The CBDT has modified rules for inoperative PANs, providing relief from higher TDS/TCS rates for certain periods if PANs become operative by specified deadlines. Previously, unlinked PANs (due to non-Aadhaar linkage) led to severe tax consequences. Circular No. 9/2025 clarifies that normal rates apply if PANs are linked within the new timelines, reducing "short-deduction/collection" demands.

Latest CGST Sec 16(4) amendments offer ITC relief, clarify RCM rules & enable rectification of past claims.