CBIC issues new instructions standardising GST registration, limiting documents and queries for officers, and setting up a grievance redressal mechanism.
SEBI revises disclosure and compliance rules for REITs, focusing on financial transparency and reporting updates as per a working group’s recommendations.
CBDT revises ITR-V and Acknowledgement forms for AY 2025-26, effective April 1, 2025, with updated verification and filing instructions.
CBIC’s Instruction No. 03/2025-GST streamlines GST registration, standardizes documentation, and reduces arbitrary queries to ease compliance for businesses.
SEBI circular dated May 7, 2025, revises norms for financial disclosures in InvIT offer documents and continuous compliance, effective immediately.
DGFT Public Notice No. 06/2025-26 amends SION A-1294, changing allowed import item from ‘Ethanol’ to ‘Denatured Ethyl Alcohol’ for Di-Ethyl Phthalate exports.
Payments from approved Provident Funds are generally exempt under Section 10(11) of the Income Tax Act, but recent changes tax interest on high contributions.
Gujarat High Court dismisses tax department appeal, rules simultaneous penalties under Sections 76 and 78 of Finance Act, 1994, not permissible.
Bombay High Court quashes Assistant Commissioner’s order refusing GST refund compliance, rules subordinate officers must follow appellate authority directives.
Bombay High Court sets aside tax order against Viacom 18, ruling that tax officers must follow earlier appellate decisions on taxing TV channel subscription fees.
