Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.

Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.

State tax on services covered by clause (f) of item (iv) against serial number 3 is temporarily levied at 2.5 per cent, irrespective of the otherwise applicable rate, from 14 June 2021 to 30 September 2021 under the Arunachal Pradesh goods and services tax rate framework.

Arunachal Pradesh appointed 1 January 2021 as the commencement date for specified provisions of the Arunachal Pradesh Goods and Services Tax (Amendment) Act, 2021. The provisions brought into force comprise sections 119 to 124, sections 126 and 127, and section 131, pursuant to the State Government's statutory commencement power.

FORM GST INV-01 is substituted to prescribe version 1.1 of the e-invoice schema. It specifies mandatory, optional and conditional fields, technical formats and reporting cardinality for invoice, credit note and debit note data. Core reporting covers document details, supplier and recipient information, item particulars, taxable values, applicable GST and cess components, and document totals. The Invoice Registration Portal generates the mandatory invoice reference number required for e-invoice validity. Optional sections cover payment, delivery, export, supporting-document and e-way bill information, with conditional requirements for transport and location details.

Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.

China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.

Addition for alleged unexplained bank deposits under Section 69A was unsustainable because the discrepancy arose from comparing full-year deposits with figures considered only up to 22 January 2018. Bank records showed that deposits exceeded the departmental insight information and represented business receipts later remitted for telecom recharges. No independent verification established that transactions in the relevant bank account fell outside regular business receipts. Deletion of the addition was therefore upheld.

Input tax credit on ducts and manholes forming part of an optical fiber cable network used to provide telecommunication services is not restricted under the blocked-credit provisions concerning works contract services or construction of immovable property. These components are integral to transmitting telecommunication signals and fall within plant and machinery because they are used for making outward supplies. They are not excluded as land, buildings, civil structures, telecommunication towers or pipelines laid outside factory premises.

Section 14A disallowance under Rule 8D is restricted where an assessee's own funds substantially exceed its investments, creating a presumption that the investments were made from own funds. No interest expenditure is therefore disallowable under Rule 8D(2)(ii), and no direct expenditure disallowance arises under Rule 8D(2)(i). Administrative expenditure under Rule 8D(2)(iii) must be computed only with reference to investments that actually yielded exempt dividend income. Investments in foreign companies whose dividends are taxable must be excluded from that computation.

GST exemption applies to loans, credit or advances where consideration is solely interest or discount, other than interest in credit card services. No separate processing, facilitation or administration service is deemed in loans between an overseas affiliate and its Indian affiliate, or between related persons, merely because no fee other than interest or discount is charged; open market value cannot be used to levy GST on such deemed service. Processing, administrative, service or loan-granting fees charged in addition to interest or discount are taxable consideration for loan-related services.

Business-use equipment installed at leased or rented premises qualifies as plant and machinery eligible for depreciation at 15%, rather than furniture and fixtures. For exempt-income expenditure, sufficient own funds support a presumption that investments were interest-free funded, and the Rule 8D computation should include only investments yielding exempt dividend income; foreign investments producing taxable dividends and non-yielding investments are excluded. Conversion costs and purchased spare parts reflected in closing stock are actual allowable costs, not contingent provisions. Residential flats substantiated as business guest houses qualify for depreciation at 10%. Repair and maintenance expenditure remains disallowable to the extent attributable to capital assets or unsupported capital components.

Import policy for clear float glass classified under ITC (HS) codes 70051090 and 70052990 is changed from Free to Restricted. Imports remain free where the CIF value is Rs. 34,000 or more per metric tonne. The minimum import price condition is inapplicable to Advance Authorisation holders, Export Oriented Units and Special Economic Zone units if imported inputs are not sold into the Domestic Tariff Area, and applies for one year from publication.

FORM GSTR-3B for the months from July 2019 to September 2019 must be furnished electronically through the common portal by the twentieth day of the succeeding month. Registered persons must discharge liabilities towards tax, interest, penalty, fees, or other payable amounts through the electronic cash ledger or electronic credit ledger, as applicable, by the prescribed return-filing due date.

Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.

Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.

Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.

The time limit for registered persons required to deduct tax at source to furnish FORM GSTR-7 returns for the periods from October 2018 through July 2019 is extended until 31 August 2019. The extension operates under the return-filing and tax-deduction-at-source provisions and the prescribed GSTR-7 procedure. Earlier specified State Tax notifications are superseded, without affecting actions already taken or omitted before supersession.

GST treatment of motor-vehicle salvage depends on contractual ownership after claim settlement. Where the insurer deducts agreed salvage value from a total-loss claim, salvage remains with the insured; the deduction is a contractual deductible, not consideration for a supply by the insurer, and no GST liability arises for the insurer. Where the insurer settles the claim for the full declared vehicle value without a salvage deduction, salvage becomes the insurer's property. The insurer must discharge outward GST on its subsequent sale or supply of that salvage.

The amendments require multiplex cinema-service suppliers to issue electronic tickets deemed to be tax invoices, while allowing non-multiplex suppliers to use that procedure optionally. They establish electronic application and order forms for surrender and cancellation of GST practitioner enrolment, extend the record-retention period, and prescribe an application-and-reasoned-order process for unblocking e-way bill generation. Refund Statement 5B is revised for deemed-export claims to capture relevant supply documents, supplier identification and tax-paid details.