Biris are expressly listed under the 9% schedule, distinct from other tobacco items. This creates product-specific clarity for UTGST compliance.
Biris are specifically classified in the 18% schedule, separate from other tobacco items. This creates a distinct IGST treatment for biris versus higher-taxed tobacco products.
Biris are expressly listed under the 9% schedule while other tobacco products move to 20%. This creates a distinct, product-wise GST treatment.
The notification replaces cess rates with “Nil” across extensive Schedule entries. The key takeaway is the effective withdrawal of Compensation Cess on the listed goods starting 1 February 2026.
The government has decided to keep small savings interest rates unchanged for January–March 2026. The move ensures stability and predictability for investors relying on these schemes.
It was held that identity and address verification lies with the entity last uploading KYC data to CKYCR. AIFIs relying on compliant records need not repeat verification but remain responsible for all other CDD requirements.
The regulator held that identity and address verification rests with the entity last uploading KYC data to CKYCR. Local area banks relying on valid records need not re-verify, while remaining responsible for all other CDD requirements.
The regulator held that identity and address verification lies with the last entity uploading KYC data to CKYCR. Payments banks relying on valid records need not repeat verification, while retaining responsibility for other CDD requirements.
The regulator held that identity and address verification rests with the last entity uploading KYC data to CKYCR. Rural banks relying on valid records need not repeat verification, though full CDD responsibility otherwise continues.
The regulator held that the bank last uploading or updating KYC data in CKYCR is responsible for identity and address verification. Other banks may rely on such records without re-verification, streamlining compliance while retaining broader CDD accountability.
