Relaxation of Additional Fees: CRA 4 filing extension avoids extra fees for delayed cost audit XBRL submissions; later filings attract fees.
Filings of CRA-4 for the financial year ended 31.03.2025 made on or before 31.12.2025 will not attract any additional fees due to deployment of the MCA V3 portal; filings after that period will attract all applicable fees, including additional fees, as provided in the Companies (Registration Offices and Fees) Rules, 2014, from the date when such filings were originally due under Rule 6(6) of the Companies (Cost Records and Audit) Rules, 2014.

Transfer of PMS business requires regulator approval and transferee assumes all liabilities and client mandates.
Transfer of PMS business requires prior regulatory approval. Intra group transfers may be of select investment approaches or the entire business, with surrender of registration if fully transferred. Inter group transfers require a joint application, mandate complete business transfer, and require the transferee to undertake liability for all acts, deeds, pending actions, litigations and other obligations; the transferor must not onboard new clients during the process and must surrender its registration upon completion. Specified undertakings, client consents, board resolution, business transfer agreement and fit and proper declarations are required.

GST compliance evidence procedure withdrawn for supplier conditions under the Karnataka tax law clarification.
Withdrawal of earlier clarification on the mechanism for providing evidence of compliance with the conditions of section 15(3)(b)(ii) of the Karnataka Goods and Services Tax Act, 2017 by suppliers. The Commissioner of Commercial Taxes, exercising powers under section 168, withdraws circular No. GST-05/2024 dated 29 June 2024, and the procedure prescribed in that circular for furnishing evidence of compliance is no longer required.

Consolidation of customs exemption notifications consolidates standalone exemptions into a single superseding notification, simplifying trade compliance.
Thirty standalone customs exemption notifications have been merged into a single consolidated notification issued in substitution of the earlier consolidated instrument and the listed standalone notifications, with existing concessionary entries largely unchanged save for minor modification and an omission; consequential amendments to related tax rate notifications align indirect tax instruments with the consolidation, and the changes are to take effect from the stated implementation date, with contact points provided for reporting errors or seeking clarification.

International transshipment handling permission for LCL shipments is renewed subject to continuing customs compliance and withdrawal for any lapse.
International transshipment of LCL containers handling permission for M/s. All Cargo Logistics Limited CFS has been renewed for a further one-year period, extending validity up to 10 September 2026. The CFS must comply with prescribed conditions and procedures under the applicable Board circular, Chennai Customs public notice, the Handling of Cargo in Customs Area Regulations, 2009, the Customs Act, 1962, and further public notices. Any lapse may result in withdrawal of permission without further notice.

SEZ Letter of Approval extensions subject to strict compliance monitoring and conditional regularisation of prior validity periods.
The Board of Approval granted time-limited extensions of Letters of Approval and one Formal Approval subject to specified compliance conditions (lease execution, appointment of compliance officer, payment of dues, statutory reporting and audit certificates) and monitoring by recommending authorities; approved a co-developer application subject to submission of the required compliance certificate and standard terms; authorised multiple demarcations of Processing Area to Non-Processing Area under Rule 11B; and agreed with a Development Commissioner to cancel an LoA where milestones were unmet.

Export obligation periods set at 120 days generally, 180 days for precious metal findings/mountings and jewellery exports.
The amendment restates that export obligations under Advance Authorisation must be fulfilled within 120 days from import per consignment, except that imports of findings and mountings of gold, platinum and silver and exports of jewellery have a 180 day export obligation; no further extensions are permitted, and gold may be imported as replenishment after completion of exports.

Standard Input Output Norms reinstatement for galvanized tension bars restores amended input and wastage requirements.
Reinstatement and amendment of Standard Input Output Norms (SION) C-676 restores input and wastage specifications for export of hot dipped galvanised tension bar/gate rods/truss rods/drop rods, listing permissible inputs (re-rollable usable scrap/billet cuttings, MS billets/blooms, non-alloy steel wire rods, zinc 99.99% purity) and specific wastage and consumption rates per kilogram of net weight of the ungalvanized export product; effective immediately under paragraph 1.03 of the Foreign Trade Policy 2023.

GST circular withdrawal removes the prescribed procedure for proving compliance with supplier conditions under the Andhra Pradesh tax law.
Withdrawal of a prior GST circular under the Andhra Pradesh Goods and Services Tax Act, 2017 removes the earlier procedure for furnishing evidence of compliance with the conditions of Section 15(3)(b)(ii). The Chief Commissioner withdraws the circular under section 168(1) to promote uniform implementation across field formations, and trade notices are to be issued to publicise the change.

Secondary discounts under GST clarified: input tax credit, consideration treatment, and dealer promotional services depend on the underlying supply arrangement.
Clarification on secondary or post-sale discounts under GST states that input tax credit need not be reversed where financial or commercial credit notes do not reduce the original transaction value. A post-sale discount to a dealer is generally not consideration for onward supply or for a separate service when the dealer acts on a principal-to-principal basis and no independent service is rendered. GST arises only where specific promotional or related services are expressly agreed for a defined consideration.

Entertainment sector tax audit finds inconsistent expense verification, weak Form 52A monitoring, TDS gaps and data sharing failures.
Audit identifies inconsistent AO treatment of pre operative expenses, failure to verify production reimbursements and foreign incentives, ineffective monitoring and non use of Form 52A (lacking PAN and non submission), weak inter unit and inter agency data sharing (including state entertainment tax and CBFC), absence of TDS on distribution rights under production and inconsistent withholding on foreign line producer payments, and recurring procedural and computational assessment errors; recommends CBDT instructions, Form 52A redesign and proactive enforcement, refined codes for emerging segments, centralized assessment in film circles, improved data exchange and IT based validation of tax computations.

GST circular withdrawal: procedure requiring evidence under Section 15(3)(b)(ii) is no longer required.
The State withdraws Circular No. 6/2024-GST (2 July 2024), aligning with the Central Board's withdrawal, and declares that the procedure for providing evidence of compliance with Section 15(3)(b)(ii) shall not be required; field formations must follow Central Circular No. 253/10/2025-GST to ensure uniform implementation and issue trade notices while reporting any implementation difficulties.

Post sale discounts under GST: when discounts affect input tax credit and when they form part of consideration for supply.
Where suppliers issue financial or commercial credit notes the original transaction value and tax liability remain unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts from manufacturer to dealer typically reduce the dealer's sale price and are not consideration for the dealer's supply to the end customer unless the manufacturer has an agreement with the end customer that the dealer is enabled to implement, in which case the discount is includible in overall consideration. Discounts that do not pay for distinct promotional services are not taxable unless a specific agreement defines such services and consideration.

Faceless customs assessment requires complete e-Sanchit documentation, clear declarations, compliant certifications, and specific responses to assessment queries.
Faceless customs assessment requires complete, legible supporting documents to be uploaded in e-Sanchit and linked to the relevant Bill of Entry through the Image Reference Number. Importers should provide clear goods descriptions, classification particulars, value-supporting records, manufacturer details where relevant, and documents establishing compliance with exemption conditions, registrations, certifications, licences and monitoring requirements. Query replies must be specific and comprehensive. The generally required document list is non-exhaustive, and further documents may be requested based on the goods and assessment needs.

Reverse demarcation of built-up area permitted in IT/ITES SEZs subject to demarcation order and no duty refund claim.
Reverse conversion of Non-Processing Built-Up Area to Processing Built-Up Area in IT/ITES SEZs is to be decided under the general demarcation authority, which may issue demarcation orders and secure controlled entry and exit between demarcated areas; such reverse demarcation approvals are conditional and may be granted only where the applicant developer has no claim for duty refund.

Annual filings: companies may file FY2024 25 e forms without additional fees until 31 December 2025 deadline.
Companies may file specified annual e forms for FY 2024-25 (MGT 7, MGT 7A, AOC 4 variants and AOC 4 XBRL) without payment of additional fees until 31 December 2025 to accommodate deployment of revised forms. This relief does not extend statutory time for holding AGMs; noncompliance remains liable to legal action. Filings after the circular's currency will attract all fees, including additional fees, under the Companies (Registration Offices and Fees) Rules, 2014, from the original due date.

Withdrawal of GST circular rescinds the prescribed supplier procedure for evidence of compliance with valuation-related GST condition.
The Chief Commissioner of State Tax has withdrawn GST Circular No. 13/2024 (09 July 2024), rescinding the previously prescribed procedure by which suppliers were to provide evidence of compliance with the valuation-related condition under the GST law, on the stated basis of ensuring uniform implementation across field formations.

Post-sale discounts: credit notes that don't alter transaction value don't require reversal of input tax credit; inducement rules vary.
Where suppliers issue financial/commercial credit notes without reducing the original transaction value, the supplier's tax liability remains unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts by a manufacturer to a dealer are not consideration for the dealer's supply when sales are independent principal to principal transactions, but are includible in consideration where the manufacturer has an agreement with the end customer and enables the dealer to supply at the agreed discounted price. Discounts that merely reduce the dealer's sale price are not taxable as separate services unless a distinct promotional service with specified consideration is contracted.

Provisional GST refunds: 90% payable for system-identified low-risk claims; detailed scrutiny permitted where reasons are recorded.
Amendment to rule 91(2) permits sanction of 90% provisional refund for refund applications categorised as low-risk by the system, subject to statutory eligibility and existing FORM GST RFD-02/RFD-03 timelines; the proper officer may, for reasons recorded in writing, decline provisional sanction and proceed to detailed examination under rule 92. Non-low-risk applications require detailed scrutiny and no provisional payment. If provisional payment exceeds final admissible amount, a show cause notice in FORM GST RFD-08 will be issued. The risk-based provisional refund regime applies to applications filed on or after 01.10.2025 and is extended as an interim measure to inverted duty structure claims.

Evidence of compliance under Section 15(3)(b)(ii) withdrawn; Commissioner rescinds prescribed procedure for uniformity, report difficulties to Commissioner.
The Commissioner has withdrawn Trade Circular No. 06/2024, removing the previously prescribed procedure for suppliers to provide evidence of compliance with the relevant condition of the West Bengal Goods and Services Tax Act; the procedure shall no longer be required. The withdrawal is effected under the Commissioner's administrative powers to ensure uniform implementation, and difficulties in implementation may be reported to the Commissioner.