite exempt services; exempt interest and discount excluded from aggregate turnover calculation.
A supplier of taxable supplies referenced in paragraph 6(b) of Schedule II who also furnishes exempt services, including interest or discount on deposits, loans or advances, shall not be ineligible for the composition scheme if other composition conditions are met, and the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.

Import contract registration allowed for pre-notification advance payments, subject to regional approval and documentary bank verification.
The notice permits registration of pre-notification import contracts for moong/urad dal where advance payment was made before the notification date, subject to production of contract/purchase invoice and bank-certified payment details indicating import intent. Applications must be filed with jurisdictional Regional Authorities headed by Additional DGFTs by the specified deadline, pay the prescribed application fee, and obtain Head of Office approval after documentary and bank verification; only designated Zonal and specified Regional Offices will process such registrations under the relaxed Para 1.05 requirement.

Supply on approval: goods may move on delivery challan and invoice issued at delivery; inter-state movement attracts integrated tax.
Where goods are transported for supply on approval and invoice cannot be issued at removal, the supplier may move goods on a delivery challan (with an e-way bill where applicable) and issue the tax invoice upon delivery; goods carried from one State and supplied in another are treated as inter-state supplies attracting integrated tax.

Electronic sealing for containers implemented; self sealing procedure enforced and nodal officer appointed for coordination and support.
Electronic sealing of export containers is to be implemented under the self-sealing procedure prescribed by Circular No.26/2017-Cus and further detailed in Circular No.36/2017; stakeholders are directed to follow the procedure and use the nominated nodal officer, Superintendent Ravi C., for coordination and to report any implementation difficulties to the customs office.

Shareholders' approval not required for resolution plans; Adjudicating Authority approval binds stakeholders and deems consent.
There is no requirement to obtain shareholders' or members' approval for a resolution plan during consideration under the Code; the resolution professional must ensure plans comply with applicable laws so they are legally implementable. A resolution plan approved by the Adjudicating Authority is binding on the corporate debtor and all stakeholders, and actions that would otherwise require shareholder/member consent are deemed to have been given upon such approval.

One-time condonation for late EPCG installation certificates permitted with penalty and specified eligibility and documentary conditions.
One-time relaxation allows RAs to accept installation certificates under the EPCG scheme submitted beyond prescribed time on payment of a penalty of Rs. 5,000 per authorization, subject to conditions: capital goods were installed within eighteen months of import; bonafide reasons for delay are submitted; the certificate is filed by the substituted cut-off date; and the authorization is not under investigation or adjudication by any agency.

Onetime condonation of delay permits belated EPCG export obligation extension requests subject to procedural compliance and fee.
Onetime condonation is allowed for delayed requests to extend the EPCG Export Obligation period when requests otherwise comply with procedural requirements; RAs may grant extensions in continuation of the original or extended expiry period under the Handbook of Procedures applicable on the date of authorization, subject to payment of an additional composition fee and fulfillment of all FTP and HBP conditions.

One-time condonation for delayed EPCG export-obligation extensions allowed subject to additional fee and documentary conditions.
Regional Authorities may, on a one-time basis, condone delayed applications for block-wise Export Obligation extension under the EPCG scheme for authorizations issued from 1 September 2004, subject to payment of the regular composition fee plus an additional administrative surcharge and submission of installation certificate; the facility is available for otherwise in-order cases and excludes matters under investigation/adjudication or previously rejected by the EPCG committee, with alternative regularization by payment of proportionate duties and interest remaining available.

Country-by-Country Report due date extended for first reporting year; filing deadline moved to end-March under Section 286 framework
For the first reporting year, the government has extended the prescribed due date for furnishing the Country-by-Country Report for all assessees covered by the statutory furnishing obligation until 31st March, 2018, as an administrative order, while detailed rules and procedures for furnishing the report remain under consideration.

Supply on approval: goods moved on delivery challan may be invoiced on delivery; inter-state movements attract IGST.
Suppliers carrying goods for supply on approval may move goods on a delivery challan, with an e-way bill where applicable, and issue the tax invoice upon delivery when the supply is accepted; movements across States followed by supply are treated as inter-state supplies attracting Integrated Goods and Services Tax.

Export proceeds compliance: exporters must file six month negative statements detailing unpaid or late realisations against shipping bills.
Exporters must submit separate six-month negative statements from Authorized Dealers/Chartered Accountants (January-June and July-December) showing export proceeds against specific shipping bills and indicating proceeds not realised or realised beyond Reserve Bank of India time limits; consolidated or blank "Nil" certificates are not acceptable and contravene customs and drawback compliance requirements.

Officer authorization for GST Practitioner enrollment: Assistant or Deputy Commissioner may approve or reject enrolment applications.
The Assistant Commissioner/Deputy Commissioner having jurisdiction over the address declared in FORM GST PCT-1 is specified as the officer authorised to approve or reject applications for enrolment as Goods and Services Tax Practitioner; applicants may choose Centre or State as the enrolling authority and must indicate that choice on the form.