GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-population rules, and late fee computation to ensure accurate compliance.
The notification deals with updating tariff benchmarks for oils, metals, and areca nuts. It confirms that customs duty will be levied based on the revised values from the notified date.
This notification clarifies the conditions under which a development authority qualifies for tax exemption. The ruling highlights that continued constitution under the relevant State law is mandatory to retain benefits.
This notification addresses whether statutory development authorities qualify for income-tax exemption under section 10(46). The key takeaway is that specified non-commercial income is exempt, even retrospectively, when statutory conditions are fulfilled.
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The Bill creates separate councils for regulation, accreditation, and academic standards under one umbrella institution. This division aims to improve focus, efficiency, and coordination.
Funds in collection accounts must be remitted to designated accounts within two working days, limiting cash outflows. The measure enhances liquidity management and ensures effective tracking of borrower funds.
The RBI’s 2025 amendment revises account maintenance rules for Small Finance Banks to ensure stricter monitoring of CC, Current, and OD accounts. Banks must flag accounts, monitor usage, and prevent fund diversion to maintain credit discipline.
Banks must implement robust monitoring systems, flag high-risk accounts, and regularly review compliance. Accounts violating usage restrictions must be converted or closed within three months. This ensures transparency and effective tracking of fund utilization.
