The central bank has proposed sweeping changes to foreign exchange risk computation, standardising Net Open Position methodology and capital charges across regulated entities to match global Basel standards.
The 2026 amendment clarifies that rating agencies may undertake activities and ratings under other financial regulators’ frameworks. It also confirms that such ratings will be governed and supervised by the respective sectoral authority.
Authorities detected large-scale ITC fraud involving invoices without actual supply of goods. The arrests signal strict enforcement against GST credit misuse.
High Courts are declining to entertain GST writs now that GSTAT is operational. Taxpayers must pursue statutory appeals, with courts granting limited transition relief to avoid hardship.
The Tribunal held that an intimation making large additions without giving adequate opportunity violates principles of natural justice. The matter was remanded for fresh adjudication.
The High Court held that directing unilateral cancellation of a registered agreement was erroneous. Execution must follow lawful procedures under RERA and civil law principles.
The High Court held that challenges to GST assessment orders must be pursued through statutory appeals. Failure to reply to a show cause notice bars writ relief.
The ruling confirms that a private financier does not fall under Article 12. Recovery disputes over gold loans are outside the scope of writ jurisdiction.
The High Court held that writ petitions cannot be entertained against a private finance company. Disputes arising from private loan transactions must be resolved through civil or arbitral remedies.
The Court upheld exemption from customs duty and AIDC for consignments landing by 30 June 2023 with qualifying Bills of Lading. Refunds were directed as per law.
