Reduced GST interest rates for delayed returns in March and April 2021 with staged lower rates by turnover and filing category.
The notification amends the Union Territory GST interest provisions for March and April 2021 by inserting staged interest slabs tied to aggregate turnover and return-filing category: taxpayers with turnover above rupees five crores pay nine per cent for the first fifteen days from the due date and eighteen per cent thereafter; taxpayers with turnover up to rupees five crores and specified return-filing categories pay nil for the first fifteen days, nine per cent for the next fifteen days, and eighteen per cent thereafter. The amendment is effective from 18 April 2021.

Interest relief for delayed GST payments reduces interest obligations for specified taxpayers for designated months.
Inserts a table into the principal IGST notification prescribing temporary, staged reductions in interest for late IGST payment for the tax periods of March and April 2021: higher-turnover taxpayers face a reduced rate for the first fifteen days from the due date and the standard rate thereafter; lower-turnover and specified return-filing categories receive nil interest for the first fifteen days, a lower rate for the next fifteen days, and the standard rate thereafter. The amendment is effective retrospectively from 18 April 2021.

Code on Social Security: section 142 comes into force on 3 May 2021 under central government notification.
The Central Government, exercising powers under sub section (3) of section 1 of the Code on Social Security, 2020 read with section 14 of the General Clauses Act, 1897, appoints 3 May 2021 as the date on which section 142 of the Code on Social Security, 2020 shall come into force by notification S.O. 1730(E) dated 30 April 2021.

De-notification of Special Economic Zone: central government rescinds prior notification, restoring land status subject to prior actions.
Central Government rescinds the notification establishing a Special Economic Zone for IT/ITES at the specified Bengaluru site following the developer's proposal, the State Government's no objection, and the Development Commissioner's recommendation; the rescission is effected under the SEZ Rules rescission provision and preserves actions taken or omitted before rescission.

Fixation of tariff values: updated customs valuation for edible oils, brass scrap, areca nut, gold and silver prescribed.
Fixation of tariff values is made by substituting TABLE 1, TABLE 2 and TABLE 3 in Notification No. 36/2001 Customs (N.T.) under sub section (2) of section 14 of the Customs Act, 1962. TABLE 1 prescribes US dollar per metric tonne values for specified edible oils and brass scrap; TABLE 2 prescribes US dollar unit values for specified forms of gold and silver with explanatory exclusions and definitions; TABLE 3 prescribes the US dollar per metric tonne value for areca nuts.

Option to withdraw pending settlement application must be made via Form 34BB and filed electronically with verified intimation.
Rule 44DA requires the exercise of the option to withdraw a pending settlement application to be made in Form No. 34BB, verified by the person authorised to verify the return of income, furnished electronically per procedures, formats and standards specified by the Principal Director-General/Director-General of Income-tax (Systems), and accompanied by an uploaded signed printout; Form No. 34BB also requires affirmation that the original application was not declared invalid nor subject to a specified order by the stated cutoff date and includes a verification clause confirming competence to verify.

Import exemption for oxygen concentrators added to limited exceptions to gift import prohibition for personal use.
Para 2.25 of the Foreign Trade Policy, 2015-2020 prohibits import of goods presented as "gifts" through post, courier or e-commerce except for life saving drugs/medicines and Rakhi; the revised paragraph adds oxygen concentrators for personal use to the exempted categories where customs clearance is sought as gifts, and limits that exemption to a specified period ending 31 July 2021, while retaining allowance for import of gifts with payment of full applicable duties.

Customs duty exemption for specified inflammatory diagnostic marker kits to facilitate importation for public health response.
An amendment to the customs exemption notification adds a new entry exempting customs duty on inflammatory diagnostic marker kits and blood gas reagents, listing tests including IL6, D Dimer, CRP, LDH, Ferritin and Pro Calcitonin, effectuated under the Customs Act in the public interest and corrected by a subsequent corrigendum.

Statement of Financial Transactions reporting requires RTAs to submit structured mutual fund SFT data and signed control statements securely.
RTAs must submit prescribed ASCII-delimited SFT data files (Batch, Account Summary, Transaction Summary, Off-Market) via secure SFTP with a signed control statement, following field-level formats and validation rules. Reporting covers user-initiated debits (excluding certain transfers), requires FIFO matching for acquisition identification, classification by security class and holding period, methods for estimating sale consideration and cost of acquisition (including adjusted/indexed treatment for pre-specified dates), and provides procedures for correction and deletion of submitted records. Entities must implement information security, archival and retrieval policies and furnish reported information to account holders for AIS reconciliation.

Depository transaction reporting: standardized SFT submission and FIFO valuation ensure data for capital gains pre fill and reconciliation.
Depositories must furnish structured Statement of Financial Transactions for specified depository debits in prescribed ASCII delimited files and a signed control statement, using defined file types and field formats. Asset classification uses specified security class codes and FIFO matching for corresponding credits; estimated sale consideration and acquisition cost are determined on weighted average and adjusted FMV rules with indexation where applicable. Files are submitted via SFTP, validated against schema and business rules, and corrected through correction or deletion statements; entities must implement information security and archival policies.

Appointment of Advance Ruling Committee member: Rajiv Magoo designated to replace previous member, updating statutory roster.
Amendment substitutes the entry at Serial No. (2) in the cited government notification to identify Mr. Rajiv Magoo, Joint Commissioner of Central Tax, as the member of the Advance Ruling Committee in place of Ms. P. Vinitha Sekhar, thereby updating the official roster under the Maharashtra Goods and Services Tax Act.

Electronic verification code filing option permitted for companies to submit GSTR-3B and GSTR-1 details during transitional period.
An amendment to rule 26(1) permits registered persons under the Companies Act, 2013 to furnish the return under section 39 in FORM GSTR-3B and the details of outward supplies under section 37 in FORM GSTR-1 or using the Invoice Furnishing Facility, provided such filings are verified through an electronic verification code (EVC) for the notified transitional period.

Penalty waiver for GST notification non compliance granted, conditional on registered persons complying with the notification thereafter.
Waiver of penalty is granted to registered persons for non compliance with the specified GST notification during the defined period, conditional on those persons complying with the notification's provisions from the subsequent stipulated date.

Extension of notification deadlines: specified GST notification dates shifted forward affecting commencement and applicability timelines.
Amendment under the authority of section 128 of the Himachal Pradesh Goods and Services Tax Act, 2017 revises temporal provisions of Notification No. 89/2020-State Tax by substituting dates in its first paragraph: "31st day of March" is replaced by "30th day of June" and "01st day of April" is replaced by "1st day of July", thereby shifting the commencement and applicability timelines set out in the earlier notification.

Time-bound deemed authorisation for assignments creates automatic issuance if the agency fails to act and expands appeal timing.
Amendments to clause 12A provide that for applications received from commencement until 31 October 2021, an authorisation for assignment shall be deemed issued or renewed if the insolvency professional agency does not act within thirty days; the period "seven days" is replaced by "fifteen days"; and applicants whose applications are rejected in that window may appeal to the Membership Committee within thirty days of receipt of the rejection.

Fee deadline extension for insolvency professionals; insolvency professional entities must notify the Board of director or partner changes promptly.
The amendment permits insolvency professionals and insolvency professional entities to pay the specified fee for the relevant financial year on or before the extended deadline provided in the regulation; and requires insolvency professional entities to notify the Board within thirty days when an individual ceases to be, or joins as, a director or partner during the transitional window beginning on the amendment's commencement and ending on the specified cut-off date.

Anti-dumping duty corrigendum updates country-of-origin entries, replacing Russia with Korea RP in specified table entries.
The corrigendum amends the TABLE of Notification No. 24/2021-Customs (ADD) by replacing "Russia" with Korea RP in columns (5) and (6) of serial numbers 1 and 2; and in serial number 3 by changing column (5) to "Korea RP, Russia" and column (6) to Korea RP.

GST return filing flexibility allows companies temporary option to submit GSTR-3B and GSTR-1/IFF verified by EVC.
The amendment permits registered persons incorporated under the Companies Act to furnish the return under section 39 in FORM GSTR-3B and to furnish details of outward supplies under section 37 in FORM GSTR-1 or by using the Invoice Furnishing Facility, provided such filings are verified through electronic verification code (EVC).

Turnover threshold reduction under GST lowers the registration applicability threshold, altering which taxable persons must comply.
The amendment substitutes the earlier higher turnover threshold with a lower turnover threshold in the first paragraph of the State GST notification dated 23rd June, 2020, effective from the stated commencement date, under the powers conferred by sub rule (4) of the Himachal Pradesh GST Rules, 2017, thereby changing the applicability criterion for registration and compliance under that notification.

Effective Date amendment in state GST notification extends applicability period under Himachal Pradesh GST law.
Amendment substitutes the figures "28.02.2021" with "31.03.2021" in Notification No. 95/2020 State Tax under the authority of sub section (1) of Section 44 of the Himachal Pradesh Goods and Services Tax Act, 2017 read with Rule 80 of the Rules, promulgated by the Governor on the Council's recommendation and issued as Notification No. 4/2021 State Tax dated 27th April, 2021.