Effective October 10, 2024, GST became payable under Reverse Charge Mechanism (RCM) when a registered person rents a commercial property from an unregistered person.
IFSCA’s 24th meeting greenlights frameworks for Transition Bonds, Third-Party Fund Management Services, TechFin, and new regulation-making processes. IFSCA also joins IOPS as a Governing Member.
SEBI’s consultation paper outlines proposals to enhance governance for Market Infrastructure Institutions (MIIs), focusing on executive appointments, roles, and directorship norms.
SEBI seeks public comments on proposals to expand accreditation agencies to all KRAs and allow provisional onboarding of accredited investors by AIF managers.
HDB Financial Services Limited, a leading retail-focused NBFC and a subsidiary of HDFC Bank, is set to open its ₹12,500 crore IPO for subscription from June 25 to June 27, 2025.
DGFT updates import policy to restrict iridium, osmium, and ruthenium alloys containing over 1% gold by weight under ITC (HS) Chapter 71.
DGFT renames Silk & Rayon Textiles Council to MATEXIL under FTP 2023 for issuing Non-Preferential Certificates of Origin. Contact details also revised.
SEBI mandates updated NISM certifications for key staff in AIFs. Category-wise exams required by July 31, 2025. Older May 2024 notification rescinded.
A protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Oman came into force on May 28, 2025. This notification outlines changes to tax rates, definitions, and introduces provisions for non-discrimination and enhanced information exchange.
The Allahabad High Court granted bail to accused individuals in a GST fake invoice case, citing reliance on confessional statements, lack of conclusive evidence, and trial delays.
