Deadline extension under Direct Tax Vivad se Vishwas Act postpones statutory filing and payment timelines for pending declarations.
The notification amends Notification No. 85/2020 under the Direct Tax Vivad se Vishwas Act, 2020 by substituting later calendar dates in clause (b) and clause (c), thereby postponing the statutory deadline and the commencement date specified in those clauses and altering the operative timelines for compliance under the scheme.

Time-limit extension for income-tax assessment and related procedural actions extended to a later statutory deadline.
Further extends specified statutory time limits to the end of June 2021 for completion of assessment and reassessment actions, issuance of reassessment notices and required sanctions, pronouncement of certain dispute-resolution orders under the Income-tax Act (applying pre-Finance Act procedural provisions where applicable), and for intimations under the Finance Act chapter previously extended to the end of April 2021.

Exemption from application of specified registration subsections extends to noncitizens, government bodies, local authorities, statutory bodies and PSUs.
The notification supersedes the earlier June 2020 notification and provides that the provisions making specified subsections of section 25 inapplicable shall not apply to persons who are not Indian citizens, government departments or establishments, local authorities, statutory bodies, Public Sector Undertakings, and persons applying for registration under the Act's prescribed registration pathway; prior actions before supersession remain unaffected.

Toluene Di isocyanate (TDI) imports subject to producer and country specific anti dumping duties payable in Indian rupees for five years.
Imposes definitive anti dumping duty on TDI (80:20 isomer ratio) from EU, Saudi Arabia, Chinese Taipei and UAE, converting provisional duty of 2 December 2020 into producer and country specific duty rates in USD per MT. Distinct rates are prescribed for named producers and for other producers or export scenarios. Duty is levied for five years unless earlier revoked, payable in Indian currency, with exchange rate for conversion determined by the rate notified under the Customs Act and the relevant date being the bill of entry presentation.

Rescission of anti dumping notification removes future effect while preserving prior actions under customs tariff powers.
Rescission of an earlier anti dumping notification: the Central Government, using its customs tariff powers and related anti dumping rules, rescinds Notification No. 43/2020 Customs (ADD) dated 2 December 2020 as published in the Gazette, while preserving validity of actions done or omissions made before the rescission.

Anti-dumping duty imposed on imports of 1-phenyl-3-methyl-5-pyrazolone to offset dumped imports and protect domestic industry.
Definitive anti-dumping duty is imposed on 1-phenyl-3-methyl-5-pyrazolone under tariff heading 2933 originating in or exported from China PR; duty equals the difference between a specified USD per kilogram reference amount and the landed value when landed value is lower, payable in Indian currency. The landed value is the assessable value determined under the Customs Act plus applicable customs duties except duties under sections 3, 8B, 9 and 9A of the Customs Tariff Act, and the notified exchange rate on bill of entry date applies. The duty term is five years from the provisional duty date, with a specified non-levy interval.

Return filing option for companies: permitted to file GSTR-3B and GSTR-1/IFF verified by EVC during transitional period.
The amendment to rule 26(1) permits registered persons incorporated under the Companies Act to furnish the return under section 39 in FORM GSTR-3B and details of outward supplies under section 37 in FORM GSTR-1 or via the invoice furnishing facility, provided such submissions are verified through an electronic verification code (EVC) during the transitional window specified by the notification.

Return furnishing flexibility allows companies to file GSTR 3B and GSTR 1 using EVC within a notified window.
The amendment inserts a proviso in rule 26(1) permitting persons registered under the Companies Act, 2013 to furnish the return under GSTR 3B and details of outward supplies under GSTR 1 or via the Invoice Furnishing Facility, provided such filings are verified through Electronic Verification Code (EVC); the rule takes effect on publication in the Official Gazette.

Insider trading amendment removes a regulation provision, altering compliance obligations and pre clearance requirements for insiders.
The amendment removes clause (a) of sub regulation (1) of regulation 7 from the Prohibition of Insider Trading Regulations, with the change taking effect on publication in the Official Gazette; persons subject to the Regulations must adjust compliance processes and practices predicated on the removed clause.

Change in control approval required: portfolio managers must obtain prior Board approval before any change in control.
Regulation 11 is amended by inserting clause (aa) requiring the portfolio manager to obtain the Board's prior approval in case of any change in control, in such manner as may be specified by the Board, thereby making regulatory clearance mandatory before a change in controlling interest.

Special Economic Zone designation creates Approval Committee and deems the zone an Inland Container Depot.
Notification designates 1.466 hectares at Knowledge City, Raidurg Village, Serilingampally Mandal, Ranga Reddy District, Telangana as a Special Economic Zone for IT/ITES under the Special Economic Zones Act, 2005, and records the approved survey and plot particulars. The Central Government constitutes an Approval Committee for the zone with specified ex officio members and a developer representative as special invitee, and declares the notified SEZ to be deemed an Inland Container Depot under the Customs Act, 1962.

Pension fund asset eligibility: new provisos permit limited government-owned foreign assets and ring-fenced earnings to avoid private benefit.
The amendment to rule 2DB permits a pension fund to hold up to ten per cent of its assets in instruments wholly owned by a foreign Government that vest in that Government on dissolution, deeming clause (ii) satisfied when conditions are met. Earnings from such assets are excluded from clause (iii) if credited to the foreign Government or a designated account so no portion inures to private persons. The amendment also replaces the pension fund notification application form, requiring certifications on establishment, tax status, purpose of assets, restrictions on non-qualifying investments, non-distribution of earnings, limited operational participation, and supporting documents with verification.

Import policy change: melon seeds now classified as restricted imports, subject to prescribed policy conditions.
Import policy for melon seeds under HS Code 12077090 has been revised from Free to Restricted; imports are now subject to the chapter-level policy condition and must comply with the operative restriction promulgated under the Foreign Trade (D&R) Act and the Foreign Trade Policy.

Anti-dumping duty extension: existing PTFE measures now apply to processed PTFE products to prevent circumvention.
Extension of anti-dumping duty to PTFE Products and Processed PTFE Components (including bush, rod, sheet, tape, tube and thread seal tape) across specified tariff headings, applying the existing duty on PTFE originating in or exported from China PR to such products and certain trans-shipment scenarios. The measure rests on findings of changed trade patterns, insufficient value addition below the prescribed threshold, dumped import prices, and undermining of the remedial effect of the original PTFE duty; duty is prescribed per MT in US dollars, payable in Indian currency, effective from Gazette publication and co-terminus with the existing PTFE duty.

Anti-dumping duty extension to prevent circumvention by PTFE imports from Korea RP, aligning them with existing measures on Russia.
Imposition of an anti-dumping duty on Polytetrafluoroethylene (PTFE) originating in or exported from Korea RP to prevent circumvention of the existing duty on PTFE from Russia, following findings that imports from Korea RP were dumped, altered trade patterns, and undermined the remedial effect of the earlier measure; duty effective from Gazette publication, payable in Indian currency and co-terminus with the existing duty, with exchange rate determined by notifications under the Customs Act and the bill-of-entry date as the relevant date.

Import restriction on mosquito killer rackets bars imports below prescribed CIF threshold per unit value.
Import policy for mosquito killer rackets under HS Codes 85167920 and 85167990 is amended to insert a Policy Condition prohibiting import where the C.I.F. value per racket is below a prescribed threshold, thereby changing the conditional status from 'Free' to 'Prohibited' for such consignments under Schedule I (Import Policy).

Customs duty exemption on imported oxygen, related equipment and vaccines for a limited period, subject to concessional import procedures.
Exempts specified imported goods from the whole of customs duty and the whole of health cess when imported into India, covering medical oxygen, oxygen concentrators, VPSA/PSA plants, cryogenic ASUs, oxygen cylinders, canisters, filling and storage systems, transport containers, oxygen generators and related parts; also covers ventilators, high flow nasal cannula devices, non-invasive ventilation accessories, helmets, COVID-19 vaccines and subsequently inserted items. The parts exemption is subject to compliance with the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, and the notification remains in force for the period specified therein.

Section 80G recognition: Maa Umiya Temple certified as a place of worship and artistic importance for tax purposes.
Central Government notifies Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad (PAN: AACTV3807E) as a place of artistic importance and a place of public worship of renown throughout Gujarat for the purposes of clause (b) of sub section (2) of section 80G of the Income tax Act, with effect from Financial Year 2021 2022 relevant to Assessment Year 2022 2023.

Special Economic Zone notification establishes IT/ITES SEZ at Doddanakundi and constitutes an Approval Committee and ICD status.
Notification declares a Special Economic Zone of 4.60 hectares at Doddanakundi, Bangalore under the SEZ Act, noting prior approval to the developer and formally notifying the specified survey area for IT/ITES activity. It constitutes an Approval Committee comprising ex officio members from central and state agencies and a developer representative, and appoints the notification date as the date from which the SEZ shall be deemed an Inland Container Depot for customs purposes. A later note records that the area was subsequently de-notified.

Extension of GST notification deadlines by substituting March/April dates and declaring a deemed effective date end of March.
Under authority of section 128 of the Puducherry GST Act, the earlier notification is amended by substituting "31st day of March" with "30th day of June" and "1st day of April" with "1st day of July" in its first paragraph; the amendment is declared to be deemed issued on 30th March, 2021.