Intelligence-based mobile squad inspections govern road checking of goods-carrying vehicles under the Uttar Pradesh GST framework.
Inspection of goods-carrying vehicles by Mobile Squad units under the Uttar Pradesh GST framework is to be conducted on an intelligence-based basis rather than under fixed monthly operational targets. The circular requires recording of deployment details in the Road Checking Register, telephonic intimation to supervisory officers, and inspection at any other location only on higher-authority directions. Selection of inspection sites is to be based on analysis of e-way bill portal intelligence, external information on tax evasion, and related portal data.

Dynamic QR Code requirement clarified: scope, UPI usage, authorised collectors, foreign recipient exception, order ID and part payment rules.
Clarifies that the Dynamic QR Code is required on B2C invoices issued to recipients with a UIN; a UPI ID alone suffices in the QR payload without bank/IFSC; an authorised collector's UPI ID may be used; invoices to recipients outside India (with place of supply in India and payment in foreign currency via approved modes) may omit the Dynamic QR Code; order IDs may substitute for invoice numbers on over the counter sales if uniquely linked to the invoice; and the QR should reflect only the remaining payable amount where part payment has been received.

GST exemption on government guarantees: loan guarantees to undertakings and PSUs are covered by statutory exemption.
Guarantee of loans by Central or State Governments to their undertakings or public sector undertakings for loans taken from banking companies and financial institutions is specifically exempt from goods and services tax under the exemption entry in the central rate notification; Tripura directs its tax officers to follow this Central clarification to ensure uniform implementation and to report any difficulties.

GST on milling: composite supplies to governments may be exempt or treated as job-work attracting concessional rate for PDS distribution.
GST on milling of wheat into flour and paddy into rice for PDS is exempt as a composite supply to government entities if the value of goods in the composite supply does not exceed twenty-five percent; where that threshold is exceeded, the milling service to a registered person is to be treated as job-work and taxed at the concessional job-work rate.

GST rate clarification for Government Entity construction services promotes consistent treatment of turnkey ropeway construction supplies.
Tripura GST field officers are directed to follow the central clarification on the tax rate applicable to construction services supplied to a Government Entity, including turnkey ropeway construction. Issued to ensure uniform implementation of GST provisions, the instruction adopts the central clarification for determining the applicable rate for the specified construction-service supplies.

GST treatment of Board services is clarified to ensure uniform administration by State tax officers.
GST treatment of services supplied by Central and State Boards, including bodies such as the National Board of Examination, is clarified for uniform implementation under the Tripura State Goods and Services Tax framework. State tax officers are instructed to follow the adopted clarification when administering GST provisions concerning such Board services.

GST on deferred annuity payments for road construction follows the adopted clarification for uniform field implementation.
GST on road-construction activity where consideration is received through deferred annuity payments is subject to a clarification adopted for uniform implementation under the Tripura State Goods and Services Tax Act, 2017. State tax officers are instructed to follow the Ministry of Finance clarification annexed to the circular when implementing the GST provisions in such cases.

GST exemption on catering services: serving food in schools and anganwadis is exempt regardless of funding source.
Serving of food in schools and anganwadis falls within the exemption for catering services to educational institutions, including mid-day meal schemes; anganwadis qualify as educational institutions as pre-schools, and the exemption applies irrespective of funding from government grants or corporate donations.

Liquidity risk management framework for open ended debt schemes mandates AMFI-prescribed norms and clarifies regulatory asset bases.
AMFI must prescribe a liquidity risk management framework for open ended debt schemes (excluding specified gilt and overnight funds) to govern holding of liquid assets and stress testing, to be adopted by all AMCs. SEBI clarifies that for regulatory calculations other than asset allocation limits the base is 100% of Net Assets, whereas for certain asset allocation limits the base is Net Assets excluding the minimum stipulated liquid assets, with an illustrative example provided.

Alignment of interest for key employees: implementation deadline extended to accommodate stakeholder feedback and protect unitholder interests.
Alignment of interest of Key Employees of Asset Management Companies with unitholders: SEBI's directive prescribing measures to align AMC key employee incentives with unitholders remains in force, but the implementation date has been postponed following stakeholder feedback to permit additional time for operationalisation. The circular is issued under Section 11(1) of the SEBI Act and Regulation 77 of the SEBI (Mutual Funds) Regulations to protect investor interests and regulate the securities market.

Investing in other AIFs: AIFs may hold units of other funds and direct securities subject to disclosure and investor consent.
AIFs may invest simultaneously in units of other AIFs and directly in investee securities within Regulation 15 limits; such investments need PPM disclosure and at least two thirds unit holder consent. PPMs must state allocation to other AIFs, fees attributable to those investments, compliance processes, and related party AIF investment details. Category III AIFs investing in other AIFs face a leverage cap calculated after excluding the value of such investments. The Fourth Schedule Code of Conduct applies to key management personnel, who must be named in the PPM and whose changes must be notified. A waiver format for Investment Committee compliance is prescribed, and consent is not required for changes in ex officio external investment committee members.

Dynamic QR Code applicability clarified: B2C invoices, UIN recipients, UPI use, order ID and part payment handling specified.
Applicability of Dynamic QR Code is clarified for B2C invoices: invoices issued to recipients with a Unique Identity Number are treated as B2C for QR compliance. UPI IDs suffice without separate bank/IFSC details; authorised collectors' UPI IDs may be used. Invoices to foreign recipients for services with place of supply in India may omit dynamic QR Codes. Where invoice numbers are generated after payment, a unique order ID linked to the invoice may be shown in the QR. If part payment exists, the QR should show only the remaining payable amount while the invoice must record total value and adjustments.

GST treatment of sprinkler and drip irrigation parts depends on sole-use classification under the relevant tariff heading.
Laterals and parts suitable solely or principally for use with sprinklers or drip irrigation systems qualify under tariff heading 8424 where applicable classification principles are satisfied. Such goods attract GST at 12%, even when supplied separately from the complete system. Parts of general use that are classifiable under a heading other than 8424 attract GST at the rate applicable to their respective tariff heading.

GST exemption for government loan guarantees applies to undertakings and public sector undertakings obtaining bank or financial institution loans.
GST exemption applies where the Central Government, State Government or Union territory supplies loan-guarantee services to its undertakings or public sector undertakings for loans obtained from banking companies or financial institutions. Guarantees furnished by a State Government for loans of its own undertakings or PSUs are specifically exempt under Entry 34A of Notification No. 12/2017-State Tax (Rate), with effect from 17 June 2021.

PDS milling services qualify for GST exemption subject to goods-value limits, with concessional job-work taxation otherwise available.
Composite supplies of milling wheat into fortified flour or paddy into rice for State Government distribution under the Public Distribution System are exempt where the value of goods, including fortification inputs and packing material, does not exceed 25% of the total supply value. Eligibility depends on case-specific verification of that threshold. Where the threshold is exceeded, the milling service may attract GST at 5% as job work when supplied to a registered person, including a person registered solely for tax deduction purposes.

Ropeway construction services for Government Entities are treated as business-purpose works contracts and taxed under the residual construction entry.
Works contract services for construction of a ropeway on a turnkey basis for a Government Entity do not qualify for the concessional GST rate for original works predominantly intended for non-business use. The public-authority exclusion from business does not apply to Governmental Authorities or Government Entities. Ropeway construction for tourism development is treated as business-purpose construction, is not covered by concessional infrastructure entries, and falls under the residual construction-services entry attracting GST at 18%.

GST exemption for board examinations covers entrance fees and examination inputs, while accreditation and registration services remain taxable.
Central and State Educational Boards, including the National Board of Examination, are treated as educational institutions only for conducting examinations for students. GST is exempt on examination and entrance-examination fees charged by such boards, and on input services relating to admission or examination conduct, including online testing, result publication and printing of examination materials. The limited educational-institution treatment does not cover other board services. Accreditation or registration services supplied to institutions or professionals to authorise their respective services remain taxable at the applicable rate.

Road construction annuities remain taxable because the GST exemption covers road access services, not deferred construction consideration.
GST exemption applies to access to a road or bridge where consideration is paid as toll or annuity under the transport-support service classification. Road construction services fall under a separate construction-service classification. Deferred annual instalments described as annuities, when paid as consideration for construction of roads, remain consideration for construction and do not qualify for the exemption applicable to road-access services. GST therefore applies to annuity or deferred payments for road construction.

GST exemption for school and Anganwadi food services applies regardless of government grants or corporate donation funding.
GST exemption applies to catering and food-serving services provided to educational institutions, including schools, pre-schools and Anganwadis. It covers mid-day meal services as well as other food-serving arrangements. Anganwadis are treated as educational institutions because they provide pre-school non-formal education. The exemption remains available regardless of whether the service is funded by government grants or corporate donations.

Extension of tax compliance deadlines under Section 119 provides pandemic relief for multiple statutory filings and certificates.
The tax administration, invoking Section 119, grants targeted extensions of time for a range of income tax compliances due during the pandemic. Specified filings and actions-including objections to the Dispute Resolution Panel, prescribed quarterly and annual statements, Form No.16 certificates, investment fund statements, equalization levy returns, authorized dealer statements, registration applications for trusts and institutions, and time bound investment or construction actions to claim exemptions-may be completed by the later cut off dates set out for each category in the circular.