GST treatment of transfer of development rights and long term lease premiums clarifies exemption and reverse charge liability on un booked residential units.
Services by way of transfer of development rights (TDR) or Floor Space Index (FSI), and upfront amounts for long term land leases used for construction of residential apartments, receive an exemption calculated pro rata by carpet area; promoters must pay tax on the proportion attributable to residential apartments that remain un booked at completion or first occupation on reverse charge, subject to caps for affordable and other apartments, with deemed valuation rules tying values to similar apartments and added definitions including apartment, promoter, project, carpet area and FSI.

Reverse charge on supplies to promoters: tax applies where promoter is the recipient and unregistered suppliers furnish goods for construction.
Amendment inserts an entry in the 9% Schedule prescribing tax on supplies by unregistered persons to a promoter where tax is payable by the promoter under the reverse charge mechanism; excludes capital goods and cement under the referenced tariff heading; and defines promoter, project, REP and RREP per the Real Estate (Regulation and Development) Act, specifying that the entry applies to all goods satisfying these conditions even if covered by a more specific tariff heading.

Construction services now subject to specified state tax rates with cash payment requirements and restricted input tax credit rules.
The notification amends the earlier G.O. to prescribe distinct Table entries and specified state tax rates (notably 0.75% and 3.75% for select construction services) effective 1 April 2019, conditions the cash payment of state tax and strict limits on Input Tax Credit (ITC) except as prescribed in Annexure I (REP other than RREP) and Annexure II (RREP), requires project wise calculation and payment or reversal of ITC attributable to post transition supplies, imposes an 80% registered supplier sourcing threshold with reverse charge treatment for shortfalls and for cement from unregistered persons, creates recipient liability rules where development rights/FSI are transferred for construction, mandates electronic reporting and a one time option form for promoters to elect prescribed rates by 10 May 2019, and inserts definitions and computational rules to implement these obligations.

Reverse charge liability: promoters must pay tax on supplies from unregistered suppliers for specified construction shortfalls and inputs.
The registered person who is the promoter shall pay tax on reverse charge for supplies received from unregistered suppliers consisting of (i) shortfalls from the minimum value of goods or services required to be purchased by a promoter for a construction project, (ii) cement classified under the relevant customs tariff constituting such shortfall, and (iii) capital goods supplied to a promoter for construction of a project on which tax is payable at prescribed rates; key terms including Promoter, project, Residential Real Estate Project and Floor Space Index are defined.

GST rate description correction clarifies state tax component and splits tax rate into central and state shares.
Erratum correcting the tax-rate description in a Tamil Nadu GST notification for construction services: replaces "tax" with "state tax", changes the word "eighteen" to "nine", and amends the numeric entry "18" to the disaggregated form "18(9 + 9)", clarifying that the aggregate rate is composed of two equal parts and specifying the state component.

State tax designation corrected and numeric expression clarified in notification, amending table language and an illustration.
Corrigendum amends the earlier notification by correcting, on page 3 in the Table, the term tax to State tax and replacing the word eighteen with nine; and by amending Illustration 3 on page 22 to change the figure to 18(9+9) to clarify the numeric composition.

State tax rate correction clarifies column wording and amends rate expression to show combined central and state components.
Corrigendum to Notification No.3/2019 corrects terminology and the expressed tax component: in clause (ii), entry (id), column (5) replace "tax" with "State tax" and change "eighteen" to "nine"; and in clause (v), Annexure III, Illustration 3 amend the last paragraph's rate notation to show the composite split between central and State components.

Mutual fund investment in commodity derivatives permits holding underlying goods on physical settlement and custodial arrangements.
Mutual fund schemes may invest in exchange traded commodity derivatives; "goods" are defined as notified under the Securities Contracts (Regulation) Act and may be held by schemes on physical settlement. Funds may appoint custodians for custody of such goods, and recurring storage and handling expenses arising from physical settlement are permitted scheme expenses. The Seventh Schedule is amended to add clause authorising such investments subject to Board-specified restrictions.

Corrigendum to GST notification replaces 'tax' with 'state tax' and amends numeric entries to specify split.
Corrigendum replaces "tax" with state tax and "eighteen" with "nine" in a specified table column, and amends a later numeric entry from "18" to "18 (9+9)" in the English version of notification no. F.12(56)FD/Tax/2017-pt-IV-169, as issued by the Finance Department, Rajasthan.

Ombudsman scheme for NBFCs extended to eligible non-deposit NBFCs with customer interface, mandating compliance nationwide.
Extension of the Ombudsman Scheme for Non-Banking Financial Companies, 2018 requires NBFCs registered with the RBI that are authorised to accept deposits, and specified non-deposit taking NBFCs with customer interface meeting an RBI-prescribed asset-size threshold, to comply with the Scheme's redressal provisions. NBFC-IFCs, Core Investment Companies, IDF-NBFCs and NBFCs under liquidation are excluded. The Scheme will be administered through four Ombudsman offices covering defined zones.

Revocation of Registration: electronic notice recipients unable to reply can file for revocation under an extended filing window.
The Order inserts a proviso permitting registered persons who were served cancellation notices by email or by making them available on the common portal, and who could not reply thereby causing cancellation, to file applications for revocation of cancellation for specified cancelled orders within an extended filing period; it is limited to cancellations arising from non response to electronic service and does not modify the statutory cancellation grounds or the opportunity to be heard requirement.

Commencement of Rule 12 of Haryana GST Amendment Rules: provisions appointed to come into force on specified date.
Under section 164 of the Haryana Goods and Services Tax Act, 2017, the Governor appoints the 21st day of June, 2019 as the date from which the provisions of rule 12 of the Haryana Goods and Services Tax (Amendment) Rules, 2019, notified vide notification No. 14/GST-2 dated 11th January, 2019, shall come into force, as notified by the Excise and Taxation Department.

Composition taxpayers reporting: furnish quarterly CMP-08 and annual GSTR-4 to be deemed compliant with return and invoice obligations.
Registered persons under the composition scheme or availing Notification No. 32/GST-2 must furnish quarterly self-assessed tax statements in FORM GST CMP-08 by the eighteenth day of the month following each quarter, and file an annual return in FORM GSTR-4 by the thirtieth day of April following the financial year; submission of these forms is deemed to satisfy the statutory outward-supply reporting and return-filing obligations for the relevant periods.

Composition scheme compliance: quarterly CMP-08 statements and annual GSTR-4 return required with electronic filing and cash ledger payment.
The amendment replaces rule 62 and inserts provisos to rule 23 to require persons whose registration was cancelled and later revoked to furnish returns for the cancellation period within thirty days of revocation. It mandates quarterly filing of FORM GST CMP-08 and annual filing of FORM GSTR-4 electronically, payment from the electronic cash ledger, invoice-wise inward and consolidated outward details, ineligibility for input tax credit on invoices prior to opting into composition or the notification, and sets procedures for withdrawal or cessation with corresponding CMP-08 and GSTR-4 obligations.

Basic customs duty increase on wheat implemented, raising the import tariff under customs tariff amendment authority.
Amends Notification No. 50/2017-Customs by substituting the tariff table entry for the specified serial number to increase the basic customs duty (BCD) on wheat; the Central Government exercises powers under the Customs Act and Customs Tariff Act, notifying the change via Notification No. 13/2019-Customs as a public-interest tariff amendment.

Revocation of registration: extension allows persons served by email or portal to file revocation applications despite missed deadlines.
The Order inserts a proviso in section 30 permitting a registered person who was served notice under clause (c) or (d) of section 169 and thereby could not reply, causing cancellation of registration up to 31.03.2019, to file an application for revocation of cancellation of registration not later than 22.07.2019.

Input tax credit allocation for construction services determined by area proportion between taxable (including zero-rated) and exempt supplies.
Allocation of input tax credit for services under clause (b) of paragraph 5 of Schedule II shall be determined by apportioning credit between taxable (including zero-rated) and exempt supplies on the basis of the area of the construction, building, civil structure or part thereof that is taxable and the area that is exempt.

Bill of supply requirement extended to persons paying tax under specified notification, clarifying invoice obligations under GST.
The Order clarifies that clause (c) of sub-section (3) of section 31, requiring a registered person supplying exempted goods or services or paying tax under composition-like provisions to issue a bill of supply instead of a tax invoice, applies to persons paying tax under the State notification referenced in the Order, thereby aligning their invoice issuance obligations with the bill-of-supply regime.

Corrigendum to tax notification corrects terminology to state tax and clarifies the composite rate breakdown.
Corrigendum to a Nagaland Finance Department GST notification instructs that the table entry "tax" be read as "state tax" and that "eighteen" be read as "nine", and further amends a separate entry by replacing "18" with the clarified format "18 (9 + 9)", thereby revising terminology and specifying the component breakdown of the composite rate.

Composition scheme reporting: quarterly self-assessed tax statement and annual return filing obligations clarified under amended Tripura GST rules.
Rule 23 requires persons whose registration cancellation is revoked to file returns for the cancellation-to-revocation period within thirty days of revocation, including where cancellation is retrospective. Rule 62 is amended to require quarterly self-assessed tax statements in FORM GST CMP-08 by the eighteenth day following the quarter and an annual return in FORM GSTR-4 by the thirtieth day of April; the statement discharges tax and interest liability. Transitional and cessation reporting obligations for taxpayers opting into or ceasing the composition scheme or notification benefit are specified. FORM GST CMP-08 and an instruction in FORM GST REG-01 are inserted.