Intermediated funds disclosure: companies must represent no undisclosed routed loans and auditors to verify accordingly.
Amendments to rule 11 add that management must represent no undisclosed advances, loans, or investments to intermediaries or receipt of funds from funding parties with arrangements to onlend or secure for ultimate beneficiaries, except as disclosed; auditors must perform reasonable audit procedures and report material misstatements of those representations. Auditors must also confirm dividend compliance with the Companies Act and whether accounting software used maintained an untampered audit trail preserved per record-retention requirements.

Audit trail requirement for accounting software mandates immutable edit logs to strengthen transaction transparency and auditability for companies.
The amendment mandates that companies using accounting software must use systems with an audit trail that records every transaction, creates an edit log with change dates, and cannot be disabled, and expands annual disclosure requirements to include details and year end status of Insolvency and Bankruptcy Code applications or proceedings and explanations of differences between one time settlement valuations and valuations used for obtaining bank or financial institution loans.

VAT exemption for diplomatic mission added: Republic of Chad eligible for VAT refund subject to invoice threshold.
The Sixth Schedule of the Delhi Value Added Tax Act, 2004 is amended to insert the Republic of Chad in the List of Embassies, enabling a VAT exemption/refund for taxable goods for official and personal use of its diplomats in response to a reciprocity request, subject to the condition that each invoice meets a specified minimum invoice value, under authority of sub-section (2) of Section 103.

Extension of annual GST return filing deadline permits electronic submission through the common portal under state notification.
The Commissioner, exercising statutory powers and on Council recommendation, extends the time for electronic furnishing of the annual return through the common portal for the 2019-20 financial year, by state notification made effective retrospectively from the end of December 2020.

Commencement date: specified provisions of the Delhi GST Amendment Act take effect from the appointed date.
Appoints the 1st day of January, 2021 as the date on which the specified provisions of the Delhi Goods and Services Tax (Amendment) Act, 2020 shall come into force, under the power conferred by sub section (2) of section 1 of the Amendment Act, by a State Tax notification issued by the finance department recording the executive signatory.

Invoice Reference Number requirement: specified taxpayers must obtain IRN via FORM GST INV-01 within thirty days or invoice invalid.
Notification requires specified registered persons who issued invoices not in the prescribed manner to obtain an Invoice Reference Number (IRN) by uploading required particulars in FORM GST INV-01 on the Common GST Electronic Portal within thirty days of the invoice date; failure to obtain IRN within thirty days will mean the document will not be treated as an invoice.

Revenue threshold for Goa GST notification reduced under rule 48, altering eligibility for compliance from April 2021.
Amendment substitutes the previously specified higher monetary threshold with a lower threshold in Government Notification No. 38/1/2017-Fin(R&C)(133) under sub rule (4) of rule 48 of the Goa Goods and Services Tax Rules, 2017, effective 1 April 2021, thereby changing the eligibility metric for the cited GST provision.

E-way bill validity extension deemed extended for bills expiring during the pandemic to ease GST compliance burdens.
The notification deems specified time limits for completion or compliance of actions under the Goods and Services Tax framework that fell during the pandemic-affected period and were not met, to be extended until the notified cut-off. It covers completion of proceedings, issuance of orders or notices, and filing of appeals, replies, returns, reports and other records, but expressly excludes certain chapters, sections and rules of the GST enactments from the extension.

Exchange rate notification: revised Turkish Lira rupee equivalents now govern customs valuation for imports and exports.
The Central Board of Indirect Taxes and Customs amended Notification No. 31/2021-CUSTOMS (N.T.) by substituting the Schedule I entry at serial number 18 to prescribe revised rupee equivalents for the Turkish Lira for imported and exported goods, thereby changing the official exchange benchmarks used for customs valuation and related procedures.

Satellite launch service exemption places specified public space-sector suppliers under nil GST from the prescribed effective date.
Delhi GST exemption applies to satellite launch services supplied by the Indian Space Research Organisation, Antrix Corporation Limited, or New Space India Limited. The services are included in the exemption schedule at nil central tax and nil State tax. The exemption takes effect from 16 October 2020.

Filing compliance restrictions: non-filing of GSTR-3B bars furnishing GSTR-1 and invoice filing until prior returns are filed.
The amendment bars a registered person from furnishing outward-supply details in FORM GSTR-1 if the return in FORM GSTR-3B has not been filed for the two preceding months; the bar similarly applies to invoice furnishing for quarterly filers for the preceding tax period and to persons limited in electronic credit ledger utilisation until the relevant preceding FORM GSTR-3B is filed.

Regulatory fee framework for stock exchanges: annual turnover and quarterly listing-fee based charges with compliance obligations.
Amendment creates a regulatory fee regime requiring recognised stock exchanges to pay an annual fee based on annual turnover within thirty days of year-end and a quarterly fee equal to a percentage of listing fees within fifteen days of each quarter, prescribes payment modes, certified computation by a chartered accountant, record-keeping and reporting obligations, a fifteen percent per annum interest on delayed or short payments, and repeals the 2006 SEBI regulatory fee regulations with savings for prior actions.

Commencement of Punjab GST amendment: specified amendment sections are deemed in force, triggering State GST applicability.
The Governor, under sub section (2) of section 1 of the Punjab Goods and Services Tax (Second Amendment) Act, 2020 and on the Council's recommendation, has notified that the provisions of sections 3, 4, 5, 6, 7, 8, 9, 10 and 14 of the Amendment Act shall be deemed to have come into force on the 1st day of January, 2021, making those amendment provisions operational for State GST administration and compliance from that date.

HSN code reporting: registered persons must record eight-digit HSN codes for specified chemical supplies on tax invoices.
An amendment to the Punjab GST notification adds a proviso to rule 46 requiring registered persons to mention eight-digit HSN codes in tax invoices for the chemical classes listed in the appended Table, with certain entries marked "As applicable." The requirement attaches to supplies identified by chemical name and corresponding HSN Code in the Schedule and is effective from 1 December 2020.

Retrospective commencement of amendment provisions declared, deeming specified sections effective from earlier appointed date by gubernatorial notification.
The Governor, exercising powers under subsection (2) of section 1 of the Punjab Goods and Services Tax (Second Amendment) Act, 2020 and on the Council's recommendation, appoints the 18th day of May, 2020 as the date from which the provisions of sections 2 and 13 of that Act shall be deemed to have come into force, effectuating deemed commencement of those amendment provisions by gubernatorial notification.

Refund order deadline under Section 54 extended until a set period after the taxpayer's reply or a later cutoff.
Where a notice has been issued rejecting a refund claim, in full or in part, and the statutory period for issuance of the order falls during the pandemic-affected interval specified, the time for issuing that order is extended to fifteen days after receipt of the registered person's reply to the notice or to the later cutoff date specified in the notification, with effect from the commencement date of the said interval.

Commencement of Punjab GST Amendment Rules: amendment provisions appointed to come into force from an earlier specified date.
The notification exercises delegated rule making authority to appoint a past date as the operative commencement for the Punjab Goods and Services Tax (Amendment) Rules, 2020, citing the parent amendment instrument and its Gazette publication and formally declaring that date as when the said amendment provisions shall come into force.

Commencement of section 11 deemed retroactively in force by official notification, fixing its retrospective operative date.
The Governor, on the Council's recommendation and under the amending Act's commencement provision, appointed an operative date and declared that section 11 of the Punjab Goods and Services Tax (Second Amendment) Act, 2020 shall be deemed to have come into force from that appointed date by official notification.

Commencement of GST Amendment rules: retrospective commencement date appointed, making specified amendment provisions deemed in force.
Under the powers conferred by section 164 and relevant clauses of the Punjab Goods and Service Tax (Amendment) Rules, 2019, the Governor, on the recommendation of the Council, appoints a retrospective commencement date by which the specified provisions of those Amendment Rules shall be deemed to have come into force, citing the earlier notification that made the rules.

Extension of time limits for GST compliance granted with specified statutory exclusions and a limited e-way bill validity extension.
Time limits for completion or compliance of actions under the Punjab GST Act that fell during the disruption period are extended to a specified later date, covering completion of proceedings, issuance of orders and approvals, and filing of appeals, replies, applications, reports, documents, returns and statements, while expressly excluding certain specified statutory provisions and rules; separately, validity of certain e-way bills expiring in an earlier sub-period is deemed extended until a specified interim date, with the notification effective from the outset of the disruption period.