GST rate schedules amended for jaggery and pencil sharpeners, including revised classification and exclusion entries.
The Uttar Pradesh Goods and Services Tax rate notification amends Schedule I to cover jaggery of all types, including cane jaggery, palmyra jaggery, pre-packaged and labelled khandsari sugar, and pre-packaged and labelled rab. It also inserts pencil sharpeners in Schedule II at 6% and excludes pencil sharpeners from Schedule III at 9%, with effect from 1 March 2023.

GST notification amendment expands the referenced institutions to include Courts and Tribunals under the Uttar Pradesh SGST framework.
Amends the Uttar Pradesh SGST notification by substituting the words "and State Legislatures" in clause (h) of the Explanation with ", State Legislatures, Courts and Tribunals," thereby extending the reference to include Courts and Tribunals. The amendment is effective from 1 March 2023.

GST exemption clarification treats entrance exam bodies as educational institutions for limited service purposes.
The notification amends the Uttar Pradesh GST exemption framework by clarifying that authorities, boards or bodies set up by the Central or State Government, including the National Testing Agency, are treated as educational institutions only for the limited purpose of services by way of conducting entrance examinations for admission to educational institutions. The amendment operates by inserting a new explanatory clause in paragraph 3 and takes effect from 1 March 2023.

Faceless Assessment proceedings: amendment omits specified schedule entry, enabling units to exercise AO powers concurrently.
The Central Board of Direct Taxes, under section 120 of the Income-tax Act, issues Notification No.10/2023 amending Notification No.61/2022 by omitting Sl. No.3298 and the entries relating thereto from the SCHEDULE; the amendment takes effect from the date of publication in the Official Gazette.

GST schedule amendment: inclusion of Rab not pre-packaged or labelled alters its classification under Haryana GST.
The Government inserted "Rab, other than pre-packaged and labelled" as item (iii) against serial number 94 in column 3 of the Schedule to Notification No.36/ST-2 (30th June, 2017), thereby modifying the commodity classification under the Haryana GST framework; the amendment is effected by Notification No. 09/GST-2 dated 1st March, 2023 and comes into force from that date.

Tax exemption under section 10(46): specified receipts of the notified board exempt, subject to non-commercial and filing conditions.
Notification designates the Insolvency and Bankruptcy Board of India as a notified Board and exempts its specified income-grants-in-aid from the Central Government, fees and fines under the Insolvency and Bankruptcy Code, and interest on those receipts-subject to conditions that the Board shall not engage in commercial activity, the nature of those receipts remains unchanged across the prescribed financial years, and the Board files its income-tax return in accordance with the applicable return-filing provision.

GST rate amendment reclassifies jaggery and pencil sharpeners, moving pencil sharpeners to a lower tax bracket.
Amendment revises Schedules I-III of the Haryana GST notification: it substitutes the 91A entry to include jaggery, khandsari sugar and Rab when pre-packaged and labelled; inserts HS 8214 as a new Schedule II entry listing pencil sharpeners; and adds an exclusion for pencil sharpeners to the Schedule III entry at serial 302A, with the notification effective from the instrument's operative date.

Inclusion of adjudicatory bodies in GST Explanation clause expands regulatory coverage and alters persons subject to notification.
The Explanation to notification No. 48/ST-2 (30 June 2017) is amended by substituting, in clause (h), the words "and State Legislatures" with the signs and words ", State Legislatures, Courts and Tribunals", thereby expressly including Courts and Tribunals in the clause; the amendment is effected under sub section (3) of section 9 of the Haryana GST Act and comes into force from 1st March, 2023.

Educational institution status clarified for agencies conducting entrance exams, classifying their examination services as educational services under GST.
The notification inserts a clarificatory clause treating any Central or State Government authority, board or body, including the National Testing Agency, as an educational institution solely for the purpose of providing services by way of conducting entrance examinations for admission to educational institutions.

Inclusion of rab not pre-packaged or labelled in state GST rate schedule, effective from the notified commencement date.
An amendment inserts Rab, other than pre-packaged and labelled into the Schedule against S. No. 94, column (3) of Notification No. 2/2017-State Tax (Rate), effected by the State government on recommendation of the GST Council and coming into force on 1st March 2023.

GST Rate Amendment: Jaggery expressly classified and pencil sharpeners newly rate classified, effective March first.
Amendment modifies Gujarat State Tax (Rate) Notification No.1/2017 to (a) substitute the Schedule I description for Sl. No. 91A to expressly list types of jaggery and pre packaged labelled sugars, and (b) insert pencil sharpeners into Schedule II while adding an exclusion for pencil sharpeners in Schedule III Sl. No. 302A, thereby reclassifying these goods for distinct GST rate treatment, effective 1 March 2023.

Inclusion of Courts and Tribunals in taxable entities expands the state GST notification's scope under amendment.
Amendment to the State Tax (Rate) notification substitutes the words ", State Legislatures, Courts and Tribunals" in clause (h) of the Explanation to Notification No. 13/2017 State Tax (Rate), expressly adding Courts and Tribunals to the enumerated entities under the empowering provision of sub section (3) of section 9 of the Gujarat GST Act.

Classification of exam-conducting authorities as educational institution clarifies taxable service treatment for entrance examinations under GST.
The amendment clarifies that any authority, board or body set up by the Central Government or State Government for conduct of entrance examinations for admission to educational institutions shall be treated as an educational institution for the limited purpose of providing services by way of conduct of entrance examinations.

GST schedule amendment: adds 'Rab' excluding pre-packaged and labelled items, changing taxable classification and compliance
The Government amends the GST Schedule entry at S. No. 94 by inserting the item "Rab, other than pre-packaged and labelled" into Column (3) after item (ii). The amendment, made under the statutory powers conferred by the GST Act, modifies the Schedule of the earlier notification and becomes effective on the first day of March, 2023, creating a classificatory distinction between unpackaged Rab and pre-packaged, labelled Rab for tax and compliance purposes.

GST classification updated: pencil sharpeners reclassified to a lower-rated schedule and excluded from a higher-rated schedule.
Amendment revises GST product classifications: it replaces the jaggery entry to include all types and pre-packaged labelled khandsari sugar and rab; inserts a new entry for pencil sharpeners in the intermediate-rated schedule (HS heading specified); and inserts an explicit exclusion of pencil sharpeners from the higher-rated schedule entry. The changes are effected under the Karnataka GST Act powers and come into force on the notified commencement date.

Tax notification amendment adds judicial bodies and tribunals to covered recipients, taking effect from March first.
The State GST notification amends the Explanation to clause (h) by substituting the words "and State Legislatures" with ", State Legislatures, Courts and Tribunals", thereby expressly including Courts and Tribunals within the enumerated category; the amendment is issued under the executive power conferred by sub-section (3) of section 9 of the State GST Act on the Council's recommendation and takes effect from 1 March 2023.

Classification of exam conducting agencies as educational institutions clarified, enabling GST treatment for entrance examination services.
The amendment clarifies that any authority, board or body set up by the Central or State Government, including the National Testing Agency, shall be treated as an educational institution for the limited purpose of providing services by way of conduct of entrance examinations for admission to educational institutions.

Reward for informants enabled from investor protection fund to incentivise original information leading to recoveries.
Regulation 5 is amended to allow payments from the Investor Protection and Education Fund as rewards to informants who provide original information that leads to recovery of amounts directed to be disgorged, with such rewards to be granted and paid under guidelines issued by the Board; the Fund's utilisation provisions are revised to permit use for restitution or reward linked to recoveries.

Governance reforms for depositories strengthen board composition, segregation of functions, and introduce enforcement and data sharing obligations.
Amendments expand the definition of key management personnel, replace "shareholder directors" with non-independent directors, and strengthen board composition by requiring collective expertise across capital markets, finance and accountancy, legal and regulatory practice, technology and risk management, including at least one public interest director with specified expertise. Functionally, depositories must segregate operations into Critical Operations, Regulatory/Compliance/Risk Management and Other Functions, adopt a "Chinese Wall" policy, appoint a chief risk officer, implement an Information and Data Sharing Policy, and adopt a unified Code of Conduct covering board members and key management. The Board's enforcement powers, disclosure, evaluation and nomination processes are correspondingly enhanced.

Corporate governance reforms mandate expanded codes of conduct, board composition standards and strengthened risk and compliance obligations.
The amendment broadens the definition of key management personnel, introduces a mandatory Code of Conduct for exchanges and clearing corporations and for their governing boards and key personnel, prescribes board composition and qualifications including public interest directors, requires segregation of functions into critical, regulatory and other verticals with a Chinese Wall policy, mandates appointment of a chief risk officer and grievance redressal panels, prescribes data sharing and disclosure frameworks, sets compensation norms with deferred variable pay and clawback, and expands the Board's enforcement and relaxation powers.