The Government informed Parliament that no proposal is under consideration to compensate States for revenue impacts from recent GST changes. Fiscal discipline continues to be governed through existing borrowing limits and FRBM frameworks.
The Government told Parliament that India’s tax-to-GDP ratio remains relatively low among peer economies. It denied that current tax policies exploit the middle class or require urgent overhaul to prevent taxpayer flight.
Enforcement activity rose with steady antitrust actions and quicker merger disposals, aided by reduced timelines and streamlined procedures.
The ROC Bangalore held that obtaining and retaining a second DIN in violation of Section 155 of the Companies Act attracts penalty under Section 159. Despite the error being inadvertent and later rectified, the prolonged default of 3075 days resulted in a reduced but substantial penalty.
The ROC Bangalore imposed penalty for holding two Director Identification Numbers in violation of Section 155 of the Companies Act, 2013. Even though the second DIN was obtained inadvertently and later surrendered, the continuing default for 1227 days attracted adjudication and monetary penalty.
The regulator has updated its ICDR Master Circular by incorporating all circulars issued up to December 31, 2025. The move simplifies compliance while ensuring that past actions and liabilities under earlier circulars remain valid.
The CBI has registered a bribery case against three Customs officials accused of taking illegal gratification to release seized goods. The probe also examines missing stock from government godowns.
SEBI has proposed extending standing instruction facilities for SWP and STP to mutual fund units held in demat form. The move aims to improve investor convenience and reduce repetitive transaction-level instructions.
India’s tax laws are adapting to platforms, creators, and cross-border digital services. This piece explains how income-tax provisions, equalisation levy, and GST rules attempt to capture digital value and where complexity still hampers certainty and ease of compliance.
The authority held that absence of a statutory register of members at the registered office violates Section 88. Administrative or record-keeping difficulties were not accepted as a defence, resulting in penalties on the company and directors.
