E commerce operator GST liability: e commerce operators must pay GST on restaurant services supplied through their platforms, not collect TCS.
E commerce operators are liable to pay GST in cash on restaurant services supplied through their platforms, and will not be required to collect TCS for those services; this liability applies even where the supplier is unregistered. ECOs need not obtain a separate registration to discharge this liability, must include such supplies in the supplier's aggregate turnover, are not recipients for reverse charge purposes, may continue to avail input tax credit but cannot use ITC to pay the GST on restaurant services, and should issue/report invoices and returns in the specified GSTR tables for accounting.

Arrears recovery: mandatory Tax Recovery Cells and time-bound enforcement, attachment and write-off procedures to secure overdue indirect taxes.
The Circular prescribes a consolidated framework for management of confirmed indirect tax and customs arrears, classifying arrears by litigation status and recoverability, mandating a dedicated Tax Recovery Cell in each Commissionerate, and detailing recovery remedies including appropriation of monies, attachment and sale of goods and property, garnishee proceedings, enforcement of bank guarantees, and recovery from successors. It requires proactive tracing of defaulters using departmental records, financial and registry databases, engagement with insolvency and recovery fora (IRP/NCLT/DRT/Official Liquidator), and imposes time-bound recovery actions and prescribed write-off procedures via committees and delegated authorities.

Preferential origin procedure under CAROTAR now governs AEO bank-guarantee dispensations for duty preference claims.
The CAROTAR, 2020 regime and the statutory procedure for claiming preferential rates of duty prevail over specified bank-guarantee dispensations in Circular No. 33/2016 and Circular No. 54/2020; those circular provisions are to be aligned so that competent-authority directions to furnish bank guarantees for provisional release remain unaffected and AEO relaxations are read subject to the origin-claim procedure.

ULIP exemption rule limits tax-exempt proceeds where annual or aggregate premiums exceed the prescribed threshold.
The Finance Act, 2021 added provisos to clause (10D) of section 10 restricting exemption for sums from ULIPs issued on or after 01.02.2021 where the annual premium for any year, or the aggregate premium across multiple eligible ULIPs (including previously exempt "old ULIPs" where claimed), exceeds a prescribed threshold; death proceeds remain exempt. The Board's guidelines explain operational rules for testing single and multiple ULIPs against the aggregate premium constraint and illustrate application by examples covering pre- and post-amendment policies, surrender and maturity receipts, and taxpayer selection of policies for exemption.

Area of Operation inclusion expands a PSIA's operational scope by adding an additional country to its authorised jurisdictions.
The Directorate exercised delegated policy powers to include the United States of America in the Area of Operation of M/s Hamilton Steel Logistics Inc, a registered PSIA, thereby adding a United States branch address to the firm's operational jurisdictions and amending the relevant trade appendix with immediate effect.

Retention of ISO containers: extension for re-export and IGST lease clarification to ease medical oxygen logistics.
The Board permits extension of time for re-export of ISO containers imported temporarily for transportation of Liquid Medical Oxygen upon importer request, and clarifies that for ISO containers imported on lease with IGST paid on lease amounts under CGST law, IGST on container value is not required and re-export need not occur while containers remain under valid lease.

De-activation of Importer Exporter Code: non-updated IECs will be de-activated; online update allows automatic re-activation.
IECs not updated electronically after 01.07.2020 will be de-activated from 01.02.2022 unless the IEC holder completes online updation by 31.01.2022; applications already submitted and pending approval are excluded. De-activated IECs may be automatically re-activated on successful online updation, with the updated status transmitted to the Customs system.

Pre-shipment inspection exemption expanded to additional designated ports for metallic scrap from approved safe regions.
Hazira Port and Kamarajar Port are added to the list of sea ports where metallic waste and scrap from the USA, the UK, Canada, New Zealand, Australia and the EU are exempt from Pre-shipment Inspection Certificate (PSIC) if cleared through the designated ports. Such consignments must carry a supplier/scrapyard certificate confirming no radioactive materials or explosives and will be subject to radiation and explosive checks via portal monitors and container scanners. Trans-shipments through those safe countries/regions are not eligible for the exemption, and imports via other ports remain subject to PSIC.

Refund of electronic cash ledger balances clarified: time limit exempt, unjust enrichment certificate not required, TDS/TCS refundable.
The circular clarifies that the time limit in section 54(1) does not apply to refunds of excess balances in the electronic cash ledger; unjust enrichment certification under Rule 89(2)(l)/(m) is not required for such refunds; TDS/TCS amounts credited to the electronic cash ledger are equivalent to cash, may be used at the registered person's discretion and any unutilized balance is refundable; and for tax on supplies regarded as deemed exports the relevant date for refund is the date the supplier files the return related to those supplies.

Dynamic QR Code requirement: invoices to non-resident service recipients with Indian place of supply may be issued without QR.
Where an invoice is issued to a recipient located outside India for services whose place of supply is in India, and payment is received by the supplier in convertible foreign exchange or in Indian rupees where permitted by the RBI, such invoice may be issued without a Dynamic QR Code, because a dynamic QR code cannot be used by the recipient located outside India to make payment.

One-time SCOMET registration required online for GAEC exports; online post-reporting of each export consignment also mandated for compliance.
Exports under GAEC require exporters to obtain a one-time registration per SCOMET Category/Sub Category via DGFT's online portal, yielding a unique five year authorization/license; all exports under GAEC must also be reported through DGFT's online post reporting module, with application and post reporting pathways and helpdesk/support channels provided on the DGFT website.

Electronic test memo requirement: laboratories will refuse paper memos; samples accepted only via CRCL module unless approved exception.
All officers and staff of the Mangalore Customs Commissionerate must mandatorily forward Test Memos and sampling paperwork to CRCL and other Revenue Laboratories via the CRCL module in ICES; laboratories will not accept samples unless the Test Memo is transmitted electronically through the module. A temporary exception permits paper Test Memos only with prior approval from the Additional Commissioner of Customs when system issues prevent electronic transmission.

General Authorisation for Export of Chemicals requires portal application, end use certification, post shipment reporting and compliance oversight.
Inclusion of Paragraph 2.79G creates a General Authorisation for Export of Chemicals and related equipment (GAEC) for specified SCOMET categories, requiring applicants to apply via the SCOMET portal with prescribed proforma, technical descriptions, supply chain or past export details, and an undertaking permitting inspections and restricting end use to that declared in the EUC. The IMWG reviews applications. Post shipment reporting, submission of ANF 2O and the EUC, contract evidence of permitted end use, and specified record retention are mandatory. GAEC is excluded for WMD related uses, embargoed entities, or where proliferation or national security concerns arise; GAEC may be suspended or revoked for adverse reports or non compliance.

Harmonized System update aligns national customs tariff with HS 2022; guidance issued and contact provided for transition.
Publication of the Seventh Edition of the Harmonized System implements HS 2022 into national customs practice by aligning the First Schedule of the Customs Tariff Act with HS 2022 through amendments under the Fifth Schedule to the Finance Act, 2021, effective from 01.01.2022. The revision introduces 351 six digit level amendments affecting commodity classification and tariff headings. A correlation guidance document has been published on the CBIC website to assist transition, and stakeholders may report implementation difficulties to the Additional Commissioner of Customs, ICD Whitefield, via the provided email.

Extension of filing deadlines for income-tax returns and audit reports, with clarified exceptions for high-tax cases.
The tax administration further extends due dates for furnishing a Report of Audit, a Report from an Accountant for international or specified domestic transactions, and the Return of Income for Assessment Year 2021-22 to later specified dates. The extension is subject to two clarifications: it does not apply to the late-filing interest provision where residual tax exceeds a specified threshold, and advance tax paid by resident individuals within the original statutory due date will be treated as advance tax despite the extensions.

Electronic Gold Receipts trading enabled: framework for creation, trading and conversion established under securities law.
SEBI's framework treats Electronic Gold Receipts (EGRs) as securities and establishes a three tranche operational model: creation of EGRs by Vault Managers via a common Depository interface upon receipt of eligible physical gold that meets prescribed delivery standards; continuous trading of EGRs on recognized exchange segments with Clearing Corporations settling transfers of EGRs and cash; and conversion of EGRs into physical gold through depositor requests with extinguishment and reconciliation. The framework mandates reconciliation, periodic inspections, upfront disclosure of storage, withdrawal and assaying charges, and enables fungibility and interoperability across vault locations.

Related Party Transactions disclosure extended to high-value debt issuers, requiring audit-committee review, shareholder information, and exchange reporting.
Disclosure obligations for Related Party Transactions are extended to entities with listed specified non-convertible debt securities under a 'comply or explain' applicability; such entities must provide information for Audit Committee review, furnish specified information for shareholder consideration, and report RPTs to stock exchanges in the Board-prescribed format, with stock exchanges required to notify and publish these requirements; the circular is effective immediately under statutory regulatory powers.

Recovery of self-assessed tax under section 79: taxpayers given opportunity to explain GSTR-1/GSTR-3B mismatches before action.
Where tax shown in outward supply statements but unpaid through the periodic return is short paid or unpaid, the proper officer must issue a DIN-bearing communication allowing a reasonable period to pay or explain GSTR-1/GSTR-3B discrepancies; if the taxpayer neither pays nor satisfactorily explains within the prescribed or extended time, the officer may initiate recovery proceedings under the recovery provisions for self-assessed liabilities.

Return scrutiny procedures require data-based discrepancy verification, taxpayer explanation notices, payment-based closure, and approved tax determination where unresolved.
Return scrutiny verifies the correctness of filed returns through data-analytics selection based on turnover, tax, reverse-charge liability, input tax credit, e-way bill and interest discrepancies. Proper officers must verify relevant portal and back-office data, issue GST-ASMT-10 where discrepancies remain, and consider explanations in GST-ASMT-11. Acceptable explanations or payment of admitted tax, interest and applicable amounts through GSTR-DRC-03 permit closure in GST-ASMT-12. Unsatisfactory responses or failure to correct accepted discrepancies may lead to determination of tax and other dues with prior approval. Scrutiny registers and monthly reporting are required.

Dynamic QR Code exemption for invoices where payment is received via RBI approved modes and place of supply is in India.
Where an invoice is issued to a recipient located outside India for services whose place of supply is in India, and payment is received by the supplier in convertible foreign exchange or in Indian rupees where permitted by the RBI, such invoice may be issued without a Dynamic QR Code because the recipient located outside India cannot use the QR code to make payment.