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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>
        <item>
<title>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.</title>
<link>https://www.taxtmi.com/notifications?id=147507</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Special Additional Excise Duty (SAED) on exports of aviation turbine fuel (ATF) outside India is revised to Rs. 11 per litre. The revised rate replaces the entry in column (4) against serial number 1 of the table in Notification No. 08/2026-Central Excise, which was issued on 26 March 2026 and last amended on 30 September 2026. The revised rate takes effect on 31 October 2026, the date of publication in the Official Gazette.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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.</title>
<link>https://www.taxtmi.com/notifications?id=147506</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Special Additional Excise Duty rates on exports of petrol and diesel outside India are revised through changes to the duty entries in column 4 of the table under Notification No. 06/2026-Central Excise. The entry against serial number 1 is replaced with nil, and the entry against serial number 2 with Rs. 11.5 per litre. The revised entries take effect on 31 October 2026, the date of publication in the Official Gazette.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=147516</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[The Central Government de-notifies 10.2050 hectares from the IT and IT-enabled services Special Economic Zone at Village Attipra, Thiruvananthapuram, Kerala, leaving a notified area of 7.3816 hectares. The action is taken under the second proviso to section 4(1) of the Special Economic Zones Act, 2005, in pursuance of rule 8 of the Special Economic Zones Rules, 2006. The Kerala Government approved the proposal, and the Development Commissioner of the Cochin Special Economic Zone recommended it. The Central Government recorded satisfaction that the requirements under section 3(8) of the Act and other related requirements had been fulfilled.]]></description>
<category>SEZ</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 19/2026-Customs, dated the 30th May, 2026 - BCD and AIDC on Raw Cotton for a specified period</title>
<link>https://www.taxtmi.com/notifications?id=147503</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[The specified date in paragraph 2 of the raw cotton customs exemption framework changes from 31 October 2026 to 31 December 2026. The framework concerns basic customs duty (BCD) and agriculture infrastructure and development cess (AIDC) on raw cotton. The Central Government makes the amendment in the public interest under section 25(1) of the Customs Act, 1962, read with section 124 of the Finance Act, 2021.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Modification to SRO 63 dated 05-02-2018</title>
<link>https://www.taxtmi.com/notifications?id=147514</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Eligible industrial units that failed to file claims within the prescribed timelines before 15 October 2026 may submit their pending claims within two months of that date. This opportunity is conditional on filing all returns due under section 39 of the Jammu and Kashmir Goods and Services Tax Act, 2017, and paying the tax due on those returns together with any applicable interest. Annexure-A, entry 4, concerning edible oil and vanaspati ghee, is revised to exclude oil extracted directly from oil seeds from the reference to edible oil. The revised claim-filing provision and entry apply from 15 October 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Modification to SRO 519 of 2017 Regarding Budgetary Support Scheme for Manufacturing Units in Jammu and Kashmir</title>
<link>https://www.taxtmi.com/notifications?id=147513</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Eligible industrial units that failed to file claims within the prescribed timelines before 15 October 2026 may claim scheme benefits by filing their pending claims within two months from that date. Delayed claims are conditional on filing all returns due under section 39 of the Jammu and Kashmir Goods and Services Tax Act, 2017, and paying the tax due along with any applicable interest. Entry 6 of Annexure A is amended to except oil extracted directly from oil seeds from the reference to edible oil; the reference to Vanaspati Ghee remains. Both amendments take effect on 15 October 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Modification to SRO 521 of 2017 Regarding Budgetary Support Scheme for Manufacturing Units in Jammu and Kashmir</title>
<link>https://www.taxtmi.com/notifications?id=147512</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Eligible manufacturing units in Jammu and Kashmir that missed prescribed claim-filing timelines before 15 October 2026 may submit pending claims for budgetary support within two months from that date. The scheme reimburses 42% of central tax paid under the Central Goods and Services Tax Act, 2017. The late-filing concession requires all returns due under section 39 of the Jammu and Kashmir Goods and Services Tax Act, 2017, to have been filed and the tax due, together with any applicable interest, to have been paid. Entry 6 of Annexure-A is also revised to refer to edible oil, except oil extracted directly from oil seeds, and vanaspati ghee. Both changes take effect on 15 October 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Sea Cargo Manifest and Transshipment (Fourth Amendment) Regulations, 2026.</title>
<link>https://www.taxtmi.com/notifications?id=147508</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[The date entry in column (3) against serial number 6 in the table following Form XII of the Sea Cargo Manifest and Transshipment Regulations, 2018, is substituted with 31 January 2027. The substitution takes effect on 1 November 2026, the date of its publication in the Official Gazette. The Central Board of Indirect Taxes and Customs exercises powers under section 157 of the Customs Act, 1962, read with sections 30, 30A, 41, 41A, 53, 54, 56, 98(3) and 158(2).]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2026.</title>
<link>https://www.taxtmi.com/notifications?id=147504</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Corporate insolvency resolution involving real estate projects requires a separate bank account for each project, project-wise financial reporting to the committee, and compliance with real-estate fund-utilisation requirements. For debtors with multiple projects, the resolution professional must present project-specific details at the committee's first meeting, while the committee may recommend a project's exclusion to the Adjudicating Authority with recorded reasons. Independent technical and cost-to-complete assessments must precede invitations for expressions of interest, form part of the information memorandum, and be available to prospective resolution applicants.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Income-tax (Eighth Amendment) Rules, 2026</title>
<link>https://www.taxtmi.com/notifications?id=147501</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Rule 189A prescribes conditions for mergers of registered non-profit organisations with the same or similar objects. Cross-mergers between regularly registered and provisionally registered organisations are prohibited. The merged organisation succeeds to the merging organisation's assets, liabilities, tax obligations and pending or future tax proceedings for pre-merger periods. It must preserve its objects for five years, avoid related-person benefit, comply with income-application and investment requirements, and submit Form No. 112A electronically within the prescribed period. Both organisations must obtain an audit of their books of account as on the merger date.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver</title>
<link>https://www.taxtmi.com/notifications?id=147502</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Customs tariff valuation under section 14(2) of the Customs Act, 1962 is updated through substituted tariff-value tables effective 31 October 2026. Values per metric tonne are fixed for specified edible oils and brass scrap, while gold and silver values apply by prescribed weight units to qualifying forms and specified products. Areca nuts remain at 10,433 US dollars per metric tonne without change.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendment in Export Policy of Agarwood under Chapter 12, Schedule - 2 ITC (HS) Export Policy, 2022</title>
<link>https://www.taxtmi.com/notifications?id=147500</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147500</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Export licensing conditions for agarwood permit export of agarwood oil, agarwood chips and allied products through Lokpriya Gopinath Bordoloi International Airport, Guwahati, subject to applicable statutory and regulatory requirements. The CITES export permit requirement for CITES species continues, as do the prescribed export ports. Exporters need not furnish additional information, no-objection certificates or documents beyond the prescribed documentation.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Constitution of the National Social Security Board for Unorganised, Gig and Platform Workers under the Code on Social Security, 2020</title>
<link>https://www.taxtmi.com/notifications?id=147488</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[National Social Security Board is constituted for a three-year term under the Code on Social Security, 2020, with representation from workers, employers, unorganised workers, Parliament, Central ministries and departments, and State labour administrations. The Board is also assigned welfare functions for gig workers and platform workers. For those functions, its general membership is replaced by representatives of aggregators, app-based workers and trade unions, social-security institutions, labour-welfare experts, and State labour officials.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 12/97-Customs (N.T.) dated the 2nd April, 1997 - Inland Container Depots for loading and unloading of goods</title>
<link>https://www.taxtmi.com/notifications?id=147485</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Customs cargo-handling locations appointed under section 7 of the Customs Act, 1962 are expanded by inserting Anekollu, Krishnagiri District, in the Tamil Nadu entry of the applicable table. Anekollu is added as item (xiv) at serial number 11 and authorises unloading of imported goods and loading of export goods, or any class of such goods. The location and operational purpose are inserted in columns (3) and (4), respectively.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 45/2025-Customs, dated the 24th October, 2025 - Effective rates of customs duty, IGST and compensation cess for goods imported into India</title>
<link>https://www.taxtmi.com/notifications?id=147467</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147467</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[From 1 November 2026, customs duty, IGST and compensation cess treatment for imported goods is amended by omitting serial number 198 and Lists 13, 14 and 15 from Table I. Table II replaces the tariff-heading entry against serial number 36 with 8906 and revises serial number 60 for specified defence-related parts, equipment and literature. The revised serial number 60 ceases to have effect on or after 1 July 2029.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model.</title>
<link>https://www.taxtmi.com/notifications?id=147481</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147481</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Registered concessionaires supplying operation and maintenance services under a Toll-Operate-Transfer concession agreement must pay central tax on amounts charged or debited from the Escrow Account towards operation and maintenance expenses. Tax becomes payable in the tax period in which the relevant expenditure is charged or debited. The arrangement applies where the concessionaire holds exclusive toll collection rights, operates and maintains the road or highway, and pays the concession fee upfront.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model.</title>
<link>https://www.taxtmi.com/notifications?id=147483</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147483</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Registered concessionaires under Toll-Operate-Transfer concession agreements supplying operation and maintenance services must pay Union Territory tax on amounts charged or debited from the Escrow Account towards operation and maintenance expenses. Tax is payable in the tax period in which the relevant expenditure is charged or debited.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model.</title>
<link>https://www.taxtmi.com/notifications?id=147482</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147482</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Registered Toll-Operate-Transfer concessionaires supplying operation and maintenance services to concessioning authorities must pay integrated tax on amounts charged or debited from the escrow account towards operation and maintenance expenses. Tax is payable in the tax period in which the relevant expenditure is charged or debited. The procedure applies where the concessionaire holds exclusive toll collection rights, must operate and maintain the road or highway, and pays an upfront concession fee.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 17/2017-Union Territory Tax (Rate), dated the 28th June, 2017 - services the tax on intra-State supplies of which shall be paid by the electronic commerce operator (ECO)</title>
<link>https://www.taxtmi.com/notifications?id=147480</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147480</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Union Territory GST treatment of intra-State delivery services supplied through electronic commerce operators is revised. Electronic commerce operators must pay tax on delivery services other than postal and courier services. This liability does not apply where the supplier providing services through the operator is liable for registration under the specified Union Territory GST and Central GST registration provisions. The revised treatment takes effect from 1 November 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 17/2017- Central Tax (Rate), dated the 28th June, 2017 - services the tax on intra-State supplies of which shall be paid by the electronic commerce operator (ECO)</title>
<link>https://www.taxtmi.com/notifications?id=147478</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Electronic commerce operators must pay CGST on intra-State supplies of delivery services supplied through their platforms, excluding postal and courier services. Operator tax-payment liability does not apply where the supplier using the electronic commerce operator is liable for registration under the CGST registration provision. The revised treatment takes effect on 1 November 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 14/2017-Integrated Tax (Rate), dated the 28th June, 2017 - services the tax on inter-State supplies of which shall be paid by the electronic commerce operator</title>
<link>https://www.taxtmi.com/notifications?id=147479</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Inter-State supplies of delivery services, other than postal and courier services, made through an electronic commerce operator are subject to the operator's tax-payment liability. This liability does not apply where the supplier is liable for registration under the applicable inter-State supply and central tax registration provisions. The substituted treatment takes effect from 1 November 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 13/2017-Central Tax (Rate), dated the 28th June, 2017 - services on which tax will be payable under reverse charge mechanism (RCM) under CGST Act</title>
<link>https://www.taxtmi.com/notifications?id=147475</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Reverse-charge tax liability for listed services under section 9(3) of the Central Goods and Services Tax Act, 2017, is modified through a targeted change to the prescribed services table. Against serial number 15, column (3), the figure "6" is replaced by "9". The substitution takes effect on 1 November 2026 and updates the referenced entry for services on which tax is payable under reverse charge.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 10/2017-Integrated Tax (Rate), dated the 28th June, 2017 - services on which integrated tax will be payable under reverse charge mechanism (RCM) under IGST Act</title>
<link>https://www.taxtmi.com/notifications?id=147476</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Reverse-charge liability for integrated tax services is amended for the service entry at serial number 17. The figure in column (3) is substituted from "12" to "18". The revised entry takes effect from 1 November 2026 as part of the framework governing services on which integrated tax is payable under the reverse charge mechanism.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 13/2017-Union Territory Tax (Rate), dated the 28th June, 2017 - Services on which union territory tax will be payable under reverse charge mechanism (RCM)</title>
<link>https://www.taxtmi.com/notifications?id=147477</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=147477</guid>
<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Union territory tax liability under the reverse charge mechanism for services is amended by substituting the figure "9" for "6" in column (3) against serial number 15 of the prescribed table. The revised table entry takes effect on 1 November 2026 and applies prospectively within the UTGST framework governing services subject to reverse charge.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to amend Notification No. 9/2017-Integrated Tax (Rate), dated the 28th June, 2017 - Exemptions on supply of services under IGST Act</title>
<link>https://www.taxtmi.com/notifications?id=147473</link>
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<pubDate>Tue, 03 Nov 2026 07:45:13 +0530</pubDate>
<description><![CDATA[Integrated GST service-exemption provisions exempt specified imports without consideration by Indian establishments of foreign shipping companies, helicopter seat-sharing services on designated routes, statutory provident fund services, grants of toll collection rights and coffee-curing services for cultivators. The goods transport agency entry does not apply where goods are supplied through an electronic commerce operator. Storage and warehousing coverage extends to cereals, pulses, fruits, vegetables and seeds meant for sowing, supported by an expanded definition of seed and a revised definition of goods transport agency.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
<item>
<title>TMI Updates - Newsletter dated: November 03, 2026</title>
<link>https://www.taxtmi.com/newsletter?id=11/03/2026</link>
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<description><![CDATA[Newsletter for tax updates and legal information]]></description>
<category>Daily Updates</category>
<category>Tax</category>
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