Agriculture Infrastructure and Development Cess exemption applies to specified ethanol, methanol and biodiesel blended fuels.
Agriculture Infrastructure and Development Cess is exempted, to the extent of the excess over the specified rate, on defined blended fuels under Chapter 2710. The exemption applies to ethanol-blended petrol at multiple blend levels, 15% methanol blended petrol, and high speed diesel oil blended with bio-diesel up to 20% by volume, subject to prescribed composition requirements and Bureau of Indian Standards specifications. The notification also defines the relevant excise and GST tax expressions and takes effect from 2 February 2021.

Countervailing duty suspension on certain stainless steel flat imports temporarily halts levy for a specified period.
The Central Government inserted a proviso to the principal notification establishing that the countervailing duty on certain hot rolled and cold rolled stainless steel flat products originating in or exported from the People's Republic of China shall not be levied for the period commencing 2nd February, 2021 to 30th September, 2021, thereby temporarily suspending the duty while retaining the underlying findings and statutory basis for the original notification.

Tariff amendment updates excise rates for specified petroleum products, effective with non retroactivity for prior manufactured goods.
The amendment substitutes revised per litre excise tariff entries for the items at serial numbers one and two in the Table of the principal notification, takes effect from the second day of February, two thousand twenty one, and expressly excludes application to goods manufactured on or before the first day of February, two thousand twenty one even if cleared on or after the effective date.

Basic Customs Duty revisions prescribe new duty rates and reshape import exemptions for specified tariff items and conditional grants.
Notification 2/2021-Customs amends Notification No.50/2017 by substituting, inserting and omitting numerous Table entries to revise Basic Customs Duty rates and reclassify tariff items, notably for pulses, specified chapters and industrial inputs, lithium-ion cells and batteries, PCBA inputs, aircraft components, and selected metal and paper goods; it replaces Condition 60 to create R&D and manufacture-for-export compliance tracks (installation within six months and seven-year non-transfer), adds Conditions imposing bonded obligations and Defence certification routes, adjusts provisos and an Explanation for completion of pending customs action, omits List 2, and brings the amendments into force from 2nd February 2021.

Countervailing duty rescission withdraws prior CVD notification while preserving actions taken before rescission.
The Central Government, invoking sub-section (2) of section 9 of the Customs Tariff Act, 1975, rescinds Notification No. 02/2020-Customs (CVD), subject to a savings proviso preserving actions done or omitted before rescission, and fixes an effective commencement date for the rescission.

Excise exemption for specified ethanol, methanol and biodiesel blends grants nil central excise on compliant blends.
Amends Notification No. 11/2017 by substituting tariff table entries to define and classify specified ethanol, methanol and biodiesel blends that conform to Bureau of Indian Standards, prescribing nil central excise for those tariff entries; inserts Explanation 2 defining "appropriate duties of excise" and "appropriate Central tax, State tax, Union territory tax and Integrated tax"; comes into force on 2 February 2021 and excludes goods manufactured on or before 1 February 2021.

Deadline extension under Vivad se Vishwas Act: compliance window moved to 28th February 2021 for the specified notification.
Amendment to Notification No. 85/2020 under the Direct Tax Vivad se Vishwas Act substitutes in clause (a) the date "31st day of January, 2021" with "28th day of February, 2021", issued by the Central Board of Direct Taxes and published in the Gazette.

Anti-dumping duty continuation on steering knuckles imposes producer- and origin-specific import levies to address dumped imports.
Continuation of anti-dumping duty is imposed on imports of Steering Knuckles for medium and heavy commercial vehicles originating in or exported from the People's Republic of China, with producer- and origin-specific duty rates, applied by tariff headings 8708 94 00 and 8708 99 00. The measure follows a review finding of dumping and injury for steering knuckles and a likelihood of recurrence of injury generally; the duty applies for thirty months from Gazette publication, payable in Indian currency with exchange rates as notified for bill of entry date.

HSN Code requirement: registered persons must state eight digit HSN codes for specified chemical supplies in tax invoices.
The state notification amends the GST rules to require that registered persons mention eight digits of HSN Codes in tax invoices for the specified chemical supplies listed in the Table, each identified by chemical name and HSN Code or marked as applicable; the requirement is introduced as an additional proviso to the existing rule and is made effective from the stated commencement date.

Penalty waiver for QR code invoice non compliance granted for a specified period, conditional on compliance from April first.
Waiver of penalty is granted to registered persons for non compliance with the obligation to issue invoices containing a Dynamic QR code for the period from 1 December, 2020 to 31 March, 2021, conditional on the person complying with the QR code invoicing requirement from 1 April, 2021, and made effective retrospectively from 29 November, 2020.

Threshold reduction for GST registration: state lowers high turnover threshold, operative from early January and deemed earlier.
Amendment substitutes the previously specified higher turnover threshold with a lower threshold in the first paragraph of Notification No. 13/2020 - State Tax, making the substitution effective from the first day of January, 2021, and deeming the notification to have been effective from the 10th November, 2020.

Extension of due date for FORM ITC-04 extends filing deadline for job-worker declarations for the specified quarter.
The time limit for furnishing FORM GST ITC-04 for goods dispatched to, or received from, a job worker during July-September 2020 is extended until the 30th day of November, 2020. The extension is issued under the statutory procedural authority and is deemed effective from 25th October, 2020, thereby providing an extended compliance period for job-worker declarations for that quarter.

Rescission of prior notification made effective retrospectively and preserving actions taken before rescission on public interest recommendation.
Withdraws a prior state GST notification in the public interest on Council recommendation, rescinding it while preserving acts or omissions done before rescission and declaring the rescission effective retrospectively from the earlier specified date.

Rescission of notification restores prior tax position, deemed effective from an earlier operative date for administrative purposes.
The Commissioner, exercising statutory GST powers on council recommendation, rescinds the earlier State Tax notification No. 76/2020 while preserving actions done or omitted before rescission; the rescission is declared to be deemed effective from an earlier operative date, and a savings provision maintains the legal effect of prior acts.

Special GST deposit procedure allows provisional electronic ledger deposits to cover interim quarterly tax obligations.
Notification permits registered persons who file quarterly returns to follow a special procedure by making a deposit into the electronic cash ledger in the first and/or second month of a quarter, calculated by reference to the tax debited in the preceding quarter's return (or last month of the preceding quarter if returns were monthly). The procedure requires prior filing for a complete tax period and is not applicable where electronic cash or credit ledger balances suffice or where there is nil liability.

Quarterly return option allowed for eligible small taxpayers who opt, with monthly tax payment and conditions.
Notification permits registered persons below a specified aggregate turnover who have opted for quarterly returns to continue quarterly filing while paying tax monthly, subject to filing the preceding month's return as due and continuation of the option unless revised. Crossing the turnover ceiling in a quarter disqualifies a person from quarterly filing from the first month of the next quarter. The notification also deems an option for certain taxpayers based on past return frequency, allows electronic change of that option on the common portal within a specified window, and specifies an effective retrospective commencement date.

Extension of GSTR-1 filing deadline: outward supplies returns now due in the month succeeding the tax period.
Extends the time limit for furnishing details of outward supplies in FORM GSTR-1: for each tax period, filing is moved to the eleventh day of the month succeeding the tax period, while registered persons required to furnish quarterly returns have their GSTR-1 deadline moved to the thirteenth day of the month succeeding the tax period. The notification supersedes earlier related notifications and is effective from the first day of January, 2021.

GSTR-1 filing deadline extension sets separate monthly and quarterly outward-supply reporting due dates under the GST return framework.
The time limit for furnishing details of outward supplies in FORM GSTR-1 is extended to the eleventh day of the month succeeding each tax period for monthly filers. Registered persons required to furnish quarterly returns may furnish FORM GSTR-1 up to the thirteenth day of the month succeeding the relevant tax period. The revised timelines operate from 1 January 2021 and supersede earlier specified notifications without affecting prior actions or omissions.

Invoice Furnishing Facility enables monthly supplier data to feed an auto-drafted ITC statement guiding input tax credit in returns.
Rules require suppliers to furnish outward supply details in FORM GSTR-1 or via an Invoice Furnishing Facility (IFF) for the first two months of a quarter; supplier filings and import data are auto-populated into Part A-D of FORM GSTR-2A and into a monthly auto-drafted FORM GSTR-2B. FORM GSTR-2B is a static monthly ITC statement aggregating supplier GSTR-1, GSTR-5, GSTR-6 and ICEGATE data, indicating credit that may be availed or must be reversed and guiding taxpayers to reconcile and claim ITC in FORM GSTR-3B.

Commencement of Section 7: amendment provisions brought into force and deemed effective from the appointed earlier date.
The government appoints an earlier date as the date on which the amendment provision shall come into force and declares the notification to be deemed effective from that appointed date, exercising powers conferred by the enabling clause of the amendment ordinance and formalising commencement by official notification.