Derivative designation: contracts granting rights to buy or sell future goods now treated as derivatives under securities law.
The notification declares that contracts granting a right to buy or sell, or a right to both buy and sell in the future in respect of notified underlying goods, are to be treated as derivatives under the Securities Contracts (Regulation) Act, 1956, invoking the Act's definition-making power and bringing such contracts within the regulatory framework applicable to derivative instruments.

Goods notified under securities contracts regulation: specified commodity categories listed for recognition under SCRA, superseding prior notification.
The Central Government, exercising powers under the Securities Contracts (Regulation) Act and in consultation with the market regulator, notifies a Schedule of specified goods to be treated for the purposes of the Act, and supersedes the earlier 2016 notification except as to prior actions; the Schedule lists categories including agricultural commodities, oilseeds and oils, spices, metals and precious metals, energy products, forestry and fibre products, chemicals, construction materials, plantation crops, dairy and poultry products, dry fruits, services and other goods.

Export permission for onions to UAE granted via cooperative exporter under Foreign Trade rules, subject to quarterly ceiling.
The central government authorises export of onions under HS code 0703 10 19 to the UAE through National Cooperative Exports Limited (NCEL), permitting a total shipment of 14,400 metric tonnes under powers of the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Trade Policy, 2023, with a quarterly quantity ceiling of 3,600 metric tonnes.

Export permission for specified food commodities through National Cooperative Exports Limited under foreign trade law, naming destinations.
Grant of export permission for specified rice commodities through National Cooperative Exports Limited under the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Trade Policy, permitting exports of listed commodities identified by HS codes to specified destination countries in accordance with cited prior notifications.

Export permission for onions to Bangladesh through NCEL granted, subject to prescribed modalities with Department of Consumer Affairs.
Permission is granted under the Foreign Trade (Development & Regulation) Act for the export of 50,000 MT of onions (HS code 0703 10 19) to Bangladesh through National Cooperative Exports Limited (NCEL). Modalities for implementing the authorized export are to be worked out by NCEL in consultation with the Department of Consumer Affairs, combining a quantified export authorization with a delegated implementation mechanism.

Exemption from specified income granted to Karnataka Urban Water Supply and Drainage Board, subject to non-commerciality and filing conditions.
Notification under clause (46) of section 10 grants exemption to Karnataka Urban Water Supply and Drainage Board for specified income comprising establishment, administrative, supervision, water charges and rent; forfeiture of earnest money deposit; penalty, sale of scrap, storage and survey charges; and interest on bank deposits, subject to conditions that the Board shall not engage in commercial activity, activities and specified income remain unchanged across financial years, and the Board files its return of income as required.

Tax exemption for regulatory authority: specified grants, fees, RTI charges and deposit interest exempt subject to non commercial and filing conditions.
Notification under clause (46) of section 10 exempts specified incomes of the Uttar Pradesh Real Estate Regulatory Authority: government grants or loans/advances; fees and penalties under the Real Estate (Regulation and Development) Act; RTI fees; and interest on bank deposits. The exemption is conditional on the Authority not undertaking commercial activity, maintaining unchanged activities and income nature across financial years, and filing returns under clause (g) of sub-section (4C) of section 139 of the Income-tax Act.

New ITR-7 form replaces prior format for exempt entities, effective April 1, 2024, standardising detailed disclosures.
Notification No. 24/2024 substitutes a new Form ITR-7 in Appendix-II of the Income-tax Rules, 1962, effective 1 April 2024, under powers of section 139 read with section 295. The revised ITR-7 is the mandated return format for persons required to file under sections 139(4A), 139(4B), 139(4C) or 139(4D) and contains detailed Parts and Schedules for registration, corpus and investment reporting, application of funds, disclosures on governance and beneficial owners, specialized schedules for political parties, electoral trusts, voluntary contributions and foreign assets, and computation modules for exempt and taxable incomes.

Merchanting trade rules expanded to permit intra-foreign-country shipments with Indian intermediaries subject to RBI guidelines and CITES/SCOMET exceptions.
Merchanting trade is permitted where goods are shipped from one foreign country to another or within a single foreign country involving an Indian intermediary, subject to RBI guidelines, and excluding goods listed in the CITES Appendices or regulated under SCOMET.

Condonation procedure for delayed GST appeals requiring specified pre-deposit and form filing to revive appellate rights.
Notification sets a special condonation procedure for taxpayers who missed the appeal filing period or had appeals rejected as time-barred: appeals must be filed in FORM GST APL-01 by the notified deadline; appellants must pay in full the admitted liabilities and a prescribed pre-deposit of the disputed tax with a mandated minimum from the Electronic Cash Ledger; refunds of excess payments are barred until appeal disposal; appeals relating to non-tax demands are excluded; and Chapter XIII of the GST Rules applies to such appeals. The notification also specifies its retrospective operative commencement.

Notification under GST: online money gaming, other online gaming, and casino actionable claims designated as specified supplies.
The Government, under the authority of section 15(5) of the Jharkhand GST Act and on the Council's recommendation, notifies three categories of supplies for valuation treatment: supply of online money gaming; supply of online gaming other than online money gaming; and supply of actionable claims in casinos, and deems the notification effective from an earlier operative date.

Commencement of GST Amendment: provisions appointed to come into force under the Act by government notification.
The State government, by notification dated 29 February 2024, designates the 1st day of October, 2023 as the date on which the provisions of the Jharkhand Goods and Services Tax (Amendment) Act, 2023 shall come into force under sub section (2) of section 1.

Effective date amendment clarifies retroactive insertion and deeming of operative dates for Notification No.30/2023 State Tax.
Amendment inserts the words "with effect from 1st day of January 2024" into Notification No. 30/2023-State Tax, deems that insertion to have effect from 31st July 2023, and declares the notification to be effective from 25th September 2023; issued under the state GST statute and noting Gazette publication particulars.

Value of supply in online gaming defined as total consideration including virtual assets; refunds not deductible.
The amendment defines the value of supply for online gaming, including online money gaming, as the total amount paid or payable to or deposited with the supplier by way of money or money's worth, including virtual digital assets, by or on behalf of the player, with refunds not deductible. For casinos, the value of supply of actionable claims is the total amount paid or payable for purchase of tokens, chips, coins or tickets or for participation where such items are not required; refunds on return of such items are not deductible. Winnings retained and reused for further play do not count as amounts paid to the supplier.

Tariff value fixation updated for specified imported edible oils, metals and areca nut, altering customs valuation benchmarks.
Amendment substitutes revised Tables 1-3 in the principal Customs (Non Tariff) notification, fixing US dollar tariff values for specified imported goods including edible oils, brass scrap, areca nut, and setting per unit tariff values for specified forms of gold and silver; precious metal entries include form based distinctions and explanatory exclusions, and the amendment operates under section 14(2) of the Customs Act as the operative valuation schedule for customs assessment.

Public Tech Platform for Frictionless Credit enables consent-based sharing of taxpayer information via common portal under state GST provision.
The State Government notifies Public Tech Platform for Frictionless Credit as the system with which the common portal may share information based on consent under the State GST information sharing provision, defining the platform as an enterprise grade open architecture IT platform that enables digital access to diverse data sources and convergence of financial and data service providers through a standard, protocol driven open API framework.

Special Additional Excise Duty on export of diesel set to nil, effective early March under Central Excise Act amendment.
Amendment by Notification No. 09/2024-Central Excise substitutes the entry in column (4) against S. No. 2 of Notification No. 04/2022-Central Excise so that the Special Additional Excise Duty on export of diesel is stated as Rs. Nil per litre, under section 5A of the Central Excise Act read with section 147 of the Finance Act, with effect from the 1st day of March, 2024.

Special Additional Excise Duty on petroleum crude amended to a higher per tonne rate, taking effect from the notified commencement.
Amends the tariff notification to increase the Special Additional Excise Duty on production of petroleum crude by substituting the entry in column (4) against the first serial number with a revised per tonne rate, effected under powers of the Central Excise Act and the Finance Act, and taking effect from the notified commencement date.

Aadhaar authentication permission granted to a reporting entity after confirmation of Aadhaar Act privacy and security compliance.
Permission is granted to Motilal Oswal Home Finance Limited to perform Aadhaar authentication for purposes of section 11A of the Prevention of Money laundering Act, 2002, the Central Government being satisfied that the reporting entity shall comply with Aadhaar Act privacy and security standards and doing so after consultation with the Unique Identification Authority and the appropriate regulator.

Public Tech Platform for Frictionless Credit enables consent-based sharing of financial data via open API framework.
The notification designates Public Tech Platform for Frictionless Credit as the system with which information may be shared by the common portal based on consent under the Tamil Nadu Goods and Services Tax Act, and defines the platform as an enterprise grade open architecture IT platform that enables access to information from multiple digital data sources and convergence of financial service providers and data service providers using a standard, protocol driven architecture and open/shared API framework.