https://www.taxtmi.com/article/detailed?id=15824 Budget 2026 reforms strengthen certainty and liquidity: GST now recognises pre agreed post sale discounts without mandatory ITC reversal, mandates 90% provisional refunds to exporters within seven days, excludes back office services from the intermediary definition, and extends advance ruling validity to five years; customs measures extend advance ruling validity to five years, lengthen duty payment windows for AEOs to 30 days, and allow single declarations for multiple inter warehouse transfers; excise raises NCCD on tobacco by 15% and reduces duty on blended CNG; direct tax changes retain existing slabs, simplify filing, rationalise TCS on foreign remittances, introduce a one time foreign asset disclosure scheme, tighten non resident real estate TDS compliance, and integrate penalty assessment. en-us Fri, 06 Feb 2026 09:27:05 +0530 Fri, 06 Feb 2026 09:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15824 Budget 2026 reforms strengthen certainty and liquidity: GST now recognises pre agreed post sale discounts without mandatory ITC reversal, mandates 90% provisional refunds to exporters within seven days, excludes back office services from the intermediary definition, and extends advance ruling validity to five years; customs measures extend advance ruling validity to five years, lengthen duty payment windows for AEOs to 30 days, and allow single declarations for multiple inter warehouse transfers; excise raises NCCD on tobacco by 15% and reduces duty on blended CNG; direct tax changes retain existing slabs, simplify filing, rationalise TCS on foreign remittances, introduce a one time foreign asset disclosure scheme, tighten non resident real estate TDS compliance, and integrate penalty assessment. Articles Goods and Services Tax - GST Fri, 06 Feb 2026 09:27:05 +0530 https://www.taxtmi.com/article/detailed?id=15824