Section 43
News & updates
Rules change every month. Here is what changed for small businesses, when, who it affects and the official notice, newest first.
- changes recorded
- 52
- kinds
- 11
- latest
- 8 October 2026
October 2026
- 8 October 2026GST
GST Council: easier registration for e-commerce sellers, late-fee relief up to ₹5 crore
The Council recommended a new rule 14B so small sellers can register in another state using an e-commerce platform's warehouse as their place of business, and automatic acceptance of most registration changes and cancellations. It also recommended waiving the late fee on a GST return if a business with turnover up to ₹5 crore files it by the end of the month in which it was due. These need notifications before they take effect.
Who it affects: Small sellers on e-commerce platforms and businesses with turnover up to ₹5 crore.
GST basics for a small business →Official notice: Press Information Bureau, Government of India ↗ - 8 October 2026GST
GST Council proposes no arrests, lower penalties and no notices under ₹10,000
The 57th GST Council recommended removing arrest powers (section 69), raising the prosecution threshold from ₹1 crore to ₹5 crore and cutting the maximum general penalty from ₹25,000 to ₹10,000. No show-cause notice would be issued where the tax involved is under ₹10,000. These are recommendations; they apply only after the law and rules are amended.
Who it affects: Every GST-registered business, especially small traders facing small-value notices.
GST basics for a small business →Official notice: Press Information Bureau, Government of India ↗ - 8 October 2026GST
GST Council backs an annual-return, quarterly-payment option for small shops
The Council approved in principle a concept note for an optional Annual Return Quarterly Payment (ARQP) scheme. It is meant for taxpayers with turnover up to ₹5 crore in the previous year who sell only to unregistered buyers (B2C). The detailed scheme and its start date are yet to be notified.
Who it affects: Shops, restaurants and other consumer-facing businesses with turnover up to ₹5 crore.
GST basics for a small business →Official notice: Press Information Bureau, Government of India ↗ - 7 October 2026RBI and banking
RBI raises repo rate by 0.25% to 5.50%
The RBI's Monetary Policy Committee raised the policy repo rate from 5.25% to 5.50% and changed its stance to 'calibrated tightening'. The RBI said rate cuts are off the table in the near term. Loans linked to the repo rate can become costlier as banks pass this on.
Who it affects: Businesses with floating-rate bank loans, working capital limits or plans to borrow.
Banking & Finance →Official notice: Reserve Bank of India ↗
September 2026
- 30 September 2026Export and import
RoDTEP export rebate extended to 31 December 2026
DGFT Notification 41/2026-27 extended the RoDTEP scheme up to 31 December 2026. Rates in Appendix 4R and 4RE as on 30 September 2026 continue unchanged. Exporters should check the notification for their product line.
Who it affects: Exporters of goods who claim RoDTEP on shipping bills.
Related page →Official notice: TaxGuru (reproduction of DGFT notification) ↗ - 28 September 2026Income tax
Tax audit report due date moved to 21 October 2026; audited ITR to 21 November
CBDT Circular 07/2026 extended the date for the tax audit report for assessment year 2026-27 from 30 September to 21 October 2026. The income-tax return date for businesses that need an audit moved from 31 October to 21 November 2026.
Who it affects: Businesses and professionals whose accounts must be audited for FY 2025-26.
Building Business Compliance →Official notice: Central Board of Direct Taxes, Income Tax Department ↗ - 22 September 2026RBI and banking
Exporters must bring payment home in 9 months, not 15, from 1 October 2026
RBI amended the new export-import regulations so that export value must be realised and brought to India within nine months of shipment or invoice, down from fifteen months. For exports invoiced or settled in Indian rupees the limit is twelve months, down from eighteen. The regulations came into force on 1 October 2026.
Who it affects: All exporters of goods and services, including small exporters on credit terms.
Import & Export →Official notice: Reserve Bank of India ↗ - 21 September 2026Export and import
India–New Zealand FTA to come into force on 20 October 2026
Commerce Minister Piyush Goyal announced that the India–New Zealand Free Trade Agreement comes into force on 20 October 2026. He said it gives duty-free access to New Zealand for 100% of Indian exports. Exporters need a preferential certificate of origin to claim the lower duty.
Who it affects: Exporters selling or planning to sell to New Zealand.
Import & Export →Official notice: News On AIR (Prasar Bharati) ↗ - 21 September 2026New scheme
Chhattisgarh notifies Export Promotion Policy 2026-30
Chhattisgarh notified its Export Promotion Policy on 21 September 2026; it runs till 31 March 2030. It offers first-time exporters 75% of RCMC and registration costs (up to ₹20,000) and pays part of ECGC premium and e-commerce onboarding costs. Operational guidelines are still to be issued.
Who it affects: MSMEs and first-time exporters located in Chhattisgarh.
Related page →Official notice: Commerce & Industry Department, Government of Chhattisgarh ↗
August 2026
- 12 August 2026New scheme
Mizoram notifies guidelines to claim industrial subsidies under IIP 2025
Mizoram notified implementation guidelines on 12 August 2026 for its Industrial and Investment Policy 2025, valid for five years. Units can now claim subsidies such as 5% interest subsidy on term loans (up to ₹10 lakh a year for 5 years), land and factory building subsidies and power and water subsidies.
Who it affects: MSMEs and new industrial units in Mizoram.
Related page →Official notice: Commerce & Industries Department, Government of Mizoram ↗ - 11 August 2026MSME
Parliament passes MSMED Amendment: faster payment disputes, TReDS, voluntary registration
The MSME Development (Amendment) Bill, 2026 was passed by Parliament in August 2026. It classifies MSMEs by investment and turnover, makes registration free and voluntary on a national platform, sets 90-day limits for mediation and for arbitral awards, lets unpaid awards be recovered as arrears of land revenue, and requires all CPSEs to settle MSME invoices through TReDS. The government will notify the date(s) from which each part applies.
Who it affects: All MSMEs, especially suppliers waiting on delayed payments, and their buyers.
Related page →Official notice: Press Information Bureau, Government of India ↗
July 2026
- 29 July 2026New scheme
Haryana launches Progressive MSME & Export Promotion Policy 2026
Haryana notified its Progressive MSME & Export Promotion Policy on 29 July 2026 for five years. It offers capital subsidy of 15–30% (up to ₹2–4 crore), interest subsidy of 5–7% on term loans, net SGST reimbursement for 7 years and help for first-time exporters. Scheme guidelines are to follow.
Who it affects: MSMEs and exporters setting up or expanding in Haryana.
Related page →Official notice: Department of Industries & Commerce, Government of Haryana ↗ - 15 July 2026New scheme
Cabinet approves Semicon 2.0 with ₹1,27,500 crore outlay
The Union Cabinet approved Semicon 2.0, a ₹1,27,500 crore programme for chip design and manufacturing. It also plans incentives for firms making semiconductor machines, materials, chemicals and gases. Scheme guidelines and application windows are still to be issued.
Who it affects: Chip-design startups and suppliers of materials, chemicals, gases and equipment.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 15 July 2026Export and import
India–UK trade agreement (CETA) comes into effect
The India–UK Comprehensive Economic and Trade Agreement has come into effect. The UK gives zero-duty access to nearly 99% of India's exports, including textiles, leather, footwear, jewellery and food products. Exporters need a preferential certificate of origin to claim it.
Who it affects: Exporters selling to the UK, especially labour-intensive MSME sectors.
Import & Export →Official notice: Press Information Bureau, Government of India ↗
June 2026
- 30 June 2026MSME
All central PSUs must pay MSME invoices through TReDS
The Ministry of MSME notified on 30 June 2026 that all operating Central Public Sector Enterprises must settle invoices for goods and services bought from MSMEs through RBI-authorised TReDS platforms. CPSEs must also disclose these invoices and get an auditor's certificate. MSME suppliers can then discount approved invoices for early cash without collateral.
Who it affects: MSMEs that supply to central PSUs.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 23 June 2026RBI and banking
RBI issues new TReDS Directions, 2026
RBI issued the Trade Receivables Discounting System Directions, 2026, effective immediately. They replace the earlier TReDS guidelines and set the rules for platforms, buyers and financiers. In April 2026 RBI had proposed dropping the due-diligence step for MSMEs joining TReDS.
Who it affects: MSME sellers, corporate buyers and banks or NBFCs using TReDS.
Related page →Official notice: Reserve Bank of India ↗ - 1 June 2026Export and import
India–Oman CEPA comes into force
The India–Oman Comprehensive Economic Partnership Agreement, signed on 18 December 2025, came into force on 1 June 2026. Oman gives duty-free access on 98.08% of its tariff lines, covering 99.38% of India's export value, from day one.
Who it affects: Exporters selling to Oman and the wider Gulf region.
Import & Export →Official notice: News On AIR (Prasar Bharati) ↗
April 2026
- 30 April 2026Scheme closed
EPFO's Employees' Enrolment Scheme 2025 window closed on 30 April 2026
The six-month window to declare and enrol left-out employees under the Employees' Enrolment Scheme 2025 ran from 1 November 2025 to 30 April 2026. Employers who did not use it no longer get the ₹100 lump-sum penal damage or the waiver of the employee's share.
Who it affects: Employers who had not enrolled eligible staff in EPF.
Hiring your first people →Official notice: Press Information Bureau, Government of India ↗ - 13 April 2026New scheme
Startup India Fund of Funds 2.0 notified with ₹10,000 crore
After Cabinet approval on 14 February 2026, the government notified Startup India Fund of Funds 2.0 with a ₹10,000 crore corpus. It invests through SEBI-registered AIFs in deep-tech, early-growth and innovative manufacturing startups. SIDBI is the implementing agency from the date of notification.
Who it affects: DPIIT-recognised startups seeking venture capital, and the funds that back them.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 8 April 2026RBI and banking
RBI proposes to drop due-diligence step for MSMEs joining TReDS
In its April 2026 policy statement, RBI proposed to remove the requirement of due diligence of MSMEs when they are onboarded on TReDS platforms. The aim is to make it easier for small suppliers to start discounting their invoices.
Who it affects: MSMEs that want to sell invoices on TReDS.
Related page →Official notice: Reserve Bank of India ↗ - 2 April 2026Company law
Parliament passes Jan Vishwas Bill 2026 to decriminalise minor business offences
Parliament passed the Jan Vishwas (Amendment of Provisions) Bill, 2026 when the Rajya Sabha approved it on 2 April 2026, a day after the Lok Sabha. It amends several central laws to replace jail terms for minor and procedural lapses with civil penalties.
Who it affects: Business owners who deal with central licences, filings and inspections.
Official notice: News On AIR (Prasar Bharati) ↗ - 1 April 2026Income tax
New Income-tax Act, 2025 comes into force
The Income-tax Act, 2025 replaced the Income-tax Act, 1961 from 1 April 2026. Tax year 2026-27 is the first year under the new law; many sections and forms have new numbers, but filing dates and the ₹10,000 advance-tax threshold stay the same.
Who it affects: Every taxpayer, including proprietors, firms, LLPs and companies.
Building Business Compliance →Official notice: Central Board of Direct Taxes, Income Tax Department ↗
March 2026
- 31 March 2026Scheme changed
RoSCTL for apparel and made-up exporters extended to 30 September 2026
The Ministry of Textiles notified on 31 March 2026 that the RoSCTL scheme continues up to 30 September 2026. Garment and made-up exporters keep getting rebates of embedded state and central taxes on their exports.
Who it affects: Exporters of garments and textile made-ups.
Related page →Official notice: The Cotton Textiles Export Promotion Council (TEXPROCIL) ↗ - 31 March 2026Export and import
₹10 lakh limit per courier export consignment removed from 1 April 2026
As announced in Budget 2026-27, CBIC amended the courier regulations (Notifications 33 and 34/2026-Customs (N.T.)) to remove the ₹10 lakh value cap per commercial export consignment sent by courier. It also set up a simpler process for returned and rejected parcels.
Who it affects: E-commerce exporters, artisans and small businesses shipping abroad by courier.
Related page →Official notice: The Tribune (ANI) ↗ - 31 March 2026Scheme closed
Credit Guarantee Scheme for Exporters reached its stated end date
The Department of Financial Services said the Credit Guarantee Scheme for Exporters was valid till 31 March 2026 or until ₹20,000 crore of guarantees were issued, whichever came first. We found no extension notice; exporters should ask their bank whether cover is still available.
Who it affects: Exporters who planned to borrow under CGSE.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 30 March 2026Income tax
Finance Act 2026: non-audit business ITR due 31 August; revised return window 12 months
The Finance Act, 2026 moved the return due date for business and professional income without audit from 31 July to 31 August. It also extended the time to file a revised return from 9 to 12 months after the tax year ends, with a fee for revisions after 9 months.
Who it affects: Proprietors and partners filing ITR-3 or ITR-4 without a tax audit; anyone revising a return.
Building Business Compliance →Official notice: Ministry of Law and Justice, Gazette of India ↗ - 21 March 2026Scheme changed
Machinery loan guarantee scheme (MCGS-MSME) widened to services and exporters
The Mutual Credit Guarantee Scheme for MSMEs, which gives 60% guarantee cover on loans up to ₹100 crore for machinery, was modified. Service-sector MSMEs are now eligible, the machinery share of project cost is cut from 75% to 60%, and the 5% upfront contribution becomes refundable from the 4th year. Exporters get special terms, including a 2% upfront contribution.
Who it affects: MSMEs, including service firms and exporters, buying plant and machinery on loan.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 20 March 2026Income tax
Income-tax Rules, 2026 notified; TDS forms renumbered
CBDT notified the Income-tax Rules, 2026 (G.S.R. 198(E)) under the new Act, in force from 1 April 2026. TDS forms got new numbers: Form 24Q is now Form 138, Form 26Q is Form 140, Form 16 is Form 130 and Form 16A is Form 131. Quarters up to January–March 2026 are still filed on the old forms.
Who it affects: Every business that deducts TDS on salaries, rent, contracts or professional fees.
Building Business Compliance →Official notice: Income Tax Department ↗ - 8 March 2026New scheme
Punjab notifies Industrial and Business Development Policy 2026
Punjab notified IBDP 2026 on 8 March 2026, replacing IBDP 2022 for new applications. It offers capital subsidy up to 20% of fixed capital investment (max ₹10 crore), 75% net SGST reimbursement, full stamp duty and electricity duty exemption, and 100% reimbursement of the CGTMSE fee for MSEs (up to ₹3 lakh a year).
Who it affects: New and expanding industrial units, including MSMEs, in Punjab.
Related page →Official notice: Government of Punjab (via Invest India) ↗
February 2026
- 28 February 2026Income tax
Maharashtra eases profession tax registration and return filing for employers
A Maharashtra government notification of 28 February 2026, explained in MahaGST Trade Circular 01T of 2026, relaxed registration and return filing under the profession tax law. Annual filers and the March return are now due by 15 March of the same financial year.
Who it affects: Employers registered for profession tax (PTRC) in Maharashtra.
Building Business Compliance →Official notice: Department of Goods and Services Tax, Government of Maharashtra ↗ - 9 February 2026RBI and banking
Collateral-free bank loans for micro and small units doubled to ₹20 lakh
RBI amended its Master Direction on MSME lending on 9 February 2026. Banks must not take collateral for loans up to ₹20 lakh to micro and small enterprises (earlier ₹10 lakh), and may go up to ₹25 lakh for units with a good track record. The same ₹20 lakh limit applies to PMEGP loans.
Who it affects: Micro and small enterprises borrowing from banks, including PMEGP borrowers.
Related page →Official notice: Reserve Bank of India ↗ - 6 February 2026Export and import
India–US trade framework: US tariff on Indian goods set at 18%
India and the US announced a framework for an Interim Trade Agreement. The US will apply a reciprocal tariff of 18% on originating Indian goods, and the extra 25% duty was removed from 7 February 2026. The full interim agreement is still being finalised.
Who it affects: Exporters to the US, especially textiles, leather, chemicals and engineering goods.
Import & Export →Official notice: The White House ↗ - 5 February 2026Scheme changed
Startup recognition: turnover limit raised to ₹200 crore; deep-tech category added
DPIIT revised the startup recognition rules. The turnover limit rose from ₹100 crore to ₹200 crore, a new Deep Tech Startup category allows up to 20 years of age and ₹300 crore turnover, and cooperative societies can now be recognised.
Who it affects: Startups, deep-tech ventures and cooperatives seeking DPIIT recognition.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 1 February 2026Budget
Budget 2026-27: TReDS made the route for CPSE purchases, with CGTMSE cover
The Budget proposed making TReDS the settlement platform for all MSME purchases by central PSUs, CGTMSE guarantee support for invoice discounting on TReDS, linking GeM with TReDS, and treating TReDS receivables as asset-backed securities. The CPSE mandate was notified on 30 June 2026.
Who it affects: MSMEs selling to PSUs, government buyers and large companies.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 1 February 2026Budget
Budget 2026-27: ₹10,000 crore SME Growth Fund and ₹2,000 crore more for SRI Fund
The Union Budget 2026-27 announced a dedicated ₹10,000 crore SME Growth Fund to give equity support to promising MSMEs. It also adds ₹2,000 crore to the Self-Reliant India Fund set up in 2021 for micro enterprises. Eligibility rules for the new fund are yet to be published.
Who it affects: Growing MSMEs that need equity rather than loans.
Banking & Finance →Official notice: Press Information Bureau, Government of India ↗ - 1 February 2026Budget
Budget 2026-27: 'Corporate Mitras' to help MSMEs with compliance at low cost
The Budget asked ICAI, ICSI and ICMAI to design short modular courses to train a cadre of accredited para-professionals called 'Corporate Mitras', especially in Tier-II and Tier-III towns. They are meant to help MSMEs meet compliance requirements at affordable cost.
Who it affects: Small businesses in smaller towns that struggle with filings and compliance.
Building Business Compliance →Official notice: Press Information Bureau, Government of India ↗
January 2026
- 27 January 2026Export and import
India–EU free trade agreement talks concluded
India and the European Union concluded negotiations on a free trade agreement on 27 January 2026. Once in force, 70.4% of EU tariff lines covering 90.7% of India's exports, including textiles, leather, footwear, tea, spices and jewellery, get immediate duty elimination. The agreement still has to be signed and ratified before it applies.
Who it affects: Exporters selling or planning to sell to EU countries.
Import & Export →Official notice: Press Information Bureau, Government of India ↗ - 13 January 2026RBI and banking
RBI issues new export-import foreign exchange regulations, in force 1 October 2026
RBI notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, replacing the 2016 export rules from 1 October 2026. They cover export declarations, realisation periods and closing of entries; banks can close export or import entries of up to ₹10 lakh on the trader's declaration.
Who it affects: Exporters and importers of goods and services and their banks.
Import & Export →Official notice: Reserve Bank of India ↗
December 2025
- 31 December 2025GST
GST compensation cess on tobacco and pan masala replaced from 1 February 2026
The government notified 1 February 2026 as the date from which additional excise duty applies on tobacco products and a new cess applies on pan masala. These levies are over and above GST and replace the GST compensation cess on these goods.
Who it affects: Makers, distributors and retailers of tobacco products and pan masala.
Official notice: News On AIR (Prasar Bharati) ↗ - 31 December 2025Company law
Director KYC moves from every year to once in three years
MCA notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2025 on 31 December 2025, in force from 31 March 2026. DIR-3 KYC is now due by 30 June once every three financial years instead of every 30 September; directors whose KYC was up to date are next due by 30 June 2028. Changes in mobile, email or address must still be reported within 30 days.
Who it affects: Directors of companies and designated partners of LLPs holding a DIN.
Building Business Compliance →Official notice: The Institute of Chartered Accountants of India ↗ - 31 December 2025New scheme
Chandigarh notifies startup policy guidelines: seed grants up to ₹7 lakh
Chandigarh notified the operational guidelines of its Startup Policy 2025 on 31 December 2025. Startups can now apply for seed grants of up to ₹7 lakh and early-growth grants of up to ₹12 lakh (20 startups a year each), with ₹2 lakh extra for women-led or transgender-led startups.
Who it affects: Early-stage startups based in Chandigarh.
Related page →Official notice: Chandigarh Administration ↗ - 5 December 2025RBI and banking
RBI cuts repo rate by 0.25% to 5.25%
The RBI's Monetary Policy Committee cut the policy repo rate from 5.50% to 5.25% and kept a neutral stance. The rate then stayed at 5.25% through the February, April, June and August 2026 reviews. Repo-linked business loans could get cheaper as banks passed the cut on.
Who it affects: Businesses with floating-rate bank loans.
Banking & Finance →Official notice: Reserve Bank of India ↗ - 1 December 2025Company law
Small company limits raised to ₹10 crore capital and ₹100 crore turnover
MCA amended the Companies (Specification of Definition Details) Rules. A company now counts as a 'small company' if its paid-up capital is up to ₹10 crore and turnover up to ₹100 crore, up from ₹4 crore and ₹40 crore. Small companies have lighter filing and audit-related requirements.
Who it affects: Private limited companies that are not holding or subsidiary companies.
Official notice: The Tribune ↗
November 2025
- 21 November 2025Labour
Four labour codes come into force, replacing 29 labour laws
The Code on Wages, the Industrial Relations Code, the Code on Social Security and the Occupational Safety, Health and Working Conditions Code came into force on 21 November 2025. They require appointment letters, universal minimum wages and social security for gig, platform and migrant workers. Detailed central and state rules are being notified in stages.
Who it affects: Every employer, from small shops and workshops to factories.
Hiring your first people →Official notice: Press Information Bureau, Government of India ↗ - 12 November 2025MSME
Jharkhand MSME (Special Concession) Act 2025 notified
Jharkhand published the MSME (Special Concession) Act, 2025 in its gazette on 12 November 2025. It gives MSMEs a route to start without some state approvals. The exemption schedule is in the Hindi gazette text; check it with the District Industries Centre before relying on it.
Who it affects: New and existing MSMEs in Jharkhand.
States & districts →Official notice: Government of Jharkhand ↗ - 12 November 2025New scheme
Cabinet approves ₹25,060 crore Export Promotion Mission
The Cabinet approved the Export Promotion Mission with ₹25,060 crore for FY 2025-26 to FY 2030-31. Niryat Protsahan covers trade finance such as interest subvention, export factoring and collateral support; Niryat Disha covers quality, branding, trade fairs and logistics. DGFT runs it on a digital platform.
Who it affects: MSME exporters, first-time exporters and labour-intensive sectors.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 12 November 2025New scheme
Credit Guarantee Scheme for Exporters: up to ₹20,000 crore collateral-free credit
The Cabinet approved a scheme under which NCGTC gives lenders 100% guarantee cover for up to ₹20,000 crore of extra collateral-free credit to exporters, including MSMEs. It became operational on 1 December 2025 with no guarantee fee, and was valid till 31 March 2026 or until the ₹20,000 crore was used.
Who it affects: Direct and indirect exporters needing extra working capital.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 4 November 2025Scheme changed
Third round (PLI 1.2) of specialty steel incentive scheme opens
The Ministry of Steel launched the third round of the PLI scheme for specialty steel, covering 22 product sub-categories. Incentives of 4% to 15% apply for five years from FY 2025-26, with the base year updated to FY 2024-25. MoUs for 85 projects were signed on 9 February 2026.
Who it affects: Steel makers investing in alloy, coated and other specialty grades.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 1 November 2025Labour
EPFO opens six-month window to enrol left-out workers with ₹100 penalty
The Employees' Enrolment Scheme 2025 opened on 1 November 2025 for six months. Employers could declare staff who joined between 1 July 2017 and 31 October 2025 but were never enrolled in EPF; the employee's share is waived if it was not deducted, and penal damages are only ₹100.
Who it affects: Employers with staff not yet covered under EPF.
Hiring your first people →Official notice: Press Information Bureau, Government of India ↗
October 2025
- 31 October 2025GST
GST registration in 3 working days for small businesses (Rule 14A)
From 1 November 2025, applicants whose output tax on B2B supplies will not exceed ₹2.5 lakh a month can opt for registration under new rule 14A, granted electronically within three working days after Aadhaar authentication. A new rule 9A also gives low-risk applicants identified by the portal registration within three working days.
Who it affects: New businesses applying for GST, especially small B2B and B2C sellers.
GST basics for a small business →Official notice: Directorate of Commercial Taxes, Government of West Bengal ↗ - 9 October 2025Scheme changed
PLI for textiles eased: minimum investment halved, more products added
The Ministry of Textiles amended the PLI scheme for MMF apparel, MMF fabrics and technical textiles. For new applicants the minimum investment fell from ₹300 crore to ₹150 crore (Part-1) and from ₹100 crore to ₹50 crore (Part-2), the incremental turnover test dropped from 25% to 10%, and 17 new HSN codes were added. The application portal was later kept open till 31 March 2026.
Who it affects: Textile manufacturers planning large investments in MMF or technical textiles.
Related page →Official notice: Press Information Bureau, Government of India ↗ - 1 October 2025Export and import
India–EFTA trade agreement (TEPA) comes into effect
The Trade and Economic Partnership Agreement with Switzerland, Norway, Iceland and Liechtenstein, signed on 10 March 2024, took effect on 1 October 2025. EFTA offers concessions on 92.2% of its tariff lines, covering 99.6% of India's exports to it, including all non-farm products.
Who it affects: Exporters selling to Switzerland, Norway, Iceland and Liechtenstein.
Import & Export →Official notice: Press Information Bureau, Government of India ↗