GST return deadline extension: CMP 08 filing allowed until July 7 and GSTR 4 filing allowed until July 15.
Amendment inserts provisos extending filing timelines: persons must furnish the payment statement in FORM GST CMP-08 for the quarter ending 31 March 2020 by 7 July 2020, and must furnish the return in FORM GSTR-4 for the financial year ending 31 March 2020 by 15 July 2020, as procedural extensions effected by government notification under section 148.

Late fee waiver for delayed outward-supply returns where FORM GSTR-1 is filed by the specified extended deadline.
The Government amends an earlier notification to waive the late fee under section 47 for specified months and the quarter ending 31st March, 2020, where registered persons who failed to furnish outward supplies in FORM GSTR-1 by the due date furnish those details in FORM GSTR-1 on or before 30th June, 2020.

Late fee waiver for delayed GSTR-3B filings: specified taxpayers granted conditional relief if returns filed by notified extended dates.
The amendment waives the late fee under section 47 for specified classes of registered persons who fail to furnish FORM GSTR-3B by the due date, provided the return is furnished by the extended filing dates specified for each turnover-based class and tax period. The waiver's applicability is tied to the taxpayer's aggregate turnover band and the corresponding final filing date for the relevant tax period. The notification is effective from the twentieth day of March, 2020.

Interest on late GST returns: staggered nil-periods and post-grace interest for turnover classes tied to specified filing deadlines.
Amendment prescribes differentiated interest treatment for delayed furnishing of FORM GSTR-3B returns and tax payment for specified months of early 2020, setting interest rates tied to preceding-year turnover classes, specified tax periods, and conditional extended filing dates; the amendment is effective retrospectively from 20 March 2020.

Composition scheme option requires electronic intimation and delayed ITC reconciliation filed together with cumulative adjustment.
Registered persons opting for the composition scheme must electronically file an intimation in FORM GST CMP-02 on the common portal and furnish FORM GST ITC-03 by the prescribed date; additionally, input tax credit adjustments for February through August must be cumulatively reflected in the FORM GSTR-3B return for September with the cumulative ITC adjustment incorporated.

GSTR-3B filing deadlines adjusted for Apr-Sep 2020, with later cutoff for smaller taxpayers and payment via electronic ledgers.
Specifies that FORM GSTR-3B for April-September 2020 must be filed electronically through the common portal by the twentieth day of the following month, with a later twenty-fourth-day cutoff for eligible smaller taxpayers; requires tax liabilities shown in FORM GSTR-3B to be discharged by debiting the electronic cash or electronic credit ledger and other amounts by debiting the electronic cash ledger not later than the applicable filing date.

GSTR-1 due date extended for certain high-turnover registered persons to the following month's statutory deadline for specified months.
Extension of the filing deadline is prescribed for furnishing Form GSTR-1 by registered persons whose aggregate turnover exceeds the statutory threshold, for each month from April to September 2020, with the due date fixed as the eleventh day of the month succeeding each relevant month; the corresponding time limit for the summary return for the same months will be notified subsequently, and the notification is deemed to have an earlier date of effect.

Exclusion of lockdown period suspends counting lockdown days in liquidation timeline computations under insolvency rules.
Regulation 47A excludes the period of the Central Government imposed COVID 19 lockdown from computation of timelines for any task in a liquidation process that could not be completed due to such lockdown, subject to the provisions of the Insolvency and Bankruptcy Code, 2016; the amendment is effective from 17th April, 2020 and was published to provide clarity on model time lines.

Time-line suspension: lockdown period excluded from corporate insolvency resolution timelines, altering calculation under the Code.
A new regulation excludes the period of the Central Government-imposed COVID-19 lockdown from the computation of time-lines for any activity in the corporate insolvency resolution process, stating that such lockdown periods shall not be counted for purposes of regulatory time-lines, notwithstanding the time-lines in the regulations and subject to the provisions of the Code.

Deemed authorisation for assignment where agency fails to act, and right to appeal rejections to Membership Committee.
The amendment provides that applications received from commencement of these regulations until 30th September, 2020 shall be deemed issued or renewed if an agency fails to act within thirty days; and where an application is rejected in that period the aggrieved applicant may appeal to the Membership Committee within thirty days of receipt of the rejection order.

Fee payment extension for insolvency professionals extends deadline and mandates reporting of director or partner changes.
Amendments effective 28 March 2020 add provisos extending the deadline for payment of fees due for financial year 2019-2020 to on or before 30th June, 2020, and require insolvency professional entities to inform the Board within thirty days when an individual ceases to be, or joins as, a director or partner between commencement of the amendments and 31st December 2020.

Late filing fee for insolvency resolution forms attracts monthly penalties after the due date effective retrospectively.
The substituted sub regulation (4) to regulation 40B requires any Form filed after its prescribed due date, whether by correction, updation or otherwise, to be accompanied by a fee of five hundred rupees per Form for each calendar month of delay counted after 1st October, 2020, with an illustrative example showing escalating monthly fees tied to the date of filing.

Extension of GSTR-3B filing: staggered electronic deadlines set for larger and smaller taxpayers in West Bengal.
Amendment inserts two provisos extending electronic filing deadlines for FORM GSTR-3B for May 2020: taxpayers with aggregate turnover exceeding five crore rupees in the previous financial year must furnish the return through the common portal on or before 27th June 2020; taxpayers with aggregate turnover up to five crore rupees whose principal place of business is in West Bengal must furnish the return through the common portal on or before 14th July 2020. The amendment amends Notification No. 05/2020-C.T./GST and is deemed effective from 3rd April 2020.

Extension of compliance deadlines under state GST rules extends procedural filing and proceeding timelines, with specified exclusions.
Extension of time is provided for statutory actions under the Karnataka Goods and Services Tax framework where prescribed time limits falling within the pandemic-affected period are extended to the specified new date, covering completion of proceedings, issuance of orders and notices, and filing of appeals, replies, applications, reports, documents, returns and statements; specified provisions and rules are expressly excluded from the extension, and e-way bills with validity expiring during an earlier sub-period are deemed extended to the interim date.

Regulatory sandbox: Board may grant temporary exemptions to securities rules for live testing of innovative products under conditions.
The amendment inserts chapters across multiple SEBI regulations authorising the Board to grant time limited exemptions (not exceeding twelve months) from specified regulatory provisions to permit live testing of new products, processes, services and business models in a defined regulatory sandbox, subject to conditions and continuous compliance requirements as specified by the Board; "regulatory sandbox" is defined as a live testing environment deploying innovations to a limited set of eligible customers under Board specified conditions.

Limitation period extensions for tax assessments and appeals expanded to accommodate COVID 19 disruption and administrative delay.
The Order extends limitation periods under the Karnataka Tax on Entry of Goods Act by treating the statutory five and eight year assessment bars and the four and five year revision and rectification bars as extended by six months for tax periods up to March 2016, and treats the discretionary 180 day appellate extension as 270 days for orders served between 1 September 2019 and 30 November 2019, to remove difficulties arising from the COVID 19 lockdown.

Export policy change: formulations containing paracetamol now free for export under ITC HS codes while APIs remain restricted.
The Directorate General of Foreign Trade amended Chapter 30 of Schedule 2 to make formulations containing paracetamol, including fixed dose combinations, Free for export under the ITC HS framework while explicitly maintaining export Restricted status for paracetamol active pharmaceutical ingredients; the change applies to formulations under any ITC HS code and took immediate effect.

Pea export quotas set: yellow peas zero, green 75,000 MT, other 75,000 MT for 2020-21.
The notification sets export quotas for peas for fiscal year 2020-2021: yellow peas 0 MT, green peas 75,000 MT, and other peas 75,000 MT, identified by Exim codes, and states that the measure takes effect from publication in the Official Gazette under powers of the Foreign Trade (Development and Regulation) Act, 1992 and the Foreign Trade Policy framework.

Record retention requirements under PMLA amended to specify applicable months for certain transactional categories and reporting quarter.
The amendment substitutes the wording governing record retention periods to require that records for transactions in specified clauses (A), (B), (BA), (C) and (E) be maintained for the months of March, April and May 2020, and records for transactions in clause (F) for the quarter January-March 2020; the rules take effect on publication in the Official Gazette.

GSTR-3B filing extension: amended state notification sets staggered deadlines by taxpayer turnover category for May returns electronically.
Amendment inserts two provisos prescribing staggered electronic filing deadlines for FORM GSTR-3B for May 2020 based on prior-year aggregate turnover: taxpayers above the turnover threshold must furnish the return through the common portal by an earlier prescribed date, and taxpayers at or below the turnover threshold must furnish the return through the common portal by a later prescribed date; amendment effected by the Commissioner of State Tax under delegated state GST powers, modifying Notification No. 5/2020-State Tax.