Net worth requirement increase for custodians mandates higher capitalization and separate compliance from capital adequacy rules.
Amendments raise the custodian net worth requirement to a new minimum of seventy-five crore rupees, require that net worth be maintained separately and independently of any capital adequacy requirements for each activity, and provide a three year transition for existing registrants. They add a proviso allowing custodians to render financial services subject to Board conditions, introduce Reg. 19B imposing obligations on governance, risk management, infrastructure, and winding down frameworks, and expand the Third Schedule with detailed conduct, compliance and client protection duties.

Kerala GST notification amended to set 9% rate for specified table entry, effective 22 September 2025.
The notification amends the State GST notification G.O.(P) No.64/2017/Taxes by substituting the entry in the Table at S.No. 1, column (4) with 9%, under the Kerala State Goods and Services Tax Act, 2017; the amendment is issued as S.R.O. No. 1073/2025 and comes into force on 22 September 2025.

Notification reference substitution to Schedule II or Schedule III alters applicability under state GST law following Council recommendation.
Amendment substitutes the prior cross-reference in an earlier GST notification with a reference to Schedule II or Schedule III of a later notification, thereby changing which schedule governs the specified entries; the change is made under the State GST statutory power on the recommendation of the Council and includes a prescribed commencement date for the substituted reference.

Concessional GST rates for specified handicraft and artisanal goods take effect on 22 September 2025.
The notification substitutes the prior tariff Table to prescribe concessional GST rates for specified artisanal and handicraft goods, listing detailed tariff classifications and descriptions (handcrafted candles; wood, stone, ceramic, metal, textile and paper artware; jewellery and imitation jewellery; lamps; furniture; toys; paintings and sculptures), predominantly at 2.5% and certain jewellery items at 1.5%, effective 22 September 2025.

State tax rate notification for specified construction materials; intra-state levy prescribed, effective later this month.
Notification prescribes a special State tax rate of 6 per cent on specified construction materials for intra-state supply, identifying taxable items by tariff headings (fly ash bricks and aggregates; bricks of fossil meals or similar siliceous earths; building bricks; earthen or roofing tiles). The notification applies the First Schedule to the Customs Tariff Act for interpretation and adopts definitions from the Kerala SGST and Integrated GST Acts; it specifies an operative commencement date and records that the rate follows the GST Council recommendation.

Individual and family insurance exemptions expand, while electronic commerce operator local delivery services are excluded from specified transport treatment.
Specified individual and family life insurance and health insurance services supplied by an insurer to an insured person who is not a group are exempt from Kerala GST, together with reinsurance of those services. The amendment defines group to cover qualifying employer-employee and non-employer-employee groups formed for purposes other than obtaining insurance, and defines health insurance business to include sickness, medical, surgical, hospital, travel, and personal accident benefits. Electronic commerce operators providing or facilitating local delivery services are excluded from the relevant goods transport agency treatment. The amendments take effect from 22 September 2025.

Local delivery services exclusion amended; suppliers via electronic commerce operators liable for registration may lose the exemption.
The notification inserts clause (v) excluding services by way of local delivery, except where the supplier provides such services through an electronic commerce operator and is liable for registration under sub section (1) of section 22 of the Kerala State Goods and Services Tax Act, 2017.

Corrigendum to UTGST Rate notification corrects misnumbered clause identifiers to restore proper sequencing and references.
Corrigendum corrects the Union Territory Tax (Rate) notification by replacing a series of misnumbered parenthetical clause identifiers on the cited Gazette page with the correct sequential identifiers, restoring proper clause sequencing and internal cross-references; it is an official Gazette erratum and does not change substantive tax rates.

IGST rate correction adjusts the notified rate and amends schedule item numbering in the cited notification.
The corrigendum to the IGST notification replaces the rate at page 42, line 12 with the corrected rate and renumbers schedule items on page 47, lines 2-12 from (xi)-(xx) to (i)-(x), effecting textual and structural corrections to the published Gazette entry.

Correction of enumeration in Union Territory GST notification adjusts sequential item lettering to clarify specified item references in the text.
Corrigendum to the Union Territory Tax (Rate) Notification No. 9/2025 makes targeted textual corrections to the enumeration on page 106 by replacing each listed alphabetic marker with the preceding letter (e.g., "b." to "a.", "c." to "b.", through "i." to "h.").

Corrigendum to IGST rate notification corrects sequential sub-item lettering, realigning clause identifiers for administrative accuracy.
The corrigendum to the IGST rate notification amends sequential lettered identifiers in the original text: replacing "b." with "a.", "c." with "b.", "d." with "c.", "e." with "d.", "f." with "e.", "g." with "f.", "h." with "g.", and "i." with "h.", thereby realigning clause labels on the cited pages and lines.

Corrigendum to tax notification correcting sequential lettered references to ensure accurate clause labeling in the rate schedule.
Corrigendum to Notification No. 9/2025 - Central Tax (Rate) corrects lettered references on page 88, replacing b. with a., c. with b., d. with c., e. with d., f. with e., g. with f., h. with g., and i. with h., confined to typographical labeling within the published rate notification.

Puducherry restricts provisional GST refunds for registered persons lacking Aadhaar authentication or dealing in specified goods.
Notification bars provisional refunds under section 54(6) to registered persons who have not completed Aadhaar authentication under the Puducherry GST Rules and to persons supplying areca nuts, pan masala, tobacco and tobacco substitutes, and essential oils as identified by specified Chapter/heading/sub heading/tariff items; terms are to be interpreted with reference to the First Schedule to the Customs Tariff Act and the restriction takes effect from 1 October 2025.

Local delivery services through electronic commerce operators receive specified GST treatment, except where the supplier is liable for registration.
Local delivery services supplied through electronic commerce operators are added to the services specified under section 9(5) of the Madhya Pradesh Goods and Services Tax Act, 2017. The added category excludes supplies where the person supplying local delivery services through the operator is liable for registration under section 22(1). The amended treatment takes effect from 22 September 2025.

GST rate entry amendment substitutes the prescribed rate and takes effect from its stipulated commencement date.
The State Government, acting under section 11 of the Madhya Pradesh Goods and Services Tax Act, 2017 on Council recommendations, amends the Table at serial number 1. The entry in column (4) is substituted with "9%". The amendment retains the existing serial number and table location and comes into force on 22 September 2025.

Handicraft GST rate schedule: listed goods carry specified rates, while silver filigree and handmade imitation jewellery receive separate treatment.
The State GST rate schedule for specified handicraft goods is revised by substituting the complete tariff-based table under section 11(1). The table assigns a 2.5% rate to most listed handcrafted and handmade goods, including articles of wood, paper, natural fibres, textiles, stone, clay, glass, base metals, furniture, toys, paintings and sculptures. Silver filigree work and handmade imitation jewellery are separately assigned a 1.5% rate. The revised schedule applies from 22 September 2025.

State tax on specified construction materials is fixed for intra-State supplies, with tariff classifications governing product coverage.
State tax at 6 per cent applies to intra-State supplies of fly ash bricks, aggregates and blocks; specified bricks; building bricks; and earthen or roofing tiles within designated Customs Tariff classifications. Classification follows the First Schedule to the Customs Tariff Act and associated interpretative rules, notes and explanatory notes. Undefined expressions retain their GST enactment meanings. The rate applies from 22 September 2025.

Local delivery services get a GST exemption carve-out, except when supplied through e-commerce operators by registrable persons.
The Uttarakhand GST exemption notification is amended to insert a new category for services by way of local delivery, except where such services are supplied through an electronic commerce operator by a person who is liable for registration under the Uttarakhand Goods and Services Tax Act, 2017. The amendment takes effect from 22 September 2025.

GST exemption changes for local delivery services and non-group insurance cover reshape Uttarakhand SGST treatment of specified supplies.
Amends the Uttarakhand SGST exemption notification by excluding local delivery services provided by an electronic commerce operator from the relevant goods transport entry, and by inserting exemption entries for life insurance and health insurance services supplied to non-group insured persons, including individual and family contracts, together with reinsurance of those services. The notification also revises the definition of goods transport agency and inserts definitions of group and health insurance business for the purposes of the insurance exemptions. The amendments take effect from 22 September 2025.

GST rate amendments reshape transport, delivery, job work and service classifications with updated credit conditions and definitions.
The Uttarakhand State GST notification amends the rate schedule for specified services under the existing framework, revising tax rates and conditions for transport, delivery, job work, professional services, sporting events, beauty and physical well-being services, and other miscellaneous services. Several entries are substituted, omitted, or reclassified, and concessional rates are made subject to conditions such as non-availment of input tax credit. The notification also updates definitions of goods transport agency, recognised sporting event, handicraft goods, mode of transport, and multimodal transporter, and clarifies the meaning of premises for hotel accommodation services.