Exemption from reconciliation statement: foreign airlines to submit CA authenticated receipts and payments per GSTIN instead.
Specified foreign airline companies registered and compliant under the Companies (Registration of Foreign Companies) Rules are exempted from furnishing the reconciliation statement in FORM GSTR-9C; provided that for each GSTIN they submit a statement of receipts and payments for the financial year, authenticated by a practicing Chartered Accountant or an Indian CA firm/LLP, by the 30th September following the financial year.

Exemption from reconciliation statement allows specified foreign airlines to submit audited receipts and payments statement by statutory deadline.
Specified foreign airline companies registered under foreign company registration rules are exempted from furnishing the reconciliation statement in FORM GSTR-9C; instead, for each GSTIN they must submit a statement of receipts and payments for the financial year in respect of Indian business operations, duly authenticated by a practising Chartered Accountant in India or a firm or LLP of practising Chartered Accountants in India by the statutory deadline in the year succeeding the financial year.

Recognition of housing fund debt under IBC enables priority treatment for financing stalled affordable housing projects.
Notification designates a debt raised from the Special Window for Affordable and Middle-Income Housing Investment Fund I as a debt under clause (15) of section 5 of the Insolvency and Bankruptcy Code, 2016, and defines the Fund as a Central Government-sponsored alternate investment fund registered with SEBI to provide priority debt financing for completion of stalled affordable and middle income housing projects.

Adaptation of Central Laws: central statutes extended and modified to apply to the Union territory, with transitional safeguards.
Adaptation of Central Laws Order brings numerous Central Acts into force in the Union territory of Jammu and Kashmir with immediate effect subject to modifications in the Schedule, prescribes application of the General Clauses Act for interpretation, preserves prior notifications and actions taken before the appointed day, and provides transitional and savings provisions. The Schedule specifies targeted textual substitutions, insertions and omissions across procedural, substantive and sectoral laws - notably civil procedure case-management and disclosure rules, arbitration referrals to mediation, extensive forest-law amendments including seizure, confiscation and appeals, establishment of an Anti Corruption Bureau, and insertion of a sextortion offence - together with mechanisms for enforcement and continuance of pre-existing rights and proceedings.

Designated authority under Direct Tax Vivad Se Vishwas Act: Delhi principal commissioners notified to resolve declarant income tax disputes
Notification designates specified Principal Commissioners and Commissioners of Income Tax in Delhi as designated authorities under the Direct Tax Vivad Se Vishwas Act, 2020, empowering them to implement the Act's dispute resolution mechanism for declarants within their jurisdictions, issued under the Principal Chief Commissioner's powers under the Income tax Act and listing each office with its CCIT charge and headquarters.

Designated authorities under Direct Tax Vivad Se Vishwas Act notified to resolve Income-tax disputes under the Act.
Notification designates specified jurisdictional Commissioners of Income-tax as designated authorities under the Direct Tax Vivad Se Vishwas Act, 2020 to provide a mechanism for declarants to resolve disputes under the Income-tax Act, 1961; the Schedule names the Commissioner posts and their headquarters across specified cities, and the order is effective from 18.03.2020.

Designated authorities under Direct Tax Vivad Se Vishwas Act enable administrative dispute resolution for taxpayers from specified jurisdictions.
Notification designates specific Principal Commissioners and Commissioners of Income Tax as designated authorities under the Direct Tax Vivad Se Vishwas Act, 2020, listing each authority with its CCIT charge and headquarters to administer declarations for dispute resolution under the Income Tax Act, 1961. The designation relies on powers under section 120(1) and (2) of the Income Tax Act as delegated by CBOT notification No. 51/2014, and the order takes effect from 18.03.2020.

Import policy changed for zinc dross, naphthas and aviation gasoline, altering free import and actual user conditions.
Zinc Dross is reclassified from Restricted to Free with imports permitted to the actual user or to a trader on behalf of an actual user authorised by the SPCB on a one time basis, subject to Customs verification under Schedule VIII of the Hazardous and Other Wastes Rules, 2016. Light Naphtha, Heavy Naphtha and Full Range Naphtha are moved from State Trading Enterprise import under Policy Condition (5) to Free import. Aviation Gasoline remains under State Trading Enterprises, but flying clubs may import free as actual users and must comply with safety norms.

Valuation of lottery tickets revised: GST now applies using a prescribed deemed value or notified price, whichever is higher.
With effect from 1 March 2020, the value of supply of lottery is deemed to be 100/128 of the face value of the ticket or of the price as notified by the Organising State, whichever is higher. The term "Organising State" has the same meaning as in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.

Tariff value fixation sets fixed import values for edible oils, metals, and seeds, maintaining prior declared rates.
The notification substitutes existing tariff tables to set and reaffirm tariff values for specified imports: edible oils (multiple subcategories), brass scrap (all grades), poppy seeds and areca nut, with values in US dollars per metric tonne noted as unchanged; and separate entries fixing tariff values for specified forms of gold and silver with unit weight valuation and stated exclusions.

Direct Tax Vivad se Vishwas: electronic declarations, certificates and computed settlement payments with carryforward and MAT adjustments.
The rules prescribe electronic declarations (Form 1), irrevocable undertakings (Form 2), certificates of determination (Form 3), payment intimation with proof of withdrawal (Form 4) and settlement orders (Form 5) under the Direct Tax Vivad se Vishwas Act, 2020; require verification under income tax return rules; assign systems responsibilities for e filing and security; permit options for treating reductions in loss, unabsorbed depreciation or MAT credit (include in disputed tax or carry forward reduced amounts) with specified proportional and multiplier adjustments for non search and eligible search cases; and set proportional apportionment principles where issues are covered in the declarant's favour.

Staggered due dates for GSTR-3B returns set, extending filing deadlines for eligible small taxpayers with limited turnover.
Requires taxpayers with principal place of business in West Bengal and aggregate turnover up to rupees five Crore in the previous financial year to furnish FORM GSTR-3B electronically through the common portal for January, February and March 2020 on or before 24th February 2020, 24th March 2020 and 24th April 2020 respectively.

Extension of annual return filing deadline for FORM GSTR-9/FORM GSTR-9C granted, shifting due date for affected West Bengal registrants.
Extension of the time limit under section 44 read with rule 80 is granted for furnishing the annual return and reconciliation statement in FORM GSTR-9 and FORM GSTR-9C for the period 1 July 2017 to 31 March 2018 for registered persons whose principal place of business is in West Bengal, requiring electronic filing through the common portal and prescribing a revised due date, with the notification effective from the stated commencement date.

Valuation of lottery supply set as a specified fraction of ticket face value or notified price, whichever higher.
The amendment substitutes the valuation provision for lottery supplies to deem the value as a specified fraction of the ticket face value or the price notified by the Organising State, whichever is higher, and adopts the same definition of Organising State as in the Lotteries (Regulation) Rules, 2010; the substituted provision takes effect from 1 March 2020 with other provisions coming into force on gazette publication.

Import quota for Urad limits imports to licensed millers under DGFT procedure, with government agreement exemptions.
The import of Urad is restricted and subject to an annual quota of 04 lakh MT; imports under this quota are permitted only to Millers/Refiners pursuant to a procedure to be notified by the Directorate General of Foreign Trade, with an exemption for Government import commitments under bilateral or regional agreements. The annual quota for 2020-21 is fixed at 4 Lakh MT and will be effective from 1st May to 31st March; earlier extensions of the 2019-20 import date up to 30th April will be implemented separately.

Hydrocarbon operations and disposal of mutilated goods get revised tax treatment under Assam GST notification.
The amendment inserts a covered entry for petroleum operations and coal bed methane operations under specified contracts within the Hydrocarbon Exploration Licensing Policy or Open Acreage Licensing Policy. It also revises the disposal condition for non-serviceable mutilated goods by permitting tax at 9% on transaction value, subject to a certificate from a duly authorised Directorate General of Hydro Carbons officer being produced before the jurisdictional tax officer. The notification is retrospective from 1 October 2019.

E-invoice obligation: registered persons above specified turnover threshold must issue e-invoices for supplies to other registered persons.
Designates as a class of registered persons those whose aggregate turnover exceeding one hundred crore rupees in a financial year, who must prepare invoices in terms of sub rule (4) of rule 48 of the Assam GST Rules for supply of goods or services or both to a registered person, pursuant to a State tax notification; the measure specifies scope, applicability by turnover threshold, and its commencement.

Commencement of Assam GST Amendment Act provisions declared, excluding specified entries and given retrospective effect.
Under the power conferred by sub section (3) of Section 1 of the Assam Goods and Services Tax Act, 2017, the Governor appoints a commencement date for provisions of the Assam Goods and Services Tax (Amendment) Act, 2019, except for specified enumerated items, and declares the notification to be deemed issued on that commencement date.

State tax exemption for long-term lease plots tightened with use restrictions, compliance monitoring, and joint liability for violations.
State tax exemption conditions for long-term lease of plots in industrial or financial business areas were amended by reducing the figure in the relevant entry and replacing the attached conditions. The leased plots must be used only for the allotted industrial or financial purpose, and the Government concerned must monitor compliance. Any violation or change of land use makes the original lessor, original lessee, and any subsequent lessee, buyer, or owner jointly and severally liable for the tax otherwise payable on the upfront lease amount, with interest and penalty, and the lease documents must record the exemption and compliance obligation.

Annual return filing deadline under Assam GST extended through a removal of difficulties order to address technical filing problems.
The Order removes a difficulty in electronic filing of annual returns under section 44 of the Assam GST Act by substituting the date in the Explanation from 31st December, 2019 to 31st January, 2020. It addresses technical problems that prevented registered persons from furnishing the annual return for the period 1 July 2017 to 31 March 2018. The Order was issued under section 172 and is deemed to have come into force on 26 December 2019.