Anti-Profiteering Standing Committee constituted to recommend utilization of Consumer Welfare Fund and oversee fund allocation.
A Standing Committee on Anti-Profiteering is constituted under the GST framework to recommend appropriate utilization of monies credited to the Consumer Welfare Fund for consumer welfare. The committee's composition is specified: a senior Excise and Taxation officer as Chair, the State Taxes and Excise Commissioner as Vice-Chair, designated senior finance and tax officials as members, and the Deputy Controller (F&A) as Member Secretary, thereby creating an administrative governance structure to advise on fund allocation.

Sovereign wealth fund exemption specified for tax relief subject to reporting, audit, ownership and non borrowing conditions.
Chiswick Investment Pte. Ltd. is specified as a specified person under clause (23FE) of section 10 for investments in India from publication until the stated terminal date, conditional on compliance with: filing returns by due dates; statutory audit and submission of the prescribed Audit Report; quarterly Form II electronic statements; maintenance of segmented accounts; continued ownership and control by the Government of Singapore and regulation under Singapore law; earnings credited to the Government or its designated account; no borrowings for making investments in India; vesting of assets in the Government on dissolution; and non participation in investee day to day operations.

Sovereign wealth fund exemption: specified fund qualifies only if strict ownership, reporting, audit and non participation conditions are met.
Stretford End Investment Pte. Ltd. is specified as a sovereign wealth fund eligible for exemption under clause (23FE) of section 10 provided it remains owned and controlled by the Government of Singapore, is regulated under Singapore law, credits earnings to government designated accounts, maintains segmented accounts, files timely returns, undergoes prescribed audits with the annexed audit report, furnishes quarterly Form II investment statements, avoids loans/borrowings for Indian investments, does not participate in investee day to day operations, and complies with the notification's conditions or risk losing the exemption.

Sovereign wealth fund exemption specified for Dagenham Investment, subject to compliance with reporting and ownership conditions.
Notification designates Dagenham Investment Pte. Ltd. as a sovereign wealth fund specified person for tax exemption under clause 23FE of section 10 for investments in India up to 31 March 2030, subject to conditions including timely return filing, statutory audit and prescribed audit report, quarterly electronic investment statements, segmented accounts, exclusive Government of Singapore ownership and control, continued Singapore regulation, prohibition on borrowings for Indian investments, earnings credited to government designated accounts, asset vesting on dissolution, and prohibition on day to day participation in investees; breach renders exemption inapplicable.

Sovereign wealth fund recognition: specified person status grants conditional tax exemption for qualifying investments in India.
Anahera Investment Pte. Ltd. is specified as the specified person for clause (23FE) of section 10 for investments in India made from publication up to 31 March 2030, conditional on timely return filing, statutory audit and prescribed Audit Report, quarterly Form II filings, segmented accounts, continued Government of Singapore ownership and regulation, prohibition on borrowings for investments in India, earnings credited to government designated accounts, vesting of assets on dissolution, and non participation in day to day investee operations; breach renders the assessee ineligible for the exemption.

Sovereign wealth fund exemption designated subject to strict ownership, reporting, audit and non borrowing conditions for qualifying investments.
Notification designates Bricklayers Investment Pte. Ltd. as a sovereign wealth fund specified person eligible for tax exemption for qualifying investments in India until 31 March 2030, conditional on compliance with filing and audit requirements, quarterly electronic investment reporting, segmented accounts, Singapore government ownership and regulation, earnings credited to government accounts, prohibition on borrowings for investment in India, non participation in investee day to day operations, and assets vesting in the Government of Singapore on dissolution; breach of these conditions renders the fund ineligible for the exemption.

LTC/LTA exemption cap requires GST compliant payments and tax invoices, and limits unutilised journey claims for relief.
Rule 2B is amended to allow, for the assessment year beginning 1 April 2021, a limited exemption where an individual opts for cash allowance in lieu of travel concession for one unutilised journey; the exemption is capped or limited to one third of specified expenditure, conditional on election to claim the proviso, payments to GST registered persons during the specified period by prescribed account payee or electronic modes, and possession of a tax invoice; specified expenditure is defined by GST applicability at or above twelve per cent.

Cumulative input tax credit adjustment requires May GSTR-3B to include combined April and May ITC reconciliation.
The amendment requires cumulative application of input tax credit conditions for April and May 2021, obliging the FORM GSTR-3B for May 2021 to include the cumulative ITC adjustment for those months, and allows registered persons to furnish April 2021 invoice details via IFF during the window from 1 May to 28 May 2021.

Return filing requirement: specified taxpayers must file Form GSTR-4 for the relevant financial year by the prescribed deadline.
An amendment adds a proviso requiring specified persons to furnish FORM GSTR-4 for the financial year ending 31st March, 2021 up to 31st May, 2021, and declares the amendment to be deemed effective from 30th April, 2021.

Extension of compliance deadlines under RGST Act: pandemic period expiries extended with specified statutory exceptions and rule specific further extension.
Where any time limit for completion or compliance of any action under the Rajasthan Goods and Services Tax Act falls within the specified pandemic period, the time for such completion or compliance is extended to the notified cut off, covering completion of proceedings, issuance of orders, notices, sanctions or approvals and the filing of appeals, replies, applications, reports, documents, returns and statements, subject to specified exclusions and related rules.

Extension of GSTR-1 filing deadline for outward supplies to allow later monthly return submissions under state GST rules.
Extension of the time limit for furnishing details of outward supplies in FORM GSTR-1 for the tax period April, 2021 is effected by inserting a proviso in the earlier notification, thereby extending the deadline for registered persons required to furnish returns under the statutory return filing provision to the twenty sixth day of the month succeeding the said tax period.

Late fee waiver for delayed GSTR-3B filing extends limited grace periods for defined taxpayer classes.
Amendment inserts a proviso waiving the late fee for delayed FORM GSTR-3B filing for specified classes of taxpayers and specified tax periods, granting distinct short grace periods from the due date for different turnover-based classes, and takes effect from 20 April 2021.

Reduced GST interest rates for delayed returns provide phased lower interest relief for affected March and April return periods.
The amendment inserts new table entries establishing phased interest rates for delayed GST returns for March and April return periods: higher-turnover taxpayers face reduced interest for the first fifteen days and higher rates thereafter; lower-turnover taxpayers and certain filers receive nil interest for the first fifteen days, a moderate rate for the next fifteen days, and higher rates thereafter. The change amends the earlier notification and is effective from the 18th day of April, 2021.

Extension of GSTR-1 filing deadline: outward-supplies return deadline extended for April tax period to late next month.
The time limit for furnishing details of outward supplies in FORM GSTR-1 for registered persons required to furnish return under sub-section (1) of Section 39 for the tax period April 2021 is extended until the twenty-sixth day of the month succeeding that tax period; the amendment is issued under the powers of Section 37 second proviso read with Section 168 and is deemed effective from the first day of May 2021.

Extension of ITC-04 filing deadline granted, allowing additional time to furnish job-worker declarations.
The Commissioner extends the time for furnishing FORM GST ITC-04 for goods dispatched to, or received from, a job worker for the period 1 January to 31 March 2021 until 31 May 2021, exercising powers under the Tamil Nadu GST statute and relevant rule; the extension is deemed effective from 25 April 2021.

Specified person designation under clause 23FE conditions tax exemption on Indian investments subject to strict compliance and reporting.
Designation of CDPQ Fixed Income XI Inc. as a specified person under clause (23FE) of section 10 conditions tax exemption on eligible Indian investments upon fulfilment of specific requirements: timely income-tax return filing, Form No. 10BBC accountant certification, quarterly Form No. 10BBB investment intimations, segmented accounting for qualifying investments, continued regulation under Que bec law, use of earnings and assets solely for statutory obligations and defined contributions, limits on non-core asset use with vesting to the Government of Que bec, prohibition on borrowings for Indian investments, and restriction on day-to-day participation in investees; breach renders exemption unavailable.

Specified person designation for pension fund tax exemption requires compliance, reporting, asset use limits and no investment borrowings.
Specification of a pension fund as a specified person for tax exemption on eligible investments in India is subject to conditions including timely filing of returns, furnishing a prescribed compliance certificate, quarterly investment intimations, maintenance of segmented accounts, continued regulation under Que bec law, limitation of asset uses to statutory obligations for beneficiaries, restrictions on borrowings for making investments in India, prohibition on participation in day to day operations of investees (while allowing monitoring rights), and that breach of any condition will render the fund ineligible for the exemption.

Specified pension fund recognition conditions tax exemption on qualifying investments subject to reporting, governance, and use of funds safeguards.
Specification designates CDPQ Infrastructures Asia III Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India up to the notified cut-off, subject to conditions including filing timely returns, furnishing Form No.10BBC certified by an accountant, quarterly investment disclosures in Form No.10BBB, maintenance of segmented accounts, continued regulation under Que bec law, exclusive use of earnings and assets to meet statutory obligations of pension or similar plans, restrictions on non-core assets, prohibition on borrowings for Indian investments, and limits on operational participation in investees.

Pension fund exemption for Caisse de de po t et placement du Que bec subject to compliance and reporting conditions.
The Central Government specifies Caisse de de po t et placement du Que bec as the specified person under clause (23FE) of section 10 for eligible investments in India during the prescribed period, conditional on filing returns and Form No.10BBC certification, quarterly intimation in Form No.10BBB, maintaining segmented accounts, continued regulation under Que bec law, administering assets to meet statutory retirement and related obligations, limits on non-core assets, prohibition of loans or borrowings for Indian investments, and prohibition on day-to-day participation in investee operations while permitting monitoring rights.

PAN/Aadhaar requirement exemption for eligible foreign investors transacting in IFSC listed assets, subject to identity and reporting obligations.
Exemption from PAN/Aadhaar requirements is provided for non resident eligible foreign investors who transact only in specified listed capital assets on recognised IFSC stock exchanges with consideration payable in foreign currency, subject to (i) no other income in India and (ii) furnishing name, e mail, contact number, foreign address, declaration of residency, and Tax Identification Number or alternate government issued unique identification to the stock broker. The stock broker must upload the residency declaration and electronically furnish a quarterly statement to tax authorities within fifteen days from quarter end.