Jurisdiction of Central Tax Officers: territorial and functional powers for CGST officers under the GST Acts clarified and allocated.
The notification appoints specified ranks of officers as central tax officers under the CGST and IGST Acts and vests them and their subordinates with statutory powers within the territorial jurisdictions set out in Tables I and II; it separately allocates appellate and audit jurisdictions in Tables III and IV and designates certain Additional/Joint Commissioners in Table V with nationwide authority to decide on notices issued by the DG-GST Intelligence; amendments and commencement details are provided.

Registration authority for non-taxable online information and database services enables local commissioner to grant registrations for such supplies.
Empowers the Principal Commissioner of Central Tax, Bengaluru West and subordinate officers to grant registration for online information and database access or retrieval services provided or agreed to be provided by a person in a non taxable territory and received by a non taxable online recipient, invoking powers under section 14(2) of the Integrated Goods and Services Tax Act and rule 14(2) of the Central GST Rules and relying on the Act's definitions of the relevant terms.

Commencement of specified CGST provisions appointed to activate definitions, registration, composition, rule making and common portal mechanisms.
The Central Government appointed a date in June 2017 for commencement of selected CGST Act provisions, bringing into force sections that establish definitions, statutory administration, the composition mechanism, registration rules, taxpayer migration, the common portal, and the delegated power to make rules to enable implementation and administration of the CGST regime.

Commencement of IGST provisions: specified sections activated to establish registration, definitions and rulemaking framework.
Notification issued under section 1(3) of the IGST Act appoints an appointed day to bring into force specified sections of the Act, thereby activating provisions on commencement, definitions, officers, registration, application of certain CGST provisions to IGST, and the power to make rules to establish the IGST administrative and procedural framework.

Denotification of Special Economic Zone rescinded after proposal and administrative recommendation, preserving prior acts and omissions.
Rescission of the notification establishing the sector specific Special Economic Zone for electronics at Maheshwaram is effected following a proposal to de notify the entire area, the State Government's no objection, and a recommendation from the Development Commissioner; the rescission is taken under the applicable SEZ rule and preserves acts or omissions done before rescission.

Vessels sharing agreement exemption allows liner carriers relief from competition prohibition subject to no price fixing and monitoring requirements.
The Central Government exempts Vessels Sharing Agreements in the liner shipping industry from the Competition Act prohibition for a one year period from 20th June 2017 provided the agreements do not include price fixing, capacity limitation or sales restriction, or allocation of markets or customers; the Director General, Shipping will monitor such agreements and persons responsible for ship operations in India must file copies of existing or new agreements and related documents with the Director General, Shipping within the prescribed timeframes.

Associated enterprise and parent company disclosure updated: revised Form 3CED requires detailed identification and taxpayer IDs.
The Income tax Rules amend Appendix II, Form No. 3CED by substituting items 3 and 4 to require, for APAs, detailed identification of Associated Enterprises (name, country of residence, and taxpayer identification/functional equivalent/unique governmental identifier) and comprehensive particulars of Immediate and Ultimate Parent companies (name, address, country of residence, and taxpayer identification/functional equivalent/unique governmental identifier).

Anti-dumping duty on clear float glass enforced after new shipper review; provisional assessments converted to final on payment.
Imposition of anti-dumping duty on clear float glass of nominal thickness 4mm-12mm produced and exported by M/s Tariq Glass Industries Ltd, Pakistan, following a new shipper review; amendment to the existing customs notification inserts a new serial entry identifying the goods, exporter and applicable duty, converts prior provisional assessments into final assessments on payment of the duty, and rescinds the provisional-assessment notification for future operation.

State GST framework governs intra-State supply, registration, input tax credit, returns, refunds, and recovery procedures.
West Bengal Goods and Services Tax Ordinance, 2017 establishes the State GST framework for levy and collection of tax on intra-State supplies in West Bengal and regulates officers, registration, supply, valuation, input tax credit, returns, payment, refunds, assessment, recovery, offences, appeals and related procedures. It defines the core GST terms, prescribes rules for composite and mixed supplies, reverse charge, composition levy, exemptions, time and value of supply, invoicing, record-keeping, electronic ledgers and tax compliance. The Ordinance also provides for transitional provisions, anti-profiteering, rule-making, notices, and repeal and savings.

Tariff value fixation for specified imports amended, substituting updated tariff values for oils, metals, seeds and nuts.
Amendment under section 14(2) of the Customs Act, 1962 substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal notification to prescribe revised tariff values for specified imported goods. The substituted tables set operative tariff-value figures for categories including crude and refined edible oils, crude soya bean oil, brass scrap, poppy seeds, areca nuts, and unit values for gold and silver when concessional notification entries are availed.

Exchange rate determination sets new conversion rates for specified foreign currencies for import and export valuation.
The Central Board of Excise and Customs prescribes, effective 16 June 2017, specific exchange rates for listed foreign currencies into Indian rupees to be used for valuation of imported and exported goods, superseding the prior notification; rates are set separately for import and export and arranged in Schedule I (per unit rates) and Schedule II (per 100 unit rates).

Secondary adjustment interest computation requires repatriation deadline; failure triggers imputed interest based on currency-specific benchmarks.
Secondary adjustments under section 92CE require repatriation of excess funds within a uniform ninety-day period from specified triggering events tied to primary transfer pricing adjustments. If excess money is not repatriated within that period, imputed per annum interest income is computed using currency-specific benchmarks: the State Bank of India one year marginal cost of funds lending rate as of the first of April plus a margin for rupee-denominated transactions, and the six month London Interbank Offered Rate as of the prior September plus a margin for foreign currency transactions. "International transaction" is as per section 92B.

Goods and Services Tax: intra State levy, registration thresholds, input tax credit rules, returns, refunds and assessment procedures.
The Act levies State goods and services tax on intra State supplies, defines "supply" and related valuation and time of supply rules, empowers notification of reverse charge and e commerce collection, and sets out registration thresholds and the composition scheme. It establishes an electronic compliance framework (registration, invoicing, returns, ledgers), a detailed input tax credit mechanism with blocked credits and matching procedures, refund and assessment regimes including audit and interest rules, and administrative powers, exemptions and transitional provisions.

Fast track corporate insolvency: eligibility extended to small companies, startups and certain unlisted companies with limited assets.
Notification designates categories of corporate debtors eligible for the fast track corporate insolvency resolution process: small companies as defined in company law, startups as defined in the specified government notification, and unlisted companies whose reported total assets in the immediately preceding financial year fall within the prescribed asset threshold, enabling a streamlined insolvency pathway for such entities.

Commencement of insolvency provisions: Executive appoints date to bring specific sections of the Insolvency and Bankruptcy Code into force.
Central Government, under sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016, by Ministry of Corporate Affairs notification dated the fourteenth of June, 2017, appoints the commencement of Sections 55 to 58 of the Code, thereby bringing those provisions into force.

Anti-dumping duty on specific porcelain/vitrified tiles from China PR imposed to counter dumped imports and price depression.
Definitive anti-dumping duty imposed on Soluble Salt, Double Charge, GVT and PGVT Porcelain/Vitrified Tiles (

Anti-dumping duty on Hydrogen Peroxide imposed with country- and exporter-specific rates, payable in domestic currency.
Imposition of definitive anti-dumping duty on Hydrogen Peroxide (tariff item 2847, excluding specified grades) following findings that exports from specified countries were dumped and caused material injury; the notification prescribes country-, producer- and exporter-specific duty rates per metric ton, payable in Indian currency with exchange rate determined as per Customs Act, effective for five years unless earlier revoked, and subsequently amended and rescinded by later notifications.

Debenture trustee eligibility and duties clarified; stricter conflict-of-interest and compliance obligations imposed by regulatory update
Regulations amend the framework for debenture trustees: updating definitions to align with the Companies Act, narrowing eligibility to scheduled commercial banks, public financial institutions, insurance companies and specified body corporates; expanding conflict-of-interest prohibitions on appointment; and imposing detailed duties to ensure consistency of prospectuses and trust deeds, monitoring and reporting of defaults, appointment of nominee directors on specified defaults, verification and enforcement of security creation, enhanced certification and reporting for receivables-backed issues, five-year recordkeeping, Compliance Officer certification, and strengthened liability and enforcement mechanisms.

Exemption for Section 8 companies: specified board and loan provisions relaxed, subject to filing compliance requirements.
The notification amends prior exemptions under section 462 to exempt clause (b) and the first proviso to sub section (1) of section 149 from applying to Section 8 companies, inserts a proviso to sub section (7) of section 186 excluding its application where a company with substantial government shareholding makes loans for industrial research and development in furtherance of its objects, and conditions all tabled exceptions on the Section 8 company having no default in filing financial statements under section 137 or annual return under section 92 with the Registrar.

Exemptions for private companies allow tailored relief from financial statement, deposit and board requirements where compliance conditions are met.
The notification provides targeted exemptions for private companies, one person companies, small companies, dormant companies and recognised start ups: omission of the cash flow statement; conditional non application of deposit provisions based on capital, start up status or borrowing and independence criteria with required Registrar filings; relaxed annual return signature requirements; audit and inspection exemptions tied to turnover and borrowing limits; board meeting frequency relaxation and quorum rules allowing an interested director after disclosure. These exceptions apply only where the company has not defaulted in filing financial statements or annual returns.