Time of supply for hybrid annuity road construction and maintenance services receives tax treatment clarification.
Time of supply for road construction and maintenance services in National Highways Authority of India national projects executed under the Hybrid Annuity Mode is clarified for purposes of the Delhi Goods and Services Tax Act, 2017. The corresponding central tax clarification applies mutatis mutandis in Delhi, with the measure being clarificatory in character.

Input tax credit time limits for reverse-charge supplies from unregistered persons follow a clarificatory framework under state GST law.
Input tax credit time limits under Section 16(4) for reverse-charge supplies received from unregistered persons are addressed for Delhi GST purposes by the corresponding central GST clarification. The clarification is adopted mutatis mutandis for application under the Delhi Goods and Services Tax framework. The position is clarificatory in nature.

Related-party import service valuation receives aligned clarification where the recipient qualifies for full input tax credit.
Valuation of imported services supplied by a related person to a recipient eligible for full input tax credit is clarified for implementation under the DGST Act, 2017. The corresponding central clarification applies mutatis mutandis to such related-party import-of-service supplies, with the stated objective of uniform implementation.

Input tax credit for insurers clarified: ITC available for reimbursed motor vehicle repair costs where insurer is recipient.
Where repair invoices are issued in the insurer's name and the insurer bears the approved repair liability by reimbursing the insured, the insurer qualifies as the recipient of the repair service for the approved claim cost and may avail Input Tax Credit; where invoices include amounts in excess of approved claim cost, ITC is limited to the invoice/to the extent reimbursed for approved claim cost, and invoices not in the insurer's name do not permit ITC.

Use of ICETAB for customs examination enables real time exam reports and image capture, with local review and connectivity obligations.
CBIC mandates use of ICETAB tablets for customs examination: officers must access RMS instructions, Examination Orders and Bill of Entry details on the device, capture up to four images of cargo for integration with e Sanchit, and upload the examination report immediately. DG Systems will issue detailed advisory; exceptions where upload is not possible require prior Assistant Commissioner permission recorded in the report. Principal Commissioners/Commissioners must review weekly, resolve technical issues with DG Systems, ensure network connectivity, and publicize the change.

Salvage value taxability clarified: insurers owe GST only when salvage becomes insurer property after full claim settlement.
GST liability on salvage arises only when salvage vests in the insurance company. If claim settlement deducts salvage as a pre agreed deductible and ownership remains with the insured, the insurer has no GST liability on that deducted salvage. If the insurer settles full IDV without deducting salvage so that salvage becomes insurer property, the insurer must discharge GST on disposal/sale of the salvage.

Reversal of input tax credit: premium portion excluded from taxable value is not treated as exempt, so no reversal required.
Clarification: the portion of life insurance premium excluded from taxable value under the valuation methodology for life insurance is not a separately exempt or non taxable supply; therefore, reversal provisions applicable where inputs are used for exempt supplies do not require reversal of input tax credit in respect of that excluded premium component.

Taxability of employee stock awards: cost-to-cost reimbursements are not subject to GST; facilitation fees are taxable on reverse charge.
Transfer of securities by a foreign holding company to employees of an Indian subsidiary as ESOP/ESPP/RSU, with the domestic subsidiary reimbursing purely the market cost on a cost-to-cost basis, is not a supply of goods or services and does not amount to import of services subject to GST; however, any additional fee, markup, or commission charged by the foreign holding company constitutes consideration for a taxable facilitation service, attracting GST payable by the domestic subsidiary on reverse charge.

Reversal of Input Tax Credit: suppliers may rely on CA/CMA certificates or recipient undertakings to evidence compliance.
Post supply discounts via tax credit notes may be excluded from taxable value only if the recipient has proportionately reversed the ITC; until portal verification exists, suppliers should obtain a CA/CMA certificate with UDIN (or, below the specified tax threshold, a recipient undertaking) listing credit note and invoice details, ITC reversal amounts and DRC 03/return or other evidence-such certificates/undertakings are admissible proof under section 15(3)(b)(ii) and must be produced to tax authorities when required.

Borrowing restrictions for Category I and II AIFs permit limited short-term drawdown financing with investor-cost allocation and disclosure.
SEBI permits Category I and II AIFs to borrow only for temporary operational needs and, additionally, to cover shortfalls in investor drawdowns for imminent investments as an emergency measure, subject to disclosure in the PPM, exhaustion of efforts to obtain the drawdown, borrowing caps tied to the investment amount/investable funds/other undrawn commitments (whichever is lower), charging borrowing costs solely to defaulting investor(s), prohibition on using this flexibility to vary drawdown timelines, periodic investor disclosure of terms and repayments, and a thirty-day cooling-off between permissible borrowings measured from repayment.

Migration of Venture Capital Funds to AIF Regulations enables time bound transfer with tenure treatment and a one time liquidation extension.
SEBI provides a time bound procedure for VCFs to migrate to AIF Regulations as Migrated Venture Capital Funds, requiring submission of the original VCF registration certificate and prescribed information; migration is available until July 19, 2025, with tenure of schemes preserved as per PPM or fixed with 75% investor approval where no definite tenure exists, and a one time additional liquidation period available for schemes whose liquidation period has expired, subject to absence of pending investor complaints and compliance with applicable AIF provisions and reporting requirements detailed in Annexures I and II.

Certificate of Origin system upgrade: new eCoO platform operational, migration timelines and onboarding requirements for issuers.
Launch of Non-Preferential Certificate of Origin (eCoO) 2.0 establishes a revamped platform with multi-user IEC access, Aadhaar e-sign options, integrated dashboard and e-wallet. Issuing agencies must onboard, appoint Administrators and Officers, upload stamps and signature images (background removed), register digital signature tokens, and map officers to regional offices. Legacy eCoO 1.0 will complete pending applications while new non-preferential filings move to eCoO 2.0; preferential CoO remains on legacy system until rollover. DGFT website credentials will sync with eCoO 2.0. Wallet balances migration will occur later; support materials and helpdesk are provided.

eBRC API integration enables exporters to certify electronic BRCs via ERP linkage and bulk uploads.
The DGFT requires exporters to self-certify eBRCs by reconciling bank-provided IRMs with invoice or Shipping Bill details on the DGFT portal. It introduces a bulk upload spreadsheet template for concurrent certification of multiple eBRCs and an API integration to link exporter ERP/accounting systems with the eBRC system for near-real-time retrieval of IRM/ORM data and eBRC request/verification. API use requires online registration authenticated to the IEC holder and places responsibility on exporters for managing API consumer access; compliance must follow DGFT eBRC generation rules and data validation requirements.

Drawback claim procedure streamlined: specified documents, deficiency memos, registration and acknowledgment upon compliance.
Prescribes a streamlined procedure for processing drawback claims: mandatory documentary requirements, logging and acknowledgement on receipt, electronic scanning and forwarding to the Drawback Examiner, primary scrutiny for completeness, issuance of a Deficiency Memo and return of incomplete claims within fifteen days, treatment of unremedied deficiencies as claims not filed, registration and issuance of an acknowledgement slip on compliance, and requirement for NOC from original importing customs house where applicable.

Referral to policy wing required where audit reveals competing GST interpretations to promote uniformity and reduce litigation.
When an audit discovers issues with competing statutory interpretations that have generated a prevalent trade practice and may result in proposed non-payment or short payment of tax, the zonal Principal Chief Commissioner must refer a self-contained note to the Board's policy wing (GST Policy/TRU) before concluding the investigation, making the reference as early as feasible and prior to the earliest due date for issuing a show cause notice, to promote uniformity and reduce litigation; this procedure applies to ongoing audits.

Fake GST registration verification drives enable cancellation, credit blocking, recipient action, coordinated enforcement, and weekly compliance reporting.
Second Special All-India Drive against fake GST registrations operates through coordinated Central and State tax action to verify suspicious or high-risk GSTINs and remove fake billers from the GST ecosystem. GSTN-supported risk analysis and locally developed intelligence may identify cases for time-bound verification. Where a taxpayer is non-existent or fictitious, officers may suspend or cancel registration, block input tax credit, identify recipients of credit passed through invoices without underlying supplies, and initiate recovery action. Cross-jurisdictional recipient cases require prompt referral through nodal officers, supported by evidence and prescribed reporting.

Delegation of approval powers allows senior nominated officers to issue SCOMET authorizations when agencies concur, subject to ex post facto IMWG review.
Amendment permits issuance of SCOMET authorizations, in cases deferred by IMWG where all agencies submit concordant comments/views/NOCs, with approval of the Chairman or an officer nominated by the Chairman/DGFT (not below the rank of Deputy Director General of Foreign Trade/Under Secretary), subject to bringing such cases before IMWG subsequently for approval on an ex post facto basis.

Fake GST registrations drive targets suspicious GSTINs through verification, credit blocking, cross-jurisdictional action, and weekly reporting.
Second special All-India drive is directed against suspicious and fake GST registrations through coordinated verification, enforcement, and reporting by Central and State tax administrations. GSTN and DGARM are to identify high-risk GSTINs, while field formations are to verify them, suspend and cancel fictitious registrations, consider blocking input tax credit, trace recipients, and initiate demand, recovery, or cross-jurisdictional action through the nodal officer and 'Initiate Enquiry' mechanism. Weekly reports, final feedback, and monitoring arrangements are prescribed.

Penalty calculation under IGST Act: ten percent of combined tax, computed by summing CGST and SGST penalty amounts.
The fourth proviso to the IGST Act mandates that the penalty for integrated tax is the sum total of the monetary penalties leviable under the CGST and SGST Acts; therefore IGST penalty is computed by adding the penalty amounts determined under each Act (not by adding penalty rates), resulting, for example, in a ten per cent penalty on the combined tax amount where CGST and SGST each attract ten per cent penalties.

Fake GST registrations drive: coordinated data driven verification enabling suspension, ITC blocking and inter jurisdictional recovery.
Second special All-India drive directs GSTN and DGARM to identify high risk GSTINs for time bound verification by jurisdictional officers; on finding non existent taxpayers, officers shall initiate suspension/cancellation of registration under section 29, block input tax credit under Rule 86A, identify and pursue recipients for recovery, share inter jurisdictional cases via the GSTN Initiate Enquiry module through appointed nodal officers, and submit weekly action reports and GSTIN wise feedback in prescribed annexure formats.