Restriction on input tax credit availment where suppliers' invoice details are not uploaded, requiring taxpayer self assessment and reconciliation.
Sub rule (4) of rule 36 limits input tax credit availment where suppliers have not uploaded invoice/debit note details under section 37(1); taxpayers must self assess and restrict ITC in their returns by reference to eligible credit shown in FORM GSTR 2A as on the due date for suppliers' FORM GSTR 1. The cap is computed on a consolidated basis excluding invoices ineligible for ITC, and withheld credit may be claimed in later months as suppliers upload requisite details.

Social Welfare Surcharge must be paid in cash on imports despite use of duty credit scrips; past debits preserved.
SWS is a distinct duty chargeable on imported goods and is not exempt under the FTP or Customs exemption notifications; it cannot be debited through duty credit scrips (such as MEIS/SEIS) and must be paid in cash going forward, though past debits of SWS in duty credit scrips will be permitted to stand without recovery.

Investment adviser registration in IFSC requires prescribed qualifications, certification, net worth and annual compliance audit for operating eligibility.
The guidelines require entities seeking Investment Adviser registration in IFSC to apply under the Investment Adviser Regulations, meet corporate-form and recognised-entity eligibility, submit prescribed fees and documentation (including recent net worth certification and credit score for overseas applicants), and provide services only to specified client categories. Ongoing compliance mandates professional qualifications, mandatory certification (domestic accreditation for advice on domestic securities), a specific net worth requirement with separate maintenance per activity and annual compliance audit by qualified professionals.

National Calamity Contingent Duty not excused by basic excise exemption; revenue recovery and litigation urged.
The Supreme Court held that exemption of basic excise or customs duty does not automatically exempt distinct additional levies; in absence of a specific exemption notification, National Calamity Contingent Duty, education cess and secondary and higher education cess remain payable. Field formations are directed to recover unpaid duties, treat NCCD as part of value for GST computation where applicable, and to contest adverse orders by appropriate appeals or petitions in consultation with standing counsel.

Notice to return defaulter triggers best-judgment assessment if return not filed within specified period, and recovery may follow.
Issuance of a notice in FORM GSTR-3A is required for return non-filing, giving the registered person 15 days to furnish the return; failure to do so permits the proper officer to make a best judgment assessment under section 62 and issue FORM GST ASMT-13, uploading the summary in FORM GST DRC-07. The officer may rely on GSTR-1, GSTR-2A, e way bills, inspections and other available material for assessment. A valid return furnished within thirty days of the assessment order leads to withdrawal of the assessment; otherwise recovery and further proceedings may follow.

Reverse Charge Mechanism on motor vehicle rentals: recipient pays GST when supplier does not charge the higher-rate tax.
RCM applies to renting of passenger motor vehicles (with fuel included) only where the supplier is other than a body corporate, does not issue an invoice charging the higher tax rate, and supplies the service to a body corporate; when RCM applies the recipient, not the supplier, is liable to pay GST and the supplier should not charge tax.

SIMS registration: no duplicate registration required for SEZ-to-DTA supplies without processing; processing altering HS code requires registration.
If an import is registered under SIMS at the point of entry into SEZ/FTWZ, no additional SIMS registration is required when those goods are supplied to a DTA unit without processing; however, if manufacturing or processing in the SEZ/FTWZ changes the commodity classification at the eight digit HS Code level, the importer in the DTA must obtain SIMS registration for the transformed goods.

Annual GST return filing deadline extended to address technical difficulties in electronic filing for the specified financial period.
Annual GST return filing for the period from 1 July 2017 to 31 March 2018 was extended due to technical difficulties faced by registered persons in electronic filing. The date in the Explanation to the annual-return provision was substituted, replacing 31 December 2019 with 31 January 2020. The measure concerns registered persons required to furnish annual returns, subject to the stated exclusions.

Annual system audit requirement ensures independent IT controls assessment, documented non compliances and mandated regulatory reporting.
SEBI mandates an Annual System Audit for Market Infrastructure Institutions covering IT environment, governance, security, change control, business continuity and vendor/HR practices. Auditors must meet selection and rotation norms, be free of conflicts, have sector experience and CERT In empanelment. Audit reports must document findings with evidence, risk ratings, remediation plans and timelines, address previous open items, be placed before the Governing Board, and be submitted to SEBI within prescribed timelines along with an MD/CEO security declaration; follow on audits or verified Action Taken Reports are required as applicable.

Registration under Sea Cargo Manifest and Transhipment Regulations required; stakeholders must register on ICEGATE and begin dual-format testing.
Registration on the ICEGATE portal is mandatory for all stakeholder categories under the Sea Cargo Manifest and Transhipment Regulations to file prescribed messages; entity types must apply separately for each role. Some entities require officer approval while others receive auto approval; Other Notified Carriers must register a National Surety Bond and custodians must onboard to ICEGATE MFTP. During the interim testing phase stakeholders must submit manifests in both old and new formats, respond to officer queries online (with additional documents furnished manually), and begin test filings promptly after registration.

Customs tariff update requires use of new tariff lines in all import/export declarations and reassessment of pending entries.
From 01.01.2020 import/export declarations must use newly introduced valid Customs Tariff Headings (CTHs); the Customs EDI system now accepts only valid CTHs. Ex-bond BEs tied to old warehouse BEs must be filed with new CTHs when old headings are invalid. Advance/prior BEs pending for OOC filed before 01.01.2020 must be recalled and reassessed if CTHs change. Trade and officers must manually verify CTHs, notification application and PGA clearances for newly added tariff lines and report any discrepancies to the Joint Commissioner (EDI Section) at the provided email.

Inter bank and customer forex trading beyond onshore market hours now permissible for authorised dealer Category I banks.
Authorised Dealer Category I banks may voluntarily undertake customer (residents and non residents) and inter bank foreign exchange transactions beyond onshore market hours, executed out of their Indian books or through overseas branches and subsidiaries, pursuant to an amendment to Part C of the Master Direction-Risk Management and Inter Bank Dealings; this permission is subject to any other statutory permissions or approvals required.

Capped additional contribution by non-defaulting members limits and structures replenishment obligations after defaults.
Contributors must make monthly Core SGF contributions before the month; where Core SGF is used, members must replenish their individual usage immediately but only once within a thirty calendar day period from the Clearing Corporation's notice of default. Failure to replenish is temporarily met first by the Clearing Corporation and then by the regulator. Layer VII allows a single-call capped additional contribution by non-defaulting members within the same thirty day window, permits unconditional resignation subject to settlement and dues, caps contributions by segmental limits, and allows allocation of unrecovered losses to the prior layer with regulator approval.

Issuer not cooperating (INC) ratings: downgrade to non-investment grade and suspension of new ratings until cooperation resumes.
SEBI requires CRAs to downgrade instruments to non-investment grade with INC status where an issuer's ratings remain non-cooperative for a prolonged period and to suspend assignment of new ratings until cooperation resumes or withdrawal. It prescribes a standard No Default Statement template for issuer confirmations of defaults and payment delays, and permits earlier withdrawal of ratings on multi-rated instruments subject to continuous rating tenure, a bondholder no-objection certificate, and an issuer undertaking; withdrawal must be accompanied by an assigned rating and a press release explaining reasons.

Import testing and sampling procedures for toys require representative sampling, NABL lab testing, and No Use Bond conditions for provisional clearance.
Amendment prescribes representative sampling at First Check for imported toys with a specified minimum coverage, generation and countersignature of a Test Memo, sealed transfer of samples to the importer's representative for forwarding to a NABL laboratory, and submission of a duplicate sealed test report to the Deputy/Assistant Commissioner. Importers may warehouse consignments pending tests; AEO clients may obtain provisional clearance on execution and upload of a No Use Bond and undertaking, with final clearance only after successful testing. Failed samples trigger further testing of other models, clearance only for goods meeting BIS standards, and re-export or destruction of nonconforming goods at the importer's expense.

Change of corporate control approved with conditions requiring continuity, regulatory compliance and tax authority notification.
BoA approved multiple extensions, granted formal approval for a new IT/ITES SEZ, authorised co developer roles for data centre and FTWZ development, and approved or gave in principle approval to name, constitution and shareholding changes subject to conditions: seamless continuity of SEZ activities; fulfilment of eligibility and security clearances; compliance with Revenue/Company Affairs/SEBI rules on capital gains, equity transfers and taxability; immediate furnishing of full financial details to Member (IT), CBDT and the jurisdictional authority; provision of PAN and assessing officer details to CBDT; and preservation of the Assessing Officer's right to assess taxability under the Income Tax Act. Environmental NoC and other statutory clearances were required where applicable.

Advance debiting of origin certificates is limited to fully facilitated import declarations, while assessed entries follow established group procedures.
Advance debiting or defacement of country-of-origin certificates before registration is confined to fully facilitated Bills of Entry not prescribed for assessment or examination. Bills of Entry sent for assessment must follow the established Assessment Group procedure. Stakeholders must generate IRN and DRN for uploaded documents and link additional documents to the relevant Bill of Entry. Country-of-origin certificates, IGCRD intimations, and similar documents debited or defaced by groups should be uploaded in e-Sanchit before registration.

One-time condonation under EPCG scheme extended to allow requests for export obligation and installation relief until end of March 2020.
One-time condonation measures under the EPCG Scheme are extended to allow receipt of requests in Regional Authorities until 31.03.2020 for block-wise extension, extension of Export Obligation periods, and condonation of delayed submission of installation certificates; prior delegation to Regional Authorities for one-time relaxation without penalty and all other terms of the earlier Public Notices remain unchanged.

Condonation of delay in filing Forms 9A and 10 permits belated submissions within one year subject to reasonable-cause and investment checks.
For assessment year 2018-19 and subsequent years Commissioners of Income-tax are authorized to admit belated electronic submissions of Form No. 9A and Form No. 10 where delay does not exceed one year, provided the Commissioner is satisfied that the assessee was prevented by reasonable cause from timely filing; in respect of Form No. 10 the Commissioner must also verify that accumulated amounts have been invested or deposited in the permissible modes for accumulated funds.

Condonation of delay in filing Form 10B allows commissioners to admit belated audit report applications on merits.
The CBDT authorises condonation mechanisms for belated filing of Form No.10B: delays where the audit report was obtained before filing but furnished after filing yet before the due date have been condoned for earlier specified years; for the assessment year 2018-19 and subsequent years, commissioners may admit and decide belated applications within a prescribed period, provided they are satisfied the assessee was prevented by reasonable cause from filing timely, and must examine each application on its merits before exercising discretion to condone delay and affect exemption entitlement under sections 11 and 12.