Pre-packaged and labelled goods classification excluded for certain large-pack agricultural produce, altering IGST exemption scope on inter-state supplies.
The amendment inserts a proviso clarifying that notwithstanding the Legal Metrology Act and its rules, supply of agricultural farm produce in packages containing quantities above standard retail package sizes shall not be regarded as pre-packaged and labelled for the purposes of Notification No. 2/2017-Integrated Tax (Rate), thereby refining the scope of that expression in relation to IGST treatment of inter-state supplies.

GST classification update adds and exempts specified cartons, milk cans and solar cookers, and clarifies packaging rule.
The notification amends Notification No. 1/2017-State Tax (Rate) by inserting specified cartons, boxes and cases, milk cans of iron, steel or aluminium, and solar cookers into the lower-rate schedule; revising Schedule III entries to exclude or reclassify those items and to treat aluminium milk cans and solar cookers distinctly; and inserting a proviso that agricultural farm produce in packages exceeding 25 kilogram or 25 litre shall not be considered "pre-packaged and labelled" under the Legal Metrology Act.

GST rate amendments: cartons, milk cans and solar cookers reclassified with altered UTGST rates effective from mid July.
The notification amends UTGST rate schedules to reclassify cartons and boxes of paperboard, milk cans of iron, steel or aluminium, and solar cookers into specified rate entries, adjusts related schedule entries and exclusions for parts and utensils, and inserts a proviso excluding agricultural produce supplied in packages over 25 kilogram or 25 litre from the expression "pre-packaged and labelled".

IGST rate amendments reclassify packaging, milk cans and solar cookers, altering integrated tax treatment effective from mid July.
Amendments reclassify specified goods between the 12% and 18% IGST schedules by inserting carton and paperboard items, milk cans of iron, steel or aluminium, and solar cookers into the 12% list, restating residual paperboard entries in the 18% list to exclude the newly inserted items, specifying exclusions and inclusions for milk cans and solar cookers in related entries, and adding an Explanation proviso that agricultural farm produce in packages over 25 kilogram or 25 litre is not to be treated as pre-packaged and labelled. Effective 15 July 2024.

GST rate changes: reclassification of cartons, milk cans and solar cookers and clarification on farm produce packaging.
The notification amends CGST schedules by adding cartons of corrugated and non-corrugated paperboard, specified milk cans of iron, steel or aluminium, and solar cookers to the 6% schedule; narrows and amends several 9% entries to exclude those cartons and certain milk cans and to include solar cookers with wood burning stoves; and inserts a proviso that agricultural produce packaged in quantities over 25 kilogram or 25 litre shall not be treated as 'pre-packaged and labelled' under the Explanation to Schedule VII. The amendments commence on 15 July 2024.

Compensation cess exemption for Unit Run Canteen supplies under heading 2202 to authorised customers takes effect.
The Central Government exempts supply of goods falling under heading 2202 by a Unit Run Canteen (URC) to authorised customers from the whole of the Goods and Services Tax Compensation Cess leviable under section 8 of the Goods and Services Tax (Compensation to States) Act, 2017. The exemption is made under powers conferred by the Central GST, Integrated GST and Compensation to States Acts on the recommendations of the Council. References to tariff item, heading, sub-heading and Chapter follow the First Schedule to the Customs Tariff Act, 1975 and its interpretative rules.

Listing prohibition on migrated venture capital funds restricts unit listing for a post-issuance period while registration and investment limits govern operations.
This amendment creates a migrated venture capital fund category with a Board-driven registration process requiring prior VCF registration, fit-and-proper status, prescribed disclosures, minimum investor ticket sizes and firm investor commitments. Migrated funds may raise capital only by private placement, must issue and file placement memoranda or subscription agreements, are barred from launching new schemes, face investment concentration and asset-class allocation limits, may receive specified exceptions for market making, and are subject to tenure, liquidation, record-keeping and listing restrictions as prescribed by the Board.

Annual return filing exemption granted for registered persons with turnover up to two crore rupees in FY 2023-24.
Registered persons whose aggregate turnover in financial year 2023-24 is upto two crore rupees are exempted from filing the annual return for that year under the first proviso to section 44 of the Uttar Pradesh Goods and Services Tax Act, 2017. The exemption is issued by the Commissioner on the recommendations of the Council and is deemed to have come into force on 10 July 2024.

Limitation extension for recovery orders under section 73 broadens deadlines for tax and input tax credit recoveries.
The State extends the period under sub section (10) of section 73 for issuance of orders under sub section (9) of section 73 for recovery of tax not paid or short paid and recovery of input tax credit wrongly availed or utilized, exercising powers under section 168A read with section 20 of the Integrated GST Act and partially modifying earlier notifications.

GST deadline substitution extends the sixth-proviso date with retrospective effect from the specified commencement date.
Section 128 powers amend the sixth proviso by replacing 30 June 2023 with 31 August 2023 as the operative deadline. The substituted date is deemed to apply from 30 June 2023, giving the amendment retrospective commencement from that date.

Annual return exemption for small-turnover registered persons removes the financial-year filing requirement subject to the prescribed turnover threshold.
Registered persons whose aggregate turnover in the financial year 2023-24 is up to two crore rupees are exempt from filing the annual return for that financial year. Eligibility depends on aggregate turnover for that financial year, and persons exceeding the stated threshold are outside the exemption. The exemption takes effect from 10 July 2024.

Tax collection at source reduced for intra State e commerce supplies, lowering operator collection obligation on net value.
Amendment reduces the rate of tax collection at source to be collected by every electronic commerce operator on intra State taxable supplies by substituting the earlier rate expression with a lower rate; the obligation applies to the tax computed on the net value of intra State taxable supplies and the amendment takes effect from the date of publication in the official gazette.

Exemption from annual return filing granted for small-turnover registered persons based on Commissioner authority and Council recommendation.
Exemption from filing an annual return is provided for registered persons whose aggregate turnover in the specified financial year does not exceed a prescribed turnover threshold, issued by the Commissioner under the statutory proviso on the recommendation of the GST Council, relieving qualifying registered persons of the annual return filing requirement for that period.

Rescission of Aadhaar biometric authentication exemption restores biometric requirement under rule 8(4B) and takes immediate effect.
The Central Government rescinds the prior notification exempting biometric-based Aadhaar authentication under rule 8(4B) of the CGST Rules, thereby restoring the regulatory requirement for biometric Aadhaar authentication where applicable. The rescission preserves actions or omissions effected before its commencement and takes effect on publication in the Official Gazette.

Registration verification and new GSTR 1A amendments tighten GST reporting and streamline ITC reconciliation across returns.
Amendments revise CGST Rules to require in person photographic and original document verification for non Aadhaar registrations, introduce FORM GSTR 1A to amend outward supplies after filing GSTR 1 until filing GSTR 3B with corresponding flow into recipient statements and GSTR 2B, restate Input Service Distributor distribution rules including pro rata apportionment and separate tax type allocations, expand electronic refund procedures for post export price revisions and Canteen Stores Department quarterly refunds, standardize appellate electronic filing and withdrawal procedures, and add portal enrolment for unregistered e way bill generators.

Tax collection at source reduced for e-commerce operators, lowering the TCS rate for inter-State taxable supplies.
Amends Notification No. 02/2018-Integrated Tax to reduce the rate of tax collection at source to be collected by electronic commerce operators for inter-State taxable supplies, and extends application to other suppliers where consideration is collected by the operator; effective from date of publication in the Official Gazette.

Rate of tax collection at source amended to a lower fractional rate under Union Territory GST notification.
Amendment substitutes the words "half per cent." with the figure and words "0.25 per cent." for the rate of tax collection at source in Notification No. 12/2018-Union Territory Tax, effected by the Central Government under the powers of the Union Territory GST Act and the Central GST Act, and the amendment is to come into force from the date of its publication in the Official Gazette.

Unit based employee benefit schemes regulated: framework for employee unit option schemes, acquisition limits, vesting, disclosure and governance.
Regulations create a framework for unit based employee benefit schemes implemented as employee unit option schemes through separate employee benefit trusts, stipulating permissible modes for the trust to receive units (including in lieu of management fees, gifts or manager transfers), prohibiting subordinate units, limiting secondary acquisitions, requiring unitholder approvals for specified actions, prescribing trustee qualifications, imposing vesting and lock-in requirements, mandating disclosure, accounting and insider trading compliance, and detailing trust deed and scheme content requirements in Schedule X.

Unit based employee benefit scheme framework allows InvIT managers to grant units via employee trusts, with governance and disclosure controls.
The amendment permits investment managers to implement unit based employee benefit schemes via separate employee benefit trusts, defining eligible acquisitions (in lieu of management fees, gifts, transfers, or secondary acquisition) and imposing limits on secondary acquisitions, mandatory unitholder approvals, trustee registration requirements, governance by the nomination and remuneration committee, non-voting status of trust-held units, prohibition on trust trading, vesting and lock-in rules, and comprehensive disclosure, accounting and reporting obligations.

Disclosure of taxpayer information: Central government specifies APC and Secretary, Agriculture & Co operation Telangana under Section 138 for disclosure.
The Central Government, under the Income tax disclosure provision, designates the Agriculture Production Commissioner and the Secretary to the Government, Agriculture & Co operation Department, Government of Telangana as the specified functionaries authorised to receive information respecting assessees for the purposes of the cited clause, enabling inter departmental information sharing within the statutory disclosure framework.