Market Infrastructure Institutions must implement a system-driven IT Resilience Index to measure the robustness of critical IT systems and related systems. The Index covers availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and incident handling. Institutions must compute the Index half-yearly, submit comparative results and corrective actions to their technology committee and governing board, and limit manual data retrieval to exceptions discussed with the technology committee. They must also establish an early warning system, continuous service-delivery dashboards, and monitoring procedures. The framework, including early warning and real-time monitoring, must be operational by February 28, 2027, with the first computation for the half-year ending March 31, 2027.

Apollo World Connect Ltd. is appointed custodian under Section 45(1) of the Customs Act, 1962 for imported goods landed at Kamarajar Port and received at its container freight station, until clearance for home consumption, warehousing or transhipment. It is also appointed custodian of export cargo brought into its premises until export from that port. The custodian must comply with Section 45, the Handling of Cargo in Customs Areas Regulations, 2009, and applicable rules, regulations and instructions. The appointment takes effect from 21 August 2026.

Specified container freight station premises at Kattupalli are declared a Customs Area for handling imported full-container-load and less-than-container-load cargo arriving from Kamarajar Port, excluding passengers' unaccompanied baggage, and for handling export cargo until export. Import and export cargo must be processed under the Handling of Cargo in Customs Areas Regulations, 2009, and applicable customs public notices. The designation takes effect on 21 August 2026 and continues the stated cargo-handling scope previously notified for the premises.

Registered persons whose aggregate turnover in a financial year exceeds the prescribed threshold must include a Quick Response (QR) code on invoices issued to unregistered persons. A B2C invoice is deemed to have a QR code where a dynamic QR code is displayed digitally to the recipient and the invoice contains a cross-reference to payment through that code. The requirement takes effect from 1 April 2020.

Rule 5 of the Arunachal Pradesh Goods and Services Tax (Fourth Amendment) Rules, 2019 comes into force on 1 April 2020. The Government fixes this commencement date under the authority conferred by rule 5, following the recommendations of the Council, for application within the State goods and services tax framework.

Registered persons whose aggregate turnover in a financial year exceeds one hundred crore rupees must prepare invoices in accordance with sub-rule (4) of rule 48 of the Arunachal Pradesh Goods and Services Tax Rules, 2017. The requirement applies to supplies of goods, services, or both made to another registered person and takes effect from 1 April 2020.

Long-term capital gains from share sales supported by purchase and sale documents, share certificates, demat statements and bank records cannot be treated as unexplained money solely on a general investigation report alleging penny-stock manipulation. An addition requires independent enquiry or material connecting the taxpayer or brokers with accommodation entries and must address the transaction-specific documentary evidence. Reliance on third-party statements without an opportunity for cross-examination weakens the proposed addition. General suspicion concerning a scrip does not displace substantiated evidence of the particular share transactions; the gains were treated as genuine and the addition was deleted.

Common Goods and Services Tax Electronic Portals are designated for preparation of invoices under the prescribed electronic invoicing framework. The designated portals comprise einvoice1.gst.gov.in through einvoice10.gst.gov.in and are managed by the Goods and Services Tax Network. The designation takes effect from 1 January 2020 for invoice preparation under the applicable State and integrated goods and services tax regimes.

Electronic invoice preparation is prescribed for notified classes of registered persons. Covered persons must include FORM GST INV-01 particulars and obtain an Invoice Reference Number by uploading relevant information on the Common Goods and Services Tax Electronic Portal, subject to specified conditions and restrictions. An invoice issued otherwise by a covered person is not treated as an invoice. General invoice preparation requirements do not apply to invoices prepared through this electronic invoicing mechanism.

Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.

GST compliance measures for specified 2020 periods prescribe turnover-based interest treatment for delayed GSTR-3B returns. Persons above the aggregate-turnover threshold receive nil interest for the first 15 days of delay, reduced interest up to 24 June 2020, and normal interest thereafter. Persons below the threshold receive nil interest until prescribed dates, reduced interest until 30 September 2020, and normal interest for further delay. Late-fee waiver for GSTR-3B remains conditional on filing by prescribed dates; otherwise, late fee runs from the original due date.

SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.

Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.

Refund of accumulated input tax credit for supplier-uploaded invoices is restricted to credit reflected in the applicant's FORM GSTR-2A. Credit on missing invoices is not eligible for refund merely because invoice copies accompany the application. This matching restriction does not affect refund of input tax credit relating to imports, Input Service Distributor invoices, or inward supplies liable to reverse charge; their existing refund treatment continues.

Andhra Pradesh revises GST rate-schedule tariff classifications for specified beverages and related goods. Schedule I entries subject to 2.5% GST are replaced with tariff headings 2202 99 21, 2202 99 29, 2202 99 31 and 2202 99 39. Schedule III entries subject to 20% GST are replaced with headings 2202 91 00, 2202 99 91 and 2202 99 99. The revised classifications take effect from 1 May 2026.

Bihar GST compliance for insolvency proceedings permits corporate debtors with all pre-appointment FORM GSTR-1 statements and FORM GSTR-3B returns furnished to continue under their existing registration without separate IRP/RP registration. Replacement of an IRP/RP requires amendment of authorised signatory details rather than fresh registration. COVID-19 relief extends the merchant exporter's 90-day export condition, where it expired within the specified period, to 30 June 2020, and also extends filing of FORM GST ITC-04 for the March 2020 quarter to that date.

Reserve for unexpired risks, representing identified premium income attributable to future contract or risk periods, is recognised over those periods and reduced from gross premium under insurance accounting requirements. Where the reserve is not debited to the profit and loss account and the related income is offered to tax in succeeding years, the precondition for addition under clause (b) of Explanation 1 to Section 115JB is not met. The reserve constitutes an ascertained liability and is not added back in computing book profit.

Penalty for accepting cash sale consideration under Section 269SS was unsustainable where an agriculturist acted under a bona fide belief about tax requirements and urgently needed funds. The cash receipt was disclosed in a revised return before reassessment proceedings began. Consistent treatment was also required because penalty proceedings relating to the identical land-sale transaction had been dropped for a co-owner. Penalty under Section 271D was therefore deleted.

Leave-encashment exemption for retired non-government employees under Section 10(10AA)(ii) is subject to the notified monetary ceiling. Notification No. 31/2023 increased that ceiling from Rs. 3 lakh to Rs. 25 lakh. The enhanced limit is treated as a beneficial and remedial measure intended to remove disparity with government employees and to apply to pending assessment proceedings where the claim falls within the revised ceiling. Delay in filing an appeal may be condoned where subsequent legal developments and the enhanced exemption notification establish sufficient cause, without deliberate or mala fide conduct.

Retrospective substitution of "High Court" for "Appellate Authority" in section 28KA, coupled with deletion of the former appellate-authority definition, places appeals from advance rulings under section 28-I before the High Court. Customs-duty exemption for computer monitors principally used with automatic data processing systems remains available where the monitors are classifiable under Heading 8528 52 00. Under the principal-use test, additional HDMI, VGA, DVI, USB or comparable connectivity allowing incidental use with other devices does not displace the monitors' primary design and use with automatic data processing systems, nor does it alone establish that they are excluded television or video-reception monitors.