Reserve Bank discretion over currency export and import operates through a new application-based permission mechanism subject to stipulated conditions.
New Regulation 9 establishes a Reserve Bank permission mechanism for the export or import of currency notes issued by the Government of India or the Reserve Bank of India. Upon application and satisfaction of necessity, the Reserve Bank may permit any person to take or send such notes out of India to any country, or bring them into India from any country. The permission is subject to terms and conditions stipulated by the Reserve Bank.

E-invoicing scope expanded to include Special Economic Zone units and a higher turnover threshold for applicability.
Amends the State notification defining classes of registered persons for electronic invoicing by adding a Special Economic Zone unit to the covered category and substituting the previous turnover benchmark with a higher turnover threshold for applicability, thereby altering which registered persons must comply with the e-invoice requirement under the relevant sub-rule of the state GST rules.

E-invoice schema requirement standardizes invoice fields and mandates IRN generation for structured GST reporting.
The amendment replaces FORM GST INV-01 with a standardized e-invoice schema (Version 1.1) setting out mandatory and optional machine-readable fields, cardinality and technical specifications, requiring IRP-generated Invoice Reference Number (IRN), and detailing headers for Basic Details, Supplier and Recipient information, Item-level tax and value fields, Document Totals, export and e-way bill data, and ancillary annexures for Ship-To, Dispatch-From, Batch and Attribute details.

Uttarakhand Cess on liquor sale or first sale after import is prescribed at two per cent under Schedule-II.
Levy of Uttarakhand Cess is prescribed on all kinds of liquor under Schedule-II of the Uttarakhand Cess Act, 2015, with effect from the date of publication in the Gazette. The cess is payable at the point of sale by the manufacturer in the State, or at the point of first sale in the State after import into the State, at the rate of two per cent. The notification supersedes the earlier notification on the same subject, while preserving prior acts or omissions.

Common Adjudicating Authority appointment assigns DRI officers to adjudicate specified Customs show cause notices under statutory adjudicatory powers.
The Director General, Revenue Intelligence appoints specified officers as Common Adjudicating Authority to exercise the powers and discharge duties of the originally named proper officers for adjudication of the show cause notices listed in the Table, identifying the noticees, notice references and the adjudicating officers now empowered to handle those matters.

Export authorisation for essential commodities to Maldives granted, exempt from export restrictions; sand and aggregates require clearances.
Authorization permits export of specified quantities of essential commodities to the Republic of Maldives during 2020-21 and exempts those exports from any existing or future restriction. Exports of River Sand and Stone Aggregates require a CAPEXIL No Objection Certificate with quarterly quota reporting to DGFT, appropriate supplier clearances ensuring no Coastal Regulation Zone mining, environmental clearances from State nodal authorities, and remain subject to State laws and judicial orders.

Import reporting requirement: mandatory submission of Bill of Entry to Ozone Cell; HCFC-141b imports limited to feedstock only.
Amendment adds Policy Conditions requiring importers of specified chemicals in Chapters 29, 38 and 39 to submit a copy of the Bill of Entry for each consignment to the ozone regulation authority within thirty days; HCFC 141b imports are prohibited except for feedstock applications and pre blended polyols containing Group VI substances are not permitted.

Anti-dumping duty extension on flax fabrics from China and Hong Kong extended to continue for a further three months.
Amendment extends the anti-dumping duty on flax fabrics originating in or exported from the People's Republic of China and Hong Kong by inserting a paragraph providing that, notwithstanding paragraph 2 of the original notification, the notification shall remain in force up to and inclusive of 11th November, 2020 unless revoked earlier, pursuant to sub-sections (1) and (5) of section 9A of the Customs Tariff Act and rule 23 of the relevant Rules.

Extension of GST notification timelines: June date references substituted with later dates under section 168A authority.
Amendment substitutes specified operative dates in an earlier Bihar SGST notification by replacing two June dates with corresponding August dates, thereby extending the temporal scope of the measures originally notified under the power conferred by section 168A.

GST deadline extension: Bihar notification postpones specified filing deadlines to later August dates for relief.
Amends Notification No. S.O. 129 (9 June 2020) by substituting the originally prescribed dates in clause (i) with later dates in August, extending the operative GST compliance deadlines under the Bihar Goods and Services Tax framework, issued by the Governor on the Council's recommendation and recorded under the department file reference.

GSTR-3B due date extension: small taxpayers in listed states get an early-October electronic filing window under Bihar amendment.
Extends the electronic filing deadline for FORM GSTR 3B for taxpayers with aggregate turnover up to five crore rupees in the previous financial year. Taxpayers in certain listed southern and specified Union territories must furnish the August 2020 GSTR 3B on or before the first day of October, 2020, while taxpayers in the remaining listed States and Union territories, including Bihar, must furnish the same return on or before the third day of October, 2020, through the common portal.

Late fee waiver for delayed GSTR 1 filings if returns submitted by specified extended deadlines under Bihar GST.
Substitution of the fourth proviso waives the late fee under section 47 for registered persons who failed to furnish outward supply details in FORM GSTR 1 by the due date, provided they file those details on or before the specific extended dates prescribed for each listed month or quarter in the Table; this amendment replaces the earlier fourth proviso in Notification No. S.O. 124 dated 23rd January, 2018.

Late fee waiver for delayed GSTR 3B filings extended where returns for specified periods are filed within the concessional window.
The notification replaces the prior Table with a turnover and state based classification setting concessional filing dates for FORM GSTR 3B for specified months in 2020, and inserts provisos waiving late fee amounts above a de minimis threshold - and waiving late fee in full where state tax in the return is nil - for returns due July 2017-January 2020 if furnished between 1 July and 30 September 2020.

Interest relief for delayed GST returns extended; nil interest for specified initial grace periods followed by standard interest thereafter.
The amendment substitutes the proviso prescribing the rate of interest per annum for registered persons required to furnish returns in FORM GSTR-3B who fail to file with payment by the due date. It establishes a table grouping taxpayers by aggregate turnover and principal place of business, and for each class and tax period specifies a nil interest window followed by an interest rate for the subsequent period, covering returns for February 2020 through July 2020.

Composition levy rates for manufacturers and suppliers revised, affecting eligibility and turnover-based tax liability effective April.
The amendment substitutes the Table in rule 7 of the Bihar GST Rules, 2017 to redefine composition levy categories and fix turnover based tax rates for four classes of persons: manufacturers (excluding notified goods), suppliers making supplies under clause (b) of paragraph 6 of Schedule II, other suppliers eligible under section 10(1) and (2), and registered persons opting under section 10(2A); the notification is under section 164 and effective from the 1st April, 2020.

Input tax credit compliance and beneficiary liability are strengthened, alongside revised registration, invoicing, transitional credit and retrospective tax treatment.
Bihar Goods and Services Tax (Second Amendment) Act, 2020 revises composition levy, registration cancellation, revocation, tax-invoice and tax-deduction certificate provisions. It extends penalty and prosecution exposure to persons causing specified transactions and retaining their benefits, including transactions involving wrongful input tax credit. Transitional credit provisions are retrospectively made subject to prescribed time and manner requirements. Schedule II is retrospectively revised by removing references to activities undertaken whether or not for consideration. Retrospective State tax treatment is prescribed for specified supplies, with no refund of tax already collected.

Force majeure extensions for GST compliance permit retrospective notifications and preserve actions taken under the repealed ordinance.
Bihar Goods and Services Tax law is amended to empower the Government, on the Council's recommendations, to extend statutory time limits by notification where compliance or completion of actions is prevented by force majeure. Notifications may have retrospective effect, subject to the stated commencement limitation. Force majeure includes war, epidemic, flood, drought, fire, cyclone, earthquake and other calamities affecting implementation of the law. Actions taken under the repealed amendment ordinance are preserved and treated as taken under the amended law.

Designation of Special Courts enables Magistrates of First Class to try income tax and black money offences in specified regions.
The Central Government, under powers in the Income-tax Act and the Black Money Act and in consultation with the Chief Justice of the High Court of Bombay, designates specified Magistrates of First Class in Maharashtra as Special Courts to try offences under the Income-tax Act and related matters under the Black Money Act, allocating regional jurisdiction for Mumbai (including Thane), Vidarbha (Nagpur) and Pune regions.

Exemption from PAN/Aadhaar rules for certain non-resident investors where fund level tax is deducted and prescribed reporting is provided.
The rules exempt non-resident individuals and entities (not being companies) who invest in a specified fund located in an IFSC from section 139A, and hence from section 206AA, where their only income in India is from the specified fund, tax on that income has been deducted and remitted by the fund under the applicable provision, and the non-resident provides name, contact, foreign address, residency declaration and Tax Identification Number or alternate government unique identifier; the specified fund must file Form 49BA quarterly and upload the residency declaration, with formats and verification administered by the Principal Director General/Director General (Systems).

GST threshold increase expands coverage and explicitly includes Special Economic Zone units under Goa rule on reverse charge.
Amends the first paragraph of a prior Goa GST notification to insert a Special Economic Zone unit among entities referenced in subordinate provisions and to replace the prior turnover benchmark of one hundred crore rupees with five hundred crore rupees, thereby raising the taxable turnover threshold applicable under the cited provision.