Drop of registration cancellation when pending returns are filed and tax, interest and late fee fully paid.
A proviso to rule 22(4) mandates that where a person, instead of replying to a cancellation notice under section 29(2)(b) or (c), furnishes all pending returns and makes full payment of tax with applicable interest and late fee, the proper officer shall drop the cancellation proceedings and pass an order in FORM GST-REG 20.

Quarterly GSTR-1 filing extension for small taxpayers allowed until specified deadlines with staggered quarterly cutoffs
Notification prescribes extended, staggered deadlines for furnishing details of outward supplies in FORM GSTR-1 for specified quarters from July 2017 to March 2019 by registered persons below the notified turnover threshold, superseding earlier notifications. It mandates electronic filing through the common portal for taxpayers in certain jurisdictions and for those newly allotted GSTIN under a prior State notification, and indicates that time limits for related returns under the relevant sections will be notified later.

Government ownership threshold clarifies exemption applicability to entities controlled directly or through wholly government owned entities.
An Explanation is added to the notification to define that the exemption applies where the Central Government, State Government or Union territory holds fifty per cent or more ownership in the entity, directly or through an entity wholly owned by the Central Government, State Government or Union territory; the amendment is effective from 20th September, 2018.

Tax rates for motor fuels revised: petrol and diesel taxed at percentage or per litre minimum, whichever is greater.
The notification amends Schedule-IV of the Uttar Pradesh Value Added Tax Act, 2008 by substituting entries for petrol and diesel. Petrol is taxed at 23.78% or Rs. 14.41 per litre, whichever is greater, and diesel (as defined under the United Provinces Sales of Motor Spirit, Diesel Oil and Alcohol Taxation Act, 1939, except where otherwise specified) is taxed at 14.05% or Rs. 8.43 per litre, whichever is greater; the point of tax for both is indicated as "M or l."

GST Amendment clarifies reverse charge and prescribes supplier portal verification for input tax credit claiming in returns.
The Act amends definitions and classification rules, expands reverse charge by allowing notified recipients to pay tax on supplies from unregistered suppliers, and inserts section 43A prescribing procedures for suppliers to furnish outward-supply details on a common portal and for recipients to verify and avail input tax credit, including limits where supplier details are not furnished and joint and several liability for tax or wrongly availed credit subject to prescribed recovery safeguards.

Exchange rate determination for customs: specified currency conversion rates fixed for import and export valuation.
Under Section 14 of the Customs Act, 1962 the board fixes official exchange rates for converting specified foreign currencies to Indian rupees for customs valuation of imported and exported goods, with separate import and export rates set out in Schedule I and Schedule II (Japanese Yen per 100 units); the notification supersedes the earlier board notification but does not affect acts done before its supersession, and takes effect from the stated operative date.

Tax Collection at Source requirement: e-commerce operators must collect from intra-State taxable supplies when they collect consideration.
Every electronic commerce operator, not being an agent, shall collect an amount calculated at the prescribed rate of the net value of intra State taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by the said operator.

Excise duty reduction on petrol and diesel replaces per litre rates, taking effect from early October.
Amendment to Notification No. 11/2017-Central Excise substitutes new per litre entries in the Table for motor spirit (petrol) and high-speed diesel by replacing the entries against the items at serial numbers 2 and 3; the changes are made under sub-section (1) of section 5A of the Central Excise Act, 1944 and shall come into force with effect from the 5th October, 2018.

Regulation of stock exchange governance: SEBI issues rules on recognition, ownership and governance of exchanges and clearing corporations.
The Securities and Exchange Board of India promulgated the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 under statutory powers to establish a regulatory framework governing recognition, ownership structures and governance arrangements for stock exchanges and clearing corporations, including standards for eligibility, ownership limits, transfer of control, and governance safeguards to protect market integrity.

Depositories and Participants regulations establish SEBI's rulemaking under SEBI Act and Depositories Act powers for governance.
Promulgation of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 establishes a consolidated regulatory framework for depositories and participants under the rulemaking powers conferred by section 30 of the principal securities regulator statute read with section 25 of the Depositories Act, creating the statutory basis for supervision, compliance obligations, governance standards and operational rules applicable to depository participants.

Appointment of Administrator establishes a regulated procedure to collect, verify and refund investor claims under supervision.
Appointment of an independent Administrator and a structured mechanism for returning funds to investors are established; the regulations prescribe circumstances for appointment, the Administrator's authority to take custody of assets and records, and a procedural framework for collecting, verifying and disbursing investor claims, with safeguards on documentation, timelines, dispute resolution and regulatory oversight to ensure orderly administration and investor protection.

Collection obligation for electronic commerce operators to remit a specified percentage on intra State taxable supplies when they collect payment.
Electronic commerce operators, not being agents, must collect an amount at a rate of half per cent of the net value of intra State taxable supplies made through them by other suppliers where the consideration is collected by the operator; the requirement is effective from 20th September, 2018.

Late fee waiver for GST returns: relief for specified GSTR-3B, GSTR-4 and GSTR-6 filing errors.
Waiver of late fees under section 128 waives charges under section 47 for three categories: (i) persons whose FORM GSTR-3B for October 2017 was submitted but not filed after generation of the application reference number on the common portal; (ii) persons who filed FORM GSTR-4 for October-December 2017 by the due date but were erroneously levied late fee on the common portal; and (iii) Input Service Distributors who paid late fee for FORM GSTR-6 filing or submission for tax periods between 1 January 2018 and 23 January 2018. The notification is deemed effective from 4 September 2018.

Extension of TRAN-1 filing: authorized relief for registrants affected by portal technical difficulties; TRAN-2 submission allowed thereafter.
A new sub-rule authorises the Commissioner, with Council recommendation, to extend the electronic filing date for FORM GST TRAN-1 for registered persons who could not file due to technical difficulties on the common portal; those filing under this extension may submit the related FORM GST TRAN-2 statement by a later specified date. Additionally, rule 142(5) is amended to add a cross-reference to section 125 alongside section 76.

Annual Return requirements updated to include detailed ITC, turnover and tax payment disclosures and new form formats.
A new proviso to rule 22(4) mandates that cancellation proceedings under section 29(2)(b) or (c) be dropped and an order in FORM GST-REG-20 issued where the taxpayer furnishes all pending returns and makes full payment of tax, interest and late fee; rule 36(2) is amended to allow input tax credit where a document, though missing some particulars, contains tax charged, description, total value, supplier and recipient GSTIN and place of supply for inter-State supplies; various forms including REG-20, ITC-04, GSTR-9/GSTR-9A and EWB-01 are substituted or inserted with detailed tables and instructions.

Extension of time for finalising export modalities of Red Sanders wood; allocations and export processes must be completed by notified deadline.
The Central Government amends prior Foreign Trade Policy notifications to require the designated export authority and the State Governments to finalise modalities, including allocation of quantities to authorised entities, and to complete the entire export process for allocated quantities of Red Sanders wood by the extended deadline; these allocations and processes remain subject to any orders or submissions before competent courts, and other notification provisions remain unchanged.

Import policy amendment: restricted items reclassified as free imports subject to pre-import No Objection Certificate for controlled substances.
The amendment changes import policy for specified entries under Chapters 29 and 30 of ITC (HS), 2017, Schedule I from Restricted to Free, subject to pre-import compliance conditions. Most items are revised to "Free" while remaining subject to Policy Condition No. 3; several entries explicitly require a No Objection Certificate from the Narcotics Commissioner, Gwalior before import. The change is issued under Section 3 of the Foreign Trade (D&R) Act, 1992 and relevant Foreign Trade Policy provisions and applies only to the listed tariff lines, preserving applicable regulatory controls on controlled substances and precursors.

Jurisdiction under Black Money Act assigned to specific Commissioners (Appeals); regions must issue notifications and forward copies.
CB: Designation of specific Commissioners (Appeals) to exercise appellate jurisdiction under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 for each CCA region; an additional Commissioner (Appeals) in Delhi is authorized to handle appeals relating to international taxation under the BM Act. Pr.CCIT offices must issue the required notifications and forward copies to the Board for record.

Constitution of National Financial Reporting Authority appointed under section 132 Companies Act as the commencement date.
Appoints 1 October 2018 as the date of constitution of the National Financial Reporting Authority pursuant to the powers under section 132 of the Companies Act, 2013, by formal Central Government notification, fixing the commencement date for the regulatory body's constitution.

Statutory commencement: Government notification brings specified Companies Act provisions into force on the appointed date.
The Central Government issued a notification appointing 1st October 2018 as the date on which the provisions of sub-sections (1) and (12) of Section 132 of the Companies Act, 2013 shall come into force, constituting a formal statutory commencement by government notification and identifying the operative date for those provisions to take effect.