Reverse charge on passenger motor vehicle rentals applies to non-corporate suppliers who do not charge standard GST rates.
Reverse charge mechanism for fuel-inclusive passenger motor-vehicle rental services applies where a non-body-corporate supplier provides the service to a body corporate and does not issue an invoice charging GST at 12%. Where GST at 12% is charged by the supplier, the body corporate has no reverse-charge liability. A supplier covered by reverse charge must not charge tax from the recipient. The framework is clarificatory and also governs the period from 1 October 2019 to 30 December 2019.

GST clarification on Information Technology enabled Services is withdrawn ab initio to ensure uniform legal implementation across field formations.
Withdrawal of prior GST clarification on Information Technology enabled Services takes effect ab initio to ensure uniform implementation of the Bihar Goods and Services Tax law. The earlier clarification concerning doubts about the GST treatment of ITeS services is withdrawn following concerns regarding its implications across field formations.

Return non-filing under GST triggers electronic notice, best judgment assessment, recovery, cancellation, and possible provisional attachment.
Failure to furnish GST returns requires issuance of FORM GSTR-3A, allowing fifteen days for filing. If a return remains unfurnished after this period, the proper officer may make a best judgment assessment in FORM GST ASMT-13 using available return, e-way bill, inspection, and other information, and upload the assessment summary in FORM GST DRC-07. A valid return filed within thirty days of service of the assessment order causes it to be deemed withdrawn; continued default may result in recovery proceedings and cancellation of registration.

Extension of limitation: order preserves limitation periods during pandemic, requiring adherence in tax assessment processes.
The circular records that representations sought exclusion of the lockdown period from limitation computations under the Delhi Value Added Tax Act, 2004 and directs that the Supreme Court's suo motu order extending the period of limitation from mid March 2020 until further orders is binding under Article 141. All assessing and objection hearing authorities under the DVAT Act, 2004 are instructed to adhere to that extension when dealing with limitation periods in tax proceedings.

Interest Equalisation Scheme extension preserves concessional support for pre- and post-shipment rupee export credit through the renewed period.
Extension of the Interest Equalisation Scheme renews concessional support for pre- and post-shipment rupee export credit for one additional year with unchanged scope and coverage; the scheme remains effective for the renewed period or until further orders. Implementation is subject to Reserve Bank of India guidelines and notifications, and stakeholders are requested to utilize the scheme and report any difficulties to the Directorate General of Foreign Trade.

Relaxation of Minimum Public Shareholding compliance shields listed entities from penal measures during the specified relief period.
Recognized stock exchanges and depositories are directed not to initiate, and to withdraw any penal actions already initiated, for listed entities whose deadlines to meet Minimum Public Shareholding requirements fall within the prescribed relief window; exchanges must notify listed entities and publish the circular, which takes effect immediately as a regulatory relaxation under the Listing Obligations and Disclosure Requirements framework.

Relaxation of procedural requirements allows electronic service of offer documents and electronic inspection for open offers and buy-backs.
Relaxation permits electronic transmission of letters of offer, tender forms and related materials for open offers and buy-back tender offers up to July 31, 2020, provided the documents are published on the company, registrar, stock exchange and manager websites. Acquirers/companies and lead managers must undertake complementary outreach (post, SMS, television, digital ads) and publish advertisements notifying shareholders of electronic dispatch and web availability in the same newspapers as the original public statements; additional newspapers and electronic media may be used. Electronic inspection of material documents must be provided.

Provisional assessment permits conditional release of imports pending COO verification with reduced security for qualifying importers.
Provisional assessment allows conditional release of consignments from China claiming duty exemption under an APTA Country of Origin Certificate pending verification of COO signatures and seals; releases shall follow Circular No. 38/2016 and security under Section 18 of the Customs Act. Designated categories (Authorized Economic Operator, Status Holder, specified manufacturers and institutional actual users importing pharmaceuticals, personal protection equipment and hygiene products) are exempt from security (0%), other importers of those goods face 25% security of the differential duty, and all other importers remain at 100%. Eligible importers may furnish a Bond or an Undertaking in lieu of Bond, which must be replaced by a proper Bond as required, and Appraising Groups must maintain records of relaxations.

PGA e-SANCHIT expansion requires agencies to upload digital LPCOs, shifting upload responsibility from beneficiaries to PGAs.
PGA e-SANCHIT now requires PGAs to upload digitally signed LPCOs; RNI is added as a PGA with two document types and the total enabled PGAs becomes fifty-one. Beneficiaries will be barred from uploading previously issued LPCOs after the deactivation cut-off, and RNI must upload LPCOs issued during the 15-day window (and may upload earlier LPCOs) to allow beneficiary use. PGAs will communicate via ICEGATE-registered email addresses; stakeholders must ensure correct emails because beneficiary upload capability will be deactivated.

National Calamity Contingent Duty inclusion required in Brand Rate duty drawback calculation under customs law.
Clarifies that the incidence of National Calamity Contingent Duty (NCCD) on inputs used in export manufacture must be factored into calculation of the Brand Rate of duty drawback; explains NCCD's levy as an excise and customs duty under the Finance Acts and that central excise and customs provisions (including refunds and exemptions) apply; notes Drawback Committee inclusion of NCCD in All Industry Rates and directs stakeholders to report implementation difficulties to the Deputy Commissioner (Technical).

External audit compliance reporting through VYAS Central streamlines PAC objections, evidence upload, and time-bound online review.
External Audit Module was introduced on VYAS Central for the prompt disposal of external audit objections and for submission of PAC-related compliance reports through a time-bound, evidence-based online workflow. The module provides for initial entry of pending paragraphs at Headquarters, onward transmission to the concerned Joint Commissioner (Executive) or Zonal Additional Commissioner, and further forwarding to the Division or Corporate Circle for typing of objections, preparation of compliance replies, and upload of a consolidated PDF containing supporting documents. Submission through the module replaces the need for hard copy transmission.

Paperless LPCO uploads: Registrar of Newspapers must upload authorizations on e SANCHIT and beneficiary uploads will be disabled.
RNI is enabled to upload digitally signed LPCOs (Certificate of Registration and Self Declaration Certificate for Import) on e-SANCHIT, centralizing issuance for beneficiaries. Beneficiary uploading of previously issued LPCOs will be disabled after the cut-off; RNI must upload LPCOs from the prior fifteen days and may upload earlier documents. ICEGATE-registered email addresses will be used for IRN communication; formations must ensure correct beneficiary email registration and issue public notices. Feedback to [email protected].

Import deadline extension for Urad imports requires arrival at Indian ports before the extended deadline; no further extensions permitted.
Importers holding licences for the additional 2.5 lakh metric tonnes of Urad must ensure arrival of imports at Indian ports before 31 May 2020; this extension replaces earlier cut offs and no further extension will be entertained.

Acceptance of undertaking in lieu of bond extended to facilitate trade during COVID lockdown until end of May.
Importers, exporters and customs brokers may continue to submit an undertaking in lieu of a bond for customs clearance, subject to the conditions in CBIC Circular No.17/2020 and related public notices. The Board, considering the extended lockdown and the time needed for normalisation, has further extended the temporary facility for acceptance of such undertakings as announced in CBIC Circular No.23/2020; provisional acceptance remains conditional on later submission of the proper bond.

Port clearance procedure requires specified vessel certificates, verification, continuity bond or undertaking, and emailed scanned documents during lockdown.
Granting of EDI Port Clearance and Advance Port Clearance requires production and verification of specified vessel certificates (including Immigration NOC, Port Health, Load Line, Safety Radio, Safety Equipment, Ship Registry, Light House and Income Tax certificates) and verification of entry records and light dues by the concerned AC/DC before EDI issuance. Advance Port Clearance may be issued on a continuity bond with submission of outstanding certificates within seven days; during COVID 19, undertakings and scanned copies may be emailed pending formal bond submission. Advance Port Clearance is valid three days and extendable three times.

Aadhaar authentication permission allows designated market entities to provide e KYC for investor KYC subject to UIDAI and regulatory compliance.
Permission is granted for designated market entities to perform Aadhaar Authentication via the e-KYC facility for investor KYC, provided they register with UIDAI as KUAs, enable SEBI-registered intermediaries to register as sub-KUAs under UIDAI-prescribed agreements, and comply with UIDAI privacy and security standards and applicable regulatory requirements; stock exchanges and depositories must notify participants, amend rules for implementation, report monthly on status, and monitor compliance, with permissions subject to withdrawal if standards are not maintained.

Relaxation of listing obligations permits electronic AGMs and waives physical annual report and proxy requirements during the pandemic.
SEBI relaxes specified LODR compliance for calendar year 2020 by permitting AGMs by electronic mode and dispensing with the physical dispatch of annual reports and proxy forms for such AGMs; dividend warrant issuance by post is deferred until postal normalization while electronic payments and collection of bank details should be pursued; newspaper publication requirements for corporate notices are exempted till June 30, 2020; banks and insurers or entities with such subsidiaries may voluntarily publish consolidated quarterly results for the June quarter but must submit standalone results and disclose reasons if consolidated results are not published.

Undertaking in lieu of bond extended during COVID lockdown, with deadline for formal bonds deferred pending review.
The Board has extended the temporary facility permitting acceptance of an undertaking in lieu of a bond for customs clearance during the COVID-19 lockdown; the deadline for submission of the proper bond in lieu of which the undertaking is accepted is deferred, the earlier conditions remain applicable, and the relaxation will be reviewed at the end of the lockdown period.

Inclusion of National Calamity Contingent Duty in Brand Rate calculation required for duty drawback determinations.
Incidence of National Calamity Contingent Duty (NCCD) on inputs used in manufacture of export goods must be included in calculation of the Brand Rate of duty drawback; NCCD is levied as excise and customs duty and is subject to relevant provisions, refunds and exemptions under Central Excise and Customs law, and is already taken into account for All Industry Rates by the Drawback Committee.

Time of supply determines tax liability; TCC issuance requires timely GST return filing and payment by the due date.
The circular explains that the time of supply-whichever is earlier between invoice issuance and receipt of payment-fixes the point of taxation and the due date for GST. Taxpayers must file returns and pay tax by that due date even if payment from customers is pending. Issuance of a Tax Clearance Certificate (TCC) for release of payment by a deducting authority is conditional on timely filing of GST returns and payment of tax by the due date.