Consent-based information sharing via Public Tech Platform for Frictionless Credit enabled under GST framework to facilitate digital credit data exchange.
Notification designates Public Tech Platform for Frictionless Credit as the system with which the common portal may share information on the basis of consent under the GST framework, and defines the platform as an enterprise-grade open-architecture IT platform with standard protocol-driven architecture and an open, shared API framework to enable convergence of financial service providers and multiple data sources for a digital credit ecosystem.

Income-tax form amendments add deduction amount field, update rule title and capital gains section references accordingly.
Corrigendum substitutes the rule title as the Income-tax (Second Amendment) Rules, 2024 and mandates insertion of an "Amount (Rs.)" column in Schedule 80DD of ITR-2 and ITR-3 and in Schedule 80U of ITR-3, replacing those schedules with revised layouts that include nature of disability, type of dependent, PAN and Aadhaar of the dependent, Form 10IA filing details, acknowledgement number, UDID number and the new Amount column; it also amends Schedule CG in ITR-5 to revise listed capital-gains reference entries.

Common Adjudicating Authority appointment for adjudication of show cause notices in provisional customs assessment under Customs Act.
The Central Board of Indirect Taxes and Customs appoints a Common Adjudicating Authority to exercise the powers and discharge the duties of the originally named adjudicating officers for specified show cause notices concerning M/s Royal Canin India Pvt. Ltd, thereby transferring adjudicatory competence for finalization of provisional assessment under the Customs Act.

Import condition for Yellow Peas requires bill of lading by specified deadline; export duty end date for parboiled rice removed.
The notification amends 55/2022-Customs by omitting S. No. 2A and deleting condition 5 in the Annexure, removing the prior temporal restriction. It also amends 64/2023-Customs to make the levy subject to a condition and substitutes the Table to require that imports of Yellow Peas (Tariff Item 0713 10 10) be accompanied by a Bill of Lading issued on or before the prescribed date. The amendments come into force the day after notification.

Packing machine registration requirement mandates electronic disclosure and monthly production statements for manufacturers of specified tobacco products.
The notification requires manufacturers of specified pan masala and tobacco products to electronically register packing and filling machines in FORM GST SRM-I with system generated machine registration numbers, report additions, disposals and any capacity amendments within short statutory timelines, submit monthly production and input statements in FORM GST SRM-II by the tenth day of the succeeding month, and upload Chartered Engineer certificates in FORM GST SRM-III for declared or amended machines. The Schedule lists the covered goods and the notification adopts Customs Tariff interpretation rules.

Rescission of Notification: Specified state GST notification withdrawn, effective from commencement date, savings preserved by government.
The Government rescinds Government Notification No. 30/2023-State Tax dated 22nd August, 2023, while preserving a savings clause for things done or omitted before rescission, and declares the rescission to come into force from the specified commencement date.

Special Economic Zone expansion: Government notifies additional land to enlarge the SEZ footprint under SEZ regulatory rules.
Central Government notifies inclusion of an additional 29.149657 hectares at Panapakkam Village, Ranipet District, Tamil Nadu, into the Multi Sector SEZ proposed by M/s. State Industries Promotion Corporation of Tamil Nadu Limited, increasing the notified SEZ area to 81.356157 hectares. The action is taken under the second proviso to sub section (1) of section 4 of the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zones Rules, 2006, and lists the specific survey numbers and parcel areas comprising the addition.

Aadhaar authentication authorised for notified reporting entities under PMLA, enabling UIDAI authentication after privacy and security compliance.
The Central Government notifies the listed reporting entities to perform Aadhaar authentication services for purposes of the Prevention of Money laundering Act after being satisfied that they comply with privacy and security standards under the Aadhaar Act and following consultation with the Unique Identification Authority and the regulatory authority.

Lesser penalty: reduction in penalties for applicants who provide vital cartel disclosures, subject to conditions and priority status.
These regulations prescribe the procedure and conditions for grant of lesser penalty and lesser penalty plus under section 46 of the Act: applicants must cease cartel participation, make full and true vital disclosures, provide all relevant evidence and identify involved individuals; the designated authority records and forwards applications to the Commission, which marks priority status and evaluates applications in order; a first vital disclosure enabling a prima facie opinion may attract full reduction, subsequent disclosures that add significant value may attract graduated reductions, and lesser penalty plus can secure additional reduction for prior marker applicants who disclose another distinct cartel. Confidentiality, inspection, withdrawal and transitional provisions are also specified.

Appeal amnesty for delayed GST appeals permits filing on FORM GST APL-01 after prescribed payment conditions are met.
An amnesty procedure allows taxable persons who missed the statutory appeal period or whose appeals were rejected as time barred to file an appeal in FORM GST APL-01 subject to conditions. The appellant must pay in full the admitted portion of tax, interest, fine, fee and penalty and deposit a specified percentage of the remaining disputed tax, with a required portion debited from the Electronic Cash Ledger. Appeals not involving tax are excluded, refunds of excess pre-notification payments are withheld until disposal, and Chapter XIII appeal rules apply mutatis mutandis.

Commencement of section 33 of the Competition Amendment Act: provisions to come into force on the appointed date.
The Central Government, by notification under the Act's empowering clause, appoints 20th February 2024 as the date on which the specified provision of the Competition (Amendment) Act, 2023 shall come into force, thereby activating that statutory provision.

Revised appellate jurisdiction under GST reorganises territorial divisions for Tirupati and Vijayawada authorities pending Visakhapatnam office setup.
Revised jurisdictions are notified for the Appellate Authorities under the Andhra Pradesh Goods and Services Tax Act, 2017, by partially modifying the earlier order dated 01.07.2022, pending establishment of a full-fledged Appellate Office at Visakhapatnam. The Appellate Authority at Tirupati is assigned the Anantapur, Kurnool, Kadapa, Chittoor and Nellore Commercial Taxes Divisions, while the Appellate Authority at Vijayawada is assigned the Guntur-I, Guntur-II, Vijayawada-1, Vijayawada-2, Vijayawada-3, Eluru, Rajamahendravaram, Kakinada, Visakhapatnam-1, Visakhapatnam-2 and Vizianagaram Commercial Taxes Divisions.

Exemption of AIDC on a specific 5201 subheading excludes that yarn from the Additional Import Duty under amended customs rules.
The notification amends the principal customs exemption by substituting serial number 14 to exclude tariff subheading 5201 00 25 from the Additional Import Duty, while maintaining the levy on other goods under tariff item 5201 subject to the existing staple-length exclusion; the change is enacted under Customs Act and Finance Act powers and takes effect the day after notification publication.

Customs tariff amendments add new tariff lines for turkey meat and berries with specified duties, effective shortly.
Amendment to Notification No. 50/2017-Customs inserts new tariff entries for frozen turkey meat and for cranberries and blueberries in fresh, frozen, dried and otherwise prepared forms with specified ad valorem duties; substitutes a tariff heading entry for an existing serial number; and inserts a nil-duty tariff entry for cotton of specified staple length. The changes update the schedule of duty and exemption entries in the principal notification and take effect from the notification's operative date.

Separate project bank account requirement: resolution professional must operate distinct accounts for each real estate project to segregate funds.
Regulations mandate that resolution professionals operate a separate bank account for each real estate project and must convene committee meetings within thirty days of the last meeting while allowing committee-decided extensions provided there is at least one meeting each quarter. Electronic voting windows run from circulation of minutes for not less than twenty-four hours and not more than seven days, with creditor-requested daily extensions and a cap on post-majority extensions. The insolvency professional must obtain committee approval for all insolvency resolution process costs, ensure valuers explain valuation methodology before estimates, provide valuation reports on confidentiality undertakings, and may invite resolution plans per project; committees may form monitoring committees with fee limits if the resolution professional is a member.

Settlement of arrears applications under Tamil Nadu tax law must be filed by the prescribed deadline.
Application deadline for settlement of arrears under the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 is fixed as 31 March 2024. Applications for the statutory settlement purpose must be made by that date under the power conferred by section 5(1) of the Act.

Exchange Rate Determination updated: new rates set for customs valuation of imports and exports, effective mid February.
The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for customs purposes, superseding an earlier notification and operating from 16th February, 2024. Annexed schedules set currency-specific rates: Schedule I lists rates per one unit with separate entries for imported and export goods; Schedule II lists rates per 100 units with corresponding imported and export goods columns, for application in customs valuation and conversion.

Tariff value fixation updated for specified imports, setting revised customs valuation entries and effective procedures.
Substitution of TABLE-1, TABLE-2 and TABLE-3 in Notification No. 36/2001-Customs (N.T.) fixes tariff values in US dollars for specified imported goods, including edible oils, brass scrap, areca nuts, and specified forms of gold and silver, with qualifications on import route and product form; the amendment takes effect on 16 February 2024.

State tax amendment replaces paragraph citation and updates definitions of Foreign Trade Policy and Handbook of Procedures.
The notification amends a State Tax (Rate) notification by substituting the opening paragraph's cited paragraph reference and replacing Explanation clauses (a) and (b) with updated definitions: clause (a) defines Foreign Trade Policy by reference to the 2023 central policy notification, and clause (b) defines Handbook of Procedures by reference to the 2023 public notice. The amendment specifies an operative commencement date in July 2023 and records the principal notification and its prior amendment.

GST rate amendments add specific goods to state tax schedules and revise tariff descriptions affecting classification and taxation.
The notification amends the Delhi State GST rate schedules by inserting specific tariff entries into the 2.5% schedule for un-fried or un cooked snack pellets (extrusion-manufactured), fish soluble paste, Linz Donawitz slag and imitation zari thread or yarn; by substituting the 6% schedule description for metallised yarn to exclude imitation zari; and by amending the 9% schedule to add extrusion-manufactured un fried snack pellets to toasted products and to revise the description of slag and iron/steel waste to exclude Linz Donawitz slag.