Research analyst regulation updates: new part-time category, qualification and certification mandates, AI disclosure and client segregation rules.
Regulations expand definitions and create a part-time research analyst category, require specified academic/professional qualifications and ongoing NISM certification for individuals and principal officers, impose a deposit maintained under lien, mandate compliance officers for non-individuals, require client-level segregation between research and distribution at group and family levels, require disclosure and client-data responsibilities where Artificial Intelligence tools are used, and add recordkeeping, website and corroboration obligations for research recommendations.

Part-time investment adviser framework: new client limits, segregation, deposit and certification obligations with AI disclosure requirements.
Regulations introduce a part-time investment adviser category with limits on clients and obligations to segregate advisory work from other employment, require graduate minimum qualifications and continuous NISM certification for persons providing investment advice, replace networth with a bank deposit maintained under lien for dispute liabilities, create Form C for part-time registration, expand recordkeeping and website requirements, mandate appointment of a compliance officer or qualified independent professional, and impose specific responsibilities and disclosure obligations for use of Artificial Intelligence in advisory services.

Late fee waiver for GSTR-7 returns: excess late fees waived for delayed filings and for months with nil TDS.
Waives the portion of late fee under section 47 for registered persons required to deduct tax at source who fail to furnish FORM GSTR-7 for June 2021 onwards by the due date, by removing amounts exceeding a per-day threshold and an overall cap; additionally, where total State tax deducted at source for a month is nil, the entire late fee for failure to file FORM GSTR-7 by the due date is waived, effective from the stated commencement date.

Input tax credit rectification procedure allows registered persons to seek correction of past demand orders when credit is now available.
A time bound electronic procedure permits registered persons to apply for rectification of demand orders that confirmed alleged wrongful availment of input tax credit where such credit has subsequently become admissible; the authority that issued the original order shall decide the application and issue a rectified order, upload prescribed summaries in statutory forms, and observe the principles of natural justice where rectification adversely affects the applicant, with applicants required to submit a specified proforma, declarations and verification.

Waiver of interest and penalty - payment windows set for specified classes of registered persons to obtain relief.
Notifies deadline dates under sub section (1) of Section 128A of the Rajasthan GST Act for two classes of registered persons to make payment of tax so as to qualify for waiver of interest, penalty, or both: (i) those issued a notice, statement or order under the provision, subject to a prescribed calendar date; and (ii) those with notices under the recovery provision whose tax is re determined following appellate or court directions, for whom the payment window runs until six months from the re determination order.

Waiver of interest and penalty: new electronic procedure and forms enable conditional closure of GST demands under section 128A.
The Rules amend Rajasthan GST Rules, 2017 to insert and align multiple provisions with section 74A, introduce rule 47A prescribing a thirty-day invoice issuance deadline for recipient-issued invoices under section 31 clause (f), omit and substitute specified sub-rules affecting assessment and refund calculations, and add rule 164 establishing electronic procedures (FORM GST SPL-01/02 and related forms) and conditions for waiver of interest and penalty under section 128A for demands under section 73, including payment, documentation, timelines, notice/reply templates and deemed approval consequences.

Commencement of amendment provisions appointed to come into force from November first for specified sections.
The State Government, invoking sub section (3) of section 1 of the Rajasthan Goods and Services Tax (Amendment) Ordinance, 2024, appoints the 1st day of November, 2024 as the date on which the sections 2 to 5, 7 to 29, 31 to 34 and 36 of the Ordinance shall come into force by notification of the Finance Department.

Restriction on warehouse manufacturing: ban on processing imported goods to generate electricity from warehoused goods.
Notification prohibits manufacturing processes and other operations in warehouses on goods imported for solar power generation projects that supply electricity, applying only where such processes result in electricity from the warehoused goods under the Customs Act warehouse regime; the prohibition is issued under the proviso powers in the Act and takes effect on the date specified in the notification.

Notification amendment: exclusion for inter-registered supplies of metal scrap limits notification's applicability, effective retrospectively.
The amendment adds clause (d) to Notification No. 50/2018 to include registered persons receiving metal scrap (as classified in the Customs Tariff First Schedule chapters on metal products) from other registered persons, and substitutes the proviso to exclude application between specified persons while excepting the newly inserted clause (d); the amendment is effective retrospectively from 10 October 2024.

Exclusion of metal scrap suppliers from State Tax notification alters applicability and removes notification benefits for them.
The notification inserts a proviso excluding persons engaged in the supply of metal scrap, as classified in the Customs Tariff Act, from the scope of Notification No. 5/2017 State Tax, and states that this amendment is deemed to come into force from 10 October 2024.

Late fee waiver for GSTR-7 returns waives excess daily fees and provides relief where state TDS is nil.
The notification waives, for registered persons required to deduct tax at source who fail to furnish FORM GSTR-7 for June 2021 onward by the due date, the component of late fee under the Act that exceeds twenty-five rupees per day, subject to an overall waiver limit in respect of aggregate late fee amounts in excess of one thousand rupees; it further provides that where the State tax deducted at source in a month is nil the total late fee for non-filing of FORM GSTR-7 for that month shall be waived, and it is effective from 1 November 2024.

Waiver of interest and penalties: payment deadlines set for eligible registered persons to qualify for relief.
Notification prescribes deadlines for qualifying for waiver of interest and penalties under the Himachal Pradesh GST waiver mechanism: eligible registered persons with a notice, statement, or order may make payment by the date set in the Table to obtain waiver; where tax is re determined by a proper officer pursuant to appellate directions (deemed as assessment), the qualifying payment period runs until six months after issuance of that re determination order. The notification is effective from the date specified in the instrument.

Amendment to State GST rate notification: insertion addressing metal scrap supplies from unregistered persons to registered recipients.
Amendment inserts a new entry into Notification No. 4/2017-State Tax (Rate) classifying metal scrap supplied by any unregistered person to any registered person; enacted under the Himachal Pradesh Goods and Services Tax Act, 2017 and deemed to have come into force on an earlier specified date.

GST rate amendment adds oncology drugs to reduced-rate list and reclassifies extruded savoury products and seats.
Amendment to the State GST rate notification adds Trastuzumab Deruxtecan, Osimertinib and Durvalumab to the reduced-rate list; inserts an extruded or expanded savoury product classification into the mid-rate schedule and expands the description of un-fried or un-cooked snack pellets to include extruded or expanded savoury products; and restructures seat tariff entries by substituting a broader seat description and separately listing motor vehicle seats under the higher-rate schedule.

Waiver procedure under section 128A: electronic applications, payment and timelines govern interest and penalty relief.
The notification amends Bihar GST Rules to insert references to section 74A alongside sections 73 and 74, prescribes a 30 day period for recipient issued invoices under Rule 47A, requires timely filing of FORM GSTR-7 by the tenth day following the month, omits specified sub-rules affecting refund-linked ITC calculations, and introduces Rule 164 establishing electronic procedures (FORM GST SPL 01/02/03/04/05/06/07/08) for applications for waiver of interest or penalty under section 128A, with payment, documentation, notice, reply, and deemed approval timelines and related modifications to multiple forms and pre-deposit limits.

Waiver of interest and penalties: payment deadlines set to qualify for relief under Section 128A of the BGST Act.
Notifies payment deadlines for waiver of interest and penalties under Section 128A of the Bihar GST Act: registered persons with a notice, statement, or order may make payment up to 31.03.2025 to qualify for waiver; where tax is re-determined following appellate direction, payment must be made within six months from issuance of the re-determination order. Notification effective 1 November 2024.

Rectification of Input Tax Credit orders allowed where credit later becomes available, enabling administrative correction of demand notices.
Notification prescribes a special rectification procedure for registered persons to apply electronically within the specified period, using the Annexure A proforma, where orders confirming demand for wrong availment of Input Tax Credit (contravening section 16(4)) are now eligible under later sub sections; the original ordering authority shall decide and issue a rectified order within three months and upload summaries in FORM GST DRC 08 or FORM GST APL 04 as applicable, with natural justice to be observed where rectification adversely affects the applicant.

Late fee waiver for delayed GSTR-7 filings by TDS deductors restores relief for specified fee components.
Waiver of specified components of late fees is announced for registered persons required to deduct tax at source under section 51 who failed to furnish FORM GSTR-7 for June 2021 onwards; the notification waives the portion of the late fee under section 47 that exceeds a fixed daily floor, waives excess over a fixed cap, and fully waives late fee where state tax deducted in the month is nil.

Exclusion of metal scrap supplies removes earlier notification coverage for such suppliers, with the amendment taking effect in October.
The notification inserts a proviso excluding from the earlier notification any person engaged in the supply of metal scrap as classified under the Customs Tariff headings for metal scrap, thereby removing such suppliers from the notification's application; the amendment is effected under section 23(2) of the Bihar GST Act and commences in October 2024.

Supply of metal scrap now included as specified registered transaction; certain inter-registered supplies excluded under amended notification.
The notification is amended by inserting clause (d) to include registered persons receiving metal scrap under Chapters 72-81 of the Customs Tariff Act from other registered persons, and by substituting the third proviso to state that the notification does not apply to supplies between persons specified under clauses (a)-(d) of sub section (1) of Section 51 of the Act, except the person referred to in clause (d). The amendment to S.O. 238 (13.09.2018) is effective from 10 October 2024.