Amendment to notification alters the specified operative date and declares the notification to come into force retrospectively.
The Finance Department substitutes the operative date in the prior notification's paragraph with a later specified date under statutory powers conferred by the Goods and Services Tax Act, while expressly providing that the notification shall come into force from the earlier stated operative date and referencing the principal notification.

Registration fee and compliance deadlines revised for foreign portfolio investors; late-fee payment preserves trading exit rights.
A foreign portfolio investor must pay registration fees for every three-year block before the block begins; payment within thirty days after block expiry together with the prescribed late fee will be treated as timely. Failure to pay required fees and late fees while continuing to hold securities or derivatives permits sale or winding up of positions within three hundred and sixty days from expiry of the thirty-day period under terms specified by the Board; failure to wind up will lead to deemed write-off as prescribed.

Tariff value fixation for edible oils, metals and areca nut updated, establishing new import valuation benchmarks effective early June.
Substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to fix US dollar tariff values for specified imported goods-edible oils, brass scrap, areca nuts-and unit tariff values for gold and silver in defined forms, exercising powers under section 14(2) of the Customs Act, 1962; the amendments take effect on 1 June 2024.

Special Additional Excise Duty on petroleum crude reduced; new per tonne rate substituted effective from June first.
Reduces the Special Additional Excise Duty on production of petroleum crude by substituting the per tonne rate in the Table of Notification No. 18/2022 Central Excise; the amendment is made under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002 and takes effect from the first day of June.

Extension of GSTR-1 filing deadline: March 2024 returns extended to 12 April, effective from 11 April.
Extension of the time limit for furnishing details of outward supplies in FORM GSTR-1 for registered persons required to furnish returns under the primary return-filing provision, excluding those filing under the proviso, for the tax period March 2024, is extended until the twelfth day of April, 2024; the amendment is effective from the 11th day of April, 2024.

Composition levy exclusion for suppliers of specified actionable claims; composition scheme not available to such registered persons.
The amendment excludes registered persons making supply of specified actionable claims from the composition levy under the composition scheme by inserting that such supplies are not covered by the composition levy, and the change is given retrospective effect to the notified commencement date.

Supply classification under section 15(5): online money gaming, other online gaming and casino actionable claims notified as specified supplies.
Notification under section 15(5) of the Chhattisgarh GST Act specifies three categories as notified supplies: supply of online money gaming; supply of online gaming other than online money gaming; and supply of actionable claims in casinos, with effect from the first day of October, 2023.

Commencement of Amendment Act provisions: specified sections are deemed to be in force with assigned retrospective commencement dates.
The State Government, exercising the power under sub section (2) of section 1, appoints commencement dates for parts of the Chhattisgarh Goods and Services Tax (Amendment) Act, 2024: sections 2-15 and sections 21-26 are deemed to have come into force on 1 October 2023, while sections 16-20 are deemed to have come into force on 1 August 2023, by Notification No. 48/2023 - State Tax issued by the Commercial Tax Department and signed by the Secretary.

Value of supply in online gaming clarified: deposits, virtual assets and casino token purchases form taxable value, refunds non deductible.
The amendment adds rules specifying valuation for GST: rule 31B sets the value of online gaming supplies, including actionable claims in online money gaming, as the total amount paid or payable to or deposited with the supplier by money or money's worth, including virtual digital assets, by or on behalf of the player, with refunds not deductible. Rule 31C sets the value of actionable claims in casinos as the total amount paid or payable by or on behalf of the player for purchase of tokens, chips, coins or tickets or for participation where such instruments are not required, with refunds not deductible; reused winnings not withdrawn are not treated as amounts paid to the supplier.

GST notification rescission under section 148 takes effect retrospectively from 1 January 2024.
The State Government rescinds the Uttarakhand GST notification dated 24 November 2023 in exercise of power under section 148 of the Uttarakhand Goods and Services Tax Act, 2017, on the recommendation of the Council and in public interest. The rescission is subject to preservation of things done or omitted to be done before it, and is deemed to have come into force from 1 January 2024.

Special GST procedure for tobacco and pan masala manufacturers requires machine disclosures, monthly statements, and engineer certification.
Special procedure is prescribed for registered persons manufacturing specified tobacco, pan masala, gutkha and allied goods, requiring electronic reporting of packing-machine particulars in FORM GST SRM-I, monthly statements in FORM GST SRM-II, and a chartered engineer certificate in FORM GST SRM-III. The procedure covers details of existing, newly installed, amended and disposed machines, declared capacity, other governmental declarations, production, inputs and power consumption, with a unique machine registration number generated on the portal. The Schedule identifies the covered goods and the notification applies from 1 April 2024.

Restriction on input tax credit where supplier charges a higher state tax rate, limiting credit to the lower rate portion.
The notification inserts a restriction that where a supplier of an input service in the same line of business charges State tax at a rate higher than 2.5%, input tax credit on that input service in excess of tax paid or payable at 2.5% shall not be taken, illustrated by an example limiting credit to the 2.5% portion. Parallel provisos are added against serial numbers 8 and 10; textual substitution and omission are made at serial number 34; and serial numbers 696 and 698 in the annexure are omitted.

Territorial jurisdiction revised: specified tehsils removed or substituted in central tax notification altering commissioner jurisdictions.
Amendment to Table II of Notification No. 02/2017-Central Tax revises territorial entries: at serial number 7 the tehsil listing is substituted with "Neem ka Thana, Jhunjunu and" removing other localities, and at serial number 49 specified tehsils under the Kotputli-Behror district are omitted from column (3), thereby altering the territorial jurisdiction assigned to Principal Commissioners, Commissioners of Central Tax and their subordinate officers.

Specified actionable claim: amendment adds gambling-related actionable claims to Schedule IV, effective from October first.
Amendment inserts Schedule IV entry 227A defining "specified actionable claim" to include betting, casinos, gambling, horse racing, lottery and online money gaming, omits former entries 228 and 229, and adds an Explanation that undefined terms take meanings from the Chhattisgarh GST Act, IGST Act and UTGST Act; effective from October 1, 2023.

Tax exemption notification: Mathura Vrindavan Development Authority notified as eligible, subject to statutory purpose condition.
Notification designates the Mathura Vrindavan Development Authority, constituted under the Uttar Pradesh Urban Planning Development Act, 1973, as the notified assessee under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act; effective from assessment year 2024-25 and conditional on continuation as an authority with one or more purposes specified in sub-clause (a) of clause (46A) of section 10.

Jurisdictional allocation under central GST revised as districts and tehsils in Rajasthan reassigned among specified tax officer jurisdictions.
Amendment revises territorial allocation in Table II of Notification No. 02/2017-Central Tax by substituting the entries for specified serial numbers to reassign listed districts and tehsils in Rajasthan to the Alwar, Jaipur, Jodhpur and Udaipur Central Tax jurisdictions, with the substituted entries treated as deemed substitutions for jurisdictional administration under the CGST and IGST Acts.

Countervailing duty on saccharin imports from China extended pending statutory review and continuation under Customs Tariff Act powers.
The Central Government amended Notification No. 2/2019 Customs (CVD) to insert a paragraph providing that, notwithstanding paragraph 2 of that notification, the countervailing duty on "Saccharin in all its forms" originating in or exported from China PR shall remain in force up to and inclusive of the 28th February, 2025, unless revoked, superseded or amended earlier, following initiation of a continuation review under sub section (6) of section 9 of the Customs Tariff Act.

Subordinate units in InvITs: private issuer-only instruments convertible on objective performance benchmarks, with issuance, transfer and disclosure limits.
Regulations allow privately placed subordinate units issued only to sponsors or related entities as consideration on project acquisition, carrying no voting or distribution rights, with distinct ISINs, lock-in and restricted transferability; issuance is limited to ten percent of acquisition price and outstanding subordinate units to ten percent of ordinary units. Reclassification into ordinary units requires auditable performance benchmarks, a minimum three-year entitlement period, statutory auditor certification and trustee approval, with extinguishment if benchmarks are unmet. Extensive term sheet, disclosure, listing, diluted NAV and unitholding-reporting obligations apply, and public issues are prohibited while subordinate units remain outstanding.

Consent-based information sharing: designation of Public Tech Platform for Frictionless Credit enables portal-to-platform data exchange under GST framework.
Notification designates Public Tech Platform for Frictionless Credit as the system with which the common portal may share information based on consent under sub section (2) of Section 158A of the Bihar Goods and Services Tax Act, 2017. The platform is defined as an enterprise grade open architecture IT platform enabling access to various data sources, convergence of financial and data service providers, and operation on a standard, protocol driven architecture with an open, shared API framework.

Higher rate TCS: Reserve Bank of India notified under the proviso to section 206CCA, effective on publication.
Central Government notifies the Reserve Bank of India to be the person referred to in clause (ii) of the proviso to sub-section (3) of section 206CCA of the Income-tax Act, 1961, relating to collection of tax at source at a higher rate for non-furnishing of income-tax returns; the notification takes effect from its publication in the Official Gazette.