Credit rating regulation alignment with Companies Act enhances definitional consistency and limits investigatory scope to listed securities.
Amendments align regulatory definitions and cross references for credit rating agencies with the Companies Act, 2013, replace references to public or rights issues by focusing on securities that are listed or proposed to be listed on a recognized stock exchange, and provide that undefined terms shall have meanings assigned in the Act, the Securities Contracts (Regulation) Act, the Companies Act, 2013, or related rules. An explanation confirms ratings under financial sector regulators remain within those regulators' purview and SEBI's investigatory remit is limited to ratings of listed or proposed listed securities.

Constituency rules for foreign portfolio investors expanded to permit NRIs, OCIs and resident Indians subject to tax-law eligibility and approvals.
Amendment substitutes Regulation 4(c) to permit non-resident Indians, Overseas Citizens of India and resident Indian individuals as constituents of an FP-in applicant subject to Board conditions; resident Indian non-individuals may be constituents only if they are eligible fund managers under the Income Tax Act and the applicant is an eligible investment fund under the Income Tax Act with approval under the Income Tax Rules.

Designation of Special Court for money laundering trials in 2G spectrum matters centralizes trial jurisdiction.
The Central Government, under section 43(1) of the Prevention of Money laundering Act, 2002 and in consultation with the Chief Justice of the High Court of Delhi, designates the Court of Special Judge (Prevention of Corruption Act) (CBI)-09 at Rouse Avenue Court Complex, New Delhi as a Special Court to deal with offences of money laundering under the Act, superseding prior notifications and assigning jurisdiction for matters relating to the 2G spectrum scam.

Tariff classification correction replaces the notified commodity code at Sl. No.8 with 3808 94 in the State notification.
Corrigendum to Notification No. 05/2021-State Tax (Rate) dated 14 June 2021 substitutes the commodity classification code against Sl. No. 8 in the Table, directing that the earlier entry "3804 94" shall be read as 3808 94, issued as S.O. 126 dated 3 August 2021 by the Commercial Taxes Department and signed by the Commissioner State Tax-cum-Secretary.

Exclusion from e invoice requirement exempts government departments and local authorities under GST rules by amendment to existing notification
Exclusion from the e invoice issuance requirement is effected by inserting the words "a Government department, a local authority" into the operative paragraph of a prior notification under the GST rules, thereby exempting those public entities from being treated as persons required to issue e invoices, enacted by the state revenue department on the GST Council's recommendation.

Input tax credit adjustment: cumulative April-June period requires GSTR-3B for June to include cumulative ITC adjustments.
The Fifth Amendment, 2021, amends GST Rules to extend a deadline in rule 26(1) from end of May to end of August 2021; requires that the condition for input tax credit adjustments apply cumulatively for April-June 2021 with FORM GSTR-3B for June 2021 furnished including the cumulative ITC adjustment; and allows registered persons to furnish May 2021 details via the Invoice Furnishing Facility from 1 June to 28 June 2021.

Refund withholding and withdrawal procedures clarified, including ledger re credit and deficiency period exclusion from limitation.
Amendments to the Andhra Pradesh GST Rules refine revocation of cancellation timelines by permitting Commissionerial extensions; exclude the period between filing a refund claim and communication of deficiencies from the two year refund limitation when deficiencies are rectified; allow applicants to withdraw refund applications prior to any refund sanction with automatic re credit of debited electronic ledgers; and reconfigure FORM GST RFD 07 to separate withholding (Part A) and release (Part B) orders, while introducing FORM GST RFD 01W for withdrawal of refund applications.

Timing of tax liability redefined to the tax period when the completion certificate or first occupation falls.
The amendment substitutes two phrases: replacing "in whose case the liability to" with ", who shall ", and replacing the clause on when liability arises with a timing rule that liability arises "in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority, or the date of its first whichever is earlier, falls."

GSTR-3B late-fee relief introduces turnover-based waiver periods and capped fees for delayed Telangana SGST return filing.
Telangana SGST late-fee relief for delayed FORM GSTR-3B returns is rationalised by granting turnover-based waiver periods for March, April and May 2021. Delayed returns for July 2017 through April 2021 furnished between 1 June and 31 August 2021 are subject to capped late fees, with a lower cap where state tax payable is nil. For tax periods from June 2021 onwards, late fees are capped according to nil tax liability and preceding-year aggregate turnover.

E-invoicing applicability expands through a reduced turnover threshold while excluding government departments and local authorities from coverage.
E-invoicing requirements under rule 48(4) of the Telangana Goods and Services Tax Rules, 2017 are amended. Government departments and local authorities are excluded from the notified registered persons from 1 June 2021. The aggregate-turnover threshold for e-invoicing applicability is reduced from one hundred crore rupees to fifty crore rupees from 1 April 2021.

Exclusion from GST registration provisions applies to specified public bodies, non-citizens, and certain registration applicants retrospectively.
Exclusion from the applicability of section 25(6B) and 25(6C) of the Telangana Goods and Services Tax Act, 2017 applies to non-citizens, Government departments or establishments, local authorities, statutory bodies, public sector undertakings, and persons applying for registration under section 25(9). The earlier notification is superseded without affecting prior actions or omissions. The exclusion operates retrospectively from 23 February 2021.

Specified person status under clause 23FE sec 10 permits pension fund tax exemption for eligible India investments subject to compliance.
Specification of 2726247 Ontario Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India until 31st March, 2030, subject to conditions including timely return filing, Form No. 10BBC certification, quarterly Form No. 10BBB reporting, segmented accounts, continued regulation under Ontario law, administration of assets to meet statutory obligations for retirement and similar plans, limitation on non-core assets, prohibition on borrowings for India investments, and restriction of day-to-day participation in investees.

Tax exemption cap for specified Covid-19 relief supplies, limiting state GST above prescribed concessional rates.
Notification exercises powers under section 11(1) of the Himachal Pradesh Goods and Services Tax Act to exempt specified Covid-19 relief goods from so much of the state tax as exceeds the rates listed in the Table, thereby capping state tax at the stated concessional rates for those tariff items. The Table prescribes concessional or nil rates for identified medical oxygen, medicines, diagnostic kits, protective and respiratory equipment, certain devices and ambulances. The concession is time limited and remains in force up to and inclusive of 30th September 2021.

State tax rate reduction for specified services temporarily imposed at a lower rate for a defined period.
The notification inserts a proviso in Notification No. 11/2017-State Tax (Rate) (Table, serial number 3, column (3), item (iv) after clause (f)) prescribing that, for a defined period, the state tax on the services described in clause (f) shall, irrespective of the rate specified in the Table, be levied at a lower specified rate.

Exemption from annual return for small taxpayers with turnover below threshold, effective for the relevant financial year.
Exempts registered persons whose aggregate turnover in the relevant financial year does not exceed two crore rupees from furnishing the annual return for that financial year; the exemption is made under the proviso to the relevant provision of the Maharashtra Goods and Services Tax Act, 2017 and takes effect from 1 August 2021.

Concessional TGST rates on specified COVID-19 relief supplies reduce state tax liabilities for listed medical goods and equipment.
The State Government, under section 11(1) of the Tripura SGST Act, prescribes concessional TGST treatment by exempting or limiting state tax on specified COVID 19 relief goods and medical equipment to the rates set out in the notification Table, mapped to tariff headings. The concession applies only to listed goods to the extent the state tax exceeds the specified rate and is time bound, remaining in force up to and inclusive of 30th September 2021.

Concessional state GST rates for specified Covid-19 medical supplies maintained until the prescribed cut-off date.
Notification prescribes concessional state tax treatment for specified Covid-19 relief goods by listing tariff headings and items with either nil or reduced state GST rates as indicated in the Table (including medical oxygen, specified medicines, testing and diagnostic kits, ventilatory and oxygenation devices, monitoring equipment, sanitizers, ambulances and crematorium furnaces). The measures, taken on Council recommendation and in public interest, are effective from 14 June 2021 and remain in force up to and inclusive of 30 September 2021.

Central tax rate alteration makes specified services subject to a reduced central tax rate for a temporary period.
Amendment inserts a proviso that, for a specified interim period, the central tax on the service described in clause (f) at serial number 3, column (3), item (iv) shall be levied at a reduced rate irrespective of the rate specified in column (4) of the Table, effected under the Tripura State Goods and Services Tax Act, 2017.

State tax rate modification: reduced rate applied to specified services for a limited period under Telangana GST.
The amendment adds a proviso to Notification No. 11/2017 - State Tax (Rate), providing that for the period beginning 14th June, 2021 and ending 30th September, 2021 the state tax on the service described in clause (f) of item (iv) at serial number 3 shall, irrespective of the rate previously specified, be levied at 2.5 per cent. The notification takes effect from 14th June, 2021 and is issued under the powers of the Telangana Goods and Services Tax Act, 2017 on the Council's recommendation.

Late fee waiver for delayed GSTR-3B filings: conditional waiver for past periods and capped fees for future delays.
Amendment revises the waiver framework for late filing of FORM GSTR-3B by substituting a Table that sets class-specific cure periods from the due date for March-May 2021 returns and certain quarterly periods. It provides that returns for July 2017-April 2021 filed between 1 June and 31 August 2021 will have late fees waived to the extent they exceed small specified thresholds, with a lower threshold where central tax payable is nil. For June 2021 onwards the amendment prescribes capped waiver amounts by class of registered persons.