For TDS/TCS purposes, seller under the Income-tax Act, 2025 includes governments, local and statutory bodies, companies, firms and co-operative societies for specified goods. Individuals and Hindu undivided families qualify when their preceding-tax-year business turnover or professional receipts exceed the prescribed thresholds. A person selling an overseas tour programme package is separately treated as a seller. Earlier collection-on-sale provisions applied a higher business-turnover threshold, subject to notified exclusions, while retaining entity-based and turnover-based eligibility for specified goods collections.

Suspension of GST registration under rule 21A(2A) applies where return comparisons or other prescribed analysis disclose significant anomalies indicating contravention potentially leading to cancellation. Taxpayers receive reasons for suspension and a cancellation notice, and must reply within thirty days through FORM GST REG-18. Following examination of the reply or expiry of the response period, the proper officer may drop proceedings and restore active status through FORM GST REG-20, or cancel registration through FORM GST REG-19. Suspension may be revoked pending detailed verification and recovery, without preventing fresh cancellation proceedings where warranted.

The Quarterly Return Monthly Payment Scheme permits eligible registered persons to furnish FORM GSTR-1 and FORM GSTR-3B quarterly while paying tax for the first two months through FORM GST PMT-06. Eligibility is restricted to persons within the prescribed aggregate-turnover threshold and ends from the succeeding quarter after the threshold is crossed. Monthly payment may follow the fixed-sum or self-assessment method. The Invoice Furnishing Facility is optional for reporting selected invoices in the first two months. Quarterly filing, interest on delayed payments or returns, and late fee for delayed quarterly compliance remain applicable.

Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.

Scrap for TDS/TCS purposes means waste and scrap arising from the manufacture or mechanical working of materials that is definitively unusable as such due to breakage, cutting up, wear, or similar reasons. This meaning under the Income-tax Act, 2025 corresponds to the definition in the Explanation to section 206C of the Income-tax Act, 1961.

Extension of time for revocation of cancelled registration is available on sufficient cause and recorded reasons. Revocation may ordinarily be sought in FORM GST REG-21 within 30 days of service of the cancellation order. For applications made within 60 days, a request stating grounds may be submitted to the proper officer and referred to the Deputy Commissioner. The same procedure applies, with necessary modifications, to applications made within 90 days. The proper officer processes the revocation application after the extension decision.

Recipients of deemed export supplies may avail input tax credit and claim refund, subject to debit of available credit and declarations that the supplier has not claimed refund. Refund relaxation for zero-rated supplies wrongly reported in Table 3.1(a) of FORM GSTR-3B applies through 31 March 2021, subject to the aggregate tax declared in the relevant tables. For unutilised input tax credit refunds on zero-rated supplies, the capped value of exported goods also applies in calculating Adjusted Total Turnover.

Valuation of imported second-hand machinery continues under the existing framework for empanelled Chartered Engineers, with the business name at serial number 14 changed from M/s Priyanka & Associates to M/s Priyanka Engineers & Surveyors Pvt. Ltd. The listed applicant remains Priyanka Ramchandra Jagtap. The amendment takes immediate effect, while all other applicable provisions remain unchanged.

Boat Notes Regulations, 1976 came into force on 1 January 1978 pursuant to the power to appoint their commencement date under regulation 1(2).

Export Manifest (Aircraft) Regulations, 1976 came into force on 1 January 1978 pursuant to the Central Board of Excise and Customs' power to appoint their commencement date under the regulations.

Dynamic QR Code requirements apply to eligible B2C tax invoices issued by registered persons exceeding the prescribed turnover threshold, subject to specified supplier, OIDAR and export exclusions. The code must contain supplier, invoice, payment and tax details and support digital payment. Compliance is deemed where payment details are cross-referenced on the invoice for prepaid supplies or where electronic payment facilities capture transaction details. Each eligible supplier remains responsible for compliance on e-commerce supplies; where payment is made after invoice issuance, a Dynamic QR Code must be provided on the invoice.

Export Report (Form) Regulations, 1976 came into force on 1 January 1978 pursuant to the Central Board of Excise and Customs' power under the commencement provision of those Regulations.

Faceless bills of entry clearance pending beyond 24 hours is facilitated through the appointed Nodal Officer. Feedback concerning verification of messages received by the Air Cargo Complex from the Department of International Customs may be obtained from the Assistant Commissioner (Import) previously designated as Nodal Officer.

Unsecured loan additions under Section 68 were deleted because lender confirmations, ledger accounts, bank statements, PAN details, financial statements, tax-deduction records and income-tax return acknowledgements established the lenders' identity, creditworthiness and the genuineness of the transactions. Repayment of the loans before the search, accepted without inquiry, further supported the explanation. The Revenue did not dispute these factual findings, so the deletion of the unexplained cash-credit additions was sustained in favour of the assessee.

Import Manifest (Aircraft) Regulations, 1976 came into force on 1 January 1978, pursuant to the Central Board of Excise and Customs' power to appoint their commencement date under the Regulations.

Late fee for delayed filing of Bills of Entry is waived where filing could not be completed because ICEGATE was unavailable during system updates implementing Budget 2024-25 changes. The waiver applies to belated Bills of Entry relating to Import General Manifests filed between 23 July 2024 at 11:00 AM and 24 July 2024 at 4:00 PM. Deputy Commissioners and Assistant Commissioners of the concerned groups must ensure compliance.

Special purpose vehicle means an Indian company in which a business trust holds controlling interest and the specified shareholding or interest required for the trust's registration. Under the Income-tax Act, 2025, this definition applies for TDS/TCS purposes and refers to requirements prescribed by the governing law. The corresponding Income-tax Act, 1961 definition refers to requirements under applicable registration regulations.

The Import Report (Form) Regulations 1976 came into force on 1 January 1978 pursuant to the commencement power under regulation 1(2).

Automation of monthly compliance under the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 permits manual submission of IGCR-3 monthly statements before jurisdictional officers until 31 January 2025 where importers face electronic-filing difficulties. Online filing is mandatory from February 2025. An Excel utility is to support electronic submission of IGCR-3 and IGCR-3A statements for current and past periods by 31 January 2025.

Gujarat GST compliance for composition taxpayers is extended by substituting the due date for furnishing FORM GSTR-4 for the financial year 2020-21 from 31 May 2021 to 31 July 2021. The extension is made under the special procedure power and takes effect retrospectively from 31 May 2021.