Tax exemption under clause 10(46A) extends to Karnataka Electricity Regulatory Commission subject to ongoing statutory conditions.
The Karnataka Electricity Regulatory Commission is notified as an exempt entity under the Income-tax Act's exemption clause, effective from the assessment year 2025-26, conditional on its continued constitution under the Electricity Act and performance of one or more purposes specified in the exemption clause.

Exemption under section 10(46) for notified educational board's specified income, subject to non-commercial and filing conditions.
Notification under clause (46) of section 10 of the Income-tax Act exempts specified income of the notified educational board, namely state grants, fees/charges under its Act, receipts from sale of books and educational material, and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and income during the year, and filing return as per clause (g) of sub-section (4C) of section 139; the notification is deemed to apply to assessment years 2020-2021 to 2023-2024.

Exemption under Section 10(46): specified income of Treasurer Charitable Endowments, Haryana exempted subject to compliance conditions.
Notification designates Treasurer Charitable Endowments, Haryana as an authority whose specified income is exempt under clause (46) of section 10. The specified exempt income comprises grants from the Central Government or the State Government of Haryana for the National Workers Relief Fund and interest on bank deposits. The exemption is subject to conditions: no engagement in commercial activity, unchanged activities and specified income across financial years, and filing returns under clause (g) of sub-section (4C) of section 139; the notification applies retrospectively to specified assessment years.

Exemption of specified income granted to a state real estate regulatory authority, subject to non commerciality and filing conditions.
Notification under clause (46) of section 10 exempts specified income of Haryana Real Estate Regulatory Authority, Gurugram: government grants/loans, fees and penalties under the Real Estate (Regulation and Development) Act, and interest on those receipts. The exemption is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and nature of specified income, and filing returns as required by clause (g) of sub section (4C) of section 139 of the Income tax Act; the notification is made retrospective for certain earlier financial years.

Jammu and Kashmir GST Amendment sections brought into force on specified dates across 2019-2025, detailing effective dates.
The Finance Department notification declares that specified sections of the Jammu and Kashmir Goods and Services Tax (Amendment) Act, 2025 are deemed to have come into force on distinct dates ranging from October 2019 to April 2025, providing a sectional commencement schedule that brings various operative GST provisions into effect in a phased manner.

Exclusion from tax rate entries: body corporates and composition opting registered persons removed from specified GST entries.
The notification amends Notification No. 13/2017 Tax (Rate) by inserting exclusions in the Table: against serial number 4, inserting "other than a body corporate" after "Any person"; and against serial number 5AB, inserting "other than a person who has opted to pay tax under composition levy" after "Any registered person"; the amendment is made under section 9(3) of the Jammu and Kashmir GST Act and is effective from 16 January 2025.

Specified premises definition redefined to mirror prior notification, altering its legal scope and effective from April 2025.
The amendment substitutes item (c) in the Explanation to notification 17/2017 Tax (Rate) so that "specified premises" has the meaning assigned in clause (xxxvi) of paragraph 4 of notification 11/2017 Tax (Rate), and declares that this substitution shall come into force from the first day of April, 2025.

GST amendment: wording changed to "transmission or distribution" and motor vehicle accident fund insurance services zero rated.
The amendment replaces "transmission and distribution" with "transmission or distribution" in a tariff entry, adds a zero rated entry for services of the Motor Vehicle Accident Fund funded by insurers' contributions from third party premiums, inserts a training partner approved by the National Skill Development Corporation into a specified list, defines "insurer" by reference to the Insurance Act, and omits an existing item with specified retrospective effect; the changes are made under designated provisions of the territorial GST Act and include a commencement clause.

Specified premises designation enables suppliers of hotel accommodation to opt in or opt out, creating binding declaration requirements.
Amendment revises the definition of specified premises for suppliers of hotel accommodation, making a premises specified if prior year supplies exceed the per unit threshold, or if the supplier or new registrant files the prescribed declaration within the stipulated filing windows. It inserts Annexures VII-IX establishing an opt in declaration for registered persons, an opt in declaration for applicants, and an opt out declaration for registered suppliers; each declaration applies for the stated financial year and continues unless superseded by a subsequent declaration.

GST rate change for specified supply increases notified rate, altering table entry and taking retrospective effect.
The notification amends SRO GST No.36(Rate) by substituting the rate entry for S. No. 4 in the TABLE from 6% to 9%, under powers conferred by sub section (1) of section 11 of the Jammu and Kashmir Goods and Services Act, 2017, on the Council's recommendation; the amendment is deemed effective from 16th January 2025 and issued by the Finance Department.

Tax classification updated: Fortified Rice Kernel added to GST rate schedules and pre packaging definition clarified.
FRK is added to the Jammu and Kashmir GST rate schedules: inserted as a new entry under the lower rate schedule and included in the description of an existing item in the higher rate schedule. The Explanation for "pre-packaged and labelled" is replaced to cover retail commodities not exceeding 25 kg or 25 litre that are "pre-packed" under the Legal Metrology Act, with required package or label declarations under that Act.

GST late fee waiver for annual returns where GSTR-9C is filed by March 31, 2025; no refunds paid.
Waiver of late fee excess for registered persons required to file FORM GSTR-9C with FORM GSTR-9 who failed to file it with the annual return but furnished FORM GSTR-9C on or before 31 March 2025; no refund of late fee already paid; notification effective from 23 January 2024 under executive waiver authority.

GST temporary identification numbers introduced for non-registrants required to make payments, with amended FORM GST REG-12.
The amendment creates rule 16A authorising the proper officer to grant a temporary identification number to persons not liable for registration but required to make payments, with the order recorded in Part B of FORM GST REG-12; the substituted FORM GST REG-12 provides Part A for temporary registration and Part B for temporary identification, collecting identifying details and optional bank account information.

GST notification amendment adds food inputs for fortified rice kernel supplies under ICDS, creating retrospective applicability.
The notification amends SRO- GST-Rate-21 by inserting "(c) food inputs for (a) above" in column 3 against S.No.1 after the existing reference to fortified rice kernel (premix) supply for ICDS or similar schemes, expanding the listed supplies. It is issued under section 9(1) of the Jammu and Kashmir GST Act and is declared to have retrospective effect from 16th January 2025.

Gene therapy added to GST Schedule, and 'pre-packaged and labelled' redefined for retail commodities under legal metrology.
The notification inserts Gene Therapy as a new entry in the GST Schedule and substitutes the Explanation to define "pre-packaged and labelled" as commodities intended for retail sale containing not more than 25 kg or 25 litres that are "pre-packed" under the Legal Metrology Act, 2009, where the package or an affixed label must carry the prescribed declarations under that Act and its rules.

Tariff value fixation updated for edible oils, metals and areca nuts, imposing new customs valuation from the notified date.
The Central Board of Indirect Taxes & Customs amends the principal customs notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix specific tariff values in US dollars for listed imports, including categories of edible oils, brass scrap, areca nuts, and specified forms of gold and silver, with detailed product descriptions and applicability conditions. The notification is effective from the date stated therein and serves as the operative schedule for customs valuation of those commodities.

Zero coupon bond designation clarifies tax status for specified NABARD bond, setting issue schedule and maturity terms.
The notification specifies a zero coupon bond issued by The National Bank for Agriculture and Rural Development, fixing its tenor at ten years eleven months thirteen days, requiring issuance on or before the stated March deadline in 2027, and recording the aggregate maturity amount, aggregate discount and total number of bonds, thereby operationalising the instrument's tax characterisation under the Income tax Act and relevant rules.

Bonus share issuance to non-resident shareholders allowed despite FDI prohibition, subject to unchanged shareholding pattern.
An amendment permits Indian companies in sectors closed to foreign direct investment to issue bonus shares to pre-existing non-resident shareholders provided such issuance does not change those shareholders' proportionate shareholding; bonus shares issued before commencement are deemed to have been issued in conformity with the then-applicable foreign exchange regulations.

Tariff value fixation updated for edible oils, metals and areca nut, affecting customs valuation and import assessment.
Amendment substitutes new TABLE 1, TABLE 2 and TABLE 3 in the principal customs notification under sub section (2) of section 14 of the Customs Act, 1962, fixing tariff values (in US dollars) for specified edible oils, brass scrap, areca nut and for defined forms of gold and silver for use in customs valuation; explanatory notes delimit included and excluded forms and the notification takes effect from the stated effective date.

Common Adjudicating Authority appointed to finalise provisional customs assessment and centralise adjudication for M/s Bando India.
Appointment under the Customs Act, 1962 of a Common Adjudicating Authority to finalize provisional assessment and centralise adjudication of specified show cause notices issued to M/s Bando (India) Pvt. Ltd.; the notification names the notices, the original adjudicating authorities, and the officer appointed to exercise their powers and duties for those proceedings.