Appointment to Advance Ruling body: member substituted, replacing one Joint Commissioner with another on the GST panel.
The Government amends the constituting notification for the Kerala Authority for Advance Ruling to substitute the member named in Serial No.2, replacing Shri. Abdul Latheef K, Joint Commissioner (Audit), Thrissur, with Shri. Mansur M I, Joint Commissioner (Audit), Kottayam, thereby appointing Shri. Mansur M I as a member in place of Shri. Abdul Latheef K under the statutory powers referenced.

De-notification of SEZ land reduces zone area after statutory approvals and state concurrence and development commissioner recommendation.
Central Government de-notifies a portion of the Special Economic Zone at Nanakramguda Village, Telangana, under the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006, following a proposal by M/s. Phoenix Tech Zone Private Limited, recommendation by the Development Commissioner, and State Government concurrence; the de-notified parcels will be used for infrastructure aligned with the SEZ's objectives and State land use guidelines, and the notification records the survey numbers and resultant revised area.

Common Adjudicating Authority centralizes adjudication of specified show cause notices against HD Hyundai Construction Equipment India Pvt. Ltd.
An officer is appointed as Common Adjudicating Authority to exercise the powers and duties of the originally named proper officers for specific show cause notices issued against M/s HD Hyundai Construction Equipment India Pvt. Ltd., consolidating adjudication and finalization of provisional assessment under the Customs Act.

Import policy extension for Yellow Peas: duty free entry without MIP, subject to online registration and B/L condition.
Import of Yellow Peas under ITC(HS) Code 07131010 is Free without Minimum Import Price and without port restriction, subject to registration under the online Import Monitoring System, and applies to consignments with the Bill of Lading (Shipped on Board) issued on or before the extended cut off; all other terms of earlier notifications remain unchanged.

SGST reimbursement framework expands for eligible units with revised definitions, policy-linked applicability, and longer mega project incentives.
The amendment scheme revises the principal SGST reimbursement framework for eligible units in Assam by aligning the definition of industrial categories with the extant Industrial and Investment Policy of Assam, 2019, and by providing that changes in that policy apply mutatis mutandis to the reimbursement scheme. It also extends the reimbursement period for eligible mega project units to 15 years, subject to a maximum of 100% of fixed capital investment, and preserves 100% SGST reimbursement for qualifying intra-State supplies after utilisation of available input tax credit, subject to the prescribed ceiling and time limit.

Account Aggregator designation enables consent-based sharing of GST portal information with regulated account aggregation systems.
Notification designates Account Aggregator as an approved system to receive information from the GST common portal based on taxpayer consent, defining the term by reference to its status as a non-financial banking company operating under applicable regulatory directions and specifying the commencement date for such consent-based data sharing.

Effective-date substitution under Delhi GST special procedure changes the relevant date and applies from the specified commencement date.
Delhi Goods and Services Tax special-procedure framework is amended under section 148 by substituting, in paragraph 4, the reference to 1 April 2024 with 15 May 2024. The substituted date applies with effect from 1 April 2024, giving the amendment retrospective commencement from that date.

Telescopic Channel Drawer Slider imports from China PR face definitive anti-dumping duties for five years, with specified producer rates.
Imposition of anti-dumping duty on Telescopic Channel Drawer Slider imported from China PR for five years from 27 June 2024, following findings that exports were dumped, caused material injury to domestic industry, and warranted definitive duties. The notification lists tariff classifications, product scope exclusions, named Chinese producers with NIL duties, and prescribes a per-metric-tonne USD duty for other producers; duty payable in Indian currency with exchange-rate rules as per the Customs Act.

TDS exemption on payments to Credit Guarantee Fund Trust for Micro and Small Enterprises; no income-tax deduction at source.
No deduction of income-tax at source is prescribed for specified payments received by the Credit Guarantee Fund Trust for Micro and Small Enterprises; the Central Government notifies that payments to the Trust that fall within the clause conferring exempt status are not subject to withholding, and the notification takes effect upon publication in the Official Gazette.

Specialized Investment Fund rules permit mutual funds to launch dedicated strategies with investor eligibility, limits and disclosures.
The amendments create a Specialized Investment Fund framework permitting registered mutual funds to establish SIFs with multiple investment strategies, set investor eligibility (including a minimum investment threshold with an accredited investor exemption), prescribe manager certification, apply mutual fund scheme provisions unless otherwise specified, and impose issuer, NAV and group exposure limits. Separately, a Mutual Fund Lite regime is established for passive schemes with tailored eligibility, trustee independence, networth and governance requirements, concentration and related-party transaction limits, disclosure and valuation obligations, and specified operational and reporting duties for AMCs and trustees.

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.