ICAI concludes its 26th Central and 25th Regional Council elections. The new term will start on February 12, 2025, with 32 Central and 64 Regional Council members.
DGFT has imposed a Minimum Import Price (MIP) of Rs. 20,108 per MT on Soda Ash imports till June 2025 under the revised import policy.
Bundy India Ltd seeks advance ruling on the classification of fuel pump parts used in vehicles under the Customs Tariff Act, 1975.
RBI enables full-KYC Prepaid Payment Instruments (PPIs) to access UPI payments via third-party apps, enhancing interoperability and digital payment convenience.
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 […]
