This document is the 314th issue of Tax Connect, a publication offering insights into tax and regulatory updates. It covers key developments including GST council meeting discussions, new rules for provident fund interest taxation, and extensions for various Income Tax filings. Additionally, it details amendments in GST rules, RBI's master directions on prepaid payment instruments, customs exchange rates, and import policy changes for aircraft. This issue is particularly useful for tax professionals, businesses, and individuals needing to stay informed about recent compliance requirements.