GSTR-7 late fee waiver caps daily and aggregate liability for delayed returns by tax deductors.
Late fee for delayed furnishing of FORM GSTR-7 by registered persons required to deduct tax at source is waived to the extent it exceeds twenty-five rupees per day of continuing default. The aggregate late fee is capped through waiver of the amount exceeding one thousand rupees. The concession applies to returns for June 2021 onwards and takes effect from 1 June 2021 under the Telangana Goods and Services Tax framework.

Fixation of tariff values establishes customs valuation benchmarks for specified edible oils, metals, and areca nut effective immediately.
The Central Board of Indirect Taxes & Customs, under section 14(2) of the Customs Act, 1962, amends Notification No. 36/2001-Customs (N.T.) by substituting Tables 1-3 to fix tariff values (in US dollars) for specified edible oils, brass scrap, areca nut, and defined forms of gold and silver; the amendments take effect from 16 July 2021 and establish the commodity-specific tariff valuation benchmarks for customs assessment.

Exchange rate determination sets prescribed conversion rates for foreign currencies affecting import and export valuation.
The Board prescribes specific conversion rates for listed foreign currencies for customs valuation of imported and exported goods, effective from 16th July, 2021, with distinct rupee equivalents for imports and exports set out in two schedules; the notification supersedes the earlier specified notification except as to prior actions.

Appointment of professionals: arm's-length selection and conflict exclusions reshape conduct and disclosure in corporate insolvency proceedings.
Amendments clarify that an interim resolution professional or resolution professional must cease to act where their insolvency professional entity or its partners/directors represent other stakeholders; require disclosure of all former names and registered offices of a corporate debtor changed within two years prior to the insolvency commencement date in all communications and records; prescribe appointment of two registered valuers to determine fair and liquidation values and permit additional professionals appointed on an arm's-length, objective and transparent basis while prohibiting certain conflicted appointees; and mandate that fee invoices be raised in the professional's name and paid directly to their bank account.

QR code with embedded Invoice Reference Number enables electronic verification of tax invoices in lieu of physical copies.
The amendment mandates a Quick Response (QR) code embedding the Invoice Reference Number (IRN) for invoices issued under the prescribed procedure and permits electronic production of that QR code for verification by the proper officer in lieu of a physical tax invoice. It also empowers the Commissioner, on Council recommendation and by notification, to exempt specified persons or classes from issuing such invoices for a defined period subject to conditions.

Aadhaar authentication for GST registration: failure triggers physical verification or specified deemed approval timelines under amended rules.
The amendments make Aadhaar authentication the primary validation step for GST registration applicants not otherwise exempt, treating the date of authentication as the application date. Failure to authenticate or refusal to opt triggers physical verification of the business premises, subject to an alternative documentary verification with written reasons and senior approval. The rules prescribe differential officer-action timelines depending on authentication status and establish deemed approval if the proper officer does not act within the specified periods; they also clarify that physical verification arises both from failed authentication and from not opting for authentication.

Composition levy rates adjusted under Punjab GST rules; revised category-specific turnover-based taxes effective from April 2020.
The Punjab GST (Fourth Amendment) Rules, 2020 substitute the Table in rule 7 to set category-specific turnover-based tax rates for the composition levy, effective from 1 April 2020, applying distinct rates to manufacturers (with notified exclusions), suppliers of certain Schedule II supplies, other eligible composition suppliers, and persons opting under section 10(2A).

Composition scheme compliance: electronic intimation and ITC statement required; cumulative input tax credit adjustment to be reported in return.
Amendment prescribes that taxpayers opting for the composition scheme must electronically file an intimation on the common portal and furnish the statement of input tax credit in the prescribed ITC form by the stated deadlines; and that input tax credit eligibility and adjustments for specified months in 2020 shall be applied cumulatively, with the cumulative adjustment reflected in the subsequent GSTR-3B return.

Valuation of lottery supplies revised to a statutory proportion of ticket face value or notified price for GST purposes.
Amendment to rule 31A substitutes sub rule (2) to deem the value of supply of lottery as a statutory proportion of the face value of the ticket or the price notified by the Organising State, whichever is higher, and explains that "Organising State" bears the meaning given in the Lotteries (Regulation) Rules, 2010; the amendment is effected under the Punjab GST rule making power and made effective retrospectively from the stated commencement date.

Extension of time limits for GST compliances due to pandemic: specified deadlines moved to a later uniform date.
Any statutory or rule based time limit for State or integrated GST actions falling between mid April and end May 2021 is extended to the end of May 2021, except for expressly listed exclusions including registration, certain assessment and enforcement provisions, specified return provisions, the e way bill requirement and rules under those exclusions; rule based time limits falling in May are extended to mid June, and orders on refund rejection notices are extended to fifteen days after reply or to the end of May, whichever is later.

Income-tax exemption under section 10(46) for notified society: grant and interest exempt subject to compliance and reporting.
The Central Government notifies Himachal Pradesh Computerization of Police Society as a notified body under section 10(46) for specified income comprising grant in aid and interest on such grants, subject to conditions: no commercial activity, unchanged activities and income nature, filing returns under clause (g) of section 139(4C), and filing an audit report with a chartered accountant's certificate. The notification is effective for the financial years 2018 2019 through 2022 2023 as specified.

Tax exemption notification: specified welfare-board income exempted subject to non commercial status and filing and audit conditions.
Notification under clause (46) of section 10 designates the Haryana Labour Welfare Board's specified income-contributions to the Labour Welfare Fund, unpaid accumulations, fines for delayed deposits, interest on staff loans and on investments-as exempt, subject to conditions: no commercial activity; unchanged activities and income nature during the covered years; filing the return of income as required by law; and filing an audited report with a chartered accountant's certificate confirming compliance. The notification is deemed applicable to financial years 2020-2021 through 2024-2025.

Penalty waiver for GST non-compliance grants registered persons relief for a specified prior period under state notification.
The State government, under statutory power and on GST Council recommendation, waives penalties payable by registered persons for non-compliance with the specified state notification regarding GST for the period from 1 December 2020 to 30 September 2021, and supersedes the earlier 9 December 2020 notification while preserving acts done prior to supersession.

State tax on specified services temporarily fixed at reduced rate, applying irrespective of listed rate during the specified period.
The notification amends the prior Odisha GST notification by inserting a proviso that, during the period from mid June to the end of September 2021, the State tax on services described in clause (f) shall, irrespective of the rate specified in column (4), be levied at a single reduced rate; the change is effected by inserting the proviso into the Table at serial number 3, item (iv), column (3).

Concessional GST on covid-related medical supplies caps state tax rates for specified goods under notified tariff entries.
Notification under section 11 caps State GST on specified medical goods by tariff item: goods listed in the Table are exempt from State tax to the extent their tax exceeds the rate specified against each Table entry, with eligibility determined by the cited tariff headings and the measure operating for a time limited period.

Corrigendum to PMLA notification adds Raichur District into the specified district table under the Ministry of Finance schedule.
Corrigendum to a Ministry of Finance Department of Revenue notification under the Prevention of Money Laundering framework directs that "Raichur District" be read in the Table at Sl. No. 13, column 4, line 5, inserted between Koppal District and Dakshin Kannada (Mangalore District), thereby amending the territorial listing in the published Gazette entry.

Anti-profiteering committee constituted under rule 123, superseding prior notification and specifying designation-based membership.
Constitutes a state screening committee on anti-profiteering under rule 123 of the State and Central GST Rules, superseding an earlier notification while preserving prior actions; composition is designation-based and includes the Special Commissioner of Revenue in charge of the Law Section of the Directorate of Commercial Taxes and the Principal Commissioner/Commissioner of the Central GST Commissionerate, Kolkata South.

GSTR-4 filing due date extended under Uttar Pradesh GST by substituting the earlier deadline with 31 July 2021.
The due date for filing FORM GSTR-4 for the financial year 2020-21 is extended from 31 May 2021 to 31 July 2021 under the Uttar Pradesh Goods and Services Tax framework. The amendment substitutes the earlier date in the second proviso of the relevant notification issued under section 148 of the Uttar Pradesh Goods and Services Tax Act, 2017, and is stated to operate retrospectively from 31 May 2021.

Section 35 approval for research association: trust granted scientific research deduction eligibility effective for specified assessment years.
Approval is granted to M/s Patanjali Research Foundation Trust, Haridwar as a Research Association for Scientific Research under the statutory scheme permitting recognition of entities performing scientific research to enable tax treatment for qualifying research expenditure. The notification takes effect from publication, applies retrospectively to the prior year, and specifies applicability for the stated range of assessment years; the memorandum records no adverse effect from retrospective application.

Customs duty exemption on select APIs and COVID test kit raw materials until specified dates, subject to concessional import procedure.
Exempts basic customs duty on imports of specified APIs and excipients for Amphotericin B (DMPC, DMPG, HSPC, DSPG, Egg Lecithin, Cholesterol HP) and on raw materials for manufacturing COVID test kits, subject to conditions. The exemption ends for Amphotericin B inputs after 31 August 2021 and for COVID test kit materials after 30 September 2021. Importers must follow the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 to claim the concession.