Form 3CD amendments expand audit disclosures for GST, transfer pricing primary adjustments, interest limitation and cash transaction reporting.
Amendments to Form No. 3CD expand disclosure obligations to capture GST identifiers, additional schedule entries, primary transfer pricing adjustments including repatriation and imputed interest, interest limitation details with carry forward information, impermissible avoidance arrangement particulars and aggregate tax benefit, and detailed payer/payee particulars for receipts or payments exceeding statutory cash limits. The form also updates repayment wording, extends tax deduction statement reporting requirements, adds entries for certain dividend receipts and electronic reporting obligations, country by country reporting details, and a GST expenditure breakup.

Exchange rate determination under Customs Act sets notified conversion rates for imports and exports effective immediately.
Determination under section 14 of the Customs Act, 1962 fixes specific conversion rates for listed foreign currencies for customs valuation of imported and exported goods effective 20th July, 2018; two schedules set distinct import and export rates (one-unit rates in Schedule I and per 100-unit rate in Schedule II), and the notification supersedes the earlier 5th July notification except as to prior actions.

Extension of Notification Date: Jharkhand amends GST rate notification to extend the applicability deadline and deems it effective earlier.
Amendment to Notification No.8/2017-State Tax (Rate) replaces the applicability date "30th day of June, 2018" with "30th day of September, 2018" under the authority of sub section (1) of section 11 of the Jharkhand Goods and Services Tax Act, 2017, on the Council's recommendation. The amendment is deemed effective from 29th June, 2018 and further amends the principal notification of 29th June, 2017 as previously amended.

Special Economic Zone de-notification reduces SEZ landholding after approval and requisite statutory compliance by central government.
Central Government de-notifies 8.56 hectares from the sector-specific SEZ for Information Technology at Hebbal Industrial Area, Mysore, reducing the SEZ to 13.48 hectares, following the developer's proposal, State Government approval, recommendation of the Development Commissioner, and satisfaction of statutory requirements under the SEZ legislative framework, with the action taken under the applicable proviso and SEZ Rules to remove specified survey plots.

GST exemption notification amended to extend the specified date under the Uttarakhand tax framework.
The Uttarakhand Goods and Services Tax notification amends an earlier exemption-related notification by substituting the date "30th day of June, 2018" with "30th day of September, 2018". The amendment is issued in exercise of the power under section 11(1) of the Uttarakhand Goods and Services Tax Act, 2017, read with the applicable general clauses provision, and on the recommendations of the Council. It operates as a further modification to the notification last amended in March 2018, thereby extending the specified time limit in the existing notification.

Anti-profiteering designation amended in Uttarakhand GST rules, replacing Director General of Safeguards across key provisions.
The Uttarakhand Goods and Services Tax Rules, 2017 were amended to substitute "Director General of Safeguards" with "Director General of Anti-profiteering" in rules 129 to 133. The amendment updates the designation used in the anti-profiteering framework and is deemed to have come into force from 12 June 2018.

Authority for Advance Ruling constituted: members appointed under state GST law, superseding prior notification and effective on publication.
Constitution of a state Authority for Advance Ruling under the Tripura State GST framework appointing two named members in specified official capacities, superseding the earlier notification, and declaring that the notification takes effect upon its publication in the Official Gazette.

Appellate Authority for Advance Ruling constituted under section 99; two officers appointed to hear advance ruling appeals.
The Governor, exercising powers under section 99 of the Himachal Pradesh Goods and Services Tax Act, 2017, has constituted the Appellate Authority for Advance Ruling to hear appeals against advance rulings under the State GST framework and to provide appellate review of such determinations.

Tax exemption on interest income for designated governmental financial institutions under India Qatar DTAA effective from 29 April 2018.
The Central Government has notified that a mutual agreement reached by exchange of letters under the India Qatar DTAA implements clause (ii) of paragraph 3 concerning interest, granting tax exemption on interest income derived and beneficially owned by specified governmental financial institutions; the exemption attaches to the listed institutions (India: Export Import Bank of India, Life Insurance Corporation of India; Qatar: Qatar Investment Authority, Qatar Holding LLC) and is effective from 29th April, 2018.

Notification amendment: substitution of designated officer in state GST notification, updating the named Joint Commissioner.
Amendment under section 96 of the Bihar Goods and Services Tax Act, 2017 substitutes the entry at serial no. (i) in S.O. No. 173, dated 21st September 2017 by specifying the designated officer as Shri T. G. RATHOD, Joint Commissioner, Central Goods and Services Tax, CCO, CGST & CX, Ranchi Zone, thereby updating the named official in the original notification.

GST Rule Amendments: revised refund formula for inverted duty credit and enhanced compliance measures including cess deposit obligations.
The notification amends Uttar Pradesh GST Rules to prescribe a specific formula for refunds arising from inverted duty structures, defining Net ITC and Adjusted Total Turnover, and requires that refund equals the computed maximum refund amount less tax payable on inverted-rated supplies. It deems certain valuation additions as paid for credit adjustment, extends a time limit from one year to eighteen months, mandates deposit of fifty per cent of specified cess amounts into the Fund, and empowers the Authority to direct price reductions, return of amounts with interest, fund deposits, penalties and registration cancellation where benefits are not passed on. Various forms and declarations are also revised.

Unique common enrolment number for transporters permits single enrollment across states; EWB reporting time may be extended on sufficient cause.
A transporter with registrations in multiple States/UTs under the same PAN may apply in FORM GST ENR-02 for a unique common enrolment number using any one GSTIN; once issued, that unique number must be used for Chapter XVI purposes. The Commissioner or an authorized officer may extend, for sufficient cause, the time to record the final report in Part B of FORM EWB-03 for an additional period not exceeding three days, and FORM GST ENR-02 fields and office-use entries are prescribed.

Seizure disposal of specified goods: proper officer may promptly dispose items due to perishability, hazard, depreciation or unclaimed provisional release.
Notification under section 67(8) authorizes the proper officer to dispose, as soon as practicable after seizure, goods that are perishable, hazardous, subject to rapid depreciation, constrained by storage, or otherwise unsuitable for continued custody. The Schedule specifies categories including hygroscopic substances, raw hides, periodicals, certain chemicals and pharmaceuticals, petroleum products, dangerous drugs, fireworks, specific timber species, taxable goods in Chapters one to twenty four of the Customs Tariff, goods prone to obsolescence, and goods not reclaimed within one month after provisional release bond.

Refund mechanism for inverted duty structure revised to a formula capping refundable input tax credit and specifying fund deposits.
Amendments revise Telangana GST Rules to (i) deem certain added amounts under section 15 as paid for purposes of section 16, (ii) extend a time reference to eighteen months, (iii) require inward supplies to be received from registered persons against tax invoices for refund eligibility, (iv) prescribe a formula for refunds attributable to inverted duty structure specifying Net ITC and Adjusted Total Turnover, (v) mandate deposit of fifty per cent of specified cess into the Compensation Fund, (vi) empower authorities to order price reductions, refunds with interest, fund deposits, penalties and registration cancellation for failure to pass on tax benefits, and (vii) amend multiple forms and statements accordingly.

Basic customs duty increases on textile goods, introducing subheading specific duties and per unit duty floors across the tariff table.
Amendment revises the customs tariff Table by substituting and inserting sub headings for numerous textile tariff entries, assigning higher Basic Customs Duty rates to specific sub headings, replacing lower percentage entries with higher ad valorem duties, and, for certain items, prescribing duty as an ad valorem rate or that rate subject to a specific per unit floor, whichever is higher.

Exemption expansion for handicraft inputs broadens duty-free items used in manufacture and export of handicrafts.
Amends the customs exemption schedule for the handicraft sector by inserting numerous additional exempt items and omitting a specified word in an existing entry, thereby expanding duty-free coverage to include a broad range of raw materials, components, accessories, tools, packaging and chemical treatment materials used in handicraft manufacture and finishing under the powers conferred by the Customs Act and the Customs Tariff Act.

Declaration Forms obsolescence: Forms C and F declared obsolete and invalid from their date of issue.
Declaration Forms "C" and "F" are declared obsolete and invalid for all purposes with effect from their date of issue under the CST (Delhi) Rules 2005, identifying M/s. Krishna Traders and listing specific reference numbers, form types, recipient parties, addresses, declared amounts and tax periods for the 2013-2014 year, and notifying that those listed forms carry no legal effect.

Review of corporate offences to recommend reclassification, penalty mechanisms and an in house adjudicatory system minimizing discretion.
Constitution of a Committee to review offences under the Companies Act, comprising official and non official members with power to invite experts and regulators; non official members eligible for travel allowances if not sponsored; Ministry to provide secretarial support. Terms of reference include reclassifying certain compoundable offences into civil penalty regimes for companies and officers in default, reviewing non compoundable offences for possible recategorization, improving the penalty levy mechanism, designing an MCA21 driven in house adjudicatory mechanism to minimize discretion, drafting proposed legal changes, and addressing related matters; recommendations due within thirty days of first meeting.

Fixation of tariff values for selected edible oils, metals and agricultural commodities adjusts customs valuation framework for imports.
The Central Board of Indirect Taxes & Customs, exercising delegated powers under the Customs Act, substitutes TABLE-1, TABLE-2 and TABLE-3 in Notification No. 36/2001-Customs (N.T.) to fix tariff values for specified imported goods, including listed edible oils, brass scrap, poppy seeds, areca nuts, and per-unit values for gold and silver when specified notification benefits are claimed.

Anti-dumping duty rescission revokes an earlier customs notification under the Customs Tariff Act while preserving prior acts.
Notification No. 37/2018-Customs (ADD) rescinds Notification No. 36/2012-Customs (ADD) under the statutory powers of the Customs Tariff Act and the Customs Tariff Rules governing identification, assessment and collection of anti-dumping duty; the rescission is subject to a savings provision preserving things done or omitted under the earlier notification prior to rescission.