Extension of Form PAS-6 filing deadline granted; filings allowed within sixty days after deployment of the form.
The Ministry extends the last date to file Form PAS-6 without additional fee for the half-year ended 30.09.2019 to sixty days from the date of deployment of the form on the Ministry's website, the extension being issued with competent authority approval.

Filing deadline extension: companies in J&K and Ladakh may file AOC 4 and MGT 7 without additional fees.
Extension of the due date applies to electronic filing of e forms AOC 4 (including AOC 4 CFS and AOC 4 XBRL) and e form MGT 7 for companies within the Union Territories of Jammu & Kashmir and Ladakh, permitting submission without levy of additional fee until the extended date specified by the Ministry.

Preferential issue of units: listed InvITs subject to prescribed eligibility, pricing, lock in and disclosure requirements.
Guidelines set the regulatory framework for listed InvITs to conduct preferential issues and institutional placements only after unitholder approval, minimum prior listing periods, and in principle exchange approval; they impose dematerialised allotment, caps on private placement recipients, distinct pricing methods for frequently and infrequently traded units (market VWAP formulas or NAV-based valuation), specified lock in and transfer restrictions by allottee category, strict allotment timelines with refund and interest liabilities on default, and detailed disclosure and placement document requirements with lead manager due diligence.

Preferential issue and institutional placement rules for REITs set conditions, pricing, lock in, listing and refund liabilities.
Guidelines set conditions and procedures for a listed REIT's preferential issue or institutional placement: require unitholders' resolution, prior listing tenure, in-principle stock exchange approval, compliance with listing obligations, dematerialised allotment, payment through trustee bank account, listing application and allotment reporting, prescribed pricing methodologies for frequently and infrequently traded units (including NAV-based pricing where applicable), lock-in and transfer restrictions for sponsors and other allottees, specified allotment timelines, and refund liability with interest for non-compliance; annexures prescribe detailed disclosure, placement document content, valuation and due diligence requirements.

Filing deadline for Form NFRA-2 extended to a specified period measured from its deployment on the NFRA website.
Extension of the filing period for Form NFRA-2 under rule 5 of the National Financial Reporting Authority Rules, 2018 is announced: the time limit for filing will run for a limited period commencing from the date of deployment of the form on the NFRA website, with the revision issued following stakeholder representations and approved by the Competent Authority.

GST on penal interest: penal interest forming part of goods' consideration is taxable, financier's loan interest may be exempt.
Where a delayed-payment charge forms part of the consideration for a taxable supply of goods, the penal interest must be included in the value of supply and is taxable; where penal interest is charged by an independent financier for a loan, that interest is covered by the exemption for services extending loans or advances and is not subject to GST. Penal interest qualifies as "interest" under the notification and is not a separate Schedule II service, while separate non-interest fees charged by the financier are taxable.

Effective date of explanatory amendment affirmed as retrospective to original entry despite later stated commencement.
The circular clarifies that an explanation excluding Government and Local Authority activities from the term "business," inserted within the statutory one-year insertion power, operates retrospectively as if part of the original concessional-rate entry from its inception; any separate commencement line in the later notification does not alter that retrospective operation, and implementation difficulties may be reported to the Policy Branch.

KYC verification for first-time importers streamlines document submission, mandates limited KYC documents and digital ID creation to ease imports.
KYC verification for first time importers creates a dedicated KYC cell to accept IEC plus specified Category I identity/entity documents and one Category II financial document, generate a unique digital ID, and coordinate verification with SIIB including address and bank checks; adverse findings trigger alerts against the IEC and supervisory escalation.

Steel Import Monitoring System registration required for iron and steel imports; obtain advance online registration and declare it.
Importation of certain goods under Chapters 72, 73 and 86 is made free subject to compulsory registration under the Steel Import Monitoring System (SIMS), requiring advance online submission and obtainment of an automatic registration number; ICES has been updated and Bills of Entry must include the SIMS registration number as mandated by the applicable ICES advisory.

Service export reporting: STP units must file monthly SERF returns to capture specified services export data.
STP units must file monthly the Service Exports Reporting Form (SERF) prescribed in Annexure VI of Appendix 6E to the designated officer in STP, reporting services classified in Annexure V. The amendment inserts Clause 6(A) into Appendix 6E and adds Annexures V and VI, while retaining existing requirements for EOUs/EHTP/STP/BTP to maintain accounts and file digitally signed quarterly and annual reports to the designated officer and Customs/Central Excise authorities.

Job work scope clarified: treatment or processing of goods belonging to another registered person falls under the reduced GST classification.
The entry at item (id) applies only to job work as defined in the CGST Act - treatment or processing undertaken on goods belonging to another registered person - while item (iv) excludes item (id) and covers manufacturing services on physical inputs owned by others who are not registered under the CGST Act; authorities are directed to apply this demarcation for uniform implementation.

Fully electronic refund process via FORM GST RFD-01 ensures single disbursement following central CBIC clarification.
Instruction mandates adoption of the fully electronic refund process using FORM GST RFD-01 with single disbursement, following the Department of Revenue, CBIC clarification (Circular No. 125/44/2019-GST), and directs state tax officers to implement that clarification for uniform processing under the Tripura GST statutory framework.

Optional annual return filing clarified; state directs tax officers to follow central GST policy guidance for uniform implementation.
The State directs field formations to follow the GST Policy Wing's clarification on optional filing of the annual GST return under the central notification, applying that clarification uniformly across the State's tax administration to clarify eligibility and procedure for electing the optional annual return; the circular annexes the central guidance and requires subordinate officers to adhere to it to ensure consistent treatment.

Steel Import Monitoring System registration now required for specified iron and steel imports; advance online registration and SIMS number mandatory.
Import policy for specified iron and steel items under Chapters 72, 73 and 86 has been amended to require compulsory registration under the Steel Import Monitoring System (SIMS); importers must submit advance information online, obtain an advance automatic registration number on payment of the prescribed fee, and declare the SIMS registration number in Bills of Entry filed through ICES, while Customs officers shall not insist on further documentary proof of registration during verification.

Input Tax Credit restriction under Rule 36(4) circulated for departmental compliance and implementation of the GST clarification.
Restriction on availment of Input Tax Credit under sub-rule (4) of Rule 36 of the CGST Rules, 2017 was circulated for implementation. The communication refers to Circular No. 123/42/2019-GST dated 11-11-2019, which clarified the restriction on Input Tax Credit under the said rule, and directs that subordinate officers be informed and compliance ensured.

Electronic refund process via Form RFD-01 required; officials must implement and ensure compliance across tax offices.
Mandate for adoption of a completely electronic refund process and centralized payment handling through Form GST RFD-01, directing zonal and joint commissioners to inform subordinate officers and ensure implementation in accordance with the Central Board circular, with the state commissioner's approval.

Optional annual return filing clarified under GST notification, with circular forwarded for departmental compliance.
Clarification is issued regarding the optional filing of annual return under the State notification aligned with the corresponding Central notification. The communication forwards the Central Board's circular providing clarifications on the optional annual return framework and requests that subordinate officers be informed and compliance ensured. The letter is an administrative communication issued for implementation of the clarified GST return-filing position.

Disaster Recovery Drill will temporarily suspend ICES document filing and set limited availability windows for transactions.
A Disaster Recovery Drill for the ICES customs system will suspend document filing at Service Centres and through RES at the drill start; users must stop or complete ICES work before suspension. ICES will be available only during prescribed operational windows, and officers and Service Centre Operators must be present during those availability periods to carry out transactions, requiring importers, exporters, customs brokers and trade formations to plan filings accordingly.

Strike-off company monitoring for GST revenue protection through regular review of MCA lists and related categories.
CBIC GST-investigation formations are directed to regularly monitor Ministry of Corporate Affairs lists relating to companies under strike-off proceedings and other associated categories, including STK-5, STK-6 and STK-7, so that any necessary protective action can be initiated to secure the interest of revenue. The guidance emphasises a proactive review of the MCA website because the available lists are RoC-wise but may still affect GST registrations or business footprints across the country.

Annual GST return filing deadlines were revised to address electronic filing difficulties for the specified financial periods.
Annual GST return filing deadlines under the Tripura State Goods and Services Tax Act, 2017 were revised to address technical difficulties in electronic filing. Registered persons required to furnish annual returns may file the return for 1 July 2017 to 31 March 2018 by 31 December 2019, and for 1 April 2018 to 31 March 2019 by 31 March 2020, subject to the statutory exclusions.