Blocked input tax credit under Rule 86A of the GST Rules, 2017 may be restricted where wrongly or fraudulently availed, but the restriction ceases after one year if no action has been taken. Identified cases involving ITC blocked beyond one year were required to be reviewed by zonal and ward in-charges, with action taken updated in the KPI 18 sheet and a compliance report furnished to the BIU.

GST registration is prohibited, for the time being, unless biometric-based Aadhaar authentication is completed. The requirement applies across the country and addresses fraudulent registrations obtained through misuse of PAN and Aadhaar details. Biometric authentication is treated as necessary to curb fake registrations, revenue loss and harassment caused by identity misuse. Authorities may raise objections concerning practical difficulties in implementation.

De-notification of 0.0792 hectares from an Information Technology and Information Technology Enabled Services Special Economic Zone reduces the notified SEZ area from 5.37 hectares to 5.2908 hectares. The land comprises Survey No. 439 in Sholinganallur village. The action is exercised under the second proviso to section 4(1) of the Special Economic Zones Act, 2005, read with rule 8 of the Special Economic Zones Rules, 2006, after State Government approval, Development Commissioner recommendation, and fulfilment of applicable statutory requirements.

Additional IGST refund claims arising from an upward revision of export-goods prices may be filed electronically in FORM GST RFD-01 and are processed by the jurisdictional GST officer. Eligibility depends on documentary establishment of the price revision, payment of additional IGST and applicable interest, and receipt of corresponding additional foreign-exchange remittance. The officer must verify GSTR-1 reporting, GSTR-3B payment, revised export value, and foreign-exchange remittances. Claims below the prescribed minimum are not payable, and filing is subject to the applicable two-year limitation period.

Verification of unutilized input tax credit carried from pre-GST tax regimes through TRAN-1 and TRAN-2 is required to ensure that migrated dealers claim only eligible transitional credit. Proper officers must examine the genuineness of such credit under the applicable GST transitional provisions by referring to prior-regime returns, relevant invoices and GST portal reports. The verification is required to be completed within the prescribed three-month period to safeguard revenue.

Banking concerns consistently valuing Government securities as stock-in-trade may claim deduction for diminution in value and amortisation of premium on securities held to maturity, where the recognised accounting method and applicable banking norms support that treatment. Premium amortisation on held-to-maturity Government securities remains deductible. Provision for depreciation in the value of Government securities is likewise allowable when it accords with the bank's consistently followed valuation practice. The admissibility of both deductions depends on the recognised method of accounting for banking investments.

CSD refund claims for fifty per cent of applicable taxes on eligible inward goods for subsequent supply to Unit Run Canteens or authorised customers must be filed electronically in FORM GST RFD-10A. Claims require supplier invoice and return compliance, clear GSTIN details, an eligible-use undertaking, and a no-prior-claim declaration. The proper officer verifies return filing, invoice matching, supplier compliance, input tax credit reversal, completeness and eligibility. Portal validation excludes unmatched and previously claimed invoices, and auto-populated refund amounts may only be reduced.

The key performance indicator framework monitors GST and DVAT compliance through return-filing defaults, return mismatches, high input tax credit use, e-way bill discrepancies, pending assessments, refunds, recovery demands and suspected fake firms. Relevant taxpayer data must be pre-filled in zonal Google Sheets by designated branches. Data is downloaded monthly, uploaded by the first day of the following month, and supplemented by Ward Officers' action-taken updates by the fifth day. Leading GSTR-1/GSTR-3B and GSTR-2A/GSTR-3B mismatch cases are separately supplied at State and zonal levels for supervisory review.

GST registration may be suspended immediately where return comparisons or other analysis reveal significant discrepancies indicating contravention that may lead to cancellation and pose a revenue risk. The affected person receives electronic intimation and must reply within thirty days through FORM GST REG-18, including compliance with pending return filing where applicable. After considering the reply or its absence, the proper officer may restore registration through FORM GST REG-20 or cancel it through FORM GST REG-19. Revocation of suspension does not prevent further verification, tax recovery, or fresh cancellation proceedings.

Share application money supported by application forms, confirmations, corporate resolutions, tax records, financial statements and bank records cannot be treated as unexplained cash credit where that evidence remains unrebutted. A third-party statement does not establish accommodation entries when it does not concern the relevant taxpayer, assessment year or subscribing entities. Related-party expenditure is disallowable only when shown excessive or unreasonable against fair market value, legitimate business needs or benefit derived. Service records, invoices, supervisory reports and recipient records supported the payments; without discrepancies or comparable market evidence, risk-management, supervision and consultancy charges remained allowable.

Safebox consolidates household financial information across assets, liabilities, insurance, critical records and family details, with nominee mapping for individual holdings. It is designed to help family members identify relevant information and access requirements during emergencies or transitions where financial holdings are dispersed across institutions and digital identities. The platform uses regulated financial infrastructure through integration with the Account Aggregator framework and operates through an entity registered as an Investment Adviser.

Gold loan eligibility and estimated borrowing capacity depend on gold purity, eligible net gold weight, the applicable valuation price and the Loan-to-Value (LTV) limit. An online calculator may provide a preliminary estimate based on borrower-entered details, but cannot determine the final sanctioned amount. Valuation excludes stones, beads, gems and other non-gold components and remains subject to physical verification of gold weight, purity and eligibility. Tiered RBI LTV limits restrict maximum borrowing against assessed gold value, while borrowers should review applicable interest, fees, repayment terms and other charges.

Risk-based step-up authentication applies stronger verification when transaction risk indicators require it, while allowing trusted digital payment transactions to proceed with minimal friction. Wibmo Intelligent Authentication Suite combines authentication with real-time risk assessment to support risk-aware decision-making across payment journeys. The capability is positioned to help banks, fintechs and financial institutions strengthen payment security, manage fraud and risk, and preserve convenient experiences for cardholders and end users.

Authorised Economic Operator reform and customs-trade facilitation are addressed through an open-floor deliberation involving importers, exporters, terminal operators, customs brokers and surveyors. Practical submissions are to be consolidated into an Outcome Document for submission to the Central Board of Indirect Taxes and Customs. Focus areas include trust-based compliance, faceless examination, National E-Bond, transfer of ownership, Participating Government Agency routing through SWIFT 2.0, and Customs Integrated Systems 2.0. Related sessions address GST appellate dispute preparedness, free trade agreement services, maritime risk and customs reform implementation.

FCNR(B) inflows mobilised through a special concessional swap arrangement are anticipated to be deployed over three to four months. Banks are expected to manage the resulting liquidity responsibly rather than expand credit abnormally. The staggered deployment period is presented as mitigating concerns that diaspora-linked foreign-currency inflows could cause excessive lending.

GST liability is questioned on maintenance deposits collected by a builder from prospective flat buyers during construction, recorded as liabilities, and held separately until formation of a society or association. The deposits are intended for transfer to the association after registration. A GST notice seeks tax discharge on these amounts, raising whether the builder's temporary custody of funds earmarked for later transfer constitutes a taxable supply.

Where an application for revocation of cancelled GST registration is made more than 60 days after service of the cancellation order but within 90 days of that service, the prescribed process applies to Zones 1 to 12 through the Special Commissioner-II. The procedure applicable under paragraphs 3.1 to 3.3 must be followed mutatis mutandis, while all remaining terms and conditions continue without alteration.

Faceless assessment workflow in ICES enables assessing officers to view previous Bills of Entry declared by importers or Customs Brokers and Bills of Entry referenced through the Risk Management System. Importers and Customs Brokers are advised to provide item-level previous Bill of Entry references while filing to support expeditious assessment.

Faceless assessment clearance grievances concerning Bills of Entry are channelled through a Facilitation Helpdesk operated by the Turant Suvidha Kendra. Importers, exporters, customs brokers and other stakeholders may seek assistance from designated supervisory or appraising officers through in-person, email or telephone communication. A designated nodal officer serves as the single escalation point for urgent clearance grievances.

Section 80IA(4) deduction for infrastructure developers does not extend to a joint venture executing a State Government lift-irrigation project as an EPC works contractor. Deduction provisions require strict construction, and the statutory Explanation excludes businesses undertaking works contracts awarded by any person, including a State Government. Mobilisation advances, fixed monthly execution payments, retention money and performance guarantees indicated performance of specified engineering and construction work, not entrepreneurial risk, financial involvement or independent infrastructure development. The deduction was therefore unavailable and the disallowance was sustained.