GST exemption for TDR/FSI and long term lease in residential projects with reverse charge for unsold units.
The amendment exempts GST on TDR/FSI transfers and upfront long term lease payments used for construction of residential apartments by applying a proportionate carpet area ratio to GST payable on those inputs; it imposes reverse charge tax on promoters for the proportion attributable to unsold residential apartments at completion or first occupation, subject to capped limits, and establishes deemed valuation rules for transfers in kind and for unbooked apartments at completion. Definitions for apartment, promoter, project, carpet area and FSI are inserted.

Tax liability on development rights and FSI arises on completion or first occupation; promoters notified for reverse charge.
Notification designates promoters who receive development rights/FSI or long term leases of land in consideration (including construction service or upfront amounts) as liable to pay central tax, and states that tax liability on consideration in the form of construction service, monetary consideration related to development rights/FSI, upfront lease amounts, and construction supplies against development rights/FSI arises on issuance of the completion certificate for the project or on first occupation, whichever is earlier; tax on these services is payable under the reverse charge mechanism.

Transfer of development rights and FSI transfers: services to promoters and long term land leases now captured under GST rules.
Two new service entries capture: (1) transfer of development rights or floor space index (FSI) by any person for construction of a project by a promoter; and (2) long term land leases granted by any person for such construction where consideration is upfront premium and/or periodic rent, treated as services to the promoter. Definitions added align "apartment" and "promoter" with the Real Estate (Regulation and Development) Act, define "project" as REP or RREP, set RREP by reference to commercial carpet area limits, and define FSI as gross floor area to land area ratio.

Amendment sets special GST rules for construction services in real estate projects, including affordable housing and reverse-charge duties.
The notification amends Jammu and Kashmir GST provisions to prescribe differentiated state-tax treatment for construction services in Real Estate Projects, define affordable residential apartment, REP/RREP and ongoing project, require cash payment of specified state tax, condition input tax credit on minimum procurement from registered suppliers, deem value of construction on transfer of development rights to mirror amounts charged to independent buyers (less land value), impose reverse-charge obligations for supplies from unregistered persons, and mandate project-wise accounting and reporting; effective 1 April 2019.

Input tax credit adjustment requirement: taxpayers opting composition must remit equivalent credit for stock, finished goods and capital goods.
Registered persons who have availed input tax credit and opt to pay tax under this notification must pay, by debit to their electronic credit or cash ledger, an amount equal to the input tax credit on inputs in stock, inputs in semi finished or finished goods held in stock, and on capital goods, as if section 18(4) and the rules thereunder apply; after payment any remaining input tax credit balance in the electronic credit ledger shall lapse.

Reverse charge liability imposed on promoters for specified supplies from unregistered suppliers under Jammu and Kashmir GST.
Imposes reverse charge liability on promoters for specified supplies received from unregistered suppliers: (i) goods or services constituting a shortfall from the minimum procurement value required of a promoter, excluding certain development related services; (ii) cement forming such shortfall; and (iii) capital goods supplied for construction where tax is payable at specified rates; with definitions of promoter, project, Residential Real Estate Project, and floor space index adopted from the Real Estate (Regulation and Development) Act, 2016.

Real estate GST rules revised: project-level ITC apportionment using E/F carpet-area ratios and updated GST forms.
Rule 42 and related provisions require project-level computation and finalisation of input tax credit and apportionment for construction services under Schedule II clause (b), using E/F ratios based on aggregate carpet areas (including special treatment for apartments booked on or before completion certificate/first occupation), with reversals or claims to be effected via FORM GSTR-3B or FORM DRC-03 within specified return periods; parallel amendments to rule 43 align capital goods common credit calculations, and Rule 88A prescribes utilization order of ITC prioritising integrated tax.

Rescission of anti-dumping duty notification terminates earlier duty, save for prior actions, pursuant to sunset review findings.
Rescinds Notification No. 39/2018-Customs (ADD) and withdraws the anti-dumping duty prospectively under section 9A of the Customs Tariff Act, 1975 read with rules 18 and 23 of the Antidumping Rules, following sunset review findings, while preserving actions already done or omitted before the rescission.

Appointment of tax commissioners under GST rules enables substitution of specified entries in an Odisha notification.
Amendment substitutes the entries at serial numbers 1 and 2 in the Odisha Finance Department notification No. 25994 FIN CT1 TAX 0064/2017 (S.R.O. No. 382/2017) by naming Shri Bishnupada Sethi as Commissioner of State Tax, Odisha and Shri S.G. Dewalwar as Commissioner, Bhubaneswar, CGST Commissionerate, issued under Rule 123 of the Odisha GST Rules read with sub rule (2) of Rule 123 of the Central GST Rules on public interest grounds.

FORM GSTR-7 filing deadline for tax deductors was extended for the March 2019 return period.
Time limit for filing FORM GSTR-7 for March 2019 was extended until 12 April 2019 for registered persons required to deduct tax at source under the Telangana Goods and Services Tax framework. The extension applies to the prescribed return-filing procedure for tax deducted at source.

FORM GSTR-1 outward supply reporting requires electronic filing of March 2019 details through the common portal by the prescribed deadline.
FORM GSTR-1 outward supply reporting for March 2019 must be furnished electronically through the common portal by 13 April 2019. The requirement operates within the framework for furnishing outward-supply details under the Telangana Goods and Services Tax Rules and is made under the Telangana Goods and Services Tax Act, 2017.

FORM GST ITC-04 filing deadline extends for job-work goods declarations covering the specified earlier tax period.
The time limit for furnishing FORM GST ITC-04 is extended until 30 June 2019 for declarations concerning goods dispatched to, or received from, a job worker during July 2017 to March 2019. The earlier State Tax notification is superseded, without affecting actions already taken or omitted before supersession.

Input tax credit adjustment required when opting for composition; payment equivalent to credit must be made and balance lapses.
A newly inserted provision requires a registered person who availed input tax credit and opts for the composition notification to debit the electronic credit or cash ledger an amount equal to input tax credit on inputs in stock, inputs in semi finished or finished goods in stock, and on capital goods as if Section 18(4) and related rules applied; after such payment any remaining electronic credit ledger balance shall lapse. The annexure makes the GST Rules applicable to section 10 composition taxpayers apply mutatis mutandis to persons under this notification.

Bill of supply requirement clarified: taxpayers under the specified notification must issue a bill of supply instead of a tax invoice.
Clarifies that the invoice issuance rule under clause (c) of sub section (3) of Section 31 of the Andhra Pradesh Goods and Services Tax Act, 2017 requires a registered person supplying exempted goods or services or paying tax under the specified government notification to issue a bill of supply in place of a tax invoice, resolving uncertainty about applicability for taxpayers covered by that notification.

TCS filing deadline extended to permit e-commerce operators unable to register to submit October, November and December statements.
The Order amends the Explanation to sub-section (4) of Section 52 of the Goods and Services Tax Act by substituting the date "31st January, 2019" with "07th February, 2019", thereby granting additional time to e-commerce operators who collected amounts but, due to portal registration technical issues, could not furnish the monthly statement required under Section 52(4).

Exclusion of interest-based exempt services: their values excluded from composition eligibility and aggregate turnover calculations.
The value of supply of exempt services by way of extending deposits, loans or advances, where consideration is represented by interest or discount, is not to be taken into account for determining eligibility for the composition scheme and for computing aggregate turnover for composition eligibility.

Fixation of tariff value: revised import tariff values set for edible oils, metals, areca nut and poppy seeds.
The Central Board amends the principal customs notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified goods. The substituted tables prescribe US dollar per metric tonne values for edible oils, brass scrap, poppy seeds and areca nut, and separate US dollar unit values for gold and silver when specified notification entry benefits are availed, creating commodity-specific import valuation benchmarks for customs assessment.

Input tax credit allocation rules revised, with project wise E/F calculations and mandatory GSTR 3B/DRC 03 adjustments clarified.
The amendments clarify that value of assets means all business assets irrespective of ITC availed; require project-wise E/F calculations for construction services to allocate exempt and taxable portions using carpet-area based formulas and include unbooked or partly taxable apartments; mandate separate computation for central, State/Union territory and integrated tax components; and require reversals or credit claims via FORM GSTR-3B or FORM DRC-03 with interest where applicable. They also establish order of utilization of ITC prioritising integrated tax and substitute assessment, demand and rectification forms and procedures including FORM GST DRC-01/02/07/08 and ASMT series.

Form 16 amendment expands mandatory salary, exemption and deduction disclosures, tightening TDS reporting and Annexure requirements.
The notification amends Income tax Rules to substitute Part B (Annexure) of Form No.16 and Annexure II of Form No.24Q, mandating detailed, itemised disclosure of gross salary components, exemptions under section 10, deductions under section 16 (including the standard deduction), other income reported under section 192(2B), Chapter VI A deduction breakdown, full tax computation (including rebate, surcharge, cess and relief under section 89) and verification by the deductor; Form 24Q annexure further requires employee PANs and conditional landlord and lender PANs.

Input tax credit allocation for real estate projects revised-project wise finalisation, reversal and mandated reporting required.
The amendments clarify that value of assets comprises the entire business assets irrespective of input tax credit status, and establish project wise mechanisms for final calculation, reversal and reporting of input tax credit and capital goods credit for construction services. They prescribe E/F carpet area ratios (including treatment of booked and unbooked apartments and partly taxable supplies), require reversals or credit claims via FORM GSTR 3B or FORM GST DRC 03 by the September following project completion (with interest where applicable), permit attribution of shared inputs/capital goods across projects, and introduce new utilization, assessment and form protocols including Rule 88A and multiple substituted forms.