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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>
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        <ttl>60</ttl>
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<title>Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Indian Institute of Technology, Roorkee".</title>
<link>https://www.taxtmi.com/notifications?id=146905</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Scientific research approval is granted to the Indian Institute of Technology, Roorkee for eligible donations, applying for tax years 2026-2027 through 2030-2031. The approval remains subject to prescribed compliance conditions. For every tax year in which donations are received, the institution must prepare and deliver Form No. 15 by 31 May immediately following that tax year. It must also furnish each donor a Form No. 16 certificate specifying the donation amount.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>International Financial Services Centres Authority (Fund Management) (Second Amendment) Regulations, 2026.</title>
<link>https://www.taxtmi.com/notifications?id=146878</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Fund-management requirements in IFSC are amended to require pre-close or pre-threshold contributor monies to be invested only in permissible investments preserving capital and providing adequate liquidity. NAV computation, NAV disclosure and portfolio disclosure obligations are revised across Venture Capital, Restricted and Retail schemes from the commencement of investment activity. FME contribution rules, exemptions for relocated and specified passive structures, placement memorandum extensions, NAV methodology and conflict disclosures, policy approvals, record retention, and fiduciary pre-investor-agreement checks are also revised.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
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        <item>
<title>Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT-2517) for Depository Transactions under section 508(1) of the Income-tax Act, 2025 read with sub-rule 6 of rule 237 of the Income-tax Rules, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146890</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Statement of Financial Transactions reporting for depository transactions requires depositories to furnish half-yearly transaction information for pre-filling income-tax returns with capital gains, income and loss data. Transaction summaries must cover user-initiated demat-account debit transactions, with corresponding credits identified through the First In First Out method. Estimated sale consideration and cost of acquisition follow prescribed weighted-average, end-of-day price, fair-market-value and indexed-cost methods. Files must be submitted in the prescribed format with a signed control statement. Validation failures, inaccuracies and defects must be rectified through correction or deletion submissions.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
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        <item>
<title>Procedure and Guidelines for submission of Statement of Financial Transactions (SFT-2518) for Mutual Fund Transactions under section 508(1) of the Income-tax Act, 2025 read with sub-rule 6 of rule 237 of the Income-tax Rules, 2026 by Registrar and Share Transfer Agent</title>
<link>https://www.taxtmi.com/notifications?id=146889</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Registrar and Share Transfer Agents must furnish half-yearly Statement of Financial Transactions data for Mutual Fund capital gains through the designated SFTP facility and submit a signed control statement. Reporting covers account summaries, security-level debit or sale summaries and off-market transactions. Sale consideration and acquisition cost must be estimated using available records, with FIFO used to identify corresponding credits and determine holding periods. Corrections and deletions must follow the prescribed statement process, and reporting entities must maintain information-security, archival and retrieval policies.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Supersession of the Notification No. S.O. 91, dated 19th March, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146888</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[The last date for appeals before the Appellate Tribunal against orders communicated before 1 May 2026, and for applications concerning orders passed before 1 February 2026, is fixed as 31 July 2026. Appeals involving later communicated orders remain subject to a three-month period from communication, while applications involving later orders remain subject to a six-month period from the date of the order. The revised framework operates from 30 June 2026 and preserves prior actions and omissions.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Supersession of the Notification G.O. Ms. No. 25, dated 10th March, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146887</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Appellate Tribunal filing timelines under section 112 are revised, while preserving acts done or omitted before supersession. Appeals against orders communicated before 1 May 2026 may be filed up to 31 July 2026; appeals against later communications must be filed within three months. Applications concerning orders passed before 1 February 2026 may be filed up to 31 July 2026; applications concerning later orders must be filed within six months from the order date.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Central Government de-notifies an area of 0.0792 hectares thereby making the total area of the Special Economic Zone as 5.2908 hectares at Plot No. 138, Old Mahabalipuram Road, Sholinganallur, Kancheepuram District, Tamil Nadu</title>
<link>https://www.taxtmi.com/notifications?id=146877</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[De-notification of 0.0792 hectares from an Information Technology and Information Technology Enabled Services Special Economic Zone reduces the notified SEZ area from 5.37 hectares to 5.2908 hectares. The land comprises Survey No. 439 in Sholinganallur village. The action is exercised under the second proviso to section 4(1) of the Special Economic Zones Act, 2005, read with rule 8 of the Special Economic Zones Rules, 2006, after State Government approval, Development Commissioner recommendation, and fulfilment of applicable statutory requirements.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) (Amendment) Regulations, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146833</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Premium is redefined by adopting the meaning assigned under the Insurance Act, 1938. For re-insurance business, premium means the consideration paid or payable under a re-insurance contract to cover risk. The amendment takes effect from its publication in the Official Gazette and updates the premium-definition provision governing the manner of payment and receipt of premium.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
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        <item>
<title>Notification Authorising Sharing of information regarding income-tax payers’ for identifying eligible beneficiaries for the various welfare schemes being implemented by Government of Andhra Pradesh.</title>
<link>https://www.taxtmi.com/notifications?id=146875</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Section 258(1)(b) of the Income-tax Act, 2025 authorises the Central Government to specify the Secretary, ITEC, Government of Andhra Pradesh, as the official for sharing information concerning income-tax payers. Such information sharing is connected with identifying persons eligible for the various welfare schemes implemented by the Government of Andhra Pradesh.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Central Government notifies an additional area of 2.708437 hectares, as a part of above Special Economic Zone, thereby making the total area of the Special Economic Zone as 5.412488 hectares at Plot No.CF7, Sector-22, Nava Raipur, Atal Nagar in the state of Chhattisgarh</title>
<link>https://www.taxtmi.com/notifications?id=146873</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Central Government has expanded the sector-specific Special Economic Zone for Information Technology and Information Technology Enabled Services at Plot No. CF7, Sector-22, Nava Raipur, Atal Nagar, Chhattisgarh. An additional area of 2.708437 hectares is included under the Special Economic Zones Act, 2005 and the Special Economic Zones Rules, 2006, following the Board of Approval's recommendation. The total notified area of the Special Economic Zone consequently becomes 5.412488 hectares.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Central Government notifies an additional area of 1.14 hectares thereby making the total area of the Special Economic Zone as 12.10 hectares at Plot No.1, Industrial Park, Kurubarapalli, Krishnagiri District, Tamil Nadu</title>
<link>https://www.taxtmi.com/notifications?id=146871</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Central Government has included an additional area of 1.14 hectares in the sector-specific Special Economic Zone for Electronic Hardware and Software, including Information Technology and Information Technology Enabled Services, at Kurubarapalli, Krishnagiri District, Tamil Nadu. The inclusion increases the total notified SEZ area from 10.96 hectares to 12.10 hectares. The added land comprises parts of Survey Nos. 16/1B2A and 16/1B2B in Kurabarapalli village, following the developer's proposal and recommendation for area inclusion.]]></description>
<category>SEZ</category>
<category>Notifications</category>
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        <item>
<title>Central Government de-notifies an area of 1.4310 hectares of the Special Economic Zone, thereby making the total area of the Special Economic Zone as 17.7681 hectares at Villages Rachenahalli, Nagavara and Tanisandra, District Bangalore, in the State of Karnataka</title>
<link>https://www.taxtmi.com/notifications?id=146874</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Central Government de-notifies 1.4310 hectares from the Information Technology and Information Technology Enabled Services Special Economic Zone at Rachenahalli, Nagavara and Tanisandra villages in Bangalore district, Karnataka. Exercising powers under the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zones Rules, 2006, the total designated area stands at 17.7681 hectares.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Central Government rescind the Notification Number S.O. 595(E) dated 17th April, 2007</title>
<link>https://www.taxtmi.com/notifications?id=146872</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Rescission of the earlier Special Economic Zone notification de-notifies the entire 60.70-hectare area established for Information Technology and Information Technology Enabled Services at Mamidipalli Village, Saroornagar Mandal, Ranga Reddy District, Telangana, on the proposal of M/s. Brahmani Infratech Limited. The Central Government exercises its power under the first proviso to rule 8 of the Special Economic Zones Rules, 2006 to rescind the prior notification, while preserving acts done and omissions occurring before the rescission took effect.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendment in Notification No. eCF 703778/234 dated 17th September, 2025</title>
<link>https://www.taxtmi.com/notifications?id=146869</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Assam SGST rate schedules are amended to place biris in Schedule II at 9 per cent and specified tobacco-related goods in Schedule III at 20 per cent. The latter category includes pan masala, unmanufactured tobacco, tobacco refuse other than tobacco leaves, cigars, cigarettes, manufactured tobacco other than biris, tobacco substitutes, and specified non-combustible inhalation products. Schedule VII, prescribing a 14 per cent rate, is omitted. The amendments are deemed effective from 1 February 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendment in Notification eCF No. 703778/234 dated 17.09.2025</title>
<link>https://www.taxtmi.com/notifications?id=146868</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Assam SGST rate schedules are amended to revise specified tariff classifications in Schedule I at 2.5% and Schedule III at 20%. Schedule I entries are substituted with tariff codes 2202 99 21, 2202 99 29, 2202 99 31 and 2202 99 39. Schedule III entries are substituted with tariff codes 2202 99 90, 2202 99 91 and 2202 99 99. The classification amendments are deemed effective from 1 May 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendment in Notification eCF No. 400555/54 dated the 30th November, 2024</title>
<link>https://www.taxtmi.com/notifications?id=146867</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Retail sale price-based valuation is extended to declared-price supplies of pan masala, specified tobacco products, cigarettes, tobacco substitutes, and specified tobacco or nicotine inhalation products. Retail sale price includes all taxes, duties, surcharges and cesses, with the highest of multiple declared prices applying. Any increased declared price is treated as the retail sale price, while area-specific prices apply to goods intended for sale in the relevant area. Customs Tariff classifications and interpretative rules govern product coverage.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Notifies the 30th day of June, 2026, as the date upto which appeal may be filed before the Appellate Tribunal under Assam Goods and Services Tax Act, 2017 in respect of all cases</title>
<link>https://www.taxtmi.com/notifications?id=146866</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Appeals before the Appellate Tribunal are governed by separate filing limits according to the date of communication of the challenged order. Where an order was communicated before 1 April 2026, an appeal may be filed up to 30 June 2026. Where an order is communicated on or after 1 April 2026, the appeal may be filed within three months from the date of communication to the person preferring the appeal.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>International Financial Services Centres Authority (Prohibition of Market Abuse in Securities Markets) Regulations, 2026.</title>
<link>https://www.taxtmi.com/notifications?id=146841</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Insiders are prohibited from communicating, procuring or trading on material non-public information except for legitimate purposes, duties or legal obligations. Trading while in possession of such information is presumed to be based on it, subject to specified explanations, including informed inter-se transfers, bona fide statutory transactions, pre-priced stock-option exercises, effective information barriers and disclosed irrevocable trading plans. Listed entities must maintain transaction-disclosure policies for designated persons and internal controls that protect confidential information, restrict access, identify informed employees and undergo periodic review.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>International Financial Services Centres Authority (Capital Market Intermediaries) (Second Amendment) Regulations, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146831</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146831</guid>
<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Regulation 28(5), first proviso, is amended by inserting the words "certain situations as per its approved policy, including but not limited to" after "a rating in" and before "the". The insertion connects the relevant rating-related requirement with situations covered by an approved policy and clarifies that those situations are not exhaustive. The amendment takes effect from publication in the Official Gazette.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Regarding registering the rent/lease agreements for purposes of registration under the RGST Act, 2017.</title>
<link>https://www.taxtmi.com/notifications?id=146825</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Registration of rent and lease agreements is mandatory for GST registration and amendment where a principal or additional place of business is occupied on rent or lease in Rajasthan. Because State law requires registration of rent or lease agreements for every period, an unregistered agreement is not sufficient for such GST purposes. Electronic registration may be initiated through the e-Panjiyan Portal, followed by examination of admissibility, verification through physical or electronic modes, statutory and stamp-duty scrutiny, and digital endorsement upon satisfaction of all legal and procedural requirements.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Madhya Pradesh Goods and Services Tax (Amendment) Bill, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146826</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Post-supply discounts may be excluded from the value of supply where the supplier issues a credit note and the recipient reverses input tax credit attributable to the discount. The requirement to link such discounts with an agreement specifically connected to the relevant invoice is removed. Credit-note provisions expressly cover post-supply discounts. Provisional refund is extended to unutilised input tax credit arising from an inverted duty structure, while export refund claims for goods exported on payment of tax are excluded from the minimum-threshold condition.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146823</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Schedule I permits an e-commerce entity to use an inventory-based e-commerce model exclusively for exporting goods or products manufactured or produced in India, subject to the Foreign Trade Policy 2023, the Handbook of Procedures, and the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015. Business-to-consumer and inventory-based e-commerce restrictions under serial numbers 15.2.1 to 15.2.4 do not apply to such permitted exports.]]></description>
<category>FEMA</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Central Government de-notifies an area of 15.59989 hectares, thereby making the resultant area as 4.81501 hectares at Khokhra, Ahmedabad in the State of Gujarat</title>
<link>https://www.taxtmi.com/notifications?id=146824</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[De-notification of 15.59989 hectares from the sector-specific Special Economic Zone for an Apparel Park at Khokhra, Ahmedabad, Gujarat, is effected under section 4(1) of the Special Economic Zones Act, 2005, read with rule 8 of the Special Economic Zones Rules, 2006. The resultant Special Economic Zone area is 4.81501 hectares. The released land parcels are to be used for infrastructure creation that supports the objectives originally envisaged for the Special Economic Zone.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Notification regarding voluntary Aadhaar authentication on the Shram Suvidha Portal and alternate means of identification</title>
<link>https://www.taxtmi.com/notifications?id=146807</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Voluntary Aadhaar authentication may be used to verify user details in Shram Suvidha Portal modules through Yes/No and/or eKYC authentication. The Ministry must obtain the Aadhaar holder's consent and inform users of viable alternative identification methods. No portal service may be denied because a user refuses or is unable to undergo Aadhaar authentication. Voter ID Card, PAN Card, Driving License and Passport are recognised alternative identification methods.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 11/2026-Central Excise, dated the 26th March, 2026 - rates of Road and Infrastructure Cess for petrol and diesel, when cleared for exports</title>
<link>https://www.taxtmi.com/notifications?id=146782</link>
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<pubDate>Tue, 15 Sep 2026 02:21:49 +0530</pubDate>
<description><![CDATA[Road and Infrastructure Cess applicable to petrol and diesel when cleared for export is amended by substituting the rate specified against serial number 2 in the relevant exemption table with Rs. 1 per litre. The amendment takes effect from 1 September 2026.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
<item>
<title>TMI Updates - Newsletter dated: September 15, 2026</title>
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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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