Small company definition changed: paid-up capital and turnover ceilings revised, altering eligibility for simplified compliance.
The amendment revises the statutory criteria for small company status by substituting clause (t) in rule 2 to set explicit ceilings for paid-up capital and turnover that determine eligibility as a small company, thereby altering the quantitative thresholds controlling which companies qualify for regulatory concessions and simplified compliance.

Electronic Duty Credit Ledger periods under specified regulations are extended from one year to two years.
Electronic Duty Credit Ledger Regulations were amended to extend from one year to two years the prescribed periods under regulation 6(2) and regulation 7(3). The amendments took effect upon publication in the Official Gazette.

Exchange rate determination: Customs prescribes conversion rates for imports and exports, altering prior notification effect.
The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, 1962, prescribes conversion rates of specified foreign currencies into Indian rupees for customs purposes, with distinct rates for imported and export goods, effective 16th September, 2022, superseding Notification No. 73/2022-Customs(N.T.). Schedule I lists unit rates and Schedule II lists per 100 unit rates; certain Pound Sterling entries were subsequently substituted by later notifications.

Fixation of tariff values sets customs valuation rates for specified edible oils, metals and areca nut effective mid-September.
The Central Board of Indirect Taxes & Customs, exercising powers under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal notification to fix US dollar tariff values: per metric tonne values for specified edible oils and brass scrap, unit values for specified forms of gold and silver, and the retained tariff value for areca nuts. The amended tables apply for customs valuation and come into force on 16th September, 2022.

Renewal of recognition for a stock exchange confirmed, conditional on ongoing regulatory compliance and prescribed conditions.
Renewal of recognition is granted to the Metropolitan Stock Exchange of India Limited under the Securities Contracts (Regulation) Act, 1956, authorising the Exchange to deal in contracts in securities for a limited renewal period; the renewal is subject to compliance with conditions that SEBI may prescribe or impose from time to time as a continuing precondition of its recognised status.

Duty credit issuance under RoSCTL amended: specified sub-clauses and a transferee reference removed, altering issuance mechanics.
The Central Government, exercising powers under section 51B of the Customs Act, 1962, amends Notification No. 77/2021-Customs (N.T.) by omitting sub-clause (2) of clause 4, omitting sub-clause (5) of clause 5, and deleting the words "or the transferee" from clause 6, thereby changing the operative wording governing issuance of duty credit under the continuation of the RoSCTL scheme.

Duty credit issuance under RoDTEP amended by omitting specified subclauses and deleting transferee reference under section 51B.
The Central Government amends RoDTEP issuance mechanics under section 51B of the Customs Act by omitting sub clause (2) of clause 4, omitting sub clause (5) of clause 5, and deleting the words "or the transferee" from clause 6 of the principal notification, via Notification No. 75/2022 Customs (N.T.), dated 14th September 2022, which alters the procedural provisions for issuing duty credit under the RoDTEP scheme.

Import conditions for PET flakes updated: authorisation and environmental NOC required with restricted import quotas.
Amendment permits import of PET flakes only with an authorisation from DGFT and a NOC from MoEF&CC, while PET bottle waste and scrap remain prohibited. Eligible units must have used domestic waste for at least seventy percent of capacity in the previous year; imports are capped relative to prior-year production and actual capacity utilised in the preceding year, an additional import allowance may be granted against exports, and units must have completed at least one year of production.

Reporting obligations under section 285B require producers to file Form 52A electronically with verification and forwarding to assessing officer.
The amendment substitutes rule 121A to require producers of cinematograph films and persons engaged in specified activities to furnish an annual statement in Form No. 52A within sixty days of the previous year's end, submitted electronically with digital signature or electronic verification code. The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) (or authorised persons) is the prescribed authority to set procedures, administer filing and verification, implement security and archival policies, and forward Form No. 52A to the Assessing Officer.

Manner of calculating interest on delayed GST payment clarified; UPI and IMPS added as permitted payment modes.
Amendments revise registration suspension revocation where suspended for non-filing and pending returns are subsequently furnished; add Duty Credit Scrips to valuation Explanation; require a declaration when aggregate turnover exceeds the rule 48 threshold but invoice format under rule 48 sub-rule (4) is not required; establish re-credit procedure where erroneous refunds deposited via FORM GST DRC-03 are to be re-credited to the electronic credit ledger by order in FORM GST PMT-03A; permit UPI and IMPS as payment modes and update payment forms; prescribe rule 88B for calculating interest on delayed tax and define interest on wrongly availed and utilised input tax credit; refine refund documentation for exports including electricity and update annual and monthly return formats and instructions.

Extension of limitation period: GST recovery and refund filing deadlines extended; pandemic period excluded from limitation computation.
Extends the time limit for issuance of orders for recovery of unpaid or short-paid tax and wrongly availed input tax credit for the 2017-18 tax period to a new outer date; excludes 1 March 2020 to 28 February 2022 from computation of limitation for issuance of orders relating to recovery of erroneous refunds; and excludes the same period from computation of limitation for filing refund applications, with the notification deemed to commence from 1 March 2020.

Late fee waiver extension for GSTR-4 filings; filing deadline moved under section 47, modifying prior notification.
The notification amends the fifth proviso of the earlier G.O. (P) No.24/2018/TAXES by substituting the original deadline with a later date, extending the period covered by that proviso. The amendment is made under section 128 on the Council's recommendation and implements an extension of the waiver of late fee for delayed filing of FORM GSTR-4 for the financial year 2021-22 under section 47.

Extension of CMP filing deadline grants additional time for self-assessed GST payment reporting and compliance.
An amendment requires specified persons to furnish a statement containing details of payment of self-assessed tax in FORM GST CMP-08 for the quarter ending 30th June, 2022, with the due date for submission extended until the 31st day of July, 2022.

Fee-sharing prohibition: insolvency professionals must not accept or share fees with appointed professional or support service providers.
An amendment adds clause 26A to the First Schedule of the 2016 Regulations: an insolvency professional shall not accept or share any fees or charges from any professional or support service provider appointed under the processes, establishing an express prohibition on fee-sharing with appointed service providers.

Resolution professional fees set with minimum fixed amounts and performance-linked incentives for timely and value-maximising resolutions.
Regulation 34B prescribes that fees of interim resolution professionals and resolution professionals are to be decided by the applicant or committee but shall not be less than statutory minimums for appointments on or after 1 October 2022; minimum fixed fees are set by admitted-claims bands and apply until plan submission, liquidation application, withdrawal, or closure. Performance-linked incentives include time-based percentages of the realisable value for timely submission and a one percent incentive on value realised above liquidation value. Fees may be paid from debtor funds, applicant or committee contributions, or interim finance and form part of the insolvency resolution process cost.

Appointment update: substitution of the named Additional Commissioner of Central Tax in the Maharashtra GST notification.
Amendment substitutes the entry at Sr. No. (2) in the principal Finance Department notification by naming Mr. Rajiv Ranjan (Sr.), Additional Commissioner of Central Tax, thereby updating the roster of officials identified in the published Government Gazette.

Interest on delayed payment of tax and GST return rules updated with new refund, payment and reporting procedures.
Amendments to the Uttarakhand Goods and Services Tax Rules, 2017 revise compliance, refund, payment, and return-filing provisions. A new rule prescribes interest on delayed payment of tax for late returns, unpaid tax, and wrongly availed and utilised input tax credit, while payment modes are expanded to include UPI and IMPS. The refund framework is updated for export refunds, including transmission of withheld claims, valuation rules, and a special procedure for export of electricity. Return forms and instructions are also revised for reporting, annual return disclosures, challans, and refund statements.

Limitation extension under GST for section 73 proceedings and refund claims, with pandemic period excluded from computation.
Extension of the limitation period was granted for orders under section 73 for recovery proceedings relating to tax not paid or short paid, and input tax credit wrongly availed or utilised, for the 2017-18 financial year. The period from 1 March 2020 to 28 February 2022 was excluded for computing limitation under section 73 for erroneous refund recovery and for filing refund applications under sections 54 and 55, with retrospective effect from 1 March 2020.

GST notification amendment replaces the fifth proviso date, extending the operative deadline in the existing Uttarakhand scheme.
Amends the Uttarakhand Goods and Services Tax notification dated 1 January 2018 by substituting the date in the fifth proviso. The reference to 30 June 2022 is replaced with 28 July 2022, thereby modifying the operative date contained in that proviso. The amendment is limited to the specified substitution in the fifth proviso.

GST notification rescission under Uttarakhand law preserves prior acts while deeming retrospective commencement.
Rescission of a prior Uttarakhand GST notification was made under section 11(1) of the Uttarakhand Goods and Services Tax Act, 2017, on the recommendation of the Council and in public interest. The rescission applies to Notification No. 973/2017/9(120)/XXVII(8)/2017 dated 23 November 2022, while preserving things done or omitted before the rescission. The notification is deemed to have come into force on 18 July 2022.