From 22 September 2025, accommodation below ₹7,500 per day attracts 5% GST without ITC instead of 12%. The change aims to reduce costs and support the hospitality sector.
Apply for concurrent audit assignments at Punjab & Sind Bank for the year 2025-26. Criteria include FCA partner, RBI panel selection, and more. Last date: 04/06/2025. Apply now!
The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AGM is treated as a continuation of the original meeting rather than a fresh meeting.
The Supreme Court examined whether personal insolvency proceedings under the IBC could halt cheque dishonour cases under Section 138 of the NI Act. The Court held that such prosecutions are criminal in nature and continue despite insolvency moratorium protections.
GSTAT accepted the DGAP finding that the ratio of credit availed to purchase value declined after GST implementation. Since no additional ITC benefit accrued, no profiteering was established.
GSTAT held that the retailer failed to pass on the benefit of GST reduction from 28% to 18% through commensurate price cuts. The Tribunal directed deposit of ₹13.61 crore in Consumer Welfare Funds.
RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements until September 30, 2026. The measure is aimed at attracting foreign currency funds and strengthening banking system liquidity.
RBI has exempted fresh FCNR(B) deposits mobilized between June 8 and September 30, 2026 from CRR and SLR requirements. The move aims to attract overseas deposits and enhance liquidity in the banking system.
The dispute centred on whether the airport taxi operator had exclusive control over transportation services. The Commission relied on the licence agreement’s non-exclusivity clause and found no prima facie abuse of dominant position.
RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements for urban co-operative banks. The move aims to attract foreign currency deposits and improve liquidity in the banking sector.
