GST notification amendment substitutes the listed goods to include fly ash bricks, aggregates and blocks, effective retrospectively.
The Government amends Notification No. S.O. 183 of 19 April 2022 by substituting, in the TABLE against serial number 4, the entry in column (3) with "Fly ash bricks; Fly ash aggregates; Fly ash blocks", with the substitution deemed to have come into force w.e.f. 18th July, 2022.

Forward charge option on GTA services permits registered suppliers to charge State Tax and include prescribed declaration on invoices.
The amendment removes a prior caveat regarding central tax payment for GTA services and adds a proviso excluding the entry where the supplier is registered under the JKGST Act, 2017, has opted to pay tax on GTA services under forward charge, has issued a tax invoice charging State Tax at applicable rates, and has included the prescribed Annexure III declaration on that invoice; it also inserts entry 5AA making renting of residential dwelling to any registered person taxable and adds Annexure III prescribing the required declaration.

GST exemption scope revised: specific services added, certain entries omitted, and tour-operator export portion clarified.
Amendments to SRO-11-GST revise the Jammu and Kashmir GST exemption table by omitting specified phrases, deleting and substituting entries, and inserting new entries including Department of Posts ordinary post services and storage/warehousing of cereals, pulses, fruits and vegetables. A new entry 52A prescribes the exempt portion of tour operator services to a foreign tourist performed partly outside India-calculated as the proportion of days outside India or fifty percent of total consideration, whichever is less-and provides counting rules for fractional days and an explanatory definition of "foreign tourist." The amendments are effective from 18th July, 2022.

GST rate amendment: revised tax entry substituted in prior notification, altering applicable rate and effective from mid July.
Amendment replaces the entry in column (4) of the TABLE against serial number 1 in Notification No. SRO GST 3 dated 08.07.2017 with a revised percentage, issued under the statutory authority of sub section (1) of section 11 of the Jammu and Kashmir Goods and Services Tax Act, 2017, and deemed effective from 18th July, 2022.

Overseas Investment rules require RBI oversight, eligibility controls, pricing discipline and sectoral prohibitions on cross border investments.
The rules govern Overseas Investment by residents, defining ODI and OPI, classifying instruments, and requiring investments to be in bona fide business activity with Reserve Bank and AD bank oversight. Schedules set modalities and limits for Indian entities, individuals, trusts, funds and IFSC investments. Operational safeguards include arm's length pricing, No Objection Certificates for certain investors, holding period and documentation requirements for transfers and restructurings, and valuation certification where diminution thresholds are crossed. Prohibitions restrict investment into real estate trading, gambling and specified rupee linked products without approval.

Overseas investment controls: new conditions for Indian entities' financial commitments and reporting obligations under FEMA.
Indian entities may undertake financial commitments in foreign entities-by lending, investing in debt instruments, issuing guarantees, creating pledges or charges, or deferring payment-only if eligible for Overseas Direct Investment, having made such ODI and acquired control, and subject to the prescribed financial commitment limit; arm's-length interest, restrictions on open-ended guarantees, reckoning of guarantees and charges towards limits, permitted modes of payment, prior UIN and AD bank routing, reporting of commitments, APR and annual returns, late submission fee regularisation, and suspension of further commitments for unregularised reporting delays are mandated.

Compounding of customs offences now covers Section 135AA, with a specific fee structure and mandatory prosecution immunity in limited cases.
The 2022 amendment to the Customs (Compounding of Offences) Rules, 2005 brings offences under Section 135AA within the compounding framework by inserting a specific fee entry in the table. It prescribes one lakh rupees for the first offence, with a hundred per cent increase for each subsequent offence. The amendment also removes the requirement of co-operation in proceedings from rule 6, grants immunity from prosecution where the offence is punishable only under Section 135AA, and corrects the internal reference in rule 7(2) to rule 6.

GST threshold reduction: state notification lowers the monetary limit for registration and related obligations, effective October.
Under the authority of sub-rule (4) of rule 48 of the Chhattisgarh GST Rules, 2017, Notification No. 13/2020-State Tax is amended to substitute the words "twenty crore rupees" with "ten crore rupees", effective 1 October 2022, on the recommendations of the Council, as formalised by the State Government's notification dated 22 August 2022.

Special Courts designated for income-tax and black-money prosecutions in Chhattisgarh covering Chief Judicial Magistrate jurisdictions.
The Central Government, in consultation with the Chief Justice of the High Court of Chhattisgarh, designates all Chief Judicial Magistrate Courts in Chhattisgarh as Special Courts to hear matters under the Income-tax Act and the Black Money Act for offences and proceedings arising within the respective territorial jurisdictions of those magistrate courts.

Specified person replaces trust or institution in income-tax rule, aligning definition with section 115TD notification.
Substitutes the phrase "trust or institution" with specified person in rule 17CB of the Income-tax Rules, 1962, and inserts clause (ha) in the Explanation to rule 17CB providing that specified person has the same meaning as assigned in the Explanation to section 115TD, effective from publication in the Official Gazette.

Late fee waiver for composition return filings: waiver granted for the specified May to June filing period with retroactive effect.
The notification inserts a proviso waiving the late fee for delay in furnishing FORM GSTR-4 for Financial Year 2021-22 for the period from 1 May 2022 to 30 June 2022, and declares the amendment to be effective retrospectively from 26 May 2022, following a GST Council recommendation.

Physical verification of registered office permits Registrar to inspect, record evidence and initiate removal proceedings if communications fail.
Rule 25B authorises the Registrar to perform physical verification of a company's registered office based on MCA21 records, including visiting the premises with two independent witnesses, carrying filed documents, authenticating address evidence with the occupant, photographing the premises, and preparing a prescribed report listing company details, visit particulars and attached documents. If the office cannot receive communications, the Registrar shall notify the company and its directors of intent to remove the company from the register and invite representations within thirty days before further action under the Act.

Exchange rate determination for customs establishes new conversion rates for specified foreign currencies affecting import and export valuation.
The Central Board of Indirect Taxes and Customs prescribes conversion rates for listed foreign currencies into Indian rupees for application to imported and exported goods, with separate rates for imports and exports set out in two annexed schedules and an express supersession of the prior notification; the rates are declared effective from the stated date and issued under the Customs Act authority.

GST threshold reduction under rule 48 increases applicability by replacing the higher turnover benchmark with a lower one effective October.
Under the authority of subrule (4) of rule 48 of the Goa Goods and Services Tax Rules, 2017, the Government of Goa substitutes, effective 1 October 2022, the words "twenty crore rupees" with the words "ten crore rupees" in the first paragraph of the notification dated 30 March 2020, thereby changing the specified turnover threshold in that notification.

Provisional anti-dumping duty on Ursodeoxycholic Acid imports from China PR and Korea RP to counter dumped pricing.
Provisional anti-dumping duty imposed on Ursodeoxycholic Acid imports from China PR and Korea RP, calculated as the difference between landed value and specified reference prices per kilogram in USD for listed producers and for other producers, payable in Indian currency when landed value is below the reference price; duty effective for six months and exchange-rate determination governed by Government of India notifications with the bill-of-entry date as the relevant date.

Special Additional Excise Duty altered: production duty reduced while Aviation Turbine Fuel levy increased, changing excise rates.
SAED rates are amended by substituting table entries in Notification No. 18/2022-Central Excise: SAED on production of petroleum crude is fixed at Rs. 13,000 per tonne and the SAED on Aviation Turbine Fuel is fixed at Rs. 2 per litre; the amendments operate as tariff substitutions under the Central Excise notification and take effect on the specified commencement date.

Special Additional Excise Duty increased for diesel exports, altering the tariff table entry and taking immediate effect.
The Ministry of Finance amended the exemption notification for excisable goods by substituting the tariff table entry for diesel in the principal notification, thereby increasing the Special Additional Excise Duty applicable to diesel exports; the change is effected by Notification No. 23/2022 Central Excise and comes into force the day after publication.

Foreign tax credit filing deadlines align with assessment year and updated return submission timing.
The amendment requires that the statement in Form No. 67 and the certificate or statement supporting foreign tax credit claims be furnished on or before the end of the assessment year in which the income was offered to tax or assessed in India, where the return for that assessment year has been furnished within the prescribed time; and where the return has been furnished as an updated return, the statements and certificates relating to income included in the updated return must be furnished on or before the date on which that updated return is furnished.

Non-resident buyer exemption under TDS collection removes obligation where buyer has no permanent establishment in India.
The Central Government notifies that the provisions of sub-section (1G) of section 206C shall not apply to a buyer who is a non-resident under the Act and who does not have a permanent establishment in India, suppressing the earlier notification to that extent, with effect from the date of publication in the Official Gazette.

Refund under section 239A: new rule mandates Form 29D with agreement, documentation, and agent submission for claims.
Rule 40G prescribes that refund claims under section 239A must be made in Form No. 29D, accompanied by a copy of the agreement or other arrangement, and may be presented by the claimant or a duly authorised agent. The amendment excludes section 239A claims from the scope of rule 41's Chapter XIX reference and inserts Form No. 29D into Appendix-II, detailing applicant and deductee particulars, agreement dates and period, transaction and payment particulars, tax and challan details, explanation for non-deduction, prior similar refunds, and a declarant's verification.