The rise of AI-generated influencers and synthetic commercial actors is testing identity-based tax systems. The article explains how deepfakes complicate income attribution, GST compliance, and enforcement mechanisms.
A new DGFT trade notice provides structured support for export factoring transactions undertaken by MSMEs. The scheme caps benefits at ₹50 lakh per year and applies only to eligible HS tariff lines and RBI/IFSCA-regulated entities.
The GST framework is analysed in light of Adam Smith’s canons of Equity and Certainty. The system enhances uniformity but continues to evolve amid interpretational disputes and compliance changes.
The Disciplinary Committee held that the IRP accepted assignment and issued a public announcement without holding a valid Authorisation for Assignment. A six-month suspension was imposed, with mitigating factors noted.
The law taxes the annual value of property based on ownership, not just actual rent received. Even vacant or self-occupied properties can attract tax under Section 22, reflecting their earning potential.
The draft amendments mandate structured recovery policies and strict conduct standards for SFBs. Harsh practices and improper recovery methods are expressly prohibited.
The amendments create a comprehensive framework governing recovery conduct and engagement of recovery agents by UCBs. The key takeaway is enhanced borrower protection and stronger regulatory oversight.
The draft amendments introduce a structured framework governing recovery conduct and engagement of recovery agents by RRBs. The key takeaway is stronger borrower protection and stricter compliance obligations for banks.
The draft amendments introduce comprehensive rules governing recovery conduct and engagement of recovery agents by Local Area Banks. The framework mandates due diligence, borrower protection safeguards, and strict prohibition of harsh recovery practices.
RBI mandates formal training and certification for recovery agents before engagement. The move strengthens accountability and professional standards in debt recovery.
