RBI circular allows Authorised Dealer banks to permit the investment of surplus funds in Special Rupee Vostro Accounts into non-convertible debentures/bonds and commercial papers.
IBBI suspended a registered valuer for six months after finding inconsistent reasons for excluding an asset from a liquidation valuation report, citing a lack of professional judgment.
RBI allows non-residents with Special Rupee Vostro Accounts to invest surplus rupees in corporate debt securities and commercial papers.
GST Council’s move to two slabs (5%, 18%) makes consumers happy but burdens traders with lakh crore of high-taxed inventory. Relief on revised MRP labels is out, but government is yet to notify rules for credit notes on excess GST paid on existing stock, leaving businesses facing potential losses.
RBI released draft directions for REs on related-party lending, proposing materiality thresholds, new exemptions, and enhanced reporting. Comments due by Oct 31, 2025.
Key regulatory deadlines for October-December 2025 across GST, Income Tax (TDS/TCS, Advance Tax), ESI/PF, Companies Act (MCA), SEBI, and FEMA compliances.
MP High Court rules an Advance Ruling (AAR) against one GSTIN holder cannot bind an independent business, even under the same brand, citing Section 103 of the CGST Act.
Madras High Court mandates the disposal of a GST rectification application under Section 161 within three months, enforcing the statutory time limit of six months.
Bombay HC rules writ petitions under Article 226 cannot be used to bypass the maximum four-month limitation period for GST appeals under Section 107 of the CGST Act.
DGFT amends rice export policy, exempting the Certificate of Inspection (COI) requirement for all European countries, excluding EU, UK, and four others, for six months.
