GST transitional-credit claims through TRAN-1 and TRAN-2 could be filed or revised during a one-time portal facility. Applicants had to upload the prescribed declaration, upload TRANS-3 where Credit Transfer Document-based credit was claimed, and submit self-certified copies and supporting material to the jurisdictional tax officer within seven days. Form details could be amended only before submission; once submitted, the form was frozen and no further filing or revision was permitted. Claims were subject to verification, production of records where required, reasonable opportunity of hearing, and reflection of allowed credit in the Electronic Credit Ledger.

Reassessment cannot be initiated merely by reconsidering issues already examined during the original assessment. Where recorded reasons arise solely from the existing assessment record, and the taxpayer had answered specific original-assessment queries on those matters, no new tangible material supports reopening. Such reconsideration constitutes a change of opinion, rendering initiation of reassessment invalid.

IIOs may receive insurance premium through recognised banking and electronic instruments, bank guarantees, cash deposits, or other specified methods. Risk may be assumed, continued or terminated where premium is received, guaranteed, supported by an advance deposit, or governed by contractual or specified terms. Insurance contracts must state premium schedules, grace periods, consequences of non-payment, revival conditions, risk commencement and termination, and any premium payment warranty clause. Premium refunds must be paid directly to insured persons, while IIOs must maintain Board-approved credit-risk mitigation policies.

Late fees for delayed filing of Bills of Entry are waived where the delay relates to consignments covered by Import General Manifests filed on 1 and 2 February 2021 and resulted from the ICES shutdown for Budget 2021-22 system updation. The waiver applies to late fees otherwise chargeable under the Bill of Entry (Forms) Amendment Regulations, 2017. ICES filing services were restored on 3 February 2021.

Rule 43 of the Value Added Tax Rules, 2005 requires refund applications to be filed before the Additional Commissioner of State Taxes. An application filed before the Joint Commissioner of State Taxes is not a valid application before the prescribed authority. The claimant must submit a proper refund application to the Additional Commissioner, who must consider the claim and process any refund expeditiously.

Refund of accumulated input tax credit for tax periods from January 2022 onwards is restricted to credit reflected in FORM GSTR-2B for the relevant or preceding tax periods and otherwise available to the applicant; previously disposed claims are not reopened. Exporters who subsequently export goods or realise export-service payment after the bond or Letter of Undertaking time limits may claim otherwise admissible refund of unutilised input tax credit and integrated tax paid, but not interest. Exported-goods value in adjusted total turnover follows the rule 89(4) Explanation.

Seized material belonging to an assessee and found during a search of another person must be assessed under the specific search-assessment regime, rather than through general reassessment provisions. Section 153C overrides reassessment under Sections 147/148 for such material, rendering reassessment invalid where the specific procedure applies. An additional ground challenging reassessment may be admitted at the second-appellate stage when it raises a jurisdictional issue, goes to the root of the assessment, and is determinable from material already on record.

Where the Tribunal follows binding High Court precedent and identical Revenue appeals have already been dismissed, no substantial question of law arises unless contrary material distinguishes or displaces the settled position. The Revenue's challenge failed because it identified no basis to depart from the governing precedent, and the issue remained decided in favour of the assessee.

Global investment access is integrated into IFANOW's wealth-management platform through Appreciate's technology infrastructure, enabling advisors and clients to access Global Funds and US Stock Baskets within existing workflows. Assisted and DIY journeys support onboarding, KYC, remittance and investment execution. Appreciate provides infrastructure for execution, payments, distribution, advisory and exchange connectivity through APIs and SDKs. Global investments are facilitated through regulated GIFT City IFSC and FEMA-compliant Liberalised Remittance Scheme routes, with supported banking channels for funding.

Orange Retail Finance India Private Limited completed a listed non-convertible debenture issuance as the first tranche of its listed debt programme. The issuance is part of a broader debt-fundraising plan to diversify funding sources, establish an institutional capital-raising platform and support asset-liability management. It accompanies a transition from legacy two-wheeler lending to secured retail finance focused on gold loans and MSME loan against property in semi-urban and rural markets.

Pending completion of role mapping on the Boweb Portal, existing officer assignments continue despite changes in office nomenclature or territorial jurisdiction. Officers must continue to perform tasks allocated before the revised jurisdictional allocation, including registration, refund, scrutiny, audit, enforcement, adjudication, appeals and related functions, until the portal mapping is updated.

Territorial jurisdiction under the Rajasthan Goods and Services Tax Act, 2017 is assigned to corresponding levels of proper officers exercising jurisdiction under the Rajasthan Value Added Tax framework. The assignment aligns GST officer jurisdiction with jurisdiction allocated under specified provisions of the RVAT Rules, 2025 and the RVAT Act, 2003. The revised arrangement replaces the earlier departmental assignment and takes effect from 15 August 2026.

Resolution-plan approval requires the prescribed compliance certification, creditor approval, provision for insolvency-resolution costs and stakeholder payments, and arrangements for management, implementation and supervision. Eligibility of the resolution applicant, feasibility and viability of the plan, and compliance with resolution-plan requirements and applicable law are necessary conditions. Where provision is made for disputed statutory claims, they are addressed under the plan; claims excluded from an approved plan stand extinguished. A plan meeting these conditions becomes binding on the corporate debtor and stakeholders covered by it.

GST jurisdiction is determined by the date on which statutory power is invoked. Proceedings validly undertaken by the officer having jurisdiction at that time remain valid after taxpayer migration. The transferee jurisdictional authority must take over pending matters from their existing stage, implement prior valid action, and conduct all further and consequential proceedings. The transferor authority cannot initiate action after migration and must communicate subsequently noticed matters to the transferee authority.

Reorganized field formations commence regular functioning after system mapping of newly created Zones, Circles and Wards, corresponding officers and territorial jurisdictions. Officers must immediately undertake statutory, administrative and other duties in their newly assigned jurisdictions. Additional Commissioners responsible for administration, BAW, enforcement wing and appeals must ensure a smooth transition and uninterrupted disposal of work.

Section 258(1)(b) of the Income-tax Act, 2025 authorises the Central Government to specify the Secretary, ITE&C, Government of Andhra Pradesh, as the official for sharing information concerning income-tax payers. Such information sharing is connected with identifying persons eligible for the various welfare schemes implemented by the Government of Andhra Pradesh.

Revocation of cancellation of registration applications filed beyond 60 days but within 90 days from service of the cancellation order are governed by the extended revocation procedure. The prescribed standard operating procedure applies mutatis mutandis. Special Commissioner-I is responsible for Zones 1 to 6 and Special Commissioner-II for Zones 7 to 12. All other conditions governing revocation of cancellation of registration remain unchanged.

Emerging financial technologies should be evaluated by the financial need they address rather than by novelty alone. Their benefits depend on inclusive design choices such as interoperability, common standards and accessibility. Prudence requires safeguards against risks arising from automation speed, concentration in technology dependencies and opacity in advanced models. Institutions remain accountable for customer fairness and risk management despite algorithmic decision-making or third-party technology provision. Policy should apply proportionate governance, validation, oversight and intervention requirements, while allowing controlled experimentation and adaptive supervision to support responsible innovation.

Input tax credit time limits under Section 16(4) for reverse-charge supplies received from unregistered persons are addressed for Delhi GST purposes by the corresponding central GST clarification. The clarification is adopted mutatis mutandis for application under the Delhi Goods and Services Tax framework. The position is clarificatory in nature.

Rupee depreciation against the US dollar was linked to Brent crude prices exceeding USD 100, persistent dollar demand and concern over India's import bill. India's substantial dependence on crude imports makes sustained oil-price increases a source of pressure on the import bill, current account and rupee. FCNR-related dollar inflows have largely faded, while movement above the 95 USD/INR level generated additional dollar demand and was viewed as technically significant.