From April 7th to 13th, 2025, several notifications and circulars were issued under Income Tax, GST, RBI, and miscellaneous regulations. Key updates include income tax exemptions for authorities like Greater Mohali Area Development Authority and Prayagraj Mela Pradhikaran under Section 10(46A), new ITR-B form for block assessments, and HUDCO bonds qualifying as long-term assets under Section 54EC. The last date for filing declarations under the Vivad Se Vishwas Scheme is set for April 30, 2025. GST updates include mandatory HSN code dropdown in GSTR-1 starting from April 2025 and non-editable inter-state supply values in GSTR-3B. The Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points to 6% and implemented new directions on gold loans and stressed asset securitization. Furthermore, the Supreme Court ruled that a registering authority cannot decide property ownership during document registration.
Notifications & Circulars issued during week (7th– 13th Apr 2025)
A. Income Tax
Exemptions to Greater Mohali Area Development Authority, Punjab: Greater Mohali Area Development Authority, an authority constituted under The Punjab Regional and Town Planning and Development Act, 1995 has been notified under section 10(46A) for exemption on its income, provided the authority continues to operate for the specified purposes under Section 10(46A) (a) of the Income-tax Act. (Income Tax Notification 28/2025 Dated 07/04/2025)
Exemptions to Prayagraj Mela Pradhikaran, Prayagraj: Prayagraj Mela Pradhikaran, Prayagraj, an authority constituted under the Uttar Pradesh Prayagraj Mela Authority, Allahabad Act, 2017 has been notified under section 10(46A) for exemption on its income, provided the authority continues to operate for the specified purposes under Section 10(46A) (a) of the Income-tax Act. (Income Tax Notification 29/2025 Dated 07/04/2025)
CBDT notifies ITR-B for Income Tax Block Search Assessment Return: The notification inserts Rule 12AE in Income-tax Rules. The form ITR-B applies to cases involving search and seizure actions initiated on or after 1st September 2024 under Sections 132 or 132A. It must be used to declare income for the block assessment period and submitted electronically, either via digital signature or electronic verification code, depending on the type of taxpayer. The form also outlines rules for claiming tax credits against undisclosed income and includes verification requirements. (Income Tax Notification 30/2025 Dated 07/04/2025)
HUDCO Bonds notified as long-term assets for section 54EC: CBDT has notified that bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) on or after April 1, 2025, and redeemable after five years, will be treated as ‘long-term specified assets’ under Section 54EC of the Income-tax Act. These bonds qualify for exemption from capital gains tax if invested within the prescribed time. The notification mandates that HUDCO must utilize the funds raised through these bonds strictly for infrastructure projects that generate revenue independently and are not reliant on state government support for debt servicing. (Income Tax Notification 31/2025 Dated 07/04/2025)
Deadline for Vivad Se Vishwas Scheme declarations set as 30th April 2025: The last date for filing declarations under the Direct Tax Vivad se Vishwas Scheme, 2024 has been notified as 30th April 2025. The scheme provides taxpayers with an opportunity to settle outstanding direct tax disputes by filing a declaration regarding tax arrears with the designated authority, as per section 90 of the Act. (Income Tax Notification 32/2025 Dated 08/04/2025)
HC, Provisioning for Asset Reconstruction Cost justified as per AS 29: Case of Vodafone Mobile Services Ltd vs DCIT, HC Delhi Judgement Dated 11th March 2025. HC held that the provisioning for Asset Reconstruction Cost qualified the prescriptions of AS 29 and the assessee was thus justified in accounting for the same. Thus, the case is decided in favour of assessee. (HC Delhi Judgement Dated 11/03/2025)
HC, Adjustment of tax refund against demand unjustified due to stay on coercive action: Case of Huawei Telecommunications India Pvt Ltd vs ACIT, HC Delhi Judgement Dated 17th March 2025. HC held that adjustment of refund against outstanding demand not justified on account of an order interdicting coercive action for recovery of dues. Accordingly, petition is allowed and refund amount is directed to be paid. (HC Delhi Judgement Dated 17/03/2025)
B. GST
Advisory on Table-12 of GSTR-1 or GSTR-1A: GSTN is going to implement Phase-III of Table 12 of GSTR 1 & 1A from April, 2025 tax period onwards. Table-12 captures HSN-wise summary of outward supplies. It has been bifurcated into two tables namely B2B and B2C, to report these summary of these supplies HSN wise separately in corresponding table. Manual entry of HSN will not be allowed. Taxpayer will be able to choose correct HSN from given Drop down. (GSTN Advisory Dated 11/04/2025)
Advisory on reporting values in Table 3.2 of GSTR-3B: Table 3.2 of Form GSTR-3B captures the inter-state supplies made to unregistered persons, composition taxpayers, and UIN holders out of the supplies declared in Table 3.1 & 3.1.1 of GSTR-3B. The values in Table 3.2 of GSTR-3B auto-populates from corresponding inter-state supplies declared in GSTR-1, GSTR-1A, and IFF in requisite tables.
— From April-2025 tax period, inter-state supplies auto-populated in Table 3.2 of GSTR-3B will be made non-editable. In case any modification/amendment is required in auto-populated values of Table 3.2 of GSTR-3B, same can be done only by amending the corresponding values in respective tables of GSTR-1A or through Form GSTR-1/IFF filed for subsequent tax periods. (GSTN Advisory Dated 11/04/2025)
AAR, No GST exemption on dredging services to Gujarat Maritime Board: Case of Kishore Projects Private Limited, AAR Gujarat Ruling Dated 25th March 2025. The company was awarded a contract by the Gujarat Fisheries Board to conduct dredging at Porbandar Fishery Harbour, maintaining the minimum draft for smooth fishing operations. The applicant claimed eligibility for exemption under serial No. 3A of the notification, asserting that fisheries development falls under functions entrusted to Panchayats under Article 243G of the Constitution. AAR found that while the contract was issued by the Fisheries Department, the Gujarat Maritime Board (GMB), a statutory body owns the port and receives the dredging services. AAR ruled that the supply of services of dredging activity undertaken by the applicant provided to Gujarat Maritime Board is not covered under serial No. 3A of notification No. 9/2017 (Rate) dated 28th June 2017 as amended. (AAR Gujarat Ruling Dated 25/03/2025)
AAR, No ITC on share buyback expenses, reversal required on common inputs: Case of Gujarat Narmada Valley Fertilizers & Chemicals Limited, AAR Gujarat Ruling Dated 25th March 2025. The AAR examined that under Section 2(52) and 2(102) of the CGST Act, securities, including shares, are excluded from the definition of goods and services. It ruled that the applicant is not eligible to avail the ITC involved in the expenditure incurred for buyback of its share and also required to reverse the ITC on common inputs and input services used in relation to the expenditure incurred for buyback of share. (AAR Gujarat Ruling Dated 25/03/2025)
AAR, No ITC on inputs & services for Mutual Fund subscription & redemption: Case of Zydus Lifesciences Limited, AAR Gujarat Ruling Dated 25th March 2025. The AAR examined that securities are excluded from the definition of goods and services. It ruled that the applicant is not eligible to avail ITC of tax paid on inputs & input services used in relation to the subscription and redemption of mutual funds and also required to reverse the ITC on common inputs and input services used in relation to the subscription and redemption of mutual funds as per section 17(2) of CGST Act. (AAR Gujarat Ruling Dated 25/03/2025)
AAR, Free scraping tool with Apsara Oil Pastels constitutes separate supply, taxable at 18% GST: Case of Hindustan Pencils Private Limited , AAR Gujarat Ruling Dated 22nd March 2025. The company argued that the tool, classified under a different HSN and tax rate than the oil pastels, should not be considered a separate supply as it was provided free of cost. The oil pastels attracts 12% GST, and the free scraping tool attracts 18% GST. AAR ruled that inclusion of a free ‘Scraping Tool’ in the pack of Apsara Oil Pastels amounts to independent ‘supply’ of the scrapping tool, GST @ 18% is leviable. (AAR Gujarat Ruling Dated 22/03/2025)
AAR, ITC allowed on canteen facility for direct employees, limited to employer’s cost: Case of Amneal Pharmaceuticals Private Limited , AAR Gujarat Ruling Dated 21st March 2025. AAR ruled that Input Tax Credit (ITC) will be available to the applicant on GST charged by the service provider in respect of canteen facility provided to its direct employees working in their factory, in view of the provisions of Section 17(5)(b) as amended. The ITC will be restricted to the extent of the cost borne by the applicant for providing canteen services to its direct employees, but disallowing proportionate credit to the extent embedded in the cost of goods recovered from such employees. (AAR Gujarat Ruling Dated 21/03/2025)
AAR, Margin Scheme for second hand goods excludes repair costs, no ITC on improvements: Case of Jitendra Equipment , AAR Gujarat Ruling Dated 21st March 2025. The applicant is a trader of construction machinery, who plans to expand into dealing in second-hand goods. The ruling focused on the applicability of the margin scheme under Rule 32(5), which allows for GST to be levied on the difference between the selling and purchase price of second-hand goods, provided no input tax credit (ITC) is claimed. AAR ruled that the purchase price under the margin scheme does not include repair or improvement costs. Consequently, ITC cannot be claimed on these repair or improvement expenses if the margin scheme is utilized. (AAR Gujarat Ruling Dated 22/03/2025)
AAR, Goods supplied under fraudulent orders qualify as supply under IGST Act: Case of Acube Engitech Company, AAR Gujarat Ruling Dated 21st March 2025. The applicant argued that they were deceived by individuals who forged documents to place a bogus order, leading to the dispatch of goods without receiving any payment. AAR ruled that the goods supplied by the applicant will be considered as supply of goods in terms of section 20 of IGST Act read with section 12 and 7 of the CGST Act. (AAR Gujarat Ruling Dated 21/03/2025)
AAR, GST not payable on goods lost in transit, but ITC reversal required: Case of INOX Air Products Private Limited , AAR Gujarat Ruling Dated 25th March 2025. AAR ruled that GST is not payable on the goods lost in transit. The applicant is not eligible for the ITC in respect of inputs used in the goods lost in transit & hence is required to reverse the ITC in terms of section 17(5)(h) of the CGST Act. (AAR Gujarat Ruling Dated 25/03/2025)
C. Central Excise
Central Excise Duty on Petrol, Diesel increased by Rs. 2 per Litre: The notification revises the specific rates of central excise duty on petrol and diesel. Effective from 8th April 2025, the excise duty on petrol is set at Rs. 13 per litre, and the excise duty on diesel is set at Rs. 10 per litre. (Central Excise Notification 02/2025 (T) Dated 07/04/2025)
Interim Boards for Settlement established under Central Excise Act: CBIC has constituted four Interim Boards for Settlement under the Central Excise. Interim Board for Settlement-I will be based in Delhi, Board-II in Kolkata, Board-III in Mumbai, and Board-IV in Chennai. These boards are expected to handle pending and new cases related to central excise settlement, offering a structured mechanism for resolution. (Central Excise Notification 02/2025 (NT) Dated 08/04/2025)
CBIC operationalised Interim Boards for Settlement: CBIC has established offices for operationalizing Interim Boards for Settlement (IBS) across four major zones: Delhi, Kolkata, Mumbai, and Chennai. It is in accordance with Section 31A of the Central Excise Act, effective from 8th April 2025. (Central Excise CBIC Office Order 03/2025 Dated 08/04/2025)
D. Custom Duty
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver: CBDT notified the Tariff Values of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver, which shall come into force w.e.f. 9th April 2025. The tariff value for crude palm oil is set at USD 1158 per metric ton, while gold and silver have tariff values of USD 984 per 10 grams and USD 983 per kilogram, respectively. The tariff value for areca nuts is fixed at USD 8140 per metric ton. (Custom Notification 23/2025 (NT) Dated 08/04/2025)
CBIC Appoints Common Adjudicating Authority: The notification designates the Deputy Commissioner at ICD Whitefield, Bengaluru, as the common adjudicating authority to handle two show cause notices issued to M/s Aardwolf Material Handling Pvt Ltd. This appointment consolidates the adjudication process under a single authority to streamline proceedings. (Custom Notification 22/2025 (NT) Dated 07/04/2025)
Clarification on BCD for Interactive Flat Panel Displays (IFPD) & other monitors: As per recent budget, IFPDs attract a 20% BCD, while other monitors remain at 10%. The circular remove the Import of Goods at Concessional Rate (IGCR) condition for non-IFPD monitors, as they are not typically used in further manufacturing. It provided technical guidelines to differentiate IFPDs from other monitors, based on features like touch capability, screen size, resolution, interactivity, built-in software, speakers, and wattage. It also clarifies that parts of IFPDs, such as Touch Glass Sheets and Touch Sensor PCBs, are classified under HS 8529 with a 5% BCD. (Custom Circular 12/2025 Dated 07/04/2025)
CBIC rescinds custom circular on Bangladesh Cargo Transit: The circular rescinds previous circular 29/2020 Dated 29th June 2020, which allowed transhipment of export cargo from Bangladesh to third countries through Indian Land Customs Stations (LCSs) to ports and airports. However, cargo that has already entered Indian territory may continue its exit process following the procedures outlined in the original circular. (Custom Circular 13/2025 Dated 08/04/2025)
E. Directorate General of Foreign Trade (DGFT)
Operationalisation of DGFT ‘Global Tariff and Trade’ Helpdesk: The initiative is aimed at assisting exporters and importers in addressing emerging challenges in the global trade environment, particularly those related to tariff changes, import surges, and export issues. As global trade dynamics evolve with the introduction of new tariffs and countermeasures, the Helpdesk serves as a centralized platform for stakeholders to report concerns and suggest necessary support measures. It will cover a wide range of trade-related concerns, including import/export challenges, dumping, EXIM clearance delays, logistics and supply chain disruptions, financial and banking issues, as well as regulatory or compliance hurdles. (DGFT Trade Notice 01/2025 Dated 11/04/2025)
F. Securities and Exchange Board of India (SEBI)
Increase in AUM for mandating additional disclosures by FPIs: The circular amends certain provisions regarding additional disclosure requirements for Foreign Portfolio Investors (FPIs). The threshold for FPIs and their investor groups holding more than ₹25,000 crore in equity assets under management (AUM) in Indian markets were required to make specific disclosures, has been increased to ₹50,000 crore. (SEBI Circular Dated 09/04/2025)
Clarification on Regulatory framework for Specialized Investment Funds (SIF): It has been decided that the rules concerning the maturity of securities in interval schemes, will not apply to Interval Investment Strategies under SIFs. Additionally, the minimum investment threshold for SIFs, stated in the earlier circular, has been revised. The aggregate investment by an investor across all SIF investment strategies at the PAN level must now be at least INR 10 lakh. However, this minimum threshold will not apply to mandatory investments made by AMCs for designated employees as per the MF Master Circular. (SEBI Circular Dated 09/04/2025)
SIF Application and Investment Strategy Information Document (ISID) formats: The circular outline the application process and the format for the ISID for Mutual Funds intending to establish Specialised Investment Funds (SIFs). (SEBI Circular Dated 11/04/2025)
Draft Circular on Investor Charter for Investment Advisers (IAs): The revised charter aims to improve investor protection, financial inclusion, and transparency, taking into account developments like the Online Dispute Resolution (ODR) platform and SCORES 2.0. The draft includes updated rights and responsibilities for investors, expectations from investment advisers, and a robust grievance redressal mechanism. The revised charter outlines advisers’ obligations such as risk profiling, transparency in fees and conflicts of interest, client confidentiality, and compliance with advertising codes. (SEBI Draft Circular Dated 11/04/2025)
Draft Circular on Investor Charter for Research Analysts (RAs): The revised charter addresses recent developments like the Online Dispute Resolution (ODR) platform and SCORES 2.0. It seeks to enhance financial consumer protection, inclusion, and literacy. It includes changes in areas like the transparency of investor grievance redressal, clearer disclosures about services and conflicts of interest, and a focus on protecting investor privacy. (SEBI Draft Circular Dated 11/04/2025)
Draft Circular on Investor Charter for Registrars to an Issue and Share Transfer Agents (RTAs): The draft circular aims to enhance investor awareness about RTA-related services and addresses recent developments like Online Dispute Resolution (ODR) platform and SCORES 2.0. It outlines the services provided by RTAs, investor rights, timelines for various activities, investor dos and don’ts, and grievance redressal mechanisms. (SEBI Draft Circular Dated 11/04/2025)
SEBI constitutes High Level Committee on Conflict of Interest, Disclosures and related matters in respect of Members and Officials of SEBI: SEBI has constituted a High-Level Committee (HLC) to conduct a thorough review of regulations concerning conflict of interest, disclosures of assets, investments, liabilities, and related issues for its Members and Officials. It will be chaired by Shri Pratyush Sinha, former Chief Vigilance Commissioner. The HLC is expected to submit its recommendations within three months. (SEBI Press Release Dated 09/04/2025)
G. Ministry of Corporate Affairs (MCA)
No Notifications/ Circular during the week.
H. Insolvency and Bankruptcy Board of India (IBBI)
Public Comments/ Suggestions invited on IBC Regulations: IBBI has invited public suggestions on all regulations framed under the Insolvency and Bankruptcy Code, 2016. This initiative aims to simplify the regulatory framework, ease compliance, and reduce associated costs. (IBBI Press Release Dated 07/04/2025)
NCLAT, Proceedings under section 7 of IBC unjustified as debt and default not established: Case of Santoshi Finlease Private Limited vs SBI, NCLAT Delhi Judgement Dated 5th March 2025. Section 7 relates to application filed by financial creditor initiating corporate insolvency resolution process against a corporate debtor. The appellant tribunal held that in absence of both disbursements directly to Corporate Debtor and default, attempt to invoke proceedings under section 7 of IBC unsustainable. (NCLAT Delhi Judgement Dated 05/03/2025)
NCLAT, Failure of reconciliation of accounts qualifies as pre-existing dispute: Case of Rajendra Bisht vs Satkar Logistics Pvt Ltd, NCLAT Judgement Dated 11th March 2025. The appellant tribunal held that failure of reconciliation of accounts qualifies as pre-existing dispute. Thus, order admitting application under section 9 of IBC ignoring pre-existing dispute is not justified. Hence, order is set aside. (NCLAT Delhi Judgement Dated 11/03/2025)
IBBI suspends Mr Kuldeep Verma IP for asset mismanagement and regulatory lapses: The violations include failure to preserve and protect the assets of corporate debtors during the CIRP period, non- determination of avoidance transactions, diversion of funds, improper adjudication of claims, and overcharging of fees. The Disciplinary Committee suspended the registration of Mr Kuldeep Verma for two years. (IBBI Order Dated 07/04/2025)
I. Reserve Bank of India (RBI)
Review of Regulatory Guidelines, Withdrawal of Circulars: A review has been undertaken on the existing regulatory guidelines on cheques and 20 circulars listed in Annexure are withdrawn. (RBI Notification 21/2025 Dated 08/04/2025)
Liquidity Adjustment Facility, Change in rates: It has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.00 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 5.75 per cent and 6.25 per cent respectively. (RBI Notification 22/2025 Dated 09/04/2025)
Penal Interest on shortfall in CRR and SLR requirements, Change in Bank Rate: As per Monetary Policy, the Bank Rate has been revised downwards by 25 basis points from 6.50 per cent to 6.25 per cent. Accordingly, all penal interest rates on shortfall in CRR and SLR requirements, which are specifically linked to the Bank Rate, also stand revised downward by 25 basis points. (RBI Notification 23/2025 Dated 09/04/2025)
Standing Liquidity Facility for Primary Dealers: The Monetary Policy Committee (MPC) has decided to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.00 per cent. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate of 6.00 per cent. (RBI Notification 24/2025 Dated 09/04/2025)
Reorganisation of Districts in the State of Rajasthan, Review of Lead Bank Responsibility: RBI has revised the lead bank responsibilities in Rajasthan following the state’s district reorganisation. As per Gazette Notifications, nine erstwhile districts were merged into twelve existing districts. Consequently, the previously assigned lead bank roles for the nine merged districts have been revoked. These included districts Kekri, Shahpura, Anupgarh, Sanchore, Neem ka Thana, Gangapur City, Dudu, Jaipur (Rural) and Jodhpur (Rural). It has reviewed and either retained or modified the lead bank assignments in the affected areas. (RBI Notification 25/2025 Dated 11/04/2025)
Regional Rural Banks (RRB) Amalgamation, 26 Banks to merge in Phase Four: The Department of Financial Services (DFS) has announced the amalgamation of 26 RRBs across 10 states and 1 Union Territory. It aligns with the “One State One RRB” principle, aiming for improved efficiency and cost reduction based on positive outcomes from previous amalgamations. Post this phase, the number of RRBs will reduce to 28, operating in 26 states and 2 UTs with over 22,000 branches, predominantly in rural and semi-urban areas. (Fin Min Notification Dated 05/04/2025)
Draft RBI Lending Against Gold Collateral Directions: The draft directions are aimed at establishing a harmonized regulatory framework for lending against gold collateral (jewellery and ornaments) across all regulated entities, including commercial banks, cooperative banks, and non-banking financial companies (NBFCs). These cover various aspects of gold loans, including policy formulation, loan-to-value (LTV) ratios, valuation and assaying procedures, handling and storage of collateral, auction processes in case of default, and borrower compensation for loss or delay. The comments/ feedback from stakeholders are invited. (RBI Draft Directions Dated 09/04/2025)
Draft RBI Securitisation of Stressed Assets Directions: The draft directions for the Securitisation of Stressed Assets, aiming to provide a broader mechanism for REs to securitize their stressed loan exposures, supplementing the existing framework under the SARFAESI Act. These directions outline the scope, definitions (including NPA and securitization), and general requirements for securitization, such as eligible assets (excluding inter-lender exposures, farm credit, fraud accounts, etc.) and conditions for Special Purpose Entities (SPEs). The draft also covers accounting, price discovery, and the role of Resolution Managers (ReMs) for managing the resolution/recovery process. The comments/ feedback from stakeholders are invited. (RBI Draft Directions Dated 09/04/2025)
Draft RBI Non-Fund Based Credit Facilities Directions: The draft directions aim to streamline and regulate non- fund based (NFB) credit facilities, such as guarantees and letters of credit, across all regulated entities (REs) including commercial banks, cooperative banks, All India Financial Institutions, and NBFCs. A key aspect of the draft is the stipulation that REs generally should only issue NFB facilities to customers with an existing business relationship (funded credit or deposit facility). These outline general conditions applicable to all NFB facilities, as well as specific requirements for guarantees, including the need for them to be irrevocable, unconditional, and incontrovertible. It also addresses the use of electronic guarantees, sets limits on unsecured guarantees for certain REs, and specifies conditions for counter-guarantees and invoked guarantees. The comments/ feedback from stakeholders are invited. (RBI Draft Directions Dated 09/04/2025)
Draft RBI Co-Lending Arrangements Directions: The draft directions establishes a comprehensive framework for permitted REs (banks, AIFIs, NBFCs) engaging in joint lending, excluding loans over ₹100 crore or those covered by existing guidelines. These rules outline the applicability, definitions, general guidelines for credit policies and agreements, borrower disclosures, interest rate mechanisms (blended rate), operational procedures including escrow accounts, reporting to CICs, and permissible default loss guarantees. The directions also address asset classification and the transfer of loan exposures. The comments/ feedback from stakeholders are invited. (RBI Draft Directions Dated 09/04/2025)
J. Miscellaneous
SC, Registering Authority cannot decide property ownership: Case of K Gopi vs Sub-Registrar, SC Judgement Dated 7th April 2025. A sale deed was executed in favour of the appellant in respect of the property mentioned therein. The Sub- Registrar refused to register the sale deed on the ground that the title of the vendor and the appellant was not established.
— The apex court held that the registering officer has no adjudicatory power to decide whether the executant has any title. The registering officer cannot refuse to register the document if all the procedural compliances are made and the necessary stamp duty as well as registration charges/fee are paid. The execution and registration of a document have the effect of transferring only those rights, if any, that the executant possesses. If the executant has no right, title, or interest in the property, the registered document cannot effect any transfer. (SC Judgement Dated 07/04/2025)
*****
Compiled by:- CMA Yash Paul Bhola, MBA, ICWAI, Former Director (Finance), National Fertilizers Limited.
Disclaimer: The contents of this article are for informational purposes only. The user may refer to the relevant notification/ circular/ decisions issued by the respective authorities for specific interpretation and compliances related to a particular subject matter)
Author Bio
