Leave encashment exemption under section 10(10AA) sets a fixed maximum for tax free retirement leave payment.
Specifies a monetary ceiling for tax exemption of cash equivalent of earned leave payable at retirement under section 10(10AA), fixing Rs. 25,00,000 as the maximum exempt amount for employees covered by that sub clause who retire, effective from 1 April 2023 with certification that no person is adversely affected by retrospective operation.

Tax exemption for startup share premium: excess consideration excluded from section 56(2)(viib) when DPIIT conditions met.
Provisions of section 56(2)(viib) shall not apply to consideration received by a company for issue of shares that exceeds face value where the company is recognized as a DPIIT startup, meets the conditions in paragraph 4 of the DPIIT recognition notification, and files the declaration required by paragraph 5 of that notification; the notification supersedes the earlier 2019 communication and is effective from the stated commencement of the fiscal period.

Exemption for notified foreign and institutional investors from taxation on share premium for start up investments.
The notification exempts specified investor classes from the deeming provision treating excess consideration on share issuance as taxable income: government and government related investors; regulated banks and insurance entities; and resident entities of listed jurisdictions comprising Category I foreign portfolio investors, endowment funds, pension funds, and broad based pooled investment vehicles with over fifty investors that are not hedge or complex strategy funds.

GSTR-7 deadline extension: TDS deductors in Manipur must file April return by end of May.
The Commissioner amends the principal notification to provide that registered persons required to deduct tax at source and required to file FORM GSTR-7, whose principal place of business is in the State of Manipur, shall furnish the April 2023 return electronically through the common portal on or before the thirty-first day of May, 2023. The notification is deemed effective from the tenth day of May, 2023.

Extension of GSTR-3B filing deadline for registered persons in Manipur until twenty-fifth August 2023 inclusive.
Extension of due date for furnishing FORM GSTR-3B for registered persons whose principal place of business is in the State of Manipur: the Commissioner, under powers conferred by the CGST Act, extended the filing deadline for the months covered (as subsequently amended) until the twenty-fifth day of August, 2023. The notification is deemed effective from the twentieth day of May, 2023, and incorporates subsequent substitutions that expanded the months and adjusted interim dates prior to the August extension.

Extension of return filing deadline: GSTR-1 for registered persons based in Manipur extended to a notified later date.
The notification amends an earlier Sikkim SGST notification to extend the time for furnishing outward supply details in FORM GSTR-1 for the tax period April, 2023 for registered persons required to file under section 39(1) whose principal place of business is in Manipur, by permitting submission until the thirty first day of May, 2023; the amendment takes effect from the eleventh day of May, 2023.

GSTR-1 filing deadline extended for taxpayers in Manipur, providing a statutory time-limit extension and retrospective commencement.
Extension of the time limit for furnishing details of outward supplies in FORM GSTR-1 is provided for registered persons whose principal place of business is in the State of Manipur for the tax period April, 2023, with the filing deadline extended till the thirty first day of May, 2023; the notification is deemed to have come into force from the eleventh day of May, 2023.

Limitation extension under Section 168A: deadlines for issuing recovery orders under section 73 extended for past financial years.
Extension of limitation under Section 168A enlarges the time for issuing orders under section 73(9) for recovery of tax not paid or short paid or input tax credit wrongly availed or utilised. The Government, on Council recommendation and modifying earlier notifications, fixes extended deadlines: for 2017-18 up to 31 December 2023; for 2018-19 up to 31 March 2024; and for 2019-20 up to 30 June 2024.

Late fee waiver for delayed GSTR-10 filings permits filing within a specified window without excess penalty.
The Government of Maharashtra waives the amount of late fee under section 47 that exceeds five hundred rupees for registered persons who did not file FORM GSTR-10 by the due date but file between 1 April 2023 and 30 June 2023, exercised under section 128 of the Maharashtra Goods and Services Tax Act, 2017.

Late fee rationalisation for annual GST returns: reduced per day caps and amnesty for delayed filers who file within the window.
Reduced per day late fee rates are prescribed for annual GST returns tied to turnover bands with a turnover linked maximum; an amnesty waives the portion of late fee exceeding a specified threshold for persons who failed to file for listed financial years but furnish the return within the prescribed filing window, enabling relief without altering filing obligations.

Export prohibition on broken rice permits shipments only with government permission for foreign food security requests.
Export of broken rice under ITC (HS) code 1006 40 00 is generally prohibited, but exports may be authorised solely where the Government of India grants permission following a request from another country's government to meet that country's food security needs, thereby establishing a conditional, licensing-style exception to the prohibition.

Deemed withdrawal of assessment orders permitted if registered persons file pending return with interest and late fee regardless of appeals.
Deemed withdrawal of assessment orders is permitted for registered persons who failed to furnish a valid return within thirty days of service of the assessment order, subject to furnishing the pending return by the prescribed final date together with payment of the statutory interest liability and late fee liability; eligibility is available irrespective of whether an appeal has been filed or decided.

Revocation of cancelled GST registration allowed under a special window; applicants must file returns and pay dues before applying.
Notification permits persons whose GST registration was cancelled under specified clauses to apply for revocation within the special window only after furnishing returns due up to the effective date of cancellation and paying any tax, interest, penalty and late fee; no further extension will be allowed; the class includes those whose appeals were rejected for failure to meet the original time limit.

Late fee waiver for GSTR-4 non-filers: excess fees waived and full waiver where state tax payable is nil.
Amendment grants a late fee waiver to registered persons who failed to furnish FORM GSTR-4 for specified past periods but submit those returns between 1 April 2023 and 30 June 2023; the waiver removes the portion of late fee exceeding a nominal cap and fully waives late fee where the return shows nil state tax payable, limited to the listed quarters and financial years.

Underwriting obligations: issuers must secure and disclose underwriting agreements stating lead manager and syndicate commitments before filing prospectus.
The amendments replace and standardise underwriting provisions: issuers seeking underwriting for initial or further public offers must enter underwriting agreements with registered merchant bankers, stock brokers, lead managers or syndicate members prior to filing the prospectus or red herring prospectus, specifying maximum subscriptions and obligations for rejected bids at prices not less than the issue price, disclose such agreements in the prospectus, require lead managers to meet minimum underwriting obligations and to cover syndicate defaults, and limit underwriting subscriptions solely to fulfil underwriting obligations.

Tariff preference adjustment: amendments change coal and cotton tariff classifications and their preferential treatments under customs notification.
The central government amends Notification No. 62/2022-Customs by omitting S.No. 6 in Table II, substituting S.No. 7 with HS code 27011210 designated as "All goods", and inserting HS codes 27011290 and 27011910 with their respective treatments; Table IV S.No.1 is revised to list HS codes 52010024 and 52010025 described as "Cotton of minimum 28 mm staple length." These changes adjust tariff classifications and associated preferential treatment pursuant to statutory authority.

Customs notification: Inland Container Depot entry permits unloading of imports and loading of exports at Dahej.
An amendment inserts a new Table entry for Village Dahej, Taluka Vagra, Distt. Bharuch, authorising unloading of imported goods and loading of export goods at that inland container depot. The change, added as item (xvi) for the State of Gujarat, is made under the powers of clause (aa) of sub section (1) read with sub section (2) of Section 7 of the Customs Act, 1962 and modifies Notification No.12/97 Customs (N.T.).

GST rate amendment: tariff descriptions revised to include all jaggery types and pencil sharpeners reclassified across schedules.
Amendment revises tariff entries by substituting the jaggery and certain sugar product description to include all types and pre packaged labelled forms; inserts a new tariff entry for pencil sharpeners under the mid rate schedule; and excludes pencil sharpeners from an existing higher rate entry by adding an explicit exclusion. The amendment is effected under the Delhi GST Act and comes into force on the notification's stated commencement date.

Inclusion of Courts and Tribunals broadens specified entities in the Explanation, altering scope under state GST.
Amendment substitutes the phrase ", State Legislatures, Courts and Tribunals" into the Explanation to clause (h) of Notification No. 13/2017-State Tax (Rate), thereby expressly adding Courts and Tribunals to the list of specified entities referenced in that Explanation and making the revised wording operative from the stated commencement date.

Net winnings calculation for online gaming: new formula governs withholding and reporting of tax on withdrawals.
The rules insert rule 133 prescribing algebraic formulas to compute net winnings from online games for tax and withholding purposes: annual net winnings equal (aggregate withdrawals + closing balance) less (non taxable deposits + opening balance); first withdrawal net winnings equal withdrawal less (non taxable deposits + opening balance) with a floor at zero; subsequent withdrawals subtract earlier net winnings already taxed; end of year net winnings combine aggregate withdrawals and balances less deposits, opening balance and previously taxed winnings. Explanations define non taxable/taxable deposits, aggregate treatment across user accounts, in kind/direct payments deemed as taxable deposits and withdrawals, exclusion and recharacterisation rules for promotional credits, and intra intermediary transfer treatment.