Place of supply for unregistered persons: delivery address on the invoice governs place of supply, not billing address.
Clause (ca) of Section 10(1) fixes the place of supply for goods to unregistered persons as the location recorded in the invoice for that person, with the supplier's location applying if no recipient address is recorded; recording the State alone suffices. Where billing and delivery addresses differ, the delivery address recorded on the invoice determines the place of supply. Suppliers may record the delivery address as the recipient's address on the invoice to govern place of supply.

Special procedure compliance for manufacturers clarified; machine IDs, energy certification, applicability and job work responsibilities specified.
Adopts CBIC clarifications for the special procedure under Notification No. 04/2024: make/model in Table 6 of FORM GST SRM-I are optional, machine number is mandatory (manufacturers may assign one if absent); electricity consumption must be declared from records or certified by a Practicing Chartered Engineer in FORM GST SRM-III and uploaded; sale price substitutes for absent MRP in Table 9; the CE must hold IEI certificate of practice; SEZ units and manual packing operations are excluded; report only the final-packing machine; job workers are covered, and an unregistered job worker's principal manufacturer is liable for compliance.

Monetary limits for appeals reduce government litigation; appeals below thresholds generally not filed, with specific exclusions.
The Board prescribes monetary thresholds under the CGST Act below which Central tax officers shall not file appeals before GSTAT, High Courts or the Supreme Court, with specified rules for calculating the disputed amount (tax, interest, penalty, late fee, and refunds) and aggregation across composite orders. Exclusions require appeals to be decided on merits irrespective of thresholds, and non-filing under the thresholds must be recorded as not creating precedent or departmental acquiescence; officers may file appeals in other cases where amounts or questions of law warrant contestation.

Supply characterization of related party loans: interest only consideration is exempt under GST; processing fees are taxable.
Extending loans/credit/advances between related persons is a supply under Schedule I read with section 7(1)(c), but services of granting loans are exempt insofar as consideration is only interest or discount. Amounts charged over and above interest-such as processing, administrative or service fees-constitute taxable consideration for processing/facilitating/administration services and attract GST; where no such fees are charged between related parties, no processing supply arises and Rule 28 valuation need not be applied.

Input tax credit entitlement for insurers on reimbursed motor vehicle repair costs is available, limited to approved reimbursed amounts.
Insurers are the recipient of motor vehicle repair services to the extent of approved repair liability and may claim ITC in reimbursement mode, subject to credit conditions. If garages issue separate invoices one to insurer for approved cost and one to insured for excess, ITC may be available on the insurer's invoice; if a single invoice is issued to the insurer but reimbursement covers only the approved cost, ITC is limited to that reimbursed approved amount. No ITC is available where the invoice is not in the insurer's name.

Extended warranty treated as a distinct service when separate from the goods supplier, attracting GST on the warranty supply.
Clarifies that replacements of goods "as such" during warranty are to be read as replacements of 'goods or its parts' and follow prior guidance on GST liability and ITC reversal; replenishment by a manufacturer to a distributor via delivery challan without consideration is not a taxable supply and does not require ITC reversal by the manufacturer; and extended warranty supplied by a person different from the goods supplier or supplied after original sale is a distinct supply of services, with the extended-warranty supplier liable to discharge GST on that service.

Supply of salvage: insurers must discharge GST when they acquire and sell wreckage after full claim settlement.
Where an insurance contract provides for deduction of salvage/wreck value from the claim (deductible), ownership of the wreckage remains with the insured and the insurer has no GST liability on that deducted value; however, if the insurer settles the full insured declared value without deducting salvage, the salvage vests in the insurer and the insurer must discharge GST on disposal or sale of the salvage.

Filing deadline extension to October 31 for brokers and depository participants, requiring exchanges to notify and amend rules.
SEBI has extended the compliance timeline so that failure to furnish annual audited accounts by stock brokers and net worth certificates by depository participants (for year ending March 31) will be judged against an October 31 deadline; the change is effective immediately and exchanges/depositories must notify members, amend bye laws and report implementation in Monthly Development Reports.

Brokers' institutional mechanism for fraud prevention mandated with staggered risk-based implementation across broker categories and ISF standards.
Requires stock brokers to implement an institutional mechanism for prevention and detection of fraud or market abuse, comprising systems for surveillance and internal controls, broker and employee obligations, escalation and reporting, and a Whistle Blower Policy; the ISF, with SEBI, will frame implementation standards; stock exchanges must notify brokers, amend rules, issue applicability notices, mandate adoption of ISF standards, and report implementation status to SEBI.

Timelines for CRA rating communication and appeals set prompt communication, appeal windows, and press release dissemination requirements.
Specific timelines require CRAs to communicate ratings to issuers promptly after rating committee meetings, allow issuers a short window to request review or appeal following periodic surveillance, and mandate dissemination of press releases and intimation to stock exchanges or debenture trustees within a prescribed period. CRAs must maintain an archive of all disclosures for ten years, while certain specified disclosures are published for shorter prescribed periods; records must be retained for ten years and issuer specific press releases/rating rationales made available on CRA websites.

Provisional assessment for imported used cranes requires provisional duty, bond and engineer valuation pending RTO registration.
Provisional assessment is required for imported old and used cranes to prevent misdeclaration of year and capacity. Importers must pay duty on value ascertained by a Chartered Engineer at first check, submit a bond for the entire value and potentially provide a bank guarantee; finalisation follows submission of a matching RTO registration certificate, while mismatches will prompt revenue-protective action.

Customs Broker Profile Correction: administrative edits now possible on CBLMS when broker applications cannot effect the change.
The CBLMS "Manage CB Profile" feature now allows System Administrators to modify all sections of an approved Customs Broker profile - Primary Details, Correspondence Address, Authorised Person Details, Proprietor/Partner/Director Details, Security Details and OPS Details - but brokers must submit change requests via Annexure B to their Policy Section only for changes that cannot be handled through existing broker applications; requests for changes achievable through broker applications will be invalid.

Customs Broker licensing management expands through digital succession, offence processing, profile updates, electronic NOCs, document issuance and account security.
CBLMS introduces online facilities for continuation of a proprietorship Customs Broker licence by an eligible major legal heir holding a G card, through a two-stage application process. Its offence module enables access to notices and orders, submission of replies, personal-hearing management, online penalty payment, notifications and case-history access. The portal also supports profile and address modifications, employee and other policy section details, electronic NOCs, issuance of downloadable official documents, notifications, user manuals and account lockout after repeated incorrect password attempts.

Input tax credit availability: ducts and manholes in OFC networks treated as plant and machinery permitting ITC for telecom services.
Ducts and manholes used as conduits and network nodes for optical fiber cable networks are treated as plant and machinery under the Explanation to the GST provision and therefore availment of input tax credit on such ducts and manholes is not barred by the blocked credit clauses that restrict ITC for immovable property or related works contract receipts.

GST treatment of related-party loans clarified: interest-only lending is exempt, while loan-processing fees remain taxable.
Taxability of loans between related persons or between an overseas affiliate and its Indian affiliate is clarified under GST. A loan granted between related persons in the course or furtherance of business is a supply under Schedule I, but where the only consideration is interest or discount, the transaction of extending deposits, loans or advances is exempt from GST. Where no processing fee, administrative charge, service fee or loan-granting charge is levied over and above interest or discount, the lending arrangement is not to be treated as a supply of processing, facilitating or administering the loan.

Input tax credit entitlement for insurers on motor vehicle repair expenses confirmed where insurer bears approved repair liability through reimbursement.
ITC is available to general insurance companies for motor vehicle repair services reimbursed by them because the insurer, by reimbursing approved repair cost, is the recipient to that extent. Where separate invoices distinguish approved claim cost and excess amounts, ITC may be claimed on the invoice issued to the insurer; if a single invoice in the insurer's name covers full amount but insurer reimburses only approved cost, ITC is limited to the reimbursed approved cost. Absence of invoice in insurer's name precludes ITC.

Filing extension for BEN-2 and MGT-6 due to portal migration; additional time granted without extra fees.
Ministry of Corporate Affairs will introduce eForm MGT-6 and BEN-2 in MCA-21 Version 3.0 on 15 July 2024, rendering these forms unavailable in Version 2.0 during the migration window from 4 July 2024 to 14 July 2024. Where due dates for filing BEN-2 or MGT-6 fall within that migration period, stakeholders are allowed an additional 15 days to file without payment of additional fees, the concession having been approved by the Competent Authority.

Reduction in denomination of debt securities expands retail access; permits smaller private placements with prescribed safeguards.
Issuers may offer debt securities and non-convertible redeemable preference shares on private placement at a face value of Rs. Ten Thousand if they appoint at least one Merchant Banker, issue interest/dividend-bearing instruments with fixed maturity and no structured obligations, and, where applicable, employ permitted credit enhancements. Credit Rating Agencies must verify that support is unconditional, irrevocable and legally enforceable and that the support provider has a lower probability of default than the issuer. Trading lots shall equal face value and the amendments apply to private placement issues proposed to be listed from the circular's issuance.

Carriage of coastal cargo: consignors must present Bills of Coastal Goods at gate for preventive official processing and manifest compliance.
Consignors of coastal goods must present a Bill of Coastal Goods at the Green Gate and comply with the prescribed circular procedures, with BCG processing handled by the customs preventive official to expedite gate-in for vessels carrying both EXIM and coastal cargo. Vessels exclusively carrying coastal goods are exempt from filing BCGs but must file coastal arrival and departure manifests for cargo unloaded, carried forward, or loaded.

Sea Cargo Manifest transition extended to allow parallel filing, urging stakeholders to adopt new SCMTR formats for compliance.
Extension permits continued acceptance of legacy manifest formats until 31st August 2024 to enable phased migration to new SCMTR formats and systems. Stakeholders must begin parallel filing in the new format immediately; amendments may continue in the old format during this phase. Complete details must be filed in the new format for matching and completeness analysis. DGoS will issue guidance on registration and filing requirements, troubleshoot errors, and make message filing mandatory location-wise via local public notices.