Limitation extension for tax recovery extends issuance deadlines for past financial years under Assam GST
The notification extends the time limit for issuance of orders to recover tax not paid or short paid and for correcting wrongly availed or utilised input tax credit for specified past financial years, partially modifying prior notifications; the extension is declared effective from a stated earlier date.

Late fee waiver for final GST return non-filers who filed within prescribed window; excess late fees are waived.
The Governor, on the Council's recommendation under section 128 of the Assam GST Act, waives the portion of late fee under section 47 that exceeds five hundred rupees for registered persons who failed to furnish the final return in FORM GSTR 10 by the due date but who submitted that return during the period from 1 April 2023 to 30 June 2023, with the waiver declared effective retrospectively from 31 March 2023.

Late fee waiver for annual GST returns: capped per-day penalties and limited amnesty for specified late filings.
The notification waives late fee for annual returns under section 44 for 2022-23 onwards by prescribing per-day capped late fees for two turnover classes and an overall cap tied to 0.02 percent of turnover; it also waives late fee in excess of ten thousand rupees for specified earlier-year returns filed between 1 April and 30 June 2023, with effect from 31 March 2023.

Deemed withdrawal of assessment orders where taxpayers file outstanding returns with interest and late fee, irrespective of appeals.
Notification deems certain assessment orders issued on or before 28 February 2023 to be withdrawn if the registered person files the outstanding return by 30 June 2023 and pays the interest liability and late fee under the Act; the benefit applies regardless of the existence or disposal of any appeal and is effective from 31 March 2023.

Extension of revocation application deadline for cancelled GST registrations requires returns filing and payment before filing.
A limited class of persons whose registration was cancelled under clause (b) or (c) of section 29 and who missed the section 30 time limit may apply for revocation within the extended period only after furnishing all returns due to the effective date of cancellation and paying tax, interest, penalty and late fees; no further extension is available.

Late fee waiver for GSTR-4 non-filers who filed delayed returns during the specified filing window, easing GST compliance.
Amendment adds a proviso waiving late fee such that amounts in excess of two hundred and fifty rupees are waived and fully waived where state tax payable is nil, for registered persons who failed to furnish FORM GSTR-4 for specified quarters and financial years by the due date but furnished those returns between April 2023 and June 2023; the notification is deemed effective from 31st March 2023.

Rescission of customs exemption for imported artworks removes prior duty-free treatment for museum exhibitions, with retrospective savings.
The Central Government, invoking powers under the Customs Act and the Customs Tariff Act and citing public interest, rescinds Notification No. 26/2011 Customs that exempted works of art imported for exhibition in public museums or national institutions, while preserving actions done or omitted before rescission and specifying the rescission's commencement.

Commencement of Goa GST amendment: specified provisions begin shortly while remaining provisions commence at a later scheduled date.
Government, exercising the power under sub section (2) of section 1, appoints commencement dates for provisions of the Goa Goods and Services Tax (Second Amendment) Act, 2024 by formal notification, implementing one provision on an earlier appointed date and the remaining provisions on a later appointed date.

GST exemption from annual return relieves registered persons below the turnover threshold from filing the annual return.
Exempts registered persons whose aggregate turnover in the financial year 2023 24 is up to two crore rupees from the requirement to file an annual return, issued by the Commissioner under the first proviso to the Delhi Goods and Services Tax Act, 2017 on the recommendations of the Council.

Appointment of Common Adjudicating Authority to centralise adjudication of specified customs show-cause notices against a named respondent.
An officer is appointed under section 4 read with section 5 of the Customs Act, 1962 to exercise the powers and discharge duties of specified adjudicating authorities for the show-cause notices listed against M/s D.K. Biopharma Pvt. Ltd. and others; the Table identifies the noticee, show-cause notice reference, the authorities whose functions are being reassigned, and the Common Adjudicating Authority; the notification takes effect on publication in the Official Gazette.

FVCI registration reform: new eligibility, certification, compliance and renewal rules govern foreign venture capital investments.
Registration to act as a foreign venture capital investor is required and must be obtained via a designated depository participant on behalf of the Board; applications must follow the specified form, documentation and fee requirements. Eligibility links residency, regulatory cooperation through IOSCO multilateral or bilateral MoUs, AML/FATF and sanctions exclusions, and fit and proper criteria. Certificates carry conditions including appointment of a domestic custodian and banking arrangements; renewals occur in multi year blocks with prescribed fees and restrictions on investment until fees are regularised. Designated depository participants and custodians have ongoing monitoring, KYC, reporting and recordkeeping duties.

GST rate adjustment: Bihar substitutes the prior rate with a lower rate, amendment effective from July.
Amendment reduces the specified GST levy rate in the referenced Bihar notification by substituting the previous expression of the rate with a lower expressed percentage, altering the tax incidence prescribed in the original instrument. The change is made under sub section (1) of section 52 of the Bihar Goods and Services Tax Act, 2017, and takes legal effect from the stated effective date, with departmental file reference provided for administrative traceability.

Exemption from annual return filing for registered persons below the prescribed aggregate turnover threshold for the specified financial year.
Exemption under the first proviso to section 44 relieves registered persons with aggregate turnover in the financial year 2023-24 up to two crore rupees from the obligation to file the annual return for that year, by notification issued by the Commissioner on Council recommendations, confining the relief to the procedural filing requirement for the specified fiscal year.

Corrigendum to Customs notification: port designations swapped, updating Mumbai and Mangalore station codes.
Corrigendum to Notification No. 57/2024 Customs (N.T.) amends the table entries by replacing line 11, column (2) "Mumbai (INBOM1)" with "Mangalore (INNML1)" and replacing line 12, column (2) "Mangalore (INNML1)" with "Mumbai (INBOM1)", leaving other provisions unchanged.

GST notification amendment reduces the applicable rate under Andhra Pradesh tax rules with effect from July 2024.
The Andhra Pradesh Government has amended the existing GST notification issued under the Andhra Pradesh Goods and Services Tax Act, 2017 by substituting the earlier rate of "half percent" with "0.25 percent". The amendment is made in exercise of the power under section 52 of the Act on the recommendation of the GST Council and applies from 10 July 2024.

Large Taxpayer Unit jurisdiction assigned for high-liability taxpayers and suppliers of specified actionable claims under GST rules.
The State is divided into eight wards for GST administration and a separate Large Taxpayer Unit (LTU) is specified with exclusive jurisdiction over taxpayers who either discharge cumulative SGST liability above the prescribed threshold in a financial year or supply services classed as Specified Actionable Claims. New registrations are assigned to ward offices; annually, within 90 days after the financial year end, qualifying taxpayers are shifted to LTU in the back-office portal, with the originating ward retaining jurisdiction until the technical transfer is effected. Taxpayers remain under LTU until a Proper Officer orders their transfer back.

Common Adjudicating Authority appointment for adjudication of a show cause notice against M/s Zenlayer Inc.
The Central Board of Indirect Taxes and Customs, exercising powers under section 4(1) read with section 3 and sections 5(1) and 5(1A) of the Customs Act, 1962, appoints the officer named in the notification to exercise the powers and discharge duties of the adjudicating officers listed in the Table for the purpose of adjudicating Show Cause Notice No.12/2023 dated 21 November 2023 issued to M/s. Zenlayer Inc. and others; the notification takes effect upon publication in the Official Gazette.

Import policy change permits import of raw and calcined petroleum coke for aluminium and other industries.
The import eligibility for raw petroleum coke (RPC) and calcined petroleum coke (CPC) under Chapter 27 of the ITC (HS) 2022 has been amended to permit imports to cater entirely to the domestic needs of the aluminium industry and other industries for processes permitted under applicable regulations, thereby broadening authorised domestic consumers under condition 06(b)(ii).

Consent-based information sharing: Public Tech Platform designated to receive data from common portal for frictionless credit access.
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 Section 158A; it defines the platform as an enterprise-grade open architecture IT platform, conceptualised by the central bank and developed by its wholly owned subsidiary to enable convergence of financial and data service providers via a standard protocol-driven architecture and an open, shared API framework. The notification is deemed effective from the 22nd day of February, 2024.

Board appointment: Secretary to the corporate ministry nominated as a securities regulator member replacing predecessor.
The Central Government, invoking powers under Section 4 (sub section 4 read with sub section 1) of the Securities and Exchange Board of India Act, 1992, amends the principal notification S.O. 195(E) by nominating Ms. Deepti Gaur Mukerjee, Secretary of the corporate ministry, as Member of the securities regulator, replacing Dr. Manoj Govil.