Foreign tax credit filing deadlines align with assessment year and updated return submission timing.
The amendment requires that the statement in Form No. 67 and the certificate or statement supporting foreign tax credit claims be furnished on or before the end of the assessment year in which the income was offered to tax or assessed in India, where the return for that assessment year has been furnished within the prescribed time; and where the return has been furnished as an updated return, the statements and certificates relating to income included in the updated return must be furnished on or before the date on which that updated return is furnished.

Non-resident buyer exemption under TDS collection removes obligation where buyer has no permanent establishment in India.
The Central Government notifies that the provisions of sub-section (1G) of section 206C shall not apply to a buyer who is a non-resident under the Act and who does not have a permanent establishment in India, suppressing the earlier notification to that extent, with effect from the date of publication in the Official Gazette.

Refund under section 239A: new rule mandates Form 29D with agreement, documentation, and agent submission for claims.
Rule 40G prescribes that refund claims under section 239A must be made in Form No. 29D, accompanied by a copy of the agreement or other arrangement, and may be presented by the claimant or a duly authorised agent. The amendment excludes section 239A claims from the scope of rule 41's Chapter XIX reference and inserts Form No. 29D into Appendix-II, detailing applicant and deductee particulars, agreement dates and period, transaction and payment particulars, tax and challan details, explanation for non-deduction, prior similar refunds, and a declarant's verification.

Tax exemption for specified pension fund conditioned on compliance, reporting, segmented accounts, and prohibition of borrowing.
CPPIB India Private Holdings Inc. is specified as a specified person for clause (23FE) exemption for eligible investments in India, contingent on conditions including filing returns for relevant years, furnishing the prescribed compliance certificate, quarterly investment intimation, maintaining segmented accounts, remaining regulated under Canadian law, using earnings solely to meet statutory obligations and defined contributions for beneficiaries, prohibiting borrowing for Indian investments, and refraining from day to day participation in investees while retaining monitoring and director appointment rights.

Electronic filing requirement for accumulation and setting apart statements mandates Forms 9A and 10 before return due.
The amendment replaces rule 17 to require that the option to accumulate or set apart income be exercised in Form No. 9A and the corresponding statement furnished in Form No. 10 before the time allowed for filing the return; both must be submitted electronically under digital signature or electronic verification code. The Principal Director General/Director General of Income-tax (Systems) will prescribe filing procedures, data standards and electronic verification code generation and will implement security, archival and retrieval policies. Form No. 10 specifies the particulars and schedules to be provided regarding accumulation, investment, application and court interrupted application.

Export inspection requirement: rice exports to EU and specified European countries now require inspection certificates for compliance.
Exporters of rice (Basmati and Non Basmati) must obtain a Certificate of Inspection from the Export Inspection Council/Export Inspection Agency for shipments to EU Member States and the specified European countries (United Kingdom, Iceland, Liechtenstein, Norway and Switzerland); the certificate requirement for exports to the remaining European countries is made mandatory from the revised implementation date, as an amendment to Schedule 2, Chapter 10 entries at Sl. Nos. 55 and 57 of the ITC (HS) Export Policy.

Designation of Special Courts under PMLA expands Telangana courts' jurisdiction for money laundering trials and substitutes prior notification entries.
The Central Government, under section 43(1) of the Prevention of Money laundering Act, 2002 and after consultation with the Chief Justice of the High Court of Telangana, substitutes the S.No. 25 entry in the principal notification to designate specified metropolitan, special and additional special judge courts at Hyderabad as Special Courts, each vested with jurisdiction over the entire State of Telangana for trial of offences under the Act.

De-notification of SEZ land reallocates parcels for domestic tariff area industrial use under statutory SEZ powers.
The Central Government de-notifies 51.3069 hectares from the sector specific SEZ for Transport Engineering Goods at Gangaikondan, Tirunelveli, after State Government approval and Development Commissioner recommendation; the developer states the de-notified land will be used for industrial purposes and allotted to domestic tariff area units. De-notification is effected under statutory powers in the Special Economic Zones Act and Rules, yielding a revised notified SEZ area of 51.9311 hectares and identifying the de-notified parcels by survey numbers.

E invoicing threshold reduced, expanding mandatory e invoicing applicability to more taxpayers from October 1, 2022.
The notification amends the Andhra Pradesh GST Rules to reduce the turnover benchmark triggering mandatory e invoicing, substituting the earlier higher threshold with a lower one, effective 1 October 2022, thereby increasing the population of registered persons required to issue e invoices.

Specified person status for sovereign wealth fund grants tax exemption under 23FE subject to filing, audit, reporting and ownership conditions.
INQ Holding LLC is specified as the specified person for exemption under clause (23FE) for investments in India during the notified period, conditional on timely filing of returns, statutory audit with prescribed annexed report, quarterly electronic investment statements, maintenance of segmented accounts, continued ownership and control by the Government of Qatar, regulation under Qatari law, prohibition on borrowings for such investments, vesting of assets in the Government on dissolution, and restriction on day to day participation in investees.

GST notification amendment updates classification to include fly ash bricks, aggregates and blocks, changing notified entry and effective earlier date.
The notification amends Notification No. 14/2019-State Tax by substituting, at serial number 4 in the TABLE, the entry in column (3) with "Fly ash bricks; Fly ash aggregates; Fly ash blocks", altering the product classification under the notification. The amendment is made under the proviso to sub-section (1) of section 10 of the Chhattisgarh GST Act and is declared effective from the stated commencement date.

Notification amendment: substitution of listed goods to include fly ash bricks, aggregates, blocks, altering tax classification.
Amendment replaces the entry at serial number 4, column (3) of the earlier State tax notification with the listing "Fly ash bricks; Fly ash aggregates; Fly ash blocks", altering the goods classification under the notification; the amendment is deemed to have come into force from 18th July 2022 and is issued by the State Government on the Council's recommendation.

Rescission of notification withdraws a prior State Tax (Rate) notification while preserving past actions and deeming earlier effect.
The State Government, acting under the State Goods and Services Tax statute and on the Council's recommendation, rescinds Notification No. 45/2017-State Tax (Rate), while preserving actions done or omitted before rescission by a savings clause, and declares the rescission to be deemed effective from a specified earlier date.

State tax rate amendment substitutes listed goods description in prior notification and takes retrospective effect.
Amendment to the State GST rate notification replaces the entry in column (3) against Sl. No. 1 of the earlier notification, altering the listed goods previously described as "Fly ash bricks; Fly ash aggregates; Fly ash blocks". The substitution is the operative mechanism changing the taxable classification for that schedule entry and is declared to have retrospective effect from an earlier specified date.

Amendment to State GST rate notification inserts tariff entries and sets retrospective effective date.
The notification substitutes the proviso reference "serial numbers 1" with "serial numbers 1AA", re numbers S. No. 1 as S. No. 1AA and inserts new serial entries 1A-1O enumerating specified HSN headings for various edible oils, vegetable fats and preparations, and certain solid fuels and peat. The amendment is deemed effective from 18th July, 2022.

Tax rate amendment: state GST entry revised with retrospective effect changing the applicable tax rate for specified supplies.
The notification amends Notification No. 3/2017-State Tax (Rate) by substituting the entry in column (4) against S. No. 1 with 6%, effected under section 11(1) of the Goods and Services Tax Act on the recommendations of the Council, and declares the amendment to be deemed to have come into force from 18th July 2022.

Pre-packaged and labelled classification limits GST rate exemptions, revising Schedule entries and defining the term under legal metrology.
The notification amends the State GST Rate Schedule by substituting wording to exclude goods that are "pre-packaged and labelled" from prior descriptions and exemptions, alters specific product entries (including dairy, sugar and snack items), omits certain serial entries, and substitutes an Explanation clause defining "pre-packaged and labelled" by reference to the Legal Metrology Act, 2009, with the amendment effective from a date in July 2022.

GST rate amendment expands tariff entries and ties preferential treatment to pre-packaged and labelled goods.
The notification amends the State GST rate schedules by substituting and inserting tariff descriptions to limit certain preferential entries to goods that are "pre-packaged and labelled," adds new tariff entries (including dairy preparations, jaggery, snack foods, ostomy and orthopaedic appliances, maps, solar water heaters, e-waste and leather categories), omits and renumbers multiple items, inserts a new Schedule VII for additional items at a specified rate, and defines "pre-packaged and labelled" by reference to the Legal Metrology Act, 2009, with effect from 18 July 2022.

Fixation of tariff values: updated import valuation for edible oils, metals and areca nut, altering customs assessment rules.
Amendment substitutes TABLE-1, TABLE-2 and TABLE-3 in Notification No. 36/2001-Customs (N.T.) by prescribing unit tariff values in US dollars for specified edible oils, brass scrap, areca nut, and certain forms of gold and silver; values are expressed per metric tonne, per kilogram, or per ten grams according to the entry, and the amendment takes effect from the notified commencement date.

Limited purpose clearing corporation board composition requires nominee, independent and managing directors and a mandated dispute resolution mechanism.
The regulations prescribe that the governing board of a recognized limited purpose clearing corporation must include nominee directors, independent directors and a managing director, treat nominee directors as shareholder directors and independent directors as public interest directors, exclude the managing director from shareholder directors, permit a rotational issuer representative as a nominee director, require a dispute resolution mechanism for cleared transactions, mandate compliance reconciliation with central bank directions after consultation, and require Board approval sequencing and timely managing director appointment and reporting.