SGST rate amendment: Schedule I entries substituted to list specific tariff classifications, effective early January.
The government, under sub section (1) of section 9 and sub section (5) of section 15 of the Sikkim GST Act, substitutes in Schedule I (2.5%) the entries at S. No. 165 and 165A in column (2) with tariff classifications "2711 12 00, 2711 13 00, 2711 19 10," effective from 4 January 2024.

CGST rate amendment updates tariff classification entries and alters central tax treatment for specified petroleum product headings.
Amendment to the CGST rate schedule substitutes the column (2) entries at two serial numbers in Schedule I (2.5%), replacing existing tariff classifications for specified petroleum crude oil headings; the change is limited to substitution of those entries in Notification No. 1/2017-Central Tax (Rate) and takes effect from the fourth day of January, 2024.

IGST tariff amendment under section 5(1) replaces specified tariff headings, coming into force on 4 January 2024.
Notification No. 01/2024 substitutes the entries against Serial Nos. 165 and 165A in Schedule I 1[5] with the entry "2711 12 00, 2711 13 00, 2711 19 10" under the powers of sub section (1) of section 5 of the IGST Act; the amendment takes effect from 4th January 2024 and is issued on the recommendations of the Council.

UTGST rate amendment: substitution of tariff entries alters classification and applies under the UTGST rate schedule.
The Central Government amends the UTGST Rate notification to substitute the tariff entries against Serial Nos. 165 and 165A in Schedule I with "2711 12 00, 2711 13 00, 2711 19 10" thereby altering the classification basis for goods attracting the 2.5% UTGST rate; the amendment is issued under section 7(1) of the Union Territory GST Act and takes effect from the stated commencement date.

Extension of limitation under section 168A for GST reassessment orders; time limits extended for specified past financial years.
Notification extends the time limit under sub section (10) of section 168A for issuance of orders under sub section (9) of section 73 relating to recovery of tax not paid or short paid and recovery where input tax credit was wrongly availed or utilised; specifies extended cut off dates for the relevant financial years and makes the notification effective from a stated retrospective date.

Exemption under section 10(46): specified examination fees and bank deposit interest exempt for Madhya Pradesh Professional Examination Board.
Notification under clause (46) of section 10 exempts Madhya Pradesh Professional Examination Board, Bhopal, in respect of fees of examination and sale of application forms and interest on bank deposits, subject to conditions prohibiting commercial activity, maintaining unchanged activities and income nature, and filing returns as required by clause (g) of sub section (4C) of section 139; the notification is applied retrospectively to assessment year 2023-2024.

Tax exemption for specified income confirms grants and interest are exempt for a rural livelihood society, subject to compliance.
Notification under Section 10(46) declares Karnataka State Rural Livelihood Promotion Society exempt in respect of specified income: grants from the Central Government, grants from the State Government of Karnataka, and interest on bank deposits, subject to conditions prohibiting commercial activity, maintaining unchanged activities and income nature, and filing returns as required by clause (g) of sub-section (4C) of section 139.

Exemption from specified income granted to Bellary Urban Development Authority, subject to non commerciality and filing conditions.
Notification under clause (46) of section 10 of the Income tax Act notifies Bellary Urban Development Authority as entitled to exemption for specified incomes: revenue from own layout development, private layout betterment collections, civil supervision charges, lease receipts from civic amenity sites, and interest on bank deposits; subject to conditions that the Authority shall not engage in commercial activity, that activities and the nature of specified income remain unchanged, and that it files its return under clause (g) of sub section (4C) of section 139; the notification applies retrospectively to assessment years 2021-2022 through 2023-2024.

GST notification amendment adds Excise and Taxation Inspectors as State Tax Inspectors, effective for a limited period.
The amendment inserts Excise and Taxation Inspectors as State Tax Inspectors into the Table of the earlier notification under the empowering provision of section 3 of the Goods and Services Tax Act, and makes that insertion applicable for six months from publication in the Official Gazette.

Customs corrigendum corrects tariff notation in an exemption notification by substituting an erroneous entry with the intended value.
Corrigendum to Notification No. 68/2023-Customs replaces the entry "EL" with "0.0" in line 47 of the Gazette-published exemption notification, amending the tariff/exemption notation specified in the original notification while leaving other operative terms unchanged.

Limitation period extension for recovery under section 73: issuance deadlines extended for specified past financial years.
The State Government, exercising power under section 168A of the Rajasthan GST Act, partially modifies prior notifications to extend the time limit under sub section (10) for issuance of orders under sub section (9) of section 73 for recovery of tax not paid or short paid and for wrongly availed or utilised input tax credit, extending deadlines for the financial years 2018-19 and 2019-20 to specified dates in 2024.

Limitation extension for issuance of orders under section 73; time limits extended for specified financial years following GST Council recommendation.
Extends the time limit for issuance of orders under section 73 concerning recovery of tax not paid or short paid, or input tax credit wrongly availed or utilized, by partially modifying earlier notifications and setting revised outer limitation dates for specified financial years on recommendation of the GST Council.

Import conditions for used IT assets allow SEZ-to-DTA movement without licence subject to prior-use, age, and compliance conditions.
Insertion of Para 2.31(I)(e) makes import of Used IT Assets from SEZ to DTA Restricted but permits licence free movement where assets satisfy minimum SEZ usage and manufacturing age conditions; relocation of units from SEZ to DTA is subject to the age criterion though assets previously imported into SEZ in used condition and used there below the minimum period are excluded. Exemption is only available if no regulatory exemptions (CRO, WPC, RoHS) were availed on original import; otherwise a Restricted import licence is required.

Special Additional Excise Duty: rate entry for petrol and diesel set to nil, amending central excise notification.
Substitutes the entry in column (4) against S. No. 2 of the Table in Notification No. 04/2022-Central Excise to record a nil rate of Special Additional Excise Duty for the specified fuel; amendment limited to that table entry; effective 2 January 2024 as Notification No. 02/2024-Central Excise.

SAED rate revision on petroleum crude updates specified excise tariff entries and takes effect from 2 January 2024.
Revision of the SAED rate on petroleum crude by substituting the Table entries in Notification No. 18/2022 Central Excise: the entry against S. No. 1 in column (4) is replaced with a revised per tonne levy and the entry against S. No. 2 in column (4) is replaced with a revised per litre levy; the amendment takes effect on 2 January 2024.