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. Wed, 04 Nov 2026 01:19:52 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 GST - Re-credit of Rejected Refund Amount in ECL - Export of Services with Payment of IGST /forum/issue?id=121189 /forum/issue?id=121189 Wed, 04 Nov 2026 01:19:52 +0530 GST Discussion-Forum TaxLaws TaxTMI Leading Today, Building for Tomorrow - Special address by Shri Swaminathan J, Deputy Governor at the Leadership Conference of Indian Bank in Chennai on October 23, 2026 https://www.taxtmi.com/news?id=75178 https://www.taxtmi.com/news?id=75178 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Amendment in the notification no. S.O. 99 Dated 29th June 2017 https://www.taxtmi.com/notifications?id=147533 https://www.taxtmi.com/notifications?id=147533 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI NLMC Organises Pre-Bid Meeting for E-Auction of 5.119-Acre HIL (India) Limited Land Parcel in New Delhi https://www.taxtmi.com/news?id=75177 https://www.taxtmi.com/news?id=75177 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Amendment in the notification no. S.O. 238 Dated 13th September 2018 https://www.taxtmi.com/notifications?id=147532 https://www.taxtmi.com/notifications?id=147532 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Seeks to amend Notification No. 11/2017-Central Tax (Rate), dated the 28th June, 2017 - Rates for supply of services under CGST Act https://www.taxtmi.com/notifications?id=147469 https://www.taxtmi.com/notifications?id=147469 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Seeks to bring in force provisions of Bihar Goods and Services Tax (Amendment) Act, 2026 https://www.taxtmi.com/notifications?id=147530 https://www.taxtmi.com/notifications?id=147530 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendment in the notification no. S.O. 110 Dated 6th May 2020 https://www.taxtmi.com/notifications?id=147529 https://www.taxtmi.com/notifications?id=147529 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Commerce and Industry Minister Shri Piyush Goyal Calls Upon Youth to Lead India’s Journey Towards Becoming a Developed Nation by 2047 https://www.taxtmi.com/news?id=75176 https://www.taxtmi.com/news?id=75176 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Commerce and Industry Minister Shri Piyush Goyal Chairs Roundtable on Strengthening India’s Biopharma Startup Ecosystem and Accelerating Bioeconomy Growth https://www.taxtmi.com/news?id=75175 https://www.taxtmi.com/news?id=75175 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Amendment to Para 8.04(iii) of the Handbook of Procedures (HBP) 2023 - Mechanism for resolving Quality Complaints/Trade Disputes https://www.taxtmi.com/circulars?id=71904 https://www.taxtmi.com/circulars?id=71904 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Special procedure for payment of GST by concessionaires on operation and maintenance services under the Toll-Operate-Transfer (TOT) model. https://www.taxtmi.com/notifications?id=147528 https://www.taxtmi.com/notifications?id=147528 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Compliance with RERA for CDs having real estate projects and disclosure of CIRP at project and office sites of the CD https://www.taxtmi.com/circulars?id=71903 https://www.taxtmi.com/circulars?id=71903 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Circulars TaxTMI Introduction of revised Form CA for filing of claims by real estate allottees https://www.taxtmi.com/circulars?id=71902 https://www.taxtmi.com/circulars?id=71902 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Circulars TaxTMI Amendments in the notification no. 17/2017-State Tax (Rate) dated 29th June, 2017 https://www.taxtmi.com/notifications?id=147527 https://www.taxtmi.com/notifications?id=147527 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification bo. 13/2017-State Tax (Rate) dated 29th June, 2017 https://www.taxtmi.com/notifications?id=147526 https://www.taxtmi.com/notifications?id=147526 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification No. 09/2025-State Tax (Rate) dated 17th September, 2025 https://www.taxtmi.com/notifications?id=147520 https://www.taxtmi.com/notifications?id=147520 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification No. 26/2018-State Tax (Rate) dated 31st December, 2018 https://www.taxtmi.com/notifications?id=147523 https://www.taxtmi.com/notifications?id=147523 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification no. 4/2017-State Tax (Rate) dated 29th June, 2017 https://www.taxtmi.com/notifications?id=147522 https://www.taxtmi.com/notifications?id=147522 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification no. 10/2025-State Tax (Rate) dated 17th September, 2025 https://www.taxtmi.com/notifications?id=147521 https://www.taxtmi.com/notifications?id=147521 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification no. 12/2017-State Tax (Rate) dated 29th June, 2017 https://www.taxtmi.com/notifications?id=147525 https://www.taxtmi.com/notifications?id=147525 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Amendments in the notification no. 11/2017-State Tax (Rate) dated 29th June, 2017 https://www.taxtmi.com/notifications?id=147524 https://www.taxtmi.com/notifications?id=147524 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Special Economic Zones (Fifth Amendment) Rules, 2026. https://www.taxtmi.com/notifications?id=147518 https://www.taxtmi.com/notifications?id=147518 Wed, 04 Nov 2026 01:19:52 +0530 SEZ Notifications TaxLaws TaxTMI Special Economic Zone land de-notification removes specified parcels from the IT and IT-enabled services zone at Attipra. https://www.taxtmi.com/highlights?id=105782 https://www.taxtmi.com/highlights?id=105782 Wed, 04 Nov 2026 01:19:52 +0530 SEZ Highlights TaxLaws TaxTMI Sea cargo manifest and transshipment transitional provisions for specified ports apply until the revised regulatory deadline. https://www.taxtmi.com/highlights?id=105781 https://www.taxtmi.com/highlights?id=105781 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Sea Cargo Manifest and Transshipment (Fourth Amendment) Regulations, 2026. - Date till which the transitional provisions are applicable for specified ports https://www.taxtmi.com/notifications?id=147508 https://www.taxtmi.com/notifications?id=147508 Wed, 04 Nov 2026 01:19:52 +0530 Customs Notifications TaxLaws TaxTMI SCOMET export facilitation extends to eligible status holders, while repair authorisations gain longer validity and quarterly reporting https://www.taxtmi.com/highlights?id=105780 https://www.taxtmi.com/highlights?id=105780 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Cost audit report filings receive additional fee relief until the extended deadline, with late charges applying from the due date. https://www.taxtmi.com/highlights?id=105779 https://www.taxtmi.com/highlights?id=105779 Wed, 04 Nov 2026 01:19:52 +0530 Corporate Laws Highlights TaxLaws TaxTMI Preferential tariff claims under trade agreements require agreement-consistent origin checks, with safeguards against automatic denial for subsequent imports. https://www.taxtmi.com/highlights?id=105778 https://www.taxtmi.com/highlights?id=105778 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI IGST export refund delays call for shipping bill status checks, PFMS validation and an alternative route for invoice errors. https://www.taxtmi.com/highlights?id=105777 https://www.taxtmi.com/highlights?id=105777 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Export manifest errors and missing filings prompt advice to correct discrepancies and facilitate timely processing of post-export benefits. https://www.taxtmi.com/highlights?id=105776 https://www.taxtmi.com/highlights?id=105776 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Export duty refund automation requires online applications, designated officer scrutiny and electronic disbursement, with restricted exceptions for manual filing. https://www.taxtmi.com/highlights?id=105775 https://www.taxtmi.com/highlights?id=105775 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Export manifest errors and pending filings should be resolved through airlines to avoid delays in post-export benefits and incentives. https://www.taxtmi.com/highlights?id=105774 https://www.taxtmi.com/highlights?id=105774 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Sea cargo manifest transition phases out legacy export messages, mandates compliant filing and avoids penal action during implementation. https://www.taxtmi.com/highlights?id=105773 https://www.taxtmi.com/highlights?id=105773 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI GST rate and classification clarifications and guidance on services apply to Odisha GST implementation with necessary adaptations. https://www.taxtmi.com/highlights?id=105772 https://www.taxtmi.com/highlights?id=105772 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Digital accessibility compliance deadlines extended for auditor appointment, platform audits and remediation of findings by regulated entities. https://www.taxtmi.com/highlights?id=105771 https://www.taxtmi.com/highlights?id=105771 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI GST inspection payments: missing acknowledgment and unconsidered refund representation result in refund and permission for manual appeals. https://www.taxtmi.com/highlights?id=105770 https://www.taxtmi.com/highlights?id=105770 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Family-member surety requirements can be modified when inability to comply prevents release despite bail and affects personal liberty. https://www.taxtmi.com/highlights?id=105769 https://www.taxtmi.com/highlights?id=105769 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Principal-to-principal overseas services qualify as exports when statutory conditions are met, supporting input tax credit refunds. https://www.taxtmi.com/highlights?id=105768 https://www.taxtmi.com/highlights?id=105768 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Railway construction GST concessions require a qualifying composite works contract, not merely services supplied to the railways. https://www.taxtmi.com/highlights?id=105767 https://www.taxtmi.com/highlights?id=105767 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Delayed GST refund interest remains payable despite electronic credit ledger payment or payment exceeding the statutory pre-deposit. https://www.taxtmi.com/highlights?id=105766 https://www.taxtmi.com/highlights?id=105766 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI The Jurisdiction of a Single Member of GSTAT Cannot Extend to Appeals Involving Questions of Law or Exceeding the Prescribed Monetary Limit https://www.taxtmi.com/article/detailed?id=17687 https://www.taxtmi.com/article/detailed?id=17687 Wed, 04 Nov 2026 01:19:52 +0530 GST Articles TaxLaws TaxTMI Suppressed outward supplies require transaction-wise verification and reasoned findings before diary entries can support tax and penalty determinations. https://www.taxtmi.com/highlights?id=105765 https://www.taxtmi.com/highlights?id=105765 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Incomplete or expired e-way bills without valid explanation attract penalties despite matching invoices and asserted absence of tax evasion. https://www.taxtmi.com/highlights?id=105764 https://www.taxtmi.com/highlights?id=105764 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Bunched export refund appeals require a Division Bench when their combined value exceeds the ceiling or legal interpretation arises. https://www.taxtmi.com/highlights?id=105763 https://www.taxtmi.com/highlights?id=105763 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Paper bags made from kraft, greaseproof and glassine paper attract concessional GST, with input tax credit subject to conditions. https://www.taxtmi.com/highlights?id=105762 https://www.taxtmi.com/highlights?id=105762 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Amendment to Chapter 10 of the Handbook of Procedures (HBP), 2023 – Extension of SCOMET Authorisation-based facilitation to eligible 4-Star and 5-Star Status Holders and extension of validity of General Authorisation for Export after Repair in India (GAER) https://www.taxtmi.com/circulars?id=71890 https://www.taxtmi.com/circulars?id=71890 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI TDS Registration Advisory for Dealers in Scrap and Other Notified Goods https://www.taxtmi.com/news?id=75172 https://www.taxtmi.com/news?id=75172 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Advisory on Enhancements Related to Composition Levy Functionality under GST https://www.taxtmi.com/news?id=75173 https://www.taxtmi.com/news?id=75173 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Advisory on Key Changes in the GST Registration Amendment Process https://www.taxtmi.com/news?id=75174 https://www.taxtmi.com/news?id=75174 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Framework for Issuance of Depository Receipts on Units of REITs https://www.taxtmi.com/circulars?id=71894 https://www.taxtmi.com/circulars?id=71894 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Circulars TaxTMI Foreign Exchange Management (Export and Import of Goods and Services) (Second Amendment) Regulations, 2026 https://www.taxtmi.com/notifications?id=147517 https://www.taxtmi.com/notifications?id=147517 Wed, 04 Nov 2026 01:19:52 +0530 FEMA Notifications TaxLaws TaxTMI Framework for Issuance of Depository Receipts on Units of InvITs https://www.taxtmi.com/circulars?id=71889 https://www.taxtmi.com/circulars?id=71889 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Circulars TaxTMI Good days are ahead for GST taxpayers. Thanks to GSTAT and GST Council. https://www.taxtmi.com/article/detailed?id=17689 https://www.taxtmi.com/article/detailed?id=17689 Wed, 04 Nov 2026 01:19:52 +0530 GST Articles TaxLaws TaxTMI Provisions relating to income on receipt of capital asset or stock-in-trade by specified person from specified entity as per S.8 of ITA 2025 and S.9B of ITA 1961 https://www.taxtmi.com/article/detailed?id=17688 https://www.taxtmi.com/article/detailed?id=17688 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Articles TaxLaws TaxTMI Winding Up Without Wreckage: A Practitioner's Guide to Closing a Business Properly https://www.taxtmi.com/article/detailed?id=17686 https://www.taxtmi.com/article/detailed?id=17686 Wed, 04 Nov 2026 01:19:52 +0530 Auditing Articles TaxLaws TaxTMI A GST Demand Cannot Rest on Vague Allegations or Ignore Tax Already Paid Under Another Head https://www.taxtmi.com/article/detailed?id=17685 https://www.taxtmi.com/article/detailed?id=17685 Wed, 04 Nov 2026 01:19:52 +0530 GST Articles TaxLaws TaxTMI Due-Diligence Ready Every Year: Helping Clients Build a Business a Buyer Would Pay For https://www.taxtmi.com/article/detailed?id=17684 https://www.taxtmi.com/article/detailed?id=17684 Wed, 04 Nov 2026 01:19:52 +0530 Auditing Articles TaxLaws TaxTMI Before the Client Signs the Sanction Letter: Borrowing Mistakes That Turn Business Loans Into Traps https://www.taxtmi.com/article/detailed?id=17683 https://www.taxtmi.com/article/detailed?id=17683 Wed, 04 Nov 2026 01:19:52 +0530 Auditing Articles TaxLaws TaxTMI GST Notification No. 03/2026-Central Tax: Major GST Changes Effective from 1st November 2026 - Section 154 (GST Credit Notes) Part 2 | GST Updates | Finance Act, 2026 | Section 154 https://www.taxtmi.com/article/detailed?id=17682 https://www.taxtmi.com/article/detailed?id=17682 Wed, 04 Nov 2026 01:19:52 +0530 GST Articles TaxLaws TaxTMI Benami deposits under void income declarations turn on consideration and benefit, with attachment machinery applying retrospectively. https://www.taxtmi.com/highlights?id=105761 https://www.taxtmi.com/highlights?id=105761 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Unverified judicial precedents cannot sustain customs reassessment treating the speaking-order deadline as directory when cited decisions are disclaimed https://www.taxtmi.com/highlights?id=105760 https://www.taxtmi.com/highlights?id=105760 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Struck-off companies cannot pursue declarations or injunctions over contractual rights without restoration, despite the statutory saving for recoveries. https://www.taxtmi.com/highlights?id=105759 https://www.taxtmi.com/highlights?id=105759 Wed, 04 Nov 2026 01:19:52 +0530 Corporate Laws Highlights TaxLaws TaxTMI Borrower debt acknowledgments can extend limitation for personal guarantor insolvency when the guarantee makes them binding on the guarantor. https://www.taxtmi.com/highlights?id=105758 https://www.taxtmi.com/highlights?id=105758 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI MSME promoter exemptions do not bypass net-worth eligibility, while creditor committees retain control over relaxation of approved criteria. https://www.taxtmi.com/highlights?id=105757 https://www.taxtmi.com/highlights?id=105757 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Service by affixation can trigger service tax appeal deadlines when delivery fails and no updated address is provided. https://www.taxtmi.com/highlights?id=105756 https://www.taxtmi.com/highlights?id=105756 Wed, 04 Nov 2026 01:19:52 +0530 Service Tax Highlights TaxLaws TaxTMI Unaccounted tobacco stock found during survey attracts tax determination instead of direct confiscation, penalty and fine. https://www.taxtmi.com/highlights?id=105755 https://www.taxtmi.com/highlights?id=105755 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Expired e-way bills and vehicle number mismatches can attract transport penalties where circumstances establish an intention to evade tax. https://www.taxtmi.com/highlights?id=105754 https://www.taxtmi.com/highlights?id=105754 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Departmental appeal limits permit discretionary exceptions, while penalties for technical e-way bill lapses in genuine transactions require evasion intent. https://www.taxtmi.com/highlights?id=105753 https://www.taxtmi.com/highlights?id=105753 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI GST invoice penalties require evidence review and an effective hearing where material transaction facts need further verification. https://www.taxtmi.com/highlights?id=105752 https://www.taxtmi.com/highlights?id=105752 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Non-consecutive GST invoice numbers alone do not justify detention or severe penalties for documented transactions without tax evasion. https://www.taxtmi.com/highlights?id=105751 https://www.taxtmi.com/highlights?id=105751 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Transitional CENVAT credit survives portal-related filing delays, while fraud demands and penalties require evidence and proper notice. https://www.taxtmi.com/highlights?id=105750 https://www.taxtmi.com/highlights?id=105750 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Input tax credit mismatches and incorrect tax-head reporting do not by themselves justify denial when eligibility is established. https://www.taxtmi.com/highlights?id=105749 https://www.taxtmi.com/highlights?id=105749 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Kraft paper bag classification and GST rates: qualifying bags attract concessional tax with conditional input tax credit. https://www.taxtmi.com/highlights?id=105748 https://www.taxtmi.com/highlights?id=105748 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI GST exemptions for government-facing incubation services depend on recipient status, while enterprise-support funds and incubator recognition affect tax treatment. https://www.taxtmi.com/highlights?id=105747 https://www.taxtmi.com/highlights?id=105747 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI GST exemption for examination services covers printing, scanning, result processing and associated delivery supplied to educational institutions. https://www.taxtmi.com/highlights?id=105746 https://www.taxtmi.com/highlights?id=105746 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Transfer pricing comparability excludes functionally different providers and companies whose abnormal profits from extraordinary circumstances distort pricing. https://www.taxtmi.com/highlights?id=105745 https://www.taxtmi.com/highlights?id=105745 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Tax-inclusive valuation of purchases and inventory remains mandatory despite separate accounting, while revision requires an erroneous and prejudicial assessment. https://www.taxtmi.com/highlights?id=105744 https://www.taxtmi.com/highlights?id=105744 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Gross vehicle weight determines heavy goods vehicle classification for presumptive taxation, regardless of lower registered unladen weight. https://www.taxtmi.com/highlights?id=105743 https://www.taxtmi.com/highlights?id=105743 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Environmental preservation expenditure can qualify for ordinary deductions despite denied charitable registration when statutory purpose requirements are met. https://www.taxtmi.com/highlights?id=105742 https://www.taxtmi.com/highlights?id=105742 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Business celebration and unverified expenses may be deductible, while expenses identified and conceded as personal are disallowed. https://www.taxtmi.com/highlights?id=105741 https://www.taxtmi.com/highlights?id=105741 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Capital gains on land converted into development stock are taxed proportionately when the developed property is sold. https://www.taxtmi.com/highlights?id=105740 https://www.taxtmi.com/highlights?id=105740 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Educational institution tax exemption cannot be denied solely for non-filing before the return-filing condition took effect. https://www.taxtmi.com/highlights?id=105739 https://www.taxtmi.com/highlights?id=105739 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Treaty exemption for Mauritius investors' capital gains permits retention of brought-forward losses without prior set-off under the beneficial regime. https://www.taxtmi.com/highlights?id=105738 https://www.taxtmi.com/highlights?id=105738 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Arm's length agent remuneration prevents further permanent establishment profit attribution when it covers risk-taking functions in internet advertising. https://www.taxtmi.com/highlights?id=105737 https://www.taxtmi.com/highlights?id=105737 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Percentage-based expense disallowance requires evidence, while property use and negative cash balances require verification before tax adjustments. https://www.taxtmi.com/highlights?id=105736 https://www.taxtmi.com/highlights?id=105736 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Pecuniary jurisdiction determines reassessment notice validity, while independent appellate inquiry can address alleged unexplained cash credits. https://www.taxtmi.com/highlights?id=105735 https://www.taxtmi.com/highlights?id=105735 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Customs misdeclaration and equipment clearance: investigation into officials and directions for cryptocurrency-mining imports were refused. https://www.taxtmi.com/highlights?id=105734 https://www.taxtmi.com/highlights?id=105734 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Customs broker licence suspension requires genuine urgency, while proceedings dependent on a time-barred show cause notice cannot survive. https://www.taxtmi.com/highlights?id=105733 https://www.taxtmi.com/highlights?id=105733 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Tea confiscation for camouflaging elephant tusks and penalties for illicit carriage require evidence of camouflage and involvement https://www.taxtmi.com/highlights?id=105732 https://www.taxtmi.com/highlights?id=105732 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Conflicting security deposit appropriation dates support a limited forensic audit of the lessor's records during insolvency proceedings. https://www.taxtmi.com/highlights?id=105731 https://www.taxtmi.com/highlights?id=105731 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Concealed decree debts can invalidate insolvency initiation, while creditor consent and committee-approved plans cannot cure fraudulent proceedings. https://www.taxtmi.com/highlights?id=105730 https://www.taxtmi.com/highlights?id=105730 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Suspended management's duty to cooperate continues after plan approval, with costs available for non-cooperation during insolvency proceedings. https://www.taxtmi.com/highlights?id=105729 https://www.taxtmi.com/highlights?id=105729 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Proof of independent funds for property acquisition requires reliable evidence when cash transactions support provisional attachment as criminal proceeds. https://www.taxtmi.com/highlights?id=105728 https://www.taxtmi.com/highlights?id=105728 Wed, 04 Nov 2026 01:19:52 +0530 PMLA Highlights TaxLaws TaxTMI Vehicle dealer service-tax treatment separates goods sales from taxable reimbursements, cancellation charges and insurance commissions. https://www.taxtmi.com/highlights?id=105727 https://www.taxtmi.com/highlights?id=105727 Wed, 04 Nov 2026 01:19:52 +0530 Service Tax Highlights TaxLaws TaxTMI Transferred freezer use rights exclude service tax; refundable security deposits are not consideration, and extended limitation requires deliberate suppression. https://www.taxtmi.com/highlights?id=105726 https://www.taxtmi.com/highlights?id=105726 Wed, 04 Nov 2026 01:19:52 +0530 Service Tax Highlights TaxLaws TaxTMI Gross and Net GST revenue collections for the month of October, 2026 https://www.taxtmi.com/news?id=75168 https://www.taxtmi.com/news?id=75168 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Advisory on the Revised Process for Approval of Registration Cancellation application under Form GST REG-16 https://www.taxtmi.com/news?id=75171 https://www.taxtmi.com/news?id=75171 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Advisory on Simplified Registration Scheme under Rule 14B of the CGST Rules, 2017 https://www.taxtmi.com/news?id=75170 https://www.taxtmi.com/news?id=75170 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Advisory on Important Changes in FORM GST REG-01 for GST Registration https://www.taxtmi.com/news?id=75169 https://www.taxtmi.com/news?id=75169 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws News TaxTMI Cooling off period for offer for sale by Private listed InvITs https://www.taxtmi.com/circulars?id=71888 https://www.taxtmi.com/circulars?id=71888 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Circulars TaxTMI Clubbing of Contrived Split Consignments under Rule 2(a) and Valuation of a Dismantled Motorcycle https://www.taxtmi.com/tmi_notes?id=2606 https://www.taxtmi.com/tmi_notes?id=2606 Wed, 04 Nov 2026 01:19:52 +0530 Customs Notes TaxLaws TaxTMI Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) outside India. https://www.taxtmi.com/notifications?id=147507 https://www.taxtmi.com/notifications?id=147507 Wed, 04 Nov 2026 01:19:52 +0530 Excise Notifications TaxLaws TaxTMI Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rate on exports of petrol and diesel outside India. https://www.taxtmi.com/notifications?id=147506 https://www.taxtmi.com/notifications?id=147506 Wed, 04 Nov 2026 01:19:52 +0530 Excise Notifications TaxLaws TaxTMI GST on Corporate Guarantees: Substantive Liability, Deemed Valuation and Judicial Relief https://www.taxtmi.com/tmi_notes?id=2605 https://www.taxtmi.com/tmi_notes?id=2605 Wed, 04 Nov 2026 01:19:52 +0530 GST Notes TaxLaws TaxTMI Employee Secondment under the India-USA DTAA: Employment Rights, Reimbursements and Included Services https://www.taxtmi.com/tmi_notes?id=2604 https://www.taxtmi.com/tmi_notes?id=2604 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Notes TaxLaws TaxTMI Central Government de-notifies an area of 10.2050 hectares thereby making the total area of the Special Economic Zone as 7.3816 hectares at Village Attipra, Taluk and District Thiruvananthapuram in the state of Kerala https://www.taxtmi.com/notifications?id=147516 https://www.taxtmi.com/notifications?id=147516 Wed, 04 Nov 2026 01:19:52 +0530 SEZ Notifications TaxLaws TaxTMI Pre-deposit Under Section 112 and Independent Compliance with Tribunal Filing Fees https://www.taxtmi.com/tmi_notes?id=2603 https://www.taxtmi.com/tmi_notes?id=2603 Wed, 04 Nov 2026 01:19:52 +0530 GST Notes TaxLaws TaxTMI Passenger baggage jurisdiction bars Tribunal appeals, with government revision available and separate scrutiny for currency and export prohibitions. https://www.taxtmi.com/highlights?id=105725 https://www.taxtmi.com/highlights?id=105725 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI GST appeal monetary limits bind tax officers, with composite-order aggregation and exceptions for recurring or interpretative issues. https://www.taxtmi.com/highlights?id=105724 https://www.taxtmi.com/highlights?id=105724 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI E-way bill re-use allegations require proof of the same goods' earlier movement, not merely repeated vehicle journeys. https://www.taxtmi.com/highlights?id=105723 https://www.taxtmi.com/highlights?id=105723 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Clarification in respect of receipt of payment for export of goods or services https://www.taxtmi.com/circulars?id=71884 https://www.taxtmi.com/circulars?id=71884 Wed, 04 Nov 2026 01:19:52 +0530 GST Circulars TaxLaws TaxTMI Clarification in respect of the omission of rule 96 (10) of the West Bengal Goods and Services Tax Rules, 2017. https://www.taxtmi.com/circulars?id=71883 https://www.taxtmi.com/circulars?id=71883 Wed, 04 Nov 2026 01:19:52 +0530 GST Circulars TaxLaws TaxTMI Clarification regarding classification and applicability of GST on the supply of certain goods based on the recommendations of the GST Council in its 57th meeting held on 8th October 2026, at New Delhi. https://www.taxtmi.com/circulars?id=71881 https://www.taxtmi.com/circulars?id=71881 Wed, 04 Nov 2026 01:19:52 +0530 GST Circulars TaxLaws TaxTMI Clarifications regarding applicability of GST on certain services. https://www.taxtmi.com/circulars?id=71878 https://www.taxtmi.com/circulars?id=71878 Wed, 04 Nov 2026 01:19:52 +0530 GST Circulars TaxLaws TaxTMI Special Additional Excise Duty on aviation turbine fuel cleared for export applies at the revised effective rate upon publication. https://www.taxtmi.com/highlights?id=105722 https://www.taxtmi.com/highlights?id=105722 Wed, 04 Nov 2026 01:19:52 +0530 Excise Highlights TaxLaws TaxTMI Special additional excise duty on petrol and diesel exports changes through revised rates for two table entries. https://www.taxtmi.com/highlights?id=105721 https://www.taxtmi.com/highlights?id=105721 Wed, 04 Nov 2026 01:19:52 +0530 Excise Highlights TaxLaws TaxTMI Real estate insolvency rules require project-wise accounts, independent completion assessments and specific safeguards for allottees in resolution plans. https://www.taxtmi.com/highlights?id=105719 https://www.taxtmi.com/highlights?id=105719 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Raw cotton customs duty and agricultural cess period extended, with the existing end date replaced by a later deadline https://www.taxtmi.com/highlights?id=105718 https://www.taxtmi.com/highlights?id=105718 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Seeks to amend Notification No. 19/2026-Customs, dated the 30th May, 2026 - BCD and AIDC on Raw Cotton for a specified period https://www.taxtmi.com/notifications?id=147503 https://www.taxtmi.com/notifications?id=147503 Wed, 04 Nov 2026 01:19:52 +0530 Customs Notifications TaxLaws TaxTMI Customs tariff values for edible oils, brass scrap, gold, silver and areca nuts apply to specified goods https://www.taxtmi.com/highlights?id=105717 https://www.taxtmi.com/highlights?id=105717 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Non-profit merger conditions require matching registration status, transfer of obligations, audited accounts and electronic notification within the prescribed deadline. https://www.taxtmi.com/highlights?id=105716 https://www.taxtmi.com/highlights?id=105716 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Highlights TaxLaws TaxTMI Agarwood oil and chips exports gain an additional airport route, subject to applicable statutory and regulatory requirements. https://www.taxtmi.com/highlights?id=105715 https://www.taxtmi.com/highlights?id=105715 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Social security board membership differs for gig and platform worker welfare, while retaining the same chairperson and vice-chairperson. https://www.taxtmi.com/highlights?id=105714 https://www.taxtmi.com/highlights?id=105714 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Escrow-based taxation of toll-road maintenance applies central tax when concessionaires charge or debit operating expenses to escrow. https://www.taxtmi.com/highlights?id=105713 https://www.taxtmi.com/highlights?id=105713 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Foreign portfolio investor KYC reviews follow revised risk-based intervals, while registration continuance no longer requires change or no-change declarations. https://www.taxtmi.com/highlights?id=105712 https://www.taxtmi.com/highlights?id=105712 Wed, 04 Nov 2026 01:19:52 +0530 TaxLaws Highlights TaxTMI Export support oversight under RELIEF includes a sub-committee reviewing implementation, claims processed, fund utilisation and intervention uptake. https://www.taxtmi.com/highlights?id=105711 https://www.taxtmi.com/highlights?id=105711 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI GST enforcement reforms halt arrests, limit transit checks and set a minimum threshold for tax notices pending amendments https://www.taxtmi.com/highlights?id=105710 https://www.taxtmi.com/highlights?id=105710 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Preferential export tariffs under the India-New Zealand FTA require item-level shipping bill declarations and matching certificate-of-origin details. https://www.taxtmi.com/highlights?id=105709 https://www.taxtmi.com/highlights?id=105709 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI GST rules for services clarify research exemptions, vehicle lease recoveries, banking transactions and co-lending fees. https://www.taxtmi.com/highlights?id=105708 https://www.taxtmi.com/highlights?id=105708 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI GST classification and input tax credits clarified for sublimation paper, toys, seaweed bio-stimulants and used motor vehicles. https://www.taxtmi.com/highlights?id=105707 https://www.taxtmi.com/highlights?id=105707 Wed, 04 Nov 2026 01:19:52 +0530 GST Highlights TaxLaws TaxTMI Preferential tariffs for exports to New Zealand require item-level shipping bill declarations and matching certificates of origin https://www.taxtmi.com/highlights?id=105706 https://www.taxtmi.com/highlights?id=105706 Wed, 04 Nov 2026 01:19:52 +0530 Customs Highlights TaxLaws TaxTMI Relaxation of additional fees and extension of time for filing CRA-4 (Cost Audit Report in XBRL format) https://www.taxtmi.com/circulars?id=71876 https://www.taxtmi.com/circulars?id=71876 Wed, 04 Nov 2026 01:19:52 +0530 Corporate Laws Circulars TaxLaws TaxTMI Nomination of Departmental Vigilance Officers for State Taxes Department JK https://www.taxtmi.com/circulars?id=71874 https://www.taxtmi.com/circulars?id=71874 Wed, 04 Nov 2026 01:19:52 +0530 GST Circulars TaxLaws TaxTMI TDS on Electricity Bill from DISCOM /forum/issue?id=121163 /forum/issue?id=121163 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Rectification against Appellate Order passed by Appellate Authority NFAC /forum/issue?id=121164 /forum/issue?id=121164 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Tax implication on Receipts by Co.Op Hsg Soc. while Development rights giving to Developer /forum/issue?id=121168 /forum/issue?id=121168 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Private Trust become a Partner in LLP /forum/issue?id=121178 /forum/issue?id=121178 Wed, 04 Nov 2026 01:19:52 +0530 Corporate Laws Discussion-Forum TaxLaws TaxTMI Time Limit for Reinvestment Purpose - Capital Gain /forum/issue?id=121183 /forum/issue?id=121183 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Capital Gain Tax Applicability /forum/issue?id=121184 /forum/issue?id=121184 Wed, 04 Nov 2026 01:19:52 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Adoption of procedures/practices followed by Jawaharlal Nehru Custom House (JNCH) for bringing uniformity in Customs procedures https://www.taxtmi.com/circulars?id=71872 https://www.taxtmi.com/circulars?id=71872 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Application of Section 28DA of the Customs Act, 1962 and CAROTAR, 2020 consistent with the Rules of Origin under Trade Agreements – Implementation of CBIC Circular No. 43/2026-Customs dated 24.09.2026 https://www.taxtmi.com/circulars?id=71870 https://www.taxtmi.com/circulars?id=71870 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Modification to SRO 63 dated 05-02-2018 https://www.taxtmi.com/notifications?id=147514 https://www.taxtmi.com/notifications?id=147514 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Mandatory additional qualifiers in export declarations in respect of certain textile products w.e.f. 01.11.2026 https://www.taxtmi.com/circulars?id=71869 https://www.taxtmi.com/circulars?id=71869 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Modification to SRO 519 of 2017 Regarding Budgetary Support Scheme for Manufacturing Units in Jammu and Kashmir https://www.taxtmi.com/notifications?id=147513 https://www.taxtmi.com/notifications?id=147513 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Interim stay by the Hon’ble Bombay High Court of Suspension Order No. 05/2026 dated 10.08.2026 and Public Notice No. 96/2026 dated 10.08.2026 in the case of M/s Aegon Shipping India Pvt. Ltd. https://www.taxtmi.com/circulars?id=71867 https://www.taxtmi.com/circulars?id=71867 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Modification to SRO 521 of 2017 Regarding Budgetary Support Scheme for Manufacturing Units in Jammu and Kashmir https://www.taxtmi.com/notifications?id=147512 https://www.taxtmi.com/notifications?id=147512 Wed, 04 Nov 2026 01:19:52 +0530 GST Notifications TaxLaws TaxTMI Public Notice regarding Export General Manifest (EGM) Errors for the period 01.08.2026 to 31.08.2026 https://www.taxtmi.com/circulars?id=71863 https://www.taxtmi.com/circulars?id=71863 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Automation of Refund of Export Duty https://www.taxtmi.com/circulars?id=71861 https://www.taxtmi.com/circulars?id=71861 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI Public Notice containing list of EGM errors https://www.taxtmi.com/circulars?id=71859 https://www.taxtmi.com/circulars?id=71859 Wed, 04 Nov 2026 01:19:52 +0530 Customs Circulars TaxLaws TaxTMI TMI Updates - Newsletter dated: November 04, 2026 https://www.taxtmi.com/newsletter?id=11/04/2026 https://www.taxtmi.com/newsletter?id=11/04/2026 Daily Updates Tax