IFSCA allows IFSC Insurance Offices to raise invoices in any contract currency, but fund realization must be in specified foreign currencies, ensuring compliance and smoother transactions.
The case examines whether various plastic and metal support components qualify as mechanical items eligible for reduced BCD under an amended exemption notification. The authority evaluates the manufacturing processes and functional characteristics of the parts to determine eligibility.
ROC held that company failed to file financial statements for FY 2021-22 and imposed penalties on entity and its directors. Order directs rectification and payment within 90 days.
The ROC penalised the company and directors for not filing financial statements for FY 2020-21. The order highlights statutory penalties, compliance directives, and timelines for rectification.
The government has notified the commencement of the OSHWC Code, 2020 effective 21 November 2025. The update mandates employers to align with new safety, health, and workplace standards.
The ruling held that ITC cannot be claimed on rent for periods when the supplier was unregistered and invoices were issued late. Only the June 2022 portion qualifies, subject to time-limit conditions.
The Authority held that the applicant’s diploma courses form part of a curriculum leading to qualifications recognized by law. Educational services provided to students are exempt from GST.
The ruling held that conducting recruitment examinations constitutes a taxable supply of services. Application fees collected from candidates are therefore subject to GST.
FSSAI has designated seven new Food Safety Officers for key ports and airports across India to enhance food safety regulation and compliance at critical entry points.
SEBI cautions investors against using unregistered OBPPs lacking oversight and protection. Only SEBI-registered platforms should be used to ensure compliance and safety.
