Tulasi Industries withdrew its GST advance ruling request on ITC refunds under the inverted duty structure. The application was disposed of without a decision.
The Supreme Court examined tax issues in Apollo Tyres Ltd. vs. CIT, including the role of assessing officers under Section 115-J and eligibility of UTI income under Section 32AB.
SEBI mandates standardized Most Important Terms and Conditions (MITC) for Research Analysts, ensuring transparency in research services. Effective immediately.
SEBI mandates standardized Most Important Terms and Conditions (MITC) for Investment Advisers, ensuring transparency in advisory agreements. Effective immediately.
The E-Way Bill system introduces Form ENR-03 for unregistered dealers to enrol and generate e-Way Bills using a unique Enrolment ID. Learn the process here.
RBI removes the Board of New India Co-operative Bank, Mumbai, citing governance concerns. An Administrator and Advisory Committee appointed for 12 months.
SEBI mandates industry standards for audit committee and shareholder review of related party transactions, effective April 1, 2025.
CBIC updates tariff values for crude oils, metals, and areca nuts under the Customs Act, effective February 15, 2025. Check revised import duty rates.
ICAI elects CA. Charanjot Singh Nanda as President and CA. Prasanna Kumar D as Vice-President for 2025-26. The oath was administered on February 12, 2025.
RBI imposes operational restrictions on New India Co-operative Bank, Mumbai, limiting loans, deposits, and withdrawals. Details of the RBI directive and its impact.
