Late-fee amnesty applies to registered persons who failed to furnish the final return in FORM GSTR-10 by its due date, subject to filing the return from 1 April 2023 through 30 June 2023. The late fee payable for eligible delayed final returns is capped at five hundred rupees, with the amount exceeding that limit waived. Eligibility depends on furnishing FORM GSTR-10 within the specified amnesty period.

Late fees for delayed furnishing of the annual return in Form GSTR-9 for financial year 2022-23 onwards are waived to the extent they exceed prescribed daily rates and turnover-linked caps. For annual returns for financial years 2017-18 to 2021-22 that remained unfurnished by their due dates, late fees are waived to the extent they exceed ten thousand rupees where the return is furnished between 1 April 2023 and 30 June 2023.

DGFT's Bank Guarantee Repository Module now requires a Purpose field to identify fresh and replacement bank guarantees and sends exporters automated expiry alerts 60 and 45 days before expiry. Regional Authorities can digitally sign and issue portal-based communications for renewal, replacement, encashment and return of bank guarantees. The module provides standardised status tracking, including pending acceptance, acceptance, replacement, return on EODC, and renewal or encashment notices. Bank guarantees declared through the Bills Repository remain pending until Regional Authority acceptance, but automatically become accepted when a linked AA/EPCG invalidation file is approved.

Implementation of the ETF norms on base price, price bands, pre-open session call auction and close-out procedures is deferred from 1 September 2026 to 7 September 2026. All substantive requirements under the earlier circular remain unchanged. Market infrastructure institutions must establish the necessary systems, amend relevant bye-laws, rules and regulations where required, and communicate the revised implementation timeline and provisions to market participants, including investors, through their websites.

Assessment orders for failure to furnish a valid return within thirty days of service, issued on or before 28 February 2023, are deemed withdrawn where the registered person furnishes the pending return by 30 June 2023. The return must be accompanied by payment of applicable interest and late fee. This mechanism applies irrespective of whether an appeal against the assessment order was filed or decided.

Special procedure for revocation of cancelled GST registration permits eligible registered persons to apply up to 30 June 2023 where the statutory application period was missed. The application may be filed only after all returns due up to the cancellation date are furnished and all related tax, interest, penalty and late fee are paid. No further extension is available. Persons whose appeals were rejected solely for delay in seeking revocation are included.

Late-fee relief under section 47 applies to registered persons who delayed FORM GSTR-4 for specified periods and furnish the returns from 1 April 2023 through 30 June 2023. Late fee exceeding two hundred and fifty rupees is waived for eligible filings. Where the total central tax payable in the relevant return is nil, the late fee is fully waived.

GST administration for companies subject to the Insolvency and Bankruptcy Code, 2016 is to follow the Central GST framework, with modifications necessary for application under the Chhattisgarh Goods and Services Tax Act, 2017. The State Tax Commissioner adopts the framework to ensure uniform implementation of GST provisions for companies undergoing insolvency proceedings.

Intra-State supplies of specified goods are exempt from the whole of State tax under the Manipur Goods and Services Tax Act, 2017, subject to tariff classification and entry-specific conditions. The exemption covers extensive categories of agricultural produce, food items, seeds, medicines, health products, educational materials, traditional articles and specified cultural goods. Several entries apply only where goods are other than pre-packaged and labelled, while seed-related entries depend on seed quality or use for sowing. Conditional exemptions apply to certain lottery supplies, grant-funded supplies by Government entities, and Government public auctions of specified gift items. Customs Tariff interpretative principles govern classification.

Input Tax Credit (ITC) apportionment in business reorganisation cases under Section 18(3) of the Chhattisgarh Goods and Services Tax Act, read with Rule 41(1) of the Chhattisgarh Goods and Services Tax Rules, is to follow a uniform framework. The framework prescribed in Circular No. 133/03/2020-GST applies with necessary modifications under the Chhattisgarh GST regime for determining the apportionment of ITC upon business reorganisation.

Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.

FORM GSTR-3B return due date for September 2022 is extended to 21 October 2022 for registered persons required to furnish returns under the Manipur Goods and Services Tax framework. The extension is issued by the Commissioner on the Council's recommendations under the statutory power to extend return-filing deadlines.

Foreign exchange gain or loss may form part of transfer-pricing operating margins where it arises from export or import transactions connected with the relevant year's business operations and is revenue, rather than capital, in nature. Classification requires factual verification of that nexus and character. In the absence of findings on these matters, eligibility for operating treatment requires fresh determination under this test.

The Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 came into force on 16 October 2023. The Joint Commissioner of State Tax is designated as the authority for dealers within the officer's jurisdiction, and the Additional Commissioner (Non-GST) is specified as the appellate authority for matters under the settlement-of-arrears framework.

Appeals under the Chhattisgarh Goods and Services Tax framework, where the Appellate Tribunal has not been constituted, are governed by the provisions of Central Circular No. 132/2/2020-GST, subject to necessary modifications. The adapted procedure applies under the Chhattisgarh Goods and Services Tax Act, 2017 to secure uniformity in filing such appeals.

National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.

India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.

Application deadline for settlement of arrears under the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 is fixed as 31 March 2024. Applications for the statutory settlement purpose must be made by that date under the power conferred by section 5(1) of the Act.

Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.

Joint Commissioners of State Tax are designated as proper officers for specified local jurisdictions, subject to previously fixed pecuniary jurisdiction. The allocation covers identified circles in Raipur, Durg, Bilaspur and enforcement divisions. Matters involving revision, advance rulings, appeals against advance rulings and appellate authority are excluded from these territorial assignments. Completed proceedings are ratified only regarding local jurisdiction, while pending proceedings must continue under the revised allocation from their existing stage.