SEZ notification amendment corrects village name in de notification table for an IT/ITES SEZ in Maharashtra.
The Central Government amends the Ministry of Commerce and Industry notification S.O. 356(E) for a sector specific IT/ITES SEZ by M/s. Persipina Developers Pvt. Ltd., specifying that in the table for De notification area for Sl. Nos. 4 to 15 the village name recorded as Telangaon shall be read as Bhokharpada.

Import restriction on biofuels now requires import licence, removing prior free import allowance for actual users.
The amendment removes the policy condition permitting free import of specified biofuel items by actual users and confirms those items remain restricted. Consequently, imports of the listed biofuels, including denatured ethyl alcohol, petroleum oils containing biodiesel, and biodiesel mixtures, will require an import licence issued under the Foreign Trade Policy, replacing the prior actual user allowance.

Tax exemption notification: Tamil Nadu Real Estate Regulatory Authority added to central list under section 10 clause of Income tax Act.
Central Government notifies the Tamil Nadu Real Estate Regulatory Authority for the purposes of clause (46) of section 10 of the Income tax Act and amends S.O. 553(E) dated 30.01.2019 by inserting the Authority's name and PAN (AAAGT0438E) in the schedule, thereby including the Authority in the central list under that clause.

Notification of specified income exemption: AICTE's listed receipts are recognised subject to noncommercial and filing conditions.
Notification designates All India Council for Technical Education as recipient of specified income for tax purposes, listing covered receipts: government grants and subsidies; regulatory charges; RTI and examination fees; specific entrance examination fees; receipts from sale of forms, materials and tender fee; disposal of scrap; and interest on those receipts. Application is subject to conditions that the council shall not engage in commercial activity, that activities and the nature of specified income remain unchanged across the relevant financial years, and that the council files its income-tax return as required by the statutory return-filing provision.

Date amendment to Service Tax notification replaces an earlier February date with a March date.
Corrigendum to Notification No. 1/2019-Service Tax (dated 6 March 2019) directs that the words "29th day of February," in the published notification be read as "31st day of March," thereby effecting a textual date substitution in the Gazette entry.

Meeting procedure: quorum and voting rules govern Authority decisions, with minutes, conflict disclosure, and circulation resolutions required.
The rules set meeting governance for the Authority: the chairperson fixes agenda and logistics; the Secretary and authorised officers attend; absent chair is replaced by the senior-most full-time member; members may join by video conferencing and transact business by circulated resolution subject to ratification. Decisions are by majority with a casting vote for the chairperson or presiding member; quorum requires four members including at least one full-time member. Minutes must be drafted, circulated, confirmed and signed. Members must disclose pecuniary interests and refrain from related deliberations.

Prospectus filing obligations: unlisted public companies must file Form PAS-6 certified and report dematerialisation discrepancies.
Rule 9A is amended to require every unlisted public company governed by the rule to submit Form PAS-6 to the Registrar within sixty days from the conclusion of each half year, with the prescribed fee and certification by a company secretary in practice or a chartered accountant in practice, and to immediately notify depositories of any discrepancy between issued capital and capital held in dematerialized form; the ANNEXURE is amended to insert Form PAS-6 after Form PAS-5.

Declaration acceptance under Form 15H permitted where rebate reduces tax liability to nil for eligible taxpayers.
The amendment inserts a proviso to note 10 of Part II of Form 15H permitting acceptance of a declaration where the assessee's income exceeds the usual acceptance threshold but the assessee is eligible for a tax rebate that results in a nil tax liability after applying that rebate.

Service rule amendment removes a specified sub rule from Chairperson and members' terms, effective on Gazette publication.
The amendment omits sub rule (2) of rule 3 of the Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016, under the Government's statutory power to frame terms for Board office holders, and comes into force upon publication in the Official Gazette.

Exchange of tax information: bilateral obligation to provide foreseeably relevant records and ownership details, subject to confidentiality.
The Agreement requires competent authorities to provide, upon request, any information foreseeably relevant to the administration and enforcement of taxes, including bank and financial records and legal and beneficial ownership across ownership chains, subject to prescribed request contents, procedural timelines, confidentiality obligations, and defined exceptions such as public policy, legal privilege and disproportionate difficulty for publicly traded entities.

Due date amendment: substitution of 10th with 20th extends filing deadline under GST notification, effective immediately.
Amendment to a GST notification substitutes the figures and letters "10th" with "20th" to amend operative deadlines. The change is applied in the Table at serial number 3 (items (ie) and (it), column (5)) and in Annexure IV at both occurrences, effectuated by a formal notification issued under powers conferred by the Goods and Services Tax Act, 2017.

Extension of time to opt for old-rate GST with ITC: deadline shifted from 10th to 20th.
The Government amends G.O.Ms.No.259 by substituting the figures and letters "10th" with "20th" in the Table at serial number 3 (items (ie) and (if)), column (5), and in Annexure IV, thereby extending the filing deadline for opting to pay tax at the old rates with input tax credit; the amendment is made under the Andhra Pradesh Goods and Services Tax Act, 2017 on GST Council recommendations.

Regulatory recognition renewal granted to a clearing corporation, subject to compliance with prescribed regulatory conditions.
Renewal recognition is granted to NSE IFSC Clearing Corporation Limited for the period commencing 29 May 2019 and ending 28 May 2020 under the securities contracts regulatory framework, subject to compliance with conditions specified by the regulator and any further conditions that may be prescribed or imposed.

Transfer of development rights and long term land leases treated as services for promoter led projects under GST.
The notification inserts entries 5B and 5C to capture services consisting of transfer of development rights or FSI (including additional FSI) and long term land leases (thirty years or more) where consideration is upfront and/or periodic rent, when such services are for construction of a project by a promoter; it also adds definitions aligning "apartment", "promoter" and "real estate project (REP)" with the Real Estate (Regulation and Development) Act, 2016, defines "project" as REP or RREP and limits commercial carpet area in an RREP to fifteen percent; effective 1 April 2019.

GST exemption for transfer of development rights and FSI with apportioned liability on un booked residential units at completion.
The amendment adds exemptions from state GST for services by way of transfer of development rights or FSI and for upfront amounts for long term land lease where used for construction of residential apartments intended for sale, with the exempt amount apportioned by the ratio of residential carpet area to total project carpet area. Promoters remain liable on reverse charge for proportions attributable to residential apartments that remain un-booked at completion or first occupation, subject to capped rates, and the liability arises on completion or first occupation. Deemed valuation and defined terms for apartment, promoter, project and carpet area are prescribed.

Tax liability on promoter as recipient for supplies by unregistered persons of specified construction goods clarified and made applicable retrospectively.
Entry 452Q treats supplies by an unregistered person of goods (excluding capital goods and cement under chapter heading 2523) to a promoter for construction as taxable with the promoter liable as recipient under section 9(4) MP GST Act; it defines "promoter", "project", "REP" and "RREP" (commercial carpet area of commercial apartments not exceeding fifteen percent) and states the entry applies notwithstanding more specific headings, effective from April first, 2019.

Real estate taxation: new GST rules set project-wise ITC formulas, sourcing thresholds, reverse-charge and a one-time option to pay.
The notification prescribes differentiated state-tax treatment and a one-time option to pay for construction services in REP and RREP, establishes project-wise formulas (Annexures) to compute eligible Input Tax Credit (Te) and reversal/retention amounts (Tx) based on carpet-area allocation, percentage invoicing, and percentage completion as on 31 March 2019, mandates an 80% registered-supplier sourcing threshold with reverse-charge on shortfalls (including cement from unregistered suppliers), and requires project-wise accounting, electronic reporting, and separate ITC computation by tax component, effective 1 April 2019.

Composition scheme eligibility allows small registered persons to opt to pay prescribed tax instead of regular GST.
The notification supersedes a prior departmental notification and specifies that an eligible registered person with aggregate turnover in the preceding financial year not exceeding one crore and fifty lakh rupees may opt to pay, in lieu of tax under the regular provisions, an amount prescribed under rule 7 of the Madhya Pradesh GST Rules, 2017; it also states the effective commencement date and preserves prior acts or omissions.

Real estate input tax credit allocation rules updated for construction projects, project-wise finalisation, reversals, and form requirements.
Amendments effective 1 April 2019 revise valuation and prescribe project-wise calculation, finalisation and reporting of input tax credit for construction services under clause (b) of paragraph 5 of Schedule II. They require use of carpet-area based ratios (E/F) and separate treatment for commercial portions, mandate reversals or claims by September following the financial year of completion/first occupation with interest consequences, allocate credit by tax type, permit assignment across multiple projects, and substitute multiple GST forms and procedures including requirement to declare amounts in FORM GSTR-3B or FORM DRC-03.

Input tax credit allocation clarified: apportionment for construction services based on taxable versus exempt area, affecting credit entitlement.
The Order clarifies that for services under clause (b) of paragraph 5 of Schedule II, the credit attributable to taxable supplies, including zero-rated and exempt supplies, shall be determined by reference to the area of the construction, building, civil structure or part thereof that is taxable versus that which is exempt, providing an area-based apportionment mechanism under sections 17 and 172 of the Act.