Due date extension for GSTR-7: April-June 2023 returns for Manipur registrants postponed to 31 July 2023.
The Commissioner amends the principal notification to include June 2023 with April and May 2023 for Form GSTR-7 filing by registrants whose principal place of business is in Manipur, and substitutes the prior due date with 31st July 2023; the amendment is effective from 30th June 2023.

Extension of GSTR-3B due date: filing permitted later for Manipur-based registrants required under proviso to section 39.
The Commissioner, pursuant to powers under the Central Goods and Services Tax Act and on Council recommendation, extends the due date for furnishing FORM GSTR-3B for the quarter ending June, 2023 until the twenty-fifth day of August, 2023 for registered persons whose principal place of business is in Manipur and who are required to furnish the return under the proviso to sub section (1) of section 39 read with clause (ii) of sub rule (1) of rule 61 of the Central Goods and Services Tax Rules, 2017.

GSTR-3B due date extension for affected registered persons; returns may be filed by the revised consolidated deadline.
The amendment extends the period to furnish FORM GSTR-3B to include April, May and June, 2023 for registered persons whose principal place of business is in Manipur, and substitutes the earlier due date with the thirty-first day of July, 2023; the notification is deemed effective from the thirtieth day of June, 2023.

Due date extension for GSTR-1: furnishing by taxpayers in Manipur for April-June extended to 31 July.
The amendment extends the due date for furnishing FORM GSTR-1 to cover tax periods April 2023, May 2023 and June 2023 for registered persons whose principal place of business is in the State of Manipur, substitutes the earlier deadline with a later compliance date, and declares the amendment deemed to have come into force from 30th June 2023.

Competition law exemption: specified Regional Rural Bank excluded from anti-competitive agreement and dominance provisions for a limited period.
Central Government exempts a notified Regional Rural Bank, in public interest and under statutory exemption authority, from the Competition Act provisions addressing anti-competitive agreements and abuse of dominant position for a five-year period from publication in the Official Gazette.

Fixation of tariff value establishes regulatory benchmark values for imports, affecting customs assessment and valuation procedures.
The Central Board of Indirect Taxes & Customs amends the principal non-tariff notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values in US dollars for specified imported goods, including various edible oils, brass scrap, defined forms of gold and silver, and areca nuts, to be applied for customs assessment and related non-tariff purposes; the substitution operates as the regulatory valuation schedule and takes effect on the stated operative date.

Exemption from return filing limited to registered Category I/II investment funds regulated under AIF or IFSC fund management rules.
Amendment replaces the definition of investment fund for the exemption under section 139(1), specifying that qualifying funds must be established in India as a trust, company, limited liability partnership or body corporate, hold registration as Category I or Category II Alternative Investment Funds, and be regulated under the Alternative Investment Fund regulations or Fund Management regulations under the International Financial Services Centres framework.

Excise amendment alters per tonne tariff for petroleum crude production and ATF export, effective from July.
An amendment to Notification No. 18/2022 Central Excise replaces the entry in column (4) against S. No. 1 in the Table, modifying the per tonne charge applicable to production of petroleum crude and export of aviation turbine fuel; the amendment is effective from the specified date in July 2023 and is issued under the Government's powers to further amend the principal notification.

Exchange Rate Update: Norwegian and Swedish Kroner rates revised for customs valuation, effective mid-July notification.
The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, 1962, amends SCHEDULE-I of Notification No. 50/2023-CUSTOMS (N.T.) effective 14th July, 2023 by substituting the entries for Norwegian Kroner and Swedish Kroner; the schedule prescribes separate rates of exchange for one unit of each foreign currency for valuation of imported and exported goods, as set out in Notification No. 52/2023 - Customs (N.T.).

Import policy restriction on specified gold HS codes changes to restricted status, with India UAE CEPA TRQ imports exempted.
The notification revises import classification for gold items under HS codes 71131911, 71131919 and 71141910 from Free to Restricted with immediate effect under ITC (HS) Schedule I; imports under HS code 71131911 remain freely permitted without an import licence when imported under a valid India UAE CEPA TRQ.

Electronic cargo tracking transhipment rules expand permitted rail and road routes for cargo movement from Indian ports to Nepal.
The amended Electronic Cargo Tracking System framework applies to transhipment of cargo from Kolkata, Haldia and Vishakhapatnam to Birgunj in Nepal by rail; to Batnaha in India by rail followed by road movement to Biratnagar in Nepal; and directly to Biratnagar in Nepal by rail. The amendment takes effect from publication in the Official Gazette.

Exemption from specified income: Yamuna Expressway Industrial Development Authority notified as exempt subject to conditions and retrospective application.
Notification under clause (46) of section 10 notifies Yamuna Expressway Industrial Development Authority as exempt in respect of specified incomes: state government grants; proceeds from disposal of land, buildings and other properties; rents, fees and other charges from such disposals; interest on bank deposits; and interest/penalties on deferred payments by allottees. The exemption is conditional on non engagement in commercial activity, unchanged activities and income nature across financial years, and filing returns per clause (g) of sub section (4C) of section 139. The notification is retrospective for earlier financial years.

Amendment to SEZ Authority membership substitutes one member and adds another under SEZ Act notification.
Central Government, invoking powers under the Special Economic Zones Act, amends a prior notification to change the composition of the Visakhapatnam SEZ Authority by substituting SI.No.5-replacing Sh. T. Praveen Reddy with Shri Rushikesh Medathati-and by adding Shri A.R.K. Chowdhary as an additional member.

Food import entry points updated to align with FSSAI notifications, expanding designated locations and HS code coverage.
The notification amends the General Notes to Schedule I (Import Policy), ITC (HS), 2022 to revise Appendix V: it updates List A by adding and revising designated food import entry points and corresponding authorised officer designations, and updates List B to specify HS codes subject to entry point restrictions, thereby aligning import clearance of food with FSSAI notifications.

Inclusion of Goods and Services Tax Network expands designated entities under the Prevention of Money laundering Act to enable statutory cooperation.
The Central Government, under section 66(1)(ii) of the Prevention of Money laundering Act, 2002, amends notification G.S.R. 381(E) dated 27th June 2006 by inserting Goods and Services Tax Network as a new entry (serial number (26)) through G.S.R. 491(E) dated 7th July 2023, thereby including the Network among the entities specified in that notification.

SEZ survey number revision updates parcel identifiers while preserving the originally notified area for the multi services zone.
The Central Government revised the survey numbers for a sector specific Multi Services Special Economic Zone at Gandhinagar following a District Inspector Land Records certification of a re survey; the change increases the count of survey identifiers but does not alter the originally notified area of 105.4386 hectares, and lists the revised village survey numbers with corresponding hectare allocations pursuant to statutory SEZ procedures.

IFSC banking unit licensing framework distinguishes branch and subsidiary structures, strengthening capital, liquidity, reserve, currency, and compliance obligations.
Banking Unit licensing in an International Financial Services Centre is structured around an IFSC Banking Unit operating as a branch and an IFSC Banking Company operating as a subsidiary of its Parent Bank. Indian and foreign banks require licence or permission to establish a Banking Unit. Licensing requirements distinguish between branch and subsidiary structures through prescribed Parent Bank capital, home-regulator no-objection requirements and, for an IFSC Banking Unit, a liquidity-support undertaking. Prudential obligations cover liquidity coverage, net stable funding, leverage and reserve requirements, with distinct treatment for IFSC Banking Units and IFSC Banking Companies.

Exchange Rate Determination: CBIC prescribes foreign currency conversion rates for import and export goods under Customs law.
The Central Board of Indirect Taxes and Customs, invoking powers under the Customs Act, supersedes a prior notification and prescribes the rate of exchange for specified foreign currencies into Indian rupees for import and export goods, effective from 07th July, 2023, as set out in Schedule I (per unit rates with separate columns for imported and export goods) and Schedule II (rates per 100 units for specified currencies). The supersession does not affect prior acts or omissions.

Jurisdiction of income-tax authorities revised to align investigative headquarters with specified central commissionerates.
Amendment substitutes a row in Schedule-I of Notification No.70/2014 to designate the Director General of Income-tax (Investigation), Bengaluru as the investigative headquarters and to specify the Principal Commissioner/Commissioner of Income-tax (Central) postings for Bengaluru and Panaji; effected under section 120 and coming into force from the announced effective date.

GST payment option allowed; GTAs commencing business may elect to pay GST via declaration within registration period.
The notification inserts provisos: the option to pay GST for the financial year 2023-2024 must be exercised by the prescribed deadline; and a GTA who commences business or crosses the registration threshold during a financial year may elect to pay GST for that year by submitting a declaration in Annexure V within the later of forty-five days from applying for GST registration or one month from obtaining registration.