GST on trading of Priority Sector Lending Certificates (PSLCs) from 1 July 2017 to 27 May 2018 is payable by the seller bank under the forward charge mechanism. The seller bank must discharge the GST liability on the supply of PSLCs. GST applies to that supply at 12%.

Where space or a right to use space on a hoarding or structure embedded in land is supplied, the structure is considered an immovable fixture and the place of supply is its location under section 12(3)(a) of the IGST Act. Where the vendor retains possession and control of the structure and merely displays an advertisement for a specified period, the supply is an advertisement service, with place of supply determined by the recipient's location under section 12(2).

Where a consignee or recipient taxpayer stores goods in a transporter's godown, that godown must be declared as the recipient taxpayer's additional place of business. Upon the goods reaching the declared transporter's godown, transportation under the e-way bill is deemed concluded and extension of e-way bill validity is not required. Subsequent movement from that godown to another place of business requires a valid e-way bill under the applicable State-specific rules.

Input tax credit on capital goods must be claimed in Form No. 25 within 30 days of commercial use under the Kerala VAT framework. A delivery-book entry evidencing timely submission supports treating the claim as filed within the prescribed period where the original application is absent from departmental records. Rejection of an allegedly delayed claim requires recorded reasons and an opportunity of hearing; an endorsement alone is insufficient. The claim was treated as timely filed and required consideration in accordance with law.

Security-cheque defence requiring evidentiary proof must be adjudicated at trial and does not, by itself, justify quashing a criminal complaint under inherent jurisdiction. The merits of that defence therefore remain open for trial determination. Costs imposed for non-appearance may be set aside where the absence is attributable to the party's ailment, removing the monetary burden in those circumstances.

Customs exemption validity under Notification No. 19/2026-Customs is extended by replacing the paragraph 2 expiry date of 31 October 2026 with 31 December 2026. The Central Government makes the amendment under section 25(1) of the Customs Act, 1962, read with section 124 of the Finance Act, 2021, in the public interest.

GST Service/Facilitation Centres operate in every unit office across Assam as Single Window Facility Service Centres for taxpayers and DDOs. They support digitised and online government-service delivery for improving the Ease of Doing Business ecosystem. The centres provide guidance, assistance and support on GST compliance, receive grievances, and facilitate effective grievance resolution through the State Single Window System.

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.

GST refund claims for unutilised input tax credit require FORM GSTR-2A and invoice-wise Annexure-A details with FORM GST RFD-01A. Refund is limited to the lowest prescribed formula amount or relevant electronic credit ledger balance, and credit must be debited in the specified order before application. Ineligible credit rejected in a refund claim is re-credited with recovery proceedings, while other rejected credit requires an undertaking against appeal. A deficiency memorandum requires a fresh application, and sanctioned refunds cannot be withheld by the disbursing administration merely for perceived errors.

Non-GST dealers and assessees should use the ATReMS portal for electronic registration, amendments, cancellation, return filing, payment, e-CST forms, delivery notes, road permits, appeals, revisions and refunds. Existing users need to migrate their profiles from the legacy portal, while newly registered users need to create login credentials through the New User sign-up facility.

Integrated co-location services involving hosting and IT infrastructure provisioning are not treated as renting of immovable property. Their place of supply is determined by the recipient's location under the default rule, and supplies involving a supplier and recipient in different States attract IGST. Conversely, an arrangement limited to physical space on rent with basic infrastructure, without hosting, IT provisioning, or responsibility for server operation and monitoring, is treated as renting of immovable property, with place of supply determined by the property's location.

Rule 189A sets conditions for mergers of registered non-profit organisations with the same or similar objects. It bars cross-status mergers between registered and provisionally registered entities, requires settlement of outstanding tax demands as applicable, transfers all assets, liabilities, and tax obligations to the merged organisation, and prohibits related-person benefits. The merged organisation must preserve its objects for five years, obtain merger-date audits, and electronically file Form No. 112A within one month from the end of the month in which the merger takes effect. Assessments and other proceedings concerning the merging organisation continue against the merged organisation.

The Ministry of Corporate Affairs performs an administrative role in conducting appointments of Judicial and Technical Members of the National Company Law Tribunal. The Tribunal independently appoints and manages its officers and staff, including Deputy Registrars, Court Officers, Stenographers, Office Assistants and Multi-Tasking Staff. Delegated personnel responsibility supports the Tribunal's effective and independent functioning.

ONDC DigiDukaan enables kirana retailers to operate as digital buyers through a single interface for discovering and ordering products across multiple brands, distributors and wholesalers, with visibility of pricing, trade schemes and availability. It is intended to reinforce existing distributor relationships while creating a shared digital foundation for logistics, formal credit and related services. Priority areas include a common retailer identity, shared logistics and micro-warehousing, transaction-linked financing, simplified technology integration and commercial incentive alignment for sustained digital ordering.

Trade and investment cooperation focused on enhancing trade and investment flows, addressing market-related concerns, facilitating market access, and expanding business engagement and investment partnerships. Priority sectors included logistics, renewable energy and clean technology, financial services and FinTech, digital transformation and ICT, healthcare and life sciences, Ayurveda and traditional medicine, and agro-food processing.

High Level Committee on Banking for Viksit Bharat is constituted to review India's banking sector and recommend structural, institutional, regulatory and legislative reforms supporting globally competitive, financially inclusive and resilient banking. Its remit includes prudential norms, banking regulation, capital requirements, cost of capital, AI and digital innovation, cyber-risk safeguards, workforce capacity, Priority Sector Lending and the Lead Bank Scheme. The Committee will also consider reforms affecting Regional Rural Banks, Cooperative Banks, Development Financial Institutions and Non-Banking Financial Companies.

Cross-border UPI acceptance enables Indian travellers to make online experience bookings at At the Top, Burj Khalifa and Resorts World Sentosa using preferred UPI applications. The UAE integration involves NPCI International Payments Limited, NEOPAY and Emaar Entertainment, while the Singapore arrangement with FOMO Pay extends acceptance to Resorts World Sentosa attractions. These e-commerce facilities build on QR-based merchant payment arrangements and support seamless cross-border digital transactions for advance travel planning.

Consolidated monthly accounts through September 2026 record total receipts of Rs.18,35,422 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.6,99,409 crore. Total expenditure stands at Rs.25,49,835 crore, with Rs.18,95,288 crore on revenue account and Rs.6,54,547 crore on capital account. Revenue expenditure includes interest payments of Rs.6,46,010 crore and major subsidies of Rs.2,22,905 crore.

Intelligence-based interceptions resulted in the seizure of methamphetamine tablets concealed in an office table within a vehicle and crystal methamphetamine hidden above a truck cabin in tea packets carrying foreign markings. Four persons were arrested under the Narcotic Drugs and Psychotropic Substances Act, 1985, and three vehicles were seized. Preliminary investigation linked the drugs to cross-border smuggling from Myanmar.

An intelligence-led operation uncovered a functional clandestine synthetic-drug manufacturing laboratory and seized semi-prepared drugs, finished methaqualone, precursor chemicals, and manufacturing equipment. Follow-up residential searches recovered additional chemicals and a manufacturing machine. Approximately 1,100 kg of drugs and precursor chemicals were seized in total, and two persons associated with the facility were arrested under the Narcotic Drugs and Psychotropic Substances Act, 1985.