Refund scope narrowed where notices span mixed periods; appeals may be partly withdrawn under amended provision to clarify authority powers.
Amendments to rule 164 clarify that no refund is available for tax, interest and penalty already discharged in full prior to the amendment when a notice includes demands partly for the transitional period and partly for other periods; and permit an applicant to intimate a partial withdrawal of appeal for the transitional period, enabling the appellate authority to decide on the remaining period and deeming the appeal withdrawn to that extent for withdrawal-consequence purposes.

Commencement of GST amendment rules: State appoints effective dates for specified provisions under Chhattisgarh GST.
The State Government, under section 164 of the Chhattisgarh GST Act and the Chhattisgarh GST (Amendment) Rules, 2024, appoints commencement dates: Rules 2, 24, 27 and 32 are deemed to have come into force on 11 February 2025; Rules 8, 37 and clause (ii) of rule 38 are deemed to have come into force on 1 April 2025, linking these appointments to the earlier amendment notification published in the Gazette.

Cooling-off period for director appointments limits immediate cross-appointments across exchanges and depositories with Board approval.
Requires prior Board approval and introduction of a cooling-off period for cross-appointments of non-independent directors and public interest directors between recognized stock exchanges, recognized clearing corporations and depositories; permits a further three-year appointment for public interest directors only after such cooling-off period and with Board approval, with the cooling-off obligation limited to appointments to competing exchanges or clearing corporations and an explanation treating a clearing corporation subsidiary and its stock exchange as a single entity for this purpose.

Director appointment restrictions: cooling-off periods required before non-independent or public interest directors join another depository or exchange.
Amendment to regulation 25 mandates that non-independent directors and public interest directors may be appointed to another depository, recognized stock exchange, or recognized clearing corporation only with the Board's prior approval and after a cooling-off period as specified by the appointing depository's governing board; the cooling-off requirement for public interest directors applies only when appointment is to a competing depository.

ITR 3 form for AY 2025-26 updated-new disclosure and reporting requirements for business and HUF taxpayers.
The Central Board of Direct Taxes has notified the Income tax (Thirteenth Amendment) Rules, 2025, substituting a revised FORM ITR-3 in Appendix II, effective 1 April 2025. The revised ITR 3 sets out expanded personal, filing status and audit disclosures; comprehensive business balance sheet, P&L, depreciation and presumptive income schedules; detailed capital gains, Virtual Digital Asset and pass through income reporting; foreign assets and DTAA relief schedules; GST and ESOP deferred tax entries; and integrated tax computation, AMT, TDS/TCS and refund bank details for AY 2025-26.

Tariff value fixation updated for specified edible oils, metals and areca nut, setting new customs valuation effective May.
The Central Board of Indirect Taxes & Customs, under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in the principal non-tariff notification to fix expressed tariff values in US dollars for specified imported goods - including edible oils, brass scrap, areca nut, and specified forms of gold and silver - and provides scope and limited explanations for certain entries. The notification is effective from 1st May, 2025.

Tariff classification update: Customs revises rice tariff subheadings and exemption entries, effective from 1 May 2025.
Amends specified customs exemption notifications to substitute, insert and reclassify tariff subheadings and exemption entries for parboiled rice, GI recognised rice, other parboiled rice and semi milled or wholly milled rice, and updates a 2024 notification's table entry to reference the revised subheadings, effective from 1 May 2025, thereby aligning exemption entries with changes in the Second Schedule to the Customs Tariff Act.

Export duty on rice imposed through amendments to Customs Tariff Second Schedule, narrowing tariff classifications and effective immediately.
The Central Government amends the Second Schedule to the Customs Tariff Act to create and substitute tariff entries distinguishing parboiled rice GI recognised, other parboiled rice, other rice GI recognised, and semi milled or wholly milled rice, prescribing a uniform export duty rate for those listed categories; certain tariff code entries are substituted to reflect reclassification. The amendment takes effect from 1 May, 2025 under the Government's statutory authority to levy export duty.

Rescission of customs notification restores import duty exemption following tariff rationalization, effective from May with savings for prior acts.
The Central Government rescinds Notification No. 04/2025 Customs (dated 1 February 2025) on the basis that the Basic Customs Duty tariff has been rationalized, giving effect to the rescission prospectively from 1 May 2025 while preserving consequences of actions done or omitted before rescission; the exercise is taken under powers conferred by the Customs Act in furtherance of public interest.

Customs tariff amendments update exemption schedules to align with Finance Act changes, replacing tariff codes and inserting entries.
Amendments directed to multiple customs exemption notifications to align tariff classification entries with changes effected by the Finance Act, 2025, achieved by substituting specified tariff headings and sub-headings and inserting new serial entries in the Tables of the cited principal notifications, thereby modifying the scope of goods eligible for exemption under those schedules.

Anti-dumping duty amendments update tariff classifications and substitute HS codes, aligning notifications with Finance Act changes.
Amends three existing Customs (Anti Dumping Duty) notifications by substituting specified tariff classification figures and HS code entries in their Tables with revised lists of tariff codes, thereby aligning those notifications with changes effected by the Finance Act, 2025. The notification takes effect from 1st May, 2025 and confines its operation to replacing listed tariff figures in the cited notifications.

Countervailing duty classification update: tariff headings revised to align with Finance Act amendments, effective from May.
Substitutes specified tariff item codes in Notification No. 05/2024 Customs (CVD) with a revised list of tariff figures to align the notification with changes made by the Finance Act, 2025; issued under section 9 of the Customs Tariff Act, 1975 and rules 20, 22 and 24 of the 1995 Rules; effective from 1st May, 2025.

Securitised debt trustee registration centralised; trustees must annually disclose litigations and servicing defaults to exchanges.
For securitised debt instruments, SCORES registration may be taken at the trustee level for the trustee's special purpose distinct entities. Special purpose distinct entities or their trustees must annually disclose to the stock exchange: outstanding litigations and material developments related to the originator, servicer or other transaction parties that could be prejudicial to investors; and defaults in connection with servicing obligations undertaken by the servicer.

Foreign currency account duration extended for Diamond Dollar accounts, increasing the required period in the application form.
The Reserve Bank of India amends Schedule II of the principal regulations by substituting the words and figures "2 Years" with the words "Three Years" in the first paragraph of the Annex titled 'Application For Opening Diamond Dollar Account/s', effective from publication in the Official Gazette.

Track and trace mechanism for specified goods creates unique identification marking obligations and new compliance and penalty duties.
The Act inserts a defined unique identification marking, introduces a track and trace scheme (Section 148A) empowering notification of goods and persons, mandating affixation of unique markings, electronic storage and reporting of specified information, and requires payment for the system; it adds a dedicated penalty (122B) for contravention in addition to existing penalties. It clarifies "plant and machinery", modifies statement and return language, tightens input tax credit reversal and credit-note provisos, imposes appeal pre-deposit conditions for penalty-only orders, and amends Schedule III to address SEZ/FTWZ warehouse supplies.

Income-tax rules amended: ITR-1 and ITR-4 replaced; Form 10BA must be furnished with the income tax return.
Amendments to the Income tax Rules, 1962 effective 1 April 2025 revise Rule 12 to expand and clarify eligibility for the simplified SUGAM (ITR 4) return-permitting certain assessees with presumptive business/professional income and only limited long term capital gains subject to specified loss conditions-and update a sub rule date. Rule 11B is amended to require furnishing Form 10BA with the return. Appendix II substitutes new ITR 1 and ITR 4 forms reflecting the revised eligibility and reporting requirements.

Waiver of interest and penalties: payment deadline set to qualify registered persons for relief upon notices or redetermination orders.
Notification fixes final dates by which specified classes of registered persons may pay tax to qualify for a waiver of interest and penalties under the interest and penalty waiver mechanism: one date for persons issued a notice, statement, or order and a separate cutoff of six months from the redetermination order for persons whose tax is redetermined following appellate directions.

Commencement of Mizoram GST Amendment provisions notified with staggered commencement for identified sections under the Amendment Act.
Notification appoints staggered commencement dates for provisions of the Mizoram Goods & Services Tax (First Amendment) Act, 2025: the date of Gazette publication for a subset of provisions, and an earlier calendar date for the remaining specified provisions, effected under the Act's power to appoint commencement dates.

Partial appeal withdrawal permits trimming appeals to a specified period, allowing orders on remaining tax demands while limiting refunds.
The rules limit refunds by specifying that no refund is available for tax, interest or penalty already discharged in full prior to the amendment where a demand covers both the transitional period and other periods. They also permit applicants to intimate partial non-pursuit of appeals for the specified period, enabling the appellate authority to decide the appeal for the remaining period and treating the intimation as a deemed withdrawal to that extent.

Regulatory amendment to infrastructure investment trusts expands proviso categories in regulation 18(4), broadening applicable items.
The amendment substitutes the proviso to regulation 18(4) of the Infrastructure Investment Trusts Regulations to read as including ", (v), (vi), (vii) and (viii)", thereby adding items (vi)-(viii) to the listed categories; the regulation is deemed effective from April 2, 2025 and is issued under the Board's statutory rulemaking powers.