Input tax credit restrictions reshape GST compliance through supplier-risk statements, mandatory reversals, and conditional electronic credit ledger utilisation.
Input tax credit is made conditional on the absence of restrictions in electronically communicated credit details. An auto-generated input tax credit statement must distinguish available credit from unavailable credit based on prescribed supplier-risk indicators. Credit relating to supplier-unpaid tax must be reversed with applicable interest and may be re-availed once tax is paid. Return filing may be barred where prior returns or outward-supply details remain unfiled, subject to notified exceptions. The Government may cap the proportion of output tax liability discharged through the electronic credit ledger.

Input tax credit reversal required after prescribed period if supplier not paid; re availment allowed upon supplier payment.
These amendments, effective 1 October 2022, identify non-filing thresholds for suspension (six continuous months for monthly filers; two tax periods for quarterly filers), require reversal of input tax credit where the recipient fails to pay the supplier the invoice value plus tax within the prescribed period and payment of interest in the next GSTR-3B, permit re availment of reversed ITC upon subsequent payment to the supplier, remove references to FORM GSTR-2 and FORM GSTR-3 and omit several rules and forms to streamline GST reporting and refund references.

Interest on wrongly availed input tax credit is calculated from utilisation until reversal or tax payment.
Interest on wrongly availed input tax credit is to be calculated on the wrongly availed amount from the date it is treated as utilised until reversal or payment; utilisation occurs when the electronic credit ledger balance falls below the wrongly availed amount, with the date of utilisation being the earlier of the return due date or filing date if due to return payment, or the date of debit in the electronic credit ledger in other cases.

Project imports exemption scope narrowed to exclude solar projects; Bhopal and Indore metro projects added under exemptions.
The amendment revises the Project Imports Regulations, 1986 to exclude solar power plants and solar power projects from the "All Power Plants and Transmission Projects" classification and related entries, and inserts two new Table entries for the Bhopal Metro Rail Project and Indore Metro Rail Project with the designated Managing Director, Madhya Pradesh Metro Rail Corporation Limited; the regulations are titled and commence the day after notification.

Anti-dumping duty on electrogalvanized steel imposed to address dumped imports causing material injury to domestic industry.
Imposition of anti-dumping duty on Electrogalvanized steel from Korea RP, Japan and Singapore after designated authority findings of below-normal-value exports causing material injury to domestic industry; notification defines product scope and exclusions, lists country- and producer-specific duty rates (including nil rates for certain producers), addresses imports via other countries and alternative HS codes, specifies exchange rate determination for duty calculation, and makes the duty payable in Indian currency for a five-year period unless earlier amended.

Tax exemption for regulatory commission: grants, license and petition fees plus related interest exempt if non commercial and returns filed.
Notification under clause (46) of section 10 designates Kerala State Electricity Regulatory Commission eligible for exemption for specified income consisting of grants and loans from the State Government, license fees under the Electricity Act, petition fees under the Electricity Act, and interest earned on investments of those receipts; exemption is subject to conditions that the Commission shall not engage in commercial activity, the nature of activities and specified income remain unchanged, and returns of income are filed as required by clause (g) of sub section (4C) of section 139.

Tax exemption for specified incomes: HP Electricity Regulatory Commission exempted subject to non-commerciality and filing conditions.
Notification exempts specified incomes of H P Electricity Regulatory Commission-government grants, licence fees from electricity licensees, court or petition fees, and interest on investments of those receipts-subject to conditions that the Commission not engage in commercial activity, maintain unchanged activities and income character across the notified financial years, and file its return of income as required by the relevant return-filing provision.

Input tax credit reversal rules updated: non-payment to supplier triggers reversal with re availment upon subsequent payment.
The amendment adds non-filing of returns (six continuous months for monthly filers; two tax periods for quarterly filers) as grounds in rule 21, requires reversal of input tax credit (with interest) in FORM GSTR-3B where invoice value and tax are not paid to the supplier within the prescribed period with re availment permitted on subsequent payment, removes references to FORM GSTR-2 and other obsolete forms, substitutes select terminology, and omits several redundant rules and clauses to align filing and reporting procedures.

Exemption from e-way bill: permitted intra-state road testing of manufacturer vehicles subject to bond, delivery challan and reporting.
Exemption from e-way bill is permitted for Tvl. Mahindra and Mahindra Ltd for intra-state road testing of its motor vehicles, conditional on execution of a bond covering vehicle values, use of triplicate delivery challans with consecutive serial numbers and identifying vehicle details, pre authentication and notification to the jurisdictional officer, submission of duplicate challans with accounts, carriage of prescribed trade plates, maintenance of dispatch/return records, monthly reporting to authorities, and furnishing any additional information as required.

E-invoicing threshold under GST lowered to ten crore rupees through amendment to the existing notification.
The turnover threshold for the electronic invoicing requirement under the Uttarakhand Goods and Services Tax Rules, 2017 is amended by substituting ten crore rupees for the earlier limit of twenty crore rupees in the relevant notification. The amendment is made under rule 48(4), on the recommendation of the Council, and is stated to operate from 1 October 2022.

Registration suspension revocation upon furnishing pending returns restores registration status and clarifies GST compliance consequences.
The amendment deems registration suspended under rule 21A(4) revoked when all pending returns are furnished unless already cancelled; includes Duty Credit Scrip value in supply valuation; requires a declaration where taxpayers exceed turnover thresholds yet claim exemption from rule 48(4) invoice requirements; mandates re crediting of erroneously deposited refunds to the electronic credit ledger by order in FORM GST PMT-03A; authorises UPI and IMPS payment modes and on portal transfers of cash ledger amounts to distinct persons on same PAN in FORM GST PMT-09, subject to no unpaid liabilities; prescribes interest computation rules for delayed tax payments and wrongly availed ITC under deemed rule 88B; and updates multiple GST return and payment forms, including GSTR-3B, GSTR-9, GSTR-9C and refund forms, with specific provisions for export of electricity refunds and reporting for financial year 2021-22.

Goods and Services Tax classification updated for transport and clinical services; new rates and input tax credit limits apply.
The notification reclassifies and re-rates specified passenger and goods transport services including ropeway transport, prescribes lower rates for certain categories, and denies input tax credit on goods and services used in supplying those services. It establishes an annual, irrevocable option mechanism for Goods Transport Agencies to pay GST under forward charge via Annexure V, and adds taxable entries for certain clinical establishment room charges and biomedical waste treatment services, with accompanying definitions.

Amendment to GST notification: substitution of fly ash product descriptions alters classification under state GST.
Under the proviso to sub-section (1) of section 10 of the Telangana GST Act, the State Government, on the Council's recommendation, substitutes the entry in column (3) against serial number 4 in the referenced notification with "Fly ash bricks; Fly ash aggregates; Fly ash blocks", effecting a reclassification in the notification table; the amendment is published in the Extraordinary Gazette and takes effect from the stated commencement date.

GST amendment: inclusion of fly ash bricks, fly ash aggregates and fly ash blocks in the notified goods list.
Amendment substitutes the entry at serial number 4, column (3) of the Table in G.O.Ms.No.103 (Dt.04-09-2019) with "Fly ash bricks; Fly ash aggregates; Fly ash blocks." The amendment is made under sub-section (2) of section 23 of the Telangana Goods and Services Tax Act, 2017 and takes effect from 18th July, 2022.

Special Additional Excise Duty on diesel increased, amending the excise notification and raising the applicable duty rate.
Amendment increases the Special Additional Excise Duty on Diesel by substituting the previous entry in the Table of Notification No. 04/2022-Central Excise with a revised per litre duty; the Central Government exercised powers under the Central Excise Act and the Finance Act and brought the change into force the day following notification.

Special Additional Excise Duty amended for petroleum crude and ATF, establishing revised rate structure and coming into force mid-October.
Government amends the principal Central Excise notification to substitute new entries in the Table: replacing the rate for production of petroleum crude (S. No. 1) with a revised per tonne duty and replacing the rate for export of Aviation Turbine Fuel (S. No. 2) with a revised per litre duty, effected under statutory tax powers and specifying the date the revisions come into force.

Input tax credit compliance tightened as Assam GST amendments revise filing, refund and electronic credit ledger rules.
The Assam Goods and Services Tax (Amendment) Act, 2022 revises the Assam GST framework on input tax credit, outward supply reporting, return filing, refunds and related compliance. It substitutes the rules on communication of inward supplies and credit, omits the earlier matching provisions, and prescribes revised conditions, restrictions and deadlines, including the 30 November cut-off in place of September-linked dates. The amendment also updates interest on wrongly availed and utilised credit, electronic credit ledger usage, late fee provisions and refund limitation periods.

Tariff value fixation updated for imported commodities, revising US dollar baseline values for oils, metals and areca nut.
The notification amends the customs tariff schedule by substituting three tables to fix tariff values in US dollars for specified imported goods, including edible oils (various palm and soybean oil entries), brass scrap, areca nuts, and defined forms of gold and silver, and provides explanatory qualifications for certain precious metal entries; the amendment is effected under section 14(2) of the Customs Act, 1962 and specifies an effective date for the new values.

Wheat flour export rules updated: limited exports allowed under Advance Authorisation, EOUs, SEZs and 180-day export deadline.
Export of Wheat Flour (Atta) under HS code 1101 is permitted only against Advance Authorisation and by EOUs and SEZ units, solely from imported wheat; domestic wheat procurement for export is prohibited. EOUs/SEZs must pre-import wheat, export resultant flour within 180 days, comply with actual user conditions, forbid transfer of imported raw material including job work, export entire milling output except approved wastage, and produce the imported wheat Bill of Entry at export clearance. A separate Export Authorisation will permit a capped quantity under notified modalities.

Specified Person status for sovereign wealth fund enables tax exemption for qualifying Indian investments subject to compliance.
Specification of the sovereign wealth fund Norges Bank On Account Of The Government Pension Fund Global as a specified person for exemption under the income-tax exemption clause for income from investments in India made on or after publication and on or before the thirty-first day of March two thousand thirty, subject to conditions: timely return filing, statutory audit with prescribed audit report, quarterly electronic reporting, maintenance of segmented accounts, continued ownership and control by the Government of Norway, regulation under Norwegian law, earnings credited to government-designated account, prohibition on borrowings for investment in India, asset vesting in the Government on dissolution, and no day-to-day participation in investees.