RBI mandates banks to report gold derivative transactions to CCIL trade repository starting February 2025, ensuring compliance and transparency in domestic and international markets.
RBI sets up a committee to create a framework for responsible AI use in the financial sector, focusing on governance, risks, and adoption.
Detailed clarifications on ICAI’s Peer Review Mandate, phases of implementation, applicability, and key definitions for audit practices in India.
Goods and Services Tax (GST) e-Invoice System and API Developer’s Portal will implement new validations in the E-Waybill System starting January 1, 2025. These changes aim to enhance compliance and integration. Key updates include: (1) Restricting E-Waybill generation for documents older than 180 days from the generation date. This applies to both E-Waybills and Part-A […]
The National Financial Reporting Authority imposes penalties on Deloitte and auditors for misconduct in the ZEEL audit, resulting in penalties and debarment.
CBIC Chairman’s weekly newsletter dated 23rd December 2024 highlights pivotal developments. The 55th GST Council meeting in Jaisalmer emphasized simplifying the GST framework with decisions to facilitate trade, reduce litigation, and streamline compliance. Officers are urged to engage taxpayers to foster understanding and trust. The Board launched transformative initiatives on the CBIC website, including a […]
SEBI seeks public input on introducing a Close Auction Session (CAS) in equity markets to improve closing price determination and align with global standards.
SEBI revises the process for Scheme Information Document submission, reducing the public comment period to 8 working days, effective immediately for mutual funds.
Bombay High Court implements “Rules for Video Conferencing 2022” for all courts in Maharashtra, Goa, and union territories, effective December 29, 2024.
Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs DO No. 51/News Letter/CH(IC)/2024 Dated: 16th December, 2024 Dear Colleague, Amidst the enchanting charm of Kochi, often referred to as the “Queen of the Arabian Sea,” the 2nd Conference on Review of Coastal Preventive formations was successfully convened, addressing […]
