GST rate reclassification for specified goods; certain supplies reclassified and past period treatments regularised on an as is basis.
Circular clarifies GST classification and revised rates for specified goods (including extruded un cooked snack pellets, fish soluble paste, desiccated coconut, biomass briquettes, imitation zari yarn, raw cotton supplies to cooperatives, areca leaf plates and cups, and goods under HSN 9021), notifies the applicable tariff headings and rate changes effective from the Council recommendations, and regularises past-period treatment on an "as is" basis while stating no refunds where higher GST was already paid.

Input tax credit allocation: HO may use ISD or issue invoices to BOs, with valuation rules for full ITC.
HO may either distribute ITC for common input services to BOs via the Input Service Distributor mechanism (requiring ISD registration) or issue tax invoices under section 31 so BOs can avail ITC; distribution or invoicing is allowed only where services are attributable to or actually provided to the BOs. For internally generated services, where the recipient BO is eligible for full ITC the invoice value is deemed open market value under rule 28; omission of specific cost components does not alter that deemed value. Employee salary need not be compulsorily included in value where recipient is not eligible for full ITC.

E-invoicing requirement: suppliers exceeding turnover threshold must issue e-invoices for supplies to government entities registered for tax deduction.
Government Departments, establishments, agencies, local authorities and PSUs registered solely for tax deduction at source are to be treated as registered persons under GST; suppliers whose turnover exceeds the prescribed e-invoicing threshold must therefore issue e-invoices for supplies made to such government entities under the applicable GST rules.

Refund entitlement tied to ITC reflected in GSTR 2B, with adjusted turnover and undertaking rules clarified for exporters.
Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the tax period or any prior tax periods where credit is available; this applies to refund claims from January 2022 onwards. The FORM RFD 01 undertaking remains required but references to Section 42 and to FORM GSTR 2 and FORM GSTR 3 are deleted. Adjusted total turnover must include export values as determined by the Explanation in rule 89(4). Exporters who later export or realize payment may claim refund of unutilized ITC and, within permitted timeframes, refund of IGST paid earlier, but interest paid under rule 96A(1) is not refundable.

Taxability of holding shares in a subsidiary: mere shareholding is not a supply and is not taxable under GST.
Holding of shares in a subsidiary by a parent company does not, by itself, constitute a supply of services under GST and is not taxable on that basis. Securities, including shares, are neither goods nor services; classification entries like SAC 997171 do not convert mere shareholding into a taxable service. Taxation requires an actual supply as defined by law, so holding share capital in a subsidiary cannot be treated as a supply of services and cannot be taxed under GST absent facts establishing a supply.

Input tax credit: warranty replacement parts and repair services supplied without extra charge are not subject to further GST.
Replacement parts and repair services provided during a warranty without separate consideration do not attract further GST because the original supply value includes anticipated warranty costs; any additional consideration charged for replacements or repairs is taxable. Manufacturers need not reverse input tax credit for such warranty replacements or repairs. Distributor scenarios vary: no GST when distributor provides warranty service to the customer without charging them; GST applies when distributor charges either the customer or the manufacturer under a taxable supply. Extended warranties contracted at sale form part of the composite supply; those contracted later are separate taxable contracts.

TCS liability with multiple e-commerce operators: supplier-side ECO collects TCS unless supplier is an ECO, then buyer-side collects.
Where multiple ECOs facilitate a supply and the supplier-side ECO is not the supplier, the supplier-side ECO who ultimately releases payment to the supplier must collect and remit TCS and comply with Section 52; the buyer-side ECO that only forwards funds after its commission is not required to collect TCS. Conversely, if the supplier-side ECO is itself the supplier, the buyer-side ECO that collects payment and remits the balance must collect and remit TCS and perform Section 52 compliances.

Input Tax Credit reconciliation: guidance limits permissible excess ITC claimed against supplier reported credits and requires supplier payment proof.
Clarifies treatment of discrepancies between Input Tax Credit claimed in FORM GSTR-3B and that reflected in FORM GSTR-2A for 01.04.2019-31.12.2021, applying prior circular guidance to pre rule periods and prescribing percentage caps on additional credit permitted for specified sub periods. Additional ITC under the rule was a facilitative measure subject to the core condition that supplier tax must be paid; excess beyond prescribed caps is inadmissible even with certificates. From the later statutory amendment date, ITC is allowed only if reported by suppliers and communicated through automated communication, with cumulative adjustment provisos noted and applicability limited to ongoing proceedings.

Board nomination rights for REIT unitholders enable ten-percent holders to appoint a non-independent nominee director under prescribed procedures.
Unitholders holding ten percent or more of a REIT's outstanding units may nominate one non-independent Unitholder Nominee Director to the Manager's board, subject to a Manager-adopted policy on qualifications, remuneration, evaluation and removal. Eligible unitholder(s) must notify the Manager within prescribed timelines with candidate particulars; the Manager's Nomination and Remuneration Committee/Board shall confirm eligibility within ten days and effect appointment within thirty days. The Manager must review monthly that nominating unitholder(s) continue to hold the threshold and report to the Trustee; loss of threshold requires immediate resignation of the nominee. Trust deeds and IMAs are to be amended to incorporate these rights within six months.

Board nomination rights let eligible unitholders nominate Investment Manager directors, subject to eligibility, disclosure and ongoing holding conditions.
Board nomination rights allow Eligible Unitholders of InvITs to nominate a non-independent Unitholder Nominee Director to the Investment Manager's board subject to a minimum unitholding threshold and aggregation rules. The Investment Manager must adopt a published policy on qualifications, evaluation, remuneration and removal; confirm candidate eligibility within a set period; complete appointment within a further period; and conduct monthly reviews of nominating unitholders' holdings, reporting to the Trustee and effecting resignation where eligibility is lost. Trust deeds and investment management agreements must be amended to reflect these rights.

Gas cylinder imports require PESO license, 48 hour port arrival notice, and Customs permission before landing and unloading.
Importers must hold a valid PESO licence at the time of import for filled or intended to be filled gas cylinders; valves and LPG regulators require approval or licence. Shipping lines or agents must give the Conservator of the Port at least forty eight hours' notice and deliver the Form A declaration to be forwarded to the Commissioner of Customs. Importers must produce their import licence to the Commissioner of Customs before clearance, and no cylinder, valve or LPG regulator may be landed without the Commissioner's permission.

Export obligation monitoring requires licensees to prove fulfilment or face duty recovery, security encashment and enforcement actions.
EODC will monitor export obligations under EPCG and Advance Authorisation; importers must produce installation certificates within specified periods and discharge export obligations within prescribed blocks or extensions. Failure to fulfil obligations triggers payment of proportional customs duties with interest within three months of block expiry, and Customs may recover unpaid amounts by encashment of securities or under Sections 142 and 143 of the Customs Act; non-fulfilment also exposes goods to confiscation and penalties under Sections 111(o) and 112(a).

State Excise and VAT licence requirement: buyers in bond to bond liquor transfers must hold licences and submit copies.
Customs requires that persons acquiring warehoused liquor by bond to bond transfer hold valid State Excise and VAT licences and submit self attested copies when executing the triple duty bond under Section 59; sellers must verify buyers' licences. The measure aims to prevent duty evasion, monitor warehoused liquor validity, and ensure compliance with State Excise and VAT laws. Exceptions apply to the original importer and to transfers to holders of a special bonded warehouse licence. The notice is effective immediately.

Asset allocation base exclusion clarifies CDMDF units are excluded from net assets for mutual fund limit calculations.
Investment in units of the Corporate Debt Market Development Fund shall be excluded from the base of net assets for calculation of mutual fund scheme asset allocation limits under Part IV of Chapter 2 on Categorization and Rationalization of Mutual Fund Schemes; the clarification is effective immediately and must be applied by AMCs and trustees for compliance with scheme allocation limits.

Amendment of Bill of Entry requests to be filed via CRU or official email for AC/DC decision under Section 149
Importers and Customs Brokers must submit amendment requests for out of charge Bills of Entry, specifying the assessing group, at the CRU Section or to the Import Commissionerate's official email. The CRU officer will diarise the documents the same day and forward them electronically to the concerned assessing group AC/DC, which will decide the request in accordance with the amendment provision of the Customs Act.

Excise documentation alternatives permit specified substitute certificates for customs-warehoused liquor, subject to clean bonding records and state conditions.
Amendment allows specified alternative documents instead of a state excise licence for warehoused imported liquor: (i) for supply to State Liquor Corporations, a work/supply order naming buyer-importer and bonded warehouse plus evidence of clean past bonding records; (ii) brand registration certificate in the buyer-importer's name plus clean bonding records; (iii) for Haryana CBWH supply to L-IBF, Haryana Excise registration specifying buyer-importer and CBWH address, brand owner/importer's letter naming authorised distributors and buyer-importer, and clean bonding records; (iv) for Uttarakhand CBWH, Excise License FL-2(O) plus clean bonding records. The notice is effective immediately and is a standing order.

GST refund powers now extend to State Tax Officers for provisional refunds, refund orders, and deduction of unpaid dues.
Delegation of refund powers under the Gujarat Goods and Services Tax Act, 2017 is amended to authorise State Tax Officers to grant provisional export refunds, issue refund orders, and withhold refunds or deduct unpaid dues before payment. These powers are exercisable alongside Deputy Commissioners and Assistant Commissioners under the revised Schedule-A delegation framework.

Customs Post Clearance Audit: updated selection and scheduling rules; committees to determine auditees, themes and standardized reporting.
Amendments require dynamic, risk based selection of IECs for Premises Based Audit with annual auditee lists prepared by DG Audit in consultation with analytics and finalised by a committee; lists must be communicated to Audit Commissionerates before 31 March. Audit Commissionerates shall evenly schedule audits and complete the full audit cycle for each selected entity. Themes for Theme Based Audit will be selected biannually by a committee convened by DG Audit. Revised MIS formats CUS PCA 1 to CUS PCA 4 are prescribed for standardized reporting of detections, recoveries and pendency.

AEO accreditation outreach offers one on one handholding and a facilitation helpdesk for importers, applicants and stakeholders.
AEO outreach and handholding sessions at New Custom House provide one on one assistance for accreditation across AEO T1, T2, T3 and LO categories, referencing CBIC Circulars 33/2016 and 54/2020. A facilitation helpdesk at the AEO Cell will operate until the end of September to address new application queries. A Nodal Officer and a Client Relationship Manager have been appointed to manage stakeholder engagement, and queries may be sent to the AEO email for coordinated support.

Amnesty scheme for export obligation defaults extended; registration and payment windows extended and compliance documentation required.
Amnesty scheme for one-time settlement of defaults in export obligations by Advance and EPCG authorisation holders is extended to permit additional registration and payment time. Applicants must submit to the Export Promotion Schemes Monitoring and Management Cell proof of registration under the amnesty or a DGFT deficiency letter, installation certificate where required, the prescribed declaration, and copies of any SCN or adjudication/appellate orders. EPSMMC will process applications in original authorisation files to avoid duplication and facilitate payment; the declaration confirms absence of fraud investigations, non-payment of duty with interest, and a waiver of any CENVAT credit or refund claim on duties paid under the scheme.