Long-term specified asset designation: HUDCO bonds qualify, with proceeds restricted to self sustaining infrastructure projects.
Bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) and redeemable after five years, if issued on or after 1 April 2025, are designated as a long-term specified asset under the income tax reinvestment provision; HUDCO must apply proceeds only to infrastructure projects able to service debt from project revenues without dependence on State Governments, with "infrastructure" defined by the Updated Harmonised Master List of Infrastructure sub-sectors and its amendments.

ITR B required for persons subject to search or requisition; prescribes electronic filing modes and verification of credit claims.
Rule 12AE mandates Form ITR B for returns under section 158BC following searches under section 132 or requisitions under section 132A on or after 1 September 2024, prescribes electronic filing modes (digital signature or electronic verification code) with audited entities, companies and political parties required to file by digital signature, delegates systems, security and transmission standards to the Principal Director General/Director General (Systems), and provides that tax credit claims against undisclosed block period income (other than self assessment tax) are subject to verification and satisfaction of the Assessing Officer; Form ITR B and accompanying schedules are inserted into Appendix II.

Tax exemption under section 10(46A) recognises Prayagraj Mela Pradhikaran, subject to continued qualifying purposes.
Notification designates Prayagraj Mela Pradhikaran (PAN: AAAGP1340M) as an authority for the purposes of clause (46A)(b) of section 10 of the Income-tax Act, making it eligible for exemption of specified income; the notification is effective from assessment year 2024-25 and is conditional on continued constitution under the State Act and retention of one or more purposes specified in sub-clause (a) of clause (46A).

Tax exemption under section 10(46A) notified for a regional development authority, effective subject to continuation of qualifying purposes.
Exemption under section 10(46A) is extended to the Greater Mohali Area Development Authority by central notification under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, identifying the assessee and its constitution under regional town planning statute. The exemption is effective from the stated assessment year and is conditional on the assessee continuing to be an authority under the regional planning legislation and retaining one or more qualifying purposes specified in sub-clause (a) of clause (46A).

Common Adjudicating Authority appointed to consolidate adjudication of show cause notices against M/s Aardwolf Material Handling.
The Central Board of Indirect Taxes and Customs appoints a Common Adjudicating Authority under section 4 read with section 3 and sections 5(1) and 5(1A) of the Customs Act, 1962 to exercise the powers and discharge duties of the originally named adjudicating authority for specified show cause notices issued to M/s Aardwolf Material Handling Pvt. Ltd., as identified in the notification table.

Commencement of Chhattisgarh GST Amendment: specified sections deemed in force on central notification date and 1 November commencement.
The State Government, under sub section (2) of section 1 of the Chhattisgarh Act (No. 5 of 2025), issues a notification appointing commencement dates for the Chhattisgarh Goods and Services Tax (Amendment) Act, 2024: the enforcement date of the Central Government's Notification No. 17/2024 Central Tax is deemed the commencement date for sections 6 and 34, and 1 November 2024 is appointed as the commencement date for the remaining specified sections.

Late fee waiver for excess GST annual return penalties when reconciliation statements are filed subsequently; no refund of fees paid.
Waiver of late fee is granted for registered persons required to furnish reconciliation statement in FORM GSTR-9C with the annual return in FORM GSTR-9 but who failed to do so, covering late fee in excess of that payable under section 47 up to the date of furnishing FORM GSTR-9, on condition that FORM GSTR-9C is furnished on or before 31 March 2025; no refund of late fee already paid is available.

Temporary identification number granted where person not liable to registration but required to make payment; form and filing direction follow.
A new rule 16A empowers the proper officer to grant a temporary identification number to a person not liable to registration but required to make payment, issuing an order in Part B of the substituted FORM GST REG-12 which records identity, contact, PAN, bank account details, effective date and temporary ID; the form also directs the recipient to apply for proper registration within ninety days and requires transmission of the order to the corresponding jurisdictional authority.

Excise duty increase on petrol and diesel mandates higher per litre rates, altering previous notification and effective from April eighth.
The Central Government, exercising statutory powers, amends the tariff Table of Notification No. 05/2019 by substituting the entries in column (4) for Sl. No. 1 and Sl. No. 2 with new per litre rates for petrol and diesel; the amendment is notified as No. 02/2025 Central Excise, dated 7 April 2025, and comes into force on 8 April 2025.

GST enforcement case transfers allocate adjudication to territorial officers while preserving enforcement responsibilities for specified follow-up proceedings.
GST cases investigated by Enforcement Wings are transferred to territorial proper officers for show cause notice issuance, adjudication and further action after required approval and online case transfer. Enforcement Wings retain matters where intimation is satisfactorily answered or payment is made, goods-in-movement cases, and voluntary-payment closure proceedings. Higher-value cases are transferred to the Additional Commissioner (Administration) for adjudication and rectification, while subsequent recovery, appeals and refunds return to Enforcement. Pending cases, multi-year investigations, and previously adjudicated matters are governed by specified transfer and follow-up arrangements.

GST high-value adjudication transfer requires Additional Commissioner handling, while originating officers retain recovery, appeal and refund follow-up.
GST cases requiring a show-cause notice for detected unpaid, short-paid or erroneously refunded tax, or wrongly availed or utilised input tax credit exceeding the prescribed annual threshold, must be transferred with the draft notice to the concerned Additional Commissioner for adjudication. The Additional Commissioner handles rectification, while the originating Proper Officer resumes recovery, appeals and refunds after adjudication. Pending cases, including multi-year matters meeting the threshold in any year, are transferred under the prescribed process. Voluntary pre-notice payments and already adjudicated cases remain with the investigating or Proper Officer for closure and follow-up action.

Commencement of Meghalaya GST Amendment provisions appointed; section specific commencement staggered with earlier and later effective dates.
The State Government, under subsection (2) of section 1 of the Meghalaya GST (Amendment) Act, 2024 and an issued corrigendum, appoints sectional commencement dates: one provision is made effective retrospectively and the other provisions are appointed to come into force on a later administrative date, establishing a staggered commencement scheme for the Amendment Act.

TDS exemption on National Savings Scheme withdrawals: no deduction under section 194EE for qualifying individual withdrawals.
The Central Government has specified that no deduction of tax under section 194EE shall be made on amounts referred to in clause (a) of sub section (2) of section 80CCA when withdrawn by an assessee who is an individual; the notification is effective from its publication in the Official Gazette.

Tariff amendment removes a specified import condition for non IFPD goods, altering the table entry with immediate effect.
Amendment removes Condition no. 9 for imports at S. No. 515C by substituting the entry "9" in column (6) with "-", thereby eliminating that conditional restriction for "All goods other than Interactive Flat Panel Display (IFPD)"; the change is made by Notification No. 23/2025-Customs under powers conferred by the Customs Act and the Customs Tariff Act and takes immediate effect.

Compliance Certificate for resolution plans ensures detailed procedural disclosure and certification of statutory eligibility and plan compliance under CIRP framework.
The amendment substitutes Form H with a detailed Compliance Certificate requiring the resolution professional to certify that the resolution plan complies with the Code and CIRP Regulations, that the resolution applicant has submitted the required affidavit of eligibility, and that the plan was approved by the CoC after consideration of feasibility and viability. The form mandates comprehensive disclosure of CIRP chronology, valuation metrics, admitted claims and plan value, voting particulars, details of the successful resolution applicant, implementation mechanisms, treatment of contested transactions, regulatory fee compliance, and an annexure mapping plan provisions to statutory and regulatory requirements.

Amendment to Insolvency Professional Regulations substitutes 'twelve' with 'twenty-four' in regulation 5(a), altering the stated timeframe.
The amendment regulations take effect on Gazette publication and, under the Board's Code powers, make a single textual change: in the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, clause (a) of regulation 5 substitutes the word "twelve" with the words and the mark "twenty-four". The notification cites its file reference and notes prior publication and earlier amendment history.

Fortified Rice Kernel tax rate amendment expands GST schedules and clarifies pre-packaged and labelled goods under legal metrology rules.
Amends the Assam State Tax (Rate) notification by inserting Fortified Rice Kernel (FRK) in the 2.5% schedule and also in the 9% schedule against the entry relating to Murki. It further substitutes the explanation of pre-packaged and labelled goods to clarify coverage of retail-sale commodities not exceeding 25 kg or 25 litre that are pre-packed under the Legal Metrology framework and bear the required declarations.

Retrospective amendment alters effective and deemed commencement dates for state GST procedure by government authority.
The Governor, acting under section 148 of the Assam Goods and Services Tax Act, amends the earlier Finance Department notification by inserting the words "with effect from 1st day of January 2024" after the phrase notifying a special procedure, deems that insertion to have been effective from 31st July 2023, and declares the notification to be deemed in force from 25th September 2023.

Rectification of GST demand orders for wrongly availed input tax credit now available under revised eligibility rules
Special procedure is notified under section 148 of the Assam GST Act for rectification of demand orders under section 73, section 74, section 107 or section 108 confirming wrong availment of input tax credit for contravention of section 16(4), where the credit has since become available under section 16(5) or section 16(6) and no appeal has been filed. The registered person must apply electronically within six months, and the original authority must decide the application and issue the rectified order, as far as possible, within three months.

Waiver of interest and penalty: notification sets cutoff dates permitting payment to secure waiver under Assam GST law.
Notification under the Assam GST framework notifies cutoff dates by which specified classes of registered persons may pay to obtain waiver of interest and/or penalty. One class-registered persons issued a notice, statement or order of the relevant kind-has a cutoff of 31.03.2025. The other class-persons with assessment notices where a proper officer has re-determined tax following appellate direction-has a cutoff six months from the date of the re-determination order. The notification is effective from 1st November, 2024.