FINANCE DEPARTMENT NOTIFICATION The 18th July, 2022 S.R.O. No. 480/2022─ In exercise of the powers conferred under the proviso to sub-section (1) of Section 10 of the Odisha Goods and Services Tax Act., 2017 (Odisha Act.7 of 2017), the State Government, on the recommendations of the Goods and Services Tax Council, do hereby makes the following further amendments in the notification of the Government of Odisha in the Finance Department No. 8241-FIN-CT1-TAX-0043/2017, dated the 7th ... ... ...

Mumbai, Sep 17 (PTI) Tata Sons' board on Thursday voted to reappoint N Chandrasekaran as executive chairman for a further five-year term, but Tata Trusts, the group's majority shareholder, immediately declared the resolution invalid, escalating a leadership dispute that has simmered inside the conglomerate for more than a year. The dramatic reversal of events unfolded at the nearly three-hour-long board meeting. For one, Chandrasekaran, 63, last month intimated his intention not to seek r... ... ...

Covered persons must furnish FORM GST CMP-08 containing details of self-assessed tax payments. This additional Odisha GST compliance obligation applies to the quarter ending 30 June 2022 and must be completed by 31 July 2022. It specifies the prescribed form, reporting content, quarterly period, and filing deadline.

Reporting persons or entities receiving Form No. 97 declarations for transactions covered by rule 159 must furnish Form No. 98 electronically by 31 October for declarations received by 30 September and by 30 April of the following financial year for declarations received by 31 March. They must register on the Reporting Portal, obtain an ITDREIN, and upload digitally signed statements through the principal officer's credentials. Existing Form No. 61 registrants may use their existing ITDREIN and principal officer. Inaccuracies and Data Quality Report defects require correction statements, while inadvertently filed reports may be removed through deletion statements. Entities must maintain information-security, archival and retrieval procedures. The procedure applies from 15 September 2026; earlier-year reporting remains under Form No. 61.

Recognition of NSE Clearing Limited as a clearing corporation is renewed for a three-year period from 3 October 2026 to 2 October 2029. The renewed recognition is subject to compliance with conditions specified from time to time and any further conditions that may be prescribed or imposed. The renewal permits the clearing corporation to continue operating within the applicable securities-market regulatory framework during that term.

Recognition of Metropolitan Stock Exchange of India Limited under the Securities Contracts (Regulation) Act, 1956 is renewed for one year, from 16 September 2026 to 15 September 2027, for contracts in securities. The renewal is subject to compliance with conditions prescribed or subsequently imposed by SEBI from time to time. The exchange may continue operating under the renewed recognition during that period, subject to those regulatory conditions.

Tariff values for specified imports are substituted under the customs valuation framework with effect from 16 September 2026. Listed edible oils, including crude and refined palm oil, palmolein and soybean oil, are valued between US$1,219 and US$1,268 per metric tonne, while brass scrap is valued at US$8,218 per metric tonne. Specified gold forms, including qualifying concessional imports and identified bullion and coins, carry a tariff value of US$1,373 per 10 grams; specified silver forms carry US$2,028 per kilogram. Areca nuts remain at US$11,574 per metric tonne. These substituted values govern customs valuation of the identified goods.

Physical presence of goods in an intermediate State therefore does not alone create authority to detain, seize, penalise or confiscate. Cross-empowerment is functional and taxpayer-linked, preserving the single-interface administrative structure without creating geographically unlimited enforcement power. Where verification establishes that both origin and destination lie outside the intercepting State, the officer may verify documents, identify and record apparent discrepancies, and communicate them to the proper officers of the consignor and consignee, but lacks coercive jurisdiction over a pure transit supply.

FINANCE DEPARTMENT NOTIFICATION The 18th July, 2022 S.R.O. No. 483/2022─ In exercise of the powers conferred by Section 128 of the Odisha Goods and Services Tax Act., 2017 (Odisha Act. 7 of 2017), the State Government, on the recommendations of the Goods and Services Tax Council, do hereby make the following further amendments in the notification of the Government of Odisha in the Finance Department No.38439─FIN-CT1-TAX-0043/2017, dated the 30th December, 2017, published in ... ... ...

GOVERNMENT OF GOA Department of Finance Office of the Commissioner of Commercial Taxes Notification 38/1/2017-Fin(R&C)(289)/27642 Porvorim, 15th February, 2025. Read: Notification No. 38/1/2017-Fin (R&C) (277)/26610 dated 19th September, 2024 published in Official Gazette, Extraordinary, Series I, No. 25 dated 20th September, 2024. In exercise of the powers conferred by clause (d) of sub-section (1) of Section 110 of the Central Goods and Services Tax Act, 2017 (12 of 2017) ... ... ...

New Delhi, Delhi, India (NewsVoir) • 170+ exhibitors and 10,000+ trade visitors expected at the fourth edition of the event • 30+ countries to be represented, bringing Indian and international hardware businesses together • India's hand and power tools sector has a potential export opportunity of over US$25 billion over the next decade, according to NITI Aayog The hardware industry is getting ready to come together at International Hardware Fair India (IHF India) 2026, powered by EISENWAR... ... ...

CardsXT as a Service enables banks and fintechs to build and manage card programmes; 86400 UPI app experience extends its offering into consumer-facing digital payments; IBMB brings greater interoperability to digital banking Mumbai, September 17, 2026: 86400, an initiative of Mobileware Technologies and a technology service provider building infrastructure for the financial services industry, today announced the launch of three new offerings — CardsXT as a Service, the 86400 UPI app experience ... ... ...

SHRI VIKAS AWASTHY, JUDICIAL MEMBER AND MS. PADMAVATHY.S, ACCOUNTANT MEMBER For the Assessee : Shri Yogesh Thar & Ms. Sakshi Dande For the Revenue : Shri Pankaj Kumar ORDER PER VIKAS AWASTHY, JM: These two appeals by the assessee are directed against the order of Commissioner of Income Tax (Appeals)-15, Mumbai [in short ' the CIT(A)'] for the Assessment Years 2004-05 and 2005-06, respectively confirming penalty levied u/s. 271(1)(c) of the Income Tax Act, 1961 [ in short &... ... ...

The thematic programme covers the macroeconomic outlook, financing agricultural transformation, and financing the energy transition. Background material addresses macroeconomic pathways, private financing, implications of GST 2.0 for States, agricultural markets and marketing, agricultural resilience and sustainable resource use, renewable energy and transmission assets, and carbon capture, utilisation and storage. Further sessions address measurement of growth outcomes and the contribution of new-age technology to good governance.

Limitation periods for recovery of tax not paid or short paid and wrongly availed or utilised input tax credit are modified. For the financial year 2017-18, the deadline for issuing a recovery order is extended until 30 September 2023. The period from 1 March 2020 to 28 February 2022 is excluded when calculating limitation for recovery of erroneous refunds and filing refund applications.

GST-sensitive festive planning for apparel businesses requires early procurement, phased inventory, supplier reorder commitments and separate stock strategies for the post-Diwali wedding season. Pricing and costing require assessment of the revised GST structure for readymade garments and GST-rate reductions affecting man-made fibres and yarns. Proper purchase documentation is important for protecting input tax credit during high-volume festive transactions. Cash-flow planning, credit limits, return policies, retail staffing, digital campaigns and weekly sell-through monitoring support replenishment and pricing decisions.

Reverse-charge State tax is inapplicable to qualifying goods transport agency suppliers that are registered, elect forward-charge taxation, issue tax invoices charging applicable State tax, and furnish the prescribed declaration. Annexure III confirms registration and the election to pay tax under forward charge. Services by way of renting of residential dwelling to a registered person are brought within reverse-charge scope, with any person as supplier and the registered person as recipient.

Input tax credit under the CGST Act is conditional on the supplier's actual payment of tax to the Government; invoice possession, receipt of supplies and GSTR-2B reflection do not independently establish final eligibility. Section 16(2) conditions operate cumulatively, with the claimant bearing the burden of proving eligibility. Under Section 41(2) and Rule 37A, credit attributable to supplier non-payment must be reversed with applicable interest where prescribed, but may be re-availed when the supplier furnishes the relevant return and pays tax. The condition is treated as substantive, not as unconstitutional deprivation or double taxation, and cannot be read down to exempt bona fide recipients absent fraud or collusion.

Sections 73 and 74 do not expressly bar a common show cause notice covering multiple tax periods or financial years. The expressions "for any period" and "such periods" support consolidation, while financial-year references in the limitation provisions govern the deadline for adjudication orders rather than the scope of notice issuance. Each component demand must independently satisfy applicable limitation requirements. Section 74 requires disclosed material supporting fraud, wilful misstatement, or suppression of facts to evade tax; its extended limitation is not automatic.

GST applies to the platform's supply of actionable claims created when players commit stakes to uncertain outcomes, including skill-based games played for stakes. Each participant obtains a contingent beneficial interest in pooled funds, while the platform is supplier where it controls rules, funds, participation and payouts. Committed stakes cease to be mere deposits and constitute consideration; valuation follows the gross stake or applicable deposit measure rather than retained platform revenue. Schedule III's negative-list treatment does not cover betting-and-gambling claims. Rule 31A governs earlier stake-based valuation, while Rules 31B and 31C prescribe online gaming and casino valuation. The online-money-gaming changes are clarificatory and apply to pending matters, subject to factual verification of deposits and computation.