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GSTAT Orders Lenient Scrutiny of Appeals Filed on New Portal

January 20, 2026 3717 Views 0 comment Print

The tribunal has instructed registries not to flag defects of form that do not affect merits. This eases compliance during early portal usage.

Income Tax Exemption Notified for Aligarh Urban Development Authority

January 19, 2026 387 Views 0 comment Print

The government notified an urban development authority for exemption under Section 10(46A). The benefit applies from AY 2025-26, subject to continued statutory status and prescribed objectives.

One-Time QCO Exemption Granted for Cross Recessed Screws Already at Ports

January 17, 2026 861 Views 0 comment Print

Clarifies that consignments with inward entry dates between November 2025 and January 2026 are exempt from mandatory quality control compliance.

SEBI Proposes Easier Client On-Boarding Through Centralised KYC Framework

January 17, 2026 858 Views 0 comment Print

The consultation paper suggests centralising supplementary KYC data at KRAs to avoid repetitive submissions. The key takeaway is improved KYC portability and faster account opening across intermediaries.

ICSI Overhauls Training and Exams to Strengthen Professional Standards

January 17, 2026 1167 Views 0 comment Print

Registrations from December 2025 will follow a restructured entrance test with a compulsory induction programme. The decision aims to standardise early professional orientation.

Wrong AGM Date in Annual Filing- MCA Imposes Penalty

January 16, 2026 1026 Views 0 comment Print

An incorrect AGM date disclosed in an annual return led to penal action. The ruling clarifies that accuracy in statutory disclosures is mandatory and strictly enforced.

Penalty Imposed for Failure to Disclose Auditor Qualifications in Director’s Report

January 16, 2026 822 Views 0 comment Print

Failure to explain auditor-noted violations of Nidhi Rules resulted in penalties on the company and directors. The order reinforces strict disclosure duties under company law.

RBI Revamps Export–Import Rules to Ease FEMA Compliance

January 16, 2026 2433 Views 0 comment Print

A unified FEMA framework now governs goods, services, and merchanting trade. The ruling underscores streamlined procedures and greater operational flexibility for authorised dealers.

Customs Revises Tariff Values for Oils, Metals & Areca Nuts wef 16.01.2026

January 15, 2026 696 Views 0 comment Print

Tariff values for precious metals and key edible oils have been reset through substituted tables. This provides clarity and uniformity in valuation where notified.

Electronic Postal Exports Included in Customs Export Framework

January 15, 2026 402 Views 0 comment Print

Only exports routed through foreign post offices enabling electronic processing qualify. This strengthens system-based compliance for postal exports.

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