Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.

Tamil Nadu SGST Schedule I entries taxable at 2.5% are amended by substituting the tariff-classification entries against serial numbers 165 and 165A. Both entries are revised to cover tariff headings 2711 12 00, 2711 13 00 and 2711 19 10. The substituted classifications apply with deemed effect from 4 January 2024.

The concessional GST rate for composite works contracts supplied to Government Entities excludes works intended for commerce, industry, business, or profession. The exclusion of public-authority activities from business applies only to the Central Government, State Government, and local authorities, not to Governmental Authorities or Government Entities. Tourism ropeway construction is business-oriented, is not covered by entries concerning roads, bridges, terminals, or railways, and falls under entry 3(xii), attracting GST at 18%.

Arunachal Pradesh SGST registration exemption is corrected by omitting the words "section 23" appearing in the first line after the words "section 3 of" in Notification No. 2/2017-State Tax dated 28 June 2017.

Arunachal Pradesh State Tax rate schedule is corrected at two entries. Serial number 59 is amended by replacing the reference to heading "9" with "7, 9 or 10". Serial number 102 is amended by replacing the reference to heading "2302" with "2301, 2302". These corrections apply for the purposes of Notification No. 2/2017-State Tax (Rate).

Cash deposits made during the demonetisation period were treated as satisfactorily explained where they were linked to earlier withdrawals retained for the assessee's daughter's marriage. The inference that substantial marriage expenditure must have depleted those funds could not be sustained without material disproving the explanation. A simple marriage conducted at a Gurudwara with close relatives was not shown to be inconsistent with retention of the withdrawn cash. The addition as unexplained money was therefore deleted.

Reverse-charge liability for certain specified supplies of goods is amended by substituting the recipient entry against serial number 6. The revised entry covers the Central Government, excluding the Ministry of Railways (Indian Railways), State Government, Union territory and local authority. The substituted recipient classification takes effect from 20 October 2023.

Separately supplied laterals and parts of sprinklers or drip irrigation systems attract the GST rate applicable to those systems where they are classifiable under the specified irrigation-equipment heading and are suitable solely or principally for such use. Parts of general use, if classifiable under another heading under the applicable Section and Chapter Notes, attract GST at the rate applicable to that respective heading.

Tamil Nadu State tax exemption is extended to food preparations of millet flour in powder form, classified under tariff heading 1901, where millets constitute at least 70% by weight. The exemption applies only where the products are not pre-packaged and labelled, and is deemed effective from 20 October 2023.

Tamil Nadu State tax rate schedules are amended to include molasses and qualifying pre-packaged and labelled millet-flour powder preparations in the 2.5% schedule. The 9% schedule is revised for specified food preparations and expanded to include spirits for industrial use. The first serial entry in the 14% schedule is omitted. The revised rate treatment is deemed effective from 20 October 2023.

Unclaimed TDS credit relating to professional receipts already offered to tax may be sought through rectification under Section 154 where a return processed under Section 143(1) omitted TDS reflected in Form 26AS or AIS. TDS credit is linked to assessment of the corresponding income under Section 199 read with Rule 37BA. The rectification request should provide a TDS-wise reconciliation showing the deductor, corresponding professional receipt, inclusion in presumptive turnover, income offered, and credit claimed.

Entry 23A exempts annuity consideration only for access to a road or bridge under heading 9967. Road construction is classified separately under heading 9954, including construction of highways, streets, roads, bridges and tunnels. Where road-construction consideration is partly paid upfront and partly through deferred annual instalments called annuities, the payment structure does not change the nature of the service. Consequently, deferred annuity payments for road construction do not qualify for the exemption applicable to road-access annuities.

Erratum inserts an omitted concluding commencement clause in the annexure governing amendments under the Tamil Nadu Goods and Services Tax Act, 2017. The clause gives deemed retrospective commencement to the operative measure, treating it as having entered into force from 8 October 2024. It fixes temporal application from that specified prior date and expressly records the commencement basis applicable to the annexure's amendments.

India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.

Government loan-guarantee services supplied by the Central Government, State Government or Union Territory to their undertakings or public sector undertakings are exempt from GST. The exemption applies where the guarantees relate to loans taken by those undertakings or PSUs from banking companies or financial institutions and is covered by Entry 34A of Notification No. 12/2017-State Tax (Rate).

Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.

Appellate Tribunal procedure is revised through a two-part FORM GST APL-02A for provisional acknowledgement and final communication on appeals or applications. Appeals not involving a question of law may be transferred to a Single Member Bench, while matters involving a legal question or an identical issue previously heard by a Technical and Judicial Member Bench require reconsideration by the appropriate Bench. Revised forms prescribe detailed appeal, cross-objection, order-summary, demand, pre-deposit, and payment reporting requirements.

Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.

Catering services supplied to educational institutions, including pre-schools and schools, are exempt from GST, with the exemption expressly covering mid-day meal services. Anganwadis are treated as educational institutions because they provide pre-school non-formal education. Accordingly, food-serving and catering services supplied to Anganwadis, including mid-day meals, are exempt irrespective of whether funding comes from government grants or corporate donations.

SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.