Input tax credit on demo vehicles applies when test drives promote dealers' own further supply of similar vehicles.
Input tax credit is available on demo vehicles used by authorised dealers for trial runs and feature demonstrations that promote their further supply of similar motor vehicles. Credit is unavailable where vehicles are used for staff or management transport, or where the dealer only provides marketing or facilitation services for a manufacturer without making vehicle supplies on its own account. Capitalisation does not independently restrict credit, but depreciation claimed on the tax component prevents credit on that component. Disposal of a capitalised demo vehicle requires payment of the applicable amount or tax.

Advertising services to foreign clients qualify under recipient-location rules when agencies provide comprehensive services on their own account.
An Indian advertising company providing a comprehensive advertising service to a foreign client on its own account is not an intermediary merely because it procures media space from media owners. The foreign client is the recipient where it contracts for, is invoiced for, and pays the service; neither its Indian representative nor the target audience is the recipient. Such services are not performance-based, and the recipient-location rule applies where no specific rule governs. Where the foreign client is outside India, the service may qualify as export subject to applicable conditions. Mere facilitation of a direct foreign-client-media-owner arrangement is intermediary service.

GST treatment of cross-border advertising clarified, directing compliance and dissemination to subordinate officers and business organisations.
The Commissioner of State Tax forwards a central clarification on the GST treatment of advertising services provided by Indian advertising companies to foreign entities, directing subordinate officers to ensure dissemination to officials and business organisations and to secure compliance with the clarified tax treatment.

Place of supply clarification for data hosting services requires service providers to ensure compliance and notify affected business stakeholders.
Clarification addresses the place of supply for data hosting services provided by service providers located in India to cloud computing providers, attaching the Central Board's circular and directing subordinate officers to ensure compliance and inform business organisations of the clarification for implementation and awareness.

IGST refund regularization permitted when IGST and compensation cess are later paid and imports reassessed by Customs.
Where inputs were initially imported without payment of integrated tax and compensation cess under specified customs notifications but the registered person subsequently pays IGST and compensation cess with interest and obtains reassessment of the Bill of Entry by Customs, the IGST refunded on exports to that exporter shall not be considered to contravene sub rule (10) of rule 96.

GST regularization clarifies exemptions and subsidy treatment for rail services, SPV infrastructure, RERA, payments, reinsurance, accommodation.
Clarification and regularization of GST liabilities and exemptions for specified services: Ministry of Railways public services and inter-zone supplies exempted and regularized on an as is where is basis; SPV supplies of infrastructure use exempted and regularized for the stated historical period; RERA statutory collections fall under the governmental authority exemption; incentive sharing by acquiring banks under the notified RuPay/UPI scheme treated as a subsidy and not taxable where distributed in NPCI-determined proportions; reinsurance of certain exempt insurance schemes and government-premium schemes regularized for past periods and reinsurance is clarified to include retrocession.

GST classification clarifications: solar cookers, sprinklers, machinery parts and packaged produce reclassified and past issues regularized with conditions.
Clarification under section 168 clarifies that dual-energy solar cookers are classifiable under heading 8516 and attract 12% GST; all sprinklers including fire water sprinklers attract 12% GST and past-period issues are regularised on an "as is where is" basis. Parts of poultry-keeping machinery fall under tariff item 84369100 and attract 12% GST, with the Schedule amended to include parts and past-period regularisation. The definition of "pre-packaged and labelled" excludes agricultural produce in packages exceeding 25 kilogram or 25 litre, removing the 5% levy on such supplies, and past doubts are regularised.

Input tax credit on demo vehicles permitted when used to promote further vehicle sales, subject to capitalization and reversal rules.
Demo vehicles used by authorised dealers to facilitate trial runs and demonstrate features promote sale of similar motor vehicles and thus qualify as used for the further supply of such motor vehicles, so ITC is not blocked under clause (a) of section 17(5) of the UPGST Act; vehicles used for other purposes or where the dealer is merely an agent do not qualify. Capitalisation does not preclude ITC as such demo vehicles qualify as capital goods, but ITC is subject to section 16(3) disallowance where depreciation on the tax component is claimed and to adjustment on subsequent sale under section 18(6) read with rule 44(6).

Tariff rate quota allocation for sugar export to EU affirmed; implementing agency to manage quota and certification requirements.
Allocation of a specified quantity of sugar for export to the EU under the tariff rate quota (TRQ) for the 2024-25 year is notified. Export of sugar under TRQ is 'Free' subject to the Nature of Restrictions. Certificate of Origin for preferential export shall be issued on recommendation of the implementing agency, which will operate the quota. Applicable reporting and other certification requirements in existing notifications continue to apply.

Listing timeline reduction enables faster issuer access to funds and earlier investor liquidity through accelerated public-issue listings.
Reduction of the listing timeline for public issues of debt securities and non-convertible redeemable preference shares to T+3 working days (optionally for one year, then mandatory) to accelerate issuer access to funds and investor liquidity. During the voluntary year, the refund/unblocking and interest obligations under regulation 37(2) will apply only after T+6 if the issuer fails to meet the chosen T+3 timeline. The T+3 timeline must be disclosed in offer documents and stock exchanges will monitor compliance; an Annexure prescribes the timebound operational steps to achieve listing within the T+3 schedule.

Foreign Venture Capital Investors must engage DDPs for registration, KYC, beneficial owner checks and monthly reporting under new operational guidelines.
FVCIs must register and operate through DDPs: existing FVCIs must engage a DDP by March 31, 2025 or face staged liquidation; DDPs conduct eligibility, country, regulatory and beneficial ownership due diligence (referencing IOSCO, SEBI bilateral MoUs, BIS and FATF), process Form-A applications, grant SEBI-generated registration numbers, monitor compliance, report monthly to SEBI, and notify SEBI within seven days of sanctions-list or fit-and-proper failures. KYC, BO identification per PML Rules, record retention, data-security controls at KRAs, renewal, surrender, change-of-DDP and material-change procedures are specified.

Proper officer designations under HPGST allocate enforcement and audit powers while preserving zonal and circle jurisdiction.
Proper Officer functions under the Himachal Pradesh Goods and Services Tax Act, 2017 are allocated among GST Wing officers posted in enforcement and audit. Senior enforcement officers receive broad functions covering inspection, search, seizure, information, tax determination, recovery, penalties, detention and confiscation; specified functions are assigned to subordinate officers. Audit officers are designated for audit, information, tax determination, recovery and penalty functions. Officer jurisdiction is generally confined to the relevant zone or circle, subject to authorised extension across GST Zones or within a GST Zone.

Delegation of GST powers reallocates audit extensions, payment facilities and specified taxpayer-service functions to designated tax officers.
Delegation of powers under the Himachal Pradesh Goods and Services Tax Act, 2017 is effected by the Commissioner under section 5, replacing earlier delegation orders while preserving prior actions and omissions. Audit-related extension powers are delegated to specified Joint Commissioners and the Deputy Commissioner, TAU. Powers concerning payment facilities and liability in certain cases are delegated to the Joint Commissioner for Taxpayer Services, Enforcement and Allied Taxes. Powers under an earlier circular are also delegated to that Joint Commissioner and the Deputy Commissioner for Taxpayer Services, Enforcement and Allied Taxes.

Input tax credit restrictions are assigned to tax officers according to the value of ineligible or fraudulent credit.
Authorisation to exercise powers under rules 86A and 86B of the Himachal Pradesh Goods and Services Tax Rules, 2017 is based on the total amount of ineligible or fraudulently availed input tax credit. Deputy Commissioners and Assistant Commissioners are authorised for the lower monetary band, Joint Commissioners for the intermediate band, and the Commissioner of State Taxes and Excise for cases exceeding the highest band. The powers include disallowing debit from the electronic credit ledger under rule 86A.

Export transshipment by rail enables ICES-based cargo movement to gateway ports with bond, seal verification, and drawback processing.
Export Transshipment through ICES permits rail movement of export cargo from Kolkata Sea Port container freight stations to Jawaharlal Nehru Port as gateway port. After Let Export Order, the transhipper files an ETP application and must maintain a registered Transshipment Bond and Bank Guarantee at the originating port. The approved permit accompanies the container and the transhipper remains responsible for safe export movement. Gateway-port officers verify container particulars and seal integrity before allowing shipment. ETP approval supports drawback processing at the originating port, while the steamer agent files the export general manifest after shipment approval.

Extension of CAVR validity: import valuation order for linear alkyl benzene extended for one year to maintain valuation controls.
The Central Board of Indirect Taxes and Customs, exercising powers under the Customs Act and the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023, extends the validity of CAVR Order No. 1/2023-Customs for Linear Alkyl Benzene. The extension takes effect from 26th September 2024 and preserves the existing valuation declaration assistance and compliance regime for a further one-year period.

Market infrastructure institutions must undergo triennial independent external evaluations under a SEBI specified weighted rating framework.
SEBI requires independent external evaluation of all recognised stock exchanges, clearing corporations and depositories using Board approved weighted criteria (technology resilience 40%; investor protection 17%; regulatory role 15%; compliance 10%; governance 8%; resources 5%; fair access 5%), a common rating framework, and triennial assessments (first for FY2024-25, report by 30 Sept 2025). External agencies need SEBI NOC, market domain expertise and no conflict of interest. MD and KMP performance metrics must reflect institutional criteria with MD evaluations giving at least 50% weight to critical operations and regulatory outcomes.

UPI mandatory for retail applications through intermediaries in public issues; requires bank account linked UPI ID for fund blocking.
Individual investors applying through intermediaries in public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments must use UPI for blocking of funds and provide their bank account-linked UPI ID in the bid cum application form for applications within the retail threshold; alternative channels (SCSBs and stock exchange platform) remain available and the mandate applies to issues opening on or after the stated commencement date.

Import authorisations extended through year-end; fresh applications required for the next period subject to forthcoming guidance.
Import of specified IT hardware remains restricted; importers are permitted to apply for Import Authorisations valid up to 31.12.2024, and existing authorisations issued up to 30.09.2024 continue to be valid until 31.12.2024. All other provisions of the earlier Policy Circular remain applicable. Importers must apply for fresh authorisations for imports from 01.01.2025 subject to detailed guidance to be issued.

KYC and surveillance obligations enhanced for FTWZ and warehousing units, with mandatory ERP systems and risk based audits enforced.
Guidelines require stringent KYC for FTWZ and warehousing units and their clients, mandatory pre transaction submission of client KYC to the Development Commissioner, CCTV coverage with one year data retention and DC access, and tamper proof ERP/SAP systems accessible to DCs. Manual customs entries are prohibited; SEZ Online and ICEGATE modules must be used; transfers between FTWZs are restricted except by UAC approval; DCs must perform risk based physical verifications and audits, share information on valuation abuses, monitor high risk commodities, and cancel LoAs for sub letting violations.