Proper officer designation shifted to Superintendent of Central Tax, reallocating registration and composition levy functions and requiring trade notices.
Functions relating to registration and composition levy under specified provisions of the CGST Act and associated CGST Rules are reassigned to the Superintendent of Central Tax, replacing prior assignment to Assistant or Deputy Commissioners/Directors; recipients must issue trade notices and report implementation difficulties to the Board.

Liberalised Remittance Scheme expanded: resident individuals may use IFSC foreign currency accounts for broader financial and cross-border transactions.
Remittances under the Liberalised Remittance Scheme to IFSCs are expanded: resident individuals may open Foreign Currency Accounts in IFSCs to avail financial services or products within IFSCs and to conduct all permissible current and capital account transactions in other foreign jurisdictions through such FCAs; Authorised Persons must inform customers and the Master Direction on LRS will be updated, subject to other legal permissions.

Surveillance of securities market: exchanges and depositories implement PAN-based freezes and automated disclosures to curb insider trading.
Master Circular consolidates SEBI surveillance directives requiring initial listing trades in a Trade for Trade segment, mandating intermediaries to implement internal conduct controls against circulation of unauthenticated market news, standardising PIT disclosure formats and reporting of Code of Conduct violations, and implementing system-driven disclosures and automated dissemination. It establishes a portal-based framework where Designated Depositories auto-populate DP PAN/demat details, listed companies confirm trading-window dates at least T-2 days, and depositories/exchanges freeze PAN at ISIN level to restrict on- and off-market transactions during trading-window closures with time-bound procedures for additions and exemptions.

Dissolution period for AIF schemes requires filing an information memorandum and merchant banker due diligence, with investor approval.
SEBI permits AIF schemes to opt for a dissolution period for unliquidated investments, requiring submission of an information memorandum to SEBI via a merchant banker before the expiry of the liquidation or additional liquidation period; the merchant banker must furnish a Due Diligence Certificate confirming compliance with Regulation 29 and adequacy of disclosures. Schemes seeking an additional liquidation period must submit prescribed information for SEBI consideration. In specie distributions (other than mandatory distributions) require approval of at least seventy five percent of investors by value. Managers, trustees/sponsors and key personnel are responsible for compliance and inclusion of these matters in the Compliance Test Report.

Monetary limits for government appeals restrict filing to matters above prescribed thresholds, with defined exclusions and safeguards.
Chief Commissioner, on GST Council recommendation, fixes monetary thresholds below which State tax officers shall not file appeals or Special Leave Petitions under the RGST Act before GSTAT, High Courts and the Supreme Court. The thresholds apply to aggregated disputed amounts-tax (all components), interest, penalty, late fee and refunds-and to composite orders. Non filing under these limits does not create precedent or imply acquiescence; reviewing authorities must record the non filing reason and departmental representatives must notify the forum that non filing was due to the prescribed monetary limit. Specific exclusions to the limits are enumerated.

Reversal of Input Tax Credit: CA/CMA certificate or recipient undertaking required to evidence ITC reversal for post-supply discounts.
Discounts given by issuance of tax credit notes after supply may be excluded from taxable value only if the recipient has proportionately reversed the input-tax credit as required by section 15(3)(b)(ii). Until portal verification exists, suppliers must obtain a CA/CMA certificate from the recipient certifying the reversal, including credit note and invoice details, ITC reversal references and UDIN; for discounts below a monetary threshold in a financial year, a recipient undertaking with the same details is acceptable. Such certificates/undertakings are admissible evidence and must be produced to tax officers when required, including for past periods.

Input-tax credit availability on ducts and manholes for optical fiber networks affirmed, not barred by immovable-property exclusions.
ITC on ducts and manholes used in OFC networks for telecommunication services is not barred by the immovable-property exclusions in section 17(5) of the RGST Act because, under the Explanation to section 17, such ducts and manholes function as part of plant and machinery used to make outward supplies and are not excluded as land, buildings, telecommunication towers or external pipelines.

Supply between related persons: loans with only interest are exempt from GST, while separate processing fees remain taxable.
Supply between related persons is treated as a supply even without consideration; services of extending loans are exempt from GST when consideration is only interest or discount. Distinct charges such as processing or administrative fees constitute taxable consideration for loan processing/facilitation services and attract GST. Where related parties charge no such fees beyond interest/discount, there is no taxable service and open market valuation should not be applied.

Input tax credit entitlement for reimbursement claims: insurers may claim ITC for approved motor vehicle repair costs.
Insurers may claim ITC on motor vehicle repair services in reimbursement claims because the insurer is the recipient for the approved repair liability; ITC entitlement is limited where invoicing and reimbursement diverge - two separate invoices allow credit on the insurer issued invoice, whereas a single invoice to the insurer yields credit only to the extent of the approved reimbursement; absent an invoice in the insurer's name, credit is not available.

Extended warranty taxation treats separately supplied or later-sold coverage as services, while warranty stock replenishment remains GST-neutral.
Warranty replacement treatment applies to replacement of goods as well as parts. Where a distributor replaces goods or parts from its own stock on behalf of a manufacturer and receives replenishment without separate consideration, no GST is payable on replenishment and no input tax credit reversal is required by the manufacturer. Extended warranty is part of a composite supply of goods only when supplied by the goods supplier at original supply; otherwise, including when supplied later, it is a separate taxable supply of services.

Motor insurance salvage taxability depends on ownership: insurers pay GST only when full claim settlement transfers salvage to them.
GST on motor-vehicle salvage depends on ownership under the insurance contract. If salvage value is deducted from a total-loss claim, the salvage remains the insured's property and the deduction is not consideration for a supply by the insurer; no GST liability arises for the insurer. If the claim is settled for the full insured declared value without a salvage deduction, the salvage becomes the insurer's property, and GST is payable on its subsequent sale or supply.

Input tax credit reversal does not apply where life insurance premium is excluded from taxable value under prescribed valuation rules.
Input tax credit reversal is not required for the portion of premium excluded from taxable value under Rule 32(4) for taxable life insurance policies. Premium allocated to investment or savings is excluded under the valuation mechanism but does not become an exempt or non-taxable supply. The life insurance service remains taxable, and exclusion of consideration from taxable value does not change its tax character. Accordingly, the credit-reversal provisions applicable to exempt supplies do not apply to such excluded premium.

ESOP reimbursements remain outside GST when made at cost, while overseas facilitation charges attract reverse-charge tax.
Securities and shares issued under ESOP, ESPP or RSU arrangements are neither goods nor services under GST law. A cost-to-cost reimbursement by an Indian subsidiary to its overseas holding company for shares transferred directly to employees does not constitute an import of services and is not liable to GST. However, any additional fee, markup or commission charged by the overseas holding company is consideration for facilitating or arranging the securities transaction. GST applies to that additional amount as an import of services, payable by the Indian subsidiary under reverse charge.

Continuous supply of services governs tax timing for HAM highway contracts, with annuity interest included in taxable value.
HAM highway concession agreements for construction, operation and maintenance constitute a single continuous supply of services and cannot be split based on staggered payment terms. Where invoices are issued by the specified contractual date or event-completion date, tax liability arises on the earlier of invoice issuance or receipt of payment. If invoices are not timely issued, liability arises on the earlier of the contractual payment due date, treated as the service-provision date, or receipt of payment. Interest included in annuity instalments is includible in taxable value.

Voucher GST treatment: trading is outside supply, while agency commissions and ancillary services remain taxable.
Transactions in vouchers are outside GST supply: RBI-recognised prepaid vouchers used to settle obligations qualify as money, while other vouchers are actionable claims other than specified actionable claims. Principal-to-principal voucher trading for a margin is therefore not taxable. However, commission or fee earned by agents and distributors for voucher distribution, and consideration for ancillary services such as marketing, customisation or support, is taxable as a supply of services. Unredeemed voucher breakage is not taxable where no underlying supply occurs and no agreement provides for non-redemption charges.

Place of supply for online services follows the unregistered recipient's recorded State, requiring mandatory invoice disclosure and reporting.
For online services supplied to unregistered recipients, the recipient's State name recorded on the tax invoice is deemed to be the address on record, making the recipient's location the place of supply. This requirement applies irrespective of supply value to online money gaming, OIDAR services, and all online services supplied through a supplier's own digital platform or an electronic commerce operator. Suppliers must obtain and record the recipient's State before supply and declare the recipient-based place of supply in FORM GSTR-1/1A. Omission of mandatory invoice particulars may attract penal action.

Special manufacturing procedure clarifies machine disclosures, engineer certification, exclusions for manual packing, and compliance by job workers.
The special procedure requires specified machine particulars in FORM GST SRM-I, with mandatory machine numbers and final-packing machine details. Where electricity consumption data is unavailable, it may be calculated and certified by an eligible practicing Chartered Engineer, with the certificate uploaded with the form. Goods without MRP must report sale price in FORM GST SRM-II. The procedure excludes SEZ units and specified manual packing operations, while applying to manufacturers, job workers and contract manufacturers; a principal manufacturer bears compliance responsibility where the job worker or contract manufacturer is unregistered.

Input tax credit for electronic commerce operators remains available, but specified service tax liabilities require payment through cash ledger.
Electronic commerce operators liable to pay tax on specified services supplied through their platforms under Section 9(5) of the Rajasthan Goods and Services Tax Act, 2017 need not reverse input tax credit proportionately under Sections 17(1) or 17(2). This principle applies to all services notified under Section 9(5). The tax liability on such specified services must be paid entirely through the electronic cash ledger. Input tax credit relating to inputs and input services used to facilitate those supplies cannot be used for that liability, but may be utilised against tax payable on the operator's own platform-related supplies.

Information sharing under Income tax Act: specified authority to provide taxpayer status flags to state agriculture department.
Direction designates the Director General of Income tax (Systems), Delhi as the specified authority to furnish taxpayer information to the Agriculture Production Commissioner & Secretary, Government of Telangana. The State will provide Aadhaar numbers and PANs with assessment year(s); the authority will return a status flag "Y, N, NA" for each identifier and year. Frequency and mode of exchange will be decided by the authority in consultation with the requesting Government. The authority must enter into a Memorandum of Understanding with the notified State authority covering data transfer mode, confidentiality, secure preservation, weeding of data, and timelines, and must forward a copy of the MoU for record.

Transhipment permission: Bangladesh export cargo may be routed via Kempegowda Bengaluru under prescribed customs procedure.
Transhipment of Bangladesh export cargo by road from LCS Petrapole to Air Cargo Complex, Kempegowda International Airport, Bengaluru is allowed from 15.07.2024, under the procedure prescribed in Circular No. 29/2020-Customs (as amended), and will continue until further direction from the Board.