Indirect transfer exemption: redemption of upstream interests outside India excluded where underlying India transfer is taxed and proceeds are pro rata.
The circular provides that indirect transfer provisions will not apply to income of a non-resident on redemption or buyback of indirect holdings where that income arises from a transfer of shares or securities held in India by specified funds and is chargeable to tax in India, provided the non-resident's proceeds do not exceed its pro rata share of the total consideration realized by the specified funds; direct investors in the specified funds remain taxable under the extant law.

Customs Cargo Service Provider designation authorises commencement of CFS import/export operations subject to Customs Act and HCCAR compliance.
M/s. Sarveshwar Logistics Services Pvt. Ltd. is authorised to operate as a Customs Cargo Service Provider for receipt, storage, delivery, dispatch and handling of imported and export goods under the Handling of Customs Cargo Area Regulations, 2009; this permission is subject to the Customs Act, 1962, HCCAR, 2009 and other applicable rules, regulations and instructions.

IGST export refund requires PFMS bank-account validation; exporters must update and maintain bank details for disbursal.
Exporters must validate their bank accounts in PFMS to receive electronic IGST export refunds; the shipping bill functions as the refund application from 01/07/2017 and a refund claim is deemed filed only after EGM filing and filing a valid Form GSTR-3. PFMS rejections (closed accounts, invalid IFSC/account, missing tags, duplicate or malformed records, beneficiary or bank-master mismatches) prevent crediting of sanctioned refunds. A published list of non-validated accounts for Cochin Custom House/Cochin Air Cargo is provided and exporters are directed to update details immediately and report difficulties to Customs (Drawback/EDI).

System-generated Shipping Bill print-outs: officer signature or stamp not required as officer name and SSO ID are displayed.
System-generated final print-outs of Shipping Bills produced after grant of Let Export Order (LEO) display the name and SSO ID of the officer who granted LEO and therefore do not require the officer's signature or stamp; stakeholders are to report any implementation difficulties to the department.

Transitional GST filing deadline extended for submission of Form GST TRAN-1 under state rules.
The time limit for submitting the declaration in Form GST TRAN-1 under Rule 120A of the Uttar Pradesh GST Rules, 2017 was extended by the Commissioner, acting under the rule read with Section 168 of the Uttar Pradesh GST Act, 2017 and on the recommendations of the Council. The extension allowed taxpayers to file the Form GST TRAN-1 declaration up to 30 November 2017.

TRAN-1 filing deadline extension under GST rules expands the period for transitional credit declarations.
Extension of the time limit for filing the declaration in Form GST TRAN-1 under Rule 117 of the Uttar Pradesh GST Rules, 2017, issued in exercise of powers under the Uttar Pradesh Goods and Services Tax Act, 2017 and on the recommendations of the Council. The order permits submission of the TRAN-1 declaration up to 30 November 2017, thereby enlarging the period available for taxpayers to complete the transitional credit declaration process under the prescribed rule.

GST registration application deadline extended for electronic filing of Form GST REG-26 under Uttar Pradesh tax rules.
The time limit for submitting an application electronically in Form GST REG-26 is extended up to 31 December 2017. The extension is issued by the Commissioner under the Uttar Pradesh Goods and Services Tax Rules, 2017, read with the Uttar Pradesh Goods and Services Tax Act, 2017, on the recommendations of the Council.

Composition tax stock disclosure deadline extended for Form GST CMP-03 submission under the Uttar Pradesh GST framework.
The time limit for furnishing details of stock held on the day preceding the date of opting for composition tax in Form GST CMP-03 is extended. The Commissioner, on the recommendations of the Council, extends the due date for submitting the stock details required from a person choosing to pay tax under the composition scheme, up to 30 November 2017.

Central Subsidy Disbursement Officer authorization: Deputy Commissioner designated to disburse investment and employment generation subsidies under RIPS.
The Deputy Commissioner (Minor Taxes) HQ is authorized as the Central Subsidy Disbursement Officer to administer and disburse Investment Subsidy and Employment Generation Subsidy under the Rajasthan Investment Promotion Scheme 2014, pursuant to delegated powers in clauses 12.1.4 and 12.2.3, establishing the office responsible for processing and effecting subsidy payments.

Authorisation to decide GST practitioner enrollment: designated Joint Commissioner empowered to approve or reject applications.
The Commissioner designates the Joint Commissioner of State Taxes-II, who has jurisdiction over the declared address in FORM GST PCT-2, as the officer authorized to approve or reject Goods and Services Tax practitioner enrollment applications submitted under the statutory GST enrollment framework and associated rules.

Enrolling authority designation: Joint Commissioner empowered to approve or reject GST Practitioner enrolment applications.
The Joint Commissioner with jurisdiction over the address declared in the enrolment application is authorized to approve or reject Goods and Services Tax Practitioner applications filed in FORM GST PCT-1. Applicants may choose either the Centre or the State as the enrolling authority and must indicate that choice in Item 1 of Part B of the form.

GSTR-2A and GSTR-1A availability aligned with extended return filing deadlines, enabling recipient verification and supplier acceptance of modifications.
Generation and availability of FORM GSTR-2A and FORM GSTR-1A were aligned with extended filing deadlines for FORM GSTR-1 and FORM GSTR-2 for July 2017. FORM GSTR-2A, containing supplier-furnished details, was available to recipients from 11 October 2017 for verification, validation, modification or deletion through FORM GSTR-2, due by 30 November 2017. Recipient changes in FORM GSTR-2 were available to suppliers in FORM GSTR-1A from 1 December to 6 December 2017, enabling acceptance or rejection and consequential amendment of FORM GSTR-1.

Extension of return generation deadlines: electronic availability and amendment windows for supplier and recipient forms adjusted accordingly.
Details furnished by a supplier in FORM GSTR-1 will be made available to the recipient in FORM GSTR-2A after the extended due date for FORM GSTR-1; FORM GSTR-2A is a read-only electronic record enabling the recipient to verify, validate, modify or delete invoice details before preparing FORM GSTR-2. Modifications made by recipients in FORM GSTR-2 are communicated electronically to suppliers in FORM GSTR-1A, and suppliers are afforded the prescribed acceptance or rejection window for those amendments within the extended schedule.

Deemed export supplies to export-oriented units require prior intimation, endorsed invoices, auditable digital records and compliance with trade conditions.
Deemed export treatment applies to goods supplied by registered persons to EOU, EHTP, STP and BTP units, with refund of tax available to either the supplier or recipient. Recipient units must give prior Form-A intimation to the supplier and both jurisdictional GST officers, endorse tax invoices after receipt, and circulate endorsed copies as proof of supply. They must maintain auditable digital Form-B records of receipt, use, removal and stock, provide monthly transaction data to the jurisdictional GST officer, and comply with applicable Foreign Trade Policy and duty-exemption conditions.

Deemed exports: procedure for supplies to EOUs enabling refund claims by supplier or recipient under Section 147 of CGST.
Supplies to EOU/EHTP/STP/BTP units are treated as deemed exports under Section 147 of the CGST Act and tax paid may be refunded to either supplier or recipient. Recipient units must give prior intimation in Form A to supplier and both jurisdictional officers; supplier issues a tax invoice which the recipient endorses and circulates to the supplier and both officers, the endorsed invoice serving as proof. Recipient units must maintain digital Form B records with an audit trail and provide a monthly digital copy to the jurisdictional GST officer by the tenth day.

Online registration for clearing corporations now requires exclusive portal filings, including renewals and statutory reports via the intermediary portal.
All applications for recognition and renewal as clearing corporations and all other statutory filings must be submitted exclusively through the SEBI Intermediary Portal, including renewals under Regulation 4 and 12 and recurring filings such as annual financial statements, monthly development reports, rules, bye laws and returns; the portal is operational, available via the regulator's website, and supported by a user manual and helpdesk.

Cash receipt prohibition limits large cash sales by cultivators; smaller cash sales avoid disallowance and PAN/Form60 obligations.
Payments by traders in cash to cultivators for agricultural produce are excluded from the general disallowance that applies to payments made otherwise than by account payee cheque/draft or electronic transfer, by virtue of the rule that carves out purchases from cultivators. However, a statutory prohibition restricts large cash receipts by cultivators unless received by cheque/draft or electronic transfer; PAN/Form 60 quoting requirements do not apply to sale transactions at or below the statutory threshold. Cash sales below that threshold do not cause disallowance, do not attract the cash receipt prohibition, and do not require PAN/Form 60.

Trade sanctions on DPRK bar specified direct or indirect imports and exports under UN Security Council resolutions, with limited exemptions.
Paragraph 2.17 of the Foreign Trade Policy 2015-2020 is substituted to prohibit direct or indirect exports to DPRK of specified conventional arms, all arms and related materiel, items and technologies listed in UNSC and IAEA documents, luxury goods, and other items that could contribute to nuclear, ballistic missile, or WMD programmes; prohibit imports from DPRK of corresponding items; and impose sectoral export and import prohibitions (including fuels, refined and crude petroleum, minerals, metals, seafood, textiles and certain vehicles), subject where stated to UNSC resolution exemptions and procedures.

Extension of time for Form GST TRAN-1 submissions granted to permit delayed transitional filings under rule 120A.
Extension of the period for submission of the declaration in Form GST TRAN-1 is ordered by the Commissioner under the Jharkhand GST Rules and the Act, acting on the Council's recommendation; the order supersedes an earlier administrative order and sets a new extended submission period to permit completion of transitional declarations.

Intimation of stock for composition levy: filing period extended for FORM GST CMP-03 under applicable GST rules.
The deadline for furnishing details of stock held immediately before exercising the composition levy option in FORM GST CMP-03 is extended by administrative order under sub rule (4) of rule 3 of the Nagaland GST Rules and section 168 of the Nagaland GST Act, on the recommendation of the Council, and applies to taxpayers opting for the composition scheme who must intimate prescribed stock particulars within the extended period.