Revocation of GST registration filing period extended where electronic notice service allows later of service date or extension date.
Clarifies that for registered persons whose registrations were cancelled under clauses (b) or (c) of sub section (2) of section 29 and who were served notice under clauses (c) or (d) of sub section (1) of section 169, and where cancellation orders were passed up to 12th June, 2020, the 30 day period for filing an application for revocation under sub section (1) of section 30 shall be computed by reference to the later of the date of service of the cancellation order or 31st August, 2020.

Nil GST return SMS filing allowed: registered taxpayers may submit and verify nil returns via mobile OTP.
The substituted Rule 67A allows a registered person required to furnish a Nil return or Nil details of outward supplies for a tax period to submit those nil returns or details via short messaging service using the registered mobile number, with such submission verified by a registered mobile number-based One Time Password. A Nil return or Nil details means no entries in any tables of the applicable return forms.

Late fee waiver for GSTR-3B returns: conditional relief for eligible taxpayers filing by the prescribed deadline.
The Gujarat notification inserts provisos creating a conditional waiver of late fee for specified classes of registered persons and for taxpayers above a turnover threshold who file Form GSTR-3B for prescribed periods by a prescribed 2020 cut-off; the waiver exempts the portion of late fee above a small base amount and fully waives late fee when the State tax payable is nil, and the amendment is effective retrospectively from a date in June 2020.

Extension of time to pass orders under Section 54(7) MGST Act: deadline moved to end of August 2020.
The notification amends Notification No. 46/2020-State Tax by substituting the dates in its first paragraph: the earlier references to the 29th and 30th days of June, 2020 are replaced respectively with the 30th and 31st days of August, 2020, thereby extending the period to pass orders under Section 54(7) of the Maharashtra GST Act.

Extension of compliance due dates: GST return and compliance timelines now extended to end of August for affected filings.
Amends Notification No. 35/2020-State Tax by substituting two specific earlier due dates with later dates in August 2020, thereby extending the due dates for affected GST returns and compliance obligations that fell within the specified period. The amendment modifies clause (i) of the first paragraph of the principal notification to replace the original date references with the substituted August dates, operating under the Maharashtra Goods and Services Tax Act, 2017 and issued on the Council's recommendations.

TDS reporting requirements strengthened to mandate detailed disclosure where tax was not deducted or deducted at lower rate.
Amendments to Rule 31A require deductors to furnish particulars where tax was not deducted or was deducted at a lower rate due to specified notifications, provisos or exemptions including cash withdrawal treatments, interest and business trust distributions; Forms 26Q and 27Q Annexures and section code lists are revised to add new line items, reason codes and deductee/payee wise breakups to report these instances, with specified effective dates for cash withdrawal and e commerce operator reporting.

Nil return SMS filing allowed: registered taxpayers may submit nil GST returns or nil outward supply details via OTP verified mobile messages.
Substitution of Rule 67A allows a registered person required to file a Nil return in FORM GSTR 3B or Nil details of outward supplies in FORM GSTR 1 to furnish those Nil filings by short messaging service using the registered mobile number, with verification by a registered mobile number based One Time Password; Nil return means a return or details for a tax period with no entries in all the Tables of the relevant form.

Electronic verification code filing permitted for corporate taxpayers to submit GSTR-3B and GSTR-1 returns within transitional period.
The amendment authorizes corporate taxpayers to verify and furnish FORM GSTR-3B and FORM GSTR-1 using electronic verification code (EVC) during the specified transitional periods by substituting provisos in the GST Rules, creating a temporary procedural accommodation for return submission and form verification.

GST amendment strengthens liability for retained benefits and expands registration, invoicing, penalty, and retrospective exemption rules.
The ordinance amends the GST Act to revise territorial definitions, extend references to services, alter invoice wording, permit de-registration where liability ceases or is voluntarily relinquished, authorize tiered time extensions for compliance, prescribe TDS certificate form and manner, impose penalty liability on persons retaining benefits of specified transactions equal to tax evaded or input tax credit involved, expand offence coverage to those causing or retaining benefits of offences, subject transitional input tax credit to prescribed timing and manner, extend certain assessment limitation periods, amend Schedule II wording, and prescribe retrospective exemptions and reduced tax treatment for specified supplies.

SMS filing for Nil GST returns enabled; verification via mobile OTP facilitates electronic compliance for registered taxpayers.
Substitution of Rule 67A permits registered persons required to furnish Nil returns in FORM GSTR-3B or Nil details in FORM GSTR-1 to submit such Nil returns or details via short messaging service using the registered mobile number, with verification through a registered mobile number-based One Time Password; a Nil return or Nil details means the return or details for a tax period with no entries in any Tables of the respective forms.

Late fee waiver for GSTR-3B filings: late fees above threshold waived if returns filed by the September deadline.
For registered persons who file specified delayed returns by 30 September 2020, the total late fee payable under section 47 shall be waived to the extent it exceeds two hundred and fifty rupees, and shall be fully waived where the total state tax payable in the return is nil. Taxpayers with aggregate turnover above the high-turnover threshold who file FORM GSTR-3B for May-July 2020 by 30 September 2020 receive the same late fee waiver treatment. The notification is deemed effective from 25 June 2020.

Extension of GSTR-3B filing deadline for eligible small turnover taxpayers in Assam; new deadline set in notification.
For taxpayers with aggregate turnover up to five crore rupees in the previous financial year and principal place of business in Assam, the return in FORM GSTR-3B for August 2020 shall be furnished electronically through the common portal on or before the day or October, 2020, by amendment to the earlier notification.

Extended due date for GSTR-3B for small Goa taxpayers permits electronic filing by a later prescribed deadline.
Amendment inserts a proviso allowing taxpayers with aggregate turnover up to the notified threshold whose principal place of business is in Goa to furnish FORM GSTR-3B for the specified month electronically through the common portal by a later prescribed date; amendment effected under powers of the Commissioner under the Goa Goods and Services Tax Act, 2017 read with the GST Rules.

Exchange rate determination: updated foreign currency conversion rates govern valuation for imports and exports under Customs Act, effective immediately.
Determination of exchange rates under section 14 of the Customs Act, 1962 prescribes distinct conversion rates for specified foreign currencies for imported and exported goods, effective from 3rd July 2020, superseding the prior notification except as to past actions; Schedule I lists per-unit rates and Schedule II lists per-hundred-unit rates for certain currencies for customs valuation purposes.

Commencement date set for section 11 of the Goa GST Amendment Ordinance to come into force.
The Government of Goa, under sub-section (2) of section 1 of the Goa Goods and Services Tax (Amendment) Ordinance, 2020, has notified the 18th day of May, 2020 as the date on which section 11 of the Ordinance shall come into force, issued by the Department of Finance, Revenue & Control Division in the name of the Governor.

Extension of time to pass orders under Section 54(7) OGST Act until end of August, retrospective effect.
This amendment substitutes earlier June deadline expressions in the prior notification with new end of August deadline expressions to extend the statutory period for passing orders under the State GST refund/adjustment provision, and declares the substitution to be deemed effective from 30th June, 2020, giving retrospective commencement to the revised time-limit.

Extension of compliance deadlines: Odisha notification postpones GST filing due dates to specified later calendar dates.
The State Government of Odisha amends a prior finance department notification to substitute earlier specified due dates with later dates, thereby extending GST compliance deadlines for obligations falling within the affected period; the amendment operates by textual substitution of those dates in the first paragraph clauses and is effective from the substituted commencement date.

Optional pricing in preferential issue allows VWAP-based floor pricing, mandates a multi-year lock-in and uniform method for related allotments.
New regulation permits issuers of frequently traded shares to opt for an alternate pricing method for preferential issues. The floor price must be the higher of: (a) the average of the weekly high and low of the VWAP over the twelve weeks preceding the relevant date; or (b) the average of the weekly high and low of the VWAP over the two weeks preceding the relevant date. Securities allotted under this method carry a three-year lock-in and all allotments under the same shareholder approval must use the same pricing method.

Escrow deposit requirement now mandates full consideration for certain indirect acquisitions, tightening open offer funding and securities rules.
Regulation 17 now requires that where an indirect acquisition prompts a public announcement under clause (e) of sub regulation (2) of regulation 13, the acquirer must deposit an amount equivalent to one hundred per cent of the open offer consideration into escrow and is prohibited from depositing securities for such acquisitions. Regulation 18 gains sub regulation (11A) obliging the acquirer to pay interest on delayed payments for accepted open offer shares at ten per cent per annum, subject to possible waiver by the Board if delay is not the acquirer's fault; regulation 22's language excluding bulk or block deals is removed.

Waiver of ITC-04 filing for specified past periods; registered persons must report unsettled job-worker challans later.
Notification designates certain registered persons as exempt from furnishing FORM GST ITC-04 for July 2017 to March 2019, while requiring those persons to furnish, in serial number 4 of FORM GST ITC-04 for April-June 2019, details of challans for goods dispatched to a job worker during that period which were not received back or not supplied from the job worker's premises as of 31 March 2019; the notification is deemed effective from 31 August 2019.