Frequently Asked Questions (FAQs) for Health Security se National Security (HSNS) Cess Act, 2026 and HSNS Cess Rules, 2026 Posted On: 02 JAN 2026 5:03PM by PIB Delhi Q1. Who is required to get registered under the HSNS Cess Rules? Ans. Every taxable person as per section 3 of the Health Security se National Security Cess Act, 2025… Read More »
Government Notifies Health Security se National Security Cess Rules, 2026 The Central Government has established a comprehensive framework for the implementation of the Health Security se National Security Cess Act, 2025. The key details of the newly notified rules are as follows: Notification & Effective Date: Notified By: Ministry of Finance, Department of Revenue via… Read More »
Income Tax Department Releases Excel Utilities for Updated ITRs (AY 2025-26) Release of Utilities: The Income Tax Department has officially released the Excel Utilities for filing Updated Income Tax Returns (ITRs) for Assessment Year 2025-26. Effective Date: These utilities were enabled on January 01, 2026. Coverage: The new utilities cover all ITR forms, specifically… Read More »
Madras HC: No GST on Corporate Guarantees Without Consideration if Recipient is Eligible for Full ITC Amman Try Trading Company Private Limited v. State Tax Officer – V (Roving Squad) Madras High Court October 06, 2025 Summary of the Ruling: The Madras High Court quashed a GST demand levied on a corporate guarantee provided without… Read More »
December 2025 GST Collections: Modest Growth Amidst Rate Cuts Total Collections: India’s gross Goods and Services Tax (GST) revenue for December 2025 reached ₹1,74,550 crore, marking a year-on-year growth of 6.1%. Impact of Reforms: The subdued growth rate is attributed to significant tax rate cuts across various sectors that came into effect on September… Read More »
Tobacco Excise Overhaul: Capacity-Based Levy and Revised Rates Effective Feb 2026 1. Capacity-Based Levy Reintroduced Section 3A Notification: The government has notified chewing tobacco, Jarda scented tobacco, and Gutkha under Section 3A of the Central Excise Act, 1944. This mandates that excise duty for these products will be levied based on the production capacity of… Read More »
Zero Compensation Cess: Major Shift for Pan Masala & Tobacco Government Notification Issued The Central Government, through Notification No. 03/2025-Compensation Cess (Rate) dated December 31, 2025, has officially notified the reduction of the Goods and Services Tax (Compensation to States) Cess to “Nil” for specified pan masala and tobacco products. Effective Date This new “Nil”… Read More »
Government Notifies CGST (Fifth Amendment) Rules, 2025: Introduction of Retail Sale Price-Based Valuation 1. Introduction of Rule 31D for Valuation New Valuation Method: A new Rule 31D has been inserted into the CGST Rules, 2017. Basis of Valuation: For notified goods, the value of supply shall be deemed to be the Retail Sale Price (RSP)… Read More »
Tobacco GST Overhaul: Rates Rationalised from Feb 2026 New GST Rate for Biris The notification includes Biris falling under tariff headings 2403 19 21 and 2403 19 29 in Schedule II, attracting a GST rate of 9%. Major Additions to the 20% Tax Slab Several tobacco and related products have been moved to Schedule III,… Read More »
New National Security & Health Cess Act Enforced from February 2026 Official Enforcement Date The Central Government has officially notified that the provisions of the Health Security se National Security Cess Act, 2025 will come into force starting February 1, 2026. Legislative Background This enforcement follows Notification No. F. No. 25014/2/2025-DS(ST)-DOR(Pt.5) issued by the… Read More »