The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and improved tax buoyancy.
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.
DGFT revised the RoDTEP schedule to reflect amendments in the Customs Tariff Act. The update ensures consistency between export incentives and tariff classifications.
CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 2026.
CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance Act, 2026.
CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 2026, from May 1.
CBIC has amended a Customs (CVD) notification to revise tariff item codes in line with Finance Act, 2026 changes, effective May 1, 2026.
CBIC has amended multiple Customs (ADD) notifications to revise tariff item codes in line with changes introduced under the Finance Act, 2026, from May 1.
Notification No. 21/2026-Central Excise revises the RIC rate on exports of high-speed diesel oil outside India to Nil, effective May 1, 2026.
