SEBI proposes new rules mandating MIIs appoint additional executive directors to their boards to oversee critical operations and regulatory functions.
CBIC has released new notifications on September 17, 2025, to update CGST rates on goods, exemptions, and compensation cess rates for various products.
NCLT Mumbai held that application u/s. 9 of IBC for initiation of Corporate Insolvency Resolution Process [CIRP] against M/s. Kute Sons Dairys Limited [Corporate Debtor] admitted as debt and default thereon established.
Orissa High Court held that contractual dispute cannot be tainted with criminality. Accordingly, pre-arrest bail granted to the company liquidator [petitioner] since insolvency proceedings are pending before NCLT.
GST on renewable energy cut from 12% to 5% from Sept 22, 2025, lowering solar costs, benefiting households, farmers, manufacturers, and clean energy projects.
Karnataka High Court held that any officer below the rank of Joint Commissioner cannot by himself inspect the premises of any taxable person without authorization from the Joint Commissioner in term of section 67 of the CGST Act.
Calcutta High Court held that cancellation of GST registration with retrospective effect on the basis of vague show cause notice not furnishing any details is not in accordance with law. Accordingly, writ petition is allowed and orders cancelling registration set aside.
The EPFO has simplified its approval process for exceptional transactions, delegating authority to lower-level officials to streamline financial and account-related tasks.
The EPFO now allows members to download their Annexure K transfer certificate directly from the Member Portal, making it easier to track PF transfers.
Nagpur Chamber of Commerce requests a two-month extension for audit assessees’ income tax returns, citing delayed ITR forms, portal issues, and upcoming festivals.
