Income tax exemption for specified commission income under section 10(46) subject to non commercial and filing conditions.
Notification under section 10(46) exempts specified incomes of the Madhya Pradesh Electricity Regulatory Commission, Bhopal: petition fees; fines and charges; incidental receipts including sale of tender documents, processing and certified copying fees, sale of old newspapers, license fee, tariff book distribution, vehicle rent, interest on staff loans; and interest on those receipts, subject to non engagement in commercial activity, unchanged nature of activities and income, and filing of return under clause (g) of sub section (4C) of section 139.

Income tax exemption under section 10(46): Kerala State Electricity Regulatory Commission's specified incomes exempt subject to conditions.
Notification under clause (46) of section 10 designates Kerala State Electricity Regulatory Commission as a notified body for exemption of specified income comprising State government grants and loans, licence fees and petition fees under the Electricity Act, 2003, and interest from investments. The exemption is subject to three conditions: no commercial activity, unchanged activities and income nature across financial years, and filing returns as required by clause (g) of sub section (4C) of section 139. The notification applies retrospectively to assessment year 2018 19 and to assessment years 2019 20 through 2022 23.

Tax exemption under section 10(46): Karnataka board's grant and interest income exempted subject to compliance conditions.
Notification under section 10(46) notifies Karnataka State Unorganised Workers Social Security Board, Bengaluru, to exclude specified income consisting of State Government Grant-in-Aid and interest earned thereon, subject to conditions that the board shall not engage in commercial activity, maintain unchanged activities and nature of specified income across financial years, and file income tax returns under clause (g) of sub-section (4C) of section 139; the notification applies retrospectively to assessment years 2017-18 and 2018-19 and for subsequent assessment years through 2021-22.

Exemption notification under section 10(46): specified incomes of Hyderabad Metropolitan Water Supply and Sewerage Board exempted subject to conditions.
Notification under clause (46) of section 10 exempts specified incomes of Hyderabad Metropolitan Water Supply and Sewerage Board, namely state grants, water and sewerage cess, connection charges, interest and penalties on delayed water cess, tanker supply receipts, tender form sales, centage income, rental receipts, and interest on deposits, subject to conditions that the board not engage in commercial activity, the nature of activities and incomes remain unchanged, and the board files returns as per clause (g) of section 139(4C); retrospectively effective for earlier assessment years and applicable to subsequent listed assessment years.

Appellate Authority for Advance Ruling constituted for Union territories, specifying member composition and territorial jurisdiction.
Constitution of the Appellate Authority for Advance Ruling is notified for specified Union territories, listing for each territory two designated members-a senior Central Tax official and the Union territory tax/administrative officer-thereby establishing the composition and officials empowered to exercise appellate functions in respect of advance rulings; the notification takes effect on publication in the official Gazette.

Advance ruling authority constitution notified for Union territories, specifying members and commencement on Gazette publication.
Constitution of the Authority for Advance Ruling is notified for the Union territories of Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, and Lakshadweep. The notification specifies the appointed Members for each Union territory and is issued under the Union territory Goods and Services Tax Act, the Central Goods and Services Tax Act, and the GST Rules. It comes into force on publication in the Official Gazette.

Consumer Welfare Fund expanded to define credits, governance, committee powers and grant and investment procedures.
The Rules amend refund procedure for inverted duty structure by substituting rule 89(5) with a formula capping refund at a proportion of Net ITC relative to Adjusted Total Turnover less tax payable, and substitute rule 97 to establish a Consumer Welfare Fund with specified credits, audit oversight, a Standing Committee empowered to regulate applicant registration, inspections, audits, grant recommendations, investments, recovery and guidelines, and to permit specified grants and reimbursements subject to prescribed conditions.

Extension of tenure for National Committee members to continue committee functioning under section 35AC; notification issued.
Central Government, invoking statutory powers under the Income-tax Act read with rule 11G of the Income Tax Rules, extends the tenure of the Chairman and fourteen members of the National Committee for Promotion of Social and Economic Welfare for a further six-month period commencing 1 October 2018, thereby preserving the Committee's composition and continuity through an administrative notification from the Ministry of Finance.

Rate revision under Bihar VAT notification: specified tax rates reduced and amended figures take effect immediately upon issuance.
Amendment substitutes "22.20" for "26.00" in column (2) of Sl. No. 1 and "15.00" for "19.00" in column (2) of Sl. No. 2 of the Table to the earlier notification; the substitutions take effect from the date of issue.

Creditor meeting and voting: expanded electronic notice, minutes distribution, e voting procedures and record preservation obligations apply.
The amendments require meeting notices to list discussion matters, voting issues, and provide relevant documents; mandate electronic circulation of minutes within forty eight hours and an extended electronic voting process for non voting members; require authorised representatives to circulate minutes and open a voting window for creditor instructions; and require authorised representatives to exercise votes by electronic means according to received instructions.

Jurisdiction allocation of income-tax appeals to Commissioner of Income-tax (Appeals) Bhopal-1 for specified territorial and subject-matter cases.
The Commissioner of Income-tax (Appeals), Bhopal-1, is designated to exercise powers and perform functions in respect of appeals arising from the Principal Commissioner/Commissioner of Income-tax, Bhopal-1, the Commissioner of Income-tax (TDS), Bhopal, and specified Principal Commissioners/Commissioners across Madhya Pradesh and Chhattisgarh, including all cases under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 within those territorial jurisdictions.

Input tax credit verification and supplier detail matching may limit ITC availment under prescribed procedural safeguards.
Ordinance amends the Bihar GST Act to refine definitions and supply classification, expand reverse charge notifications, revise composition scheme thresholds and registration rules, and introduce section 43A prescribing procedures for furnishing outward-supply details, recipient verification, limits on input tax credit availment where supplier details are not furnished, joint liability where details are furnished but returns not filed, and prescribed safeguards and thresholds for ITC and returns filing.

Reverse charge on purchases from unregistered suppliers imposed on notified recipients, with procedural ITC verification and supplier data obligations.
The amendment updates definitions and references, treats Schedule II as determinative for classifying supply as goods or services, empowers notification of classes liable on reverse charge for purchases from unregistered suppliers, revises composition scheme eligibility and caps on service supplies, and establishes a new procedural regime for furnishing outward supply details and recipient verification of input tax credit claims including caps, joint liability, and prescribed recovery mechanisms.

Anti-dumping duty on nylon filament yarn imposed on imports from Vietnam and EU to address dumping and injury
Imposition of anti dumping duty on Nylon Filament Yarn (tariff heading 5402) originating in or exported from Vietnam and the European Union, pursuant to Designated Authority findings of dumping, material injury and causation; duty rates are specified in a schedule against particular producers, exporters and country of origin/export permutations, with some combinations attracting nil duty and others specified amounts per metric tonne. Duties are payable in Indian currency, computed using exchange rates notified under the Customs Act, and are effective for a five year period from the commencement date unless earlier revoked or amended.

Import policy for urea amended: state trading channels specified and industrial-grade imports allowed with actual user condition.
Amendment revises urea import policy: imports are allowed through STC and MMTC under the Foreign Trade Policy, industrial/non agricultural/technical grade urea is permitted on a Free basis subject to an Actual User Condition, and Indian Potash Limited (IPL), Chennai is removed from the list of designated State Trading Enterprises.

Reconciliation Statement requirement mandates audited GSTR 9C reconciliation of turnover, tax liability and ITC with auditor certification and payment option.
Insertion of FORM GSTR 9C mandates a GSTIN wise reconciliation statement reconciling audited annual financial statements with the Annual Return (GSTR 9), covering gross and taxable turnover adjustments (unbilled revenue, advances, deemed supplies, credit notes, discounts, SEZ supplies, composition turnover, valuation and forex adjustments), rate wise tax liability reconciliation (including reverse charge, interest, fees and penalties), and detailed Input Tax Credit reconciliation with auditor recommendations on additional liabilities and certification requirements.

Extension of TRAN-1 filing deadline permitted on Council recommendation; TRAN-2 submission allowed subsequently under state GST rules.
The Commissioner may, on the recommendations of the Council, extend the date for electronic submission of FORM GST TRAN-1 up to 31st March, 2019 for registered persons who could not file due to technical difficulties; registered persons filing TRAN-1 under this extension may submit FORM GST TRAN-2 by 30th April, 2019. Rule 142(5) is amended to insert a reference to section 125 in addition to section 76.

Return filing requirement: Form GSTR 3B for prior transition period must be filed electronically through the common portal by deadline.
The Commissioner has inserted a proviso requiring that the return in FORM GSTR-3B for the period July 2017 to November 2018, by taxpayers who obtained GSTIN under Notification No. 31/2018, be furnished electronically through the common portal by the prescribed final date.

Electronic filing requirement for FORM GSTR-3B mandates taxpayers who obtained new GSTIN submit returns via common portal by deadline.
The inserted proviso mandates that the return in FORM GSTR-3B for the period July, 2017 to November, 2018 by taxpayers who obtained GSTIN under notification No. 31/2018 must be furnished electronically through the common portal on or before the 31st day of December, 2018.

Electronic filing requirement: GSTR-3B returns for specified GSTINs must be filed electronically on the common portal by the prescribed deadline.
Amendment requires that the return in FORM GSTR-3B for the period July 2017 to November 2018, by taxpayers who obtained GSTIN under the specified state notification, shall be furnished electronically through the common portal on or before the prescribed deadline, thereby modifying S.O. No. 61 and S.O. No. 131 under the Jharkhand GST framework.