Absolute IGST exemption for specified inter-State goods replaces earlier exemption framework, subject to product classification and packaging conditions.
Inter-State supplies of goods matching the specified Customs tariff classification and description are exempt from the whole of integrated tax. The exemption replaces the earlier 2017 exemption framework without affecting acts done or omitted before supersession. It applies across listed agricultural produce, food items, medicines, public-interest goods and specified transaction-based supplies, subject to entry-specific product, packaging, classification and transaction conditions.

Central tax exemption for specified intra-State goods applies subject to tariff classification, packaging exclusions, and conditional supply requirements.
Full central tax exemption applies to intra-State supplies of goods identified by the corresponding tariff classification and description in the Schedule. The exemption covers specified agricultural produce, food and dairy products, seeds, medicines, educational and cultural goods, essential articles and listed special supplies, subject to entry-specific qualifications. Many entries exclude goods that are pre-packaged and labelled, while lottery supplies, grant-funded supplies by Government entities, and auctioned official gifts require stated conditions. Classification follows Customs Tariff interpretative rules. The exemption takes effect from 22 September 2025, with psyllium seeds added from 1 November 2026.

Intra-State goods taxation is restructured through tariff-based schedules prescribing differentiated State tax treatment for specified product categories.
State tax rates on intra-State supplies of goods are re-notified through seven schedules classified by Customs Tariff entries and corresponding descriptions. The schedules prescribe distinct rates for specified goods, including lower-rate agricultural, food, medical, renewable-energy and assistive goods; general industrial and manufactured goods; higher-rate beverages, specified vehicles and actionable claims; precious metals, jewellery, diamonds and stones; and tobacco-related products. Classification remains subject to product descriptions, exclusions, packaging requirements, valuation rules, sale-value limits and use-based conditions. Customs Tariff interpretative rules apply, and undefined expressions follow GST enactments.

CGST rate schedules classify intra-State goods by tariff description, including revised treatment of tobacco and specified actionable claims.
CGST rate schedules levy central tax on intra-State supplies according to tariff classification and corresponding goods descriptions. Schedule I covers specified agricultural, food, medical, renewable-energy and other goods at 2.5%, while Schedule II applies 9% to listed goods and functions as the residual category for goods not allocated elsewhere. Schedule III applies 20% to selected beverages, vehicles, tobacco products and specified actionable claims. Separate concessional schedules cover precious metals, diamonds and gemstones. Classification follows Customs Tariff interpretation rules, and packaging, valuation and recipient-liability conditions govern specified entries.

IGST rate schedules classify inter-State goods supplies, applying differentiated rates through tariff-based schedules and specified product conditions.
Integrated tax on inter-State supplies of goods is assigned through tariff-based schedules with rates of 5%, 18%, 40%, 3%, 0.25% and 1.50% for specified classifications. The 18% schedule operates as the general category for goods not allocated elsewhere, subject to express exclusions. The 40% schedule covers specified sweetened and carbonated beverages, certain motor vehicles, high-capacity motorcycles, personal aircraft, pleasure vessels, specified actionable claims and, following later changes, identified tobacco and nicotine products. Precious metals, jewellery, diamonds and precious stones receive separately specified rates.

UTGST rate schedules classify intra-State goods across tariff-based categories, packaging conditions, residual coverage, and special treatment for premium goods.
Union territory tax on intra-State supplies of goods is classified through tariff-based schedules at prescribed rates. Schedule I covers specified agricultural, food, medical, renewable-energy, disability-support and other listed goods, often subject to packaging, value, use or exclusion conditions. Schedule II applies to extensive industrial and manufactured goods and residual goods not assigned to the other schedules. Schedule III covers specified beverages, vehicles, tobacco-related products and actionable claims, while separate concessional schedules apply to precious metals, diamonds and stones. Customs Tariff interpretative rules govern classification, and defined packaging conditions determine eligibility for relevant entries.

GST compensation cess: rates on specified goods set to nil, removing cess liability for the listed entries.
The Central Government amends Notification No. 1/2017-Compensation Cess (Rate) by substituting the entry "Nil" in column (4) of the Schedule against multiple specified serial numbers, thereby replacing the listed compensation cess rate entries with "Nil." The notification records its commencement date and cites the principal notification and its most recent prior amendment.

Registered persons with aggregate turnover up to two crore rupees are exempt from filing the annual GST return for 2024-25 onwards.
Exempts registered persons from filing the annual GST return for the financial year 2024-25 onwards where the registered person's aggregate turnover in the financial year does not exceed two crore rupees, issued by the Commissioner under the first proviso to section 44(1) of the Jammu and Kashmir GST Act, 2017 on Council recommendation.

Tariff value fixation for specified edible oils, brass scrap, areca nut, gold and silver sets customs valuation consequences.
Central Board of Indirect Taxes & Customs, under sub section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal non tariff notification to fix tariff values for specified imported goods-setting USD per metric tonne values for edible oils, brass scrap and areca nut, and unit USD values for specified forms of gold and silver-with descriptive entries and explanatory clarifications for covered categories.

Tax exemption under section 10(46A) granted to Tamil Nadu Electricity Regulatory Commission, effective from assessment year 2024-25.
Notification designates Tamil Nadu Electricity Regulatory Commission as eligible for income exemption under section 10(46A) of the Income-tax Act, effective assessment year 2024-25, subject to the continuing condition that the commission remains constituted under the Electricity Act, 2003 and pursues one or more of the qualifying purposes set out in the relevant sub-clause; the explanatory memorandum certifies no adverse effect from retrospective application.

Tax exemption on specified income granted to a state urban development authority, effective from the stated assessment year.
Notification grants a tax exemption for specified income to Ghaziabad Development Authority, recognised as an authority under the Uttar Pradesh Urban Planning and Development Act, 1973, effective from assessment year 2024-2025, conditional on continuity of its statutory authority status and retention of one or more of the specified purposes set out in the enabling clause; explanatory memorandum certifies no person is adversely affected by retrospective effect.

Provisional assessment time-limits and submission rules govern enquiry, finalisation, extensions and recovery under customs procedure.
Finalisation of provisional customs assessment prescribes that where duty is provisionally assessed for want of documents or information the proper officer must specify required items within fifteen days and the importer or exporter must furnish them within two months subject to recorded extensions; enquiries must be completed and transferred within a mandated period and the proper officer must finalise assessment within a prescribed timeframe after receipt of documents or conclusion of enquiry, with supervisory extensions and an overall outer limit; suspension applies where specified legal or appellate processes operate.

SEZ membership change: substitution of two Visakhapatnam SEZ authority members under statutory amendment.
The Central Government, invoking sub-section (1) read with sub-section (5) of Section 31 of the Special Economic Zones Act, 2005, amends notification S.O. 3143(E) dated 10th July, 2023 to substitute the entries at serial numbers five and six with two newly named managing directors and their corporate affiliations for inclusion in the Visakhapatnam Special Economic Zone Authority.

Inland Container Depot designation expanded to include Dalpatpur Moradabad, permitting unloading of imports and loading of exports.
An amendment to Notification No. 12/97-Customs (N.T.) inserts Dalpatpur, Moradabad into the Table for Uttar Pradesh as a designated Inland Container Depot authorised for the unloading of imported goods and the loading of export goods, effected under powers of section 7 of the Customs Act, 1962.

Exchange recognition renewed under Securities Contracts (Regulation) Act, subject to compliance with conditions prescribed by the regulator.
Renewal of recognition granted to Metropolitan Stock Exchange of India Limited under section 4 of the Securities Contracts (Regulation) Act, 1956 for the period commencing 16 September 2025 and ending 15 September 2026 in respect of contracts in securities, subject to conditions as may be prescribed or imposed by the Securities and Exchange Board of India and to compliance with conditions under the Act.

Co-investment rules require shelf placement memoranda and accredited investor-only participation for AIF co-investment schemes.
The regulations create a regulated co-investment regime for Category I and II AIFs by defining co-investment and co-investment scheme, requiring a shelf placement memorandum filed through a merchant banker prior to offering co-investment opportunities, restricting eligibility to accredited investors, limiting each co-investment scheme to a single investee company, prohibiting investment in AIF units, aligning co-investor exit timing with the AIF scheme's exit, and disapplying certain regulatory requirements for co-investment schemes as specified.

Dematerialisation requirement: specified securities must be dematerialised before filing the draft offer document under amended disclosure rules.
Amendments expand definitions to include accredited investors and clarify entities eligible for offers and the Social Stock Exchange, impose mandatory dematerialisation of specified securities held by promoters, promoter group, selling shareholders, directors, key managerial personnel, senior management, qualified institutional buyers, employees, special rights shareholders and entities regulated by financial sector regulators prior to filing a draft offer document, broaden classes of sellers in specified provisos to include alternative investment funds and certain institutional holders, refine Social Stock Exchange registration and Social Impact Assessment Organization criteria, and revise Schedule VII disclosure and placement document requirements including capitalisation, financial information and litigation materiality.

Employees' Service Amendment expands senior posts, sets IT Director qualifications and adjusts promotion versus deputation composition.
The amendment inserts "Executive Director (Information Technology)" and renames "Executive Director (Law)" to "Executive Director (Law/Litigation)", limits deputation/contract appointments to not more than three posts with remaining posts to be filled from internal candidates through promotion, and provides that promotions will be from relevant streams.

Promoter-identified employee share benefits: allowed to continue holding and exercising pre-existing awards subject to regulatory compliance.
Employees identified as promoters or part of the promoter group in a draft IPO offer document who received options, SARs or other scheme benefits at least one year before filing may continue to hold and exercise those awards in accordance with their original terms, subject to these regulations and other applicable laws. The amendment takes effect on publication in the Official Gazette and is issued under SEBI's statutory powers and related company law provisions.

Dematerialisation requirement mandates issuance in demat form and tightens Social Stock Exchange disclosure and impact reporting obligations.
The amendments require issuance of securities under Schemes of Arrangement and securities sub division, split or consolidation only in dematerialised form, with a separate demat account for investors lacking demat accounts. They substitute and clarify Social Stock Exchange disclosure timelines: Not for Profit Organizations must make annual financial disclosures by October 31 or the income tax return due date, and non financial disclosures within sixty days of year end. Impact reporting terminology is revised, annual impact reports must cover a substantial portion of prior programme expenditure, Social Enterprises without fund raising may self certify impact reports, and registration continuity for Not for Profit Organizations is conditioned on having at least one listed project after an initial grace period.