Centralised processing of equalisation levy statements streamlines electronic validation, computation, communication and refund reconciliation.
The Scheme centralises receipt and electronic processing of Equalisation Levy Statements, authorises the Centre to validate, compute levy and interest, reconcile payments and determine payable sums or refunds, and to declare statements invalid for use of non validated software or incomplete information. Revised statements replace originals; unprocessable statements are referred to the Assessing Officer. Communications are electronic, no personal appearance is required, and the Director General with Board approval may specify automated procedures and software validation. Processing errors causing excess refunds will be rectified and recovered.

Rescission of a state GST notification under section 148: prior notification withdrawn with preserved prior acts and retrospective commencement.
The Governor, invoking section 148 of the Punjab Goods and Services Tax Act, 2017 and other enabling powers, rescinds Notification No. S.O.74/P.A.5/2017/S.148/2018 dated 21 May 2018. The rescission takes effect from 1 October 2022, is deemed to have come into force on 28 September 2022, and preserves things done or omitted before rescission.

Composition levy under GST: amendment expands eligible items to include fly ash bricks, aggregates and blocks, effective retrospectively.
Amendment under the proviso to section 10(1) substitutes, against serial number 4 in the TABLE of Notification No. S.O.39/P.A.5/2017/S.10/2019, the entry in column (3) with "Fly ash bricks; Fly ash aggregates; Fly ash blocks." The notification is made on the recommendations of the Council and is deemed to have come into force with effect from 18th July, 2022.

GST classification amendment revises entry for fly ash products in notification under Punjab Goods and Services Tax Act.
The Punjab GST notification substitutes the entry at serial number four, column (3) with "Fly ash bricks; Fly ash aggregates; Fly ash blocks", revising the classification of those goods. The amendment is notified as effective retrospectively from 18th July, 2022.

Limitation period suspension for GST recovery and refund claims extends computation exclusion and delays issuance of s73 orders.
The government, invoking section 168A of the Punjab GST Act, extends the time limit under sub section (10) of section 73 for issuing orders under sub section (9) to recover tax or wrongly availed input tax credit for the 2017-18 period, and excludes the period from 1 March 2020 to 28 February 2022 from computation of limitation for both issuance of recovery orders under section 73 and for filing refund applications under section 54 and section 55, with retrospective effect from 1 March 2020.

Exemption from annual return filing granted for small taxpayers below prescribed turnover threshold for FY2021 22 under Punjab GST.
The Commissioner under the first proviso to section 44 of the Punjab Goods and Services Tax Act, 2017, exempts registered persons with aggregate turnover in FY 2021 22 up to two crore rupees from filing the annual return for that year; the exemption was issued on the Council's recommendation and is deemed effective from 5 July 2022.

Nil interest for e commerce operators who deposited collected tax but could not file required returns due to portal glitch.
Nil rate of interest is notified for specified electronic commerce operators who could not furnish FORM GSTR-8 for December 2020 due to a portal technical glitch, provided they had deposited the tax collected in the electronic cash ledger; the nil interest applies from the date of deposit of the tax until the date of filing the required statement.

Extension of revocation application deadline for cancelled GST registrations; eligible applications given additional prescribed filing period.
Where a registration was cancelled under provisions for cancellation and the period for filing an application for revocation fell between March 1, 2020 and August 31, 2021, the time limit for filing such application is extended until September 30, 2021, by way of partial modification of earlier Punjab notifications under the Punjab Goods and Services Tax Act.

Turnover threshold reduced for GST registration applicability under rule 48, lowering the qualifying limit effective October 1, 2022.
Amendment substitutes the earlier monetary threshold in the first paragraph of Notification No. S.O. 19/PGSTR/2017/R.48/2021 with ten crore rupees under sub rule (4) of rule 48 of the Punjab Goods and Services Tax Rules, 2017; the substitution is effective from 1 October 2022.

State Tax Officer appointment under GST law: designation assists Commissioner with powers within assigned local areas upon assuming charge.
The State Government appoints Shri Satya Narayan Parida, CT & GST Officer, Balasore Range, as State Tax Officer under the Odisha Goods and Services Tax Act, 2017, effective from the date he assumes charge to assist the Commissioner of State Tax. He is authorized to exercise powers and perform duties under the Act within local areas assigned by the Commissioner; the appointment is embodied in an administrative notification issued by the Finance Department.

Special Additional Excise Duty rate change for petrol and diesel exports alters export taxation and duty liability under excise law.
Amendment prescribes a revised Special Additional Excise Duty rate for exports of petrol and diesel by substituting the prior entry against the specified serial number in Notification No. 04/2022 Central Excise; the amendment is effected under the Central Excise Act and the Finance Act and takes effect on the stated commencement date, thereby changing the excise chargeable on exported petrol and diesel.

Special Additional Excise Duty on petroleum crude and aviation turbine fuel amended with substituted rates effective in early February.
The notification amends Notification No. 18/2022-Central Excise by substituting the Table entries for S. No. 1 and S. No. 2, revising the Special Additional Excise Duty applicable to production of petroleum crude and to export of aviation turbine fuel. The amendment is effected under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, and takes effect on the fourth day of February, 2023.

Green debt security definitions expanded to specify eligible uses and issuance, governance, and subscription requirements.
Amendments expand the definition of Green debt security to list eligible use categories; require issuers to send recall or redemption notices at least twenty-one days before exercisability to eligible holders and debenture trustees with specified delivery methods and stock-exchange dissemination; mandate trust deed and Articles of Association provisions to appoint debenture trustee nominees as directors with timelines for amendment and appointment for listed issuers and issuers in default; prescribe a three-to-ten working day subscription period with extension rules; and require stock exchanges to collect regulatory fees and substitute the draft offer document fee schedule.

Exchange rate determination: Customs fixes conversion rates for foreign currencies affecting imports and exports.
The Central Board of Indirect Taxes and Customs, under authority of the Customs Act, determines conversion rates of specified foreign currencies into Indian rupees for imported and export goods, prescribing different rates for imports and exports and attaching schedules of unit and one-hundred-unit exchange rates, effective from early February 2023; the notification supersedes an earlier notification and is itself noted as superseded by a later notification effective mid February 2023.

Sunset provision for customs exemptions set to terminate specified notifications, clarifying duration and effect from commencement.
The notification amends thirty-two customs exemption notifications by inserting explicit sunset provisions so that most specified exemptions cease to have effect after 31st March, 2024, with one entry ceasing after 31st March, 2023; some amendments also omit Explanations or substitute provisos. The changes are made under section 25(1) of the Customs Act, 1962 and the notification commences on 2nd February, 2023.

Notification validity extension: three customs notifications amended to include a uniform expiry after 31st March, 2028.
The instrument amends Notifications Nos. 90/2009-Customs, 33/2017-Customs and 41/2017-Customs to insert provisions that each "shall have no effect after 31st March, 2028." The amendments are effected under section 25 of the Customs Act, 1962 and section 3(12) of the Customs Tariff Act, 1975 and the notification comes into force on 2 February 2023.

Exemption for sports goods extended to warm blood horses, with the notification amended to include a fixed sunset provision.
The amendment adds Warm Blood horse to the EQUESTRIAN items eligible for exemption under notification No. 146/94 Customs when imported by a National Sports Federation or a sports person of outstanding eminence for training; it omits the Explanation after the TABLE and introduces a sunset clause providing that the notification shall cease to have effect after 31st March, 2028, with the amendment coming into force on 2nd February, 2023.

Customs duty revision for precious metals: revised rate applied to replenishment under export exhibition and branded jewellery schemes.
The amendment substitutes the entries against Sl. No. 1, column (4) of notification No. 57/2000-Customs so that the prior duty entries for gold and silver imported under the replenishment facility for the Scheme for Export through Exhibitions, Export Promotion Tours and Export of Branded Jewellery are replaced by a single revised entry; the amendment is effected as a further amendment to the principal notification and comes into force on the stated commencement date.

Tariff amendment under Customs Act revises a tariff table duty entries for a specified serial entry, changing prescribed column rates.
Amendment implements effects of the India-UAE CEPA by substituting the numerical entries in Table III against the specified serial entry, replacing prior values in the two specified columns with new prescribed column entries, as a modification to Notification No. 22/2022 Customs; the amendment comes into force on the stated commencement date.

Project imports exclusion: solar power plants removed from the "any other Plant and Project" classification altering customs treatment.
The Project Imports (Amendment) Regulations, 2023 substitute the Table entry at Sr. No. 4, column 2 to read Any other Plant and Project, other than solar power plant or solar power project, thereby excluding solar power plants and projects from that Project Imports classification; the amendment takes effect on the 2nd day of February, 2023.