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        <title>Tax Updates - Daily Update</title>
        <link>https://www.taxtmi.com</link>
        <description>One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India</description>
        <category>Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services</category>
        <copyright>TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved.</copyright>
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        <ttl>60</ttl>
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<title>Extending facility of creating standing instructions for Systematic Withdrawal Plan (SWP)/ Systematic Transfer Plan (STP) for Mutual Fund units held in demat form</title>
<link>https://www.taxtmi.com/circulars?id=70471</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Standing instructions for SWP and STP are extended to mutual fund units held in demat form. The facility will be introduced in two phases: unit-based mandates for periodic redemption of a fixed number of units, followed by amount-based mandates for fixed periodic payouts or investments. Depositories, as nodal facilitators, must publish a standard operational framework, make necessary regulatory and system changes, and implement both phases within the prescribed timelines. The framework takes effect immediately.]]></description>
<category>TaxLaws</category>
<category>Circulars</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special Rupee Vostro Accounts (SRVAs)</title>
<link>https://www.taxtmi.com/circulars?id=70472</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70472</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Special Rupee Vostro Accounts provide an additional Indian-rupee arrangement for settling cross-border export and import transactions and permissible FEMA current-account and capital-account transactions. Authorised Dealer Category-I banks may open SRVAs for overseas branches or banks resident outside India and may open dedicated additional current accounts for exporters or importers. SRVAs may receive inward remittances, transfers from repatriable rupee accounts and proceeds of permissible transactions. Documentation and reporting remain governed by extant FEMA requirements, while debt investments from SRVA balances are subject to applicable non-resident investment directions.]]></description>
<category>FEMA</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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<title>Insertion of Para 2.50A in Handbook of Procedure, 2023</title>
<link>https://www.taxtmi.com/circulars?id=70462</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Imports produced wholly or partly through forced labour may be examined under Para 2.50A of the Handbook of Procedures, 2023. The DGFT may initiate an enquiry on its own motion or on credible information or a complaint, seek documents and clarifications from relevant persons, consult stakeholders, and obtain technical inputs from domestic or international bodies. Following the enquiry, the DGFT must prepare findings and may recommend action to the Central Government, including import prohibition under the foreign trade regulatory framework.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Testing of samples of Export Consignments</title>
<link>https://www.taxtmi.com/circulars?id=70461</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70461</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Export-consignment test reports obtained voluntarily from NABL-accredited laboratories, laboratories recognised by Export Promotion Councils, or other recognised agencies may be considered for destination-country compliance. Where an eligible report is submitted and no risk-based intervention or intelligence applies, the proper officer need not mandatorily send the sample to the Central Revenue Control Laboratory. Existing sampling and testing procedures continue where risk or intelligence is involved, while import-consignment testing procedures remain unchanged.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Functioning of Goods  Services Tax Appellate Tribunal (GSTAT), Vijayawada Bench, Andhra Pradesh from its new premises</title>
<link>https://www.taxtmi.com/circulars?id=70457</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70457</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Goods and Services Tax Appellate Tribunal, Vijayawada Bench, including its Helpdesk, will commence functioning from its new premises at First Floor, Block II, Industrial Park, PVS Landmark, Mangalagiri, Guntur, from 1 July 2026. Taxpayers, departmental authorities, authorised representatives and other concerned stakeholders are informed of the change in the Bench's operational location.]]></description>
<category>GST</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Commencement of Hearing of Cases before the Bengaluru Bench of the Goods and Services Tax Appellate Tribunal (GSTAT)</title>
<link>https://www.taxtmi.com/circulars?id=70456</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70456</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Hearings before the Bengaluru Bench of the Goods and Services Tax Appellate Tribunal are notified to commence from 5 August 2026 at its temporary NACIN Campus premises in Jalahalli, Bengaluru. Matters will be listed in three categories across designated court halls under the prescribed weekly hearing schedule. Daily cause lists will be available on the GSTAT e-Filing Portal under the "Cause List" tab, and stakeholders are requested to check the portal regularly for listing updates.]]></description>
<category>GST</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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<title>Functioning of the Goods and Services Tax Appellate Tribunal, State Bench, Dehradun</title>
<link>https://www.taxtmi.com/circulars?id=70455</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70455</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Goods and Services Tax Appellate Tribunal State Bench at Dehradun hears appeals from orders of the Appellate Authority or Revisional Authority under the applicable goods and services tax laws throughout Uttarakhand. Appeals must comply with the Goods and Services Tax Appellate Tribunal (Procedures) Rules, 2025, applicable statutory requirements and administrative directions. E-filing guidance, procedural materials and technical support are available through the tribunal portal.]]></description>
<category>GST</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Clarifications on Interest Subvention Support for Pre- and Post- Shipment Export Credit under Export Promotion Mission (EPM) - Niryat Protsahan</title>
<link>https://www.taxtmi.com/circulars?id=70454</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70454</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Interest subvention claims under EPM require UINs to correspond to the relevant export-credit facility and financial year. The FY 2025-26 relaxation permits additional claims for eligible credit disbursed on or after 2 January 2026 where UIN was generated by 31 May 2026. For FY 2026-27 onwards, UIN generation is required within 15 days of original disbursal. Running pre-shipment credit outstanding into a subsequent year requires a fresh or revised UIN for subvention accruing in that year. Past additional claims must be separately filed online with the required external auditor's certificate.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Advisory for token generation for filing appeal before the GST Appellate Tribunal (GSTAT) under Section 112 of the CGST Act 2017</title>
<link>https://www.taxtmi.com/circulars?id=70444</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[A token generated on or before the applicable appeal-filing deadline records an appellant's intent to file before the GST Appellate Tribunal and is treated as sufficient compliance with that deadline. The appeal must be completed within 60 days from token generation, failing which the token lapses. Separate tokens are required for each appeal. The mechanism addresses filing difficulties on the e-filing portal, subject to verification and applicable provisions, and incomplete or inaccurate token details may render the token void.]]></description>
<category>GST</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Launch of Global Outreach for Branding, Labelling and Export Packaging under Export Promotion Mission (EPM) - Niryat Disha</title>
<link>https://www.taxtmi.com/circulars?id=70453</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The initiative establishes a Unified Brand India Framework to support international branding, labelling, packaging and promotion of Indian goods and services. Eligible Indian-incorporated government entities, Export Promotion Councils, Commodity Boards, industry associations, export clusters and district export hubs may seek assistance for campaigns, digital promotion, trade-fair participation, packaging adaptation, exporter toolkits and sector-specific branding. Projects require online proposals, measurable objectives, cost and implementation details, and are evaluated for innovation, scalability, market alignment, institutional capacity and export impact. Funding is released in instalments against milestones, utilisation certificates and verified progress. Recipients must maintain audited records, avoid duplicate funding, undertake overseas due diligence, comply with procurement and host-country requirements, and meet reporting and sustainability obligations.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Electronic filing and Issuance of Preferential Certificate of Origin (CoO) under India-UK Comprehensive Economic and Trade Agreement (CETA) with effect from July 15, 2026</title>
<link>https://www.taxtmi.com/circulars?id=70451</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Preferential Certificates of Origin for exports to the United Kingdom under the India-UK Comprehensive Economic and Trade Agreement will be filed and issued through the Trade Connect ePlatform from July 15, 2026. Certificates may be obtained by self-declaration or through an authorised agency. Self-declaration requires a valid DSC-linked IEC profile, an uploaded scanned signature, and generation using the linked DSC, producing electronic and physical digitally signed copies with QR codes. Agency-issued certificates are generated after approval and bear the issuing officer's signature image and agency stamp. Certificate genuineness may be verified online using the Certificate of Origin number.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Implementation of self-certification of Origin Declarations under the India-United Kingdom Comprehensive Economic and Trade Agreement (India-UK CETA)</title>
<link>https://www.taxtmi.com/circulars?id=70447</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The framework permits United Kingdom exporters or producers to self-certify origin through an Origin Declaration for preferential tariff claims in India. Before claiming preference, the declaration must be sent to the designated CBIC email address and the Indian importer's ICEGATE-registered email address. Authentication confirms the declaration's genuineness but does not independently establish originating status. Successful authentication generates a Unique Reference Number, which must be quoted in the relevant Bill of Entry. The declaration is valid for twelve months and generally covers one shipment, with specified use for related ex-bond clearances of warehoused goods. Declarations completed and authenticated after commencement may support claims for eligible goods already in transit or under customs control.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Amendments under Para 2.92 and Appendix-2A of Handbook of Procedure 2023 for inclusion of TRQs under India – Oman Comprehensive Economic Partnership Agreement (CEPA)</title>
<link>https://www.taxtmi.com/circulars?id=70446</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[TRQ applications for specified imports under the India-Oman CEPA must be filed online through the DGFT Import Management System with the prescribed fee. Importers must produce an Oman-issued Certificate of Origin at clearance, and the applicable import year runs from 1 April to 31 March. Authorisations identify the importer, Importer-Exporter Code, customs notification, tariff item, quantity and validity period. They are issued electronically, transmitted to the Indian Customs Electronic Data Interchange System, and may be used only after electronic debit of the authorised quantity. Validity is limited to 12 months or the end of the financial year, whichever is earlier.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendments under Para 2.92 and Appendix-2A of Handbook of Procedure 2023 for inclusion of TRQs under India — United Kingdom Comprehensive Economic and Trade Agreement (CETA)</title>
<link>https://www.taxtmi.com/circulars?id=70430</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70430</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[TRQ provisions cover specified UK-origin completely built passenger cars and goods vehicles under the India-UK CETA, with category-specific quotas, tariff rates and tariff classifications. Applications must be filed online by eligible manufacturers, authorised dealers or channel partners, supported by manufacturer-issued pre-purchase agreements. Allocation is based on requested quantities where demand is within the quota and proportionately where demand exceeds availability; under-utilisation may affect subsequent allocations. DGFT electronically issues and monitors authorisations, which are debited through the Indian Customs EDI System and remain valid for up to twelve months or the calendar year-end, whichever is earlier.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Discontinuation of submission of manual documents/statements in respect of containers imported under Notification No. 104/94-Customs dated 16.03.1994 by the Shipping Lines</title>
<link>https://www.taxtmi.com/circulars?id=70437</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Manual submission of container-wise documents and statements by shipping lines for containers imported under Notification No. 104/94-Customs is discontinued. Monitoring will instead rely on electronic reports generated by DG Systems for containers not re-exported within six months, to be published on the ICEGATE portal for action by shipping lines and Customs officers. Shipping lines, NVOCCs, steamer agents and authorised agents must continue to execute the bond without surety, while field formations and port operators are to integrate electronic gate systems and maintain movement records electronically.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Automation of Imports for Special Economic Zone (SEZ) through the courier mode.</title>
<link>https://www.taxtmi.com/circulars?id=70409</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70409</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Automation of Special Economic Zone import consignments through the courier mode is introduced through an integrated ECCS-ICEGATE-ICES workflow. The arrangement covers courier movement from arrival at the International Courier Terminal to processing and onward movement to the SEZ, with ECCS handling operational processing and ICEGATE-ICES facilitating declaration and transmission of shipment data. Specific responsibilities are assigned to airlines, couriers, customs officers, the SEZ unit, and the custodian for manifest filing, package validation, X-ray, goods registration, out-of-charge formalities, Bill of Entry filing, and exit scan capture.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Implementation / Pan-India Rollout of Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018</title>
<link>https://www.taxtmi.com/circulars?id=70392</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70392</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pan-India rollout of the Sea Cargo Manifest and Transhipment Regulations, 2018 is to take effect from 30.06.2026, with no further extension envisaged, and stakeholders are directed to shift fully to the SCMTR framework. Supplementary IGM/EGM filing is disabled at Nhava Sheva Port from that date, while amendments to Bills of Lading are to follow the SCMTR message-based process before Sea Entry Inwards and officer-based processing after Sea Entry Inwards. Stakeholders must ensure registration, system readiness, API connectivity, accurate electronic declarations and compliance with SCMTR timelines.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Designation of Central Public Information Officers (CPIO) and First Appellate Authorities (FAA) under the Right to Information (RTI) Act, 2005 in the Office of the Principal Commissioner of Customs (Airport  ACC)</title>
<link>https://www.taxtmi.com/circulars?id=70408</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70408</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Designation of Central Public Information Officers and First Appellate Authorities under the Right to Information Act, 2005 in the Office of the Principal Commissioner of Customs (Airport  ACC). The notice assigns specified officers as CPIOs and FAAs for defined jurisdictions set out in Annexure-A, and provides that link officers will act as the respective CPIO or FAA during leave or absence. It also states that appeals may be filed before the designated First Appellate Authority under the RTI Act.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Intraday borrowing facility availed by mutual funds</title>
<link>https://www.taxtmi.com/circulars?id=70434</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70434</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Intraday borrowings by mutual funds are permitted to address liquidity mismatches arising from differences in market settlement timings, subject to specified conditions. The facility may be used for unitholder pay-outs, scheme investments, MTM obligations, foreign exchange settlements, and repayment of existing borrowings, with borrowing limited to expected receivables and additional borrowing permitted only for redemption and other unitholder pay-outs within the regulatory framework. AMCs must ensure end-of-day repayment, maintain scheme-wise records, obtain board and trustee approval of a policy, and bear the cost of borrowing and related losses.]]></description>
<category>TaxLaws</category>
<category>Circulars</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Facilitation of storage of imported goods under Section 49 of the Customs Act, 1962 and streamlining of issuance of detention/demurrage waiver certificates</title>
<link>https://www.taxtmi.com/circulars?id=70433</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70433</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Facilitation is prescribed for the early use of Section 49 of the Customs Act, 1962 where imported goods are delayed due to investigation, examination, testing, verification, approval by Participating Government Agencies, issuance of NOCs, or other Customs or statutory processes. Requests under Section 49 are to be processed expeditiously, with consultation where necessary, and reasons for refusal must be recorded in writing and communicated. The notice also streamlines detention and demurrage waiver certificates, requiring verification of facts and records and specification of the relevant detention period and process status.]]></description>
<category>Customs</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>CBDT Authorization for Reporting under Automatic Exchange of Information in the Annual Information Statement in Form 26AS under Income Tax Act, 1961</title>
<link>https://www.taxtmi.com/circulars?id=70432</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Authority is conferred on the Director General of Income-tax (Systems), Delhi to upload in the Annual Information Statement in Form No. 26AS information received under the Automatic Exchange of Information framework under agreements referred to in sections 90 and 90A of the Income-tax Act, 1961. The authorization covers specified periods and requires the Director General to specify the procedures, formats and standards for uploading the information in Form No. 26AS.]]></description>
<category>Income Tax</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Extension of time for filing Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder</title>
<link>https://www.taxtmi.com/circulars?id=70431</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70431</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The filing timelines for electronic PGIRP forms used to monitor insolvency resolution processes for personal guarantors to corporate debtors are extended. The last date for submission of all applicable forms is moved to 30 September 2026, and penalties for delayed submission or modification will apply only after that date. Insolvency professionals must ensure that information furnished in the forms is accurate, truthful, complete, and consistent with supporting documents.]]></description>
<category>TaxLaws</category>
<category>Circulars</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Extension of Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) up to 31st August 2026</title>
<link>https://www.taxtmi.com/circulars?id=70424</link>
<guid isPermaLink="true">https://www.taxtmi.com/circulars?id=70424</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The validity of the Companies Compliance Facilitation Scheme, 2026 is extended to 31 August 2026, giving companies additional time to complete pending statutory filings. The extension is linked to ongoing data centre capacity enhancement and restoration work following a fire incident on 5 June 2026, and has been approved by the competent authority.]]></description>
<category>Corporate Laws</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Clarification regarding jurisdiction in cases involving migration/transfer of taxable persons from one jurisdiction to another jurisdiction</title>
<link>https://www.taxtmi.com/circulars?id=70418</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Jurisdiction in GST proceedings involving migration or transfer of a taxable person is determined with reference to the date on which the statutory power is invoked. A valid action taken by the transferor jurisdictional officer remains valid after migration, and the transferee officer must take over subsequent stages, implement earlier valid actions, and conclude pending proceedings. The transferor officer cannot initiate fresh action after migration and must communicate any issue noticed to the transferee officer for further action, including consequential proceedings and appeals.]]></description>
<category>GST</category>
<category>Circulars</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Review of norms for utilization of interest or income from IPF of the Depositories</title>
<link>https://www.taxtmi.com/circulars?id=70415</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The norms for utilisation of interest or income from the Investor Protection Fund of depositories are revised to bring uniformity and consistency. At least 95% of annual interest or income from IPF investments must be ploughed back to the IPF corpus, while up to 5% may be used for IPF Trust employee costs and other administrative or statutory expenses. Any excess expense is to be borne by the depository, and any unutilised amount must be returned to the IPF.]]></description>
<category>TaxLaws</category>
<category>Circulars</category>
<category>TaxTMI</category>
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<item>
<title>TMI Updates - Newsletter dated: July 19, 2026</title>
<link>https://www.taxtmi.com/newsletter?id=07/19/2026</link>
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<description><![CDATA[Newsletter for tax updates and legal information]]></description>
<category>Daily Updates</category>
<category>Tax</category>
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