Valuer eligibility revised: updated qualifications and experience govern registration and valuation scope under the Companies Act.
The amendments broaden the rules' application to valuation of any company property, assets or liabilities under the Act, clarify non application to valuations under other laws, revise rule text to remove certain permissions, and substitute Annexure IV to set asset-class specific qualifications and minimum experience for registration as valuers, with "equivalent" qualifications defined by the Ministry of Human Resources and Development and provision for additional asset classes to be specified by the Central Government.

De-notification of SEZ area reduces notified Special Economic Zone land following statutory procedure under the SEZ Act and Rules.
Central Government de-notifies a specified portion of land within the Indore sector specific Special Economic Zone, following developer proposal, State Government approvals and the Development Commissioner's recommendation, having satisfied statutory preconditions, thereby reducing the notified extent of the SEZ and identifying the de-notified survey parcels and resultant revised SEZ area in the notification.

Undertaking requirement replaces application requirement in state GST notification, changing the form of submission.
The corrigendum directs that in the specified notification, the phrase "furnish an application to the effect" in Sl. No. 5(b) is replaced by "furnish an undertaking to the effect", thereby changing the required form of submission from an application to an undertaking.

Notification correction: requirement revised from furnishing an application to furnishing an undertaking changing compliance obligation.
Erratum amends Notification No. SRO A-51(b)/2018 by replacing the phrase "furnish an application to the effect" with "furnish an undertaking to the effect," altering the prescribed form of the compliance requirement from an application to an undertaking.

Furnishing an undertaking now required instead of an application, altering the compliance document prescribed by the notification.
Correction substitutes the requirement to "furnish an application to the effect" with a requirement to "furnish an undertaking to the effect" in Notification No. 60/2018-Central Tax, amending the published Gazette text to change the form of compliance documentation required under that notification.

Corrigendum replaces requirement to furnish an application with requirement to furnish an undertaking in a state tax notification.
Corrigendum to Notification No.60/2018 State Tax replaces the phrase "furnish an application to the effect" with "furnish an undertaking to the effect" in the published gazette entry, specifying the exact location in the original notification and issued by the Principal Secretary (E&T) to rectify the administrative wording.

Appellate review under the Benami Property Act established to hear appeals from Adjudicating Authority orders.
Establishment of an Appellate Tribunal under the Prohibition of Benami Property Transactions Act, 1988 to hear appeals from orders of the Adjudicating Authority; created by Central Government notification under powers conferred by section 30, effective upon publication in the Official Gazette.

Benami adjudicatory jurisdiction specified nationwide, with a limited territorial exception, under a statutory notification.
The Central Government specifies that the New Delhi Bench of the Adjudicating Authority under the Prohibition of Benami Property Transactions Act, 1988 shall exercise jurisdiction over the whole of India except for a specified territorial exclusion, and that this designation takes effect upon publication in the Official Gazette.

Adjudicating Authority appointment under Benami Property law establishes jurisdiction and powers upon Gazette publication effective immediately.
Appointment of an Adjudicating Authority at New Delhi under section 7 of the Prohibition of Benami Property Transactions Act, 1988 vests the authority with the jurisdiction, powers and authority conferred by the Act and makes the appointment effective from the date of publication in the Official Gazette.

Undertaking requirement replaces application requirement in State Tax notification, changing the form of declaration to be furnished.
Amendment replaces the procedural requirement in clause 4(b) of the State Tax notification so that affected parties must furnish an undertaking to the effect instead of "furnish an application to the effect," substituting undertaking for application in that specific sub clause without altering other provisions.

Time extension for FORM GST ITC-04 declarations allows late filing for job worker goods dispatched or received.
An administrative order extends the time limit for furnishing the FORM GST ITC-04 declaration for goods dispatched to, received from, or transferred between job workers for the earlier tax period, invokes powers under the Punjab GST statutory framework, and supersedes the prior notification while preserving actions already done or omitted under that prior instrument.

Return deadline for subcontracted jewellery goods requires prompt repatriation to SEZ units under the amended rules.
The amendment adds a proviso to rule 41(1)(a) requiring that finished goods requiring further processing, or semi-finished goods, taken outside the Special Economic Zone for sub-contracting by gems and jewellery units (including studded gold, silver and imitation jewellery) must be brought back into the unit within forty-five days.

Escrow account regulation permits structured capital instrument transfers while imposing funding, tenure, KYC, reporting and non-interest conditions.
Authorised Dealers may allow SEBI-registered Foreign Portfolio Investors and Foreign Venture Capital Investors to maintain non-interest-bearing foreign currency accounts for permitted investments. The amendments also prescribe NRO-account access for specified minority-community citizens of Bangladesh or Pakistan residing in India, revise SNRR-account tenure, and replace the INR escrow-account framework for capital-instrument and convertible-note transactions. Escrow accounts are non-interest-bearing, subject to permitted credits and debits, ordinarily limited to six months, and may not support fund-based or non-fund-based facilities.

Extension of TRAN-1 filing deadline permits Commissioner to grant extra time for electronic GST transitional declarations.
Rule 117 is amended to allow the Commissioner, on the Council's recommendation, to extend the date for electronic submission of FORM GST TRAN-1 for registered persons unable to file due to technical difficulties on the common portal, such extension not beyond 31st March, 2019; persons filing TRAN-1 under this extension may submit FORM GST TRAN-2 by 30th April, 2019. Rule 142(5) is amended by inserting "or section 125" after the reference to "of section 76".

GST Practitioner examination requirement instituted; passing a NACIN-conducted CBT is mandated to maintain practitioner enrolment.
A new rule requires enrolled Goods and Services Tax Practitioners to pass a Computer Based Test conducted by NACIN, held twice yearly with online registration, fee payment, multiple choice questions, a prescribed syllabus covering GST Acts and Rules, qualifying marks of fifty per cent, no negative marking, and time-limited attempts with transitional allowances. The amendment also establishes electronic procedures for uploading summaries of pre-existing tax demands for recovery under the Act, posting such demands to Part II of the Electronic Liability Register, and requires an amendment form to update or rectify posted demands when orders are modified or recovered under prior law.

GST practitioner examination requirement mandates passing a NACIN conducted computer based test for enrolment within prescribed period.
The amendment inserts a mandatory GST practitioner qualification rule requiring passing a Computer Based Test conducted by the designated examination authority with online registration, fee payment, national centre choice, a two year period to pass with transitional extension, unlimited attempts within the period subject to per attempt registration and fee, a multiple choice syllabus and qualifying threshold, disqualification for unfair practices, publication of results and a representation mechanism; and establishes electronic summary upload and amendment forms for recovery of pre existing law demands with automatic posting to the Electronic Liability Register and updated reconciliation procedures.

Final return filing extension permits taxpayers with cancelled registrations to submit Form GSTR-10 within the extended deadline.
Persons whose registration under the Mizoram GST regime was cancelled on or before 30th September, 2018 are notified as the class required to furnish the final return in Form GSTR-10 and are permitted to do so until the extended cut-off specified in the state notification, pursuant to the powers conferred by the relevant GST Act and rules.

Exemption for defence authorities excludes most Ministry of Defence offices from notification applicability, except listed controllers and their offices
A proviso is inserted excluding authorities under the Ministry of Defence from the application of the prior notification in respect of persons specified under clause (a) of sub section (1) of section 51 of the Mizoram GST Act, except for those Defence authorities and their offices listed in Annexure A; the amendment is effective from the first day of October, 2018 and Annexure A enumerates the Principal Controllers/Controllers of Defence Accounts with assigned code numbers.

Registration exemption for casual handicraft suppliers when inter State supplies meet specified product and turnover conditions.
Exemption from mandatory registration is specified for certain categories of casual taxable persons making inter State supplies of designated handicraft goods or specified artisan products produced predominantly by hand, as listed by description and HSN codes. The exemption requires beneficiaries to avail the corresponding integrated tax notification benefit and keep aggregate supplies below the registration threshold computed on an all India basis. Exempt persons must obtain a Permanent Account Number and generate e way bills under the GST Rules.

Final return filing deadline extended for taxpayers with cancelled GST registrations to allow filing of FORM GSTR-10.
Persons whose GST registration was cancelled on or before 30th September, 2018 are notified as the class required to furnish the final return in FORM GSTR-10, with the filing deadline extended until 31st December, 2018 under the relevant Goods and Services Tax Act and rules.