Verification of e-filed income tax returns allowed via one-time relaxation, regularizing pending returns upon verification.
One-time administrative relaxation permits verification of electronically filed income-tax returns for Assessment Year 2020-21 that remain unverified or pending for want of ITR-V, allowing such returns to be regularized if verified within the extended window by submitting a duly signed ITR V by speed post or completing electronic verification via Aadhaar OTP, net banking, EVC through bank account or demat account, or bank ATM.

Stay order review in pending tax assessments requires time-bound verification, early hearing requests, and coordinated action to vacate stays.
Instructions were issued for a time-bound review of pending assessment and reassessment cases stalled by subsisting court stay orders. Assessing officers were required to identify such cases, update the status of each order, dispose of matters already decided by the court, and pursue vacation of continuing stays through the Department's High Court and Supreme Court cells. A tiered verification and reporting process was prescribed, and appellate work wings were directed to file early hearing or similar applications and ensure completion of action within the campaign period.

GST registration applications require disposal only on prescribed documents, with proper consideration of premises-specific proof and Form GST REG-01 requirements.
Registration applications under the U.P. GST framework must be disposed of in accordance with Section 25 of the GST Act, Rules 8 and 9, Form GST REG-01, and issued instructions. The prescribed documents vary by premises: property tax receipt, municipal account copy, or electricity bill for own premises; rent or lease agreement with ownership proof for rented premises; consent letter with ownership proof for other or shared premises; affidavit with possession proof where no rent or lease agreement exists; and specified Government of India documents for SEZ cases, along with bank-account certificates and separate authorization letters.

E-commerce operators liable for GST on restaurant services, must pay tax in cash and issue invoices for those supplies.
E-commerce operators are liable to pay GST on restaurant services supplied through their platforms and must discharge that GST in cash; they need not collect TCS or file TCS returns for those restaurant-service supplies, may continue to claim and use ITC for their own inputs but cannot utilize ITC to pay the GST liability on restaurant services, and must issue invoices for restaurant services. ECOs need not take separate registration for this purpose, are liable even for supplies by unregistered vendors, and should report such supplies in GSTR-3B and appropriate GSTR-1 tables.

Hazardous goods testing infrastructure mapped to ports, with CRCL module in ICES for automated sampling and electronic test reports.
Instruction details CRCL and Customs House laboratory testing capabilities mapped to Schedule III hazardous waste entries and Schedule II constituent limits, deployment of a CRCL module in ICES to automate sampling, test memos and electronic receipt of test reports, and directs officers to be sensitised to these facilities to strengthen monitoring and handling of hazardous imports.

E commerce operator liability to pay GST on restaurant services shifts to operator; TCS collection and invoice rules modified.
E-commerce operators must pay GST on restaurant services supplied through their platforms, replacing the restaurant supplier as the person liable for tax; they need not collect tax at source for those supplies nor obtain separate registration, and remain liable even if the supplier is unregistered. Restaurant service values must be included in the supplier's aggregate turnover. ECOs are not recipients for reverse charge, may claim ITC for their own operations but must pay GST on restaurant services in cash without using ITC, and should issue invoices and report these supplies in prescribed return tables.

Government-supported line of credit enables export financing for solar electrification, subject to local content and FEMA compliance.
Government-supported Line of Credit through Export-Import Bank of India finances exports for a Togolese solar electrification project conditional on export eligibility under the Foreign Trade Policy and a local content requirement that at least 75 per cent of contract value be supplied from India; shipments to be declared in the Export Declaration Form. The LoC imposes a terminal utilization period from project completion, disallows payable agency commission under the LoC while permitting exporter-funded commission subject to realization and instructions, and directs Authorised Dealer Category I banks to facilitate compliance. Directions are issued under the Foreign Exchange Management Act.

Validity of observation letters restored to six-month period, with existing letters permitted a one-year launch window.
SEBI has reinstated a six month validity period for observation letters to launch New Fund Offers, reversing the temporary one year extension. Observation letters already issued under the extended one year regime remain valid for launch up to one year from their date. The change is effective immediately and is issued under SEBI's regulatory powers to protect investors and regulate mutual funds.

Virtual meetings for REITs and InvITs extended to June 30, 2022, permitting annual and other unitholder meetings via VC/OAVM.
SEBI permits REITs and InvITs to conduct annual and other unitholder meetings through video conferencing or other audio visual means until June 30, 2022, subject to compliance with the procedure in Annexure I of the June 22, 2020 SEBI circular. The extension aligns with a similar MCA extension and is issued under SEBI's regulatory authority, requiring trustees, managers and other parties to follow prescribed procedural and technical safeguards when convening and conducting meetings via VC/OAVM.

E-commerce operator liability: ECOs must pay GST on restaurant services and cannot use input tax credit for that payment.
Supply of restaurant services through electronic commerce operators is taxed such that the ECO is liable to pay GST on those services, will not collect TCS for those taxed services, must pay GST in cash without utilizing ITC for that payment, need not obtain separate registration, must issue invoices for those services, and should report them in returns as outward taxable supplies while restaurants include the value in their aggregate turnover.

Weekly video conference grievance redressal mechanism for trade outreach established; links will be circulated and a nodal officer appointed.
A weekly video conference trade outreach is established as a standing grievance redressal forum for Leh and Kargil, scheduled each Wednesday at 02:30 PM with links circulated in advance. Trade associations and the public are required to circulate the notice to their members, and a designated nodal officer from the CGST Division has been appointed as the central tax contact for coordination and assistance.

Accredited investor fee flexibility: advisory fees may be bilaterally negotiated, overriding standard prescribed fee modes.
SEBI exempts accredited investors from the prescribed modes and limits on Investment Adviser fees in para 2(iii) of the earlier circular; fees for accredited investors shall instead be governed by bilaterally negotiated contractual terms, while other provisions of the circular remain applicable.

Accredited investor status permits bilateral negotiation of exit loads for large value accredited investors, exempting standard exit-load rules.
The circular confirms that "accredited investor" adopts the AIF Regulations' definition and provides that for "large value accredited investors" the quantum and manner of exit load shall be governed by bilaterally negotiated contractual terms between client and portfolio manager, rendering para 3(iv) of the February 13, 2020 Circular inapplicable to such clients while other provisions remain unchanged.

DGST reimbursement for film admissions requires tax-free tickets, tax deposit, verification, and compliance with pricing conditions.
Delhi GST/SGST deposited on admission services for exhibition of the film "83" may be reimbursed where multiplexes and cinema halls do not charge SGST from viewers, retain prevailing admission fees and seating capacity, and mark tickets to show that SGST has not been charged. Operators must deposit the tax through separate challans and apply to the Proper Officer in the prescribed form with challan copies and details of admissions and tax deposited. Reimbursement follows verification, is subject to fund availability, and excludes tax already collected from viewers.

Customs Tariff correlation guidance issued: stakeholders must update classifications, publicise changes, and consult CBIC resources for transition.
CBIC issued guidance implementing alignment of the Customs Tariff with the seventh edition of the Harmonized System, noting significant six digit amendments and incorporation into the First Schedule through the Finance Act. Stakeholders are to be informed and outreach conducted to facilitate transition. A correlation guidance document is published on the CBIC website to assist with reclassification and procedural transition, and the Tariff Unit is available as a contact point for difficulties and queries.

GST classification and rates clarified: reclassification of seeds, copra, henna, reagents and packaging with specified tax treatments.
Clarifies GST classification and rates: fresh fruits/nuts exempt only if supplied unprocessed; seeds under heading 1209 taxable at 5% when not for sowing; copra excluded from coconut exemption and taxed at 5%; pure henna powder/leaves at 5%; scented sweet supari and flavored/coated cardamom products at 18%; Brewers' spent grain and analogous residues under heading 2303 at 5%; all goods under heading 3006 at 12%; all reagents under heading 3822 at 12%; original DGH essentiality certificate acceptable for inter state stock transfers; external batteries and UPS taxed separately; renewable energy projects valuation 70:30 applied for past period without refunds; fibre drums uniformly at 18% going forward.

Correction of MEIS serial number: HS code 85414012 entry revised so serial now reads 8147 under FT Policy.
Under the Foreign Trade Policy, the Directorate corrected the MEIS serial number for HS Code 85414012 in Public Notice No. 43/2015-2020 so that the previously listed MEIS serial number 8145 shall be read as 8147, effecting a clerical amendment to the MEIS column of the original notice.

E-commerce operator GST liability: ECO must pay GST on restaurant services supplied through its platform, not collect TCS.
E-commerce operators are liable to pay GST on restaurant services supplied through their platforms under section 9(5); they need not collect TCS or file GSTR-8 for such services, must issue invoices for restaurant services, and may not use input tax credit to discharge the GST on those restaurant services though they retain ITC eligibility for their own inputs. Aggregate turnover of suppliers must include supplies made through ECOs, and ECOs should report these supplies in existing GST returns as outward taxable supplies.

Investor charter requirement: custodians and DDPs must publish charters online and disclose monthly complaint data publicly.
Registered custodians and Designated Depository Participants must prominently publish the prescribed Investor Charter on their websites, which sets service timelines and investor guidance, and must disclose monthly complaint data and redressal statistics in the Annexure B format on their websites to increase transparency of grievance handling. The timelines apply where client submissions are complete and entities are required to publish monthly data by the prescribed deadline.

Commercial paper listing requirements tightened: enhanced tranche disclosure and issuers under three years limited to Qualified Institutional Buyers.
The circular tightens Commercial Paper listing and disclosure: tranche-level details (ISIN, amount, issue/maturity dates), all credit ratings including unaccepted ratings with dates, CRA name and validity, declaration of rating validity at issuance and listing, issuing/paying agent details; issues by issuers under three years must state subscription is limited to Qualified Institutional Buyers; financial information obligations vary by issuer age, requiring audited/limited review consolidated (where available) and standalone statements with auditor qualifications covering either the last three years or the years of existence. These amendments are effective immediately.