CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not affect other tax provisions.
GSTN introduces biometric Aadhaar authentication and document verification for GST registration applicants in Uttar Pradesh, effective March 15, 2025.
Odisha Finance Department clarifies that GST does not apply to compensation for land and building acquisition, advising government offices to avoid incorrect payments.
RBI notifies regulated entities about UNSC’s amendments to ISIL & Al-Qaida sanctions list, ensuring compliance with Section 51A of UAPA, 1967.
IRDAI reconstitutes its Insurance Advisory Committee, appointing five new members. The notification takes effect from its publication in the official gazette.
SEBI clarified that Angel Funds can invest only in startups meeting the Department for Promotion of Industry and Internal Trade (DPIIT) criteria. If a portfolio company loses its startup status, Angel Funds cannot make additional investments, even if pre-emptive rights exist.
The DGFT invites stakeholder feedback on amendments to export authorization procedures for SCOMET items under the Stock & Sale policy. Submit inputs by March 22, 2025.
RBI invites applications for Self-Regulatory Organisation (SRO) for the Account Aggregator ecosystem. Deadline for submission via PRAVAAH portal: June 15, 2025.
SEBI introduces amendments to Insider Trading Regulations 2025, refining definitions and disclosure requirements for improved market transparency.
IRDAI allows insurers to undertake Bond Forwards for hedging under specific conditions, aligning with RBI’s 2025 guidelines on forward contracts in government securities.
