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Archive: June, 2026

Posts in June, 2026

No Investor Protection for Unlisted Securities Trades on Unauthorized Platforms: SEBI

June 17, 2026 357 Views 0 comment Print

SEBI cautioned investors against trading unlisted public company securities on electronic platforms that are not recognized by the regulator. It reiterated that only recognized stock exchanges are authorized to facilitate securities trading.

GSTN Updates e-Invoice & e-Way Bill APIs: Ship-to GSTIN Mandatory, Voluntary EWB Closure

June 17, 2026 3600 Views 0 comment Print

GSTN has made Ship-to GSTIN conditionally mandatory in specified e-Invoice and e-Way Bill workflows. The change introduces stricter validations to improve data accuracy and compliance from 1 August 2026.

Supply to Navy, Coast Guard & Foreign-Going Vessels Not Export Under IGST Act: Maharashtra AAR

June 17, 2026 186 Views 0 comment Print

The Maharashtra AAR held that supplies of warehoused goods to foreign-going merchant vessels, Indian Navy ships, and Coast Guard ships did not qualify as exports under the IGST Act.

RBI (Rural Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 138 Views 0 comment Print

RBI has removed the interest rate ceiling on fresh FCNR(B) deposits with tenors of three to five years until September 30, 2026. The relaxation also applies to deposits renewed upon maturity during the specified period.

RBI (Urban Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 168 Views 0 comment Print

RBI has temporarily withdrawn interest rate restrictions on specified NRE and FCNR(B) deposits until September 30, 2026. The move gives Urban Co-operative Banks greater flexibility to attract NRI funds.

RBI (Local Area Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 144 Views 0 comment Print

RBI has temporarily withdrawn interest rate restrictions on specified NRE and FCNR(B) deposits. The move gives Local Area Banks greater flexibility to attract non-resident deposits until September 30, 2026.

RBI (Regional Rural Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 120 Views 0 comment Print

The amendment temporarily withdraws the interest rate ceiling on fresh FCNR(B) deposits of three to five years, including renewed deposits. The relaxation remains in force from June 17, 2026, to September 30, 2026.

RBI (Small Finance Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 153 Views 0 comment Print

RBI has temporarily removed interest rate restrictions on specified NRE and FCNR(B) deposits for Small Finance Banks until September 30, 2026. The move allows banks to offer more competitive rates to attract non-resident deposits.

RBI (Commercial Banks – Interest Rate on Deposits) Amendment Directions, 2026

June 17, 2026 408 Views 0 comment Print

RBI has temporarily removed interest rate restrictions on specified NRE and FCNR(B) deposits. Commercial banks can offer more competitive rates on eligible deposits until September 30, 2026.

Innovative Reform Ideas on Nine Years of GST to Curb complexities & ITC Frauds

June 17, 2026 1002 Views 0 comment Print

The article argues that large-scale GST frauds and growing compliance burdens show the need for structural reform. It proposes alternative tax models that eliminate ITC-related fraud risks while protecting revenue.

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