Tax Updates - Daily Update

Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Sun, 04 Oct 2026 05:41:32 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 ITC on Telecommunication Towers Under GST - Excluded From "Plant And Machinery", But Are They Immovable? Part II (Concluding Part) - From Bharti Airtel to GST: When Does the ITC Restriction Apply? https://www.taxtmi.com/article/detailed?id=17168 https://www.taxtmi.com/article/detailed?id=17168 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Advisory on “Multistate Registration” Facility for GST Registration https://www.taxtmi.com/news?id=75040 https://www.taxtmi.com/news?id=75040 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions (Survey period: October–December 2026) https://www.taxtmi.com/news?id=75039 https://www.taxtmi.com/news?id=75039 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI CRIT and IIFT Organise Three-Day Orientation Course on Trade Negotiations https://www.taxtmi.com/news?id=75038 https://www.taxtmi.com/news?id=75038 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Union Minister of Commerce and Industry Shri Piyush Goyal Participates in Opening Day of G20 Trade Ministers’ Meeting in Milwauke, U.S https://www.taxtmi.com/news?id=75037 https://www.taxtmi.com/news?id=75037 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery climate and contributed to ease of doing business: Harsh Malhotra, MoS, Corporate Affairs Ministry https://www.taxtmi.com/news?id=75036 https://www.taxtmi.com/news?id=75036 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Central Bureau of Narcotics, DNC office, conducts drug abuse and addiction awareness campaign under Operation Jagriti in Lucknow https://www.taxtmi.com/news?id=75035 https://www.taxtmi.com/news?id=75035 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI RETROSPECTIVE AMENDMENT: THE CONSTITUTIONAL AND ECONOMIC HAZARD https://www.taxtmi.com/article/detailed?id=17172 https://www.taxtmi.com/article/detailed?id=17172 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Requirement of import permit for non-insecticidal use of insecticides https://www.taxtmi.com/circulars?id=71525 https://www.taxtmi.com/circulars?id=71525 Sun, 04 Oct 2026 05:41:32 +0530 Customs Circulars TaxLaws TaxTMI Revised composition of the Sub-Committee on Trade Finance under the Niryat Protsahan sub-scheme of the Export Promotion Mission (EPM) https://www.taxtmi.com/circulars?id=71524 https://www.taxtmi.com/circulars?id=71524 Sun, 04 Oct 2026 05:41:32 +0530 Customs Circulars TaxLaws TaxTMI Non-Resident Deposits - Comprehensive Single Return (NRD-CSR)(R012): Submission under CIMS Sankalan Portal https://www.taxtmi.com/circulars?id=71523 https://www.taxtmi.com/circulars?id=71523 Sun, 04 Oct 2026 05:41:32 +0530 FEMA Circulars TaxLaws TaxTMI Online submission of Form A2: Removal of limits on amount of remittance https://www.taxtmi.com/circulars?id=71522 https://www.taxtmi.com/circulars?id=71522 Sun, 04 Oct 2026 05:41:32 +0530 FEMA Circulars TaxLaws TaxTMI Commerce and Industry Minister Piyush Goyal Calls for WTO-Compliant Approach to Correcting Global Trade Distortions at the Concluding Day of G20 Trade Ministers’ Meeting in Milwaukee, U.S. https://www.taxtmi.com/news?id=75034 https://www.taxtmi.com/news?id=75034 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI APEDA Facilitates Export of Bihar’s Makhana from Purnea to Greece https://www.taxtmi.com/news?id=75033 https://www.taxtmi.com/news?id=75033 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada https://www.taxtmi.com/news?id=75032 https://www.taxtmi.com/news?id=75032 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Government Extends Operational Timelines of RELIEF (Resilience Logistics Intervention for Export Facilitation) Intervention to Support Exporters Amid West Asia Logistics Disruptions https://www.taxtmi.com/news?id=75031 https://www.taxtmi.com/news?id=75031 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Government Extends Remission of Duties and Taxes on Exported Products ( RoDTEP) Scheme upto 31st December 2026 https://www.taxtmi.com/news?id=75030 https://www.taxtmi.com/news?id=75030 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI DRI cracks down on illegal wildlife trafficking; elephant ivory, leopard skin, live pangolins and tiger parts seized; 11 persons arrested https://www.taxtmi.com/news?id=75029 https://www.taxtmi.com/news?id=75029 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI DRI busts two-way gold-diamond smuggling syndicate at Mumbai airport https://www.taxtmi.com/news?id=75028 https://www.taxtmi.com/news?id=75028 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI CBN Madhya Pradesh Unit destroys over 10.84 tonnes of seized narcotic drugs and deposits 154.375 kg of seized opium at GOAW, Neemuch https://www.taxtmi.com/news?id=75027 https://www.taxtmi.com/news?id=75027 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI CBN Rajasthan Unit seizes 1.080 kg hydroponic weed (ganja) concealed in international parcel from Thailand https://www.taxtmi.com/news?id=75026 https://www.taxtmi.com/news?id=75026 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI CBN Madhya Pradesh Unit seizes 4.240 kg opium; one person arrested https://www.taxtmi.com/news?id=75025 https://www.taxtmi.com/news?id=75025 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Delhi HC extends Section 14 Limitation benefit for claiming construction ITC of past period post Safari Retreats https://www.taxtmi.com/article/detailed?id=17514 https://www.taxtmi.com/article/detailed?id=17514 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI RECENT TRIBUNAL REFORMS IN INDIA https://www.taxtmi.com/article/detailed?id=17513 https://www.taxtmi.com/article/detailed?id=17513 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Change now, otherwise you will be forced to change. https://www.taxtmi.com/article/detailed?id=17512 https://www.taxtmi.com/article/detailed?id=17512 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI CLEARANCE OF IMPORTED GOODS AGAINST A POST-FACTO IMPORT AUTHORISATION: A LEGAL ANALYSIS https://www.taxtmi.com/article/detailed?id=17511 https://www.taxtmi.com/article/detailed?id=17511 Sun, 04 Oct 2026 05:41:32 +0530 Customs Articles TaxLaws TaxTMI No AMP Adjustment Once TNMM Accepted, Rules ITAT Delhi https://www.taxtmi.com/article/detailed?id=17510 https://www.taxtmi.com/article/detailed?id=17510 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Articles TaxLaws TaxTMI WHEN AN EXPIRED E-WAY BILL MEETS A DIFFERENT VEHICLE: THE TECHNICAL-LAPSE DEFENCE BREAKS DOWN https://www.taxtmi.com/article/detailed?id=17509 https://www.taxtmi.com/article/detailed?id=17509 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI DGFT Revises PSIC Issuance Timeline and Grants One-Time Relaxation for Backlog Certificates https://www.taxtmi.com/article/detailed?id=17508 https://www.taxtmi.com/article/detailed?id=17508 Sun, 04 Oct 2026 05:41:32 +0530 Customs Articles TaxLaws TaxTMI NO FURTHER PRE-DEPOSIT WHEN THE EARLIER DEPOSIT EXCEEDS THE REDUCED DEMAND https://www.taxtmi.com/article/detailed?id=17507 https://www.taxtmi.com/article/detailed?id=17507 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI DGFT Exempts Low-Value Export Consignments up to Rs. 3 Lakh from RCMC Requirement https://www.taxtmi.com/article/detailed?id=17506 https://www.taxtmi.com/article/detailed?id=17506 Sun, 04 Oct 2026 05:41:32 +0530 Customs Articles TaxLaws TaxTMI GST refund withholding under Section 54(11) remains available during anti-evasion proceedings without a separate judicial stay. https://www.taxtmi.com/highlights?id=104496 https://www.taxtmi.com/highlights?id=104496 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Resolution-plan extinguishment bars unfiled GST dues and permits writ review despite a statutory appellate remedy. https://www.taxtmi.com/highlights?id=104495 https://www.taxtmi.com/highlights?id=104495 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Section 74 fraud allegations must be particularised; an ITC mismatch alone cannot sustain a notice for wrongful credit. https://www.taxtmi.com/highlights?id=104494 https://www.taxtmi.com/highlights?id=104494 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Bail in CGST prosecution: completed investigation and documentary evidence supported release subject to safeguards against trial interference. https://www.taxtmi.com/highlights?id=104493 https://www.taxtmi.com/highlights?id=104493 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Statutory GST appeals remain the appropriate remedy where exemption claims lack substantiation during adjudication proceedings. https://www.taxtmi.com/highlights?id=104492 https://www.taxtmi.com/highlights?id=104492 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Ex parte GST assessment permits fresh adjudication subject to reply and disputed-tax pre-deposit despite expired appellate limitation. https://www.taxtmi.com/highlights?id=104491 https://www.taxtmi.com/highlights?id=104491 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Input tax credit blocking requires use of the prescribed unblocking remedy before writ relief, especially after demand proceedings. https://www.taxtmi.com/highlights?id=104490 https://www.taxtmi.com/highlights?id=104490 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Input tax credit on unpaid consideration attracts interest despite later financial credit-note settlement and retained credit entitlement. https://www.taxtmi.com/highlights?id=104489 https://www.taxtmi.com/highlights?id=104489 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory penalty. https://www.taxtmi.com/highlights?id=104488 https://www.taxtmi.com/highlights?id=104488 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Detention authority ends when transit ends; curable e-way bill omissions cannot justify penalties without tax-evasion intent. https://www.taxtmi.com/highlights?id=104487 https://www.taxtmi.com/highlights?id=104487 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Revised anti-profiteering methodology permits project-level ITC recalculation, requiring homebuyer refunds with interest while excluding retrospective penalties. https://www.taxtmi.com/highlights?id=104486 https://www.taxtmi.com/highlights?id=104486 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Technical transport-document discrepancies cannot justify tax penalties without reliable evidence of deliberate contravention and intent to evade tax. https://www.taxtmi.com/highlights?id=104485 https://www.taxtmi.com/highlights?id=104485 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI GSTR return mismatches require liability verification, with reasoned reconsideration where tax, interest, penalty, and credit issues remain unresolved. https://www.taxtmi.com/highlights?id=104484 https://www.taxtmi.com/highlights?id=104484 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Expired e-way bills alone do not establish tax-evasion intent, requiring independent evidence before GST penalties may be imposed. https://www.taxtmi.com/highlights?id=104483 https://www.taxtmi.com/highlights?id=104483 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Reassessment objections must be decided before scrutiny, and assessment notices cannot issue during the four-week challenge period. https://www.taxtmi.com/highlights?id=104482 https://www.taxtmi.com/highlights?id=104482 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee. https://www.taxtmi.com/highlights?id=104481 https://www.taxtmi.com/highlights?id=104481 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer-pricing comparability under TNMM permits turnover filtering and depreciation-adjusted cash profit indicators where functional differences materially affect margins. https://www.taxtmi.com/highlights?id=104480 https://www.taxtmi.com/highlights?id=104480 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required. https://www.taxtmi.com/highlights?id=104479 https://www.taxtmi.com/highlights?id=104479 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Prima facie limitation challenges and high-pitched reassessments can justify full recovery stays pending independent appellate determination. https://www.taxtmi.com/highlights?id=104478 https://www.taxtmi.com/highlights?id=104478 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Late reassessment returns remain valid where no statutory bar applies, requiring Section 143(2) notice before assessment. https://www.taxtmi.com/highlights?id=104477 https://www.taxtmi.com/highlights?id=104477 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Regional Rural Bank deeming fiction preserves co-operative deduction and limits revision of correct assessments under income-tax law. https://www.taxtmi.com/highlights?id=104476 https://www.taxtmi.com/highlights?id=104476 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Stock-in-trade valuation permits banks to value Government securities at cost or market value, protecting depreciation claims. https://www.taxtmi.com/highlights?id=104475 https://www.taxtmi.com/highlights?id=104475 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Source-based taxation of technical service fees requires withholding despite third-party foreign grant payments discharging contractual liability. https://www.taxtmi.com/highlights?id=104474 https://www.taxtmi.com/highlights?id=104474 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Independent penalty proceedings bar assessment revision solely for non-initiation of under-reporting penalties in completed assessments. https://www.taxtmi.com/highlights?id=104473 https://www.taxtmi.com/highlights?id=104473 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Personal-use motor cars are personal effects, so their sale cannot generate an allowable long-term capital loss. https://www.taxtmi.com/highlights?id=104472 https://www.taxtmi.com/highlights?id=104472 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Online gaming withholding applies only to qualifying game winnings, protecting promotional bonuses and unsupported prize-payment disallowances. https://www.taxtmi.com/highlights?id=104471 https://www.taxtmi.com/highlights?id=104471 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefit. https://www.taxtmi.com/highlights?id=104470 https://www.taxtmi.com/highlights?id=104470 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish commercial independence. https://www.taxtmi.com/highlights?id=104469 https://www.taxtmi.com/highlights?id=104469 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loans. https://www.taxtmi.com/highlights?id=104468 https://www.taxtmi.com/highlights?id=104468 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Affixture service of reassessment notices fails without due diligence, correct address verification, and local witness confirmation. https://www.taxtmi.com/highlights?id=104467 https://www.taxtmi.com/highlights?id=104467 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Immediate preventive suspension requires prompt action; unexplained departmental delay invalidates Customs Broker licence suspension orders. https://www.taxtmi.com/highlights?id=104466 https://www.taxtmi.com/highlights?id=104466 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Sentencing for customs misdeclaration of red sander exports follows the lower penalty where Section 123 coverage remains unproved. https://www.taxtmi.com/highlights?id=104465 https://www.taxtmi.com/highlights?id=104465 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Special Advance Authorisation imports retain duty exemption despite Minimum Import Price conditions for polyester knitted fabric imports. https://www.taxtmi.com/highlights?id=104464 https://www.taxtmi.com/highlights?id=104464 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Prospective customs notification amendments cannot block provisional release of specialised second-hand equipment shipped under earlier Bills of Lading. https://www.taxtmi.com/highlights?id=104463 https://www.taxtmi.com/highlights?id=104463 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Anti-dumping duty on castings does not extend to imported wind-turbine gear boxes as complete components. https://www.taxtmi.com/highlights?id=104462 https://www.taxtmi.com/highlights?id=104462 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Written Acceptance of Customs Reassessment Does Not Bar Challenges to Unsupported Valuation Enhancements under Statutory Valuation Safeguards https://www.taxtmi.com/highlights?id=104461 https://www.taxtmi.com/highlights?id=104461 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Specific tariff classification for LCD panels overrides vehicle-parts treatment, eliminating differential duty, interest, and penalties. https://www.taxtmi.com/highlights?id=104460 https://www.taxtmi.com/highlights?id=104460 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Embedded communication modules qualify as apparatus parts and may receive basic customs duty exemption outside excluded consumer devices. https://www.taxtmi.com/highlights?id=104459 https://www.taxtmi.com/highlights?id=104459 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require proof. https://www.taxtmi.com/highlights?id=104458 https://www.taxtmi.com/highlights?id=104458 Sun, 04 Oct 2026 05:41:32 +0530 Corporate Laws Highlights TaxLaws TaxTMI Fraudulent CIRP initiation permits recall, but a mature collective process may continue after stakeholder assessment. https://www.taxtmi.com/highlights?id=104457 https://www.taxtmi.com/highlights?id=104457 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Mandatory liquidation after CIRP expiry applies despite failed CoC liquidation vote, later expressions of interest, or MSME eligibility claims. https://www.taxtmi.com/highlights?id=104456 https://www.taxtmi.com/highlights?id=104456 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Further investigation under anti-money-laundering law may continue before charges are framed without prior Criminal Court permission. https://www.taxtmi.com/highlights?id=104455 https://www.taxtmi.com/highlights?id=104455 Sun, 04 Oct 2026 05:41:32 +0530 PMLA Highlights TaxLaws TaxTMI Appellate scrutiny of PMLA bail orders distinguishes invalid grant from cancellation based on subsequent conduct. https://www.taxtmi.com/highlights?id=104454 https://www.taxtmi.com/highlights?id=104454 Sun, 04 Oct 2026 05:41:32 +0530 PMLA Highlights TaxLaws TaxTMI PMLA attachment of mortgaged property turns on the secured creditor's due diligence and links to alleged crime. https://www.taxtmi.com/highlights?id=104453 https://www.taxtmi.com/highlights?id=104453 Sun, 04 Oct 2026 05:41:32 +0530 PMLA Highlights TaxLaws TaxTMI Government grants-in-aid lacking service quid pro quo fall outside service tax; recorded reverse-charge liabilities are time-barred. https://www.taxtmi.com/highlights?id=104452 https://www.taxtmi.com/highlights?id=104452 Sun, 04 Oct 2026 05:41:32 +0530 Service Tax Highlights TaxLaws TaxTMI Electronic evidence certification determines whether alleged clandestine removal data can support excise duty quantification and related penalties. https://www.taxtmi.com/highlights?id=104451 https://www.taxtmi.com/highlights?id=104451 Sun, 04 Oct 2026 05:41:32 +0530 Excise Highlights TaxLaws TaxTMI Third-Party Electronic Records Require Proven Authenticity and Independent Corroboration Before Supporting Clandestine Clearance Demands https://www.taxtmi.com/highlights?id=104450 https://www.taxtmi.com/highlights?id=104450 Sun, 04 Oct 2026 05:41:32 +0530 Excise Highlights TaxLaws TaxTMI Tariff classification distinguishes batter-coated namkeen from oil-fried salted peanuts, while allowing ISD credit and removing interpretational penalties. https://www.taxtmi.com/highlights?id=104449 https://www.taxtmi.com/highlights?id=104449 Sun, 04 Oct 2026 05:41:32 +0530 Excise Highlights TaxLaws TaxTMI Deemed service of a correctly addressed cheque dishonour demand notice satisfies the statutory requirement despite receipt by a family member. https://www.taxtmi.com/highlights?id=104448 https://www.taxtmi.com/highlights?id=104448 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Juridical seat versus arbitral venue determines supervisory court jurisdiction, while timely award challenges remain within the prescribed limitation period. https://www.taxtmi.com/highlights?id=104447 https://www.taxtmi.com/highlights?id=104447 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Judicial review of disciplinary complaint closures remains limited to legality, leaving plausible disciplinary findings undisturbed. https://www.taxtmi.com/highlights?id=104446 https://www.taxtmi.com/highlights?id=104446 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Minimum import price condition for Virgin Multi-layer Paper Board imports remains extended under existing terms. https://www.taxtmi.com/highlights?id=104510 https://www.taxtmi.com/highlights?id=104510 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI RoDTEP Scheme continuation preserves export duty remission eligibility and existing rates, caps, and conditions for eligible exporters. https://www.taxtmi.com/highlights?id=104509 https://www.taxtmi.com/highlights?id=104509 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Clearing corporation recognition renewed subject to ongoing regulatory conditions throughout the three-year recognition period. https://www.taxtmi.com/highlights?id=104508 https://www.taxtmi.com/highlights?id=104508 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Special additional excise duty on exported aviation turbine fuel is revised under the amended central excise rate framework. https://www.taxtmi.com/highlights?id=104507 https://www.taxtmi.com/highlights?id=104507 Sun, 04 Oct 2026 05:41:32 +0530 Excise Highlights TaxLaws TaxTMI Seeks to amend Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - rate of Special Additional Excise Duty on Aviation Turbine Fuel when cleared for exports https://www.taxtmi.com/notifications?id=147125 https://www.taxtmi.com/notifications?id=147125 Sun, 04 Oct 2026 05:41:32 +0530 Excise Notifications TaxLaws TaxTMI Customs tariff values for edible oils, brass scrap, gold, silver and areca nuts take effect prospectively. https://www.taxtmi.com/highlights?id=104506 https://www.taxtmi.com/highlights?id=104506 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Special additional excise duty on fuel exports is revised through a substituted rate with prospective effect. https://www.taxtmi.com/highlights?id=104505 https://www.taxtmi.com/highlights?id=104505 Sun, 04 Oct 2026 05:41:32 +0530 Excise Highlights TaxLaws TaxTMI Seeks to amend Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel https://www.taxtmi.com/notifications?id=147123 https://www.taxtmi.com/notifications?id=147123 Sun, 04 Oct 2026 05:41:32 +0530 Excise Notifications TaxLaws TaxTMI Revised wage ceiling extends pension scheme membership to eligible provident fund members previously outside the scheme. https://www.taxtmi.com/highlights?id=104504 https://www.taxtmi.com/highlights?id=104504 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI ESIC coverage expands across designated Madhya Pradesh districts, making employer-employee contributions payable and extending statutory insurance benefits. https://www.taxtmi.com/highlights?id=104503 https://www.taxtmi.com/highlights?id=104503 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Minimum import price for Sulfadiazine API continues, preserving existing CIF-based import conditions for a further prescribed period. https://www.taxtmi.com/highlights?id=104502 https://www.taxtmi.com/highlights?id=104502 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Research institution approval enables donation-linked tax treatment subject to SIRO status, annual reporting, donor certification, and rule compliance. https://www.taxtmi.com/highlights?id=104501 https://www.taxtmi.com/highlights?id=104501 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Scientific research institution approval enables donation-related tax treatment subject to ongoing SIRO status and annual reporting compliance. https://www.taxtmi.com/highlights?id=104500 https://www.taxtmi.com/highlights?id=104500 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Research institution approval grants tax-law recognition, subject to continuing SIRO status and annual donor-reporting compliance. https://www.taxtmi.com/highlights?id=104499 https://www.taxtmi.com/highlights?id=104499 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Raw sugar tariff-rate quota surrender deadline extended, with existing CIF-value payment condition and allocation terms unchanged. https://www.taxtmi.com/highlights?id=104498 https://www.taxtmi.com/highlights?id=104498 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Investor awareness messaging becomes mandatory on broker websites and trading apps, alongside risk disclosures under phased implementation. https://www.taxtmi.com/highlights?id=104497 https://www.taxtmi.com/highlights?id=104497 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Gross and Net GST revenue collections for the month of September, 2026 https://www.taxtmi.com/news?id=75024 https://www.taxtmi.com/news?id=75024 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Extension of timeline for surrender of unutilised TRQ quantity allocated for import of 10 LMT of Raw Sugar https://www.taxtmi.com/circulars?id=71521 https://www.taxtmi.com/circulars?id=71521 Sun, 04 Oct 2026 05:41:32 +0530 Customs Circulars TaxLaws TaxTMI Extension in Minimum Import Price (MIP) Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy) https://www.taxtmi.com/notifications?id=147143 https://www.taxtmi.com/notifications?id=147143 Sun, 04 Oct 2026 05:41:32 +0530 Customs Notifications TaxLaws TaxTMI Display of “investor awareness message(s)” by stock brokers on their trading apps and websites, under Project Jagrook https://www.taxtmi.com/circulars?id=71520 https://www.taxtmi.com/circulars?id=71520 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Circulars TaxTMI Extension of Minimum Import Price (MIP) Condition on Sulfadiazine API covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy) https://www.taxtmi.com/notifications?id=147119 https://www.taxtmi.com/notifications?id=147119 Sun, 04 Oct 2026 05:41:32 +0530 Customs Notifications TaxLaws TaxTMI Extension of Minimum Import Price (MIP) Condition of specific items covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy) https://www.taxtmi.com/notifications?id=147118 https://www.taxtmi.com/notifications?id=147118 Sun, 04 Oct 2026 05:41:32 +0530 Customs Notifications TaxLaws TaxTMI Release of the Annual Survey of Industries (2024-25) results https://www.taxtmi.com/news?id=75023 https://www.taxtmi.com/news?id=75023 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI 5th Kautilya Economic Conclave to be held in New Delhi from 3 to 5 October 2026 under the theme “Resilience in an Age of Flux” https://www.taxtmi.com/news?id=75022 https://www.taxtmi.com/news?id=75022 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws News TaxTMI Renewal of recognition to BSE Clearing Limited under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 https://www.taxtmi.com/notifications?id=147127 https://www.taxtmi.com/notifications?id=147127 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Notifications TaxTMI Continuation of RoDTEP Scheme till December 31st, 2026 https://www.taxtmi.com/notifications?id=147126 https://www.taxtmi.com/notifications?id=147126 Sun, 04 Oct 2026 05:41:32 +0530 Customs Notifications TaxLaws TaxTMI Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver https://www.taxtmi.com/notifications?id=147122 https://www.taxtmi.com/notifications?id=147122 Sun, 04 Oct 2026 05:41:32 +0530 Customs Notifications TaxLaws TaxTMI ESIC Coverage Extended to Niwari and 24 Partially Implemented Districts in Madhya Pradesh from October 1, 2026 https://www.taxtmi.com/notifications?id=147120 https://www.taxtmi.com/notifications?id=147120 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Notifications TaxTMI Amendment to Employees’ Pension Scheme, 2026 to Cover Eligible EPF Members Based on Revised Wage Ceiling https://www.taxtmi.com/notifications?id=147121 https://www.taxtmi.com/notifications?id=147121 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Notifications TaxTMI Seeks to amend Notification No. 7816 [S.O. 359(E)] dated 30th March, 1988 - Control of Notified Subordinate Officer under Income-Tax Authorities https://www.taxtmi.com/notifications?id=147116 https://www.taxtmi.com/notifications?id=147116 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Notifications TaxLaws TaxTMI Control of appellate income-tax commissioners now rests with jurisdictional Principal Chief Commissioners or Chief Commissioners. https://www.taxtmi.com/highlights?id=104445 https://www.taxtmi.com/highlights?id=104445 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Minimum import price conditions for ATS-8 imports are extended, preserving existing CIF valuation requirements until late November. https://www.taxtmi.com/highlights?id=104444 https://www.taxtmi.com/highlights?id=104444 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI RELIEF Component II eligibility timelines extend for delivery and transshipment shipments, supporting exporters facing continuing logistics disruptions. https://www.taxtmi.com/highlights?id=104443 https://www.taxtmi.com/highlights?id=104443 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Scientific research approval requires continuing SIRO status, annual donation reporting, and donor certification for tax compliance purposes. https://www.taxtmi.com/highlights?id=104442 https://www.taxtmi.com/highlights?id=104442 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Scientific research approval requires continuing SIRO status, annual donation reporting, and donor certificates throughout its effective tax years. https://www.taxtmi.com/highlights?id=104441 https://www.taxtmi.com/highlights?id=104441 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Scientific research approval requires continuing SIRO status, annual donation reporting, and donor certification for tax-recognised contributions. https://www.taxtmi.com/highlights?id=104440 https://www.taxtmi.com/highlights?id=104440 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Debenture trustee oversight: consolidated rules mandate independent security diligence, continuous covenant monitoring, default action, and investor grievance controls. https://www.taxtmi.com/highlights?id=104439 https://www.taxtmi.com/highlights?id=104439 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Highlights TaxTMI Customs-controlled cargo movement now includes GDL, subject to EXIM prioritisation, segregation, verification, reconciliation and enforcement safeguards. https://www.taxtmi.com/highlights?id=104438 https://www.taxtmi.com/highlights?id=104438 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Make a very big as well as final full stop for Section 74 of the CGST Act. https://www.taxtmi.com/article/detailed?id=17505 https://www.taxtmi.com/article/detailed?id=17505 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI CONSUMER COMPLAINT PENDING MORATORIUM UNDER IBC https://www.taxtmi.com/article/detailed?id=17504 https://www.taxtmi.com/article/detailed?id=17504 Sun, 04 Oct 2026 05:41:32 +0530 Corporate Laws Articles TaxLaws TaxTMI GST Officers must explore alternate service modes u/s 169, beyond portal upload or portal reminders if no response to SCN is made after portal upload https://www.taxtmi.com/article/detailed?id=17503 https://www.taxtmi.com/article/detailed?id=17503 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI ARRESTS UNDER GOODS AND SERVICES TAX (PART-1) https://www.taxtmi.com/article/detailed?id=17502 https://www.taxtmi.com/article/detailed?id=17502 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Excess Stock Does Not Mean Automatic Confiscation https://www.taxtmi.com/article/detailed?id=17501 https://www.taxtmi.com/article/detailed?id=17501 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Building a Corporate IP Strategy: From Innovation to Competitive Advantage https://www.taxtmi.com/article/detailed?id=17500 https://www.taxtmi.com/article/detailed?id=17500 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Articles TaxTMI Paying Admitted Tax Does Not Discharge the Deposit on Disputed Tax https://www.taxtmi.com/article/detailed?id=17499 https://www.taxtmi.com/article/detailed?id=17499 Sun, 04 Oct 2026 05:41:32 +0530 GST Articles TaxLaws TaxTMI Rule making powers under The Income Tax- Act of 2025 and 1961 analysed and discussed. https://www.taxtmi.com/article/detailed?id=17498 https://www.taxtmi.com/article/detailed?id=17498 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Articles TaxLaws TaxTMI Trade Secrets and Confidential Information: Protecting Business Know-How https://www.taxtmi.com/article/detailed?id=17497 https://www.taxtmi.com/article/detailed?id=17497 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Articles TaxTMI IP Valuation, Licensing and Commercialisation in India. https://www.taxtmi.com/article/detailed?id=17496 https://www.taxtmi.com/article/detailed?id=17496 Sun, 04 Oct 2026 05:41:32 +0530 TaxLaws Articles TaxTMI Prior communication of CGST arrest authorisation is required; summonses cannot replace a distinct pre-arrest notice. https://www.taxtmi.com/highlights?id=104437 https://www.taxtmi.com/highlights?id=104437 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI GST search seizure powers exclude cash and securities absent a statutory nexus, requiring return or refund of unlawfully seized funds. https://www.taxtmi.com/highlights?id=104436 https://www.taxtmi.com/highlights?id=104436 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Inverted duty refunds remain available where higher-taxed packing materials create accumulated ITC, despite restrictive administrative circulars. https://www.taxtmi.com/highlights?id=104435 https://www.taxtmi.com/highlights?id=104435 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Misdescription of goods in transit records supports section 129 tax and penalty; post-interception documents cannot cure the breach. https://www.taxtmi.com/highlights?id=104434 https://www.taxtmi.com/highlights?id=104434 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Pre-movement e-way bill compliance makes post-interception documents ineffective, supporting detention and penalty for undocumented goods in transit. https://www.taxtmi.com/highlights?id=104433 https://www.taxtmi.com/highlights?id=104433 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI E-invoice procedural lapse alone cannot sustain detention penalty where transport records establish a genuine taxable supply without tax evasion. https://www.taxtmi.com/highlights?id=104432 https://www.taxtmi.com/highlights?id=104432 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Tariff classification of oversized kitchen exhaust hoods places integral-fan units in the residual entry rather than fans. https://www.taxtmi.com/highlights?id=104431 https://www.taxtmi.com/highlights?id=104431 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Defence end-use customs exemption covers missile-warning components, but each import requires prescribed certification and customs verification. https://www.taxtmi.com/highlights?id=104430 https://www.taxtmi.com/highlights?id=104430 Sun, 04 Oct 2026 05:41:32 +0530 Customs Highlights TaxLaws TaxTMI Fraud-based GST recovery requires show cause notices to state foundational facts, not merely recite statutory grounds. https://www.taxtmi.com/highlights?id=104429 https://www.taxtmi.com/highlights?id=104429 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI GST cross-empowerment remains effective without conditional notification, while duplicate proceedings require established safeguards against overlapping inquiries. https://www.taxtmi.com/highlights?id=104428 https://www.taxtmi.com/highlights?id=104428 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Expiry of seizure period requires release of seized mobile phones and debit cards where no extension order exists. https://www.taxtmi.com/highlights?id=104427 https://www.taxtmi.com/highlights?id=104427 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Cash seizure under GST search powers was impermissible, requiring interest on refunded cash and release of retained devices. https://www.taxtmi.com/highlights?id=104426 https://www.taxtmi.com/highlights?id=104426 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Electronic Cash Ledger balances do not discharge GST liabilities until debit, sustaining delayed-payment interest and recovery. https://www.taxtmi.com/highlights?id=104425 https://www.taxtmi.com/highlights?id=104425 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Doctrine of merger preserves writ review after time-barred GST registration appeal and enables conditional registration restoration. https://www.taxtmi.com/highlights?id=104424 https://www.taxtmi.com/highlights?id=104424 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Input tax credit requires supplier tax payment; insolvency proceedings do not remove the recipient's statutory condition. https://www.taxtmi.com/highlights?id=104423 https://www.taxtmi.com/highlights?id=104423 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Retrospective input tax credit relief protects timely GSTR-3B claims from limitation-based denial and consequential liabilities. https://www.taxtmi.com/highlights?id=104422 https://www.taxtmi.com/highlights?id=104422 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Blocked Input Tax Credit Requires Specific Exclusions, While Interest Applies Only to Credit Actually Utilised https://www.taxtmi.com/highlights?id=104421 https://www.taxtmi.com/highlights?id=104421 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI E-way bill vehicle-number mismatch raises competing views on tax-evasion intent and penalty where commercial records identify the correct vehicle. https://www.taxtmi.com/highlights?id=104420 https://www.taxtmi.com/highlights?id=104420 Sun, 04 Oct 2026 05:41:32 +0530 GST Highlights TaxLaws TaxTMI Subsequent-Year Transaction Inclusion Invalidates Cash-Deposit Assessment Where Revision Failed to Address the Assessee's Material Challenge https://www.taxtmi.com/highlights?id=104419 https://www.taxtmi.com/highlights?id=104419 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI Bank investment revaluation and non-rural bad-debt deductions remain allowable despite rural doubtful-debt provisions under settled tax principles. https://www.taxtmi.com/highlights?id=104418 https://www.taxtmi.com/highlights?id=104418 Sun, 04 Oct 2026 05:41:32 +0530 Income Tax Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: October 04, 2026 https://www.taxtmi.com/newsletter?id=10/04/2026 https://www.taxtmi.com/newsletter?id=10/04/2026 Daily Updates Tax