Interest and penalty waiver for past GST demands if full tax is paid, easing credit timelines and compliance burdens.
Recommendation to waive interest and penalties for demand notices under Section 73 for specified early GST years if full tax is paid by the notified date, to deem the time limit for availing input tax credit for initial GST years to a retrospective cut-off for GSTR-3B filings, and to insert statutory provisions enabling conditional waiver and retrospective clarification of timelines for credit and revocation-related filings.

Information reporting obligations for pan masala and tobacco manufacturers now require monthly inputs-outputs and machine registration.
Notification No. 04/2024 - Central Tax prescribes two forms, GST SRM-I for registration and disposal details of machines and GST SRM-II as a monthly reporting instrument requiring manufacturers of pan masala and tobacco to disclose inputs procured and outputs produced or consumed during the month; both forms are made available on the GST portal.

GST infrastructure expansion enhances taxpayer facilitation through new GST Bhawan, improving accessibility and workspace efficiency.
The new GST Bhawan at Rohtak provides a purpose-built administrative complex to facilitate GST taxpayers by improving accessibility, workspace quality, and operational capacity; the project was completed within sanctioned budget and timeline despite pandemic challenges, reflecting departmental infrastructure development and expected enhancements to officer efficiency and taxpayer service delivery.

GST revenue growth driven by domestic transactions, with detailed IGST settlements and state-wise SGST allocations announced.
Gross and net GST receipts for May 2024 and for FY 2024-25 (till May) are reported with year-on-year growth driven mainly by domestic transactions. Detailed componentisation lists CGST, SGST, IGST (including import portions) and Cess for the month and year-to-date. The press release specifies Inter-Governmental Settlement allocations from net IGST to CGST and SGST for May and for the FY-to-date period, and provides state-wise pre- and post-settlement SGST figures and growth rates for May 2024.