Recognition renewal for a clearing corporation under securities regulations subject to regulatory conditions and ongoing compliance.
Renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 is granted to India International Clearing Corporation (IFSC) Ltd for a fixed one year period under powers conferred by section 4 read with sub section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, on the condition that the clearing corporation shall comply with conditions specified by the regulator from time to time and with any conditions that may be prescribed or imposed subsequently.

Summary Settlement Procedure allows SEBI to offer settlement notices enabling resolution upon payment and specified undertakings.
The amendment inserts a Summary Settlement Procedure allowing the Board to issue a settlement notice inviting a noticee to file a settlement application, remit a settlement amount and/or furnish or comply with non monetary undertakings for specified defaults (such as late filings, delayed or missing disclosures, format failures and other Board determined violations). The noticee must act within prescribed periods or seek rectification of amount discrepancies; the Board may extend time limits, may refuse settlement for incomplete disclosure or non cooperation, and retains power to modify enforcement action. Schedule III sets out the notice form and required content.

Special Economic Zone designation at Raidurg-approval committee constituted and zone deemed Inland Container Depot for IT/ITES operations
Notification designates 2.02 hectares at Raidurg Panmaktha village as a Special Economic Zone for IT/ITES after satisfying requirements under section 3 of the SEZ Act; it specifies Survey No. 83/1 and the total area. The Central Government constitutes an Approval Committee under section 13 with listed ex officio members and a developer representative as special invitee. The zone is also declared to be deemed an Inland Container Depot under section 7 of the Customs Act, 1962, from the appointed date.

Special Economic Zone expansion notified under SEZ Act, adding land to existing SEZ and updating total area.
The Central Government notifies inclusion of an additional 0.29.93 hectares at Vallancheri and Potheri Villages into a sector specific Special Economic Zone for Electronic Hardware and Software including IT/ITES, pursuant to section 4 of the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zones Rules, 2006, thereby making the SEZ's total area 11.38.93 hectares, and identifying the relevant survey numbers forming the added area.

Late fee waiver for specified GSTR-3B return filings, relieving registered persons of late fee liability for that period.
The Governor, on the Council's recommendation and invoking powers under the Uttar Pradesh Goods and Services Tax Act and the General Clauses Act, waives the late fee payable under the State GST law for all registered persons who failed to furnish the return in FORM GSTR-3B for the specified monthly return period by the due date.

Terminology correction in GST rules: standardises "State/Union territory tax" and clarifies "deemed export supplies" wording.
All instances of "State tax/Union territory tax" in specified tables and statements of FORM GSTR-1, FORM GST RFD-01 and FORM RFD-01A are replaced by "State/Union territory tax", and the phrase "Recipient of deemed export/Supplier of deemed export" is substituted with "Recipient of deemed export supplies/Supplier of deemed export supplies" in the listed form statements.

Appellate authority for advance rulings established to hear appeals against state advance rulings, effective immediately.
The State Government, under section 99 of the Rajasthan GST Act, 2017, constituted the Rajasthan Appellate Authority for Advance Ruling to hear appeals against rulings of the Rajasthan Authority for Advance Ruling; the authority will consist of the Chief Commissioner of central tax as designated by the Board and the Commissioner of State tax, with headquarters at Jaipur, effective 22 December 2017.

Advance ruling framework takes effect, commencing the Rajasthan Authority for Advance Ruling under the state GST regime.
Rajasthan Authority for Advance Ruling is brought into operation from 22 December 2017. The State Government appoints that date for commencement of the earlier notification concerning the Authority for Advance Ruling under the Rajasthan Goods and Services Tax Act, 2017.

Non-resident return filing deadline extended for specified months to allow submission until end of January.
The time limit for furnishing the return by a non-resident taxable person in FORM GSTR-5 for July through December 2017 is extended until 31 January 2018, under sub-section (6) of section 39 of the Assam Goods and Services Tax Act, 2017 read with rule 63 of the Assam GST Rules, superseding the earlier notification of 15 November 2017 except as to prior actions.

Input tax credit declaration deadline extended; eligible registrants may file FORM GST ITC-01 by the notified deadline.
Extends the time limit for submission of FORM GST ITC-01 by persons who became eligible during July-November 2017 to declare eligibility to avail input tax credit under sub section (1) of section 18 of the Assam GST Act, 2017, with the new last date for such declarations set at 31 January 2018.

Tax exemption for SEEPZ Authority under section 10(46) exempts specified income subject to compliance and filing conditions.
Notification under clause (46) of section 10 designates SEEPZ Special Economic Zone Authority as exempt in respect of lease rentals/service charges from SEZ units, gate pass entry fees, fines and penalties and other miscellaneous income (including sale of garbage), and interest on bank deposits and investments, subject to conditions that the Authority shall not engage in commercial activity, its activities and the nature of specified income remain unchanged across the financial years, and it files its return of income as prescribed.

Tariff concessions under India Korea CEPA increased by substituting revised rates for specified tariff entries, effective thereafter.
Amendment substitutes revised entries in column (4) of the Table in Notification No.152/2009 Customs for numerous listed serial numbers to implement deeper tariff concessions for specified goods imported from Korea under the India Korea CEPA; the Central Government exercises its powers under the Customs Act to make these substitutions and brings the changes into force from the notified commencement date.

Concessional customs duty rate for specified gearboxes under IJCEPA deepened, applying from the notified effective date.
Amends Notification No. 69/2011 Customs by substituting the entry in column (4) at S. No. 746 with the concessional basic customs duty rate "6.88" for tariff item 8708 40 00 (gear box and parts thereof) when imported under the India Japan Comprehensive Economic Partnership Agreement; the amendment is made under section 25(1) of the Customs Act, 1962 and shall take effect from 1 January 2018.

Deemed export refunds: amended GST forms require specific statements and declarations for claimants, plus an ITC inverted structure statement introduced.
Amends Gujarat GST Rules to revise FORM GSTR-1 Table 6 for separate reporting of exports, SEZ supplies and deemed exports, and amends FORMS GST RFD-01 and RFD-01A by expanding recipient/supplier designation, inserting Statement 1A for ITC accumulated due to inverted tax structure, inserting Statement 5B for deemed export refunds, and replacing declarations and undertakings to require claimants to certify invoice listing, input tax credit compliance and repayment obligation if statutory conditions are not met.

Tax obligation on non-composition dealers: pay state tax at time of supply and file Chapter IX returns accordingly.
Registered persons not opting for the composition scheme must pay state tax on outward supplies at the time of supply, including in situations where special supply rules apply, and must furnish details and returns as prescribed in Chapter IX of the Act, with payment timelines as specified in the Act.

Registration exemption for service suppliers via e commerce platforms when turnover is below prescribed threshold, reduced for special category states.
Supplies of services made through an electronic commerce operator by persons subject to tax collection at source are exempt from compulsory registration if their aggregate turnover on an all India basis does not exceed twenty lakh rupees in a financial year; a lower aggregate turnover threshold applies to suppliers in special category States. The exemption excludes services specifically carved out by the statute and takes effect from 15 November 2017.

GST rule amendments allow manual refund filing, make supplier issuance optional, and set appellate routes and deadlines.
Amendments effective 15 November 2017 clarify that exempt supplies exclude specified services, convert a mandatory supplier issuance obligation into discretion, permit manual filing and issuance alongside electronic processes for prescribed applications and notices, establish internal appellate routes with three month and six month limitation periods depending on the appellant, and introduce manual refund application and refund order forms with specified declarations and annexures for calculating refunds.

Extension of filing deadline for Form GSTR-5 permits consolidated submission for specified months under GST rules.
The Commissioner extends the filing deadline for returns in FORM GSTR-5 by non-resident taxable persons, covering monthly returns from July through December 2017, superseding the earlier notification and prescribing a single extended final submission date.

Deemed notification: central tax extensions and bonds treated as state notifications, and refunds procedure and forms amended.
Amendments to the Odisha GST Rules substitute provisos and sub-rules to deem certain Central GST notifications and bonds effective under the State rules, clarify inspection wording in rule 138C, and permit the Commissioner, in consultation with the Chief Commissioner of Central Tax, to notify movement limits. Form amendments replace Table 6 of GSTR-1 for zero-rated supplies and imports new statements and revised declarations and undertakings in FORM GST RFD-01 and RFD-01A to capture refunds for inverted tax ITC and deemed exports and to require reciprocal declarations and repayment undertakings.

Tax exemption for notified society covers grant-in-aid and CCTNS interest subject to non-commercial use and filing conditions.
Notification under section 10(46) designates the Himachal Pradesh Computerization of Police Society as a notified body exempt for specified income consisting of grant-in-aid and interest on the CCTNS fund, subject to conditions that it shall not engage in commercial activity, its activities and specified income remain unchanged across the financial years, and it files returns as required by clause (g) of sub section (4C) of section 139; the notification is applied retrospectively to specified earlier financial years and to the current listed year.