https://www.taxtmi.com/article/detailed?id=15858 Union Budget 2026-27 amends indirect tax law to simplify customs tariffs and processes, extend Customs Act reach for fishing activities, revise duty exemptions including relief for specified medical imports and aviation inputs, lengthen advance ruling validity, and expand deferred duty payment for certain AEOs and eligible manufacturer-importers. GST amendments delink post-sale discounts from agreement requirements for valuation/credit notes, provide provisional refunds for inverted duty claims and remove refund thresholds for exports with tax paid, create a National Appellate Authority for advance rulings with interim empowerment of existing authorities, and revise place-of-supply treatment for intermediary services to follow the default rule. en-us Wed, 11 Feb 2026 09:39:26 +0530 Wed, 11 Feb 2026 09:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15858 Union Budget 2026-27 amends indirect tax law to simplify customs tariffs and processes, extend Customs Act reach for fishing activities, revise duty exemptions including relief for specified medical imports and aviation inputs, lengthen advance ruling validity, and expand deferred duty payment for certain AEOs and eligible manufacturer-importers. GST amendments delink post-sale discounts from agreement requirements for valuation/credit notes, provide provisional refunds for inverted duty claims and remove refund thresholds for exports with tax paid, create a National Appellate Authority for advance rulings with interim empowerment of existing authorities, and revise place-of-supply treatment for intermediary services to follow the default rule. Articles Goods and Services Tax - GST Wed, 11 Feb 2026 09:39:26 +0530 https://www.taxtmi.com/article/detailed?id=15858