E voting access through demat accounts enables single-login shareholder voting with depository authentication and OTP security.
SEBI directs integration of remote e-voting with depositories so demat account holders can access ESP portals via a single login-either through direct registration with depositories or via demat account interfaces-where authentication is performed by the depository, confirmatory SMS is sent after voting, and depositories will send pre-voting alerts to demat holders; a second-factor OTP verification is mandated in a subsequent phase, with depositories, listed companies and ESPs providing helplines and disclosure links to assist shareholders.

ASBA payment mechanism expanded to allow call money payments for partly paid securities via SCSBs and linked trading demat bank accounts.
The circular expands the use of ASBA and additional electronic channels to permit subscription and payment of balance money for calls on partly paid specified securities through online SCSB portals, physical SCSB branches, and linked trading, demat and bank accounts, with intermediaries and RTAs required to guide holders on the mechanism.

Third-party invoicing accepted for preferential origin certificates for wholly obtained goods, subject to verification and RBI rules.
Third party commercial invoices may be accepted for Certificates of Origin under the Duty Free Tariff Preference Scheme where the originating criterion is wholly obtained, provided the invoice and Certificate of Origin correspond to the same goods, the goods satisfy applicable origin rules, customs officers carry out due diligence to verify authenticity and correctness of the claim, and existing Reserve Bank stipulations on third party invoicing continue to apply.

Tariff related quota requires electronic TRQ license entry to claim concessional customs duty; system debits quota on import.
TRQ licenses will be transmitted electronically by DGFT to ICEGATE with scheme code 32, registered in ICES at the port of registration, and must be entered in the Bill of Entry. The system will automatically debit import quantities from the TRQ license and reflect debit details to assessing officers; absence of license details or exhausted quota will prevent concessional duty benefit and imports will attract the tariff rate.

Disclosure to investigating agencies may be authorised by regional heads with specified receipt, ID and record-keeping safeguards.
Regional Authorities may, on receipt of written requests from investigating agencies, decide to hand over requested records without prior headquarters approval, subject to case facts. Records must be provided against a written request, under proper receipt recording the receiver's name and designation; a copy of the receiver's official ID must be retained and the RA should keep copies of records handed over. If the Head of Office objects to disclosure, a reasoned reference must be sent to the ECA Division at Headquarters.

GST registration status rectification requires re-uploading cancellation orders and priority updating of active records.
GST registration records showing an active status despite prior cancellation orders uploaded through the GSTN Web Module require immediate rectification. Where cancellation orders are already available in the Suo Motu cancellation records of assessing authorities, those orders are to be re-uploaded and the cancellation status is to be properly reflected in the system on a priority basis so that tax evasion risks arising from incorrect GSTIN status are prevented.

Quarterly return filing with monthly tax payment under QRMP Scheme clarified for eligible registered persons and compliance steps.
The QRMP Scheme permits eligible registered persons with aggregate turnover up to five crore rupees to furnish GSTR-3B on a quarterly basis while making monthly tax payments for the first two months of each quarter. Registered persons must file quarterly GSTR-1, may use the optional Invoice Furnishing Facility for selected invoices in the first two months, and may discharge monthly tax through either the fixed sum method or the self-assessment method in GST PMT-06. The circular also clarifies quarterly filing, interest for delayed payment, and late fee for delay in furnishing the quarterly return or outward supply details.

Input tax credit reconciliation under rule 36(4) clarified for cumulative claims, reversal of excess credit required.
Cumulative application of the rule 36(4) ITC restriction was clarified for February, 2020 to August, 2020, requiring taxpayers to reconcile GSTR-3B credit with invoices uploaded by suppliers up to the due date for GSTR-1 of September, 2020. The cumulative ITC claimed for those months could not exceed 110% of the eligible credit reflected in uploaded invoices or debit notes, and any excess had to be reversed in GSTR-3B for September, 2020. Failure to reverse the excess would be treated as ineligible ITC.

Bunching of refund claims across financial years now permitted, with proportional refund and documentation requirements enforced.
Restriction on bunching of refund claims across financial years is removed, allowing clubbing of tax periods spanning different financial years. Refund of accumulated ITC due solely to a reduction in tax rate on the same goods is not admissible under the provision for accumulation from inverted rate differentials. Refunds for tax paid on non-zero-rated supplies will be apportioned according to the original mode of payment, with ITC-related amounts re credited to the electronic credit ledger via Form GST PMT 03 and cash portions paid via Form RFD 06. Admissible ITC for refund is restricted to invoices uploaded by suppliers in GSTR 1 and reflected in the applicant's GSTR 2A, and Annexure B is amended to require HSN/SAC codes for inward supplies.

GST treatment for corporate insolvency: special registration, claim procedure, limited input tax credit and cash ledger refund.
Pre CIRP GST dues are treated as operational debt and coercive action is barred; tax officers must file claims before the insolvency forum. Registration of a corporate debtor under CIRP must not be cancelled and suspension or revocation of recent cancellations is permitted. The IRP/RP need not file pre CIRP returns but must obtain fresh registrations for the corporate debtor, file CIRP period returns and comply with GST obligations. A special procedure allows limited Input Tax Credit on invoices bearing the erstwhile GSTIN in the first return and permits refund of amounts deposited in the cash ledger during transition.

Apportionment of input tax credit: State-level asset ratios govern ITC transfer and Form GST ITC-02 filing procedures.
Clarification explains transfer and apportionment of input tax credit on business reorganisations under section 18(3) JGST Act and rule 41(1) JGST Rules: apportionment for demergers and similar partial transfers is to be computed at the State level for distinct registrations, using the value of entire assets specified in the demerger scheme; the asset-value ratio is taken as on the appointed date of demerger and applied to the transferor's unutilized ITC balance on the date of filing Form GST ITC-02. The ratio applies to the total ITC (CGST, SGST/UTGST, IGST and cess), and the transferor may distribute the transferable sum among tax heads subject to available balances. Form GST ITC-02 is required only where both transferor and transferee are registered in the State.

Appeal to Appellate Tribunal: time-limit runs from the date the President enters office, allowing filing when constituted.
Clarification instructs that appeals from adjudicating authorities must be pursued before the appointed appellate authorities without awaiting Tribunal constitution; appointments depend on the rank of the original authority. For appeals to the Appellate Tribunal, the limitation period runs from the later of communication of the appellate order or the date the President or State President of the Tribunal enters office, and appellate orders may note that appeals can be filed within that period.

Dividend suspension: banks barred from paying dividends from the most recent financial year's profits to conserve capital and support lending.
Banks are required to refrain from distributing dividends from the profits of the financial year ending March 31, 2020; the Reserve Bank directs that no dividend payment on equity shares be made from those profits so that banks conserve capital to absorb losses, strengthen balance sheets, and continue supporting lending to the real economy.

Vivad se Vishwas eligibility and computation rules clarified, fixing cut off status for appeals and modelling disputed tax allocation.
Clarifications explain that eligibility under the Direct Tax Vivad se Vishwas Act, 2020 is determined by the status of appeals, writs, arbitrations or statutory filings as on 31 January 2020, with specified exceptions; computation rules require inclusion of enhancement notices and additional grounds filed by that cut off, aggregation of repeated additions with the higher tax taken where applicable, and allocation of identifiable prepaid taxes to corresponding income while unidentifiable prepaid taxes are apportioned against remaining liabilities.

Delegated bank powers: AD banks may regularise direct dispatch, write offs and set offs of export receivables under conditions.
AD Category I banks are authorised to regularise direct dispatch of shipping documents irrespective of shipment value if export proceeds are realised, the exporter is a regular customer for at least six months, KYC/AML compliance is met and the bank is satisfied of bonafides. A revised write off regime sets cumulative ceilings for self write off and bank write off subject to aged outstanding, documentary proof of recovery efforts, specified hardship categories (with unlimited write off on evidence), reporting in EDPMS and audit checks. Set off of export receivables against import payables is permitted under supervised arrangements with enforceable agreements and strict compliance and reporting conditions. Refunds of export proceeds permitted with due diligence and evidence, including waiver of re import where goods were auctioned or destroyed.

Minimum vehicle inspection standards revised for Mobile Squad road checking, with zone-wise monthly targets updated for compliance.
Revised minimum monthly vehicle inspection standards for Mobile Squad road checking are prescribed by substituting the earlier zone-wise table. The amended norms require 1050 vehicle checks in specified high-priority zones, 750 in another set of zones, and 450 in the remaining listed zones. Mobile Squad units must ensure monthly inspection of goods-transporting vehicles according to these revised standards, while all other instructions in the earlier circular continue unchanged.

Salary TDS under section 192: CBDT explains 2020-21 slab rates, concessional taxation, and employer compliance duties.
Income-tax deduction at source from salaries during financial year 2020-21 under section 192 is governed by the normal slab rates and the concessional regime under section 115BAC, subject to the prescribed conditions for option, exemptions, deductions, surcharge, and health and education cess. The employer must compute estimated taxable salary, deduct tax at each payment, adjust excess or shortfall within the year, and follow the rules for multiple employers, foreign currency salary, perquisites, lower deduction certificates, and employee intimation for section 115BAC. The circular also sets out TDS compliance, Form 24Q, Form 16, PAN or Aadhaar and TAN requirements, and the evidentiary conditions for allowances, exemptions, and Chapter VI-A deductions.

Transfer and dematerialization of re-lodged physical shares: endorsed certificates retained and demat request required within specified validity period.
Upon processing a re-lodged transfer, the RTA retains the endorsed physical certificates and issues a Letter of Confirmation to the transferee with endorsement, folio, certificate and distinctive numbers. The transferee must present that Letter to a Depository Participant and submit a Dematerialization Request Form so the DP can process demat credit on the basis of the Letter. If the transferee does not submit a demat request within the letter's validity, the shares will be credited to the company's Suspense Escrow Demat Account. RTAs must notify depositories of any lock-in for processing as lock-in demat.

Special Notified Zone procedures enable import, sealed custody, viewing and re export of rough diamonds under Kimberley Process safeguards.
A Special Notified Zone (SNZ) at Gujarat Hira Bourse, Surat is designated as a Customs Area with M/S DGDC appointed custodian for import, viewing, trading and re export of rough diamonds. Imports must bear invoice, packing list, insurance and Kimberley Process Certificate; consignments are transshipped to SHB, examined and sealed by Customs, escorted to the SNZ strong room, and after viewing will be re sealed and either cleared by buyers via Bill of Entry or re exported under a shipping bill within specified timeframes, following Board Circular No. 53/2003 and related notifications.

Express Cargo Clearance System streamlines automated courier import export clearance under a risk based RMS with integrated screening.
The Public Notice mandates roll-out of the Express Cargo Clearance System (ECCS) at Ahmedabad Courier Terminal to automate filing, assessment, examination and clearance of courier consignments under the Customs Act and the Courier Regulations. It requires Authorized Couriers to file ECM I manifests and CSB/CBE electronic declarations, integrates barcode arrival/weight recording, X ray screening and RMS driven selection for examination, and prescribes procedures for suspicious consignments, amendments, bond management, online duty payment and limited manual clearance only in exceptional circumstances.