Absolute exemption from IGST on specified inter State supplies of goods, subject to packaging and interpretation rules.
The notification grants absolute IGST exemption for inter State supplies of goods enumerated in the Schedule, effective 22 September 2025, exempting the whole integrated tax under the IGST Act. It lists specific chapters, headings and tariff items (including agricultural produce, foodstuffs, seeds, feeds, select drugs in Annexure I and indigenous musical instruments in Annexure II) and sets conditions for applicability such as exclusions for "pre packaged and labelled" goods, form specific entries (fresh/chilled or other), and conditional exemptions for lottery supplies and government/grant based transfers; definitions and interpretation rules are provided.

Exemption of intra State supplies from central GST for goods specified in the notification Schedule, subject to defined conditions.
Exemption of intra State supplies of goods from the whole of central tax under section 9 is granted where those goods are described in the appended Schedule by tariff item, heading, sub heading or Chapter; the notification includes definitions for unit container and pre packaged and labelled, ties tariff terminology to the Customs Tariff First Schedule, defines Government entity by form and equity/control, and incorporates Annexure I (listed drugs) and Annexure II (listed indigenous handmade musical instruments).

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 for specified goods are revised from 22 September 2025 across multiple tax slabs.
Central Government notifies revised CGST rates for intra-State supplies of goods from 22 September 2025, superseding the earlier rate notification subject to prior things done or omitted. The schedules prescribe rates of 2.5%, 9%, 20%, 1.5%, 0.125%, 0.75% and 14% for specified goods, determined by the corresponding tariff item, sub-heading, heading or Chapter. The notification also defines unit container and pre-packaged and labelled, and applies the Customs Tariff interpretation rules.

IGST rate schedules for inter-State goods supplies revised with multiple slab rates and detailed tariff-linked classifications.
Integrated tax rates on inter-State supplies of goods are notified through a revised schedule structure, superseding the earlier integrated tax rate notification subject to saving of things done or omitted before supersession. The notification prescribes multiple rate slabs across appended schedules, including 5%, 18%, 40%, 3%, 0.25%, 1.50% and 28%, with each rate linked to specified tariff items, headings, sub-headings and goods descriptions. It also defines unit container and pre-packaged and labelled, adopts customs tariff interpretation rules, and states that it comes into force on 22 September 2025.

Union Territory tax rate schedules set varied GST slabs for intra-State goods supplies, with classification rules and packaging-based conditions.
Union Territory tax is notified on intra-State supplies of goods by reference to appended rate schedules, with rates of 2.5%, 9%, 20%, 1.5%, 0.125%, 0.75% and 14% applying to the goods described in the corresponding entries. The notification supersedes the earlier union territory tax rate notification, subject to things done or omitted before supersession, and operates from 22 September 2025. It also provides definitions for unit container and pre-packaged and labelled, and applies Customs Tariff interpretive rules for classification.

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.