Daily Intelligence Capsule — 30 October 2026
Live EditionFriday, 30 October 2026GST Updates
Three Weeks Ago the GST Council Only Recommended This. From Tomorrow, It's Law.
Notification No. 03/2026-Central Tax brings Sections 153-155 of the Finance Act, 2026 into force from 1 November 2026 -- easier post-sale discount treatment, 90% provisional refunds for inverted duty structure, and the Rs.1,000 export-refund floor removed.
Read the briefingCBIC Finally Puts the Rule 96(10) Question in Writing
Two Months After the Supreme Court Settled It
Circular No. 264/10/2026-GST confirms Rule 96(10)'s omission applies retrospectively from 23 Oct 2017, directing field officers that pending refund-denial proceedings on this ground do not survive.
Read: Two Months After the Supreme Court Settled ItYour GST Appeal Succeeded. Here's Exactly When
and How Fast — You Actually Get the Pre-Deposit Back
Circular No. 259/05/2026-GST clarifies six questions on Section 107(6)/112(8) pre-deposit computation and refund, including that a Department appeal alone cannot block the refund absent a stay.
Read: and How Fast — You Actually Get the Pre-Deposit Back