Gorakhpur Industrial Development Authority tax exemption effective AY 2025-26 under section 10(46A), conditional on specified purposes.
Gorakhpur Industrial Development Authority is notified as an authority for the purposes of clause (46A) of section 10 of the Income-tax Act, with tax exemption on specified income effective from assessment year 2025-26, subject to the condition that the assessee continues to be constituted under the State industrial area development enactment and to have one or more purposes specified in sub-clause (a) of clause (46A); the notification includes a certification that retrospective effect does not adversely affect any person.

Kota Development Authority designated for tax exemption, effective AY2025 26, conditional on statutory constitution.
Notification designates Kota Development Authority (PAN: AAAJK2043D) as a notified authority under sub clause (b) of clause (46A) of section 10 of the Income tax Act, 1961, making specified income eligible for exemption. The designation takes effect from assessment year 2025 26, conditional on the Authority remaining constituted under the Kota Development Authority Act, 2023 and having one or more purposes in sub clause (a) of clause (46A). The explanatory memorandum notes retrospective effect to the year of application and that no person is adversely affected.

Guarantees regulation requires RBI permission and quarterly GRN reporting for resident involvement in guarantees with non-residents.
The regulations prohibit residents from being party to guarantees involving non-residents except with RBI permission or as provided; define key roles and scope; specify exemptions for AD branches, IFSC operations, IPCs for FPIs, and overseas investment guarantees; permit residents to act as surety or principal debtor subject to transaction permissibility and Borrowing and Lending eligibility with limited exceptions; allow resident creditors to obtain guarantees subject to non-prohibition of the underlying transaction; and impose quarterly reporting via a prescribed GRN with a late submission fee formula for delays.

Mussoorie Dehradun Development Authority granted tax exemption on specified income, effective subject to continued qualification and retrospective effect.
Central Government notifies tax exemption for Mussoorie Dehradun Development Authority as an authority under clause (46A) of section 10 of the Income tax Act, recognising its constitution under the Uttar Pradesh Urban Planning Development Act and regulation under the Uttarakhand amendment; the notification is effective from the assessment year 2024-25, conditional on the Authority continuing to meet the statutory purposes specified in sub clause (a) of clause (46A), with retrospective effect certified by the explanatory memorandum.

Joint Electricity Regulatory Commission granted income-tax exemption on specified income, effective AY 2024-25, conditional on continued status.
Central Government notifies the Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi) as an authority constituted under the Electricity Act for the purpose of income-tax exemption on specified income, effective from assessment year 2024-25, conditional on continuation as an authority and on serving one or more purposes specified in the income-exemption provision; retrospective effect to the year of application before the Board/Department is certified not to adversely affect any person.

GST amendments: tobacco products reclassified-biris at 9%, several tobacco items at 20%, 14% schedule omitted from Feb 1, 2026.
State GST schedules are amended to add biris to the 9% Schedule II; to add pan masala, unmanufactured tobacco, cigars and cigarettes, other manufactured tobacco (excluding the biris entry), and inhalation products to the 20% Schedule III; and to omit Schedule VII (14%). The changes are made under the Karnataka GST Act and take effect from 1 February 2026.

Retail sale price valuation mandated for specified tobacco and related packaged goods, using declared maximum retail sale price for GST valuation.
Amendment requires valuation of specified packaged goods by reference to the declared retail sale price on the package, treating the maximum of multiple printed prices, any altered increased price as operative, and area specific printed prices as applicable to supplies in those areas; it defines retail sale price to include all taxes and adopts First Schedule Customs Tariff interpretative rules for tariff classification, and sets a commencement date for the valuation rule.

Securities notification corrigendum corrects numbering of sub-regulations and schedule items in prior Gazette publication for clarity.
Corrigendum effects numbering corrections to a prior securities notification: Regulation 6's sub-regulation (3) is to be read as (2); Regulation 10's sub-regulation (5) is to be read as (4); Schedule I, Form A, Part I item 5 sub-items 5.8-5.10 are to be read as 5.5-5.7 respectively; and Schedule III, clause 31 sub-clauses d-f are to be read as a-c.

Tobacco and nicotine products: valuation set at retail sale price minus applicable tax under new Tripura SGST rule.
Tripura inserts Rule 31D deeming the value of supply for specified tobacco and nicotine products to be the declared retail sale price on packaged goods less the amount of tax, with the tax component calculated by: (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions clarify "applicable tax" and "retail sale price," including rules for multiple, altered, or area-specific declared prices. Rule 86B is amended to exempt registered persons other than manufacturers for these goods where the supplier has paid tax on the retail sale price.

GST valuation: retail sale price declared for pan masala and tobacco products applies to packaged supplies.
Valuation for supplies of specified packaged goods-pan masala; unmanufactured tobacco and tobacco refuse; cigars, cigarettes and other manufactured tobacco products; and products containing tobacco or nicotine for non-combustion inhalation-shall be the declared retail sale price on the package (the maximum price inclusive of all taxes). Multiple or area-specific declared prices are resolved by taking the maximum or the area-specific price respectively, and Customs Tariff First Schedule interpretation rules apply.

Tripura GST rates updated: biris at 9%, pan masala and tobacco items at 20%; 14% schedule removed effective February.
The notification inserts HSN entries for biris into Schedule II at 9%, adds multiple tobacco and pan masala entries into Schedule III at 20%, and omits Schedule VII imposing 14%. These schedule amendments alter applicable state GST rates for the specified goods and take effect on the 1st day of February, 2026.

Pension fund Inbar Holding RSC Limited specified for tax exemption on eligible Indian investments subject to conditions.
Inbar Holding RSC Limited is specified as a specified person under clause (23FE) of section 10 for eligible investments in India until 31 March 2030, subject to conditions: file timely returns for relevant years; quarterly disclosure in Form No.10BBB; annual Form No.10BBC certification by an accountant; maintain segmented accounts for exempt investments; remain regulated under Abu Dhabi or UAE law; administer or invest assets solely to meet statutory obligations and defined contributions for retirement/social security plans; restrict earnings and assets to beneficiaries or permitted creditor repayments; prohibit borrowings for making investments in India; and avoid day-to-day participation in investees while retaining monitoring rights. Violation causes ineligibility for the exemption.

Protected systems declaration for customs digital platforms limits access to authorised personnel under the Information Technology Act framework.
Computer resources relating to the ICEGATE Portal, ECCS, ACES-GST portal, their interconnected systems, databases and associated dependencies are declared protected systems as Critical Information Infrastructure under the Information Technology Act, 2000. Access is limited to specified categories of persons, including designated employees, need-based contractual service providers or third-party vendors, and consultants, regulators, Government officials, auditors and stakeholders, each authorised in writing on a case-to-case basis.

Occupational Safety and Health Code powers delegated to Administrators/Lieutenant Governors of specified union territories under presidential control.
The Administrator or Lieutenant Governor of specified Union Territories shall exercise the powers and discharge the functions of the appropriate Government under the Occupational Safety, Health and Working Conditions Code, 2020 for areas where those territories function as the appropriate Government; the delegation is made under article 239(1), is subject to the control of the President, continues until further orders, and supersedes earlier notifications to the extent inconsistent.

Delegation of industrial relations powers to union territory administrators under national code, subject to presidential control.
Delegation authorises the Administrators and Lieutenant Governors of specified Union Territories to exercise the powers and discharge the functions of the appropriate Government under the Industrial Relations Code, 2020, subject to the control of the President and until further orders, and supersedes earlier specified notifications except as to prior actions.

Liquidation process: liquidators must file prescribed forms and enclosures on the Board's electronic platform within set timelines.
Amendment requires liquidators to file prescribed Forms and enclosures on the Board's electronic platform within stipulated timelines, substituting clause (1) of regulation 47B to make electronic submission mandatory and time-bound for the liquidation process.

Anti-dumping duty on Flexible Slabstock Polyol imports remains in force until 17 June 2026 unless revoked.
The Central Government has inserted a paragraph in the principal notification to provide that the anti-dumping duty on Flexible Slabstock Polyol of molecular weight 3000-4000 originating in or exported from Saudi Arabia and the United Arab Emirates shall remain in force up to and inclusive of 17 June 2026, unless revoked, superseded or amended earlier.

Kerala GST rules: electronic registration for low-liability taxpayers with mandatory Aadhaar authentication and specified withdrawal process.
The rules provide for electronic grant of registration via the common portal within three working days based on data analysis and risk parameters. A new option under rule 14A permits registration for persons whose monthly output tax liability to registered persons does not exceed two lakh fifty thousand rupees, conditional on Aadhaar authentication and prohibition on duplicate registrations for the same PAN; withdrawal from this option requires FORM GST REG-32, specified return-filing and verification, and may be barred during pending cancellation proceedings.

GST amendment expands nominated agencies authorised to supply precious metals to exporters by referencing Lists 13-15 of Customs notification.
The notification substitutes the Explanation's clause (c) to define "Nominated Agency" as entities in Lists 13, 14 and 15 appended to Table 1 of Notification No.45/2025 Customs, thereby expanding agencies eligible under the earlier GST exemption for supply of gold/silver/platinum to exporters; the substitution is deemed effective from 1 November 2025.