Special Additional Excise Duty increase on diesel: rate amended and substituted, effective from early November.
Amendment increases the Special Additional Excise Duty on diesel by substituting the existing rate entry in the Table of Notification No. 04/2022 Central Excise. The change is effected under section 5A of the Central Excise Act read with section 147 of the Finance Act and comes into force on the second day of November, 2022, further amending the principal notification dated June 30, 2022.

Special Additional Excise Duty adjusted for petroleum crude and aviation turbine fuel, changing applicable levy rates.
The Government amends notification No. 18/2022-Central Excise by substituting in the Table the entry against S. No. 1, column (4) with "Rs. 9,500 per tonne" and the entry against S. No. 2, column (4) with "Rs. 5 per litre," with the amendment coming into force on 2 November 2022.

Assam GST rate notification revises schedule entries for goods, including tender coconut water and nicotine-related products.
Amends the Assam State Tax rate notification under the Assam Goods and Services Tax Act, 2017 by revising entries across Schedule I, Schedule II, Schedule III and Schedule IV. The notification substitutes, inserts and omits tariff entries for a wide range of goods, including food products, industrial inputs, machinery, electrical and electronic goods, transport-related goods and specified tobacco- or nicotine-related products. It also inserts tender coconut water subject to brand-name conditions and applies with effect from 1 January 2022.

Rescission of State Tax Notification revokes prior Telangana GST rate notification while preserving prior actions and omissions.
The State Government, under section 11(1) of the Telangana Goods and Services Tax Act, 2017 and on the Council's recommendations, rescinds G.O.Ms.No.250, Revenue (CT-II) Department, dated 21-11-2017, subject to a saving for things done or omitted before such rescission; the rescission is effected by Notification No. 11/2022-State Tax (Rate) which comes into force on the 18th July, 2022.

State tax rate amendment designates fly ash bricks, aggregates and blocks for the relevant notification and fixes commencement date.
The State Government substitutes the entry in column (3) against Sl. No. 1 of the prior notification to read "fly ash bricks; fly ash aggregates; fly ash blocks" under powers of sections 11(1) and 16(1) of the Telangana Goods and Services Tax Act, 2017, and declares the substituted description operative from the commencement date specified in the notification.

Compliance certificate requirement now demands managing director signature; agencies must publish relationship disclosures and enforce penalties.
The regulations require the compliance officer to submit an annual compliance certificate in Board format which must also be signed by the managing director. Agencies must facilitate and publish professional relationship disclosures on their websites within three working days, obtain confirmations that appointments of other professionals are at arm's length, treat disciplinary proceedings as pending from issuance of a show cause notice until disposal, and enforce a specified schedule of monetary penalties for enumerated contraventions.

Extension of filing deadline for GST CMP form permits furnishing quarterly self-assessed tax statement by revised due date.
The State Government inserts a proviso into the earlier notification permitting specified persons to furnish the statement of payment of self-assessed tax in FORM GST CMP-08 for the quarter ending 30th June, 2022 until 31st July, 2022, under the powers conferred by the Telangana Goods and Services Tax Act, 2017.

Tariff value fixation: revised customs values for edible oils, brass, gold, silver and areca nut notified.
The Central Board of Indirect Taxes & Customs, invoking section 14(2) of the Customs Act, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal customs non-tariff notification to prescribe revised tariff values in US dollars for specified edible oils, brass scrap, defined forms of gold and silver (with scope qualifications), and areca nuts; the new tariff values take effect from the commencement date specified in the notification.

Export duty exemption for specified rice varieties subject to prescribed export conditions and documentation under Annexure.
Export duty relief exempts customs duty in excess of a prescribed nil rate for specified rice and related tariff items when exported, conditional on compliance with Annexure requirements. Eligible goods include paddy, husked rice, semi milled/wholly milled rice (excluding parboiled and Basmati), and organic non Basmati rice. Annexure conditions require entry at prescribed customs stations by stated cut off dates, backing by irrevocable Letters of Credit authenticated by recipient banks where specified, and organic certification by NAB accredited bodies for organic exports.

Specified person designation: pension fund's India investment income exemption subject to compliance, reporting, and operational restrictions.
The Central Government designates Teacher Retirement System of Texas as a specified person under clause (23FE) of section 10 for eligible investments in India up to the notified cut-off, conditioned on filing timely returns, furnishing Form No. 10BBC, quarterly investment intimation in Form No. 10BBB, maintenance of segmented accounts, continued regulation under Texas or US federal law, use of earnings and assets solely for statutory obligations of retirement plans, prohibition on borrowings for Indian investments, and no participation in investee day-to-day operations except limited monitoring rights.

Rescission of notification under Karnataka Goods and Services Tax Act withdraws earlier finance notification while preserving prior actions.
The Government, invoking section 148 of the Karnataka Goods and Services Tax Act, 2017, rescinds a Finance Secretariat notification issued in April 2018 as necessary in the public interest on Council recommendation. The rescission takes effect from the first day of October, 2022, and contains a saving clause preserving things done or omitted prior to the rescission.

Commencement of Karnataka GST Amendment: specified sections brought into force from the appointed commencement date.
The State government, under subsection (2) of section 1 of the Karnataka GST (Amendment) Act, 2022, notifies the commencement of sections 2 to 15 of the Amendment Act while excluding clause (c) of section 12 and section 13, thereby appointing the effective date on which the specified provisions come into force.

Commencement of GST amendment provisions brings specified clause and section into force under statutory commencement power.
The State government, invoking the commencement power in the Amendment Act, appoints a specified prior date as the day on which designated amendment provisions of the Karnataka Goods and Services Tax (Amendment) Act, 2022 shall come into force, via an official notification issued in the name of the Governor and promulgated by the Finance Department.

Risk-based AML/CFT compliance requires customer verification, beneficial ownership checks, ongoing monitoring, and suspicious transaction reporting for regulated entities.
Regulated Entities must undertake Customer Due Diligence after assigning risk ratings, identify and verify customers and beneficial owners, understand the purpose of business relations, and conduct ongoing transaction scrutiny. High-risk relationships require enhanced measures, including source-of-wealth and source-of-funds examination, Senior Management approval and closer monitoring; simplified measures may apply only to low-risk relationships and never where ML/TF is suspected. Verification may be deferred only in low-risk cases with safeguards, but must be completed within the prescribed period; otherwise relationships must be suspended or terminated. CDD information requires risk-based periodic updating.

Export restriction on sugar extended until further order, with quota-based exemptions for EU and USA shipments under prescribed procedures.
Extension of a restriction on export of sugar is announced, covering raw, refined and white sugar, extended until 31 October 2023 or until further orders, with all other conditions unchanged. The restriction does not apply to sugar exported under quota mechanisms to specified foreign markets when following the prescribed CXL and TRQ procedures in the applicable public notices.

Research expenditure approval under Section 35(1)(iii): Krea University recognised for social science and statistical research eligibility.
The Central Government, under clause (iii) of sub section (1) of section 35 read with Rules 5C and 5E, approves Krea University, Sricity, Chittoor (PAN: AAFAK4100P) as a University, College or other institution for research in social science or statistical research; the notification is effective from publication and applies (retrospectively to the previous year) for assessment years 2023-2024 to 2027-2028.

Due date extension for GSTR-3B returns: filing for September permitted until the specified later deadline.
The Commissioner, on the Council's recommendation and exercising powers under section 39(6) of the West Bengal GST Act, extends the due date for furnishing FORM GSTR-3B for September 2022 to 21 October 2022 for registered persons required to file returns under the statutory return provisions and the relevant rule; the notification takes effect from 21 October 2022.

Nil interest for specified e commerce operators where tax was deposited but FORM GSTR 8 was delayed due to portal failure.
Nil rate of interest is notified for specified electronic commerce operators who could not file FORM GSTR-8 by the due date due to a technical glitch on the portal, provided they had deposited the tax collected in the electronic cash ledger; interest is Nil from the date of deposit until the date of filing the statement, and specified GSTINs and months are listed.

Input Tax Credit reversal and re availment rules clarified, consolidating reporting and reversals in the primary GST return form.
The amendment consolidates reporting and compliance by removing references to FORM GSTR-2, omitting several legacy forms and rules, and aligning reporting and reversals of input tax credit to FORM GSTR-3B. It inserts non-filing conditions in rule 21, substitutes rule 37 to require repayment of input tax credit with interest where supplier payments are not made within the statutory time-limit and permits re-availment upon subsequent payment, and updates refund and procedural provisions accordingly.

Commencement of rule seven: Puducherry GST amendment provision brought into force under executive rule making powers.
The Lieutenant Governor, exercising powers under clause (b) sub rule (2) of rule 1 of the Puducherry GST (Amendment) Rules, 2022, appoints a specific date as the date on which the provisions of rule 7 of the Amendment Rules shall come into force, completing the administrative notification required to activate that amendment provision following its prior Gazette publication.