GST registration revocation applications may be filed within an extended period authorised by the competent Commissioner-level officer. Corporate registered persons receive temporary EVC verification flexibility, while input tax credit conditions for specified months apply cumulatively. FORM GSTR-1 and invoice furnishing facility filing is barred for taxpayers with prescribed pending FORM GSTR-3B returns. Refund claims may be withdrawn through FORM GST RFD-01W before specified stages, with debited ledger amounts re-credited. The refund limitation period excludes time spent awaiting deficiency communication where a corrected fresh claim is filed.

NBFC Factors remitting foreign-currency factoring proceeds to AD-I Banks must use the specified SWIFT message text so that AD-I Banks do not create Inward Remittance Messages for those funds. For Indian-currency funds released after export-bill discounting without a SWIFT message, customers seeking IRMs must approach the relevant Factor. Exporters may view NBFC Factor-linked remittance data on the DGFT portal and self-certify Electronic Bank Realisation Certificates by matching remittance details with invoices or shipping bills.

Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.

Tamil Nadu GST administration inserts section 74A into the demands and recovery framework for determination of unpaid, short-paid or erroneously refunded tax and wrongly availed or utilised input tax credit relating to financial year 2024-25 onwards. Deputy State Tax Officers may undertake assessment, demand and adjudication under section 74A for taxpayers whose State turnover in the preceding or current financial year does not exceed the prescribed threshold.

The amendments introduce rule 164 for electronic applications seeking waiver of interest or penalty under section 128A for eligible section 73 demands. FORM GST SPL-01 applies to notices or statements and FORM GST SPL-02 to orders, subject to full tax payment and, where applicable, withdrawal of appeals or writ petitions. The proper officer may issue a notice, seek a reply and accept or reject the application through prescribed forms. Failure to issue an order within the stipulated period results in deemed approval and conclusion of proceedings. The amendments also revise invoice, refund, registration, appeal and demand-procedure requirements.

Gujarat State tax on intra-State supplies of goods is reclassified under seven schedules carrying rates of 2.5%, 9%, 20%, 1.5%, 0.125%, 0.75% and 14%. Classification depends on the scheduled goods description and corresponding customs tariff classification. Reduced, standard, higher and concessional treatments apply to specified categories, with several entries subject to exclusions, packaging, value, use or supply conditions. Customs tariff interpretative rules apply, and defined terms include unit container and pre-packaged and labelled. The revised rate structure takes effect from 22 September 2025.

GST registration revocation procedures under the Tamil Nadu Goods and Services Tax Rules, 2017 authorise the Joint Commissioner to exercise the powers and perform the functions assigned to the authorised officer under the first proviso to Rule 23(1). The authorisation is deemed effective from 1 October 2023.

FORM GST ITC-04 filing deadline for goods dispatched to, or received from, a job worker during January to March 2021 was extended until 30 June 2021 under the Telangana Goods and Services Tax framework. The extension applied to the job-work declaration requirement and took effect retrospectively from 25 April 2021.

Annual return filing under the Gujarat Goods and Services Tax framework is exempted for registered persons with aggregate turnover up to two crore rupees for a financial year. The exemption applies to annual returns for financial year 2024-25 and subsequent financial years.

Gujarat GST Rules are amended to introduce system-risk-based provisional refunds, revised Appellate Tribunal acknowledgement and appeal formats, and mandatory Tribunal order summaries. FORM GSTR-9 is restructured to separately report preceding-year ITC availed in the current year, net ITC, reversals, reclaimed credit, and import IGST credit availed in the next year. From financial year 2024-25 onwards, specified next-year supplies, ITC reversals and ITC availment must be reported in the annual return. FORM GSTR-9C also adds e-commerce operator tax-reporting and late-fee reconciliation requirements.

Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.

Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.

FORM GSTR-4 filing for the financial year ending 31 March 2021 is extended until 31 July 2021 for persons covered by the specified return-furnishing requirement under the Telangana Goods and Services Tax framework. The amendment, made under section 148 on the Council's recommendations, is deemed effective from 30 April 2021.

Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.

Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.

Time limits for actions and compliances under the Telangana Goods and Services Tax Act falling from 15 April 2021 to 29 June 2021 were extended to 30 June 2021, subject to specified exclusions. The extension covers proceedings, orders, notices, appeals, replies, applications, returns and records. Registration-application rule deadlines falling from 1 May 2021 to 30 June 2021 were extended to 15 July 2021. Refund-rejection order deadlines were extended to 15 days after receipt of the registered person's reply or 30 June 2021, whichever was later.

Qualified bills of lading stating that weight, contents and value are unknown bind the carrier as to the acknowledged number of bags, but do not establish the weight or contents shipped. Recovery for an alleged weight shortage requires proof of the loaded weight, carrier default, and liability under the charterparty. Where the charterparty allocates loading, stowage and discharge risks to the charterer and survey evidence shows no tampering or improper stowage, the shipowner's exposure is limited by the contractual terms. Shortages discovered after discharge may arise while goods are ashore and outside carrier custody. An operating manager acting solely as the shipowner's agent is not personally liable without a separate contractual or statutory basis. Survey charges require an established carrier-related necessity.

E-invoicing requirements under rule 48(4) of the Telangana Goods and Services Tax Rules, 2017 are amended. Government departments and local authorities are excluded from the notified registered persons from 1 June 2021. The aggregate-turnover threshold for e-invoicing applicability is reduced from one hundred crore rupees to fifty crore rupees from 1 April 2021.

Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.

Late fee for delayed furnishing of FORM GSTR-7 by registered persons required to deduct tax at source is waived to the extent it exceeds twenty-five rupees per day of continuing default. The aggregate late fee is capped through waiver of the amount exceeding one thousand rupees. The concession applies to returns for June 2021 onwards and takes effect from 1 June 2021 under the Telangana Goods and Services Tax framework.