PAN Aadhaar linking: transitional deferral of adverse consequences for inoperative PANs while fee liability remains applicable.
Requirement to link PAN with Aadhaar makes PANs inoperative if Aadhaar is not intimated by the notified date; failure attracts a prescribed fee when Aadhaar is later intimated and ordinarily triggers the legal consequences of an inoperative PAN when it is furnished or quoted. The Board provides a one year transitional deferral of those negative consequences, subject to payment of the linking fee, to mitigate disruption to filing, refunds, withholding and KYC processes.

DLT-based asset identification requires unique Asset IDs and duplicate checks; issuers and trustees must record and monitor security data.
The circular mandates use of a DLT platform to record and monitor assets securing non-convertible securities, requiring a system-generated unique Asset ID in a prescribed 12-character format, with issuers entering asset details once and depositories performing duplicate/near-duplicate checks based on common and asset-specific parameters. Issuers and debenture trustees must verify alerts, trustees must annually reconcile assets and remove duplicates, issuers must report events reducing security cover as trigger events immediately, and required credit rating information must be uploaded and validated on the platform.

Provisional attachment: attachment and restoration orders must be issued on the BO system to ensure accurate monitoring.
The circular directs that all provisional attachment orders and corresponding restoration orders shall be issued exclusively through the BO system to ensure accurate MIS reporting and effective monitoring, and mandates strict compliance by operational and supervisory officers.

Return scrutiny procedures require strict, time bound compliance with SOP and regular supervisory monitoring of prior fiscal returns.
Assessing officers must implement the central GST policy wing's Standard Operating Procedure for scrutiny of returns for specified prior fiscal periods, carrying out reviews in a strict and time bound manner and subjecting the process to regular supervisory monitoring to ensure compliance and timely completion.

Investment concentration norm flexibility lets Category III AIFs choose investable funds or NAV basis, subject to disclosure and conditions.
Category III AIFs may calculate the investment concentration norm either on the basis of investable funds or on scheme net asset value. Existing funds may opt for the investable funds basis with trustee/board/designated partner approval and must inform investors within thirty days. The basis for calculation must be disclosed in the placement memorandum and cannot be changed during the scheme term. Funds choosing the NAV basis must comply with the conditions set out in the earlier referenced circular. The circular is effective immediately and requires investor communication, disclosure, and adherence to specified conditions.

Electronic Gold Receipts trading and settlement units must be specified by stock exchanges, with disclosure and implementation obligations.
SEBI mandates that EGR product specifications define deposit unit, trading unit, settlement unit (equal to trading unit) and withdrawal unit (equal to deposit unit); trading units may not be smaller than one-tenth of the deposit unit and must be specified by the beneficial owner to the Vault Manager. Exchanges must include deposit and trading unit details within ISINs, disclose information to investors, reflect units in contract specifications, amend rules and publish the circular, and report implementation to SEBI.

e-Invoice requirement compels high-turnover taxpayers to register and generate IRNs or invoices will not be recognised.
Taxpayers exceeding the aggregate annual turnover threshold must register on the central e-Invoice portal, generate Invoice Registration Numbers, and use the provided online/offline tools; invoices issued otherwise will not be treated as invoices for statutory purposes and non-compliance may attract penalty provisions under GST law.

Export-proceeds realization monitoring requires RBI-BRC reconciliation, with unreconciled drawback recoverable with interest and portal-based correction mechanisms.
Export-proceeds realisation for shipping bills receiving duty drawback is monitored through the RBI-BRC Module. Exporters must ordinarily realise proceeds within the permitted period, failing which the related drawback becomes recoverable with applicable interest. Exporters should obtain EDPMS updates through authorised dealer banks for Customs reconciliation. ICEGATE permits enquiry into shipping-bill status, foreign-exchange realisation details, and rectification of incorrect EDPMS status. Short realisation attributable to foreign-bank charges or overseas agency commission requires documentary support.

E invoicing mandate: non e invoices will not be treated as valid and may attract penalties; register on the portal.
A mandatory e Invoicing requirement requires taxpayers above the prescribed turnover threshold to generate e Invoices from 1 April 2022; invoices issued otherwise shall not be treated as an invoice. Non compliance may attract penalties and other GST law actions, and taxpayers are advised to register on the e Invoice portal, obtain an Invoice Registration Number and use provided tools and guides to ensure compliance.

Options on Commodity Indices permitted; exchanges must secure approval and follow prescribed product design and risk management framework.
Recognised stock exchanges with commodity derivatives segments may introduce options on commodity indices with prior approval and must follow the prescribed product design and risk management framework: cash settled European style options on indices with existing futures; minimum strikes per expiry; specified contract size, trading hours, expiry and tenor rules; final settlement by volume weighted average of constituents in the final hour; distinct position limits for clients and members; and CPMI IOSCO aligned margining, portfolio level client margins, real time scenario application, mark to market within margining, and additional option specific margins and charges.

GST Practitioner registration authority is entrusted to the designated Additional Commissioner for registering eligible applicants under applicable rules.
GST Practitioner registration under Rule 83(2) of the Bihar Goods and Services Tax Rules, 2017 is entrusted to Shri Pankaj Kumar Sinha, Additional Commissioner of State Tax-cum-Joint Secretary, Headquarters, Bihar, Patna. He is authorised to register eligible applicants as Goods and Services Tax Practitioners.

FCRA registration validity extension: provisional continuance until renewal disposal, refusal causes registration to be deemed expired.
The Government provisionally extends FCRA registration validity for entities with pending renewal applications until 30.06.2022 or disposal of the renewal application, and extends validity for entities whose five year term expires during 01.04.2022-30.06.2022 if they applied for renewal before expiry, subject to the same cut off; if renewal is refused the certificate is deemed to have expired on the date of refusal and the association cannot receive or utilise foreign contribution.

Foreign Trade Policy amendment updates Export Promotion Council for EOU and SEZ office address, effective immediately.
Amendment to Appendix 2T of the Foreign Trade Policy 2015-2020 replaces the existing entry for the Export Promotion Council for EOU and SEZ (EPCES) at Sl. No. 10 with revised office address and updated contact details (telephone and email). The change is made under paragraph 2.04 of the Policy and is effective immediately as an administrative update to the Appendix.

Change of control approvals require prior regulatory filing, time-bound in-principle clearance, and specified post-sanction submissions.
An application for approval of change in control of an AIF Sponsor/Manager involving a scheme of arrangement must be filed with the regulator before initiating the scheme sanction process; upon regulatory satisfaction in-principle approval will be granted for a limited validity within which the sanction application must be filed. After sanction, final approval requires submission within the prescribed period of: application for final approval, sanctioning order, approved scheme, a statement of modifications to the draft scheme with reasons, and compliance details against in-principle conditions.

Restoration of Cancelled Registration: new functionality enables range officers to restore registrations pursuant to appellate or judicial orders online.
An online Restoration of Cancelled Registration functionality has been deployed to enable jurisdictional Range officers to restore GST registrations pursuant to judicial or appellate orders, covering registrations cancelled suo motu by officers and those cancelled at taxpayers' request; permissions for officers are being enabled and a user guide accompanies the feature.

Delegated statutory powers require case-specific supervisory approval before designated officers may exercise their lawful authority.
Powers under Section 83 of the Delhi Goods and Services Tax Act, 2017 are delegated to Assistant Commissioners and Goods and Services Tax Officers as Proper Officers. Exercise of the delegated authority is conditional upon obtaining case-specific approval from the concerned Zonal Incharge, Special Commissioner, Additional Commissioner, or Joint Commissioner.

GST recovery functions empower designated officers to initiate recovery proceedings and recover tax or other amounts due.
Assignment of GST recovery functions authorises all Assistant Commissioners and Goods and Services Tax Officers in the Department of Trade and Taxes to perform the functions of a Proper Officer under the Delhi Goods and Services Tax Act, 2017. The assignment covers functions concerning initiation of recovery proceedings and recovery of tax or other amounts due under the Act.

Installation deadline extension for Radiation Portal Monitors and Container Scanners extends operationalisation timeline for designated seaports.
Amendment extends the deadline for installation and operationalisation of Radiation Portal Monitors and Container Scanners at designated sea ports by modifying Para 2.54(d)(v)(ii) of the Handbook of Procedures, 2015-2020; the Director General of Foreign Trade, exercising powers under the Foreign Trade Policy, has postponed the prior compliance timeline to a later date, leaving the substantive requirement intact but altering the deadline for mandatory commissioning.

Standardisation of industry classification enforces uniform four level coding and mandated issuer reporting for listed debt securities.
Issuers must adopt a harmonised four level industry classification and submit prescribed data at ISIN allotment and, post listing, update specified fields to any exchange where listed within 30 days of financial year end and on event basis; the circular deletes the issuer type clause and replaces the sector classification table in the Annex, with applicability to debt issuances opening on or after April 1, 2022.

Scrutiny of returns: risk based selection, standardized notices and timelines require quantified discrepancy communication and structured follow up.
The SOP establishes a uniform, risk based process for scrutiny of specified GST returns, directing centralized selection of GSTINs by a risk analytics function, reliance on available departmental data sources for verification, assignment of Superintendents as proper officers to conduct scrutiny, issuance of a single FORM GST ASMT 10 per GSTIN per financial year to communicate quantified discrepancies, acceptance and payment via FORM GST DRC 03 or response via FORM GST ASMT 11, conclusion by FORM GST ASMT 12 if acceptable, and initiation of determination or referral for audit/investigation where replies or payments are unsatisfactory; prescribed timelines and reporting registers apply, and manual procedures remain until an online module is available.