State Tax Commissioner confers powers under sections 69, 70, 71, 73 and 74 of the Delhi Goods and Services Tax Act, 2017 upon Sh. C.L. Roy, Assistant Commissioner, as Proper Officer for M/s Agson Global Pvt. Ltd. The taxpayer-specific conferment operates for 120 days from issuance or until further orders, whichever is earlier. During that period, the jurisdictional Proper Officer cannot exercise powers under those provisions in respect of the designated taxpayer.

CBI registration of an FIR concerns allegations that inflated personal net-worth certificates were used to secure corporate loan facilities from Life Insurance Corporation Housing Finance Ltd. The lender alleges that the certificates influenced lending decisions, the facilities subsequently defaulted, and later insolvency proceedings disclosed inconsistency between the represented and asserted net-worth figures. Allegations include collusion with borrower entities, false documentation, cheating, misappropriation of loan funds, and breach of lender trust.

Powers under sections 69, 70, 71, 73 and 74 of the Delhi Goods and Services Tax Act, 2017 are conferred on Sh. Sandeep Kumar, GSTO, in respect of M/s Kailashpati Poly Plast Private Limited. The conferment remains effective for 120 days from issuance or until further orders, whichever occurs earlier. During that period, the jurisdictional Proper Officer cannot exercise powers under those provisions in relation to the identified taxpayer.

Proper-officer powers relating to arrest, summoning, access to business premises, and determination of tax or input tax credit issues are conferred on Sh. Nagesh Kumar Mallah, Assistant Commissioner, for M/s Jindal Wax. The conferment covers sections 69, 70, 71, 73 and 74 of the Delhi Goods and Services Tax Act, 2017, and operates for 120 days from 9 January 2022 or until further orders, whichever is earlier. The jurisdictional proper officer cannot exercise those powers against the specified taxpayer during that period.

Delegation of powers under sections 69, 70, 71, 73 and 74 of the Delhi Goods and Services Tax Act, 2017 is conferred on Sh. Rajender Kumar Ahuja, Assistant Commissioner, as the specified Proper Officer in relation to M/s Dev International. The authority is taxpayer-specific, remains effective for 120 days from issuance or until further orders, and excludes exercise of those powers by the jurisdictional Proper Officer during that period.

Premium under the International Financial Services Centres Authority framework adopts the meaning assigned under the Insurance Act, 1938. For re-insurance business, it means consideration paid or payable under a re-insurance contract to cover risk. The amendment substitutes the relevant premium definition in the 2022 regulations and takes effect upon publication in the Official Gazette.

A designated Proper Officer is authorized to exercise powers under sections 69, 70, 71, 73 and 74 of the Delhi Goods and Services Tax Act, 2017, in respect of M/s SK&A Impex LLP. The authorization operates for 120 days from issuance or until further orders, whichever is earlier. During its operation, the jurisdictional Proper Officer cannot exercise powers under those specified sections against the identified taxpayer.

Regulation 28(5), first proviso, is amended by inserting the words "certain situations as per its approved policy, including but not limited to" after "a rating in" and before "the". The insertion connects the relevant rating-related requirement with situations covered by an approved policy and clarifies that those situations are not exhaustive. The amendment takes effect from publication in the Official Gazette.

Powers concerning arrest, summons, access to business premises, and determination of tax liabilities are conferred on the specified Proper Officer in relation to M/s J P Jain & Company under the Delhi Goods and Services Tax Act, 2017. The conferment operates for 120 days from issuance or until further orders, whichever is earlier. During that period, the jurisdictional Proper Officer cannot exercise those powers in respect of the identified taxpayer.

Rule 137 extends the period for retaining specified accounts and records from four years to five years. FORM GST DRC-03 is expanded to cover payments following tax intimation through FORM GST DRC-01A, scrutiny, inspection, and mismatches between return forms. Its payment table is replaced with a detailed format requiring tax-period, place-of-supply, payment-component, ledger-utilisation, and debit-entry particulars.

Shri Sujay Prakash Upadhyay, Additional Commissioner of State Tax (Headquarters, Bihar, Patna), is nominated as the Nodal Officer for participation in meetings of the Industries Department. The nomination takes effect immediately.

Proper-officer jurisdiction for registration-related provisions is assigned to the Deputy Commissioner of Commercial Taxes in charge of a Circle or, where applicable, the Assistant Commissioner in charge of that Circle. The designation covers registration liability, exemption and compulsory registration, registration procedure, deemed registration, casual and non-resident taxable persons, amendment, cancellation, and revocation of cancellation. The appointment takes effect from 1 July 2017.

Interest on fixed deposits with a licensed co-operative bank, where the funds are not required for operational lending activity, is taxable as income from other sources rather than business income attributable to providing credit facilities to members. It therefore does not qualify for deduction under section 80P(2)(a)(i). Interest from such deposits also does not qualify under section 80P(2)(d), because a scheduled co-operative bank operating under a banking licence is excluded from treatment as a co-operative society for that purpose. The fixed-deposit interest remains taxable without deduction under either limb.

Revision under Section 263 is valid where an assessment order accepts a registered valuer's construction valuation without verifying the underlying rates or reconciling it with the Departmental Valuation Officer's report. Explanation 2(a) treats an order passed without inquiries or verification that should have been made as erroneous and prejudicial to Revenue interests. Production of documents and explanations does not replace the Assessing Officer's independent inquiry. The distinction is between complete absence of inquiry, which supports revision, and inadequate inquiry. Revision remains valid where it does not mandate adoption of a particular valuation or predetermine reassessment merits.

Eligible registered persons with aggregate turnover not exceeding two crore rupees may optionally furnish annual returns for financial years 2017-18 and 2018-19 before the applicable due date; otherwise, the return is deemed furnished on that date. Composition taxpayers may use FORM GSTR-9A and other eligible taxpayers may use FORM GSTR-9, but the common portal will not permit filing after the due date. Taxpayers identifying short-paid tax or ineligible input tax credit during reconciliation may self-assess and voluntarily pay the liability through FORM GST DRC-03.

Post-supply discounts may be excluded from the value of supply where the supplier issues a credit note and the recipient reverses input tax credit attributable to the discount. The requirement to link such discounts with an agreement specifically connected to the relevant invoice is removed. Credit-note provisions expressly cover post-supply discounts. Provisional refund is extended to unutilised input tax credit arising from an inverted duty structure, while export refund claims for goods exported on payment of tax are excluded from the minimum-threshold condition.

Trial-run sale proceeds generated before commercial production and directly connected with setting up a new plant are capital receipts, adjustable against capitalised pre-operative expenditure rather than revenue income. Where own funds exceed investments capable of yielding exempt income, interest disallowance is not attracted; a voluntary administrative-expense disallowance need not be enhanced without a basis. An acquired trademark qualifies for depreciation when ownership passes under an assignment agreement and it is used, wholly or partly, despite the transferor's limited transitional licensed use to dispose of stock.

Registration of rent and lease agreements is mandatory for GST registration and amendment where a principal or additional place of business is occupied on rent or lease in Rajasthan. Because State law requires registration of rent or lease agreements for every period, an unregistered agreement is not sufficient for such GST purposes. Electronic registration may be initiated through the e-Panjiyan Portal, followed by examination of admissibility, verification through physical or electronic modes, statutory and stamp-duty scrutiny, and digital endorsement upon satisfaction of all legal and procedural requirements.

Job work services under Heading 9988 cover treatment or processing of goods belonging to another registered person and attract the concessional rate applicable to that entry. Manufacturing services on physical inputs owned by others apply where the goods are owned by persons other than registered persons. This category excludes job work and remains subject to the rate prescribed for manufacturing services, preserving separate classification based on the ownership status of the goods.

National Assessment Centre (NAC) Portal creates a common digital repository for customs assessment information, including NAC decisions, legal precedents, CAAR rulings, advisories, audit observations, and material on classification, valuation and related matters. The portal supports transparent access, consistent assessment practices, informed compliance and trade facilitation. Each NAC has role-based access to upload, update and manage information within its allocated functional domain and must regularly update the repository. Commodity issues raised for guidance or assessment uniformity before CCFC or PTFC require priority updating.