Government-supported Line of Credit enables export of Indian goods and services for Guyana solar project, subject to Foreign Trade Policy.
A Government-supported Line of Credit by Export-Import Bank of India to Guyana finances a solar photovoltaic project, permitting export of eligible goods and services only if they comply with the Foreign Trade Policy and Exim Bank financing criteria. At least 75 per cent of contract value must be supplied from India, with remaining procurement allowed from outside India. Shipments must be declared in export documentation per Reserve Bank instructions, and agency commission is not payable under the LoC though exporters may use their own funds or EEFC balances for commission payments subject to existing rules.

Time of supply for spectrum usage services: GST payable when payment is due or made under reverse charge.
Clarification addresses the time of supply for GST on government spectrum allocation where the supplier is DoT and the recipient is the telecom operator subject to reverse charge. Spectrum usage provided under deferred instalment contracts qualifies as a continuous supply; for reverse-charge supplies time of supply is the earlier of payment (or bank debit) or sixty days after issue of supplier's invoice. Frequency Assignment Letters are bid-acceptance documents, and tax invoices must be issued on or before each contractually ascertainable payment due date. GST is payable when upfront payment is made or due, or for deferred instalments as and when each instalment is due or paid.

Time of supply in HAM contracts: invoice date or payment receipt, whichever is earlier, subject to invoicing timelines.
HAM concession agreements are single continuous supplies covering construction and O&M; time of supply is the invoice date or receipt of payment, whichever is earlier, where the invoice is issued on or before the contract specified due date/event; if invoice is not issued timely, time of supply is the date of provision of service or receipt of payment, whichever is earlier. Interest components in installments/annuities are includible in the taxable value under section 15(2)(d).

Place of supply for custodial services to foreign portfolio investors follows the default GST rule, not account-holder treatment.
Custodial services provided by banks or financial institutions to Foreign Portfolio Investors are not treated as services supplied to an account holder under section 13(8)(a) of the IGST Act. Such services, consisting of safekeeping securities and related incidental functions, fall outside that provision and their place of supply is to be determined under the default rule in section 13(2) of the IGST Act.

Extension of time for PAS-7 filing: web-form on MCA portal allows filing without additional fees until the stated deadline.
Extension of time is provided for filing Form PAS-7 to report details of pre-Act share warrants under Rule 9(2)(a) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. A Web-Form PAS-7 has been deployed on the MCA-21 online portal, and stakeholders may submit the requisite details without payment of additional fees through the Web-Form until 05.08.2024 to meet the Registrar reporting requirement.

Rail-bound ICD container scanning may shift to in-port facilities without additional permission when selected for external scanning.
Rail-bound ICD containers under transshipment selected for scanning at DTCS-01 near PUB may be scanned at DTCS-02 or MXCS within the port, without further permission from the Container Scanning Division. The procedure takes immediate effect, modifies prior instructions to that extent, and operates as a standing order for concerned customs officers and staff. Unaddressed procedural disputes may be resolved by reference to applicable public notices.

Authorised Officers designation under FSS Act expands food import points of entry; officers notified for clearance.
Customs Instruction No. 17/2024, incorporating FSSAI Notifications dated 03 May 2024 and 21 June 2024, adds four additional food import entry points and notifies designated authorised officers for import clearance. The Instruction updates and attaches a consolidated list of one hundred and fifty nine Points of Entry and modifies the earlier Instruction No. 07/2024 accordingly. It specifies whether authorised officer functions are to be exercised by FSSAI officials or by customs personnel (superintendent/appraiser/inspector/examiner) across port types and requests sensitisation of officers and reporting of implementation difficulties to the Board.

Place of supply rules for custodial services clarified; circular to be circulated to officials and trade organisations for compliance.
Clarification concerns the place of supply applicable to custodial services provided by banks to Foreign Portfolio Investors; the central circular clarifying these rules is attached and the State Tax Commissioner directs subordinate officers and business organisations to be informed and to act on the guidance for tax characterisation and compliance.

Taxability of related party loans: interest only consideration is exempt, but separate processing or administrative fees attract GST.
The circular confirms that supply between related persons exists under the UPGST Act, but services of granting loans/advances where consideration is solely interest or discount are exempt under the notified entry. Processing, administrative, facilitation or loan granting charges distinct from interest constitute taxable consideration for supply of services and attract GST. Where no such additional fees are charged between related parties or affiliates, no separate taxable service arises and open market valuation is not applicable; any additional fees will be subject to GST.

Special procedure compliance requires machine identification, Chartered Engineer certification of electricity use, and applies to job workers.
Manufacturers must complete FORM GST SRM-I Table 6 with machine identification: make/model optional (year of purchase may substitute), a machine number is mandatory and may be assigned if missing. Declare electricity consumption per machine from markings/records or obtain a certified calculation by a Practicing Chartered Engineer in FORM GST SRM-III and upload with SRM-I; list uploaded documents in Table 10. Report sale price where no MRP in FORM GST SRM-II Table 9. Chartered Engineer must hold a certificate of practice from the Institute of Engineers India. The procedure excludes SEZ units and manual sealing/packing and applies to job workers, with principal liable if the job worker is unregistered.

Monetary limits for government appeals restrict departmental filing before appellate fora unless merits require contestation.
Fixation of monetary limits governs the Department's authority to file appeals or applications under the UPGST Act: the Commissioner prescribes thresholds below which State Tax officers shall ordinarily refrain from instituting appeals or Special Leave Petitions before appellate fora. The relevant quantum for threshold purposes is the disputed amount of tax, interest, penalty, late fee or refund, aggregated in composite orders. Non-filing pursuant to limits does not create precedent or acquiescence, and specified exclusions require appeals to be taken on merit regardless of thresholds.

Valuation of imported services by related persons clarified for recipients eligible to full input tax credit, guidance issued for uniform application.
Clarification explains valuation of imported services supplied by related persons where the recipient is eligible to full input tax credit, affirming that valuation must follow existing GST valuation principles, including consideration of related party adjustments, markup and arm's length assessment as applicable. The State Tax Commissioner has circulated the Department of Revenue circular to subordinate officers and trade organisations for dissemination and uniform application.

Extended warranty treated as a separate supply of services when supplied after sale or by a different supplier, attracting GST obligations.
Extends prior circular instructions so that references to replacement of "part(s)" shall be read as "goods or its parts" for warranty replacements; confirms that distributor replacements from own stock later replenished by the manufacturer via delivery challan without consideration attract no GST and require no ITC reversal by the manufacturer; and clarifies that extended warranty supplied by a different person at sale, or supplied after sale, is a separate supply treated as a supply of services, with the warranty supplier liable to discharge GST.

Salvage ownership determines GST liability: insurer pays GST only when salvage vests with insurer on disposal.
GST liability on salvage/wreck is determined by ownership and the existence of supply. If the insurance contract deducts salvage value from the claim (treating it as a pre agreed deductible and limiting liability to IDV less salvage), the salvage remains the insured's property and the insurer has no GST liability on that value. If the insurer settles the full claim without deducting salvage, the salvage vests in the insurer and any subsequent disposal by the insurer is a taxable supply attracting GST.

Input tax credit availability: insurers can claim ITC for reimbursed motor repair costs when invoices are in insurer's name.
Insurance companies are entitled to claim input tax credit on motor vehicle repair services in reimbursement settlements where invoices are issued in the insurer's name, because the insurer is the recipient for the approved repair liability and consideration includes payments made by another person; ITC is limited to the approved reimbursed amount when full invoices exceed approved claim cost, and ITC is unavailable where the invoice is not in the insurer's name.

Proportionate reversal of input tax credit: suppliers must obtain verifiable certificates or recipient undertakings to validate post supply discounts.
Suppliers giving post-supply discounts via tax credit notes may exclude those discounts from taxable value only if Section 15(3)(b)(ii) conditions are met, notably proportionate reversal of input tax credit by the recipient. Until portal verification exists, suppliers must obtain a CA/CMA certificate (with UDIN) or, below the prescribed tax threshold, a recipient undertaking, detailing credit notes, linked invoice numbers, ITC reversal amounts and the FORM GST DRC-03/return reference; these documents will serve as admissible evidence for compliance and must be produced to tax authorities when required.

Time of supply for spectrum services: GST arises when each instalment is due or paid under reverse charge.
Supply of spectrum by DoT to a telecom operator is a continuous supply where payment obligations exceed three months and is taxable on reverse charge. For reverse charge supplies, time of supply is the earlier of payment date recorded by the recipient or sixty days after issue of an invoice/document; where instalment due dates are contractually ascertainable from the NIA/FAL, invoices must be issued on or before each instalment due date. GST is payable on upfront payment when paid or due, and on deferred instalments when each instalment is due or paid, whichever is earlier.

Time of supply for HAM highway services: invoice date or receipt of payment determines tax liability.
Time of supply for HAM concession contracts treating construction plus O&M as a single continuous supply is the invoice issuance date or receipt of payment, whichever is earlier, when the invoice is issued on or before the contractually specified date or event; otherwise the time of supply is the date of provision of service (or contractual due date of payment) or receipt of payment, whichever is earlier. Interest component in installments is includible in taxable value.

Input tax credit availability on ducts and manholes clarified as not barred by immovable-property blocked-credit rules.
Ducts and manholes forming part of an optical fiber cable network function as apparatus and infrastructure used to make outward supply of telecommunication services and are not excluded under the Explanation to the blocked-credit provisions; therefore, availment of input tax credit on such ducts and manholes is not barred by the immovable-property blocking rules.

Taxability of employee share schemes: no GST on cost-to-cost reimbursements; GST on additional facilitation fees under reverse charge.
The circular clarifies that securities/shares allotted by a foreign holding company to employees of an Indian subsidiary as part of ESOP/ESPP/RSU are neither goods nor services; where the domestic subsidiary reimburses the foreign holding company on a cost to cost basis, no supply arises and GST is not leviable. If the foreign holding company charges any additional fee, markup or commission beyond cost, that additional amount is taxable as an import of services and GST must be paid by the domestic subsidiary under reverse charge.