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    TDS Registration Advisory for Dealers in Scrap and Other Notified Goods
    Advisory on the Revised Process for Approval of Registration Cancellation application under Form GST REG-16
    Advisory on Simplified Registration Scheme under Rule 14B of the CGST Rules, 2017
    Advisory on Important Changes in FORM GST REG-01 for GST Registration
    Gross and Net GST revenue collections for the month of October, 2026
    Commerce Secretary Shri Rajesh Agrawal holds high-level meetings with European Commission officials and industry representatives in Brussels
    CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments Holdings B.V.
    CCI approves acquisition of the equity share capital of IntelliSmart Infrastructure (Target) by Adani Energy Solutions Ltd. (Acquirer)
    CCI approves merger of Sapphire Foods India with and into Devyani International and related transactions
    CCI approves acquisition of 100% of the issued share capital of Solenergi Power (Target) by Aditya Birla Renewables Ltd (Acquirer)
    CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcomin...
    CBN Madhya Pradesh Unit conducts three major anti-drug operations; seizes 2,774.650 kg of poppy straw and five vehicles; arrests four persons
    MCA only performs administrative role in the conduct of appointment process for Judicial and Technical Members of the NCLT
    Commerce and Industry Shri Piyush Goyal Chairs Chintan Shivir on Digitisation of Trade
    19th India–BLEU Joint Economic Commission Session Held in Luxembourg to Strengthen Trade and Economic Cooperation
    The Government of India Constitutes the ‘High Level Committee on Banking for Viksit Bharat’
    UPI Acceptance Enabled for Online Bookings at At the Top, Burj Khalifa and Resorts World Sentosa
    Monthly review of accounts of Government of India upto September 2026 (FY 2026-27)
    DRI deals major blow to Myanmar-linked drug smuggling network; seizes huge consignment of 50 kg methamphetamine tablets and crystal meth in North-East...
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November 2, 2026
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TDS registration for notified scrap and used cooking oil requires dealers to specify their business category in the application.
Additional notified goods include used cooking oil under heading 1518, plastic waste and scrap under heading 3915, tyre waste and scrap under heading 4004, and electrical and electronics waste and scrap under heading 8549. For TDS registration, taxpayers engaged in these goods categories must select "Others" under "Constitution of Business" in Part B of Table 2 of Form GST REG-07. They must specify the relevant dealer category in the text box that appears, complete the remaining details and submit the application.
November 2, 2026
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GST registration self-cancellation requires timely returns and links electronic approval to taxpayer category and output tax liability.
Before submitting Form GST REG-16, taxpayers must file all applicable returns due on or before the proposed effective cancellation date. Returns required up to the effective date but not yet due place the application in the "Pending for Returns Filing" stage and must be filed by their respective due dates. For regular, casual and SEZ taxpayers, electronic cancellation applies if output tax liability is no more than Rs. 2.5 lakh in each tax period. If liability exceeds that threshold in any period, Form GSTR-10, where applicable, must be filed within three days of the due date of the returns identified at the pending-returns stage, or within three days of application submission if that stage does not apply.
November 2, 2026
Show AI Summary
Simplified GST registration allows eligible e-commerce suppliers to use operator warehouses in other jurisdictions, subject to prescribed consent.
Simplified GST registration under Rule 14B enables eligible suppliers selling goods through e-commerce operators that collect tax at source to use approved operator warehouse addresses as principal or additional places of business. The applicant must have no physical presence or active regular registration in the target State or Union territory, which cannot be an Other Territory jurisdiction. Monthly output tax liability on supplies to registered persons must not exceed Rs. 2.5 lakh, and the new registration may be used only for e-commerce supplies.
November 2, 2026
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GST registration applications require constitution-specific documents, premises disclosures, bank details and successful validation of applicable identification numbers.
GST registration applications in FORM GST REG-01 require applicants to identify their business constitution, with One Person Company available as a separate category, and provide applicable supporting evidence such as incorporation certificates, partnership deeds or registration certificates. Bank account details must be furnished with the application wherever available, with up to 10 accounts reportable. If unavailable at application, they must be furnished within 30 days after issuance of the registration certificate in FORM GST REG-06. The application reference number is generated only after successful validation of the required information.
November 2, 2026
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GST revenue collections rose alongside domestic and import receipts, with refunds and integrated tax settlements reported separately.
GST revenue collections for October 2026 comprised gross domestic revenue of Rs. 1,59,044 crore and gross import revenue of Rs. 72,246 crore. Total gross GST revenue was Rs. 2,31,290 crore, an increase of 22.9% over October 2025. Refunds for October 2026 totalled Rs. 27,934 crore, comprising domestic refunds of Rs. 14,007 crore and export IGST refunds through ICEGATE of Rs. 13,927 crore. Net GST revenue was Rs. 2,03,356 crore, up 25.6% from October 2025; this included net domestic revenue of Rs. 1,45,037 crore and net customs revenue of Rs. 58,319 crore.
November 2, 2026
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Trade facilitation and market access discussions address customs cooperation, supply-chain resilience, and diamond certification and traceability requirements.
India-EU trade facilitation and market access discussions addressed two-way trade, supply-chain resilience and opportunities for businesses. Both sides reaffirmed their commitment to a fair, balanced and mutually beneficial agreement and agreed to remain engaged on outstanding procedural and implementation issues. Preparations for implementing the India-EU free trade agreement included discussion of customs cooperation and the importance of efficient, transparent and digitally enabled customs procedures in reducing transaction costs and supporting the movement of legitimate trade. Engagement with diamond industry stakeholders addressed certification and traceability requirements, responsible sourcing and opportunities in India's diamond market and manufacturing ecosystem.
November 2, 2026
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Shareholding acquisition approval covers MIH Payments Holdings' investment in Navi Limited, the holding company of a mobile financial services group.
Competition law approval has been granted by the Competition Commission of India for the acquisition of a shareholding in Navi Limited by MIH Payments Holdings B.V. The acquirer is an indirect wholly owned subsidiary of Prosus N.V. It does not itself undertake any business activity other than holding investments in its portfolio companies, which have business activities in India. Navi Limited is the holding company of the Navi Group, which offers financial services through a single consumer-facing mobile application.
November 2, 2026
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Competition approval covers Adani Energy Solutions' acquisition of IntelliSmart, both active in advanced electricity metering infrastructure.
Competition Commission of India approval covers the acquisition by Adani Energy Solutions Limited of 100% of the equity share capital of IntelliSmart Infrastructure Private Limited. The sellers in the transaction are National Investment and Infrastructure Fund and Energy Efficiency Services Limited. Adani Energy Solutions Limited is primarily engaged in electricity transmission and distribution and in the deployment of advanced metering infrastructure for electricity in India. IntelliSmart Infrastructure Private Limited is also involved in advanced metering infrastructure for electricity in India and deploys certain smart gas meters in India.
November 2, 2026
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Competition approval covers the merger of KFC and Pizza Hut franchise operators Sapphire Foods India and Devyani International.
Competition Commission of India approval covers the proposed combination involving the merger of Sapphire Foods India Limited with and into Devyani International Limited, together with certain related transactions. Both companies operate KFC and Pizza Hut franchise outlets in India. Devyani is also the exclusive franchisee in India for Costa Coffee, New York Fries and Sanook Kitchen.
November 2, 2026
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Renewable energy acquisition receives competition approval for the transfer of Solenergi Power's entire issued share capital to Aditya Birla Renewables.
Competition Commission of India approval covers the proposed acquisition by Aditya Birla Renewables Limited (the acquirer) of 100% of the issued share capital of Solenergi Power Private Limited (the target). The acquisition is to be made from Shell Overseas Investment B.V., the seller in the proposed combination. Aditya Birla Renewables Limited, together with its subsidiaries, is engaged in power generation using renewable energy resources, specifically solar and wind, as well as captive engineering, procurement and construction (EPC) activities. Solenergi Power Private Limited is registered in Mauritius and operates exclusively as a holding company, without any other business activities.
November 2, 2026
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Competition clearance covers Vega SAS's proposed stake acquisition in Vodafone Group PLC, which provides telecommunications and digital services.
Competition clearance from the Competition Commission of India covers Vega SAS's proposed acquisition of 16.2% of Vodafone Group PLC's issued share capital. Vega SAS is a holding company and a wholly owned subsidiary of Maya SAS, a simplified joint-stock company incorporated in France. Vega SAS has no business presence or activity in India on its own; its relevant affiliates undertake business activities there. Vodafone Group PLC provides fixed and mobile services in Europe and Africa, with most revenue generated by core connectivity products and services. In India, Vodafone Group PLC is present through Vodafone Idea Limited.
November 2, 2026
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Tax devolution through an additional advance instalment aims to support capital spending and development and welfare expenditure.
Tax devolution of Rs. 1,09,019 crore was released by the Union Government to State Governments on 31 October 2026 as an additional advance instalment, in addition to regular monthly devolution. It is the second additional instalment in the financial year. The release is intended, in view of the upcoming festive season, to enable States to accelerate capital spending and finance development and welfare expenditure.
November 2, 2026
Show AI Summary
Poppy straw trafficking enforcement includes intelligence-led vehicle searches, seizures and arrests, with a consignment concealed beneath cover cargo.
Illicit poppy straw trafficking enforcement by the Central Bureau of Narcotics' Madhya Pradesh Unit involved three intelligence-led operations under the Narcotic Drugs and Psychotropic Substances Act, 1985. Officers seized 2,774.650 kg of poppy straw and five vehicles and arrested four persons. Officers recovered 2,308 kg in 115 sacks concealed beneath 598 sacks of chana husk. During the night of 28-29 October, officers intercepted a pickup truck bearing a suspected false registration number and a Bolero car at Ishaqpur, Mandsaur. Searches recovered 416.560 kg of poppy straw in 22 bags, including 17 bags from the pickup and five from the car. On 28 October, a car and motorcycle were intercepted on the Fatehgarh-Nayakheda-Pipliya Mandi route. Intelligence indicated that the motorcycle was piloting the car, from which officers recovered 50.090 kg of poppy straw in two bags. Investigations are continuing in all three cases.
October 31, 2026
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Administrative role in Tribunal Member appointments remains distinct from the Tribunal's independent authority over staff appointment and management.
The Ministry of Corporate Affairs performs an administrative role in conducting appointments of Judicial and Technical Members of the National Company Law Tribunal. The Tribunal independently appoints and manages its officers and staff, including Deputy Registrars, Court Officers, Stenographers, Office Assistants and Multi-Tasking Staff. Delegated personnel responsibility supports the Tribunal's effective and independent functioning.
October 31, 2026
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Digital procurement infrastructure supports kirana ordering and supply-chain efficiency while preserving distributor relationships and expanding digital participation.
ONDC DigiDukaan enables kirana retailers to operate as digital buyers through a single interface for discovering and ordering products across multiple brands, distributors and wholesalers, with visibility of pricing, trade schemes and availability. It is intended to reinforce existing distributor relationships while creating a shared digital foundation for logistics, formal credit and related services. Priority areas include a common retailer identity, shared logistics and micro-warehousing, transaction-linked financing, simplified technology integration and commercial incentive alignment for sustained digital ordering.
October 31, 2026
Show AI Summary
Trade facilitation and investment partnerships support market access and sectoral collaboration across logistics, clean energy, digital technologies, and healthcare.
Trade and investment cooperation focused on enhancing trade and investment flows, addressing market-related concerns, facilitating market access, and expanding business engagement and investment partnerships. Priority sectors included logistics, renewable energy and clean technology, financial services and FinTech, digital transformation and ICT, healthcare and life sciences, Ayurveda and traditional medicine, and agro-food processing.
October 31, 2026
Show AI Summary
Banking-sector reform establishes a high-level committee to develop reforms for globally competitive, inclusive and resilient banking.
High Level Committee on Banking for Viksit Bharat is constituted to review India's banking sector and recommend structural, institutional, regulatory and legislative reforms supporting globally competitive, financially inclusive and resilient banking. Its remit includes prudential norms, banking regulation, capital requirements, cost of capital, AI and digital innovation, cyber-risk safeguards, workforce capacity, Priority Sector Lending and the Lead Bank Scheme. The Committee will also consider reforms affecting Regional Rural Banks, Cooperative Banks, Development Financial Institutions and Non-Banking Financial Companies.
October 31, 2026
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Cross-border UPI acceptance enables Indian travellers to make online bookings at international attractions using familiar payment applications.
Cross-border UPI acceptance enables Indian travellers to make online experience bookings at At the Top, Burj Khalifa and Resorts World Sentosa using preferred UPI applications. The UAE integration involves NPCI International Payments Limited, NEOPAY and Emaar Entertainment, while the Singapore arrangement with FOMO Pay extends acceptance to Resorts World Sentosa attractions. These e-commerce facilities build on QR-based merchant payment arrangements and support seamless cross-border digital transactions for advance travel planning.
October 31, 2026
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Monthly fiscal account reporting records consolidated receipts, expenditure, tax devolution, interest payments, and major subsidies through September.
Consolidated monthly accounts through September 2026 record total receipts of Rs.18,35,422 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.6,99,409 crore. Total expenditure stands at Rs.25,49,835 crore, with Rs.18,95,288 crore on revenue account and Rs.6,54,547 crore on capital account. Revenue expenditure includes interest payments of Rs.6,46,010 crore and major subsidies of Rs.2,22,905 crore.
October 31, 2026
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Cross-border narcotics trafficking: intelligence-led operations seized methamphetamine concealed in furniture and tea packets, with arrests and vehicle seizures.
Intelligence-based interceptions resulted in the seizure of methamphetamine tablets concealed in an office table within a vehicle and crystal methamphetamine hidden above a truck cabin in tea packets carrying foreign markings. Four persons were arrested under the Narcotic Drugs and Psychotropic Substances Act, 1985, and three vehicles were seized. Preliminary investigation linked the drugs to cross-border smuggling from Myanmar.

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GOP says it's winning shutdown, some fear Trump's cuts may change that

October 4, 2025

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Washington, Oct 4 (AP) President Donald Trump has embraced the federal shutdown as an “unprecedented opportunity” to slash spending and shrink government, but new rounds of targeted spending cuts from the White House aimed at Democratic states and priorities are raising concerns among Republicans that they may be at risk of ceding their political advantage.

Republicans in Congress believe they hold the upper hand in four-day-old stalemate, as Democrats voted against measures to keep the government open because they want to attach additional policy measures. But the sweeping cuts to home-state projects — and the threat of mass federal firings — have some in the GOP worried the White House may be going too far and potentially give Democrats a way out of their tight spot.

“This is certainly the most moral high ground Republicans have had in a moment like this that I can recall, and I just don't like squandering that political capital when you have that kind of high ground,” GOP Sen. Kevin Cramer of North Dakota told reporters this week.

As hopes faded Friday for a quick end to the shutdown — with Democrats holding firm in a key Senate vote — the White House signalled more layoffs and agency cuts could follow. Trump shared a video Thursday night portraying budget director Russ Vought as the grim reaper. The cuts are raising fresh questions about whether voters want a government that uses discretionary power to punish political opponents — and whether Republicans may face electoral consequences for the White House's actions.

“There's the political ramifications that could cause backlash,” Cramer said in another interview. “It makes everything going forward more difficult for us.” Since the shutdown began, Trump has moved to cancel USD 7.6 billion in clean energy grants across 16 states, all of which voted for Democrat Kamala Harris in last year's presidential election. On Friday, the administration announced an additional USD 2 billion cut, this time to a major public transit project in Chicago. Press secretary Karoline Leavitt said the administration is also reviewing funding to Portland, Oregon.

“He's just literally took out the map and pointed to all the blue states,” Oregon Sen. Ron Wyden, a Democrat, told The Associated Press.

Democrats have seized on the shutdown and cuts as evidence of Trump's overreach. There could be near-term fallout, including in next month's governor's races in New Jersey and Virginia. Democratic candidates in both states have linked their GOP opponents to Trump's policies and criticised them for not standing up to his latest moves.

In New Jersey, Democratic Rep. Mikie Sherrill blasted Republican Jack Ciattarelli over Trump's move to block funding for a long-delayed rail tunnel between New York and New Jersey, saying it will hurt commuters and put thousands of good-paying union jobs at risk.

“What's wrong with this guy?” Sherrill said Friday.

In Virginia, Democrat Abigail Spanberger noted the state already has been hit hard by job cuts made by Trump's Department of Government Efficiency. She said Republican Lt. Gov. Winsome Earle-Sears is “refusing to stand up for our workforce and our economy.” Earle-Sears said Democrats are to blame for the shutdown, and said Spanberger did nothing to encourage the state's Democratic senators to stop it.

The administration's targeting of blue states has already begun to ripple through states like California, where $1.2 billion in funding for the state's hydrogen hub was scrapped. Democratic Gov. Gavin Newsom said it threatens more than 200,000 jobs.

Though Harris won California handily in 2024, the state includes several competitive House districts that could decide control of the chamber in 2026. Similar districts exist in other states affected by the cuts, including New York and New Hampshire, which also has key gubernatorial and Senate races.

Democratic groups have moved quickly to tie local Republicans to the fallout. American Bridge 21st Century, a Democratic group, has highlighted swing-district Republicans in states where cuts have occurred, accusing them of having “sat by and let it happen.” “The cruelty that they might unleash on everyday Americans using the pretense of a shutdown is only going to backfire against them,” House Democratic Leader Hakeem Jeffries said in an interview with The Associated Press and other outlets at the Capitol.

The cuts are also complicating Senate negotiations, prolonging a shutdown that could leave thousands of federal workers without pay and halt key programs. Sen. Gary Peters, a Michigan Democrat whom Republicans have tried to sway, said “there's no question” the cuts have damaged talks.

“If you're trying to get people to come together and try to find common ground, that's the absolute wrong way to do it,” said Peters.

Sen. Angus King, a Maine independent, broke from Democrats earlier this week to support the GOP funding bill. He called the cuts “so utterly partisan as to be almost laughable.” “If they overreach, which is entirely possible, I think they're going to be in trouble with Republicans as well,” said King.

Many Senate Republicans have not endorsed Vought's approach directly, instead blaming Democrats for rejecting funding bills and opening the door to the White House's more aggressive moves.

“It's the reason why Republicans have continued to support a continuation,” said GOP Sen. Mike Rounds of South Dakota. “If you've noticed, Republicans have solidly supported this short-term continuing resolution because we do not want to see this.” “It's not like we promoted it," said Rounds. "We've done everything we can right now to try to avoid it.”(AP) RD RD

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