Derivative trading and clearing membership under banking regulations is clarified to permit trading and/or clearing functions in derivative segments.
Regulation 13(8) is corrected to provide for functioning as a trading member for interest rate or currency derivatives and/or as a clearing member for clearing and settlement in any derivative segment. The correction removes the qualification restricting clearing membership to a professional clearing member.

Cash payment restriction under Section 269ST: COVID-treatment facilities must obtain PAN/Aadhaar and relationship for cash receipts.
Central Government specifies Hospitals, Dispensaries, Nursing Homes, Covid Care Centres and similar medical facilities providing Covid treatment as specified recipients under the proviso to Section 269ST for cash receipts during the notified period, requiring such facilities to obtain and record the PAN or AADHAAR of the patient and of the payer and to record the relationship between the patient and the payer.

Anti-dumping duty extension maintained for subject seamless steel tubes, keeping the existing duty in force pending review.
An amendment to Notification No. 7/2017-Customs (ADD) preserves the existing anti-dumping duty on seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel originating in or exported from the People's Republic of China by inserting a provision that the anti-dumping duty shall remain in force up to and inclusive of the specified extension date unless revoked, superseded or amended earlier, thereby continuing the duty during the ongoing review process under the Customs Tariff Act and relevant rules.

Extension of GST compliance periods due to COVID-19, with specified statutory exclusions and procedural limits.
Notification extends GST-related time limits for completion or compliance of actions by authorities or persons that fell during the specified mid-April to end-May period, covering proceedings, orders, notices, filings and returns, but excludes certain substantive and procedural provisions and associated rules. A specific rule receives a separate short extension into mid-June, and timelines for issuance of orders on refund rejection are extended to fifteen days after receipt of reply or to the end of May, whichever is later. The notification is effective from mid-April 2021.

Cumulative input tax credit adjustment: May GSTR-3B must reflect cumulative ITC for April and May; IFF window extended.
The amendment requires cumulative application of the input tax credit condition for April and May 2021 and mandates that FORM GSTR-3B for May 2021 be filed with the cumulative adjustment of input tax credit for those months. It also permits registered persons to furnish April 2021 details via the Invoice Furnishing Facility (IFF) from May 1, 2021 until May 28, 2021.

Extension of return filing deadline for FORM GSTR-4 grants additional time for taxpayers to submit the annual GST return.
An amendment directs specified persons to furnish the return in FORM GSTR-4 for the financial year ending 31st March, 2021, by 31st May, 2021, and declares the amendment to be deemed in force from 30th April, 2021, thereby extending the statutory filing deadline under the Odisha GST notification framework.

Late fee waiver for GST returns grants limited additional filing days for specified taxpayers after the due date.
Waiver of the late fee under section 47 is provided for specified classes of registered persons who fail to furnish FORM GSTR-3B by the due date: different additional filing windows from the due date are prescribed by class (based on aggregate turnover and filing category) and by tax period as set out in the inserted Table. The amendment is effective retrospectively from a stated date in April and is made under the Odisha Goods and Services Tax Act.

Interest rate relief on GST late payments: staged reduced interest for returns filed for March and April 2021.
The notification amends the Odisha GST interest proviso by inserting four new table entries that prescribe staged, reduced interest for specified categories of taxpayers-distinguished by aggregate turnover and return filing category-for returns relating to March and April 2021 and for the quarter ending March 2021. The amendment, issued under section 50(1) read with section 148, establishes initial lower interest for a defined early period followed by higher rates thereafter and is deemed effective from 18 April 2021.

Cumulative input tax credit compliance: May return must include combined adjustment for April and May; IFF filing window extended.
The amendment requires the condition governing input tax credit reconciliation to apply cumulatively for April and May 2021, and mandates that the FORM GSTR-3B return for the tax period of May be furnished with the cumulative adjustment of input tax credit for those months. It also allows a registered person to furnish details for April using the Invoice Furnishing Facility from the first day of May until the twenty-eighth day of May.

Return filing concession for company-registered taxpayers permits GSTR-3B/GSTR-1 or IFF submissions verified via EVC for a specified period.
The amendment inserts a proviso to rule 26(1) permitting company-registered persons to furnish the return under section 39 in FORM GSTR-3B and details of outward supplies under section 37 in FORM GSTR-1 or via the Invoice Furnishing Facility, provided such filings are verified through an Electronic Verification Code (EVC); the rules are designated as the Maharashtra Goods and Services Tax (Second Amendment) Rules, 2021 with effect from the commencement date specified in the notification.

Agricultural extension project notification clarified - assessment years and sanctioned expenditure specified effective from notification date.
The notification amends a prior notification to specify that the agricultural extension project is notified from 16.02.2015 and covers assessment years through A.Y. 2017 18, and it records the sanctioned expenditure (excluding land or building) for each assessment year, clarifying that the sanctioned amount for the first year is effective from the formal notification date due to earlier project approval.

Section 35CCC notification updates assessment years and sanctioned project expenses, with expenditure allowed from formal issue date.
Amendment under section 35CCC specifies the agricultural extension project is notified from the formal issue date of the original notification until A.Y. 2017-18, and revises Sl. No.8 to set the sanctioned annual project expenditure (other than cost of land or building) for each covered assessment year, with sanctioned expenditure allowed with effect from the formal issue date of the original notification.

Agricultural extension project notification under Income Tax provision sets assessment years and sanctioned expenditure for the project.
The Central Board of Direct Taxes, under the Income-tax Act and rules, amends Notification No.14/2015 via FORM NO. 3CP to specify that the agricultural extension project is notified for a defined three-year span commencing from the formal issue of Notification No.14/2015 and to record the sanctioned expenditure for each assessment year excluding land or building costs; sanctioned expenditure is allowed effective from the formal notification date where project approval was accorded subsequently in the relevant financial year.

Exchange rate determination: notified rates effective 7 May 2021 for customs valuation of imports and exports.
Under Section 14 of the Customs Act, 1962, the Board prescribes rupee conversion rates for specified foreign currencies for customs valuation of imports and exports, effective 7 May 2021, superseding the prior notification and preserving prior actions; two schedules set distinct imported- and exported-goods rates, including rates per one unit for most currencies and per 100 units for certain currencies.

Extension of GSTR-1 filing deadline: registered taxpayers granted additional time to submit April period returns.
The time limit for furnishing details of outward supplies in FORM GSTR-1 for the tax period April 2021 is extended for registered persons required to furnish returns to the twenty-sixth day of the month succeeding that tax period; the amendment to Notification No. 42/2021-GST is deemed issued on the first day of May 2021.

ITC 04 filing deadline extended for Jan-Mar 2021 job work declarations, granting additional time to furnish required returns.
Time limit for furnishing FORM GST ITC-04 for goods dispatched to or received from job workers during January-March 2021 is extended until 31st May 2021, with the extension taking effect from 25th April 2021.

Extension of Time Limits for GST compliances under section 168A, postponing specified filings and proceedings to a later date.
Extension of time for specified GST compliances is notified under the Maharashtra GST Act using powers conferred by section 168A: time limits falling between 15 April 2021 and 30 May 2021 are extended to 31 May 2021 for proceedings, orders, notices, approvals and filings; rule 9 actions falling between 1 May 2021 and 31 May 2021 are extended to 15 June 2021; specified exclusions and a special timeline for orders on refund rejection are set.

GSTR-4 filing deadline extended to 31 May for financial year 2020-21 with effect from 30 April.
Amends a Maharashtra GST notification to require specified persons to furnish the annual composition dealer return in FORM GSTR-4 for the financial year ending 31 March 2021 up to the 31st day of May, 2021, and declares the amendment effective from the 30th day of April, 2021.

Late fee waiver for delayed GSTR-3B filings grants short grace periods differentiated by turnover class.
Waives the late fee for failure to furnish FORM GSTR-3B for specified tax periods by inserting a proviso to the principal notification: different short grace periods from the due date are prescribed according to the class of registered person based on aggregate turnover and filing category (monthly filers above threshold, monthly filers below threshold, and small taxpayers filing quarterly), and the amendment is effective retrospectively from April 2021.

Interest relief under GST: temporary stepped reduction in late interest rates for specified return categories and months.
Amendment to the State Tax notification reduces interest for delayed GST returns for March and April 2021 by inserting turnover based and filing category entries into the existing table: an initial grace period with nil or reduced interest, a subsequent moderate rate, and the higher rate thereafter. The relief covers taxpayers above and at or below the aggregate turnover threshold across the specified return filing subsections and quarterly filers. The notification is effective retrospectively from 18 April 2021 and is promulgated under section 50 read with section 148 of the Act.