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.

Penalty notices under Section 274 read with Section 270A must clearly identify whether the charge is under-reporting or misreporting and, for misreporting, the relevant statutory basis. Notices using both expressions without specifying the applicable limb deny a meaningful opportunity to respond and invalidate the consequential penalty proceedings. Estimated additions for spent-solvent and scrap receipts, and cash expenditure recorded in regular books, do not by themselves establish misreporting where the explanation is bona fide and material facts are disclosed. Further, where income returned under Section 153A is accepted without variation, no under-reported income arises because the relevant comparison is with the assessed income.

Interest or dividend income earned by an eligible co-operative society from investments with another co-operative society qualifies for deduction under Section 80P(2)(d) of the Income-tax Act. The exclusion applicable to co-operative banks does not, by itself, bar this deduction for an eligible co-operative society. Precedent addressing interest under a different deduction clause does not govern a claim made under the specific provision for income from investments with co-operative societies. Accordingly, interest on deposits maintained with co-operative banks qualifies for deduction under Section 80P(2)(d).

Section 153C(1) requires the Assessing Officer of the searched person to record satisfaction that seized books or documents pertain to another person, or that their information relates to that person. The Assessing Officer having jurisdiction over that other person must separately be satisfied that the material bears on determination of total income, even where the same officer assesses both persons. Describing seized notebooks as relating only to the searched person's money-lending business does not meet this jurisdictional condition. A later, contradictory assertion that the same material belongs to the other person cannot cure the defect. Section 292B does not validate failure to satisfy this mandatory condition precedent; resulting proceedings and assessments are void ab initio.

COVID-19-related inability to leave India during Financial Year 2020-21 raised the question whether the resulting period of stay should be excluded when determining residential status. Earlier CBDT relief applied to Financial Year 2019-20, while comparable relief for the subsequent year remained under consideration following a representation. The taxpayer was required to submit a representation to CBDT within three days, and CBDT was required to consider it within three weeks of receipt.

Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.

GST paid on cancelled service-contract advances is adjusted through a credit note where an invoice was issued; a separate refund claim is required only where no output tax liability is available for adjustment. Where no invoice was issued, a refund voucher must be issued and GST may be claimed through FORM GST RFD-01. Invoiced goods returned by recipients are similarly addressed through credit notes. COVID-19 compliance relief extended the deadline for furnishing the Letter of Undertaking, filing GSTR-7 and depositing deducted tax, and filing eligible refund applications to 30 June 2020.

Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.